Mortgage and Financial News From 2008-8-2 Page 9
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Fed likely to "sit tight'' on interest rates next week (Orange County Register)
But why? Here's what 5 local experts expect.
2008-08-02 03:08:29 -
8/2/2008 6:24:00 AM The Trader: Merrill's Confession May Mark The Bottom (CattleNetwork.com)
As head of Merrill Lynch and the former chief of the New York Stock Exchange, John Thain is a central figure in the U.S. financial world. So might his public surrender mark the capitulation of financial markets?
2008-08-02 05:26:53 -
Foreclosure relief law hides deduction on property tax (The Oklahoman)
WASHINGTON — The giant federal housing and foreclosure relief legislation just enacted contains a little-noticed — but potentially far-reaching — change in real estate tax policy. It would permit millions of homeowners who do not itemize on their federal tax filings to claim a deduction for at least a portion of their local and state property taxes. Though the House version of the bill set the ...
2008-08-02 08:05:17 -
MFA's Town Hall addresses housing concerns (BizJournals)
Among the topics discussed at the Housing Town Hall, hosted by the nonprofit New Mexico Mortgage Finance Authority on Friday, were long commutes and a lack of housing.
2008-08-02 08:53:39 -
Foreclosure crisis hits South Shore families (The Brockton Enterprise)
The foreclosure crisis has ripped 1,031 houses from South Shore homeowners in the past 18 months – almost 500 of them in the first six months of this year. From January to June, 453 homeowners representing every South Shore town except one have faced the heartbreak of losing the roof over their heads. That’s more than twice the number of foreclosed homes in all of 2006, and hundreds more ...
2008-08-02 09:43:10 -
Bush signs mortgage rescue measure - Rocky Mountain News
Barb Cockrum and her grandson, Dylan Cockrum, 12, at their home in the Montbello neighborhood. She likes that the new housing law will require lenders to explain how high payments can go. President Bush signed a housing bill Wednesday intended to ...
2008-07-29 05:55:00 -
Fannie, Freddie seen boosting loss estimates, again - MSN MoneyCentral
NEW YORK (Reuters) - U.S. mortgage market giants, Fannie Mae and Freddie Mac , may report further downgrades to their forecasts for credit losses in their upcoming second-quarter results, starting next week. The government-sponsored enterprises have ...
2008-08-01 04:54:00 -
Banco Pastor H1 net up 18.2 pct, bad loans jump - Forbes
MADRID, July 31 (Reuters) - Banco Pastor said on Thursday that first-half net profit rose 18.2 percent to 124.4 million euros ($193.9 million), just short of analysts' forecasts, while its bad loans rose. 'The slowdown in credit growth and rising bad ...
2008-07-31 01:39:00 -
New housing law means work for brokers, lenders - Daily Oklahoman
• Mortgage loan originator: in general, a person who assists borrowers in obtaining a loan. Under the Oklahoma Mortgage Broker Act: • A mortgage broker is any person who, for compensation or gain, makes or holds himself or herself out to be able ...
2008-08-02 01:58:00 -
Run for Cover - Washington Post
A new form of mortgage finance could help restore financial responsibility. THERE WAS a time when securitized subprime mortgages seemed like an elegant solution to the stubborn lack of liquidity in the housing market for people with less-than-perfect ...
2008-08-01 11:14:00 -
Challenges of a volatile stock market - New York Daily News
The stock market is suffering from extreme mood swings for seemingly small reasons. A hurricane skirts the Gulf of Mexico and stocks rocket euphorically. Bandits in Nigeria attack a pipeline and the market plunges into a depression. Merrill Lynch ...
2008-08-02 02:41:00 -
Finance Has Become the Business of America - Barron's Online
THE BUSINESS OF AMERICA IS BUSINESS , Calvin Coolidge famously declared in the 1920s. But the business of America largely has become finance. Eight-plus decades later on, the material well-being of the nation depends not so much on what it makes and ...
2008-08-01 09:16:00 -
What the housing package could mean to you - San Francisco Gate
The far-reaching federal housing package signed into law Wednesday by President Bush could help tens of thousands hold onto or buy homes across California, critical aid for the state hit hardest by foreclosures. Three components of the Housing and ...
2008-07-31 07:52:00 -
In Lakeland, Obama Says Florida Facing Recession - The Ledger
But he did not make a trip to Munn Park in downtown Lakeland, which for days had been the rumored destination. About 100 adults and children had gathered at the park Friday afternoon hoping to get a glimpse of the Democratic presidential nominee in ...
2008-08-02 05:19:00 -
Identity thieves targeting home equity (Austin American-Statesman)
Homeowners who have significant equity in their homes might be well-advised to check their credit reports frequently.
2008-08-02 07:26:58