Mortgage and Financial News From 2007-11-25 Page 13
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‘Another day older and deeper in debt’ (The State)
At a time when subprime mortgages have triggered turmoil in the housing and credit markets, Robert Manning’s presentation before a group of financial educators last month couldn’t have been timed better. Manning, director of the Center for Consumer Financial Services at Rochester Institute of Technology and author of “Credit Card Nation,” chronicled how our attitude toward debt has evolved. ...
2007-11-24 09:14:41 -
Debt going from disgrace to norm (The Columbus Dispatch)
DALLAS -- At a time when subprime mortgages have triggered turmoil in the housing and credit markets, Robert Manning's presentation before a group of financial educators last month couldn't have been timed better.
2007-11-25 04:22:03 -
EPF withdrawal will spur economy (The New Straits Times--All the News that Matter)
KEPALA BATAS: Monthly withdrawals from EPF savings to service mortgages will not affect the agency's earnings, Second Finance Minister Tan Sri Nor Mohamed Yakcop said yesterday.
2007-11-24 03:24:29 -
No guarantee with monkey market fund, but a pretty safe bet
St. Petersburg Times - Investor Carolyn Sewell of Inverness worries about "getting a high interest rate ... She says only one money fund has "broken the buck," falling below $1 a share ... Problems in the mortgage market have hurt the prices of all kinds of asset-backed ...
2007-11-25 02:21:00 -
Blame the borrowers? Not so fast
Santa Rosa Press Democrat - And yet, the NeighborWorks borrowers aren't experiencing the same mortgage woes as ... NeighborWorks' borrowers were at least 30 days' delinquent on their loans, only ... that they were not the so-called affordability mortgages, with adjustable interest ...
2007-11-25 04:45:00 -
A storm is brewing in bedsit land
Daily Telegraph - Not only have many of us exhibited blind faith in the propensity for house ... Anyone who fails to meet their mortgage payments and ends up having their property ... landlords has fallen as low as two per cent - far less than they pay in interest ...
2007-11-25 03:47:00 -
The dwindling dollar takes toll on Europe
Times Online - ... the dollar since August when the sub-prime mortgage crisis triggered a melt-down in the credit markets. On Friday speculation that Ben Bernanke, Federal Reserve chairman, would soon cut interest ... outsourcing and offshoring – but “there is only ...
2007-11-25 05:13:00 -
Surge in prices keeps interest rates at a peak
Scotsman - INTEREST rates are unlikely to fall for several months, experts predicted yesterday ... since the summer credit crunch and the financial crisis which engulfed mortgage ... That is the ONLY reason. Fuel tax should be halved. Let's bring the country to ...
2007-11-25 02:14:00 -
The law needs changing says grieving Rosemary
This is Hampshire - As it is the £100 a week leaves her with just under £50 a month, after paying her interest-only mortgage. "The only reason I managed to keep our house was because George wrote a will," said Rosemary. If he hadn't done that goodness knows where I ...
2007-11-25 02:36:00 -
Best advice: Always use real estate agent
Miami Herald - Worse, when the home seller is ''upside down,'' meaning the mortgage balance exceeds the home's market value, there are only two ways to sell that home. ... your title to your wife, who is over 62. But then you wouldn't hold any ownership interest in the ...
2007-11-25 04:16:00 -
Have we seen worse of mortgage crisis? (Muzi)
When Domenico Colombo saw that his monthly mortgage payment was about to balloon by 30 percent, he had a clear picture of how bad it could get. His payment was scheduled to surge by an extra $1,500 in December.
2007-11-24 07:05:14 -
New wave of mortgage failures could create a nightmare economic scenario (KATU Portland)
In the months ahead, millions of adjustable-rate mortgages will reset, giving them a higher interest rate as required by the loan agreements and leaving many homeowners unable to make their payments.
2007-11-24 12:52:33 -
Not only the pious are drawn to interest-free Islamic banking (Taipei Times)
Rising oil wealth is lifting Islamic banking -- banking that adheres to the laws of the Koran and its prohibition against charging interest -- into the financial mainstream.
2007-11-24 12:14:24 -
News Minute: Syria to attend Annapolis conference...Baghdad bombings ...
WDAM-TV - The Latest in House and Home House & Home Main Today's Mortgage Rates In the Know Movie Listings Personal Finance This Week in Money Money Home For ... Associated Press - November 25, 2007 9:03 AM ET DAMASCUS, Syria (AP) - Syria has announced that it will ...
2007-11-25 03:40:00 -
U.S. subprime crisis to worsen as loan rates reset: WSJ (Chinapost.com.tw)
The U.S. subprime mortgage crisis is to worsen in the coming year with the number of foreclosures and home-loan defaults set to spike because of automatic interest rate rises, The Wall Street Journal reported Saturday.
2007-11-24 08:29:06