Mortgage and Financial News From 2008-2-14 Page 41

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• Contra Costa stuck in housing fallout - Contra Costa Times

  Contra Costa stuck in housing falloutContra Costa Times, CA - 41 minutes agoHoping to stave off foreclosure, he pays two-thirds of his mortgage each month while he struggles to reach his lender. He says he gets 20 calls a month, ...
  2008-02-14 12:11:08

• Foreclosures nearly equal home sales in January - Sacramento Bee

  Foreclosures nearly equal home sales in JanuarySacramento Bee,  USA - 39 minutes agoEvery business day during January in the region an average of 85 people lost their homes to lenders, almost double the number of foreclosures from September ...
  2008-02-14 12:12:51

• The Haunted Housing Market - U.S. News & World Report

  The Haunted Housing MarketU.S. News & World Report, DC - 39 minutes agoLenders have disqualified thousands of potential buyers. A third of planned home sales were canceled or delayed last fall, in large part because the buyers ...
  2008-02-14 12:12:54

• Fed chief sees room to reduce rates again - International Herald Tribune

  Fed chief sees room to reduce rates againInternational Herald Tribune, France - 38 minutes agoBernanke acknowledged that banks and other lenders had been pulling back, because of increased risk-aversion and because they had been forced to book huge ...
  2008-02-14 12:13:39

• When Hillary Clinton fixes the housing market, she really fixes it. - Atlantic Online

  When Hillary Clinton fixes the housing market, she really fixes it.Atlantic Online - 34 minutes agoIt will, of course, be very bad for anyone who happens to be a mortgage lender--aka the people the rest of us want to borrow money from in order to buy ...
  2008-02-14 12:17:35

• Hints for First Time Home Buyers - VillageSoup Belfast

  Hints for First Time Home BuyersVillageSoup Belfast,  USA - 34 minutes agoHow much can I borrow to buy a home? The amount you may borrow depends on your financial situation. Your lender will work with you to figure out how much ...
  2008-02-14 12:17:38

• CUBS positioned to avoid margin pressure - The Sheet

  CUBS positioned to avoid margin pressureThe Sheet, Australia - 22 minutes agoSpeaking at a panel yesterday Paul Lahiff, chief executive officer Mortgage Choice, said “the answer is yes”, when asked if, given the fact that some ...
  2008-02-14 12:29:48

• Bay area home sales plunged in January - Forbes

  Bay area home sales plunged in JanuaryForbes, NY - 14 minutes ago... government-backed mortgage finance companies Fannie Mae (nyse: FNM - news - people ) and Freddie Mac (nyse: FRE - news - people ) will buy from lenders. ...
  2008-02-14 12:38:03

• Willamette Valley Bank earnings jump - Bizjournals.com

  Willamette Valley Bank earnings jumpBizjournals.com, NC - 12 minutes agoThe bank (OTCBB: WLMT) recently opened six home loan offices in Oregon. The Salem-based lender also operates full-service bank branches in Salem, ...
  2008-02-14 12:39:43

• Senate Democrats Prepare Housing Stimulus Package - Helicopter Association International

  Senate Democrats Prepare Housing Stimulus PackageHelicopter Association International, VA - 10 minutes ago... to allow bankruptcy judges to restructure some risky home mortgages on the verge of foreclosure, a provision bitterly opposed by mortgage lenders that ...
  2008-02-14 12:41:26

• Rates agony: expect to be bitten again (Queanbeyan Age)

  HOME OWNERS reeling from the 11th official interest rate rise in a row should brace for worse to come - possibly as soon as next month - after the Reserve Bank warned of "significant inflation pressures" on the economy.
  2008-02-14 12:29:55

• Willamette Valley Bank earnings jump (BizJournals)

  Willamette Valley Bank said Thursday its 2007 earnings increased 18.8 percent to $823,394.
  2008-02-14 12:30:33

• Lawyer Predicts Clemens Will Be Pardoned (WMTW Auburn)

  One of Brian McNamee's lawyers thinks President George W. Bush will pardon Roger Clemens.
  2008-02-14 12:33:26

• Cerberus says GMAC may face difficulty: report (EARTHtimes.org)

  NEW YORK (Reuters) - GMAC LLC, the auto and mortgage lender controlled by Cerberus Capital, may face substantial difficulty if credit markets do not improve, Cerberus founder Stephen Feinberg wrote in a January letter to investors, Bloomberg News reported on Thursday.
  2008-02-14 12:42:06

• Heat Visit The Windy City (NBC 5 Chicago)

  A pair of disappointing teams square off this evening in the Windy City, as the Miami Heat pay a visit to the Chicago Bulls at the United Center.
  2008-02-14 12:43:45

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