Mortgage and Financial News From 2008-1-30 Page 15

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  • UT Financial Expert Gives Refinancing Tips

    KXAN - Michael Brandl, a financial expert at the University of Texas, said it is not a good time to refinance your home. Brandl said that unless you can get a significantly lower rate, cover your closing costs and most importantly get a fixed rate mortgage ...
    2008-01-30 01:42:00
  • U.S. home foreclosure figures soar

    Bradenton Herald - Last year's explosion in foreclosure activity came amid a worsening housing downturn, as falling home values ate into homeowners' equity, making it harder for many to refinance into more affordable loans or to find buyers. Those options had helped ...
    2008-01-30 01:56:00
  • Lawmakers Look to Tactic From S& L Crisis

    Washington Post - The suggestion to use taxpayer dollars to buy risky mortgages and refinance them for financially distressed homeowners is particularly sensitive. The Home Owners' Loan Corporation , as it is called, would offer to buy mortgages at steep discounts from ...
    2008-01-30 08:08:00
  • MuniMae Delisting Planned for Feb. 6 - Forbes

    MuniMae Delisting Planned for Feb. 6Forbes, NY - 5 hours ago... Equity LLC said Wednesday its shares will be delisted from the New York Stock Exchange in a week, and said a subsidiary refinanced a home loan bond. ...
    2008-01-30 02:56:40
  • Fed Does Its Duty - Investor's Business Daily (subscription)

    Fed Does Its DutyInvestor's Business Daily (subscription) - 3 hours agoIts rate cuts will lower the cost of capital for businesses and make it easier for hard-pressed homeowners to refinance, thus easing the housing crunch. ...
    2008-01-30 05:07:34
  • S&P Lowers or May Cut $534 Billion of Subprime Debt (Update4) - Bloomberg

    S&P Lowers or May Cut $534 Billion of Subprime Debt (Update4)Bloomberg - 3 hours agoHome prices in 20 US metropolitan areas fell 7.7 percent in November, the 11th consecutive month of declines, according to the S&P/Case-Shiller home-price ...
    2008-01-30 05:19:26
  • Market recovers ground at noon - Courier Mail

    Market recovers ground at noonCourier Mail, Australia - 2 hours agoMaking news, property investment company Goodman Group has refinanced a maturing loan with a new $800 million facility. Goodman shares lifted 15 cents to ...
    2008-01-30 06:14:13
  • Fed Cuts Interest Rate By Half Point - WIBW

    Fed Cuts Interest Rate By Half PointWIBW, KS - 1 hour agoLenders say the rush to refinance is on. But low rates have not kept home sales or prices from sliding. "The housing market's still looking for a bottom and ...
    2008-01-30 06:40:17
  • Economists paint bleak year for Inland area - Press-Enterprise

    Economists paint bleak year for Inland areaPress-Enterprise, CA - 1 hour agoIt said such borrowers may not be able to get sufficient appraisals on their homes to refinance. Or under today's stricter lending guidelines, they may lack ...
    2008-01-30 07:02:41
  • Interest rates lowered again (WSAV Savannah)

    The Federal Reserve took more action Wednesday to jump start the economy, lowering interest rates for the second time in eight days. The Fed cut two key interest rates by half a percentage point, including the federal funds rate (what banks charge each other).
    2008-01-30 04:46:00
  • How the rate cut will affect you (Newsday)

    With the Federal Reserve Board's second rate cut in two weeks, many borrowers will feel relief or be able to seize short-term opportunities. But many savers will lose as interest on their money market and other bank accounts fall further. Newsday staff writer Ellen Yan spoke to several local experts about how the rate cuts will trickle down to consumers:
    2008-01-30 05:23:05
  • S&P Lowers or May Cut $534 Billion of Subprime Debt (Update4) (Bloomberg.com)

    Jan. 30 (Bloomberg) -- Standard & Poor's said it cut or may reduce ratings on $534 billion of subprime-mortgage securities and collateralized debt obligations, the most sweeping action in response to rising home-loan defaults.
    2008-01-30 05:35:59
  • Economists paint bleak year for Inland area (The Press-Enterprise)

    Chapman University's annual economic forecast released this week paints a bleak 2008 for Riverside and San Bernardino counties, with further slowing in the growth of employment, sales and personal income.
    2008-01-30 07:15:53
  • Home prices in record decline (North County Times)

    SAN DIEGO -- County home prices dropped by a record amount in November, falling 3.4 percent in just one month, according to a report released Tuesday.
    2008-01-30 08:24:05
  • Knoxville (WVLT) Tennessee is feeling more of the burn from the ...

    WVLT - Joe Garrison, with Consumer Credit Counseling Service says, "as far as to try to say, now's the time to ... Garrison says a foreclosure auction could get you a home simply by paying off the old mortgage. But, because so many of those bad loans came ...
    2008-01-30 02:03:00