Mortgage and Financial News From 2007-9-1 Page 4

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  • Refinance Your Adjustable Rates Today (The Bradford Era)

    (ARA) - As the old saying goes "a man's home is his castle." The benefits of owning a home are many, including financial security. While a home mortgage is good for your financial stability, refinancing for a better mortgage than you originally qualified for can benefit your finances even more.
    2007-09-01 08:20:59
  • 'Tough love' from Bernanke, as Bush unveils crisis mortgage aid

    Political Gateway - Tough love' from Bernanke, as Bush unveils crisis mortgage aid WASHINGTON, Sept 1 ... Markets viewed the remarks as opening the door to a potential interest rate cut that ... Analysts said the measures would only affect a small fraction of the estimated ...
    2007-09-01 12:45:00
  • S&P Names Sharma President Amid Ratings Criticism (Update1)

    Bloomberg - ... Fisher & Co. in New York and co-author of a study that found rating companies understated the risks of subprime mortgage ... rating companies and EU Financial Services Commissioner Charlie McCreevy plans to review management, conflicts of interest ...
    2007-08-31 08:29:00
  • Housing Administration key in home aid plan

    Dallas Morning News - Department of Veterans Affairs offered the only mortgages available to mortgage brokers, Mr. Kelley said. But as subprime lenders extended credit under seemingly favorable terms – including no money down and "teaser" interest ...
    2007-09-01 01:42:00
  • Homeowners come first

    Boston Globe - ... at a higher fee then usual, to encourage them to switch from mortgages with ballooned interest payments. That's a sound policy change, but it's only expected to help 80,000 borrowers, a tiny fraction of the 2 million who will face higher mortgage ...
    2007-09-01 10:01:00
  • Mishkin Says Banking System Can Cope With `Stressful' Markets

    Bloomberg - ... financial system is in ``good health'' even with the disruptions of the subprime-mortgage ... Mishkin wrote in his paper that policy makers should avoid setting interest rates according to swings in the housing market and respond ``only to the extent ...
    2007-09-01 04:27:00
  • Banks back mortgage site

    New Zealand Herald - We are not the central bank, we can't control the size of interest rates, but we can take and improve the deal for ... In a fundit.co.nz auction, lenders put in competing bids for a mortgage and only at the end will the borrower find out who the ...
    2007-09-01 05:31:00
  • Forget interest-only mortgage

    Akron Beacon Journal - Q: I am a 51-year-old widow of eight years with three children, ages 9, 11 and 15. I earn only about $3,000 per month, and my children receive a total of $2,100 per month in Social Security benefits. I have owned my home for six years and have a 30 ...
    2007-09-01 05:43:00
  • New player set to enter reverse mortgage fray vows savings, flexibility (Toronto Star)

    Canada's only national provider of reverse mortgages is about to feel the sting of competition in price and features.
    2007-09-01 08:39:42
  • Bush mortgage plan draws fire (Toronto Star)

    NEW YORK–A federal plan to aid struggling U.S. homeowners is seen as too little, too late for investors saddled with soaring mortgage-related losses.
    2007-09-01 08:39:22
  • 'Tough love' from Bernanke, as Bush unveils crisis mortgage aid (TODAYonline)

    US President George W. Bush speaks in the Rose Garden at the White House in Washington, DC. The Federal Reserve will act "to limit the adverse effects" of the mortgage crisis on the economy, chief Ben Bernanke said Friday as the White House unveiled plans to aid homeowners facing foreclosure.
    2007-09-01 06:22:15
  • Banks back mortgage site (The New Zealand Herald)

    Two of the country's top banks, which have spurned mortgage brokers to build up their home loan business, have fired a shot at their competitors this week, putting their weight behind a new auction website that pits lenders against each other.
    2007-09-01 05:52:47
  • Bob Bruss: Higher-rate, interest-only refinance isn't a good idea (San Antonio Express-News)

    Dear Bob: I am a 51-year-old widow of eight years with three children, ages 9, 11 and 15. I earn only about $3,000 per month, and my children receive a total of $2,100 per month in Social Security benefits.
    2007-09-01 02:16:05
  • Bush touts plan to help homeowners in mortgage crisis

    CNN - The FHA does not supply the mortgage loan but it guarantees loans extended by banks and other lenders. FHA officials said another 20,000 people would be helped by a new type of risk-based pricing for its loan guarantees that will allow lower-income ...
    2007-09-01 02:04:00
  • Democrats praise Bush's mortgage initiative but say they'll press for ...

    Austin American-Statesman - The administration initiatives formally announced on Friday included steps to make it easier for low-income homeowners to get federal mortgage insurance and plans for federal "jawboning" of private mortgage lenders to persuade them not to foreclose ...
    2007-09-01 01:21:00