Mortgage and Financial News From 2008-2-15 Page 18

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  • Auditor calls for changes to N.W.T. public housing programs (CBC North)

    The Northwest Territories Housing Corp. has to improve the way it works with local housing organizations to make sure they follow proper policies, federal Auditor General Sheila Fraser says in a new audit report.
    2008-02-15 03:32:21

  • Stocks Finish Mixed After Weak Data (NYTimes.com via Yahoo! Finance)

    Stocks fell for second day after lackluster economic reports offered investors little incentive to put down big bets ahead of a long weekend.
    2008-02-15 03:40:05

  • Foreclosures lead to another problem: suburban blight (Los Angeles Times)

    Empty homes attract criminals and squatters, but communities are fighting back. AFTER gang members turned an empty house in Pomona into their party hangout, the agent representing the foreclosure property gave them the personal heave-ho by simply moving in.
    2008-02-15 03:48:43

  • Card Sharks

    Forbes - ... other to woo new accounts, offering all sorts of incentives, like zero-interest periods and lavish rewards programs, to get people to sign up. ... The only thing they can do is raise rates," says David Robertson of the ...
    2008-02-15 02:35:00

  • Foreclosure, for Closure

    Slate - ... and Treasury Secretary Henry Paulson encouraged Hope Now members to offer interest ... according to the Case-Schiller index , housing prices have fallen only 8.4 ... which insured structured finance products created by lashing groups of mortgage ...
    2008-02-15 12:40:00

  • Fitch Ratings Affirms CSFB Series 2000-C1

    Raleigh News & Observer - ... Fitch Ratings has affirmed Credit Suisse First Boston (CSFB) Mortgage Securities Corp.'s commercial mortgage pass-through certificates, series 2000-C1, as follows: --$171,767 class A-1 at 'AAA'; --$677.5 million class A-2 at 'AAA'; --Interest-only class ...
    2008-02-15 02:13:00

  • Dad's in nursing home-- What do we do with house?

    Newsday - ... his two brothers have been advised by an attorney to keep paying the mortgage on their dad's house, plus taxes and monthly utility bills. ... Will they charge him interest? Alternatively, will his missed payments simply ...
    2008-02-15 10:53:00

  • Homeowner’s Advocate Provides Options to Floridians in Mortgage ...

    PR.com - Americans who were able to afford monthly payments when interest rates were low, now find themselves unable to make mortgage payments that have risen ... to Aronsky, most homeowners in crisis are not aware that foreclosure is not the only option ...
    2008-02-15 01:23:00

  • Radian Rises, Despite Loss

    Street.Com - Shares of Radian RDN were on the rise Friday, despite the mortgage insurers' swing to ... adequately capitalized at this time and customer confidence would be the only ... In addition, we expect continued write-downs of insurance on [Radian's] net interest ...
    2008-02-15 11:14:00

  • Keeping the good from the bad

    Times Online - Key mortgage bond insurers such as Financial Guaranty and Ambac guarantee the interest and principal payments on securities they underwrite and face billions of ... This top rating is essential because many investors will only hold AAA-rated ...
    2008-02-15 01:16:00

  • Can IndyMac's profit forecast hold up?

    Boston Globe - Faced with those daunting obstacles, struggling mortgage lender IndyMac Bancorp ... Perry said the lender's plan to cut $1.1 billion in costs and issue loans only ... IndyMac's stock rallied when the Federal Reserve slashed interest rates twice in an ...
    2008-02-15 01:16:00

  • Parkway Properties Announces $100 Million Acquisition in Chicago

    MSN MoneyCentral - Simultaneous with the purchase, a $60 million first mortgage was funded through Babson Capital Management LLC with a fixed interest rate of 5.53%, an initial twelve month interest only period, and a maturity date of February of 2016. Parkway's ...
    2008-02-15 01:59:00

  • Cuts Needed to Lower Tax Hike - New Canaan News Review

    Cuts Needed to Lower Tax HikeNew Canaan News Review, CT - 1 hour agoWalker noted general trends across the country as factors that contributed to the lower percentage rate this year. mortgage debacle, people's concerns of ...
    2008-02-15 01:14:14

  • Keeping the good from the bad - Times Online

    Keeping the good from the badTimes Online, UK - 1 hour agoKey mortgage bond insurers such as Financial Guaranty and Ambac guarantee the interest and principal payments on securities they underwrite and face ...
    2008-02-15 01:41:17

  • Homeowner’s Advocate Provides Options to Floridians in Mortgage ... - PR.com (press release)

    Homeowner’s Advocate Provides Options to Floridians in Mortgage ...PR.com (press release), NY - 1 hour agoAmericans who were able to afford monthly payments when interest rates were low, now find themselves unable to make mortgage payments that have risen ...
    2008-02-15 01:43:45

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