Mortgage and Financial News From 2008-2-21 Page 12

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  • Webdigs Celebrates Nationwide Expansion of Mortgage Loan Operations

    Forbes - Our independent loan officers actively search the market for the best available mortgage rates they can find for our clients -- whether they are home buyers looking to purchase a new home or home owners who want to refinance to the current low rates.
    2008-02-21 08:58:00

  • Front Page News (Sun Advocate)

    Public safety agencies, including the Utah Highway Patrol, Carbon sheriff’s office, Helper fire and rescue and the county HAZMAT team set up a command post near a tanker truck rollover on U.S. Highway 191. According to Incident commander Jason Llewelyn, the hazard from the spill was caused by 55,000 pounds of ammonium nitrate prill that came close to mixing with diesel fuel also carried by the ...
    2008-02-21 10:21:41

  • Wheat prices jump, energy prices rally (AG Weekly)

    NEW YORK (AP) 12/06/07 — Wheat prices crept higher Thursday amid concerns that Argentina’s decision to hold back export registrations for several weeks will squeeze a market anxious for fresh supplies.
    2008-02-21 10:29:53

  • The Great Humbler (Mr. Market) (Forbes)

    When you roll the dice and come up craps, what do you do next?
    2008-02-21 10:44:26

  • Foreclosure prevention plan under attack (CNN Money)

    Two bills before Congress would give bankruptcy court judges the authority to reduce mortgage debt, which could save thousands of borrowers from foreclosure.
    2008-02-21 10:57:04

  • Market woes not as severe for local housing industry (Collinsville Herald)

    Interest rates have dropped, the inventory of houses for sale has flourished and everyone agrees it's a buyer's market.
    2008-02-21 11:04:14

  • Skipping meals to pay rent (Sydney Morning Herald)

    Rising rents forcing thousands to miss out on basic needs.
    2008-02-21 11:52:51

  • The specter of stagflation looms over U.S. economy (International Herald Tribune)

    Even as economic growth sags, there are signs that overall inflation, after years of only modest increases, may be breaking out of its box.
    2008-02-21 11:59:14

  • U.S. credit woes seep across the border

    Globe and Mail - Part of the reason may be because his company's $70-million portfolio is mainly focused on first mortgage loans to residential developers. The average loan size is about $1-million.
    2008-02-19 02:05:00

  • Mortgage lenders pull 125% deals

    Guardian Unlimited - The loans are designed to appeal to first-time buyers, but mortgage providers appear to be losing their appetites to lend at the riskier end of the market.
    2008-02-19 08:53:00

  • How to tell if now is time to refinance

    MSNBC - Dick Lepre, senior loan officer at Residential Pacific Mortgage in San Francisco, says he expects more than 50 percent of mortgage loans in California have balances that fall in the new, higher  range, and thus his state will see what he called “a ...
    2008-02-19 09:51:00

  • Sovereign Wealth Coattails

    Forbes - To date, the company has written off $1.9 billion in mortgage-related loans. However, Bear Stearns is still well positioned in a number of investment banking sectors.
    2008-02-21 07:04:00

  • Fitch Ratings Downgrades Class F of LBCMT 1996-C2

    Earthtimes - These loans have maturity dates of January 2011 with mortgage coupons of 8.50%. The third Fitch loan of concern (5.1%) has shown a decline in occupancy and has a maturity date of January 2016 with a mortgage coupon of 9.50%
    2008-02-21 08:58:00

  • Fixed mortgage rates rise, adjustable rates fall

    CNN Money - After trending up in the past two weeks, long-term fixed mortgage rates are back up to nearly where they were at the beginning ... The government-sponsored loan buyer said 30-year fixed-rate loans averaged 6.04% for the week ending Thursday, up from 5.72 ...
    2008-02-21 08:29:00

  • FBR swings to loss on mortgage losses

    MSN MoneyCentral - FBR swings to loss on mortgage losses February 21, 2008 8:35 AM ET ... Subprime mortgages are loans typically given to customers with poor credit history.
    2008-02-21 05:38:00

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