Mortgage and Financial News From 2007-12-3 Page 4

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  • Md. high court hears foreclosure case

    Baltimore Sun - ... the right to appeal a foreclosure when the homeowner has made every effort to obtain a stay only to ... that Atta Poku took no cash out of the refinancing and that his sole purpose was to reduce his interest rate and pay off the original mortgage.
    2007-12-03 03:19:00

  • Gloom as credit crunch hits high street

    Guardian Unlimited - Banks, mortgage lenders and property companies are getting to share their pain with ... like-for-like basis compared with November a year ago, when sales were up only 0 ... The industry association blames falls in consumer confidence on interest rate rises ...
    2007-12-03 05:28:00

  • Losses Stack Up

    Washington Post - ... to inquire about the fate of their money -- money that was supposed to gain modest interest in ... assets have been roiling financial markets for months as housing values decline and mortgage delinquencies rise. Florida public agencies are not the only ...
    2007-12-03 08:41:00

  • Paulson Says Treasury Close to Deal To Help Struggling Homeowners (HispanicBusiness.com)

    WASHINGTON (Thomson Financial) - U.S. Treasury Secretary Henry Paulson said today that the Bush administration is very close to finding a way to help borrowers who can afford their mortgages at the lower initial "teaser" rate, but who are unlikely to be able to afford their mortgages at the soon to be implemented higher rates.
    2007-12-03 10:15:17

  • Sovereign Reversions sees boost from housing slowdown (ShareCast via Yahoo! UK & Ireland Finance)

    Home equity release specialist Sovereign Reversions expects a stalling housing market to give it a boost as more pensioners choose reversion plans over lifetime mortgages.
    2007-12-03 05:00:10

  • Tech Stocks Lead Market Pullback (InternetNews.com)

    Tech stocks fell for a second day Monday, as Dell's cautious outlook continued to weigh on the sector.
    2007-12-03 03:22:49

  • Paulson Details Mortgage Aid Plan

    Washington Post - Paulson spoke publicly for the first time on the strategy that would temporarily freeze interest rates for many ... While Paulson outlined the mortgage-relief plan only in broad terms yesterday, sources close to the discussions said major components ...
    2007-12-03 08:41:00

  • Moody's May Cut Ratings on $105 Billion of SIVs (Update2) (Bloomberg.com)

    Dec. 3 (Bloomberg) -- Moody's Investors Service is preparing the biggest credit rating cuts since subprime mortgages contaminated the bond market, foreshadowing losses for investments that pay Florida teachers and money market funds.
    2007-12-03 07:13:25

  • Yen May Extend Gains Versus Dollar, Euro on Credit-Market Loss (Bloomberg.com)

    Dec. 4 (Bloomberg) -- The yen may rise for a second day against the dollar and euro as concern over global credit-market losses prompt investors to shun higher-yielding assets financed by loans in Japan.
    2007-12-03 04:21:11

  • Kenya: Barclays to Issue Second Tranche of Bond 'Soon' (AllAfrica.com)

    Barclays Bank is planning to issue the second tranche of its corporate bond early next year. This follows the success of the recently concluded inaugural tranche of Ksh1 billion ($15.6 million), which was oversubscribed by 15 per cent.
    2007-12-03 12:41:22

  • Treasury chief see mortgage assistance deal soon (Lansing State Journal)

    WASHINGTON - Treasury Secretary Henry Paulson said he is confident there will soon be an agreement to help homeowners avoid mortgage defaults by temporarily freezing their interest rates.
    2007-12-03 10:35:46

  • Paulson Details Mortgage Aid Plan (Washington Post)

    Treasury Secretary Henry M. Paulson Jr. unveiled new details of the Bush administration's mortgage-relief plan yesterday, including a proposal that would grant new powers to local governments to refinance the mortgages of struggling homeowners.
    2007-12-03 08:02:18

  • Obama Seeks Consumer Credit Guards

    Associated Press - He said soaring credit card debt could turn into a crisis as big as the one in the subprime mortgage industry. "The larger risk ... credit card companies to give consumers the option of dropping out of an agreement if the companies raise interest rates ...
    2007-12-03 05:50:00

  • Oahu home prices flat, sales down

    Pacific Business News - Buyers have more choices now and mortgage rates are still low, so it's actually a good time for buyers to purchase a home." The number of condominiums sold fell 10 percent when compared year over year, with 379 units sold during November compared to ...
    2007-12-03 03:55:00

  • News Minute: Bush chides lawmakers...Iran nuclear report...Possible ...

    WDAM-TV - The Latest in House and Home House & Home Main Today's Mortgage Rates In the Know Movie Listings Personal Finance This Week in Money Money Home For ... Associated Press - December 3, 2007 7:03 PM ET WASHINGTON (AP) - President Bush is scolding Congress for not ...
    2007-12-03 01:25:00

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