Mortgage and Financial News From 2007-9-30 Page 8
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Questions for Obama
Washington Post - In his second inaugural address , President Bush said: "The survival of liberty in our land increasingly depends on the ... by "lowering their lending standards," were guilty of "pushing," "hoodwinking" and "driving" low-income buyers into mortgages ...
2007-09-30 11:16:00 -
Barbie Isn't The Only One With An Impossible Physique
Tampa Tribune - Parents often use up college savings or take out second mortgages. Some put the cost on credit cards and hope their child is well before their finances collapse. Powers says insurance companies have been short-sighted. "It's cheaper to treat someone ...
2007-09-29 09:11:00 -
Freddie Mac settles accounting-fraud charges
CNBC - WASHINGTON - Freddie Mac, the nation's second-largest financer of home mortgages, is paying a $50 million fine to settle civil securities fraud charges brought by federal regulators in a four-year accounting lapse. In addition, four former executives ...
2007-09-28 04:45:00 -
China economic planner to stabilize property prices with fiscal/credit ...
Forbes - Last week, China raised the cost of mortgages for commercial and second residential properties, and analysts are expecting more policies will be implemented to further tighten controls in the sector. The NDRC also promised to offer more land for ...
2007-09-30 04:21:00 -
Recipe for foreclosure: Fraudulent mortgages devastate home-loving West Virginians and fuel national subprime crisis (The Charleston Gazette)
Charleston public interest attorney Dan Hedges. Charleston public interest attorney Bren Pomponio.
2007-09-29 09:05:29 -
Subprime mortgages contribute to rise in Oshkosh foreclosures (The Oshkosh Northwestern)
Every once in awhile, as Steve Krueger prepares to auction off a property, someone will walk up and ask him about what will happen.
2007-09-30 02:20:51 -
Will the Fed's cut slash your wallet?
Daily Herald - ... the step (a biggie, as it's the first key interest rate cut since 2003) in response to the mess that is this country's mortgage ... economic crash of our monetary system had only 2 possible ways to play out. If the fed left the then current interest ...
2007-09-30 12:06:00 -
Muslims debate acceptability of mortgages
Allentown Morning Call - ... tell their congregations it is OK to get a mortgage. ''If you buy a house with interest, hey, it's for your family,'' said Konate, who emigrated from the Ivory Coast. ''You're not going to let them live on the street.'' But some disagree. ''Only in a ...
2007-09-30 12:35:00 -
Bottom line: Penny-pinching helps
Chicago Tribune - ... of owning a home-based business -- writing off household expenses, including your rent or mortgage interest and utilities. "Outsourcing reduces need for space, reduces overhead and keeps you flexible," Marks said. - Haggling. Sometimes the only way ...
2007-09-30 07:12:00 -
Wall Street Awaits Key Economic Reports
ABC News - ... credit markets have loosened up some, the Dow Jones industrial average is only ... ended with the Dow up 3.6 percent after the Federal Reserve lowered key interest ... improved, but the financial markets remain unsure how problems with spiking mortgage ...
2007-09-30 11:23:00 -
O'Malley tax starts with rich in middle
Baltimore Sun - The plan would hit individuals with taxable income above $157,200 and married couples with taxable income above $214,100, but that's after deductions for mortgage interest, exemptions for kids and so forth. In plain language, only households earning ...
2007-09-30 12:24:00 -
Unpaid debts on the rise
News.com.au - HOME finances are being stretched to the limit with Australia's biggest debt ... what they'll at least try and do is always pay the minimum on their mortgage because ... These types of credit are loaded with high fees, charges and/or interest rates and ...
2007-09-30 06:58:00 -
Guest column: The truth about the mortgage market
Green Bay Press-Gazette - The recent real estate boom was fueled by a period of record home appreciation and historically low interest rates. Banks ... years, supported by high demand, historical real estate data, home prices and massive trading volume/profits on mortgage-backed ...
2007-09-30 12:13:00 -
A week's worth
Christian Science Monitor - That latest cut in federal interest rates helped the Dow Jones Industrial Average ... for September. • Squeezed by the high cost of borrowing and subprime mortgage ... the outplacement specialist reported that their companies have found stay-at-home ...
2007-09-30 11:52:00 -
Bringing hope to home owners
Times-Herald - ... Resources Board of Directors, said home owners across the country are in danger of losing their homes due to adjustable-rate mortgages that were popular when mortgage interest rates were low. He said for the first two years of the mortgage a home ...
2007-09-30 07:05:00