Mortgage and Financial News From 2008-7-17 Page 01
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Record rise in NZ home affordability - new report - New Zealand Herald
Falling house prices, coupled with lower interest rates have driven the biggest improvement in home affordability in the past six years. The Wizard Home Loans Affordability report was released today, showing June's improvement was the biggest seen ...
2008-07-17 07:43:00 -
Foreclosure defense buys homeowners time - Miami Herald
As foreclosures continue to mount, borrowers who have run out of options are turning to attorneys to fight back -- and they're living mortgage-free for months in the process. Although the chances of ultimately keeping a foreclosed home are slim, for ...
2008-07-17 09:16:00 -
Tracker mortgage switchers hit by new rate rise - Independent
HOMEOWNERS planning to switch their mortgage to avail of a better deal are set to be hit after it emerged that National Irish Bank is planning to hike its mortgage rates. The bank offers the best value mortgages for people who have built up equity in ...
2008-07-17 08:47:00 -
KeyCorp Swoons as Losses Climb From Lending Outside Home Market - Bloomberg
July 18 (Bloomberg) -- Three months ago, analysts were speculating KeyCorp would help rescue National City Corp. after its bigger Cleveland-based neighbor set aside $1.4 billion to cover bad loans and reported a $171 million first-quarter loss. Since ...
2008-07-17 09:23:00 -
Non-bank lenders lose big chunk of home loans - News.com.au
NON-BANK lenders have seen their share of the home loan market slashed in the past year as the credit crunch sends borrowers back to traditional mortgages. The banks now have a lock on nine out of 10 mortgages even though they have raised their ...
2008-07-17 08:11:00 -
Homeowner help at Pats' home field - Boston Globe
The Federal Reserve Bank of Boston has picked an unusual location to host an event to help homeowners prevent foreclosure: Gillette Stadium. The Aug. 12 event will be held in a corporate clubhouse overlooking the field and stands, and Boston Fed ...
2008-07-17 09:08:00 -
Non-bank lenders lose slice of mortgage pie - News.com.au
Banks now have a lock on nine out of 10 mortgages Non-bank lenders' market share slashed by two-thirds The latest interest rates news and features
2008-07-17 07:21:00 -
Talks on Mortgage Giants Continue - Washington Post
Barney Frank, chair of the House Financial Services Committee, is "very optimistic" about approving aid for Fannie Mae and Freddie Mac. (By Carol T. Powers -- Bloomberg News) People close to the talks said Treasury Secretary Henry M. Paulson Jr ...
2008-07-17 08:11:00 -
It’s still the economy, stupid (Online Journal)
George W. Bush looked into the TV camera Tuesday morning and tried to assuage the fears of about 300 million Americans who believed they were in the middle of a recession.
2008-07-17 10:00:53 -
A down market is good time to build for some buyers (Milwaukee Journal Sentinel)
Oak Creek - As the clock turns toward noon on weekdays, Jamie Hartman becomes increasingly excited.
2008-07-17 10:03:05 -
Florida's economic struggles to linger a while (The News-Press)
Florida's economic slump is worse than state economists had predicted earlier this year.
2008-07-17 10:17:43 -
Fresno office-space vacancies at 10.6% for second quarter (The Fresno Bee)
With real estate, mortgage and home-building businesses closing up shop amid a weakening economy, the market for office space in Fresno isn't what it used to be.
2008-07-17 10:23:43 -
Couple feel helpless, hopeless after fire (Florida Today)
Michael and Katherine Greenwood spend a lot of time now confused and crying. In May, the couple's home appeared on the front page of FLORIDA TODAY, engulfed in orange flames, as it burned to the ground. Two vans for the disabled, along with mobility scooters, also burned.
2008-07-17 10:36:41 -
A credit union manager plays it safe and steady (The Record)
MIAMI - George Joseph, who heads the Dade County Federal Credit Union, not surprisingly views the services offered by credit unions as the best option for customers seeking higher returns on deposits and lower rates on loans.
2008-07-17 10:26:25 -
Freddie Mac mulling $10 bn share offer (The Economic Times)
Mortgage giant Freddie Mac is considering raising capital by selling as much as $10 billion in new shares to investors, a US daily reported.
2008-07-17 10:38:38