Mortgage and Financial News From 2007-8-18 Page 01
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Borrowers with good credit are paying higher rates
AZCentral.com - Jason Godfroy, a teacher, recently set a $465,000 asking price for his four-bedroom colonial in Adamstown, Md., on the advice of his agent, John MacArthur. "To get people in, (they) had to be able to get a conforming loan" and not a jumbo mortgage, Mr
2007-08-16 11:41:00 -
City calls for calm as FTSE threatens to fall further
The Independent - My advice is not to panic. But it is going to be a difficult few weeks for the market." The FTSE 100 index closed the week ... Authority, the City regulator, is pressing banks to disclose how badly they have been hit by the US sub-prime mortgage crisis ...
2007-08-18 11:03:00 -
Company bankrupt? It's best to stay away
Seattle Post Intelligencer - SOME INVESTORS SEE the troubles in the mortgage and real estate industries as an opportunity to go bargain hunting for ... Michelle Singletary welcomes comments and column ideas, though she cannot offer specific personal financial advice. Her e ...
2007-08-18 12:37:00 -
Buying a Home During the Storm
Motley Fool - The best advice I can give in the current mortgage market is pretty simple: Whether you're seeking a basic conforming 30-year fixed mortgage, a subprime loan, or a non-standard loan like a "jumbo" mortgage or a no-down-payment arrangement, research ...
2007-08-16 07:09:00 -
Market Report: Alliance & Leicester slumps on bid scepticism
The Independent - ... most analysts were focusing on Northern Rock, with Shore Capital reiterating its "sell" advice and JP Morgan downgrading the shares to "underweight", Goldman Sachs turned its attention to Alliance & Leicester. Compared withthe rest of the mortgage ...
2007-08-16 10:08:00 -
U.S. law firms see opportunity in market tumult
Reuters - Litigation against lenders and banks stemming from the subprime mortgage market turmoil also is a growing area, as is providing advice to hedge funds that made wrong-way bets on risky home mortgages and may need to be liquidated and defended from ...
2007-08-16 08:42:00 -
America's biggest mortgage firm at risk
Belfast Telegraph - Shares in Countrywide Financial plunged a further 13 per cent yesterday amid continuing turmoil in the US mortgage market ... Merrill Lynch abandoned a longstanding "buy" rating on Countrywide shares, and investors followed its new advice to sell ...
2007-08-16 10:37:00 -
Bogle: 'Hope Will Return'
BusinessWeek - ... continued its volatile run Aug. 16, with the Dow Jones industrials plunging more than 300 points after problems at mortgage ... veteran, who recently wrote The Little Book of Common Sense Investing , recommends at least two pieces of sage advice: First ...
2007-08-18 12:44:00 -
Editorial comment: Fed action steadies markets
Financial Times - But for an average investor with a mortgage, pension, and a bit of money in the stock market, inactivity is probably the best advice. The crisis in the markets started with US subprime mortgages but no longer has much to do with them. Two things have ...
2007-08-17 06:39:00 -
Volatile Mortgage Market
Best Syndication - So what is going on with all the mortgage companies? Either they shutting their doors down or some of them stopped funding ... Syndication is for informational purposes only and is not meant to be advice. You should always seek professional advice ...
2007-08-16 12:54:00 -
Mortgage foreclosure scams emerging, bureau warns
Springfield News-Leader - The BBB offers the following advice for homeowners facing mortgage foreclosure: • Contact your BBB or go to www.bbb.org to request a free Reliability Report before paying any “rescue†company. You can also check with your state Attorney General ...
2007-08-16 06:41:00 -
Investors must sit tight amid global stocks turmoil: British press
ABS-CBN - For an average investor with a mortgage, pension, and a bit of money in the stock market, inactivity is probably the best advice," the Financial Times said in a leader column published on Saturday. The advice came after a rollercoaster week for global ...
2007-08-18 06:24:00 -
IFC Investment, New Toolkit to Help Develop Mortgage Lending in Ghana
WebWire - IFC, in partnership with SECO, the State Secretariat for Economic Affairs of Switzerland, is already providing advice to the three banks on developing and implementing standard mortgage products, origination and servicing policies, and industry ...
2007-08-17 02:22:00 -
Time to tap your HELOC for an investment? Get some advice first
Maryland Daily Record - Any bank or mortgage broker who wants to loan you money for a home equity line knows it’s in their best interest to lend right up to your credit limit. They make more money that way. Yet just because you qualify for a home equity line doesn’t ...
2007-08-17 10:00:00 -
Nontraditional advice
Minneapolis Star Tribune - Midwest Air to go to Northwest and TPG Northwest agrees to talk with attendants Fed cuts discount rate More mortgage fallout: ResCap debt cut to junk Good data in, good food out They go by the term "nontraditional couples" -- otherwise known as ...
2007-08-17 03:48:00