Mortgage and Financial News From 2008-3-9 Page 21
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A brutal week for credit markets
San Francisco Gate - Thornburg had been holding up better than some mortgage companies because it specializes in making high-quality, adjustable-rate jumbo loans (bigger than $417,000) to borrowers with good to excellent credit.
2008-03-08 11:41:00 -
Technically, market isn't yet in bear territory (The Buffalo News)
NEW YORK — The stock market is perilously close to the classic measure of a bear market — a drop of at least 20 percent from its high.
2008-03-09 04:00:08 -
Is the Michiana economy treading water? :Experts say there's reason to be hopeful despite 2008's rough start. (South Bend Tribune)
It's March 9 but already nearly 1,000 people in Michiana know they won't be employed at their current jobs by July 1.
2008-03-09 04:03:32 -
Reports: FBI investigating Countrywide (AP via Yahoo! News)
Federal authorities are investigating Countrywide Financial Corp. for securities fraud, according to media reports.
2008-03-09 04:04:03 -
Hedge funds get trimmed (Crain's New York Business)
More failures expected as values fall and edgy banks call in their loans
2008-03-09 04:04:45 -
Rebuild your credit after bankruptcy (Orlando Sentinel)
Your ability to get insurance, a loan and possibly a job depends on this fresh start. There is life after bankruptcy, even though your credit is shot.
2008-03-09 04:22:54 -
Firefighters ask community aid
Pittsburgh Post-Gazette - ... with his advice to undergo a fraud audit to determine exactly how much money was gone. Mr. Weiss said Mr. Makel donated $3,000 worth of legal fees to the department, and the township picked up $6,000 more.
2008-03-08 09:18:00 -
College lending in crisis
Allentown Morning Call - ... happen to others families with college students, especially those with shaky credit, as the fallout from the subprime mortgage ... Area colleges are heeding his advice. This is the time of year when they are putting together financial packages to offer to ...
2008-03-09 01:21:00 -
Tips for saving pets from mortgage meltdown
South Coast Today - The American Society for the Prevention of Cruelty to Animals reports that the nation's home mortgage crisis is a growing ... The society offers the following advice to owners faced with having to relinquish a treasured family pet because of economic ...
2008-03-07 09:55:00 -
Kenneth Harney: Stimulus deal doesn't raise limits on VA loans
Arizona Daily Star - Advice by Kenneth Harney ... are willing to make a zero down-payment loan for four times the guarantee level, the program has an effective mortgage limit ...
2008-03-08 04:43:00 -
Fed will boost loans to banks
San Francisco Gate - Get expert advice, forms and more. SFGate Technology : It's a high-tech world - - we just plug you into it. ... through weekly 28-day repurchase agreements, where the central bank will lend cash in return for assets such as mortgage ...
2008-03-06 03:58:00 -
3 money traps
Minneapolis Star Tribune - But that advice assumes Americans fail to save because they are spendthrifts. ... The authors also criticize creditors for their hefty fees and policies "that make slipups more likely," and take the mortgage ...
2008-03-08 03:27:00 -
It's upside down time in housing
Pensacola News Journal - She was confused and looking for some advice. Seems the young woman, a Warrington resident, wanted a home equity loan to add ... I tried to explain that her house is now worth less than what is currently owed on the mortgage.
2008-03-08 10:15:00 -
Bernanke Urges Banks To Forgive Some Mortgage Debt
Stockhouse Canada - Bernanke Urges Banks To Forgive Some Mortgage Debt 3/8/2008 2:15:00 PM ET Related symbols: WFC ... This advice has tended to be general in nature, with few specific courses of action recommended.
2008-03-08 11:31:00 -
How to remortgage in turbulent market
MyFinances.co.uk - Leave plenty of time to remortgage and if you spot a good deal, grab it. That is the advice being issued to remortgagers by finance experts following the decision yesterday by the Bank of England to keep interest rates at 5.25 per cent. While the ...
2008-03-07 02:35:00