Mortgage and Financial News From 2008-2-15 Page 24

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• There's Tax Relief for Homeowners in the Subprime Squeeze - FOXBusiness

  There's Tax Relief for Homeowners in the Subprime SqueezeFOXBusiness - 26 minutes agoAre you on the verge of giving up your home because your monthly mortgage payments have climbed thanks to higher interest rates? As I wrote last summer, ...
  2008-02-15 01:34:14

• Fitch Downgrades $5B in Mortgage Bonds - Forbes

  Fitch Downgrades $5B in Mortgage BondsForbes, NY - 22 minutes agoAP 02.15.08, 4:22 PM ET Fitch Ratings on Friday cut its rating on $5 billion of bonds backed by home loans issued by struggling lender Fremont General Corp. ...
  2008-02-15 01:37:30

• Local home loan failures climb again in January - San Diego Union Tribune

  Local home loan failures climb again in JanuarySan Diego Union Tribune, United States - 22 minutes ago“As depreciation deepens in some areas and creeps into others, more and more people who fall on hard times are falling behind on their mortgage payments,” ...
  2008-02-15 01:37:36

• Your Rights - Appraising Real Estate Appraisers and Appraisals - RisMedia.com (press release)

  Your Rights - Appraising Real Estate Appraisers and AppraisalsRisMedia.com (press release), CT - 21 minutes agoIf the buyer wants a mortgage from an institutional lender, he should have a financing contingency in his contract that allows him to back out of the deal ...
  2008-02-15 01:39:00

• Metro Areas Show Greatly Mixed Real Estate Prices - RisMedia.com (press release)

  Metro Areas Show Greatly Mixed Real Estate PricesRisMedia.com (press release), CT - 21 minutes ago“For buyers who need loans of more than $417000, mortgage interest rates have been running more than a percentage point higher, and that has been having an ...
  2008-02-15 01:39:04

• FGIC plans to ringfence municipal cover - Times Online

  FGIC plans to ringfence municipal coverTimes Online, UK - 19 minutes agoSeparately, Countrywide, America's largest mortgage lender, revealed that foreclosures and late payments on the loans that it has made, together with those ...
  2008-02-15 01:41:17

• Mortgage insurer Radian posts massive quarterly loss - San Diego Union Tribune

  Mortgage insurer Radian posts massive quarterly lossSan Diego Union Tribune, United States - 5 minutes ago“Based on these lessons, we are focused on high quality loans.” The Philadelphia-based insurer has raised its underwriting standards to exclude a higher ...
  2008-02-15 01:54:44

• Cheaper home, consumer durables loans on way: IBA - Economic Times

  Cheaper home, consumer durables loans on way: IBAEconomic Times, India - 5 minutes ago... a statement from the Union finance minister a few days ago, expressing concern on the slowdown in the growth in consumer durables and mortgage loans. ...
  2008-02-15 01:54:47

• A New Mortgage Mess on the Way? (Kiplinger Magazine via Yahoo! Finance)

  Reverse loans are a boon -- but watch out for rotten sales practices.
  2008-02-15 01:41:40

• Home Equity Taps Out (Kiplinger Magazine via Yahoo! Finance)

  New lending rules make it harder to borrow against your home.
  2008-02-15 01:42:22

• Liberty Bank Joins MoneyPass Network of More Than 12,000 . Surcharge-Free ATMs (InfoBolsa)

  Surcharge-Free ATMs 15/02/2008 21:31:00 Business Wire LibertyBank, the largest privately-held community bank in Oregon, has signed an agreement to participate in the MoneyPass surcharge-free ATM Network.
  2008-02-15 01:43:53

• Ask Bing: Lending money to co-workers (Fortune via Yahoo! Finance)

  I work for a major financial company. There was a delay in processing checks to be printed out. Employees who were set up for direct deposit got their payment, but the other employees who were not, got delayed by five days.
  2008-02-15 01:46:00

• Liberty Bank Joins MoneyPass Network of More Than 12,000 Surcharge-Free ATMs (wallstreet:online AG)

  LibertyBank, the largest privately-held community bank in Oregon, has signed an agreement to participate
  2008-02-15 01:46:50

• Delinquencies Rise at Countrywide (AP via Yahoo! Finance)

  Countrywide Financial Corp. said Friday home loan delinquencies and foreclosures rose in January as more borrowers struggled to make their mortgage payments.
  2008-02-15 01:47:19

• Stocks Finish Mixed After Weak Data (AP via Yahoo! Finance)

  Stocks finished mixed as lackluster economic reports offered Wall Street little incentive to place big bets ahead of a long weekend.
  2008-02-15 01:49:23

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