Mortgage and Financial News From 2007-11-5 Page 17

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  • Is buying home today a good investment?

    Boston Online - When interest rates dropped, one mortgage was exchanged for another, sometimes several times within one year. As home values rose, cash-out refinances allowed homeowners to pull equity out of their homes to remodel, send children to college, take ...
    2007-11-05 05:51:00

  • UPDATE 2-PIMCO: Fed "can't afford" to let housing crack

    Reuters - The problems in the mortgage market stem from subprime and Alt-A loans with adjustable rates that are suddenly resetting upwards, said Gross. "We've only begun to see the pain from the standpoint of the homeowner in terms of those monthly payments ...
    2007-11-05 07:24:00

  • PIMCO: Fed "can't afford" to let housing crack

    Reuters - The problems in the mortgage market stem from subprime and Alt-A loans with adjustable rates that are suddenly resetting upwards, said Gross. "We've only begun to see the pain from the standpoint of the homeowner in terms of those monthly payments ...
    2007-11-05 07:24:00

  • Trichet May Jettison Rate Rise Even as Prices Surge (Update1)

    Bloomberg - It finally changed both its tune and its policy in September, cutting rates after defaults in the U.S. subprime-mortgage market led to a collapse in commercial credit. The ECB may be in a similar period after market turmoil wrecked ...
    2007-11-05 08:29:00

  • Mortgage Marvel, a New Mortgage-Shopping Web Site, Takes the Pain out ...

    TMCnet - MEQUON, Wis. --(Business Wire)-- Even in a fluctuating real-estate market, people are mortgage shopping. And according to a recent study by Forrester Research(1), they're increasingly using the Internet to research and compare mortgage rates and fees ...
    2007-11-05 09:26:00

  • Answer Desk: How do Fed cuts affect me?

    MSNBC - Treasury bond is a little cheaper than it was five minutes ago, that tends to bring mortgage rates down. (Though rates on new mortgages are usually set only once a day.) So it’s entirely possible that a cut in short-term rates by the Fed could have ...
    2007-11-05 08:29:00

  • Considering bankruptcy due to rising mortgage rates?

    White Plains Journal News - HARRISON -Are you considering filing bankruptcy as a way to protect your home from rising mortgage interest rates? If so, we want to hear your story. The Journal News is looking for readers who have filed, or are considering filing, for bankruptcy in ...
    2007-11-05 09:19:00

  • Crunch day for Libs on interest rates (The Age)

    It will be a decision that could shake the Coalition's grip on vital mortgage belt seats. But in an unprecedented move during an election campaign, the Reserve Bank board is expected to lift interest rates for the sixth time since 2004.
    2007-11-05 06:46:26

  • Can we bury CO2 in North Dakota prairie?

    Minneapolis Star Tribune - 2 St. Paul boys charged over threats at school Veterans Home residence ordered closed 3 defendants in mortgage fraud case plead guilty Missing Edina man found in Wisconsin When is a yard sale not a yard sale? Not long ago, the North Dakota prairie ...
    2007-11-03 03:58:00

  • No matter the verdict, Shields will pay dearly

    Kansas City Star - After two weeks of testimony in the federal mortgage-fraud case in which the four are charged, a verdict is possible today. But no matter what the jurors decide, we know this already: Shields’ political career is dead. Likely, she’ll never hold ...
    2007-11-04 04:22:00

  • Equifax Equips Financial Institutions with Valuable 'ARM' Mortgage ...

    MSN MoneyCentral - ... new solution to help financial institutions determine the likelihood that a consumer has an adjustable rate mortgage (ARM ... Businesses - large and small - rely on us for consumer and business credit intelligence, portfolio management, fraud ...
    2007-11-05 06:41:00

  • UK can ride out bank crisis - Darling

    This is Money - The banks are suffering from huge mortgage fraud because of lax lending practice and bad debts no one has been managing because they just chop it up and hide it in a derivative. - San, Bolton What would he know. He has only been in the job for a few ...
    2007-11-05 08:50:00

  • Land Registry cuts online deeds over fraud fears

    Guardian Unlimited - The Land Registry has removed scanned mortgage documents from its website following concerns they may have been used by fraudsters. Over the past two years, the department has paid out £12m in compensation to cover losses caused by criminal gangs ...
    2007-11-05 08:50:00

  • Jury deliberations continue in Shields’ mortgage fraud case

    Kansas City Star - A federal jury resumed deliberations about 8:20 this morning in the mortgage fraud case involving former Jackson County Executive Katheryn Shields. Shields and her husband, Philip Cardarella, are on trial along with Monty Kinman and Rick Peterson in ...
    2007-11-05 07:31:00

  • Land Registry scraps online mortgage deeds and leases (Money Marketing Online)

    The Land Registry has announced it will be scrapping online mortgage deeds and leases after concerns of fraud.
    2007-11-05 08:33:33

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