Mortgage and Financial News From 2008-2-8 Page 49

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• Water, sewer costs to rise in Berkeley County - Charleston Post Courier

  Water, sewer costs to rise in Berkeley CountyCharleston Post Courier, SC - 10 hours agoThe county has yet to calculate just how much bills will go up. refinance $36 million in water and sewer debt using a "synthetic fixed rate" loan because ...
  2008-02-07 09:54:41

• GUEST COLUMN Easy fixes created housing market mess - Toledo Free Press

  GUEST COLUMN Easy fixes created housing market messToledo Free Press,  USA - 11 minutes agoIn addition, you may have heard of those “interest-only” mortgage loans, or loans with a beginner “teaser” rate with a ridiculously low 2 percent rate. ...
  2008-02-08 07:49:03

• Few takers so far for housing loans in Clay County - Florida Times-Union

  Few takers so far for housing loans in Clay CountyFlorida Times-Union, FL - 9 hours agoThey may not use the program to refinance existing mortgage loans or plan to rent the property or occupy it on a part-time basis. For more information or to ...
  2008-02-07 10:56:25

• MONEY MATTERS Know where to go to prevent foreclosure - Toledo Free Press

  MONEY MATTERS Know where to go to prevent foreclosureToledo Free Press,  USA - 11 minutes ago... homeowners must meet the following five criteria: 1. A history of on-time mortgage payments before the borrower's teaser rates expired and loans reset;
  2008-02-08 07:49:05

• Mortgage woes global - Ventura County Star

  Mortgage woes globalVentura County Star, CA - 7 hours agoThey clawed, kicked, dragged and schemed their way to just one more refinance. I'm not saying all — or even most — borrowers I met were like this, ...
  2008-02-08 12:05:24

• The Real Reason Why the Fed is Panicking and Why Wall Street is so ... - StreetInsider.com (subscription)

  The Real Reason Why the Fed is Panicking and Why Wall Street is so ...StreetInsider.com (subscription), MI - 9 minutes agoLast Wednesday, Standard & Poor's downgraded or took negative rating action against 8000 mortgage bonds and CDOs, worth $534 billion. ...
  2008-02-08 07:51:04

• IRS tax tip: Be aware of changes to tax laws in 2007 - Shreveport Times

  IRS tax tip: Be aware of changes to tax laws in 2007Shreveport Times, LA - 7 hours agoMortgage insurance premiums may be deductible: Some borrowers may be able to deduct mortgage insurance premiums paid on mortgages taken out or refinanced ...
  2008-02-08 12:10:34

• Vegas area median home price sinks below $250000 - Las Vegas Sun

  Vegas area median home price sinks below $250000Las Vegas Sun, NV - 5 hours agoMany were counting on prices to continue rising so they could refinance out of an adjustable-rate mortgage. RealtyTrac and CNNMoney.com reported this week ...
  2008-02-08 02:05:13

• Economic downturn in focus at G7 meet - Swissinfo

  Economic downturn in focus at G7 meetSwissinfo, Switzerland - 8 minutes agoThe Financial Stability Forum, a group of central bankers and other regulators studying the subprime mortgage problem and market upheaval, is due to deliver ...
  2008-02-08 07:52:12

• 'Carm's Army' charges on in face of changing times - Nogales International

  'Carm's Army' charges on in face of changing timesNogales International, AZ - 7 minutes agoPottinger's name remains on the title, with the understanding that the buyer will ultimately take over the mortgage. Another arrangement she made with ...
  2008-02-08 07:53:00

• Canadian Dollar Surges After Job Growth Outstrips Estimates - Bloomberg

  Canadian Dollar Surges After Job Growth Outstrips EstimatesBloomberg - 7 minutes agoHousing starts climbed to 222700 units on an annual basis, compared with a revised 184700 units in December, Canada Mortgage and Housing Corp. said today ...
  2008-02-08 07:53:21

• Construction Finance Environment Remains Volatile - Reed Construction Data

  Construction Finance Environment Remains VolatileReed Construction Data, GA - 6 minutes agoThe lower rates also permit thousands of homeowners to get a fixed-rate mortgage before their adjustable-rate mortgage resets to a budget-breaking amount. ...
  2008-02-08 07:53:24

• The Foreclosure Survival Guide - Philadelphia Daily News

  The Foreclosure Survival GuidePhiladelphia Daily News, PA - 2 hours agoIf you live in Pennsylvania, the letter also should include information about the Homeowners Emergency Mortgage Assistance Program (HEMAP). ...
  2008-02-08 05:20:12

• Economic downturn in focus at G7 meet - Interactive Investor

  Economic downturn in focus at G7 meetInteractive Investor, UK - 5 minutes agoAggressive action by the United States to cut interest rates and taxes to ward off recession has tested the limits of cooperation in the Group of Seven. ...
  2008-02-08 07:55:04

• Arbor Realty Trust Reports Fourth Quarter and Full Year 2007 Results - PR Newswire (press release)

  Arbor Realty Trust Reports Fourth Quarter and Full Year 2007 ResultsPR Newswire (press release), NY - 2 hours agoFor the fourth quarter 2007, Arbor's manager, Arbor Commercial Mortgage, LLC, earned $2.9 million of incentive compensation. Arbor Commercial Mortgage ...
  2008-02-08 05:34:32

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