Mortgage and Financial News From 2008-3-6 Page 11

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  • Home foreclosures climb to record high

    Seattle Times - The association's survey covers almost 46 million home loans nationwide. "Mortgage credit quality is deteriorating ... Initially low interest rates that reset to much higher rates have clobbered these borrowers. With home values dragged down by the ...
    2008-03-06 10:50:00

  • Time to refinance?

    CNN Money - Even after the rate-cutting binge the Fed has been on, the rates on a 30-year fixed mortgage went up. That's what makes this decline so newsworthy. So, if you have an adjustable rate mortgage, and you plan to stay in your home for at least 2 to 3 ...
    2008-03-06 10:58:00

  • Mortgage rates down on weak economy

    CNN Money - NEW YORK (CNNMoney.com) -- After a series of gloomy readings on the economy, mortgage rates fell this week in the slumping housing ... said Nothaft, who cited the recent tumble in residential construction and the largest annual drop in median home prices ...
    2008-03-06 08:42:00

  • Mortgage Rates Drop

    CNN Money - NEW YORK (Associated Press) - Mortgage rates sank this week, reflecting investors' worries about the country's economic health. ... Home foreclosures shot up to a record high in the final quarter of last year, the Mortgage Bankers Association reported ...
    2008-03-06 10:58:00

  • How to Pay for Home Renovations

    Street.Com - ... 28, according to Freddie Mac FRE -- leading to monthly payments of $2,270 for a $275,000 loan. You can find rates for home-equity loans, mortgages and other financial vehicles at BankingMyWay.com . A cash-out refinance, like any other mortgage ...
    2008-03-06 08:42:00

  • Fitch Rates $287.5MM California Refunded GO Bonds 'AAApre' (Centre Daily Times)

    Fitch Ratings assigns an 'AAApre' rating to the $287,510,000 State of California general obligation (GO) bonds, refunded on Nov. 6, 2007 with proceeds of the State's GO refunding bonds. The State Treasurer holds an account, established by the State Comptroller within the State's escrow fund, in trust for the benefit of the refunded bondholders. All funds and securities held in this account are ...
    2008-03-06 11:10:45

  • Top tips: Refinancing your mortgage (CNNMoney.com via Yahoo! Finance)

    1: Rates are low
    2008-03-06 11:19:00

  • Jumbo loans get FHA backing (The Santa Rosa Press Democrat)

    The Federal Housing Administration will temporarily guarantee mortgages as large as $662,500 in Sonoma County -- almost double the size it currently insures -- under a plan rolled out Wednesday to shore up the nation's imploding housing market.
    2008-03-06 11:24:43

  • Delinquencies continue to climb (CNNMoney.com via Yahoo! Finance)

    More home owners than ever are losing the battle to make their monthly mortgage payments.
    2008-03-06 11:25:00

  • Time to refinance? (CNN Money)

    Interest rates on 30-year mortgages are down and mortgage applications are up. Is it time to refinance?
    2008-03-06 11:25:16

  • Mortgage rates drop as investors fret (KABC-TV Los Angeles)

    Mortgage rates sank this week, reflecting investors' worries about the country's economic health.
    2008-03-06 11:25:33

  • About Our Blogger (Sedona Red Rock News)

    Nestled amongst the Southwest's most visually breathtaking landscapes lies the culturally-rich Sedona, Arizona. The quaint city of little more than 12,000 residents sits less than two hours north of Phoenix and 30 minutes south of Flagstaff.
    2008-03-06 11:27:25

  • (AFX UK Focus) 2008-03-06 19:00 GMT: Oil waffles on profit-taking, dollar (Interactive Investor)

    NEW YORK (AP) - Oil prices seesawed Thursday as some investors collected profits from a rally that added 6.4 percent to crude's price in less than two days while others bought as the dollar reached new lows against the euro.
    2008-03-06 11:29:02

  • Home Equity Falls Below 50 Percent

    Seattle Times - Home equity, which is equal to the percentage of a home's market value minus mortgage-related debt, has steadily decreased even as home prices jumped earlier this decade due to a surge in cash-out refinances, home equity loans and lines of credit and ...
    2008-03-06 09:24:00

  • H&R Block's losses narrow

    CNN Money - ... company has put aside for bad loans and to repurchase defaulted loans from investors, as well as impairment charges to the value of the remaining loans and other charges tied to the closing of most of Option One's operations. The subprime mortgage ...
    2008-03-06 04:02:00

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