Mortgage and Financial News From 2007-9-30 Page 11
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Mortgage bailouts run into opposition
Salt Lake Tribune - ... homeowners last month, Roach, a 30-year-old information technology specialist for a financial firm, had posted an online petition called ''Tax Payers Against a Wall Street and Mortgage ... late payment of property taxes to help homeowners refinance ...
2007-09-28 05:59:00 -
brings borrowers down
Charlotte.com - Those with ARMs have a rare window to refinance, he said. "Timing is essential." Mortgage Troubles? • Contact the company that ... Wells Fargo says to bring your most recent mortgage payment slip. For information, call Cathy at 704-367-7600. • ...
2007-09-30 04:28:00 -
Is bankruptcy better than foreclosure? (Southeast Missourian)
Dear Bob: We are behind three months on our home mortgage payments due to illness and unemployment. The mortgage loan servicer has been very uncooperative when we tried several times to make partial...
2007-09-29 10:30:51 -
ARMs escalation brings borrowers down (The Charlotte Observer)
ay Hinkle is facing something he didn't expect -- an increase to the double-digit interest rate on the home mortgage he already can't meet. The former cabinetmaker with a wife and four children struggles with the $1,700-a-month payments on his four-bedroom Lake Wylie home. He was laid off and fell several months behind. He has a new job now but marred credit from the missed payments. He took out ...
2007-09-30 04:49:54 -
Mortgage bailouts run into opposition (The Salt Lake Tribune)
As more states and cities struggle to find the money to bail out homeowners caught up in the housing downturn, some Americans are wondering why government should be rewarding people for their greed or irresponsibility.
2007-09-29 11:03:07 -
China hikes mortgage rates, down payments
Marketwatch - HONG KONG (MarketWatch) -- China lifted interest rates and increased the minimum down payment requirements for the purchase of second-homes and commercial real estate in a bid to cool down the property market, according to reports. The changes were ...
2007-09-26 05:54:00 -
30-year mortgage rates bounce back 2nd week
Fort Wayne Journal Gazette - WASHINGTON – Rates on 30-year mortgages rose for a second straight week, a sharp rebound after hitting a four-month low. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.42 percent last week, up ...
2007-09-30 02:55:00 -
Fed’s rate cut won’t directly affect mortgage rates (Naples Daily News)
Yes, the Federal Reserve cut short-term rates. No, that doesn’t mean that mortgage rates will inevitably go down, especially in the short term. A look at mortgage rates must begin with a history lesson. From Jan. 3, 2001, to June 25, 2003, the Federal Reserve reduced its target for the federal funds rate 13 times.
2007-09-29 10:13:08 -
Fraud Case Stings Taxpayers Of Firm
KPHO - READ: 9/28/07 - Family Charged In Fraud Case The Arizona Department of Revenue said it will contact everyone who used ... said the charges stem from false income tax returns the Deckers allegedly prepared for clients and for forging mortgage ...
2007-09-30 05:39:00 -
Washington roll call: How Upstate legislators voted
Spartanburg Herald-Journal - ... based on sexual orientation, gender or disability, as well as the existing categories of national origin, religion and race. Voting no: Graham, DeMint In the week of Oct. 1, the House will take up bills on overseas contracting fraud and mortgage-debt ...
2007-09-30 04:06:00 -
Editorial: Rowan skirts national trend
Salisbury Post - ... laws this year to protect homeowners from unfair loans — from requiring lenders to verify that a borrower will be able to repay a loan, even after the interest rate increases, to giving state officials more power to investigate mortgage fraud. ...
2007-09-29 10:01:00 -
Appraisers find selling prices often lower than market value
Minneapolis Star Tribune - ... Crabtree, president of Affiliated Appraisers in Bakersfield, Calif., says bloated sales prices over the past five years, plus hidden concessions and fraud, "have distorted the data" and public records in some parts of the country. "When mortgage fraud ...
2007-09-27 05:53:00 -
Does anyone live in the buy-to-let flats?
This is Money - And Financial Mail has evidence suggesting that the classic investor mortgage fraud, where 'discounts' on price are concealed from lenders to extract a bigger mortgage, have emerged in at least one other much-hyped Manchester development. Crashes ...
2007-09-30 03:38:00 -
Despite crunch, mortgage money is still available
San Francisco Gate - 09-30) 04:00 PDT Washington -- The term "mortgage meltdown" has become so commonplace - on TV, in headlines and even casual ... income mortgages with no verifications are hard to find and major investors are on the prowl for anything hinting at fraud ...
2007-09-30 05:18:00 -
Fraud Case Stings Taxpayers Of Firm (CBS 5 Phoenix)
About 7,000 Phoenix-area taxpayers who used a Gilbert tax preparation firm whose operators were indicted for fraud will be required to file amended state tax returns. 5:45 a.m.
2007-09-30 05:48:09