Mortgage and Financial News From 2007-9-20 Page 19

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• Loan warning would protect borrowers Subprime buyers didn't know terms ...

  MLive.com - ... ethically questionable, but it was not clearly against the law. And for every foreclosure today, there are some people sitting pretty even though they bought more house than they could afford - because they were lucky enough to refinance before home ...
  2007-09-20 07:17:00

• Jersey Football Fans Sacked for Tax Loss

  CFO.com - You are here: Home : Today in Finance : Article ... The New Jersey Sports and Exposition Authority voted on Wednesday to refinance debt related to the construction of the new ...
  2007-09-20 04:40:00

• FHA to ease pressure on cash-strapped home owners

  WBIR - For those who have not bought, they may see this as a positive sign to jump in," says Craig Strent, APEX Home Loans. With foreclosures up 36 percent in a month, the House voted to let the Federal Housing Administration refinance borrowers who've ...
  2007-09-20 05:08:00

• Fed's Bernanke predicts further mortgage turmoil

  Marketwatch - ... downpayments for borrowers, raise FHA loan limits and boost funds for housing counseling. The Senate Banking Committee approved a FHA reform bill on Wednesday, and in late August President Bush unveiled a plan designed to help borrowers refinance ...
  2007-09-20 07:31:00

• Long-term U.S. mortgage rates inch higher

  Marketwatch - On Wednesday, the MBA reported a seasonally adjusted 2.4% increase in mortgage application volume last week. The volume of refinance applications was up 4.6% last week, compared with the previous week. See full story.
  2007-09-20 08:36:00

• Congress is warned: Go easy on lending fix

  CNN Money - Charles Schumer (D-N.Y.), chairman of the Joint Economic Committee and a member of both the Senate banking and finance committees, has proposed making it easier for homeowners with subprime ARMs to refinance, while helping home buyers in high-cost ...
  2007-09-20 10:16:00

• Woman Found Beaten In Her Home (KCTV 5 Kansas City)

  Blue Springs police respond to a call on Wednesday and find a woman badly beaten in her home.
  2007-09-20 06:35:35

• Some Patterson Students Staying Home After Fights (KCRA 3 Sacramento)

  Some students in Patterson are planning to stay home from school on Thursday after a series of fights forced a lockdown at the high school.
  2007-09-20 07:48:21

• Metro Home Sales Down Slightly (KCCI 8 Des Moines)

  Des Moines-area home sales were relatively flat in August compared to a year ago, according to the latest figures from the Des Moines Area Association of Realtors.
  2007-09-20 09:19:20

• Deputies Investigate Fatal Home Invasion (WESH 2 Orlando)

  Deputies in Orange County search for clues after a fatal home invasion.
  2007-09-20 10:34:35

• Real home values could fall by $3 trillion (CNNMoney.com via Yahoo! Finance)

  If home prices fall as forecast, the $23 trillion housing market could lose $3 trillion in value by August 2008, a leading housing economist and former mortgage bank president told lawmakers on Wednesday.
  2007-09-20 10:18:00

• US STOCKS-Shares set to open flat as rate cut shine fades

  Reuters - ... Street estimates, calming some fears about the impact of the credit ... profit plunged 61 percent on bad bets on subprime mortgages and disrupted fixed-income trading. Federal Reserve Chairman Ben Bernanke said mortgage rate resets may lead to a ...
  2007-09-20 08:50:00

• Abbey under fire for 125% mortgage

  This is Money - The mortgage would immediately lock the buyer into huge negative equity - owing more ... Keith Tondeur, director of the debt advice charity Credit Action, said: 'There are ... If the borrower defaults then its a bad debt same as any other bad debt. it is a ...
  2007-09-20 08:50:00

• Fed chairman offers Congress assurances on mortgage crisis

  WAVY News 10 - ... Ben Bernanke (bur-NANG'-kee) is assuring Congress that steps will be taken to ease the mortgage ... And he says the Fed will take steps to crack down on abusive or bad lending practices. The Fed chairman says the credit crisis has created ...
  2007-09-20 06:56:00

• BOE Defends Stance in Crisis, German Banks Hit

  CNBC - ... King initially resisted intervening on the grounds that central banks should not save investors from bad ... Signs of Credit Pick-up Britain's biggest mortgage lender HBOS said on Thursday speculation it faced funding problems were "utter nonsense" and it ...
  2007-09-20 06:56:00

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