Mortgage and Financial News From 2007-11-25 Page 15
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The mortgage crisis is about to deepen (The Buffalo News)
NEW YORK — 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.
2007-11-25 04:46:30 -
In search of no- or low-doc loans (The Record)
Self-employed people or those who work on commission have often sought so-called "low-doc" or "no-doc" mortgages: loans that require far less of the financial documentation of income and assets than traditional mortgages do.
2007-11-25 03:59:46 -
Paragon plans to sell book of car loans (Daily Telegraph)
Paragon, the beleaguered mortgage lender, is planning to sell a £140m portfolio of car loans as part of its attempts to avert an emergency rights issue.
2007-11-24 04:19:57 -
Mortgage failure wave hints at nightmare (Tulsa World)
A sign stands outside a home for sale in the Denver market. Some 2 million homeowners across the nation hold $600 billion of subprime adjustable-rate mortgage loans that are due to reset at higher amounts during the next eight months.
2007-11-25 04:54:26 -
Home affordability at 22-year low
News.com.au - HOME affordability is at its lowest in 22 years, with more than a third of families' incomes needed for mortgage repayments. The Deposit Power/Real Estate Institute ... The Economist magazine noted a couple of years back that when interest rates halve ...
2007-11-22 03:54:00 -
SA home affordability shock
News.com.au - HOME affordability is at its lowest level in 22 years, with SA homes costing 34.6 ... More than a third of a family's income needed to make average mortgage repayments ... renters said 'I'm happy with renting, I'm not going to pay high interetst rates ...
2007-11-23 02:24:00 -
Japanese Bonds Post Weekly Gain; Yields Decline to Two-Year Low
Bloomberg - ... Japan's 10-year bonds rose for a fourth week, pushing yields to the lowest in two ... after rating companies downgraded $34.8 billion of securities tied to U.S. mortgage ... Our main scenario is the BOJ to raise rates in February, however the chances are ...
2007-11-22 03:54:00 -
Cash funds, money funds also hit by credit crunch
Philadelphia Inquirer - ... market accounts in the United States, bailed out its Enhanced Reserve cash fund last week as declines in mortgage ... required to maintain $1 net asset values. Enhanced cash funds gained in popularity in 2003, when interest rates plummeted to their lowest ...
2007-11-24 11:51:00 -
Mortgage rates hit 6-month low
Fort Wayne Journal Gazette - That was down from 6.24 percent the previous week and was the lowest rate since the week ending May 10, when rates stood at 6.15 percent. Other mortgage rates also fell. Rates on 15-year fixed-rate mortgages, a popular choice for refinancing, slid to ...
2007-11-25 02:50:00 -
Comparing Credit Card Offers
Click10.com - Just plug in a few numbers, and our analyzer will calculate the true cost — or net interest rate — of each one so you can ... But unlike your mortgage, it really doesn't matter much. Why? Because a fixed rate really isn't fixed at all. All "fixed ...
2007-11-23 06:23:00 -
County pays price when property owners don't
Dallas Morning News - ... to challenge assessments made by the Dallas Central Appraisal District, which sets the values used to calculate ... When people stop paying their mortgage, lenders usually will foreclose quickly and take the house. But many Dallas ...
2007-11-23 03:53:00 -
A tax time bomb: AMT takes aim at middle class (Winona Daily News)
WASHINGTON — Nineteen million middle-class U.S. households will get socked with very costly bills April 15 unless Congress acts soon.
2007-11-24 09:34:28 -
A new take on gift of equity: Turn it into an investment (Los Angeles Times)
Gifts of equity within the family are common. Parents often provide the down payment on their child's first home purchase. Many parents, however, can't afford a sizable gift; among other things, they may be concerned about the adequacy of their assets for retirement. Yet they might welcome an opportunity to help their children if it took the form of a reasonably safe investment yielding an ...
2007-11-25 12:30:31 -
County pays price when property owners don't (Dallas Morning News)
The property tax bill has just arrived in the mail.
2007-11-25 01:05:55 -
Shoppers’ spending spree supports argument against rate cut
Times Online - ... England’s Monetary Policy Committee who argue that an expected cut in interest ... engine of Britain’s economy, and the sector most exposed to the sub-prime ... Shoppers’ spending spree supports argument against rate cut Sub-prime ‘time bomb’ is ...
2007-11-23 03:10:00