Mortgage and Financial News From 2008-1-13 Page 61
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Social-lending trend comes with a few risks (Miami Herald)
In the wake of the subprime mortgage meltdown, traditional financial institutions have tightened rules for who gets to borrow money. But some people are still finding ways to borrow the money they need, thanks to another area of lending that is booming.
2008-01-13 12:32:45 -
Building Savings, Attacking Debt (The Morning News)
Danny and Amber Steele were living the all-American dream when he died unexpectedly at age 36.
2008-01-13 12:35:21 -
Home loan reforms planned (Baltimore Sun)
O'Malley seeks changes to address foreclosure threat Kue McIntyre of Northeast Baltimore fell behind on her mortgage payments, but she didn't know how dire the situation had become until a housing advocacy group called to ask if she needed help fighting her foreclosure.
2008-01-13 12:36:05 -
Few Dallas County homeowners fight property tax appraisals
Dallas Morning News - ... only 7 percent of Dallas County homeowners protested their taxable home ... The money is escrowed and paid by their mortgage company. "They don't pay ... homeowners passed in 2006 by the Legislature that reduced school tax rates ...
2008-01-12 10:24:00 -
We'll help you – Swan
News.com.au - All major banks last week ignored warnings from Mr Swan and lifted their variable home rates in response to higher funding costs related to the global credit crunch sparked by the US sub-prime mortgage crisis. The banks acted ahead of any decision to ...
2008-01-12 10:53:00 -
Fifty years of school levies - Canton Repository (subscription)
Fifty years of school leviesCanton Repository (subscription), OH - 2 hours agoShe said she’s watched her mortgage increase $300 a year due to property tax hikes. When they reach school age, her two children will attend Lake Local ...
2008-01-12 09:12:01 -
Dismal economic trends - Washington Times
Dismal economic trendsWashington Times, DC - 2 hours agoA good part of America's consumption binge in recent years was made possible by home-equity loans and so-called "mortgage equity withdrawals (MEW)," which ...
2008-01-12 09:34:02 -
Govt to make it easier to swap lenders - The Age
Govt to make it easier to swap lendersThe Age, Australia - 2 hours agoThe federal government will try to reduce the impact of rising home loan interest rates by making it easier for borrowers to switch lenders. ...
2008-01-12 09:55:53 -
Fontana's north end center of foreclosures - Inland Valley Daily Bulletin
Fontana's north end center of foreclosuresInland Valley Daily Bulletin, CA - 1 hour agoHe has watched other residences fall into disrepair as they sit untended by the banks and mortgage companies that own them. "They're just eyesores," he said ...
2008-01-12 10:17:22 -
Gold prices to rise more - Arab Times
Gold prices to rise moreArab Times, Kuwait - 1 hour agoHedge and pension funds, along with other long-term investors, also flocked to gold as the mortgage and credit crisis in the US intensified. ...
2008-01-12 10:47:29 -
More News (San Bernardino Sun)
FONTANA - The north end of the city, which once attracted droves of home buyers looking to purchase luxury houses in developments touting palm trees, pools and a nearby golf course, is now the epicenter of foreclosures in San Bernardino County.
2008-01-12 10:53:04 -
Auto show aims to rev up industry (The Clarion-Ledger)
There is glitz, gleam and endless oohs and ahhs expected from the miles of metal on display at the North American International Auto Show.
2008-01-12 11:21:28 -
Govt to make it easier to swap lenders (The Star)
The federal government will try to reduce the impact of rising home loan interest rates by making it easier for borrowers to switch lenders. Treasurer Wayne Swan said he was investigating how to shield borrowers from tough fees if they chose to refinance their loans.
2008-01-12 11:36:57 -
More banks likely to hike rates: experts (Nyngan Observer)
Interest rate rises from the rest of the major Australian banks are inevitable, according to analysts, despite pressure from the federal government and trade unions to remain steadfast.
2008-01-12 11:55:05