Mortgage and Financial News From 2008-1-18 Page 66

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• Taming the Foreclosure Monster (PRWeb)

  Most consumers do not know that there are solutions and options to protecting their home. Intimidated by banks, lost in the turmoil of insufficient funds to pay the mortgage, homeowners are losing their properties at record rates and with great personal devastation -- when often they don't have to.An expert in the field of real estate law, foreclosures and bankruptcies, Timothy G. McFarlin, PLC ...
  2008-01-18 12:19:07

• Fund stops investor withdrawals

  BBC Business - Aegon UK, which runs the fund, blames the rush to the exits on concerns about the US sub-prime mortgage collapse, recession worries and interest rates. Friends Provident took the same action with its property fund last month. Regular income ...
  2008-01-18 12:34:00

• Analysis shows growing divide between rich, poor in Dallas-Fort Worth ...

  Dallas Morning News - The mortgage market meltdown and rising foreclosure rates have widened the divide between rich and poor in the North Texas housing market. And higher commuting costs are also coming into play. Neighborhoods with large numbers of expensive homes and ...
  2008-01-18 01:53:00

• Pressure put on Fed for kick-restart

  Chicago Tribune - Mortgage rates have been dropping steadily. In short, Bernanke's program is following the script. But banks face more losses and a lost confidence in the wake of their failed investment products tied to subprime mortgages. "It's not the Federal Reserve ...
  2008-01-18 02:00:00

• Analyst's upgrade gives Boston Scientific a boost

  Boston Globe - 30-, 15-year mortgage rates are on the decline Rates on 30-year mortgages dropped for a third straight week to the lowest level since the summer of 2005 as worries ...
  2008-01-17 09:43:00

• US holiday retail sales in Nov-Dec show healthy growth on YoY basis ...

  Forbes - The ratings agency however said the retail industry is beginning to see narrowing profit margins due to rising costs, and weaker demand is likely as consumers face a housing recession, higher mortgage rates, and rising fuel costs. S&P, however, said ...
  2008-01-17 09:21:00

• 30-year mortgage rates dip further

  Independent - WASHINGTON (AP) – Rates on 30-year mortgages dropped for a third straight week to the lowest level since the summer of 2005 as worries intensified about the current economic slowdown. Freddie Mac, the mortgage company, reported Thursday that 30 ...
  2008-01-17 05:54:00

• 30-Year Mortgage Rates Still Falling

  Hartford Courant - Rates on 30-year mortgages dropped for a third straight week to the lowest level since the summer of 2005 as worries intensified about the current economic slowdown. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate ...
  2008-01-17 06:29:00

• Housing starts for Dec. at lowest level since 1991

  Philadelphia Inquirer - The National Association of Realtors' existing-home figures for December will be issued Thursday. The three-week decline in fixed mortgage rates - the result of continued perceived weakness in the economy - has boosted mortgage applications and ...
  2008-01-17 11:59:00

• Wall Street's 'overreaction'

  Baltimore Sun - For example, 30-year mortgage rates have dropped below 6 percent to the lowest level in more than two years, a boon for many people hoping to take advantage of falling home prices. But on Wall Street the gloom has just thickened in the new year. Major ...
  2008-01-18 01:46:00

• Banks not raising savings rates

  News.com.au - The major banks moved their mortgage rates within days of the RBA's move in November, which came ahead of the rush of unofficial rate rises ordered by the banks in the past fortnight. Consumer Action Law Centre policy director Gerard Brody said the ...
  2008-01-17 05:03:00

• Anxiety heightens about the economy as mortgage rates go lower

  Chicago Sun-Times - Rates on 30-year mortgages dropped for a third straight week to the lowest level since the summer of 2005 as worries intensified about the current economic slowdown. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate ...
  2008-01-18 01:53:00

• State economy to hold steady as US courts recession - Tuscaloosa News (subscription)

  State economy to hold steady as US courts recessionTuscaloosa News (subscription), AL - 44 minutes agoThe center doesn’t predict growth rates for particular areas but uses past performance as a guide for a short-term look into the future. ...
  2008-01-18 01:38:23

• Green mortgages 'struggle to compete with rates' - Introducer Today

  Green mortgages 'struggle to compete with rates'Introducer Today, UK - 30 minutes ago... green mortgage products are growing slowly but find it hard to attract borrowers looking for the best rates, according to Alison Rolls of Norwich and ...
  2008-01-18 01:51:48

• Banks move towards price war - DutchNews.nl

  Banks move towards price warDutchNews.nl, Netherlands - 29 minutes ago'We will use part of the savings to sharpen up mortgage interest rates and increase the interest on savings,' ING Nederland chairman Nick Jue told the paper ...
  2008-01-18 01:53:14

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