Mortgage and Financial News From 2008-5-20 Page 01
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Is it a good time to look for a mortgage? - This is Money
Should I wait to sell my endowment? I want to pay off my mortgage now Reduce your interest-only mortgage Locking in a mortgage deal Mortgage repayment better than savings? Simon Lambert, mortgage expert at This is Money replies: Most mortgage lenders ...
2008-05-19 03:56:00 -
Impac Mortgage Holdings, Inc. Announces Year End 2007 Results - Boursorama
IRVINE, Calif., May 20 /PRNewswire-FirstCall/ -- Impac Mortgage Holdings, Inc. ("IMH" or the "Company"), a real estate investment trust ("REIT"), reports a net loss of $(2.0) billion, or $(27.10) per diluted common share for 2007, as compared to a ...
2008-05-20 09:06:00 -
Amid low interest rates, savers may have to look abroad and accept a ... - Boston Globe
Savers have been under siege. Trying to find returns that beat inflation in a time of record gasoline and home-heating prices has been a losing battle. With the interest-rate cuts enacted by the Federal Reserve, you're lucky to break even on savings ...
2008-05-20 09:20:00 -
Economists warn householders to brace for mortgage pain - News.com.au
THE threat of another interest rate increase has roared back on to the agenda. This comes just a week after Treasurer Wayne Swan delivered his "inflation-fighting" Budget.
2008-05-20 09:13:00 -
Banks still safe place, FDIC official says (Everett Herald)
At a recent conference in Baltimore, I had a chance to meet Sheila Bair, chairwoman of the Federal Deposit Insurance Corp, the federal corporation in charge of making sure that people with money in the bank don't lose it.
2008-05-20 10:14:59 -
What you can do to avoid foreclosure (The Nashua Telegraph)
Mortgage broker Joe Adamaitis spends much of his time in Florida, where foreclosure is almost an epidemic. But the story that sticks out in his mind is that of a Manchester woman who called him one day looking for advice. ... - By ASHLEY SMITH Telegraph Staff
2008-05-20 10:17:52 -
Tice Proves Every Bear Has a 9.5% Return as He Invokes `D' Word (Bloomberg.com)
May 21 (Bloomberg) -- Money manager David Tice pokes his head into a conference room at his Dallas offices and tells Doug Noland , his top market strategist, the morning investment meeting is starting.
2008-05-20 10:47:37 -
May 20 (Journal Inquirer)
The East Windsor Board of Finance has voted 4-2 in favor of sending its 2008-09 budget to a public vote. The majority vote was supported by the Board of Selectmen. Acceptance or rejection of this budget is up to the taxpayer at large.
2008-05-20 10:50:22 -
Putting the focus on protecting state’s families (Journal Inquirer)
In my “State of the State” speech in February, I promised to focus on protecting Connecticut’s families — their wallets and their neighborhoods — and preserving the character of our great state.
2008-05-20 10:51:28 -
City considers loans for building sprinklers (Rapid City Journal)
Rapid City is considering establishing a low-interest, revolving-loan fund to assist commercial property owners with the cost of adding sprinkler systems during remodel projects.
2008-05-20 11:05:26 -
Oversight Compromise Reached On Fannie, Freddie - Wall Street Journal
Congress and the Bush administration are near a compromise on how to regulate Fannie Mae and Freddie Mac after five years of squabbling over the issue. In a 19-2 vote, the Senate Banking Committee Tuesday morning approved a package of housing ...
2008-05-20 08:44:00 -
Home sales in California jump nearly 27 percent - Forbes
Home sales in California jumped nearly 27 percent from March to April as bargain hunters found it easier to get loans and pick up property on the cheap. But home prices continue to drop across the state, a sign that home owners are still finding it ...
2008-05-20 03:36:00 -
Mortgage Market Upturn? - Wall Street Journal
LONDON -- In a sign of possible improvement in the market for mortgage securities, HBOS PLC, the U.K.'s biggest home lender, sold about $1 billion in highly rated bonds backed by mortgage loans Tuesday. The securitization, led by Citigroup Inc., UBS ...
2008-05-20 02:53:00 -
Mortgage rates could hit 9.5pc - News.com.au
HOME buyers and renters are bracing themselves for another interest rate rise as early as next month after minutes of the May Reserve Bank Board meeting show a rise has not been ruled out. While official cash rates were left on hold at 7.25 per cent ...
2008-05-20 05:02:00 -
Fitch Takes Various Actions on 7 Wells Fargo Alternative Loan Trust ... - Forbes
--Wells Fargo Alternative Loan 2007-PA1; --Wells Fargo Alternative Loan 2007-PA2; --Wells Fargo Alternative Loan 2007-PA3; --Wells Fargo Alternative Loan 2007-PA4; --Wells Fargo Alternative Loan 2007-PA5; --Wells Fargo Alternative Loan 2007-PA6. A ...
2008-05-20 01:49:00