Mortgage and Financial News From 2008-1-4 Page 2

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  • Comments on this Story - Arizona Daily Star

    Comments on this StoryArizona Daily Star, AZ - 42 minutes agoBankrupt lender First Magnus Financial Corp. unloaded more than $16.7 million in construction loans for $5.25 million in a hearing Friday. ...
    2008-01-04 11:09:33

  • Personal bankruptcies rising in SD County - North County Times

    Personal bankruptcies rising in SD CountyNorth County Times, CA - 38 minutes ago... avoid foreclosure, while Republicans and the mortgage industry say expanding this power would make lenders far more reluctant to extend home loans. ...
    2008-01-04 11:13:31

  • South East most popular destination (Press Assoc. via Yahoo! UK & Ireland News)

    Around 2.5 million people have moved to the South East from other areas of the UK during the past 10 years, figures have shown.
    2008-01-04 08:45:57

  • David Hendricks: Credit score not always exact science (San Antonio Express-News and KENS 5)

    Consumers are told to buy their credit scores. The ones they buy, however, may be different from what their lenders see because many companies are devising their own credit scoring systems.
    2008-01-04 08:49:13

  • Weigh creative home financing (Seattle Post-Intelligencer)

    It's not easy to sell your home these days, but it's not all that easy to buy, either. Here's the problem in a nutshell: There's an excess of homes on the market, but the buyers who normally would be scooping them up (thanks to falling prices and low interest rates) can't get financing because the lenders have tightened up rules on whom they'll lend money to.
    2008-01-04 08:54:32

  • Increased foreclosures bring more scams (Mankato Free Press)

    It may be the ultimate example of kicking someone when they’re down. Homeowners facing foreclosure are increasingly being contacted by firms who want to rescue them. Instead, the troubled borrowers end up losing title to their homes or spending thousands of dollars in fees with no help returned.
    2008-01-04 09:43:26

  • Wills might need updates after move (Akron Beacon Journal)

    Q: My elderly parents (Dad is 90, Mom is 86) had been living in Florida for the past 20 years, but because of bad health, I moved them to California. Do they need to change their wills or do the provisions still apply ''as is''? I have power of attorney but would like to leave things as they are, if possible. — Beverly
    2008-01-04 10:50:26

  • U.S. Looks to Reverse Possible Recession (The Epoch Times)

    NEW YORK-Like Alan Greenspan before him, U.S. Federal Reserve Chairman Ben Bernanke's legacy will be defined by his ability to steer the U.S. economy away from a possible recession this year.
    2008-01-04 10:52:43

  • Ways to avoid buying surprises along with your new home (Tallahassee Democrat)

    Florida is among the leading states in foreclosure rates across the country, the result of falling home prices and increasing mortgage payments. As more and more foreclosed properties enter courthouse auctions, consumers may be enticed to buy the troubles of others at pennies on the dollar, planning either to live in the homes themselves or resell the properties for profit.
    2008-01-04 11:11:52

  • To sell a home in today's market, you may need 'creative financing' (Arizona Daily Star)

    It's not easy to sell your home these days, but it's not all that easy to buy, either. Here's the problem in a nutshell: There's an excess of homes on the market, but the buyers who normally would be scooping them up (because of falling prices and low interest rates) can't get financing because the lenders have tightened the rules on whom they'll lend money to.
    2008-01-04 11:24:22

  • Tips to improve finances in the new year

    Herald-Mail - ... such as a savings account, money market mutual fund or short-term CD ... be reallocated to repay other debts at progressively accelerated rates until eventually all debts are paid. The result can be hundreds, even thousands, of dollars saved on interest ...
    2008-01-04 03:43:00

  • Signs Pointing to Strong '08 for Bank Brokerages

    American Banker Online - At the same time, a tightening of margins on deposits and a squeeze on interest rates are hurting other profit centers in banks. ... We're trying to broaden the conversation from good yield curves on a CD to where that CD fits into that client's ...
    2008-01-04 03:53:00

  • Declining supply firms up prices at year end

    Edmonton Journal - This year, she foresees low interest rates, a strong economy, full employment and a good year for real estate. The 2008 RAE forecast will be presented Jan. 9 by incoming president Marc Perras of Realty Executives Challenge, a graduate of NAIT and the ...
    2008-01-04 12:37:00

  • Report urges flat tax for Canadians

    Windsor Star - ... to file a simple postcard-sized tax return, according to a report by a right-wing think-tank aimed at resurrecting interest in ... On the personal income-tax side, the existing four federal income tax rates are reduced to one low rate of 15 per cent. The ...
    2008-01-04 12:44:00

  • Sensex on a new high in first week of New Year

    Hindustan Times - ... 11 and 10,113.06 respectively at the weekend. Market players looked optimistic of a strong bull run as corporates will start announcing Q3 results from January 11 onwards coupled with Chidambaram's advise to state-owned banks to lower interest rates.
    2008-01-04 09:29:00

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