Mortgage and Financial News From 2007-12-14 Page 01

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  • Work begins on development in New Iberia

    Baton Rouge Advocate - In such a mortgage, the lender gets a share of the equity in the home in exchange for helping provide part of the down payment. Bourg said that deed restrictions will also mean that Southern Mutual has the first right to purchase if and when a ...
    2007-12-14 10:01:00

  • Senate gives OK to Gregg bill easing mortgage woes

    Union Leader - It's really unfortunate and clearly unfair to people who've gone through the trauma of having their home ... The Gregg legislation permits any homeowner who obtained a mortgage before Jan.1, 2007, to receive mortgage forgiveness from their lender, tax ...
    2007-12-14 09:19:00

  • Senate repeals tax on mortgage forgiveness Save Email Print

    WNDU - ... mortgage forgiveness from their lender tax-free. Some homeowners are being forced to pay an income tax when they've had a part of their mortgage loan forgiven or have been forced to foreclose. Stabenow says no one facing the loss of their home should ...
    2007-12-14 08:43:00

  • Senate OKs bill to help homeowners caught in mortgage crisis

    Dallas Morning News - ... much more difficult and more expensive for people to refinance or get financing to buy a home ... That's when a lender allows a homeowner not to pay a portion of their mortgage. The IRS currently taxes any loan forgiveness as income.
    2007-12-14 09:19:00

  • Countrywide: Home Loans Up From October

    Forbes - Countrywide Financial Corp. , the nation's largest mortgage lender, said Thursday its November home loan production increased a slight 5 percent from October but showed a 40 percent drop from the same month last year. The increase from the previous ...
    2007-12-13 03:43:00

  • Bradford Mortgage expands operation

    Winston-Salem Journal - Countrywide Home Loans is a division of Countrywide Financial Corp., the nation’s largest mortgage lender, which is struggling to survive the subprime-mortgage mess. “We have always sought to hire experienced loan officers, who typically bring a ...
    2007-12-14 07:24:00

  • Senate approves Stabenow bill on mortgage taxes (Battle Creek Enquirer)

    WASHINGTON — The Senate has passed a bill written by Senator Debbie Stabenow that would allow homeowners to receive mortgage forgiveness from their lender tax-free.
    2007-12-14 05:53:31

  • Mich. economy expected to continue to struggle in '08

    Lansing State Journal - Michigan's housing market, bogged down by one of the nation's highest foreclosure rates, probably won't turn around ... The interest on a CD in Japan is 1/3 of one percent. They don't need any investment money so they don't need money at home ...
    2007-12-12 03:59:00

  • Thanks, Canada!

    Milwaukee Journal Sentinel - A $58 CD pass at Red Mountain (about $57 U.S.) is far thriftier than most major ... This woman's interest reflected a couple of things I would come to appreciate about ... Now Whistler, which annually rates as the top winter destination in North America ...
    2007-12-14 06:27:00

  • The Annapolis Conference: Dead Man Walking

    Centre des Médias Alternatifs du Québec - ... Israel’s withdrawal from Gaza is best understood as a tactic, the West Bank being a place of far greater immediate interest ... As to cheap labor, the simple demographic fact is that Palestinians have birth rates comparable to certain other poor areas ...
    2007-12-12 03:59:00

  • The consequences of distorted competition in the Arab world

    Lebanon Daily Star - Economics defines development as a state of sustainable economic growth, whereby an economy grows at sustainable rates for ... Another reason is that special interest groups, usually close to the rulers and recipients of monopoly rights as a reward for ...
    2007-12-14 12:57:00

  • Mexico's Peso Opens At 10.8335/Dlr Vs 10.8385 Thu Close

    FXStreet.com - The report raised concerns that inflationary pressures could limit the room for the Federal Reserve to cut interest rates to counter the expected slowdown in the U.S. economy over the next several quarters. The spread between U.S. and Mexican policy ...
    2007-12-14 07:28:00

  • Colonial plans €24bn merger with Gecina

    Financial Times - Spain’s 10-year-old property boom came to a sudden halt this year, with oversupply and rising interest rates piercing an overpriced market. The subprime mortgage crisis in the US also dried up funding for the sector. Share prices in Spanish property ...
    2007-12-14 12:29:00

  • The Task Confronting Libertarians (Ludwig von Mises Institute)

    From time to time over the last thirty years, after I have talked or written about some new restriction on human liberty in the economic field, some new attack on private enterprise, I have been asked in person or received a letter asking, "What can I do" — to fight the inflationist or socialist trend?
    2007-12-14 02:21:30

  • Letters: Cyber-bullying (Independent)

    Sir: I read John Walsh's "Tales of the City" (20 November) with interest. In it, he gave a detailed and emotive account of bullying and, in particular, cyber-bullying. This is something that I have been dealing with for some time.
    2007-12-14 06:08:30

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