Mortgage and Financial News From 2007-12-3 Page 5

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  • Paulson details plan to ease mortgage troubles

    Austin American-Statesman - ... details about a national mortgage-rescue plan and proposed Monday to help state and local governments issue tax-exempt bonds to pay for mortgage refinancing. He also confirmed that he seeks to freeze temporarily the rates of tens of thousands of home ...
    2007-12-03 05:28:00

  • New Orders Boost Manufacturing in Nov.

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... of economic strength could reduce the chances the Federal Reserve will cut rates ... Secretary Henry Paulson, who reaffirmed a plan to try to stabilize the mortgage ...
    2007-12-03 10:47:00

  • AdBank lifts mortgages rates

    News.com.au - While the Reserve Bank is not expected to raise the official cash rate from 6.75 per cent tomorrow, Adelaide Bank would increase its rates on some wholesale home loan products it supplies to mortgage brokers. It will be up to individual distributors ...
    2007-12-03 06:01:00

  • Treasury Secretary Paulson ramps up government involvement as mortgage ...

    CNBC - WASHINGTON - A government proposal to freeze interest rates on millions ... as Wall Street banks write down billions of dollars in bad home-loan investments amid mounting concerns about economic stability, the White House is pressuring the mortgage ...
    2007-12-03 03:41:00

  • Slipping off the property ladder

    News.com.au - ... Reserve Bank of Australia looks set to hold off on raising the official cash rate this week, the big banks have warned they might look to raise home loan rates regardless – a move which could push borrowers who are already on the brink of mortgage ...
    2007-12-03 07:44:00

  • So Much For That Rally

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal ... and a Federal Reserve governor said the subprime mortgage meltdown is going to get worst before it gets better. On Monday morning Paulson said a plan is in the works to freeze interest rates for ...
    2007-12-03 02:44:00

  • U.S. closes in on mortgage relief plan

    International Herald Tribune - On Monday, the New York senator said the plan Paulson was pursuing to hold mortgage rates steady should go further and include a 90-day moratorium on home foreclosures to give financially troubled borrowers time to work with lenders and avoid losing ...
    2007-12-03 06:33:00

  • Mortgage industry praises plan to freeze interest rates (Fairview Observer)

    WASHINGTON -- The CEO of the country's biggest mortgage lender says greater government intervention is needed to rescue the U.S. housing market as his peers warn the worst is yet to come.
    2007-12-03 03:42:33

  • Certain Mortgage Rates Could Freeze (CBS 5 Phoenix)

    Valley homeowners are optimistic a proposal to temporarily freeze interest rates on certain troubled subprime mortgages will offer relief.
    2007-12-03 07:31:33

  • US nears deal on mortgage defaults (AP via Yahoo! News)

    Treasury Secretary Henry Paulson said Monday an agreement was near on a proposal to help thousands of at-risk homeowners avoid foreclosures by temporarily freezing their mortgage rates.
    2007-12-03 02:55:31

  • Deal near on mortgage defaults (Lexington Herald-Leader)

    HOME STRETCH: Treasury Secretary Henry Paulson Monday said officials were near an agreement to help at-risk homeowners avoid foreclosures. TIMEFRAME: The proposed plan would temporarily freeze their mortgage rates, but how long rates would remain frozen is still unresolved. NEGOTIATIONS: Federal regulators have been trying to strike a deal with some of the country's biggest banks, mortgage ...
    2007-12-03 03:12:57

  • Deal near on mortgage defaults (St. Louis Post-Dispatch)

    HOME STRETCH: Treasury Secretary Henry Paulson Monday said officials were near an agreement to help at-risk homeowners avoid foreclosures. TIMEFRAME: The proposed plan would temporarily freeze their mortgage rates, but how long rates would remain frozen is still unresolved.
    2007-12-03 02:16:07

  • Deal Near on Mortgage Defaults (San Francisco Chronicle)

    HOME STRETCH: Treasury Secretary Henry Paulson Monday said officials were near an agreement to help at-risk homeowners avoid foreclosures. TIMEFRAME: The proposed plan would temporarily freeze their mortgage rates, but how long rates would remain...
    2007-12-03 01:32:54

  • Low interest rates, falling prices boost home sales (1:39 p.m.) (The Record)

    In two years of a depressed home-sales market, prices have seemed to carry far more weight with buyers than low interest rates, according to local real-estate agents and brokers.
    2007-12-03 02:11:29

  • WaMu's Killinger, mortgage execs back government response to housing ...

    Seattle Times - WASHINGTON — Washington Mutual chief executive Kerry Killinger said today that, with home prices falling, problems are starting to be seen in home loans made to borrowers with strong credit. Killinger said he supports additional interest rate cuts ...
    2007-12-03 01:39:00

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