Mortgage and Financial News From 2008-2-14 Page 45

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• 4Q Florida real estate sales decline (Business Journal of Tampa Bay)

  There's more of the same for Florida's beleaguered real estate market: higher inventories, declining prices and tighter mortgage standards. The result is continuing bad news.
  2008-02-14 11:32:20

• U.S. mortgage rates incline slightly (Moldova.org)

  Interest rates for 30-year fixed-rate mortgages in the United States increased slightly in the last week, Freddie Mac reported Thursday.The average 30-year fixed interest rate was 5.72 percent with an average of 0.4 points for the week, the federally supported mortgage lender said. The rate was higher than the previous week's 5.67 percent.For the same week in 2007, 30-year fixed rate mortgages ...
  2008-02-14 11:38:58

• Fed Chief Leaves Room for Another Rate Cut (NYTimes.com via Yahoo! Finance)

  While continuing to avoid predictions of a recession, Ben S. Bernanke told a Senate panel on Thursday that the economic outlook had worsened.
  2008-02-14 11:40:01

• Outlook Hazy (Forbes)

  Congress calls in a troika of economic seers to predict the future of the U.S. economy.
  2008-02-14 11:44:41

• Quebec presents proposal for market-driven overhaul of forestry ...

  Canada East - ... dropped by a third after the subprime mortgage mess last summer reduced demand for housing in may parts of the country as riskier borrowers couldn't get financing for home purchases. Major defaults are expected this year as U.S. homeowners refinance ...
  2008-02-14 09:28:00

• Low cost home loans

  New Nation - Low cost home loans ... dozen banks and 17 financial institutions so far signed participation agreements to avail the Taka 300 crore housing refinance ...
  2008-02-14 09:35:00

• Help for homeowners trapped in pricey loans

  Santa Cruz Sentinel - This spells relief for some homeowners with adjustable-rate mortgages who have been unable to refinance because the value of their home has fallen. "For high-price areas like Santa Cruz, these changes mean loan ceilings will increase, making it easier ...
  2008-02-14 06:07:00

• Vector Shares Tumble on Earnings, Financing Outlook (Update3)

  Bloomberg - Finance chief Chris Gallaher today said he can't forecast Vector's funding costs for next year, as he seeks to refinance NZ$800 million of debt starting in April. ``It's not a great time to be going to the market'' to refinance debt, said ...
  2008-02-13 09:18:00

• Senate Democrats to float housing help: sources

  Reuters South Africa - You are here: Home > News > Politics > Article ... The bill would also give state and local governments the power to issue $10 billion in additional bonds to refinance troubled ...
  2008-02-14 09:57:00

• Area residents seek answers to their home financial woes

  Midland Daily News - SAGINAW -- Lee Burrage has a two-unit apartment house he'd like to get rid of, but if he can't do that, he'd like to refinance it. Someone "messed me around," the 77-year-old Saginaw man said, and he ended up with an adjustable-rate mortgage he didn ...
  2008-02-14 07:33:00

• Freddie Mac Eases Mortgage Insurer Capital Rules (Update2)

  Bloomberg - Falling values make it harder for borrowers to refinance or for lenders to recoup costs in a foreclosure, increasing claims. Median home prices fell in a record 77 U.S. metropolitan areas in the fourth quarter, dropping 5.8 percent from ...
  2008-02-14 10:25:00

• Home sales fall in 45 states in Q4

  USA Today - The OFHEO Home Price Index, more national in its scope, excludes higher-priced homes and ones financed by riskier mortgages, and it includes refinance appraisals. The OFHEO index is calculated solely using home loans of $417,000 or less that are ...
  2008-02-14 09:06:00

• UPDATE: Freddie Mac Alters Rules To Aid Mortgage Insurers - CNNMoney.com

  UPDATE: Freddie Mac Alters Rules To Aid Mortgage InsurersCNNMoney.com - 3 hours agoThe lack of liquidity in the housing market has made it difficult for borrowers to refinance or for lenders to resell foreclosed properties at profitable ...
  2008-02-14 07:25:50

• London shares up midafternoon, but off highs, as Wall St declines ... - CNNMoney.com

  London shares up midafternoon, but off highs, as Wall St declines ...CNNMoney.com - 2 hours agoConfidence in Barratt Developments was also hit today as traders speculated the housebuilder was thinking about a rights issue to refinance its debt, ...
  2008-02-14 07:53:52

• Area residents seek answers to their home financial woes - Midland Daily News

  Area residents seek answers to their home financial woesMidland Daily News, MI - 2 hours ago"Lenders that extended them put borrowers in an OK position, thinking in two, three years they could refinance because their home values were going up. ...
  2008-02-14 08:10:49

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