Mortgage and Financial News From 2008-5-12 Page 5
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Analysis: It's make a deal time for housing bill - Boston Globe
WASHINGTON— Watch what they do, not what they say. When President Bush promised to veto Democrats' homeowner rescue bill, it may have sounded like the measure was dead. But in a competitive election year clouded by a crippled economy, Republicans ...
2008-05-12 01:30:00 -
Will Bush Join the Housing Bailout Bunch? - US News and World Report
"They change their minds everyday," is how one lobbyist described to me the White House's thinking about whether to veto congressional housing legislation or work on a compromise. Last week, the House, including a fifth of Republican members, passed ...
2008-05-12 11:35:00 -
Housing bailout: Little cost but also little help - CNN Money
NEW YORK (CNNMoney.com) -- A congressional proposal to have the government help homeowners refinance mortgages they can no longer afford will only help a small fraction of those who are at risk of losing their homes. But because so few at-risk ...
2008-05-12 02:13:00 -
All signs point to a slowdown - News.com.au
THE housing market has slowed to its lowest level in three years and business confidence is slipping, adding to the growing economic slowdown. But the Reserve Bank of Australia needs the downturn to be longer and deeper before interest rates start ...
2008-05-12 08:01:00 -
Tax assessors boggled by housing dip - Atlanta Journal Constitution
Step up in price to $20,000 and your choices expand 10 fold. The prices seem absurd but they are part of a real estate market suffering with rampant foreclosures, mortgage fraud, abandoned investor properties, a collapsing mortgage industry and other ...
2008-05-12 01:37:00 -
2 sentenced in Twin Cities bank fraud of more than $2.3 million - Minneapolis Star Tribune
Two of six defendants have been sentenced for their part in mortgage fraud that cost Twin Cities area banks more than $2.3 million. Sentenced Friday in U.S.
2008-05-12 05:45:00 -
5 new rules for home buyers - CNN Money
(Money Magazine) -- There's no telling how long the housing crisis will drag on. Here's what you need to know before you start shopping in a rocky market. Rule 1: You can't time the bottom Face it: The house you buy today will more than likely be ...
2008-05-12 01:37:00 -
US mortgage rates rose 1/8 pt on Monday - BestInfo - Reuters
NEW YORK, May 12 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points rose 1/8 percentage point on Monday to 6-1/8 percent, according to BestInfo Inc. The 30-year mortgage rate with one upfront point increased by 1/8 ...
2008-05-12 01:08:00 -
Facial-recognition software trips up 2 in fraud probe: prosecutor - Chicago Sun-Times
Facial-recognition software nabbed two men who tried to obtain multiple fraudulent IDs under different names from the Illinois secretary of state's office, a prosecutor said Sunday. The men are linked to a "multimillion-dollar mortgage fraud case ...
2008-05-12 05:52:00 -
Brown blamed for rising mortgage repossessions - Politics.co.uk
Mortgage possession claims in Britain have jumped upwards, figures from the Ministry of Justice (MoJ) show. During the first quarter of 2008 some 38,688 claims were issued by UK lenders. In comparison some 35,662 mortgage possession claims were ...
2008-05-08 05:59:00 -
Fannie Mae Redemption - Forbes
WASHINGTON, May 12 /PRNewswire-FirstCall/ -- Fannie Mae (NYSE: FNM) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal ...
2008-05-12 06:06:00 -
Recap of Saturday, May 10 - FOX News
disclaimer: the following "cost of freedom recap" contains strong opinions which are not a reflection of the opinions of fox news and should not be relied upon as investment advice when making personal investment decisions.
2008-05-12 10:17:00 -
Trying to survive a sub-prime squeeze - Los Angeles Times
Bad financial decisions and poor timing have landed Alicia Cardenas smack in the middle of the nation's sub-prime mortgage mess. The single mother of three could qualify only for a high-interest loan when she refinanced two years ago to pay off a ...
2008-05-10 11:48:00 -
Douglas to highlight mortgage assistance plan - Burlington Free Press
Gov. Jim Douglas will talk about the new Vermont Mortgage Assistance Program for those who are at risk for defaulting on a mortgage, at 10:30 a.m. at the Department of Banking, Insurance, Securities and Health Care Administration in Montpelier ...
2008-05-12 08:08:00 -
PMI reports $274 million loss in first quarter - San Francisco Business Journal
Refinancing rescues Children's from rising debt cost [Columbus] Mortgage storm dragging PMI down [East Bay] PMI Group sued in two securities class actions [East Bay] Mortgage insurer the PMI Group Inc. lost $274 million in the first quarter. A year ...
2008-05-12 09:05:00