Mortgage and Financial News From 2008-5-31 Page 11
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UPDATE: ECB's Draghi:Too Early To Say Financial Turbulence Is Over (Nasdaq)
ROME -(Dow Jones)- European Central Bank board member Mario Draghi Saturday said the recent buildup in inflationary pressures following the sharp rise in energy and food prices, coupled with the U.S. economic slowdown, represented the major threats to the world economy.
2008-05-31 02:53:51 -
7 Things to Consider When Choosing an Online Bank (Carteret County News-Times)
(ARA) - Tired of tiny savings account interest rates? Feel like your bank isn't paying enough for the privilege of using your deposits? If so, it's time to move your money to a place where it will work better for you.
2008-05-31 03:13:56 -
Columbia man loses bid to avert foreclosure - Baltimore Sun
Columbia man loses bid to avert foreclosure High court upholds foreclosure for taxi driver who never missed a mortgage payment Kwaku Atta Poku and his family lost their Columbia home through a foreclosure.
2008-05-30 11:31:00 -
Housing values had steep drop (Philly.com)
Home values nationwide fell in the first quarter, the steepest decline since 1971, Freddie Mac, the quasi-public mortgage finance provider, reported yesterday.
2008-05-31 01:34:30 -
Despite lease, apartment landlord can't evict couple after twins' birth (The Sarasota Herald-Tribune)
The federal Fair Housing Act prohibits discrimination based on a family's size, even if the lease agreement says that only two can live in the home and "new kids" are added to the family.
2008-05-31 01:37:43 -
New buys old in bank transaction (The Tuscaloosa News)
Recently formed Capstone Bank announced Friday the acquisition of Security Bank. The transaction between the two Tuscaloosa-based institutions will mean the end of Security Bank's 43-year run, but prove a significant boost for the newcomer.
2008-05-31 01:42:15 -
Hey, neighbor, try our hotel (Las Vegas Sun)
Sat, May 31, 2008 (2 a.m.) John Powell and his family pulled off the freeway and checked into the Green Valley Ranch Station Casino this week for a two-day getaway that promised poolside lounging, live jazz and upscale dining and shopping.
2008-05-31 01:49:24 -
Low-cost housing is about to open in Santa Paula (Ventura County Star)
Santa Paula resident Juan Cantero has been working two jobs around the clock to try to make ends meet and support his wife, Emily, and the three young grandchildren they are raising.
2008-05-31 01:50:53 -
Mortgage tax still helps Franklin County communities (Plattsburgh Press Republican)
MALONE -- The sluggish economy and less construction have lowered the semi-annual payments that Franklin County communities receive from mortgage-tax transactions.
2008-05-31 01:57:59 -
Rep. Laura Richardson's foreclosure continues a pattern of financial ... - Los Angeles Times
When news surfaced that Rep. Laura Richardson had lost her home through foreclosure, the Long Beach Democrat blamed the problem on her year-long rocket-ship rise from city councilwoman to Assembly member to congresswoman and the crumbling real estate ...
2008-05-30 11:53:00 -
Lenders to meet with homeowners - Boston Herald
S tate officials have scheduled a series of workshops to bring lenders and financially strapped homeowners together to negotiate loan “modifications.” Lenders sometimes agree to temporarily amend a loan’s terms to lower a customer’s monthly ...
2008-05-30 09:01:00 -
Quarter of borrowers relying on windfall to pay off mortgage - Guardian Unlimited
Nearly one in four homeowners are relying on inheritance to pay off their mortgage, figures out today revealed. The survey of more than 2,000 people, carried out by Engage mutual assurance, showed 23% of people with a mortgage will only be able to ...
2008-05-30 04:43:00 -
Mass. to judge mortgage companies on loan help - Boston Herald
M assachusetts plans to begin judging whether to renew mortgage lenders’ licenses based partly on how hard firms try to help people avoid foreclosure. “(We) want to encourage lenders to work with borrowers, so that to the extent humanly possible ...
2008-05-30 09:01:00 -
Homeowners Pay More With Mortgage Brokers, Study Says (Inside Bay Area)
A report on closing costs says that mortgage broker fees are higher than for direct lender loans and African-American and Latino populations pay more in mortgage and title fees.
2008-05-30 06:47:15 -
Break for home sellers: Banks settle for less (Chicago Tribune)
As values tumble and more foreclosures loom, homeowners get chance to sell out for less than the amount of their mortgages Homeowners in danger of foreclosure increasingly are looking to beat the bank to the process by selling their homes for less than the value of the mortgage, with their lender's permission.
2008-05-30 09:53:14