Mortgage and Financial News From 2007-9-30 Page 16
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Alison Rogers: Taking the Fear Out of Interest-Rate Resets (HuffingtonPost)
Very soon, your adjustable-rate mortgage will reset, unleashing fire from the sky and a flood of wolves that will cause you to lose your home. Okay, not really.
2007-09-29 05:02:08 -
Will rate cut be good for the U.S.? (Portsmouth Herald)
The recent half point interest rate cut by the Federal Open Market Committee came as a surprise to most market watchers.
2007-09-30 03:36:48 -
Treasury Two-Year Notes Gain Most in Five Years on Fed Rate Cut (Bloomberg.com)
Sept. 29 (Bloomberg) -- Treasury two-year notes gained the most in five years during the third quarter as the Federal Reserve delivered what investors predict will be the first in a series of interest-rate cuts.
2007-09-30 12:49:23 -
Royalty rate piques Albertans' interest (Calgary Sun)
The issue of how much royalties the oil and gas industry should pay to the province has piqued the interest of Albertans.
2007-09-30 01:24:26 -
As good as gold
Medford Mail Tribune - ... pulling their money out of investments that might be hit by lower interest rates ... tangible,' " he said, referring to collateralized debt obligations, a mortgage ... Compare that with the Standard & Poor's 500 index, the stock market benchmark ...
2007-09-30 01:50:00 -
Commercial market still active
Houston Chronicle - The nation's credit market crisis has made obtaining a home mortgage much harder for cash-strapped buyers who don't always pay their bills on time. Home sales between $80,000 and $150,000 — the range in which many subprime loans were made — were ...
2007-09-27 05:53:00 -
Yes, you can still get a mortgage
Allentown Morning Call - Even in his part of the country, where home prices are rising, ''a lot of people think that the mortgage market is in much worse shape'' than it actually is. ''Other than subprime and high LTV (loan-to-value) stated-income'' programs, he says, ''we've ...
2007-09-30 12:17:00 -
Penny-pinching yields bucks to small business
Baltimore Sun - Professional tax preparation and advice can help a small-business owner capitalize on one of the great benefits of owning a home-based business - writing off household expenses, including your rent or mortgage interest and utilities. "Outsourcing ...
2007-09-30 12:24:00 -
Little Heritage Bank bank has big plans
Norfolk Virginian-Pilot - Looking for a deal on property insurance? Heritage Bank can provide it but doesn't promote insurance. Shopping for a home mortgage? Heritage makes mortgages available only under certain circumstances. Need help with personal investments? You'd best ...
2007-09-29 10:23:00 -
ARMs escalation brings borrowers DOWN
Charlotte.com - 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 ...
2007-09-29 11:27:00 -
Report errors threaten sale
Detroit Free Press - Dear David: I signed a contract to purchase a home last month and then went shopping for a mortgage. It turns out that my credit report has several errors on it, and the credit bureau says it will take about 30 days to make corrections. The sale ...
2007-09-29 11:56:00 -
WEAK DOLLAR HAS GLOBAL WARNINGS
New York Post - See IRS Publication 936, Home Mortgage Interest Deduction, for more information. The 109th Congress passed this tax law in its final hours. An expert recently got that wrong in your column. B.M. Dear B.M.: Thanks for the heads up. Send your questions to ...
2007-09-29 10:23:00 -
Mortgage crisis stirs regulators
Miami Herald - ... liquidity into the system -- making credit easier to obtain -- but that won't do anything except buy time unless a variety of bad market practices are fixed. Fixes include setting licensing standards for mortgage brokers and others who sell home loans ...
2007-09-29 11:56:00 -
FINANCIAL WATCH
Newsday - 6 Number of mortgage companies or home builders in the list of the 10 worst performing S&P 500 stocks in the third quarter. 15.6 Percentage rise in shares of Procter & Gamble in the third quarter, best performer in the Dow Jones industrials. 17.0 ...
2007-09-30 01:07:00 -
Couple has head start on a comfy retirement
Seattle Times - We are paying an additional $2,400 a year toward our home-mortgage balance. IRA and 401(k) balances are $180,000. Our home value is $170,000, with a $110,000 mortgage. Savings at a local bank is $20,000. Your thoughts would be much appreciated. A: Hold ...
2007-09-30 12:10:00