Mortgage and Financial News From 2007-10-20 Page 8
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Call for economic assistance draws dozens in Woodruff
Spartanburg Herald-Journal - The couple had to refinance their double-wide home and shell out money to fix problems with their septic tank and furnace. Jean Knighton, 70, also has had ongoing problems with her spine and deteriorating bones. "We're just barely getting by," she said ...
2007-10-20 04:40:00 -
Citigroup secures funding for $80 b in SIVs
Economic Times - It disclosed in a filing with the Securities and Exchange Commission that it’s on the hook for a maximum of $117 billion (euro81.89 billion)if issuers can’t refinance short-term assets. During the third quarter Citigroup’s corporate cash ...
2007-10-20 12:25:00 -
Are no-cost refinance loans worth it? (The Advocate)
You may have seen ads lately for a "no-cost refinance" mortgage loan. This appears to be a mortgage program that promises no fees or out-of-pocket expenses when you refinance your existing home mortgage.
2007-10-20 04:14:10 -
Fed chair: Housing slump real drag
Nashua Telegraph - Yet, with the limited information seen since the central bank's September meeting ... have been forced out of business and some investors in those and related mortgage ... housing bust have made it more difficult for some subprime borrowers to refinance ...
2007-10-16 01:56:00 -
on Current Housing and Mortgage Market Developments
U.S. Treasury - The GSEs could increase the flow of mortgage capital to refinance subprime borrowers if they securitized a greater number of ... Mortgage providers must offer clear, transparent and understandable information on the mortgage products they sell. And ...
2007-10-15 05:53:00 -
Scam 'Medicare' calls target Hawaii seniors (Honolulu Advertiser)
With open enrollment for Medicare Part B under way, seniors are being warned that some solicitation calls for the healthcare plans may actually be scams to get them to reveal confidential information.
2007-10-20 05:30:22 -
Heat rises on interest rates
Stockhouse Canada - It would also add about $50 a month to the cost of servicing the average mortgage loan, wiping out gains in foreshadowed tax cuts. The last time the Reserve Bank cut interest rates was in December 2001. In an exclusive interview with The Sunday Age ...
2007-10-20 09:26:00 -
U.S. mortgage rates hold steady
Marketwatch - CHICAGO (MarketWatch) -- Mortgage rates moved very little and the 30-year fixed-rate mortgage didn't change at all, as economic indicators came in mixed this week, Freddie Mac's chief economist said on Thursday. "While retail sales were stronger in ...
2007-10-18 08:24:00 -
30-year mortgage rates unchanged since last week
Tacoma News Tribune - WASHINGTON – Rates on 30-year mortgages were unchanged this week while rates on other types of mortgages also showed little movement. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.40 percent this ...
2007-10-19 01:13:00 -
Tuesday, October 16
News.com.au - Banks aren't the cheapest, rivals say NON-BANK lenders have consistently offered borrowers the cheapest mortgage funding, and suggestions that only the non-bank sector recently lifted rates in response to the credit crunch are a myth, Challenger ...
2007-10-20 09:55:00 -
US 30-year mortgage rates unchanged in latest week-Freddie Mac
Reuters - More Company News... WASHINGTON, Oct 18 (Reuters) - Average rates on U.S. 30-year mortgages were unchanged in the latest week, mortgage giant Freddie Mac said on Thursday. U.S. 30-year mortgage rates remained at an average of 6.40 percent, as fifteen ...
2007-10-18 09:07:00 -
Living Paycheck To Paycheck Getting Harder
CBS News - Industry analysts and some economists fear the strain will get worse as people are hit with higher home heating bills this winter and mortgage rates go up. It's bad enough already for 85-year-old Dominica Hoffman. She gets $1,400 a month in pension ...
2007-10-20 11:14:00 -
Judge freezes assets of Berks mortgage broker
Morning Call - A federal judge on Friday froze the assets of a mortgage broker that prosecutors suspect of defrauding hundreds of people out ... Government lawyers provided probable cause to believe Snyder is running a Ponzi mail fraud scheme that has affected the ...
2007-10-20 12:08:00 -
Supervalu falls prey to $10M wire fraud scam
Minneapolis Star Tribune - UnitedHealth gains greeted with shrug Hormel stewing over Campbell's new soups MoneyGram is unlikely subprime mortgage casualty Kara McGuire: Your color of money 38% growth in St. Jude’s profit fails to perk up investors’ pulses BOISE, Idaho ...
2007-10-19 02:57:00 -
Loan fraud nets 18-month sentence
Anchorage Daily News - A federal judge has sentenced an Anchorage small businessman to 18 months in prison and ordered him to pay $190,000 in restitution for his role in a local mortgage fraud ring. Azem Limani, 37, was indicted last year on fraud charges. Federal ...
2007-10-19 03:37:00