Mortgage and Financial News From 2008-7-12 Page 2
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2 treasurer candidates have seen highs, lows in business (The Bulletin)
SALEM ’ Ben Westlund found financial success selling bull semen and mining cat litter, but also was involved in money-losing ventures, such as a minor league baseball team and a sawmill in Washington state.Allen Alley co-founded a high-tech company and raised tens of millions from investors, but management decisions under his watch as chief executive were blamed for later sending the company ’ ...
2008-07-12 04:15:21 -
Foreclosures up slightly in Larimer County; sales decline | By Marisa Beahm Loveland Reporter-Herald (Loveland Reporter-Herald)
Homebuyers interested in seizing low-priced real estate could be stymied by bad credit scores. While lower-priced homes are one result of the foreclosure crisis, another result is stricter mortgage lending standards that require loan applicants to have high credit scores to receive competitive rates.
2008-07-12 05:09:35 -
Fannie Mae, Freddie Mac debt soars on takeover talk (Khaleej Times)
NEW YORK - Debt of Fannie Mae FNM.N and Freddie Mac FRE.N soared in their best one-day gain in history on Friday amid speculation that a government takeover of the housing giants would make the bonds more like ultra-safe U.S. Treasuries.
2008-07-12 06:30:47 -
You run from high rates but then the charges whack you (Independent)
The rising cost of mortgage rates has hardly been out of the headlines in recent months but a more punishing measure of inflation for homebuyers and remortgagers has largely escaped the consumer radar: mortgage arrangement fees.
2008-07-12 04:26:51 -
Economic View: Crashes aren't good for us but at least we'll find the floor. And by 2010 we could be looking up (Independent)
The house price correction is happening faster than anyone expected – but is that good or bad for the economy as a whole?
2008-07-12 04:28:02 -
ANZ hikes interest rates - News.com.au
ANZ Banking Group Ltd has lifted its standard variable mortgage rates by 15 basis points. From July 14, the bank's standard variable rate home loan will be 9.62 per cent.
2008-07-11 01:27:00 -
Adjustable rates were a gamble - AZCentral.com
The current problems with mortgages and foreclosures are unfortunate. In those cases where people signed up for adjustable mortgage rates, however, it seems like asking casino management for a place to stay or fare home after you lost everything at ...
2008-07-12 04:35:00 -
Ripple Effects From Fannie And Freddie - Washington Post
Resize If you're thinking of buying or refinancing a home, expect to see a rise in mortgage rates, the experts said. But if you already have a mortgage, even one backed by Fannie Mae or Freddie Mac, you should have nothing to fear as long as you have ...
2008-07-12 06:23:00 -
How can we shuffle the pack as card rates soar? (Independent)
With the UK banking system still gripped by the credit crunch, it's now the turn of card borrowers to feel the interest rate pain.
2008-07-12 04:28:53 -
HOUSING: More seniors tapping equity as economy lags (North County Times)
As rising food and gasoline prices choke budgets, more and more older homeowners are turning to reverse mortgages to draw money out of their homes.
2008-07-12 06:38:31 -
World markets braced for more falls after US mortgage collapse - The Independent
Fears of a meltdown in the US mortgage market are likely to stoke further falls in the value of equities this week, with billions of pounds expected to be wiped from company values around the world.
2008-07-12 03:59:00 -
Long Protected by Washington, Fannie and Freddie Ballooned - New York Times
As the Bush administration scrambles to address the sudden decline of the country’s two largest mortgage finance companies, some of their longtime critics say the crisis has been building for years. Among them is Jim Leach , a Republican former ...
2008-07-12 03:59:00 -
In IndyMac's Wake, Are Fannie Mae and Freddie Mac Safe? - ABC News
Fannie Mae and Freddie Mac are private companies with deep ties to the government. How will the troubled states of Fannie Mae and Freddie Mac affect the economy? Fannie Mae was created during the Depression as part of the New Deal as a way to revive ...
2008-07-12 04:35:00 -
Investors push Fannie-Freddie to the brink... (Gulf Daily News)
WASHINGTON: As panicked investors pushed US mortgage finance giants Fannie Mae and Freddie Mac to the brink, debate swirled on whether the meltdown was a crisis of confidence or the onset of wider economic woes.
2008-07-12 05:11:45 -
Profit warnings fuel recession fear (Press Assoc. via Yahoo! UK & Ireland News)
There has been fresh fear over a potential recession after the number of firms issuing second-quarter profit warnings soared to a seven-year high.
2008-07-12 05:17:28