Mortgage and Financial News From 2008-1-10 Page 27

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  • Appeal Dismissed For Man Who Made Payments, Lost Home - NBC 4.com

    Appeal Dismissed For Man Who Made Payments, Lost HomeNBC 4.com, DC - 2 hours agoAtta Poku, an immigrant from Ghana, lost his home in 2006 after he refinanced his mortgage. He couldn't prove the original mortgage holder, ...
    2008-01-10 12:43:03

  • Financial illiteracy and racism threaten African American and ... - Bay Area Indymedia

    Financial illiteracy and racism threaten African American and ...Bay Area Indymedia, CA - 1 hour ago(ACORN) In September, the Federal Reserve released a study that found 52.8 percent of African-Americans got a high-cost home loan when they refinanced in ...
    2008-01-10 01:30:15

  • Will no one rid me of these evil moneylenders? - On Line opinion

    Will no one rid me of these evil moneylenders?On Line opinion, Australia - 36 minutes agoI already knew that despite a spotless 20-year credit history and plenty of equity, I couldn’t refinance my existing home mortgage. ...
    2008-01-10 02:23:08

  • Dry up those tears... Real estate recovery will happen - Village News Network

    Dry up those tears... Real estate recovery will happenVillage News Network, CA - 28 minutes ago“That will help those who need to refinance out of an adjustable [mortgage] re-qualify, get a better rate and avoid foreclosure,” he said. ...
    2008-01-10 02:31:59

  • Foreclosure total shoots up in 2007 (Journal-Advocate)

    STERLING — The Logan County Public Trustee reported foreclosures jumped 44 percent in the county last year compared to 2006. Trustee Patricia Bartlett told the Logan County Commissioners at the weekly meeting that this was the largest number of foreclosures she has seen in 13 years.
    2008-01-10 12:44:10

  • Consumer borrowing up 7.4 percent (El Paso Times)

    WASHINGTON—Consumer borrowing rebounded in November as credit card debt shot up by the largest amount in six months. The Federal Reserve reported Tuesday that consumer borrowing rose at an annual rate of 7.4 percent in November, far higher than the 1 percent rise in October.
    2008-01-10 01:35:56

  • Politicians Attack Foreclosure Crisis (Queens Chronicle)

    NYS Assembly Speaker Sheldon Silver stands with fellow members of the assembly to discuss new foreclosure legislation that would attempt to ease the financial burden on homeowners across the state.
    2008-01-10 02:22:53

  • Tomorrow's Headliners: Mishkin (TheStreet.com)

    On TheStreet.com , check in early for the latest installment of the 'Five Dumbest Things on Wall Street This Week.'
    2008-01-10 02:35:34

  • Sad Tales From Retail

    Forbes - Financial stocks were scuffling, pushed lower by bad news from a major credit card company. Capital One Financial (nyse: COF - news ... In another financial story, Citigroup lowered its target price on Thornburg Mortgage (nyse: TMA - news ...
    2008-01-10 10:17:00

  • Capital One Cuts 2007 Profit Forecast on Loan Losses (Update6)

    Bloomberg - ... said Howard Wheeldon, a senior strategist at London-based brokerage BGC Partners. ``The outlook for bad ... Mortgage Spillover ``Credit-card performance will noticeably deteriorate during the year, given spillover from residential ...
    2008-01-10 09:41:00

  • Mortgage Rates Are At Two-Year Lows

    Street.Com - Since then, a lot of mortgages made to people who had poor credit or who didn't make down payments or document their income have gone bad. ... For more information about what you need to qualify for a mortgage these days, click here ...
    2008-01-10 10:17:00

  • Chair: Fed Willing to Cut Interest Rates

    San Francisco Gate - The housing slump — aggravated by harder-to-get credit — has weighed heavily on national economic activity. Foreclosures have soared to record highs and financial companies have wracked up multibillion losses because of bad mortgage investments ...
    2008-01-10 02:06:00

  • Redrow home sales down on credit squeeze

    International Herald Tribune - ... more challenging, reflecting both the influence of higher interest rates and the impact of the credit squeeze on the availability of mortgage ... On this basis, we feel the bad news is broadly reflected in the share price and anything other than an ...
    2008-01-10 01:44:00

  • Citi, Merrill look overseas to raise capital

    MSNBC - Global banks have booked almost $110 billion of writedowns since last year because of bad bets on subprime mortgage securities, and the ensuing credit crisis. The additional foreign investment could provoke more scrutiny in Washington, depending on ...
    2008-01-10 10:24:00

  • Stocks close up on Countrywide talks

    MSNBC - The news was calming to a market buffeted by concerns about fallout from the mortgage and credit crisis. Countrywide’s problems have sent stocks falling even in recent days. “For the last month, rumors are that Countrywide was going into ...
    2008-01-10 01:08:00

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