Mortgage and Financial News From 2008-5-11 Page 3
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DAVID MYERS - Detroit Free Press
Dear Mr. Myers: We are shopping for our first home, and several of the advertisements we have seen state that the seller will consider "carrying back" a second mortgage.
2008-05-11 12:16:00 -
Fixed Mortgage Rates Steady - Week.com
NEW YORK -- Fixed mortgage rates have largely gone unchanged. The average conforming 30-year fixed mortgage rate backtracked to 6.13 percent, according to Bankrate.com's weekly national survey of large lenders. The average 30-year fixed mortgage has ...
2008-05-09 03:57:00 -
Find out if you are financially fit to buy a home - Christian Science Monitor
Is it just advertising hype to lure buyers into plummeting housing markets – or a sign of great buying opportunities? As real estate's busiest months begin, potential buyers are challenged to understand both the opportunities and risks of home ...
2008-05-11 01:53:00 -
Adam Bennett: Home loan rate defies Bollard - New Zealand Herald
Last week's shock jobs number has markets picking the Reserve Bank will move to cut interest rates later this year, sooner than it had so far been signalling. While that might give hope to home buyers, the reality is New Zealand's mortgage rates ...
2008-05-11 09:56:00 -
Columbia FTA would break down trade barriers (AG Weekly)
Trade issues typically get less media than hot-button issues like immigration, mortgage-industry challenges and energy prices. However, regulating trade between the United States and other nations is a constitutional obligation of Congress.
2008-05-11 10:21:56 -
Real economy doesn't buy CEOs' optimism (Pioneer Press)
It's become fashionable in certain circles — primarily among administration types and Wall Street chief executives whose banks are losing gobs of money — to say the worst is over for the subprime/hou ing/credit/economic crisis in the U.S.
2008-05-11 10:27:58 -
Home to bargains and some sadness (The Charlotte Observer)
The nearly empty beer can on the kitchen counter was still cold. Nearby were a deck of cards and a broken-out window -- signs that a squatter had very recently been inside. On Saturday, five prospective buyers walked through the three-bedroom home in Charlotte's Reid Park neighborhood, appraising the broken door frame in the back and the majestic oak out front. They were participants in ...
2008-05-11 11:01:57 -
Find out if you are financially fit to buy a home (The Christian Science Monitor)
Tumbling prices raise concerns about getting into the real estate market now. Here's how to judge if you are ready to buy.
2008-05-11 02:38:02 -
Key: Canterbury-Westland Regional Conference (Scoop.co.nz)
Thank you for your welcome. The Canterbury-Westland branch of the National Party has put on a great regional conference. It’s good to feel the election-year buzz in the air. That’s a buzz born of excitement but also, I hope, a sense of the size ...
2008-05-11 02:38:20 -
Homes for sale number rises to above 1m (Daily Telegraph)
More than one million unsold properties are on the market, as homeowners take the longest time on record to sell their homes.
2008-05-11 03:54:03 -
National Australia's Stewart Expects Acquisition Opportunities - Bloomberg
May 11 (Bloomberg) -- National Australia Bank Ltd. , the country's biggest by assets, expects acquisition opportunities as lenders and securities firms sell assets amid a global credit crisis. The Melbourne-based bank is interested in ``good-quality ...
2008-05-11 10:18:00 -
Coalition mobilizes effort to change nation's accumulation, dependence ... - Boston Globe
A coalition of consumer advocates, public policy groups, and academics wants to attack our country's dependence on debt by creating a national campaign much like the one used to curb smoking. It's a good idea given the current economic crisis. Maybe ...
2008-05-11 09:13:00 -
Wednesday, May 7 - News.com.au
St George burnt by margin loan A $20 MILLION margin loan provision relating to ailing property group MFS has forced St George Bank to issue its first profit downgrade in about nine years, although chief executive Paul Fegan said the bank would still ...
2008-05-11 11:37:00 -
Homeowners contemplating walking away from affordable mortgages - Xinhua News Agency
LOS ANGELES, May 11 (Xinhua) -- More and more homeowners in the United States are contemplating walking away from affordable mortgages as the economic downturn is deepening, the Los Angeles Times reported Sunday. Bankers and housing analysts say many ...
2008-05-11 01:24:00 -
Report: About half of Cleveland's subprime loans ended in foreclosure - Cleveland Plain Dealer
CLEVELAND (AP) — About half of the city's subprime mortgage loans written by top lenders in 2005 ended in foreclosure filings, leading to Cleveland having one of the highest foreclosure rates in the nation, The Plain Dealer reported Sunday ...
2008-05-11 11:44:00