Mortgage and Financial News From 2008-2-10 Page 8

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  • The Bush bust of '08: It's all downhill from here, folks (Online Journal)

    "I just saw a picture of Bernanke stripped to the waist in the boiler-room shoveling greenbacks into the furnace.” Rob Dawg, Calculated Risk blog-site
    2008-02-10 09:40:42

  • What do you do when you're facing foreclosure? (The News-Herald)

    Millissa Brosch holds her daughter, Olivia, as her husband, Randy, sits on the couch with their son, Charlie. Millissa Brosch is doing what she can to keep the Leroy Township home that has been in her family for three generations.
    2008-02-10 09:43:36

  • Australian Central Bank Says Rates May Need to Rise (Update4) (Bloomberg.com)

    Feb. 11 (Bloomberg) -- Australia's central bank said it will probably need to increase interest rates further to cool ``uncomfortably high'' inflation, bucking a trend by policy makers in the world's largest economies who are cutting borrowing costs.
    2008-02-10 09:54:42

  • Fewer homeowners plan renovation projects

    USA Today - As property values drop in many areas, some homeowners are finding it harder to refinance their mortgages and take out cash to finish the basement. Falling home prices can also reduce the money that a homeowner stands to recoup on a project. "We are ...
    2008-02-09 03:53:00

  • Buyers crippled by 'liar loans' - Brisbane Times

    Buyers crippled by 'liar loans'Brisbane Times, Australia - 15 hours agoBorrowers who tapped home equity in refinancing represented more than 44 per cent of the option adjustable-rate mortgages underlying securities created in ...
    2008-02-10 05:31:08

  • Fewer homeowners plan renovation projects - USA Today

    Fewer homeowners plan renovation projectsUSA Today - 1 hour ago... some homeowners are finding it harder to refinance their mortgages and take out cash to finish the basement. Falling home prices can also reduce the ...
    2008-02-10 07:39:27

  • Fewer homeowners plan renovation projects (USA Today)

    As more people struggle to pay their mortgage and fewer take out home-equity loans, many homeowners have cut back their spending on remodeling kitchens, replacing windows and other improvement projects.
    2008-02-10 06:06:47

  • Chavez Threatens to Cut Oil to U.S. (BusinessWeek)

    Venezuela's President warns of "economic war" if ExxonMobil wins court judgments to seize billions of dollars in state assets
    2008-02-10 06:08:47

  • Weekend Reading

    Street.Com - ... recession, plus a growing sense that some sectors -- especially insurance, credit ... Loew's LTR Joe Rosenberg on the Microsoft MSFT - Yahoo! YHOO deal's bad numbers. ( ... since June '06. ( Reuters ) People more willing than ever to walk away from mortgage ...
    2008-02-10 11:49:00

  • Personal responsibility absent in mortgage crisis

    Quad-Cities Times - And, even then, the most government should do is freeze or readjust mortgage rates. It shouldn’t pay out a dime. Those who had bad credit and had to turn to the subprime market in order to purchase a home should never have been buying in the first ...
    2008-02-07 03:56:00

  • Starting Now: Where credit is due

    Modesto Bee - ... because it has found that people with isolated delinquencies aren't really bad risks, Watts said. NEW-ACCOUNT TOLERANCE Another reality of credit ... 30-YEAR FIXED-RATE MORTGAGE OF 300,000 Credit Score.....APR(ASTERISK).....Monthly payment 750-850 ...
    2008-02-10 12:39:00

  • Poll: Most of public believes U.S. is in recession

    CNBC - The fallout from a depressed housing market and a credit crunch nearly caused the ... For many, the meltdown in the housing and mortgage markets has proved especially ... They are in bad shape," Dahlin said. For all of 2007, the economy grew by just 2 ...
    2008-02-10 03:31:00

  • Masters of the universe prepare for the sequel: The Empire Strikes ...

    Times Online - The truth is that while the credit crunch has frozen private equity's buying ... Yet being forced to pause for breath is no bad thing for an industry that was ... tax and transparency were reaching fever pitch, along came the sub-prime mortgage ...
    2008-02-10 01:22:00

  • New FICO Changes You Need To Know - American Chronicle

    New FICO Changes You Need To KnowAmerican Chronicle, CA - 1 hour agoIn fact, there were companies "renting" out good credit ratings by matching someone with a bad credit score with someone who allowed that person to just ...
    2008-02-10 07:00:56

  • Asian stocks slump on renewed subprime worry; Australia hit by ... - CNNMoney.com

    Asian stocks slump on renewed subprime worry; Australia hit by ...CNNMoney.com - 1 hour agoG7 officials at a weekend meeting in Tokyo highlighted their concerns about the subprime crisis and subsequent crunch in global credit markets. ...
    2008-02-10 07:17:22

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