Mortgage and Financial News From 2007-9-1 Page 7

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  • Bush's refinancing plan of little help to Bay Area borrowers

    San Francisco Gate - Consumer Credit Counseling said its San Francisco caseload for mortgage default advice is up 300 percent since this time last year. Nationwide, the Bush plan was applauded by Republicans and Democrats, mortgage lenders and low-income housing advocates ...
    2007-09-01 12:24:00
  • The Cost of Living With Debt (New York Times)

    Though hardly groundbreaking, spending less and paying off debt sooner is sound advice.
    2007-09-01 04:42:04
  • Suze Orman: Protect yourself from the wrong mortgage (Post-Bulletin)

    the past few months of mortgage delinquency rates and home foreclosures creeping ominously upward, a lot of attention has focused on the fact that many borrowers ended up with nontraditional mortgages they had little chance of affording once the all
    2007-09-01 01:16:46
  • Paying off mortgage pays off in long haul (Everett Herald)

    African Americans are often the target of financial pitchmen trying to convince them they should never pay off their mortgages. Instead, the line goes, people should dig deeper into mortgage debt to purchase cars, fund their chosen lifestyles or to invest.
    2007-09-01 05:00:05
  • An answer to Fiesta Bowl football mystery

    ESPN.com - Jim Hoepf, a Phoenix mortgage broker, said he scooped up the ball after it came to rest in the seat in front of him at University of Phoenix Stadium in Glendale, Ariz., while Broncos fans tried to run onto the field. KBCI television in Boise reported ...
    2007-09-01 12:56:00
  • Is buy-to-let a better bet?

    Times Online - Melanie Bien, of Savills Private Finance, the independent mortgage broker, says that buy-to-let mortgages are suitable only for a property that you rent out. You usually need a bigger deposit on a buy-to-let deal as they are a riskier proposition for ...
    2007-08-31 08:39:00
  • Credit Crisis Seminar for RI Real Estate Professionals

    PR.com - Providence, RI, September 01, 2007 --( PR.com )-- Oceanside Mortgage Group Inc., a Providence based mortgage broker, announced today that the next topic in their quarterly educational seminars for real estate professionals will be the “The Credit ...
    2007-09-01 06:54:00
  • New law's wording may worsen state's mortgage woes Rules to block ...

    Las Vegas Review Journal - Marcie Benvin, a Reno mortgage broker and president of the Nevada Association of Mortgage Professionals, said Monday that thousands of loans to otherwise qualified borrowers could be affected unless the regulations are quickly adopted. Besides the ...
    2007-09-01 08:56:00
  • Bush addresses mortgage mess

    Inside Bay Area - Bob Cooley, mortgage broker and owner of Elite Financial in Walnut Creek, said that Bush's plan is too small and too slow to make much of an impact on those facing foreclosure. "We have to wait and see just how far Bush's plan goes," he said. "But ...
    2007-09-01 01:07:00
  • Mortgage denied? You can get second opinion

    Lowell Sun - Q: My refinance mortgage loan application was denied, because the mortgage broker claims my loan-to-value ratio is too high for my credit score. He always confuses me with technical lingo about ratios and other technical jargon. I never really ...
    2007-09-01 10:58:00
  • Citigroup acquiring mortgage and servicing unit from ACC Capital (The San Francisco Examiner)

    LOS ANGELES ( Map , News ) - Ameriquest Mortgage Co., once the nation's largest subprime lender, is closing.
    2007-09-01 01:34:17
  • Mortgage crisis Q&A (The State)

    Question: Will I still be able to get a mortgage? So far, borrowers with decent credit histories and the ability to document their income — “the majority of the home-buying public” — aren’t being shut out from getting a loan, said Alex Stenback, a Minneapolis mortgage banker and author of the blog BehindTheMortgage.com. “The difference is that there are fewer choices,” said Dan Green, a ...
    2007-09-01 04:08:07
  • Ameriquest Mortgage is closing its doors (Minneapolis-St. Paul Star Tribune)

    LOS ANGELES - Ameriquest Mortgage Co., once the nation's largest subprime lender, will close with barely a whimper, after the other assets of its parent company were sold Friday to Citigroup Inc. Ameriquest, which saw its fortunes soar during the housing boom by lending to people with less than stellar credit, is the latest victim of a mortgage crisis that has left bankrupt companies and ...
    2007-09-01 04:42:24
  • For mortgage brokers, things are tough (The Tennessean)

    Mortgage brokers are leaving the business in droves as the crisis in subprime mortgages leads to fewer products to sell, tighter lending standards and a backlash from lenders who blame them for the meltdown.
    2007-09-01 07:02:44
  • Learn about confusing mortgage terms, Part II (The Advocate)

    FIXED-RATE MORTGAGE : A mortgage with an interest rate that remains constant for the life of the loan. The most common fixed-rate mortgage is for a term of 30 years, but other terms are available for 15 or 10 years. Some lenders even can make your fixed rate period whatever you desire.
    2007-09-01 11:10:06