Mortgage and Financial News From 2007-10-13 Page 14
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House OKs 'short sales' bill
Lansing State Journal - Other popular mortgage rates also were down. - Associated Press What is a short sale? A short sale happens when a house is ... add up to $35,000, the bank will have to approve a sale that will net it less than it is owed on the mortgage. Under current rules ...
2007-10-12 10:43:00 -
Ban on homebuyer aid fought
Baltimore Sun - ... officials have considered such a move on and off for years, long before the current ... Later mortgages also have above-average foreclosure rates. Brian Montgomery, the ... Holden Lewis, who follows mortgage and real estate matters for Bankrate.com, said ...
2007-10-13 12:16:00 -
Mortgage Relief Act passes U.S. House (Port Clinton News Herald)
WASHINGTON, D.C. -- The Mortgage Relief Act recently passed the U.S. House of Representatives by a vote of 386-27.
2007-10-12 07:38:16 -
National Bank Adjusts its Mortgage Rates (Marketwire via Yahoo! Finance)
National Bank has adjusted its rates for residential mortgages. The new rates are effective as of October 15, 2007.
2007-10-12 11:15:00 -
Lawmakers tackle state's foreclosure problem
Lansing State Journal - Democrats say their plan would help homeowners secure fixed rate home loans when they have been stuck with riskier ... its truly needed...it seems that there are 1000's of people who got into the business only to make a killing on the refinance ...
2007-10-12 10:43:00 -
Finally, Action on Home Mortgages by Bush Administration and Congress
American Progress - ... modifications or to find a new loan that could be bought by the GSEs, such as directing funds to state housing finance agencies already equipped to safely refinance borrowers in default, or by re-establishing an entity like the Depression-era Home ...
2007-10-12 09:07:00 -
Don't walk away if home value sinks
Akron Beacon Journal - Don't walk away if home value sinks Keep paying negative-amortization mortgage on Fla. house rather than default, ruin ... I am losing about $23,400 each year and will have to take out a $60,000 second mortgage to sell or refinance. Should I stop ...
2007-10-12 09:53:00 -
U.S. Corporate Bond Sales Closing in on $1 Trillion Milestone
Bloomberg - Among the flurry of deals this week were Arlington, Virginia-based AES's $2 billion offering to refinance debt, and Enterprise's $2.75 billion bond transaction, the rental car company's biggest offering. Allison Transmission, the ...
2007-10-12 05:47:00 -
Home Depot Makeover Hopes To Attract Women (NBC 10 Philadelphia)
Home Depot is changing the look of a store in California in hopes of attracting more female business.
2007-10-12 12:44:11 -
Woman Fights Crime From Home (WESH 2 Orlando)
A woman in Orlando's College Park neighborhood is taking a new approach to crime fighting -- and she never leaves home.
2007-10-12 03:45:59 -
Rockies Roll, Come Home With 2-0 Lead (KMGH 7 Denver)
Rockies come home with a 2-0 lead.
2007-10-12 11:54:56 -
Man Pleads Guilty To Breaking Into, Vandalizing Poway Home (KGTV San Diego)
A 20-year-old man who broke into a Poway home, drinking alcohol and destroying all of the windows, TVs and computers in the residence, pleaded guilty Friday to felony burglary and vandalism charges.
2007-10-12 05:02:04