Mortgage and Financial News From 2007-12-13 Page 16

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• Economy shifting focus of campaign

  Fort Lauderdale Sun-Sentinel - Higher prices for gasoline and home heating oil, stock market volatility and rising mortgage foreclosures account for ... hopes to stabilize the housing market and help some homeowners by freezing their mortgage rates so they have time to refinance ...
  2007-12-13 06:54:00

• Fitch: U.S. Freight Transportation to be Pressured by Weaker Demand in ...

  Forbes - ... to the slowing U.S. economy, as weakness in the residential construction and auto manufacturing industries, falling home ... for most truckers, those with significant maturing debt obligations in 2008 may need to access the capital markets to refinance ...
  2007-12-13 06:32:00

• Real estate sales, prices drop again

  Pioneer Press - Such declines aren't a huge concern to most homeowners unless they want to sell their house, refinance their mortgage or get a home-equity loan. But the price slide can clobber people in the market. Would-be buyers are a little less willing to ...
  2007-12-13 07:01:00

• No Sign of Relief for Texas Mortgage

  PR.com - ... forward with business as usual and have continued moving forward with our online website development and have increased market spending with hopes the lowered rates will prime the refinance business. We have closed over 3 million in houston home ...
  2007-12-13 07:15:00

• Interest rate cuts affect everyone in different ways

  Carroll County Times - By lowering the interest rate, the Fed is making it easier for some of these people to refinance their loans at a lower fixed rate. Anyone thinking of buying a home just got a break on their payments as well. With lower interest rates, I can ...
  2007-12-13 05:56:00

• Fannie, Freddie New Fees Bite Borrowers

  Street.Com - It's bad enough that we got squeezed out of the housing market as property values soared, only to get stuck with a home ... In fact, we'd probably have to pay the fee even if we want to refinance our 10-year adjustable-rate mortgage. At this point ...
  2007-12-13 09:02:00

• Foreclosure crunch hits home in Stockton

  Los Angeles Times - We just thought we'd be OK," he said, explaining that he and his wife had planned to use what they'd expected to be the rising equity in their home to refinance the adjustable loan at a lower rate. It was a bet that backfired. Like homes almost ...
  2007-12-12 08:09:00

• Killer's wife charged with fraud to pay his legal bills (The Fresno Bee)

  The wife of a convicted killer faces federal fraud charges for allegedly lying to refinance her home to pay her husband's legal bills.
  2007-12-13 10:17:05

• Car loan shouldn't hurt home refinance (Bankrate.com via Yahoo! Finance)

  If you have good credit, a new car loan shouldn't hamper your ability to refinance a home loan, says Dr. Don Taylor.
  2007-12-13 03:00:00

• Lone Star set for £850m exit from Tokyo Star

  Times Online - As credit crunch keeps bidders at bay, aggressive Japanese buyout fund Advantage ... for the stake since April, but its efforts were scuppered by the sub-prime mortgage ... The mainly Tokyo-based bank collapsed in 1999, buckling under the weight of bad ...
  2007-12-13 05:42:00

• U.K. Stocks Fall; HSBC, HBOS, Rentokil, Elan Lead the Retreat

  Bloomberg - ... after Capital One Financial Corp. said a slowing economy may cause bad debts to exceed the company's forecast. HBOS Plc slid after the U.K.'s biggest mortgage ... Capital One is the best proxy for HSBC Finance Corp.'s credit card business ...
  2007-12-13 06:54:00

• US banks reveal more debt losses

  BBC News - Many people on low incomes or with bad credit took advantage of rock-bottom mortgage repayments to get on the property ladder. A lucrative market sprung up whereby these sub-prime mortgages, as they are called, would be packaged along with other ...
  2007-12-13 12:20:00

• Debt charities braced for crisis

  Western Telegraph - ... the Christmas period once they have received their credit card statement in January/February," he added. This year is expected to be particularly bad as household finances have also come under increasing pressure during 2007 from higher mortgage ...
  2007-12-13 07:58:00

• HBOs shrugs off £180m credit

  MSN UK News - Halifax Bank of Scotland has shrugged off a £180 million credit crunch blow and ... HBOS added it had recovered its share of the new mortgage market during the second ... HBOS added that bad debt charges at its banking business were set to be lower in ...
  2007-12-13 02:36:00

• Three banks joining parade of bad news

  Seattle Times - ... will set aside to cover bad loans for the last three months of the year will be more than twice as much as in the third quarter. The disclosures come as a number of the nation's banks have forecast increasing credit losses over the subprime-mortgage ...
  2007-12-13 01:31:00

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