Mortgage and Financial News From 2007-11-25 Page 17
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Veteran nearly overcharged for home refinance
Edmond Sun - EDMOND — This past week I received a phone call from a customer for whom I had provided 100 percent V.A. purchase money financing early this year. He asked if I had a few minutes to discuss a refinance offer he had received in the mail. The offer ...
2007-11-24 09:35:00 -
Senate not giving borrowers much help
San Francisco Gate - Meanwhile, the Senate stalled legislation that would strengthen the Federal Housing Administration's mortgage programs - a key resource for people who need to refinance out of adjustable-rate loans with rapidly escalating monthly payments into ...
2007-11-25 01:53:00 -
Veteran nearly overcharged for home refinance (The Edmond Sun)
This past week I received a phone call from a customer for whom I had provided 100 percent V.A. purchase money financing early this year.
2007-11-24 10:22:17 -
Martinez signs onto bill to help homeowners
Florida Times-Union - ... to $100,000 from their IRA or 401(k) accounts so they can make payments preventing foreclosure, or refinance into a more affordable mortgage ... payments, said Rick Meigs, president of 401khelpcenter.com, an Oregon-based company that provides information ...
2007-11-22 03:54:00 -
Nightmare economic scenario looms
Arizona Daily Sun - NEW YORK (AP) -- When Domenico Colombo saw that his monthly mortgage payment was ... The hopes that went along with those mortgages -- that they'd be able to refinance ... are responsible for the opinions they express and the accuracy of the information ...
2007-11-24 08:42:00 -
Foreclosure surge hits every corner of Tucson
Arizona Daily Star - A former account executive for a mortgage lender, he could no longer afford the ... during the first nine months of this year, according to foreclosure information ... Some also used risky loans to refinance their mortgages and lower their payments or ...
2007-11-24 10:39:00 -
The fight against foreclosure
Cincinnati Enquirer - ... numbers of families here and nationwide, affected by the nation's mortgage crisis ... including social networking and forums for citizens to share ideas and information. ... But some lenders say they won't or can't refinance loans," Busch says. "Some would ...
2007-11-25 02:14:00 -
Losses: 2,673 and rising
Worcester Telegram & Gazette - DiLeo of Worcester didn’t let a slick-talking mortgage broker pressure them into ... would-be homeowners with spotty credit took out such loans expecting to refinance ... We’re trying to get as much information on the front end in terms of what ...
2007-11-25 01:17:00 -
Credit report freeze can stop ID theft (The Arizona Republic)
Arizonans now can voluntarily lock their credit files to thwart identity thieves. But the process can be costly and doesn't make sense for everyone.
2007-11-24 06:46:48 -
Default threat ignites scams (Boston Globe)
J.D. Smith's desperate bid to keep his Roxbury condo comes as a cautionary tale for the rapidly growing ranks of Massachusetts residents facing foreclosure.
2007-11-25 12:36:46 -
What to do if you're facing foreclosure (Everett Herald)
This week's column is another departure from my normal Q&A format. I'd like to try to help some homeowners who may be facing foreclosure because of a mortgage loan program that they can't afford.
2007-11-25 12:10:43 -
The fight against foreclosure (The Cincinnati Enquirer)
The phrase "Home for the holidays" is taking an ironic twist this season, as increasing numbers of families nationwide, affected by the nation's mortgage crisis, are struggling to keep from losing those homes to foreclosure.
2007-11-25 02:47:18 -
Bankruptcy law pushing up foreclosures
Arizona Daily Star - We have people walking away from homes because they can't afford them even post bankruptcy," said Sommer, a Philadelphia-based bankruptcy attorney. "Their mortgage rates are resetting at levels that are completely unaffordable, and there's nothing ...
2007-11-24 10:39:00 -
Mortgage rates fall to six-month low
Denver Post - Mortgage rates sank last week, with rates on 30-year mortgages dropping to a six-month low, a spot of welcome news to would-be home buyers. Freddie Mac, the mortgage company, reported Wednesday, that 30-year, fixed-rate mortgages averaged 6.20 ...
2007-11-23 03:53:00 -
It's a return to the good ol' 30-year fixed-rate mortgage
Orlando Sentinel - Mortgage Rates It's a return to the good ol' 30-year fixed-rate mortgage ... Mortgage bankers eagerly are going back to basics before Congress makes it a requirement. At the annual convention of ...
2007-11-25 01:17:00