Mortgage and Financial News From 2007-9-1 Page 17

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  • CONTINUED: Democrats press for broader measures

    MSNBC - ... borrowers to put no money down and expanding the insurance program to include riskier borrowers, who would pay higher premiums. Some Democrats have also proposed spending government money to help nonprofit community groups that help refinance loans ...
    2007-09-01 02:44:00

  • Refinancing Help Won't Erase Borrowers' Problems

    NPR News - The government can't make the problems go away, Paulson says, but it can make a big effort to help those who are capable of owning a home refinance their loans. "I don't think it's my job or the government's job to tell anybody how much money they ...
    2007-08-31 09:36:00

  • Bush Unveils Modest Mortgage Proposals

    US News and World Report - They would make it easier for borrowers now holding adjustable rate mortgages that are resetting to higher monthly payments to refinance those loans using the resources of the Federal Housing Administration. The FHA is a Depression-era agency created ...
    2007-09-01 01:25:00

  • Bush, Bernanke Give Markets Hope

    ABC News - Today the president announced a new program that would allow an estimated 80,000 homeowners to refinance into a federally insured program with lower rates. "This means that many families who are struggling now will be able to refinance their loans ...
    2007-08-31 10:33:00

  • Bush Will Let FHA Refinance Mortgages In Default To Aid Struggling ...

    Investors Business Daily - President Bush said Friday that the government has a role to play in helping homeowners facing foreclosure — but only a limited one. "It's not the government's job to bail out speculators, or those who made the decision to buy a home they knew they ...
    2007-09-01 12:06:00

  • Bush proposes steps to deal with mortgage crisis

    MSN UK News - Dodd offered support for a proposal to let the Federal Housing Administration refinance more distressed homeowners but said Bush had "sat on his hands" too long before acting. Democratic Sen. Charles Schumer of New York similarly said that Bush needed ...
    2007-08-31 11:31:00

  • Bush announces 'limited' steps on loan crunch (USA Today)

    President Bush announced a series of "limited" steps Friday designed to help homeowners struggling to pay their mortgages, expanding the role of the Federal Housing Administration and proposing a temporary change in tax law to prevent people from being penalized when they refinance risky "subprime" adjustable-rate mortgages.
    2007-08-31 05:28:47

  • Avoiding Refinancing Fees (Washington Post)

    Q: DEAR BOB: I'm wondering about mortgage refinance junk fees. I know consumers have the right to avoid these fees, but my experience has been these lender fees usually come at the end of the refinance process, after the mortgage is approved.
    2007-08-31 11:39:51

  • Bush, Bernanke launch subprime assault (Washington Post)

    NEW YORK/LONDON (Reuters) - The Federal Reserve on Friday reassured investors it would take any steps needed to shelter the U.S. economy from a global credit squeeze, while President George W. Bush promised to help struggling homeowners refinance their mortgages.
    2007-09-01 02:07:16

  • Bush Will Let FHA Refinance Mortgages In Default To Aid Struggling Borrowers (Investor's Business Daily via Yahoo! News)

    President Bush said Friday that the government has a role to play in helping homeowners facing foreclosure -- but only a limited one.
    2007-08-31 11:00:00

  • Export refinance: 7.5 percent mark-up rate to continue (Business Recorder)

    KARACHI (September 01 2007): The central bank on Friday announced that it would continue 7.5 percent mark-up on export refinance scheme. The central bank, in a circular to all heads of the banks, said that the existing rate of mark-up on export refinance would continue for September.
    2007-09-01 12:02:27

  • Inflation rate stays steady at 2.2%

    Worldnews.com - ... Reuters) - Federal Reserve Chairman Ben Bernanke signaled a willingness to consider an early cut in the benchmark interest rate ... through every deadly wordof theofficialMontebello summit joint statement, as issued yesterday by President Bush, Prime ...
    2007-08-31 07:27:00

  • Bush and Bernanke set to bail out homeowners

    Times Online - ... remarks were consistent with expectations of a 0.25 percentage point cut in the Fed's headline interest rate on ... Soaring default rates among sub-prime borrowers, who pay higher interest rates because of their patchy credit histories, have sent shock ...
    2007-08-31 11:02:00

  • Rate-Cut Hopes Ignite Rally

    ABC 4 - ... in the U.S. were solidly higher Wednesday following a two-session selloff, as traders bid up equities amid hopes for a rate ... in direction comes a day after the minutes from the last Fed meeting failed to convince investors that an ease in interest ...
    2007-08-31 08:32:00

  • Bush to outline sub-prime mortgage plan

    News.com.au - Bush will propose reforms today intended to help homeowners with sub-prime mortgages avoid default, his first public step ... The Federal Reserve has taken steps to increase liquidity in markets and faces calls for interest-rate cuts to head off a broader ...
    2007-08-31 03:10:00

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