Mortgage and Financial News From 2008-2-14 Page 01

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• Industry cutting back on refinance offerings

  Arlington Heights Daily Herald - Now it's the mortgage insurance industry: Entire product lines are being yanked off the real estate financing shelf ... And don't even think about payment-option plans, interest-only, negative amortization and other funny money techniques that ...
  2008-02-14 10:21:00

• Guides for Mortgage Newsletter

  Colleyville Courier - Find List of Low Interest & Easy Mortgage & Loan Programs. Act Now. http://MortgageLoanStrategy.info/ Do You Need a Customized Newsletter ... Offer a 5-Day/4-Night Cruise4Two for only $159.00 per certificate. Not just an unprecedented deal on a top-name ...
  2008-02-14 06:03:00

• Public trusts Fed, but it can only do so much

  MSNBC - Forty-one percent said that about Congress and only 28 percent said that about ... and he signaled the Fed was prepared to continue lowering a key interest rate to ... not prevent more losses from financial companies that invested in complex mortgage ...
  2008-02-14 12:41:00

• Talk of the day

  St. Petersburg Times - ... until December to put a one-year freeze on growth of the alternative minimum tax, a levy originally meant to hit only ... Form 8396, Mortgage Interest Credit. - Form 8859, District of Columbia First-Time Homebuyer Credit. Oscar show also a big game for ...
  2008-02-14 09:09:00

• Tough Math on the Hilltop

  Washington Post - But in their zeal to shave a couple of hundred basis points off their interest rates ... The new securities proved very popular, not only with Georgetown, which lowered ... by the mountain of losses they faced from the guarantees they sold on mortgage ...
  2008-02-14 08:34:00

• Are Interest Only Loans With High-risk Costs Worth It?

  Best Syndication - Interest-only loans are not a type of mortgage. Interest-only is an option that can be attached to any type of mortgage. Lenders might charge a higher rate for a loan with an interest-only option, because the risk of default is a little higher on ...
  2008-02-14 01:24:00

• Execs resist as Gillard seeks pay-rise freeze

  News.com.au - ... been warned to tighten their pay-rise belts to battle inflation and rising interest ... How well off you are at the end of the week is a function of not only what's in ... the biggest fixed cost they've got in their lives is servicing the mortgage. "So I ...
  2008-02-14 09:52:00

• IMF chief sees Chinese economy growing despite global slowdown

  International Herald Tribune - ... percent this year despite a global slowdown stemming from the U.S. subprime mortgage ... at is trying to explain to the Chinese authorities that it's in their own interest ... Indeed, linkages were very strong, not only through the traditional channel of ...
  2008-02-14 09:09:00

• Fitch Downgrades One Class of BALL 2004-BBA4

  Forbes - Fitch Ratings downgrades Banc of America Large Loans, Inc.'s (BALL) commercial mortgage pass-through certificates, series ... Interest-only classes X-1A, 'AAA', X-1B 'AAA', X-2 'AAA', X-3 'AAA', and X-4 at 'AAA'. Classes A-1, A-2, B, C, D, E and X-5 ...
  2008-02-14 10:18:00

• No recession yet, Greenspan says - Forbes

  No recession yet, Greenspan saysForbes, NY - 3 hours agoThe collapse of the housing market, sour mortgage investments and much harder-to-get credit are weighing heavily on the economy. ...
  2008-02-14 07:16:37

• Asian Stocks Drop on Economic Outlook, Earnings; Samsung Falls - Bloomberg

  Asian Stocks Drop on Economic Outlook, Earnings; Samsung FallsBloomberg - 2 hours ago``The credit crunch triggered by the subprime-mortgage crisis has worsened the situation for Japanese real-estate funds,'' Credit Suisse analysts Masahiro ...
  2008-02-14 09:05:17

• Speech José Manuel González-Páramo: Closing remarks at the Second ... - Edubourse.com (Communiqués de presse)

  Speech José Manuel González-Páramo: Closing remarks at the Second ...Edubourse.com (Communiqués de presse), France - 1 hour agoAs you are aware, the turmoil originated in segments of the financial market that were seemingly unrelated to the Eurosystem’s sphere of interest and were, ...
  2008-02-14 09:29:07

• Shares Down/ Housing Up: Think Again - ABN Newswire (press release)

  Shares Down/ Housing Up: Think AgainABN Newswire (press release), Australia - 1 hour agoWe have a shortage of housing, but against this it is very overvalued, affordability is terrible, mortgage stress is at record levels and interest rates are ...
  2008-02-14 09:34:01

• Clinton continues pushing Obama on debate, economics - Milwaukee Journal Sentinel (subscription)

  Clinton continues pushing Obama on debate, economicsMilwaukee Journal Sentinel (subscription), WI - 1 hour agoObama's plan includes creating a tax credit to cover 10% of a homeowner's annual mortgage interest payments. The battle on the airwaves is the first such ...
  2008-02-14 09:34:56

• Letters for Feb. 15 - MetroWest Daily News

  Letters for Feb. 15MetroWest Daily News, MA - 1 hour agoAs someone who once coached boys basketball at Wilson Middle and continues to have an abiding interest in the town's school sports, it strikes me that Red ...
  2008-02-14 09:37:28

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