Mortgage and Financial News From 2008-3-16 Page 3

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  • Scottsdale's desirability helps it in slump

    MSNBC - ... Jana Barrow and her husband put their Scottsdale house on the market last summer, the mortgage market was on the verge of a full blown meltdown and home ... buyers seem to be abandoning the sidelines to take advantage of low prices and interest rates ...
    2008-03-16 12:36:00
  • Banks tighten lending criteria

    News.com.au - ... margins because of the higher cost of funding loans, would result in some borrowers being locked out of the mortgage ... Borrowers have suffered a "double-whammy", with banks rebuilding their profit margins by hiking variable home loan rates in ...
    2008-03-16 04:32:00
  • Thousands face £500 mortgage increase as fixed-rate deals end

    Daily Mail - Rising mortgage rates mean that fixed-rate loans taken out a few years ago at 4.3 per cent will be charged at a new fixed rate of ... Property analysts believe the higher repayments will cause a surge in home repossessions, which could send the property ...
    2008-03-16 05:51:00
  • Home sales in nosedive

    News.com.au - Interest rates are not a defining issue at present because repoes in ... Those that borrowed modestly to buy a home may see the paper value of ... foreign exchange eating spending, manipulate the RB to raise rates more and buying up those under mortgage ...
    2008-03-16 07:09:00
  • Mortgage disclosure rule sought

    Baltimore Sun - The complexity of today's closing process is widely believed to have allowed unscrupulous mortgage brokers and others who originated home loans to dupe homebuyers into complex loans with adjustable rates and unexpected balloon payments.
    2008-03-15 12:12:00
  • Fed Takes New Steps to Ease Crisis

    Guardian Unlimited - Foreclosures have hit record highs as distressed borrowers - hit by slumping home prices and higher mortgage rates - couldn't make their monthly payments.
    2008-03-16 06:48:00
  • Landlords find deals in housing crisis

    Reuters - During the property boom, mortgage rates were low and people could buy a home with little or no money down, so there was no incentive for many Americans to rent.
    2008-03-16 05:51:00
  • Home sales in nosedive

    News.com.au - Home sales in nosedive March 17, 2008 06:45am Have your Say Add your comments or ... property market has taken a nosedive, with falling auction clearance rates in most ... in all states, partly because of the coming Easter weekend but also because mortgage ...
    2008-03-16 06:55:00
  • Landlords find deals in housing crisis

    Reuters - During the property boom, mortgage rates were low and people could buy a home with little or no money down, so there was no incentive for many Americans to rent.
    2008-03-16 05:51:00
  • Property auction clearance rates plummet

    News.com.au - Easy-to-follow guide: Interest rates explained Homeowners: How to save your home Mortgage stress: To fix or not to fix your home loan ... Experts said the falling clearance rates reflected the dramatic drop in consumer confidence.
    2008-03-16 07:38:00
  • Moribund Housing Lets U.S. Mortgage Bonds Diminish Treasuries

    Bloomberg - A 9.1 percent drop in home values last year and stricter lending standards caused the Mortgage Banker Association's index measuring ... The situation is unusual because mortgage-bond investors typically buy Treasuries when rates fall.
    2008-03-16 05:08:00
  • Homeowners face a £1 billion 'mortgage shock' (Daily Telegraph)

    Hundreds of thousands of home owners face a "£1 billion mortgage shock" this year, as their five-year deals come to an end.
    2008-03-16 06:32:49
  • Banks rush to withdraw mortgage deals (Daily Telegraph)

    Banks and building societies are frantically withdrawing many of their mortgage deals, as the credit crunch puts increasing strain on lenders.
    2008-03-16 06:32:58
  • Fed takes emergency steps to prop up bank funding and calm nerves on Wall Street (Guardian Unlimited)

    Speed of bank's failure worries financial markets while US Federal Reserve scrambles to shore up nerves on Wall Street
    2008-03-16 06:46:00
  • Stephen King: Radical measures needed to get us out of this terrifying game of Russian roulette (Independent)

    They never wanted to play, and nor did they ever think they'd have to. Against their will, America's economic policymakers have become engaged in a terrifying game of Russian roulette. The US financial system is in danger of melting down. This may not be the most probable outcome. Equally, though, a bullet through the head is not the most likely ending to a game of Russian roulette. Unless ...
    2008-03-16 06:58:03