Mortgage and Financial News From 2008-3-5 Page 16

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  • Bernanke Call for Mortgage Forgiveness Puts Pressure on Paulson

    Bloomberg - ... more effective means of avoiding delinquency and foreclosure'' than renegotiating interest rates. Bernanke also said ``the current ... billion of bonds at First Pacific Advisors LLC. ``I'm going to demand higher and higher rates'' to buy mortgage ...
    2008-03-05 05:29:00

  • Brascan Adjustable Rate Trust Provides Fund Update (CCNMatthews via Yahoo! Finance)

    TORONTO, ONTARIO-- - Brascan Adjustable Rate Trust I , an investment fund, today issued the following portfolio update in light of the current markets for mortgage-backed securities, the credit markets and the related effect on the Fund's net asset value .
    2008-03-05 06:24:49

  • 140,000 Scots Face Mortgage Hike Misery (Daily Record)

    A TIMEBOMB is ticking for 140,000 Scots as their fixed rate mortgage deals near an end within months.
    2008-03-05 06:39:03

  • Governor pushes bills to fight foreclosure (FOX 23 News Albany)

    The economy is one of the biggest issues in the presidential race - including the credit and foreclosure crises. Governor Spitzer is now pushing for a series of bills to...
    2008-03-05 07:18:57

  • More home relief urged (The Record Searchlight)

    WASHINGTON — Ben Bernanke is using his bully pulpit to try to keep more Americans from getting swept up in a wave of home foreclosures.
    2008-03-05 07:32:58

  • e-sound off (Hartselle Enquirer)

    "Some people say that you can notice strange things. One thing I have notice lately is the times that a lot of comments are made concerning the property tax vote. It seems like quite a few of these comments are made during working hours. You will notice that I did not say during lunch hours.
    2008-03-05 07:35:27

  • Letters to the editor (The Observer)

    On Saturday, Feb. 28, University of New Mexico Pres. Schmidly and a staff member met with Rio Rancho candidates for office at Weck’s restaurant in Rio Rancho, trying to convince us in our campaigning to convince the voters the sales tax increase on the ballot March 4 is needed and valid, only adding to the property owners tax burden.
    2008-03-05 07:57:01

  • Think taxes are high now?Big hikes may be inevitable (The Kalamazoo Gazette)

    WASHINGTON -- If you're grumbling about the size of your tax bill this year, brace yourself. Many financial advisers predict tax rates are going to increase to cover the escalating burden of an aging population and the federal debt.
    2008-03-05 07:57:09

  • BHP Billiton talks to lenders on record $55 bln loan

    Reuters South Africa - You are here: Home > Article ... Some $40 billion of BHP Billiton's record $55 billion loan will refinance Rio Tinto's loan and the remainder will be new ...
    2008-03-04 04:12:00

  • Auction Supply `Tsunami' Portends Municipal Losses (Update3)

    Bloomberg - Other states including Wisconsin are working on plans to convert their high- cost debt, as are agencies such as the New Jersey Economic Development Authority, which today approved plans to convert or refinance $1.3 billion of the securities.
    2008-03-02 03:56:00

  • GM, Ford, Toyota Post Declines in U.S. February Sales (Update7)

    Bloomberg - Primarily it's driven by the weak economy,'' said Mirko Mikelic , who helps manage $22 billion at Fifth Third Asset Management in Grand Rapids, Michigan, including GM debt. ``It's been difficult for people to refinance and get credit.
    2008-03-03 03:04:00

  • A rush to refinance

    Baltimore Sun - A rush to refinance Mortgage rates near 5-year lows, stirring activity Denise and David Shipowick own 1st Primacy Mortgage Corp ... That's when home sales skyrocketed, lenders offered scores of subprime loans to people who often couldn't afford the bills ...
    2008-03-03 01:21:00

  • Homeowners who bit off more than they could chew

    Herald Tribune - Nobody asked the gentleman who bought and sold at those figures to refinance his $180,500 Palmetto home for $279,000. The extra money was probably nice to buy all kinds of goodies, but what did it really have to do with the house itself?
    2008-03-05 01:26:00

  • Excited family wins first-time home loan

    Modesto Bee - Most home buyers refinance after the fifth year and pay off the loan completely, recycling the money for another city loan, he said. "I think I'm in a dream.
    2008-03-05 04:18:00

  • Auction-Rate Bond Failures Approach 70%, Show No Sign of Easing

    Bloomberg - Issuers including 14 hospitals in California and Massachusetts last month asked the Securities and Exchange Commission to let them bid on their own securities to prevent failures and lower rates until they could refinance the debt.
    2008-03-05 12:43:00

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