Mortgage and Financial News From 2008-2-19 Page 5

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  • Recession Survival Guide Released by Dolans.com (PR Newswire via Yahoo! Finance)

    Don't be lulled into a wait-and-see attitude by pundits debating the finer points of recession, warn personal finance experts Ken and Daria Dolan. The majority of Americans polled now believe we're in our first recession since 2001.
    2008-02-19 07:22:00
  • A.M. Best Special Report: Banks, Lenders Urged to Do More for Troubled Mortgage Loans (Centre Daily Times)

    As more homeowners face foreclosure, regulators and lawmakers have urged banks and lenders to modify upwards of 1.8 million hybrid adjustable-rate mortgages (ARMs) made to subprime borrowers. These ARMs, with below-market introductory "teaser" rates typically for two or three years, will reset in 2008 and 2009 to interest rates that are substantially higher than market rates.
    2008-02-19 08:26:57
  • Hello `rebate cheque`, goodbye to credit card debt (Business Standard India)

    Now that your economic stimulus cheque is in the mail, what do you do with it once it’s in hand? Want to stimulate your own finances? Consider using your rebate to pay down debt or to refinance. You may have to shelve plans for a vacation or a big-screen television.
    2008-02-19 10:50:49
  • HUD Mulling How to Widen FHA Refi Net (Financial Planning.com)

    The Federal Housing Administration is planning to loosen some of the requirements of FHASecure—a centerpiece of the Bush administration's plan to stem the tide of foreclosures—after criticism that the program has not helped enough borrowers.
    2008-02-19 10:52:38
  • Will new plan to help homeowners help enough of them? (WSAV Savannah)

    It's called Project Lifeline and it's the latest program to help those that may be facing foreclosure.
    2008-02-19 03:42:50
  • Find the Best Deal on Refinancing Your Home (Richfield Reaper)

    (ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change?
    2008-02-19 03:57:26
  • Non-doms feel the vice tightening

    Financial Times - Banks expect some clients to pay off their mortgages, while others will remortgage using an onshore mortgage, which typically offers better rates. Others will keep their offshore mortgages in place, but will restrict the number of days they spend in ...
    2008-02-19 02:15:00
  • Refinance not best choice for everyone

    Boston Globe - Fixed 30-year mortgage rates are still reasonable, and below 7 percent. Who knows what rates will be a year from now? DEAR BENNY: I own a rental property. When my previous property manager received late fees from tenants who were slow in paying their ...
    2008-02-17 03:58:00
  • Mortgage Companies Join Foreclosure-Freeze Effort (Update2)

    Bloomberg - Project Lifeline'' expands on a Treasury-brokered agreement with mortgage servicers to freeze interest rates for five years on some adjustable subprime mortgages. The new effort directs struggling borrowers with subprime, ``Alt-A'' and prime loans to ...
    2008-02-19 12:07:00
  • Obama says Clinton's housing plan helps rich

    CNBC - Robert Losey, an associate professor of finance and real estate at American University, said a five-year moratorium in the subprime sector could result in higher rates for other borrowers if banks and other mortgage providers cut back on their ...
    2008-02-19 03:56:00
  • Obama, McCain win Wisconsin

    Houston Chronicle - We're sorry, but the article you requested is not currently available on Chron.com . If it's an older article that you had bookmarked, you may be able to find it in the archives . If you got to this page from a current link on our site, then it's an ...
    2008-02-19 06:55:00
  • Get set to enjoy rates party while it lasts

    Times Online - The lack of interest in courting new customers is then likely to be reflected in lower rates. And if it is to get back into the mortgage market with better deals while proving that it has a safe business model, savings rates will have to be lowered ...
    2008-02-19 02:23:00
  • Obama touts policies in San Antonio meeting

    Houston Chronicle - Hillary Clinton's plan to freeze home mortgage rates, saying it would "reward folks who made this problem worse," while not doing enough to help "struggling homeowners who need help the most." Obama strode on stage a minute or so after the roundtable ...
    2008-02-19 02:01:00
  • Obama Returns To the Lone Star State

    CBS News - At the roundtable, Obama called Clinton’s proposal to freeze mortgage rates “disastrous”. “She says we need to freeze the monthly rate on existing adjustable rate mortgages for at least five years,” Obama said. “That will reward folks ...
    2008-02-19 02:51:00
  • Candidates Differ on Housing

    Wall Street Journal - Obama called his colleague's plan to freeze mortgage rates "disastrous." Mr. Obama proposes tough penalties on lenders that steered homeowners into subprime mortgages, and tax credits for struggling homeowners to cover mortgage interest payments, but ...
    2008-02-19 07:30:00