Mortgage and Financial News From 2008-3-7 Page 5

Previous Day: 2008-03-06

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• Bayside senior bilked of $800K: DA

  Bayside Times Ledger - ... Tharpe, 30, of Brentwood, Long Island, allegedly tricked Artee McKoy, 93, of 146-04 116th Ave., to refinance his ... His signature was forged on a contract of sale that was then used with other false information to obtain a mortgage on the property ...
  2008-03-06 09:46:00

• Hope sinks: U.S. effort on foreclosures falters

  MSNBC - ... of the deteriorating outlook came Thursday in a report showing that mortgage ... these adjustable loans were sold with assurances that the borrower could refinance ... Now provides a valuable service to lenders by collecting and assembling information ...
  2008-03-05 03:59:00

• Buyers and refinancers flock to interest rate bargains

  Q-Notes - ... world markets have reacted with mixed emotions so far, but American consumers wanting to buy a home or refinance an existing mortgage ... Access the site for more information on the housing market and in-depth resources.
  2008-03-07 02:02:00

• Boston Fed's Rosengren joins call for mortgage value writedowns

  Forbes - ... today joined the call, first issued by Fed Chairman Ben Bernanke, for mortgage ... Up to now, many subprime borrowers who could refinance had both decent credit ... The content on this site, including news, quotes, data and other information, is ...
  2008-03-06 05:28:00

• New IRS rules could help homeowners (Lawrence Journal-World)

  New rules published by the Internal Revenue Service could save huge amounts of money for millions of financially troubled homeowners, especially those who sell for less than their bank is owed.
  2008-03-06 10:06:42

• FHA raises limits on home loans (Pioneer Press)

  The Federal Housing Administration temporarily raised its limits on mortgage loans Thursday, a move that could help Minnesota homeowners wanting to ditch adjustable-rate mortgages for safer fixed-rate loans.
  2008-03-06 10:18:31

• FHA and others are lifting limits on mortgages (Seattle Times)

  A sizable increase in key mortgage limits announced Thursday may deliver a big dose of first aid to the sluggish Puget Sound housing market...
  2008-03-07 12:23:22

• Online Tools Just Got Easier to Find: By Offering Many Useful Tools for Anyone to Use, 100Tools.com is Providing the ... (PRWeb)

  Search engines and online directories make it easier to find information you need on the web. However, there are times when you need information quickly, and would rather not search many websites for it. Stephen Marshall recognized this need and decided to build 100tools.com. (PRWeb Mar 7, 2008) Read the full story at http://www.prweb.com/releases/2008/03/prweb752464.htm
  2008-03-07 12:39:30

• Home Equity Income Trust Announces Annual 2007 Financial Results (CNW Group via Yahoo! Finance)

  Home Equity Income Trust (TSX: HEQ.UN ), which pays cash distributions earned from a portfolio of reverse mortgages originated by Canadian Home Income Plan , today announced its financial results for the year ended December 31, 2007.
  2008-03-07 03:00:00

• Bond market drives up costs of Orlando Magic's new arena (Orlando Sentinel)

  'Chaotic' bond market drives up costs for arena The cost of a new arena for the Orlando Magic increased by as much as $104 million this week after the city of Orlando completed the first big bond issue needed to finance the building's construction.
  2008-03-07 06:29:33

• Tax stimulus good news for Marin housing market (Marin Independent Journal)

  There is a ray of light for home buyers in Marin County after the federal government this week increased the amount of mortgage money that Fannie Mae and Freddie
  2008-03-07 06:10:04

• Breaking News: Expert Group, Inc. Welcomes Four New Loan Officers

  MSN MoneyCentral - Hildalgo, combined they have over 15 years of experience in the mortgage and real estate business originating millions of ... The company is aggressively expanding its broker base. Shirley Rico states, "We are having great results with our loan ...
  2008-03-06 12:59:00

• Buy-to-let falters as credit crunch hits

  This is Money - Katie Tucker at mortgage broker John Charcol said: 'Remortgages for buy-to-lets were up in February compared to January, but new purchases for buy-to-lets remained low.
  2008-03-06 03:48:00

• BUYERS FACE TIGHT CREDIT

  New York Post - One broker reports the buyer on a $100 million deal copped out after talking with "40 banks" because he couldn't put down 40 ... Meanwhile, Commercial Mortgage Alert is worried that Macklowe Properties might be $1 billion short for a refinancing and could ...
  2008-03-04 03:53:00

• Foreclosures Good For Some

  WLNS - Many Michigan residents are struggling with their mortgage payments as the state of Michigan ranks second in the country in ... James Pyle is owner and broker of Lana Wagner Real Estate. He says many of his first time home buyers are passing up starter ...
  2008-03-07 03:00:00

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