Mortgage and Financial News From 2008-1-25 Page 5

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  • Family backing could help first timers - ic Wales

    Family backing could help first timersic Wales, United Kingdom - 41 minutes agoGriffiths Ings says these property-rich parents can, in many cases, provide the security sought by mortgage lenders wary of potential young buyers ...
    2008-01-25 10:18:29

  • While you weren't watching ... ... mortgage rates were tumbling - Chicago Tribune

    While you weren't watching ... ... mortgage rates were tumblingChicago Tribune, United States - 28 minutes agoAnd, spooked by falling home prices, many lenders have become hypervigilant about appraisals. Pitts of Professional Mortgage Partners said he is holding ...
    2008-01-25 10:31:38

  • Pension shortfall an issue for couple - ReportonBusiness.com

    Pension shortfall an issue for coupleReportonBusiness.com, Canada - 26 minutes agoIn Canada, these companies lend conservatively and avoid the problems that have plagued the US mortgage industry, Mr. Moran says. They are equity lenders ...
    2008-01-25 10:34:02

  • Economy: Worries close to home - St. Louis Post-Dispatch

    Economy: Worries close to homeSt. Louis Post-Dispatch,  United States - 6 minutes ago... nation in mortgage foreclosures — the Democratic contenders pushed their plans to ease the burden on at-risk homeowners and take on predatory lenders. ...
    2008-01-25 10:54:05

  • Lower credit scores mean higher rates for mortgage borrowers - East Valley Tribune

    Lower credit scores mean higher rates for mortgage borrowersEast Valley Tribune, AZ - 4 minutes agoQualifying for a home loan just got trickier. With defaults and foreclosures still plaguing the mortgage industry, lenders are evaluating how risky ...
    2008-01-25 10:55:23

  • Today's business news (The Myrtle Beach Sun News)

    UNITED STATES CONSTRUCTION EQUIPMENT Caterpillar's sales remain stronger overseas
    2008-01-25 09:29:05

  • Letters to the editor (Savannah Morning News)

    Mortgage mess leads to lender questions
    2008-01-25 09:51:24

  • Rate cuts spur refinancing rush (Milwaukee Journal Sentinel)

    One of Matt DeFendi's relatives recently suggested he keep an eye on falling mortgage rates.
    2008-01-25 09:57:18

  • Suit targets loan registry (Pioneer Press)

    You might expect national home-loan giants Wells Fargo or Countrywide to top the list. But it is a mysterious company called MERS that routinely pops up in county property records around the Twin Cities as the owner of failing mortgage loans.
    2008-01-25 10:13:22

  • Countrywide results in focus amid housing gloom in US (Gulf Times)

    NEW YORK: Countrywide Financial Corp’s fourth-quarter results, scheduled for release on Tuesday, will be closely scrutinised for what they show about the declining US housing market, and what they mean for Bank of America Corp, which is buying the nation’s largest mortgage lender.
    2008-01-25 10:20:57

  • Countrywide Earnings Eyed Before Deal (Washington Post)

    LOS ANGELES -- Investor concerns that Bank of America Corp. might try to pull out or pay less for Countrywide Financial Corp. could intensify next week when the troubled mortgage lender reports 2007 year-end financial results.
    2008-01-25 10:23:47

  • While you weren't watching ... ... mortgage rates were tumbling (Chicago Tribune)

    But joining the refi rush won't be so easy this time With long-term mortgage rates sinking to their lowest level since March 2004, it looked like one of those golden opportunities to refinance the home or condo this week.
    2008-01-25 10:40:29

  • Early mortgage payoff may have kinks (Akron Beacon Journal)

    Q: My wife and I put together an aggressive plan to pay off our mortgage in five years, and our goal will be complete in May. Can you tell us of anything we should be doing and/or asking from the mortgage company concerning the deed to our home, the property taxes or anything else? — Travis.
    2008-01-25 10:45:11

  • North Korean symphony to play in London: report

    CBC News - ... cent to $2.9 billion US over the past year, but the growth has failed to cover losses from slumping international CD ... inflation rate to its lowest level in two years in December, giving the Bank of Canada plenty of wiggle room to cut interest rates ...
    2008-01-25 10:56:00

  • Lending goes peer-to-peer on Web

    Inside Bay Area - ... a San Francisco-based Web site that provides personal finance tips. (See the breakout box for interest rates ... do this by reducing the return they get on the Zopa CD, which currently pays a 5.1 percent interest rate. The lower amount paid on the CD ...
    2008-01-25 09:44:00

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