Mortgage and Financial News From 2007-12-14 Page 9

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• Senate OKs bill to help homeowners caught in mortgage crisis (Baltimore Sun)

  It allows FHA to back refinanced loans for borrowers delinquent on payments The Senate moved today against the worsening mortgage crisis, voting to make it easier for thousands of homeowners with ballooning interest rates to refinance into federally insured loans.
  2007-12-14 01:36:08

• Senate Votes to Help Strapped Homeowners (AP via Yahoo! Malaysia News)

  The Senate moved Friday against the worsening mortgage crisis, voting to make it easier for thousands of homeowners with ballooning interest rates to refinance into federally insured loans.
  2007-12-14 01:03:00

• Senate votes to help strapped homeowners (AP via Yahoo! News)

  The Senate moved against the worsening mortgage crisis Friday, voting to make it easier for thousands of homeowners with ballooning interest rates to refinance into federally insured loans.
  2007-12-14 02:31:30

• Senate Moves to Ease Mortgage Woes (Time Magazine)

  The Senate voted to make it easier for thousands of homeowners with ballooning interest rates to refinance into federally insured loans
  2007-12-14 02:25:06

• Garcia could face 30 years

  Auburn Journal - ... refinance of her Auburn property that she could in no way afford." "(Jean) Garcia promised to pay a total of $780,000 plus interest to Decision One Mortgage Company, LLC," according to the documents. She reportedly falsified her income information ...
  2007-12-12 03:59:00

• Sage Credit Company Partners With Santa Ana Post Office This Christmas ...

  Forbes - ... including mortgages for first-time buyers, home equity loans; cash out refinance loans, and debt-consolidation loans. Sage Credit Company conducts both mortgage ... Spectrum at 8001 Irvine Center Drive, Irvine, California 92618. For more information ...
  2007-12-14 09:08:00

• Last Vick Co-Defendant Sentenced (NBC 5 Chicago)

  The man who provided prosecutors most of the information that led to Michael Vick's downfall was sentenced.
  2007-12-14 09:51:03

• Refinance Your Adjustable Rates Today (Albert Lea Tribune)

  (ARA) - As the old saying goes "a man's home is his castle." The benefits of owning a home are many, including financial security. While a home mortgage is good for your financial stability, refinancing for a better mortgage than you originally qualified for can benefit your finances even more.
  2007-12-14 07:56:35

• Mortgage industry needs to cut jobs by a third in 2008 -- analyst

  Forbes - ... the mortgage industry eliminates back-office personnel and loan officers, which could take several quarters, we believe the mortgage industry will not generate an economic profit.' Annual originations have historically depended on interest rates and ...
  2007-12-14 10:27:00

• Capstead Mortgage shares higher; 'marked improvement' in 4Q financing ...

  Forbes - The Dallas-based mortgage company said lower borrowing rates, as a result of recent reductions in the federal-funds-target rate, led to the improvement. Two public offerings that resulted in nearly $200 million in new capital equity also were ...
  2007-12-14 07:50:00

• Senate passes bill aimed at helping homeowners caught in mortgage ...

  Minneapolis Star Tribune - The thousands of Americans facing foreclosure because of the ballooning interest rates on their subprime mortgages would get help from the federal government under legislation overwhelmingly approved by senators Friday. The legislation, approved 93-1 ...
  2007-12-14 09:08:00

• Senate Approves Subprime Mortgage Assistance

  FOX News - WASHINGTON — The thousands of Americans facing foreclosure because of the ballooning interest rates on their subprime mortgages would get help from the federal government under legislation overwhelmingly approved by senators Friday. The legislation ...
  2007-12-14 09:44:00

• Mortgage rates end slide, see gains San Diego

  Worldnews.com - Mortgage rates, which had been sliding, went up this week, Freddie Mac reported in its nationwide survey. Thirty-year, fixed-rate mortgages rose to 6.11 percent from 5.96 percent, which was the lowest in more than two years. Rates on 15-year, fixed ...
  2007-12-14 09:51:00

• Senate OKs bill to help homeowners in mortgage crisis

  Chicago Tribune - WASHINGTON - The thousands of Americans facing foreclosure because of the ballooning interest rates on their subprime mortgages would get help from the federal government under legislation overwhelmingly approved by senators Friday. The legislation ...
  2007-12-14 12:43:00

• ALL BUSINESS: Homeowners bail on loans due to more than just mortgage ...

  CNBC - As far-fetched as all that may sound, such efforts would do more to curb default rates than the Bush administration's plan to freeze adjustable mortgage rates in the coming years for a limited number of subprime borrowers. Data from Countrywide ...
  2007-12-14 09:30:00

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