Mortgage and Financial News From 2008-2-26 Page 12

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  • Fitch Announces Various Rating Actions on Mortgage Insurers

    Insurance News Net - ... with the additional risk of untested loan products layered on top (i.e., negative amortization or interest-only ... through its structured mortgage insurance business line as well as Radian Group's exposure to net interest margin and second-lien mortgage ...
    2008-02-25 09:43:00

  • Tax Credits -- It's All About The Green

    NBC4 Columbus - When I see people with just one mortgage interest statement, I typically question them and ask if there's another because it's so commonplace," Brenneman said. Deductions are available on the Schedule A Form only, which is a little more complicated ...
    2008-02-26 07:55:00

  • Preparing a return without a W-2

    Baltimore Sun - It seems we pay so much in taxes every year, and the only savings we can realize are the mortgage interest and taxes. There has to be a better way.
    2008-02-25 01:22:00

  • January foreclosures up 57%

    CNN Money - Many mortgage-assistance efforts simply give borrowers a chance to pay off missed payments, rather than lowering monthly ... Even more exotic products, such as interest-only loans, where balances don't shrink, or, worse yet, option ARMs, where balances ...
    2008-02-26 06:08:00

  • Unsecured Loans - Money When You Need Most

    Best Syndication - You can get a secured loan only when you have certain assets, what if you don’t have any? ... Current Mortgage Interest Rates Calculator in US Refinance Mortgage Information
    2008-02-26 12:20:00

  • California venture buys Naperville strip center

    Crain's Chicago Business - The mortgage was interest-only until last year, when it began requiring principal payments as if the mortgage was on a 30-year amortization schedule.
    2008-02-26 11:01:00

  • Local mortgage lenders adjust to new era

    Santa Cruz Sentinel - People with interest-only mortgages have to figure out what to do in two and a half years, she said. By then, their mortgage will have grown to a trigger point where the lender will demand payment.
    2008-02-26 06:08:00

  • Bernanke Fails to Cut Loan Rates for Most Americans (Update1)

    Bloomberg - ... report showed 85 percent of banks raised qualifications for so-called non-traditional loans, such as interest-only mortgages, compared with 60 percent in the October survey. ``Everyone is afraid,'' said Shaughnessy of Foundation Mortgage ...
    2008-02-26 09:14:00

  • Examiner.com Related Articles: (The San Francisco Examiner)

    Tuesday's advance extended a rally that began Monday when Standard & Poor's affirmed the AAA ratings for troubled bond insurers Ambac Financial Group Inc. (
    2008-02-26 11:54:13

  • Tax relief arrives for some with recent legislation (The Business Ledger)

    Editor's note: David has over 20 years of experience in all aspects of auditing, taxation and financial planning. He is a partner at Wheeler, Wolfenden & Dwares, Certified Public Accountants and heads the Tax group at the Firm. Dave can be reached by telephone at (302) 254-8240 or by email: dwolfenden@wwd-cpa.com
    2008-02-26 11:57:45

  • Kohn Says Slow Growth `Greater Threat' Than Inflation (Update2) (Bloomberg.com)

    Feb. 26 (Bloomberg) -- Federal Reserve Vice Chairman Donald Kohn said turmoil in credit markets and the possibility of even slower economic growth pose a ``greater threat'' than inflation.
    2008-02-26 12:06:49

  • Economists See Inflation As Risk To Fed's Balancing Act (Nasdaq)

    WASHINGTON -(Dow Jones)- The U.S. Federal Reserve is facing an increasingly difficult balancing act of trying to help the economy and markets without further stoking inflation, economists told lawmakers Tuesday.
    2008-02-26 12:28:47

  • Homeowners battling negative equity (Baltimore Examiner)

    Some are recent homebuyers, who bought a home in the last two years expecting to flip it in short order. Others are long-time homeowners who, in the words of one real estate expert used their home "like an ATM," depleting its equity.
    2008-02-26 12:37:48

  • Crisis and Opportunity: An Interview with Casey Research Chief Economist Bud Conrad (Kitco.com)

    The Gold Report recently caught up with Casey Research Chief Economist Bud Conrad, who will be a featured speaker at Casey's Crisis & Opportunity Summit in March.
    2008-02-26 12:44:06

  • Yao To Miss Rest Of Season With Stress Fracture (NBC 5 Chicago)

    The Houston Rockets announced Tuesday afternoon that center Yao Ming will miss the rest of the season with a stress fracture in his left foot.
    2008-02-26 12:48:34

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