Mortgage and Financial News From 2008-2-26
Previous Day: 2008-02-25
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Russia Gazprombank to take $450 mln loan by end-March
Reuters - The funds will be used to refinance debt and for corporate operating expenses. The managers of the deal are the Bank of Tokyo-Mitsubishi UFJ, Barclays, BNP Paribas, ING, Intesa Sanpaolo and SMBC.
2008-02-26 01:57:00 -
Economic Shock: Foreclosures Keep Climbing
ABC News - Many borrowers owe more on their mortgage than their house is worth, or face much higher costs as adjustable-rate loans reset. Owners are often unable to access credit to refinance.
2008-02-26 04:34:00 -
Foreclosure Aid Rising Locally, as Is Dissent
New York Times - In Massachusetts, MassHousing, a quasi-state agency, began a loan refinance program last summer that relies on bond revenue. After its initial public relations effort, the agency had to make clear “that this is not taxpayer-funded,” said Tom ...
2008-02-26 01:43:00 -
Experts say now is time to refinance
Capital News 9 - The numbers are staggering. According to the government, the nation is in the midst of a record plunge. The fourth quarter saw the biggest one-year drop in the rate of home ownership in history. As for the local picture, RealtyTrac, an online seller ...
2008-02-26 12:38:00 -
READERS WEIGH IN ON 1% FHA BAILOUT IDEA
New York Post - This isn't a scientific poll, just the overwhelming response from readers to a plan proposed by Wall Streeter Richard Bove (and mentioned in this column last week) that the Federal Housing Administration refinance defaulting mortgages at an ultra-low ...
2008-02-26 01:07:00 -
Home Foreclosure Rate Jumps In January (CBS 46 News Atlanta)
The number of homes facing foreclosure jumped 57 percent in January compared to a year ago.
2008-02-26 04:28:10 -
Ferrovial Gains Most in Nine Years on Decline in Debt (Update2) (Bloomberg.com)
Feb. 26 (Bloomberg) -- Grupo Ferrovial SA, the Spanish builder that spent $20 billion buying U.K. airport operator BAA, gained the most in almost nine years in Madrid trading after cutting debt and helping assuage refinancing concerns.
2008-02-26 04:43:29 -
Examiner.com Related Articles: (The San Francisco Examiner)
"You have more people going into default and a higher percentage of the properties going back to the banks," said Rick Sharga, RealtyTrac's vice president of marketing.
2008-02-26 04:54:01 -
Candidates not listening to small businesses, group claims
Birmingham News - For more information, see www.nsba.biz/vote. In other news from Capitol Hill: ... Builders also wanted Congress to allow cities and states to issue tax-exempt mortgage bonds that could be used to refinance existing loans for ...
2008-02-24 11:35:00 -
S. Fla. Homeowners Save Money With Loan Modification
NBC 6 - Martin, a homeowner, said she's looking to cut mortgage payments. ... But if you refinance at today's rates, you can save about $700 each month. ... For more information go to JamesRVenney.com or MortgageAdvisorBlog.com
2008-02-24 03:57:00 -
FHA will try to save homes
Fresno Bee - Finance Tools Game Reviews Product Reviews Lowest Gas Prices Tax Information ... and lenders stop offering adjustable-rate and other subprime loans. "I'm doing a refinance for someone who is stuck with a subprime adjustable-rate mortgage ...
2008-02-24 03:57:00 -
Parsing The Predatory Lending Problem
Forbes - The negative amortization mortgage might make sense for a knowledgeable ... payment penalties that make it prohibitively expensive for borrowers to refinance ... Predation can arise when a lender has extra, private information about a borrower's ...
2008-02-25 08:03:00 -
Take steps to bump up your credit score
Springfield News-Leader - But before you start shopping for a new car or mortgage, check your credit reports ... Watch for credit information about someone whose name is similar to yours, or ... But if you plan to refinance within the next few months, order all three credit ...
2008-02-26 12:17:00 -
CHFA Looking for Changes In Loan Program
New London Day - DeRosa declined to offer additional information about the proposed changes, saying ... approved to take loan applications for CT FAMLIES — Webster Bank, McCue Mortgage ... properties they couldn't afford long-term, on the assumption they could refinance ...
2008-02-26 02:40:00 -
US Home Foreclosures Soar in January
AOL - ... standards have extended the housing slump, making it tougher for homeowners unable sell their homes or refinance when they face mortgage ... The information contained in the AP news report may not be published, broadcast, rewritten or otherwise ...
2008-02-26 02:54:00