Mortgage and Financial News From 2008-10-5 Page 10
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More Business - San Francisco Gate
Senate sends big spending bill to Bush to sign 09.28.08 Tentative accord reached on bailing out bankers 09.28.08 Gains for right predicted in Austrian elections 09.28.08 A dreadful time for Bay Area IPOs 09.28.08 A mini-refinance boom started last ...
2008-09-28 04:40:00 -
Fannie, Freddie deal helps some borrowers, not all - Forbes
Few outside Washington and Wall Street may understand what Fannie Mae and Freddie Mac do, but the government's bailout of the two will likely be felt in cities and suburbs across the country. The takeover will be good news for those looking to buy a ...
2008-09-08 05:18:00 -
Q&A with Ric: Should I Cash In My 401(k) To Get Out Of Debt? - CNBC
Question: Your show Tuesday night gave me the first hope I've had in awhile. My question is do I try to refinance my home, sell it, get a different job, or cash in my modest 401k to turn this around? I have survived a very difficult 2 1/2 year ...
2008-08-13 12:34:00 -
Mortgage Rate Dip Gets Borrowers' Attention - Washington Post
For the first time in months, interest rates slipped below 6 percent this week, prompting Donna Gillis to immediately refinance the mortgage on her D.C. rowhouse. "It would have bothered me not to be in the 5 percent range, even though the monthly ...
2008-09-11 05:53:00 -
Q&A with Ric: Up in ARMs Whether or Not to Refinance - CNBC
Question: My husband and I currently are in the 2nd year of our 5 year ARM mortgage. We are considering refinancing to a fixed mortgage due to low rates. However, we are unsure if that is a good idea since we have 3 years on the ARM. In that time we ...
2008-08-11 12:32:00 -
Lower rates don't guarantee homeowners can refinance - Seattle Post Intelligencer
A dramatic drop in mortgage rates has motivated some homeowners to wonder if they should refinance. A better question might be: Are they able to refinance? Back when house prices were zooming upward, it was easy to refinance a mortgage. Lending ...
2008-09-11 05:53:00 -
Applications to refinance home mortgages surge - San Diego Union-Tribune
NEW YORK – Homeowners rushed to take advantage of last week's drop in interest rates following the government's takeover of Fannie Mae and Freddie Mac, but rates are rising again on investor fears about the eroding conditions in financial markets ...
2008-09-16 05:54:00 -
Want a hot investment? Try your own mortgage (Contra Costa Times)
Want a hot investment? Try your own mortgage
2008-10-05 12:08:13 -
Robert Peston (BBC News)
Is there a possible cure out there for the credit crunch?
2008-10-05 12:08:39 -
Buying foreclosures (Denver Post)
Over the past four months, Jesse and Nanette Horn have been trying to buy their first home.
2008-10-05 12:15:26 -
Economy tarnishes ‘golden years’ (The Scranton Times-Tribune)
It wasn’t a plea for help Kim Hughes tapped out on her keyboard three weeks ago. She didn’t want money, or even sympathy. The letter she mailed to friends and family was an attempt to connect to others like herself, to let them know they’re not alone.
2008-10-05 01:42:31 -
CREDIT WOES HIT MAIN STREET VICTIMS AS WELL (New York Post)
If you think the credit crunch is Wall Street's problem, think again. Countless business owners, college students and homeowners across the country are being hurt by the lack of credit. Some businesses are being forced to lay off large numbers of...
2008-10-05 02:16:07 -
Lenders' new way same as old way (The Columbus Dispatch)
WASHINGTON -- If the problem threatening to take down the economy is bad mortgages, then why isn't mortgage insurance taking care of it?
2008-10-05 03:13:32 -
What does 'live within your means' mean today? (San Diego Union-Tribune)
During the vice presidential debate last week, a telling moment came when moderator Gwen Ifill asked Alaska Gov. Sarah Palin who was at fault for the nation's credit crisis: “greedy lenders” or “risky homeowners who shouldn't have been buying a home in the first place”?
2008-10-05 03:15:22 -
Sri Lanka mortgage bank downgraded by Fitch - Lanka Business Online
Oct 05, 2008 (LBO) - Sri Lanka's HDFC Bank, a state-backed mortgage lender, has been downgraded a notch from 'A-(lka)' to 'BBB+(lka)', on rising interest costs, with the outlook remaining 'negative', Fitch Ratings has said. Fitch also downgraded 250 ...
2008-10-05 12:21:00