Mortgage and Financial News From 2008-3-6 Page 4

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  • Foreclosure rates hit new highs (Los Angeles Times)

    Home foreclosures hit new highs and the amount of equity in homes reached new lows as the housing crisis escalated across the country in 2007, new figures showed Thursday.
    2008-03-06 04:50:16

  • FHA limit change may help some Valley homebuyers (East Valley Tribune)

    Some Valley homebuyers may get the boost they need to qualify for a mortgage, following a government decision Wednesday to hike the limits for loans insured by the Federal Housing Administration.
    2008-03-06 05:51:17

  • Housing troubles mounting, 3 reports show (Austin American-Statesman)

    NEW YORK — Nervous homeowners and economic analysts have been wondering how much worse the housing market could get. On Thursday, they got an answer. Foreclosures are at a record high. Home equity is at a record low. And there's no end in sight to the housing market's downward spiral, analysts say.
    2008-03-06 05:54:02

  • La Jolla remodel (San Diego Daily Transcript via Yahoo! News)

    In early 2008, the La Jolla Beach & Tennis Club began the final phase of a complete remodel of its oceanfront guest suites.
    2008-03-06 06:06:40

  • U.S. home equity less than 50% (Sun-Sentinel)

    Gauge of ownership slides to lowest point since 1945 Americans' percentage of equity in their homes fell below 50 percent for the first time since 1945, the Federal Reserve said Thursday.
    2008-03-06 06:23:44

  • Are You Overpaying for Where You Live?

    BusinessWeek - ... as much as other Michigan households on gas and other transportation costs, mortgage ... Detroit, but even here, with the triple-whammy of the declining housing and credit ... class more severely than the rich, who generally have a financial cushion in bad ...
    2008-03-02 03:56:00

  • Seeking more aid for homeowners

    Baltimore Sun - ... nearby, says the combination of mortgage difficulties, falling property values and tightening credit is fueling turmoil in his neighborhood. He says he can hear the pain in the voices of the constituents who call for help. "The problem is bad ...
    2008-03-05 03:59:00

  • High street bank rejects bring a boost to Provident Financial

    Times Online - ... after high street banks abandoned borrowers with poor credit ... Since last year's meltdown in the US sub-prime mortgage market, high street banks have introduced stricter rules on who they will lend to.
    2008-03-04 01:59:00

  • Swan: Household credit moderating

    News.com.au - HOUSEHOLD credit appears to be moderating, federal Treasurer Wayne Swan said. ... 6. Sydney house prices in landslide 7. Mortgage time bomb is ticking 8. Rate rise a ... Is it so bad I like being single? Tech : Making your digital info easy to digest ...
    2008-03-04 12:40:00

  • FHA raises housing loan limits in county

    San Diego Union-Tribune - Lenders have responded by tightening credit. The new limit is based on 125 percent ... end of the year, but lending groups, such as the California Association of Mortgage ... for FHA, which was created to help low-and moderate-income households, was a bad ...
    2008-03-06 11:48:00

  • Aussie stocks seen sharply lower on credit jitters

    ninemsn - ... falls on Friday, with financial firms leading declines after news of a default at a high-profile U.S. mortgage lender fuelled more credit ... At home, there are also worries that Australian banks would be hit by further bad debts.
    2008-03-06 01:06:00

  • Va. lawmakers weigh foreclosure bill

    MSN MoneyCentral - The action came on the same day the Mortgage Bankers Association announced that ... When they foreclose, it's not necessarily a bad thing," he added. ... to the boom in high-interest, subprime loans to borrowers with blemished credit or ...
    2008-03-06 03:08:00

  • U.S. Stocks Drop to 18-Month Low After Foreclosures Hit Record

    Bloomberg - ... by banks, after home foreclosures climbed to a record and loan defaults by Thornburg Mortgage Inc. and a Carlyle Group bond fund spurred concern that credit ... More Bad News' ``People are expecting more bad news,'' said Michael Nasto , the senior ...
    2008-03-06 02:39:00

  • Carlyle arm faces further default notices as repayment calls mount up

    Times Online - ... has been selling off assets since August and said yesterday it had so far sold almost $1 billion in non-mortgage backed assets. Observers have said the bad news was obvious from the start when CCC's flotation was scaled back because of choppy credit ...
    2008-03-06 04:05:00

  • HK stocks seen down on credit woes, Honghua IPO eyed

    Reuters UK - ... March 7 (Reuters) - A barrage of negative news about credit ... It's like the bad news never ends, a never-ending soap opera," Lun said.
    2008-03-06 04:48:00

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