Mortgage and Financial News From 2008-5-11 Page 6
Previous Day: 2008-05-10
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Brooklyn pastor says con man stole church deeds - Newsday
NEW YORK - A con man posing as a parishioner forged deeds to a Brooklyn church, then used the false documents to sell the property to a developer, the church's pastor said. Derrick Jones, 43, used notaries public and a title company to fool the City ...
2008-05-11 02:32:00 -
MORTGAGE BANKERS: Commercial/Multifamily Loans Grew 19% in 2007 ... - HuntingtonNews.Net
Washington, DC (HNN) – The commercial/multifamily originations market grew 19 percent in 2007, with mortgage bankers closing $507.7 billion in commercial/multifamily loans according the Mortgage Bankers Association’s 2007 Commercial Real Estate ...
2008-05-11 12:59:00 -
Last week's headlines - Baltimore Sun
Municipal Mortgage & Equity LLC, the real estate and alternative energy project financier, said that it is suspending its quarterly dividend as it continues to deal with the fallout from the slumping credit market. The Baltimore company, better known ...
2008-05-11 01:21:00 -
Extra mortgage payment can be simple, cost-free - Seattle Times
Q: My wife and I want to pay our mortgage biweekly — instead of monthly — with a personal check. The lender insists, however, that we make a monthly payment or a biweekly electronic bank draft. We want to reduce the total interest payment on our ...
2008-05-11 12:24:00 -
Burlington Telecom predictions overly rosy - Burlington Free Press
Two weeks ago, Burlington's finance chief Jonathan Leopold said Burlington Telecom, the city's high-speed Internet, telephone and cable television provider, could begin earning more money than it pays out in fiscal year 2009 -- possibly, he said, by ...
2008-05-11 01:07:00 -
Capitol link in Washington - Arizona Daily Star
Voting 266 for and 154 against, the House on May 8 authorized a new program in which mortgage holders would voluntarily refinance hundreds of thousands of at-risk home loans in return for Federal Housing Administration backing of those loans and ...
2008-05-11 12:02:00 -
Moody's issues ratings for local bonds, utility debt - AZCentral.com
Moody's Investors Service has assigned Aaa ratings to $265 million worth of revenue bonds expected to be issued this week by the Arizona Health Facilities Authority to support the Catholic Healthcare West Project. The high ratings reflect two letters ...
2008-05-10 05:14:00 -
WASHINGTON DIGEST: House OKs housing aid bill Critics call effort a ... - Las Vegas Review Journal
Sens. Barbara Boxer, D-Calif., and Robert Menendez, D-N.J., speak to reporters regarding the FAA bill Tuesday on Capitol Hill in Washington. Legislation to make the flying skies safer faltered in the Senate; the vote was 49-42 to proceed with the ...
2008-05-11 01:57:00 -
Homeowner's Hopes Ride With State Mortgage Reform Bill - Hartford Courant
There's a sense of ownership pride along with signs of stress at Lisa Murzin-Pelcz's home on Winding Lane in East Hartford . Her wooden swing adorns the front yard, and a banner with flowers and a ladybug hangs by the door. Around back, an old floor ...
2008-05-11 02:25:00 -
Peter Boutell, Lending a Hand: Good news on adjustable rate mortgage ... - Santa Cruz Sentinel
Adjustable-rate mortgages were created to take the risk of rising rates away from banks and mortgage companies and place it squarely on the shoulders of the borrower. There are so many options and variables to choose from that most borrowers who ...
2008-05-11 01:28:00 -
Defying Bush, House passes broad housing bill - International Herald Tribune
WASHINGTON : House Democrats defied a veto threat from President George W. Bush on Thursday as they approved a broad housing bill that would provide up to $300 billion in federally insured loans to refinance the mortgages of debt-strapped homeowners ...
2008-05-08 06:28:00 -
Mortgage rates cut - ASB moves first - New Zealand Herald
ASB has moved to cut its key mortgage rates for the first time since the global credit crunch forced interest rates higher earlier this year. The move signals the worst of the credit crunch could be over amid signs that a sharply slowing economy and ...
2008-05-08 09:56:00 -
Rates on 30-year mortgages edge down slightly - San Francisco Gate
Rates on 30-year mortgages edged down slightly last week, but remained above 6 percent for the third straight week. Mortgage giant Freddie Mac reported Thursday that 30-year fixed-rate mortgages averaged 6.05 percent last week, compared with 6.06 ...
2008-05-10 05:00:00