Mortgage and Financial News From 2007-8-21
Previous Day: 2007-08-20
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Ice Crashes Through Home, Strikes Boy (KGTV San Diego)
MODESTO, Calif. -- Authorities are investigating whether a bowling ball-sized chunk of ice that crashed through the roof of a home and struck a 10-year-old boy Monday came from a passing airliner, police said.
2007-08-21 12:01:01 -
Home loans are harder to come by (Daily Bulletin)
SAN FRANCISCO - Mortgage broker Ed Smith Jr. has been arranging home loans for 24 years, and it's never been tougher for him to close a deal than during the past few weeks of turmoil.
2007-08-20 09:35:39 -
How to Determine if it's Time to Refinance (The Bradford Era)
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators?
2007-08-21 02:32:37 -
Man's Body Found In Swimming Pool Of Home (Local 6 Orlando)
These are the mistakes you don't want to make when interviewing for a new job. More Don't hold a yard sale without reading our tips for success. More Whether you want to pay off some bills, remodel, or get a better rate, you can refinance your home online.
2007-08-20 06:08:22 -
Thornburg Sells Securities to Revive Home Lending (Update2) (Bloomberg.com)
Aug. 20 (Bloomberg) -- Thornburg Mortgage Inc., forced to stop taking home-loan applications last week because of a cash crunch, sold $20.5 billion of mortgage-backed securities at a discount to pay down debt it couldn't refinance. The shares fell more than 10 percent.
2007-08-20 03:59:51 -
Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way (Benton Evening News)
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt."
2007-08-20 09:07:57 -
Capital One and Thornburg lose $1.8bn
MSNBC - The US mortgage meltdown continued to spread on ... Reserve said it was cutting in half the interest rate penalty on its discount window, allowing banks to borrow directly from the Fed against a wide range of collateral, including most mortgages, at only ...
2007-08-20 11:36:00 -
Investors Tap Treasurys As Stocks Take Breather
Washington Post - ... was basically flat, but as turmoil in the market for mortgage and other risky assets continued, money gushed into ultra-safe, short-term U.S. government debt, driving down interest rates ... markets, while apparently calm yesterday, may have only been ...
2007-08-21 04:37:00 -
Credit card holders pay Rs 6,000 cr as extra charges in 10 yrs
Hindustan Times - Cash withdrawal on a credit card is a costly affair and must be used only in an emergency. Arnav Pandya tells you about the ... Credit card holders in India, who pay the highest rates of interest in the world, have been ripped of Rs 6,000 crore as "extra ...
2007-08-20 10:25:00 -
'If I'd read the fine print I'd have steered away'
Guardian Unlimited - We were originally looking for a 30-year fixed-rate mortgage. The kind of loan that we ended up getting was adjustable rate, interest only. I should have gone back and found a new loan with a different company. If I'd read the fine print maybe I ...
2007-08-20 11:01:00 -
Banks Tightening Mortgage Loan Requirements
WCPO - And, people who have to state their income like hairstylists and contractors are sometimes finding it hard to get a loan approved. "Stated income is no longer available," explained Carter. "What that basically was people who had good income, good ...
2007-08-21 02:21:00 -
PMI Provides Updated Portfolio Characteristics
MSN MoneyCentral - ... default and claim rates in certain portions of our U.S. mortgage insurance portfolio, including high LTV loans, ARMs, less-than-A quality loans, interest only loans and payment option ARMs. The diversification and characteristics of our mortgage ...
2007-08-21 12:41:00 -
Central bank: Subprime mortgage crisis does not affect Israeli economy (Haaretz Daily)
A month after the subprime mortgage crisis hit the United States and the effects began to be felt around the world, Bank of Israel Governor Stanley Fischer stressed the country's economic strength at a special press conference called yesterday in an attempt to reassure Israeli markets.
2007-08-21 12:30:47 -
Fitch Affirms Morgan Stanley Capital I Trust 2003-IQ4 (Business Wire via Yahoo! Finance)
NEW YORK----Fitch Ratings affirms Morgan Stanley Capital I Trust's commercial mortgage pass-through certificates, series 2003-IQ4 as follows: $58.3 million class A-1 at 'AAA'; $449.7 million class A-2 at 'AAA'; Interest-only class X-1 at 'AAA'; Interest-only class X-2 at 'AAA'; $18.2 million class B at 'AA+'; $23.7 million class C at 'A+'; $4.5 million class D at 'A'; $7.3 million class E at ...
2007-08-20 06:09:00 -
Democratic contenders call for mortgage regulation amid turmoil (Market Watch)
WASHINGTON (MarketWatch) -- As the carnage widens from the subprime mortgage meltdown, Democratic presidential candidates are putting more emphasis on the plight of homeowners and calls for more regulation rather than on investors and falling financial markets.
2007-08-20 08:49:37