Mortgage and Financial News From 2008-7-20 Page 11
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Found your house? Keep your eye on closing fees (Chicago Tribune)
You looked hard to find the right house. You negotiated the right price and shopped around for the best mortgage rate.
2008-07-20 07:05:56 -
Taking Stock Of Our Economic Woes (CBS News)
We're taking stock of our country's economic woes this morning. Everyone knows we've been through some tough times of late. But does anyone really know how to turn things around? Our cover story is reported by Rita Braver .
2008-07-20 07:30:05 -
Sovereign wealth funds likely to turn to Asia (International Herald Tribune)
The trouble at Fannie Mae and Freddie Mac, the U.S. mortgage finance companies, may discourage sovereign wealth funds from buying dollar-denominated assets, but the euro is not likely to be the main beneficiary.
2008-07-20 08:01:35 -
California expands suit against Countrywide (ABC11 Raleigh-Durham-Fayetteville)
State officials expanded a previously filed lawsuit against Countrywide Financial Corp., adding allegations on Thursday that the mortgage lender rewarded staff for selling risky loans.
2008-07-20 08:28:33 -
Credit problems may arise if interest rates rise by 200 bps (Philstar.com)
Bankers are concerned that a credit problem may arise if the interest rates go up by 200 basis points (bps) or higher.
2008-07-20 08:59:26 -
St. Joe's Prof. Gives Financial and Foreclosure Advice - KYW News radio
Last month's foreclosure activity in Pennsylvania out-paced the national rate. The number of homeowners who fell behind in mortgage payments also surged. Are you at risk of not having enough money to meet payment deadlines? More than 4,000 ...
2008-07-18 05:22:00 -
Churches step in as financial gloom grows - MSNBC
Following the advice of their pastor, the men and women shuffled to the altar, cut up their credit cards and placed them near his feet. "If we want to have victory, we have to come out of financial bondage," the Rev. John K. Jenkins of First Baptist ...
2008-07-20 06:39:00 -
'Confidence' low? Time to buy - Chicago Sun-Times
This too shall pass. In life, as well as the financial markets, that's useful advice. It's the nag of wariness in good times and comfort in the bad times. It's important to keep it in mind because Wall Street, despite advances last week, still looks ...
2008-07-20 02:07:00 -
ACORN tries to help prevent foreclosures - Cincinnati.com
On Saturday, she was among a handful of professionals from various institutions including mortgage lenders offering free advice in the basement of St.
2008-07-20 02:21:00 -
Property advice: Need to know - Daily Telegraph
Have you heard about "sale and leaseback"? That is when a property is sold at a discount, with the vendor continuing to occupy it as a tenant and paying rent. It is sometimes advertised as "mortgage rescue". Although commonplace in commercial ...
2008-07-19 03:01:00 -
Foreclosures create new class: 'Accidental renter' - Chicago Tribune
The housing slump has created another type of pain: the suffering of people who find themselves navigating a tight rental market after losing their home. Hundreds of thousands of former homeowners have been scrambling to find a place to rent. Yet ...
2008-07-20 12:05:00 -
FSA steps up mortgage fraud battle - Financial Times
The police constable earned nothing like £68,000, nor did he work part-time as a security consultant. Yet his mortgage application confidently asserted both claims as fact - and left him facing a disciplinary investigation by his own force ...
2008-07-18 06:58:00 -
Television - National (Scoop.co.nz)
A south Taranaki man says he feels lucky to be alive after a bolt of lightning struck his house last night.
2008-07-20 01:41:47 -
Television - National (Scoop.co.nz)
The world's most famous artist and inventor, Leonardo Da Vinci, may have met his match. The interest in Fred and Myrtle's paua house in the Canterbury Museum is so strong, visitors have been queuing out the door to get a taste of kiwi kitsch.
2008-07-20 01:42:47 -
ANGELO'S ASHES BURNED US (New York Post)
On July 24, 2007, then-Countrywide Financial CEO Angelo Mozilo jumped onto a conference call announcing the second-quarter results of his company, the largest mortgage provider in the US with a 15 percent market share. At the time, the housing and...
2008-07-20 01:57:18