Mortgage and Financial News From 2008-2-10 Page 5

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  • Australian Banks Drop on Rates, Warnings of Further Turmoil - Bloomberg

    Australian Banks Drop on Rates, Warnings of Further TurmoilBloomberg - 55 minutes agoCommonwealth Bank, the nation's biggest mortgage lender, fell 2.2 percent to A$49.06, helping to push the benchmark S&P/ASX 200 Index 2 percent lower as at ...
    2008-02-10 10:04:24

  • ND, local housing markets insulated from national slowdown ... - Grand Forks Herald (subscription)

    ND, local housing markets insulated from national slowdown ...Grand Forks Herald (subscription), ND - 43 minutes agoBy Ryan Schuster, Herald Staff Writer The national housing market has collapsed under the weight of a wave of foreclosures, mortgage fraud and property ...
    2008-02-10 10:16:59

  • New tax breaks for homeowners - Grand Forks Herald (subscription)

    New tax breaks for homeownersGrand Forks Herald (subscription), ND - 42 minutes agoBuyers who put down less than 20 percent when buying their home are required to buy the insurance to protect not themselves but the primary lender, ...
    2008-02-10 10:17:28

  • Homeowners to get tax break - Akron Beacon Journal

    Homeowners to get tax breakAkron Beacon Journal, OH - 21 minutes agoIt does nothing for the even bigger number of consumers who trigger phantom income when lenders cancel credit-card debts. ''It's another one of those ...
    2008-02-10 10:38:40

  • Australia's Home-Loan Approvals Unexpectedly Increase (Update3) - Bloomberg

    Australia's Home-Loan Approvals Unexpectedly Increase (Update3)Bloomberg - 21 minutes agoMortgage repayments accounted for almost 32 percent of the average first- home buyer's income. There are signs that builders are scaling back projects, ...
    2008-02-10 10:39:03

  • Dallas residents find property tax loans a fast track to foreclosure - Dallas Morning News

    Dallas residents find property tax loans a fast track to foreclosureDallas Morning News, TX - 20 minutes agoDebbie Bridges, 48, a Dallas mortgage broker who owns her own real estate business, lost the Dallas home she bought in 2003 to foreclosure after taking out ...
    2008-02-10 10:39:22

  • Rough waters: Local housing market took a hit in '07 - Daily Camera

    Rough waters: Local housing market took a hit in '07Daily Camera, CO - 18 minutes agoThe biggest contributing factor, he says, is the attention on the mortgage rates, which hit a low in January of 5.69 percent for a 30-year fixed-rate home ...
    2008-02-10 10:41:25

  • US Financial Crisis Lessons For India - People's Democracy

    US Financial Crisis Lessons For IndiaPeople's Democracy - 10 minutes ago"The agency said they include developers, lenders and financiers that securitised ordinary home loans into exotic investment instruments, as well as banks ...
    2008-02-10 10:49:49

  • Negative gearing plan (Moneymanager)

    Q. I am 44 years old; earn gross monthly $6,970, paying tax of $1,820 which nets $4,952 a month. I pay monthly child support of $1,876 and rent of $1,560, which leaves me with $1,516 to live on for the month. I salary sacrifice a car before the income figures above so I have no car expenses.
    2008-02-10 09:07:48

  • Countrywide to aid more borrowers (Lexington Herald-Leader)

    Countrywide Financial Corp., under pressure to help stem growing home loan defaults, says it will expand programs to help borrowers manage their mortgage payments regardless of the type of subprime loan they have or whether they have already fallen behind on payments. Full details of the initiative, the result of a pact with the national community advocacy group, were to be disclosed Monday. ...
    2008-02-10 09:16:49

  • Mortgage hike for new buyers in Jamaica (Jamaica Gleaner)

    Interest rates on mortgages have begun to climb as the island's mortgage lenders react to a move by the Bank of Jamaica (BOJ) last week Monday to raise interest rates on open-market instruments to ease inflationary pressures. The Jamaica National Building Society (JNBS) on the weekend ...
    2008-02-10 09:21:22

  • Countrywide to aid more borrowers (San Francisco Chronicle)

    Countrywide Financial Corp., under pressure to help stem growing home loan defaults, says it will expand programs to help borrowers manage their mortgage payments regardless of the type of subprime loan they have or whether they have already fallen behind on...
    2008-02-10 09:36:13

  • Countrywide to aid more borrowers (Seattle Times)

    Countrywide Financial Corp., under pressure to help stem growing home loan defaults, says it will expand programs to help borrowers manage their mortgage payments regardless of the type of subprime loan they have or whether they have already fallen behind on payments.
    2008-02-10 10:17:01

  • Calif. mortgage banker opens Latham office; shifts strategy from wholesale to retail sales (BizJournals)

    A California thrift has opened a mortgage lending office in Latham and has plans to hire eight people over the next few months. (IMB) (IMB)
    2008-02-10 10:30:23

  • Australia's Home-Loan Approvals Unexpectedly Increase (Update3) (Bloomberg.com)

    Feb. 11 (Bloomberg) -- Australia's home-loan approvals unexpectedly rose in December to a six-month high as jobs growth and wage gains underpinned demand for property.
    2008-02-10 10:40:30

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