Mortgage and Financial News From 2008-3-5 Page 2

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  • In one year, foreclosure rate tripled (Boston Globe)

    Benigna Alarcon hoped that reducing her mortgage payment by $700 per month would be enough to save her Chelsea home from foreclosure.
    2008-03-05 10:10:07

  • Some states consider passing own stimulus plans to complement federal tax refunds (The Standard-Times)

    HARTFORD, Conn. — While taxpayers wait for federal rebate checks that Congress hopes will help jump-start a slowing economy, state officials across the country are floating their own programs to stave off a recession.
    2008-03-05 10:10:16

  • FHA boosts Inland loan limits to aid distressed homeowners (The Press-Enterprise)

    In a move to help people buy homes and refinance out of unaffordable mortgages, the Federal Housing Administration today will raise the limits for one year on FHA-insured mortgages.
    2008-03-05 10:11:46

  • KB Home CEO Receives $24.4 Million In 2007 Despite Housing Downturn (KGTV San Diego)

    KB Home, one of the nation's largest homebuilders, posted nearly a billion dollar loss for the fiscal year. But its CEO received compensation valued at $24.4 million.
    2008-03-05 10:11:59

  • U.S. banks willing to rework mortgages for struggling home owners but question the costs (The Standard-Times)

    CHARLOTTE, N.C. — While Federal Reserve Chairman Ben Bernanke wants banks to lighten the debt load of distressed home owners, the unspoken question remains: who pays the tab?
    2008-03-05 10:15:19

  • Wall Street edges higher in volatile session amid Ambac bailout, disappointment in Fed data (The Standard-Times)

    NEW YORK — Wall Street managed a moderate gain in an erratic session Wednesday as investors sorted through a downbeat Federal Reserve assessment of the economy and were also disappointed by a plan to bail out troubled bond insurer Ambac Financial...
    2008-03-05 10:15:32

  • KB Home CEO receives $24.4 million in 2007 despite housing downturn (San Francisco Chronicle)

    The chief executive of KB Home received compensation valued at $24.4 million in fiscal 2007, a year in which the homebuilder swung to a loss amid the subprime credit crisis and the downturn in the housing market. The bulk of Jeffrey T. Mezger's...
    2008-03-05 10:19:04

  • Clearwire and Sprint: Squeezed together? (America's Network)

    Amid the credit crunch, their continued partnership may be essential for both to make their WiMax dreams come true
    2008-03-05 10:21:17

  • Report: Minority neighborhoods hurt most by subprime loans (WANE-TV Fort Wayne)

    Associated Press - March 6, 2008 1:23 AM ET SAN FRANCISCO (AP) - A new report says subprime lenders that went out of business with the industry's collapse targeted minority...
    2008-03-05 10:27:51

  • 6 Ways Pittsburghers Can Survive Hard Economic Times

    WPXI - His second piece of advice is to refinance high interest mortgage or equity loans. Nist said, "It might be a time to refinance, lower your monthly payment, but more important don't refinance and take more money out of your home and go spend it ...
    2008-03-05 01:51:00

  • Are You A Victim Of The Mortgage Meltdown?

    KELOLAND TV - What advice would you give other homeowners in a similar situation? If you wouldn't mind being interviewed about the mortgage situation in South Dakota please e-mail Ben Dunsmoor at the address below.
    2008-03-02 03:56:00

  • Mortgage fraud cases on the rise

    News 14 - News 14 Carolina's Bryn Hough spoke to FBI agents who have some advice on how to stay safe from financial criminals. CHARLOTTE -- It's National Consumer Protection Week and the government is using this time to warn Americans about some of the most ...
    2008-03-04 11:50:00

  • Fear of mortgage arrears grows

    Channel 4 News - It's now launching a new internet checklist to help people whose fixed-rate mortgage deals are coming to an end. To find out more or seek advice on this issue, visit the FSA's website Money Made Clear
    2008-03-04 03:50:00

  • Foreclosure overshadows lives of renters, owners

    AZCentral.com - ... struggling to keep out of foreclosure, but no more than $500 or so is available per home, which would only get some people through their first month of an inflated adjustable-rate mortgage. Most of the assistance comes in the form of harsh advice ...
    2008-03-05 03:31:00

  • Mortgage rates cause Euro housing market descent

    MyFinances.co.uk - Rising mortgage interest rates have caused property markets across Europe to slump but the UK's prices remain among the most robust. Our continental cousins saw housing markets slow sharply during the second half of 2007 prompted by rising rates ...
    2008-03-05 02:52:00

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