Mortgage and Financial News From 2008-6-26 Page 01
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Home prices fell: All bad news? - Walletpop.com
Tuesday's news that home prices in 20 major cities have fallen over 15% from a year ago were not terribly shocking to many of us. If you watch the news or pick up a newspaper, you've got to know that homes have been selling for less. Of course, lower ...
2008-06-25 08:34:00 -
Durables Look Decent; Mortgage Activity A Mystery - Forbes
Mortgage applications keep dropping in the United States, but durable orders seem to be staying afloat. The Mortgage Bankers Association reported Wednesday morning that the mortgage application volume index dropped by 9.3% last week, to 461.3, its ...
2008-06-25 11:12:00 -
Renovators in Limbo - Wall Street Journal
Lenders are cutting off more home-equity lines of credit, crimping homeowners' plans for honed-stone tiles, copper roofs and other costly improvements. Borrowing against home equity has been a major source of funds fueling the renovation boom of ...
2008-06-26 07:17:00 -
Realty Q&A: Homeowner wants to refinance, but bank suggests a short sale (Market Watch)
Question: My first mortgage is an interest-only loan at 4.75% with a balance of $287,967, and a second mortgage with another lender. It is due to reset on March 31, 2009. I wanted to refi now before the loan adjusts, so I called the lender and submitted all the documents.
2008-06-26 04:53:14 -
Homebuilding industry in doldrums (Tooele Transcript-Bulletin)
Tooele County’s residential construction industry appears to be at a virtual standstill, with few projects being built, sold or planned, according to industry experts.
2008-06-26 06:06:36 -
Obama, McCain Likely to Step Up Government Role in U.S. Economy (Bloomberg.com)
June 27 (Bloomberg) -- An era of active government may be approaching -- no matter who wins the presidency. In a variety of areas -- from oil-futures trading and investment banking to climate change and home mortgages -- Republican John McCain and Democrat Barack Obama both see a bigger government role in the economy.
2008-06-26 10:19:31 -
Report: Region not immune to national economic downturn (The Journal News)
POUGHKEEPSIE - A new report shows the ailing national economy is beginning to take its toll on the Hudson Valley, a region that heretofore has weathered economic wallops, such as the attacks of Sept. 11, 2001.
2008-06-26 11:37:41 -
Take a walk and check out Fort De Soto's birds - St. Petersburg Times
Looking for something different to do Saturday? How about a family nature walk? Lace up the walking shoes and enjoy the beauty of Fort De Soto Park with a free guided one-hour walk that will focus on bird watching. Registration is required. Call the ...
2008-06-25 06:18:00 -
reverse mortgage 101 - Town Hall
Barack Obama will fight for equal rights for gays just as he fought to help working-class families overcome poverty, the Democratic presidential hopeful's wife told a gay Democratic group Thursday.Recalling his past work as a community organizer to ...
2008-06-25 05:53:00 -
States also offer VA loans (Bankrate.com via Yahoo! Finance)
Some states offer loans or down payment help for veterans that might be even better deals than the federal VA loans.
2008-06-26 03:00:00 -
Home help stalled (Wapakoneta Daily News)
Senator fights for foreclosure rescue bill By WILLIAM LANEY Managing Editor As a foreclosure rescue bill grounded to a halt Wednesday, a lawmaker from Ohio released estimates each Ohio community would receive if the bill passes Congress.
2008-06-26 12:28:48 -
FINRA Warns Investors About Compromising Important Assets In Uncertain Economic Times (Centre Daily Times)
Mary Schapiro, CEO of the Financial Industry Regulatory Authority (FINRA), expressed deep concern today that some investors may be trying to cope with rocky economic conditions by putting their most valuable assets at risk in an effort to raise cash quickly.
2008-06-26 01:15:38 -
East Oakland shows signs of being epicenter of foreclosure crisis, but neighbors have plans (Contra Costa Times)
Neighbors in East Oakland working to reverse tide of foreclosures sweeping neighborhood
2008-06-26 03:26:40 -
Stocks Nosedive - Washington Post
Surging oil prices combined yesterday with mounting anxiety over the health of such disparate industries as banking, auto manufacturing and technology to send the Dow Jones industrial average tumbling by 3 percent to its lowest level in almost two ...
2008-06-26 09:19:00 -
Global stocks slide into the red - BBC Business
Global markets have suffered heavy falls after a raft of bad news including a fresh record for the price of oil. Traders digested news that oil traded at more than $140 a barrel in New York and reacted to signs that the global credit crunch was far ...
2008-06-26 05:51:00