Mortgage and Financial News From 2008-1-25 Page 58

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  • (Adds delinquencies, background)

    Reuters - NEW YORK, Jan 24 (Reuters) - Freddie Mac (FRE.N: Quote , Profile , Research ), the second-largest U.S. provider of home loan financing, on Thursday said its portfolio of mortgages increased at a 28.6 percent annualized rate in December to $718.1 ...
    2008-01-24 07:37:00

  • Federal stimulus package raises conforming loan limit

    North Bay Business Journal - Buyers typically make up the difference through privately backed, second mortgages, but those “non-conforming” loans have become more expensive and difficult to obtain because of recent trouble in the mortgage markets. Those financing troubles ...
    2008-01-24 02:46:00

  • Barack Obama agrees with me

    Salon - Serina Rankins, a single mother from Vallejo who works as a paralegal, told of being caught in the subprime mortgage mess, now paying $2,800 a month on her first and second mortgages, plus another $700 on childcare. "That's $3,500 before food and ...
    2008-01-24 12:23:00

  • Mortgage rates lowest since in nearly 4 years

    MSNBC - WASHINGTON - Rates on 30-year mortgages dropped for a fourth straight week to the lowest level in nearly four years, raising hopes that low rates will help spur a rebound in the hard-hit housing industry. Freddie Mac, the mortgage company, reported ...
    2008-01-24 03:01:00

  • Mortgage rates fall for fourth straight week - San Diego Union Tribune

    Mortgage rates fall for fourth straight weekSan Diego Union Tribune, United States - 1 hour agoAssociated Press San Diego's Overland Storage posted a second-quarter net loss of $6.5 million, or 51 cents per share, compared with a loss of $8.89 million ...
    2008-01-25 02:42:05

  • Abramson: Mortgage crisis ignored early on - Louisville Courier-Journal

    Abramson: Mortgage crisis ignored early onLouisville Courier-Journal, KY - 1 hour agoIn the second half of last year, the new alliance aided 370000 homeowners, she said. She urged those in trouble to use a national counseling hotline: ...
    2008-01-25 03:00:47

  • Turmoil in the global market affects us all - Scotsman

    Turmoil in the global market affects us allScotsman, United Kingdom - 1 hour agoThe second is that the Britain and Europe can protect itself from what is happening in the United States. The third is that intervention by governments are ...
    2008-01-25 03:01:11

  • Gateway Financial Holdings Reports FY 2007 Net Income of $11 ... - CNNMoney.com

    Gateway Financial Holdings Reports FY 2007 Net Income of $11 ...CNNMoney.com - 1 hour agoGateway Bank Mortgage commenced operations during the second quarter of 2006. The increase in other income was primarily the result of a gain in the fair ...
    2008-01-25 03:08:32

  • H2B Visas Vex Businessmen - Martha's Vineyard Gazette

    H2B Visas Vex BusinessmenMartha's Vineyard Gazette, MA - 1 hour agoAnd we are concerned that they have financial obligations, mortgages, sending kids to school.” He said among the options being considered if the hotel could ...
    2008-01-25 03:09:55

  • Tax rebates likely in spring - Modesto Bee

    Tax rebates likely in springModesto Bee, CA - 39 minutes agoUntil now, these entities couldn't buy and package mortgages larger than $417000. This limit locks out much of California, where the median home price is ...
    2008-01-25 03:54:41

  • Bank uncovers $7 billion fraud - Columbus Dispatch

    Bank uncovers $7 billion fraudColumbus Dispatch, OH - 37 minutes agoThe bank, France's second-largest, said yesterday that it had learned of the fraud last weekend. And the timing could not have been worse: The bank was ...
    2008-01-25 03:57:34

  • Merrill Lynch `Very Well Positioned,' Thain Says (Update3) - Bloomberg

    Merrill Lynch `Very Well Positioned,' Thain Says (Update3)Bloomberg - 35 minutes agoMerrill, the world's biggest brokerage, last week reported the record loss after $16.7 billion of writedowns on assets affected by subprime mortgages. ...
    2008-01-25 03:58:38

  • Brits buying abroad increases - Easier (press release)

    Brits buying abroad increasesEasier (press release), UK - 35 minutes ago... or second form of income. CRETE – Off plan apartments from £71121/98000 euros with bungalows from £172415/240000 euros. 70% mortgages are available. ...
    2008-01-25 03:58:51

  • Guidelines improving fairness for customers - Saveborrowspend.co.uk

    Guidelines improving fairness for customersSaveborrowspend.co.uk, UK - 27 minutes agoPeter O'Donovan, mortgage manager for Bestinvest, said TCF was helping buyers to navigate "the minefield that is the mortgage market at the moment". ...
    2008-01-25 04:06:43

  • The Deal: Billions in Rebates: Bush, House Leaders Agree, but ... - RedOrbit

    The Deal: Billions in Rebates: Bush, House Leaders Agree, but ...RedOrbit, TX - 25 minutes agoThe Dow Jones industrial average finished the session up more than 100 points, its second straight gain after several days of big losses. ...
    2008-01-25 04:08:53

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