Mortgage and Financial News From 2007-8-30 Page 3

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  • Call for rules to curb predatory lending

    Financial Times - ... hands-off approach, Ben Bernanke, Federal Reserve chairman, this week suggested that Congress consider allowing the Federal Housing Administration – which insures home loans – to work with the private sector in helping some borrowers to refinance ...
    2007-08-30 08:18:00

  • Suspected Sinkhole Swallows Home (Local 6 Orlando)

    APOPKA, Fla. -- A 20-foot hole opened beneath an Apopka house on Wednesday night, causing damage to the home, according to officials. The house, located at 611 Errol Parkway in the Errol Estate Country Club in Apopka, suffered most of its damage in the kitchen.
    2007-08-30 05:08:03

  • Police: Children Removed From Filthy Home (WYFF 4 Greenville)

    ANDERSON, S.C. -- Police said that three children were removed from their home and their mother arrested after they were found living in deplorable conditions.
    2007-08-30 10:01:35

  • State Fines Cambria County Nursing Home (WJAC 6 Johnstown)

    Weeks after its license was fully restored, a Cambria County-run nursing home is fined by the state.
    2007-08-30 05:32:14

  • UNO Soccer Team Opens Home Season Friday (KETV 7 Omaha)

    The University of Nebraska at Omaha women's soccer team will open its home schedule Friday when they host Regis University on their new field, located at 68th and Spring Streets.
    2007-08-30 08:37:25

  • More Than 100,000 Floridians Sign Up For Home Inspections (WFTV 9 Orlando)

    TALLAHASSEE, Fla. -- More than 103,000 Florida homeowners have signed up for free home inspections to learn about possible wind resistance upgrades, Florida Chief Financial Officer Alex Sink said Thursday.
    2007-08-30 08:07:08

  • Home prices grow slowly in second quarter, OFHEO says (Market Watch)

    WASHINGTON (MarketWatch) -- U.S. home prices were 3.2% higher in second quarter compared with a year earlier, the slowest price gains in 10 years, according to a quarterly index released Thursday by the Office of Federal Housing Enterprise Oversight.
    2007-08-30 03:35:07

  • How Lower Home Prices Hurt Everything (BusinessWeek Online via Yahoo! News)

    Words like "stabilization" and "contained" have all but evaporated from the housing economist's lexicon in the past few months. If anyone was still clinging to the hope that the housing market had stabilized, he probably let go after seeing the latest data. In the second quarter, U.S. single-family home prices suffered their biggest decline in at least 20 years, according to an Aug. 28 report ...
    2007-08-30 12:08:41

  • UK July mortgage lending growth slips but approvals remain strong ...

    Forbes - LONDON (Thomson Financial) - UK mortgage lending fell back in July suggesting interest rate rises are starting to impact the housing market, although ... is provided by AFX News and its third party content providers for your personal information only ...
    2007-08-30 09:41:00

  • Michelle Singletary

    Washington Post - Interest-only mortgage: But the thing is, the person saying it was a mistake made ALL the mistakes - why didn't he pay off the principal? Who in their right mind takes out this kind of loan and doesn't ALSO pay off the principal? You get more leeway ...
    2007-08-30 05:34:00

  • Credit Crunch Crunching Internet Advertising?

    CNBC - Mortgage and lending companies are among the biggest online advertisers, so if they start cutting back on their ad ... But a lot of the products the lenders were pushing--interest-only loans, subprime--they're unlikely to be selling as much now ...
    2007-08-30 08:47:00

  • Thornburg Mortgage Raises $500 Million in a Cumulative Convertible ...

    Forbes - Offers for the 10.0% Series F Cumulative Convertible Redeemable Preferred Stock will be made only by means of a ... looking statements due to a number of factors, including general economic conditions, market prices for mortgage securities, interest ...
    2007-08-30 02:21:00

  • Rate Rise Slows Brit Housing Price Gains

    BusinessWeek - ... Surveyors, said the statistics showed that the impact of the recent run of interest ... Despite the slowdown in prices, competition in the mortgage market remains as tough ... The only growth at the moment is coming from discounting and promotions." ...
    2007-08-30 08:47:00

  • Defaults on investor properties rising

    CNBC - NEW YORK (AP) - Mortgage defaults on investment properties are playing a major role in rising loan delinquency rates ... Those investors were often taking out mortgages with the lowest payments possible, such as interest-only or adjustable-rate ...
    2007-08-30 07:00:00

  • Thornburg Plans $500 Million of Preferred Stock Sale (Update1)

    Bloomberg - Aug. 30 (Bloomberg) -- Thornburg Mortgage Inc., anticipating a ``more profitable mortgage market,'' said it plans to raise as much as $500 million by selling convertible preferred stock. The proceeds will help relieve Thornburg's cash crunch ...
    2007-08-30 12:40:00

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