Mortgage and Financial News From 2008-1-25 Page 16

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  • Lawsuit seeks to block some foreclosures - Minneapolis Star Tribune (subscription)

    Lawsuit seeks to block some foreclosuresMinneapolis Star Tribune (subscription), MN - 26 minutes agoRegistry mortgages aren't assigned because there's only an electronic transfer of interest as a mortgage is traded on the secondary mortgage market, ...
    2008-01-25 06:05:58

  • On Michelle Malkin: Hungry for a Real Man! - American Politics Journal

    On Michelle Malkin: Hungry for a Real Man!American Politics Journal, FL - 22 minutes agoThe plan, Ms. Malkin, is to bail out the banks, mortgage insurers, and other lending institutions – the true criminal players, your friends and heroes. ...
    2008-01-25 06:09:42

  • Why the Fed's rate cut only caused a ripple - Financial Times

    Why the Fed's rate cut only caused a rippleFinancial Times, UK - 15 minutes ago... sheets is more exposure to mortgages, even if the Fed's interest rate cut means lower mortgage rates will attract borrowers wanting to refinance. ...
    2008-01-25 06:16:18

  • Paul Solman Walks Through Wall Street's Wild Week, Economy's Tumult (The Online NewsHour)

    Wall Street and global financial markets took a dive this week, fueled largely by concerns over a slowing U.S. economy. Economics correspondent Paul Solman explains the wild week on Wall Street, and explores the larger causes behind the turmoil.
    2008-01-25 05:28:48

  • What’s $34 Billion on Wall Street? (NYTimes.com via Yahoo! Finance)

    For many top Wall Street executives, humiliation and defeat does not necessarily result in professional exile.
    2008-01-25 05:40:30

  • Bond market may need a bailout (Seattle Post-Intelligencer)

    NEW YORK -- If the struggling bond market is saved by a potential bailout, turbulence in the stock market could ease -- but without a bailout, cities across the country could have difficulty building projects from sewers to schools.
    2008-01-25 06:05:22

  • Lawsuit seeks to block some foreclosures (Minneapolis-St. Paul Star Tribune)

    Hennepin County is swept up into an action targeting lenders.
    2008-01-25 06:09:10

  • Silver (dollar) linings

    Chicago Sun-Times - The other positive is that mortgage rates have declined almost to historic lows of mid-2003. Stephen Baird, president of the Baird ... Baird said he's heartened by the data in median home prices because, over many years, Chicago area homes tend to rise in ...
    2008-01-25 01:52:00

  • Housing rebound on way?

    Columbus Dispatch - Interest rates are near 5.5 percent on a 30-year, fixed mortgage, and home prices are as competitive as they've ever been," Hrabcak said. "Five years from now, I think people will say, 'What was I thinking,' with the type of selection, interest rates ...
    2008-01-25 02:42:00

  • Lower rates spur homeowners

    Charleston Post & Courier - However, the central bank's action, engineered by Fed Chairman Ben Bernanke, was a response to worrisome economic and credit market developments that also have been pushing mortgage rates lower in recent months. Interest rates for some home loans ...
    2008-01-24 09:41:00

  • Oregon bar gets new home due to old digs

    Oregonian - Kruse Way, which is now almost entirely built-out and home to scores of influential banking, mortgage and finances companies, was little more than ... 217 business submarket continues to rank as one of the strongest in the region, with vacancy rates ...
    2008-01-25 12:05:00

  • Palm Beach County home sales down 19% in 2007; Prices drop 4%

    Fort Lauderdale Sun-Sentinel - Declining mortgage rates and the Federal Reserve's surprise rate cut this week are expected to help spur home sales. What's more, the move-up market could be bolstered if Florida voters approve a constitutional amendment on Tuesday that would allow ...
    2008-01-25 04:37:00

  • Deal has rebates coming your way

    Detroit Free Press - Raising the limit would allow such borrowers to find lower rates when buying a new home or refinancing an existing mortgage. McBride said that the change could free up more spending money for homeowners who could refinance under the changes. He pointed ...
    2008-01-25 12:19:00

  • REALTORS: Existing-home Sales Down 22% in December; 2007 Sales 12.8 ...

    HuntingtonNews.Net - ... affordability conditions in many parts of the country, but we could get a quick boost to the market if loan limits are raised in combination with the bold cut in the Fed funds rate,” he said. “Home prices are lower, mortgage interest rates ...
    2008-01-25 03:18:00

  • All Aboard the Home Foreclosure Bus Tour

    ABC News - In the past couple of weeks, mortgage rates slipped below 6 percent for the first time since 2005. If you are one of the many homeowners at risk of losing your home, leave no stone unturned in terms of working out a solution with your lender. You ...
    2008-01-25 04:01:00

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