Mortgage and Financial News From 2008-2-26 Page 01

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  • Obama and Clinton vie for blue-collar voters in Ohio

    International Herald Tribune - The Democrats need to choose a candidate. We have so much division within the democratic candidates because no one has been chosen. I don’t want it to become a situation where the candidates lose supporters if one or the other don’t get the ...
    2008-02-26 09:35:00

  • Q&A: Overvalued Markets

    Wall Street Journal - But shouldn't we really compare it to the personal incomes in "feeder markets" like ... much more affordable than they were in the 1970s and 1980s because interest rates ... These days, wage inflation won't whittle away the "real" cost of your mortgage debt ...
    2008-02-25 05:57:00

  • Digital Realty Trust, Inc. Reports Full Year and Fourth Quarter 2007 ...

    Earthtimes - ... have raised over $1.0 billion from our increased revolving credit facility, mortgage ... defaults on or non-renewal of leases by tenants; increased interest rates and ... of the performance of REITs, FFO will be used by investors as a basis to compare ...
    2008-02-26 07:36:00

  • Q&A: Overvalued Markets; The 'Affordable' Mortgage (WallStreet Journal via Yahoo! Finance)

    People care a lot about real estate prices. A recent column arguing that bubble markets remain heavily overvalued generated a lot of reader interest. Here are responses to some of the most common questions.
    2008-02-25 09:01:46

  • Digital Realty Trust, Inc. Reports Full Year and Fourth Quarter 2007 Results (PR Newswire via Yahoo! Finance)

    Highlights:
    2008-02-26 07:42:00

  • Housing prices fall for 4th month; analysts see chill in spring market

    Boston Globe - A widening credit crunch and fears of recession are scaring off prospective home buyers, prompting predictions by analysts ... Renfrew, who is an agent in Greenfield, in central Massachusetts, noted buyers have many choices at a time when mortgage ...
    2008-02-26 09:17:00

  • Interest rates: The new conundrum

    CNN Money - To be sure, Gumbinger said another factor behind the rise in fixed mortgage rates is the economic stimulus bill, which lifted the limits on the size of the home loans that could be bought and insured by government-sponsored mortgage finance firms ...
    2008-02-25 12:47:00

  • Builder set to abandon Valley lots

    AZCentral.com - Listings Home Sales Home Values Mortgage Rates Mortgage Calculator Columnists Business Blogs The Republic 100 Arizona Business Gazette Data ... A Scottsdale-based home builder is in foreclosure on empty lots it owns in four master-planned communities across ...
    2008-02-26 08:12:00

  • Remodelers get hammered

    Chicago Sun-Times - As more people struggle to pay their mortgage and fewer take out home-equity loans, many homeowners have cut back their spending on remodeling kitchens, replacing windows and other improvement projects. What it means is that homeowners who do have ...
    2008-02-25 01:58:00

  • Lenders in South Florida fed mortage frenzy with risky home loans

    Fort Lauderdale Sun-Sentinel - Familiar names, such as Countrywide, Washington Mutual and JP Morgan Chase, were among the biggest originators of subprime home loans in Broward and Palm Beach counties in 2006, according to data supplied by lenders under the Home Mortgage Disclosure ...
    2008-02-25 03:56:00

  • O'Malley lobbies for bill to aid banks

    The Washington Times - ANNAPOLIS — Gov. Martin O'Malley has made himself the consumer's champion in the home-foreclosure crisis by publicly questioning mortgage lenders about their practices, but has less publicly been lobbying for a bill to allow Maryland-chartered ...
    2008-02-26 09:24:00

  • Bernanke's `Brilliant' Fed Vision Evokes Investors' Frustration

    Bloomberg - As mortgage delinquencies rose to a 20-year high in the third quarter, Fed officials cut the federal funds rate just a quarter-point in October and said they thought inflation risks ``roughly balance'' risks to growth.
    2008-02-26 09:09:00

  • Housing data's bad in Tampa Bay, but it's worse elsewhere

    St. Petersburg Times - Lenders typically consider borrowers delinquent after they fall three months behind on mortgage payments. Falling home values and tighter lending standards have extended the housing slump, making it tougher for homeowners to sell homes they can't ...
    2008-02-26 09:17:00

  • Jacko's Neverland Ranch in Foreclosure

    antiMUSIC - (antiMusic) The home mortgage crisis hit a new milestone today as one of the most well known ranches in America is reportedly in foreclosure. As a result Michael Jackson's Neverland ranch will soon he heading to the auction block. AFP/Google has the ...
    2008-02-26 05:20:00

  • Democrats encounter resistance on mortgage bail out bill

    Palm Beach Post - More evidence of the mortgage crisis' continuing toll came Tuesday when the closely watched S&P/Case-Shiller home-price index showed that home prices were down more than 9 percent in December from the previous year - a record decline.
    2008-02-26 09:02:00

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