Mortgage and Financial News From 2008-2-15 Page 34

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• ARMs aren't always evil home loans - Arizona Republic

  ARMs aren't always evil home loansArizona Republic, AZ - 1 hour agoQuestion: What advice do you have for someone with an adjustable rate mortgage? Answer: Adjustable rate mortgage loans, or ARMs, are not an evil thing. ...
  2008-02-15 09:55:43

• Jumbo loans to be isolated from mortgage TBA -SIFMA - Reuters

  Jumbo loans to be isolated from mortgage TBA -SIFMAReuters - 1 hour agoThe higher limit was made to help reduce the rates of jumbo loans up to $729750 that have jumped in relation to smaller ones because investors have shunned ...
  2008-02-15 09:56:57

• NAIC President Questions Motives of OFC Supporters - Insurance News Net (press release)

  NAIC President Questions Motives of OFC SupportersInsurance News Net (press release), PA - 59 minutes agoIf you want to test that theory, visit your friendly national bank and ask to see their underwriting standards for mortgage loans. ...
  2008-02-15 10:01:05

• California new home market ends 2007 in doldrums - Central Valley Business Times

  California new home market ends 2007 in doldrumsCentral Valley Business Times, CA - 52 minutes ago... in 2008 will be minimized with consumers gaining better access to credit and homes becoming more affordable due to lower prices and mortgage rates. ...
  2008-02-15 10:08:01

• Recovery - but how soon? - Assetz News

  Recovery - but how soon?Assetz News, UK - 49 minutes agoSome of this may be a result of improved affordability through dips in prices and lower mortgage rates, but that in turn may provide the catalyst for a ...
  2008-02-15 10:10:36

• Dues from States: Banks plan to approach RBI - Hindu Business Line

  Dues from States: Banks plan to approach RBIHindu Business Line, India - 42 minutes agoReiterating the Finance Minister, Mr P Chidambaram’s concern on the deceleration in the growth of consumption credit and mortgage portfolio of banks, ...
  2008-02-15 10:17:50

• How real is the spectre of rising Chinese inflation? - Hindu Business Line

  How real is the spectre of rising Chinese inflation?Hindu Business Line, India - 42 minutes agoComing on top of growing financial turmoil, mortgage crisis and recession, the threat of inflation should be traumatic for an average US consumer already ...
  2008-02-15 10:17:51

• Countrywide foreclosure rate doubles South Florida Business Journal - Bizjournals.com

  Countrywide foreclosure rate doubles South Florida Business JournalBizjournals.com, NC - 38 minutes ago... with payments as higher interest rates kick in. The plan also includes offering more choices to subprime borrowers who lag in their mortgage payments. ...
  2008-02-15 10:21:51

• European Markets Fall On Writedowns, Growth Concerns - European ... - RTT News

  European Markets Fall On Writedowns, Growth Concerns - European ...RTT News, NY - 27 minutes agoSpeaking in front of the Senate Banking Committee Thursday, Bernanke said that the Fed was expecting 'sluggish growth' and was ready to cut rates if ...
  2008-02-15 10:32:22

• US lenders pulling back on Main Street - Guardian Unlimited

  US lenders pulling back on Main StreetGuardian Unlimited, UK - 25 minutes agoBusinesses may have trouble borrowing what they need to grow, and consumers may have to cut spending as mortgage costs and credit card fees increase. ...
  2008-02-15 10:35:08

• Delinquencies Rise at Countrywide - The Associated Press

  Delinquencies Rise at CountrywideThe Associated Press - 19 minutes agoStill, the lender's average daily mortgage applications rose last month to $2.6 billion from December's $1.5 billion. Interest rates have been falling this ...
  2008-02-15 10:40:52

• Yearend stats tell tale of two Colorado counties - Northern Colorado Business Report

  Yearend stats tell tale of two Colorado countiesNorthern Colorado Business Report, CO - 10 minutes agoSecond, mortgage interest rates are bound to stay at the historic lows that homebuyers have been enjoying for the past five years or so. ...
  2008-02-15 10:49:30

• Another Attempt to Ameliorate the Housing Situation Proposed - MortgageNewsDaily.com

  Another Attempt to Ameliorate the Housing Situation ProposedMortgageNewsDaily.com, AZ - 7 minutes agoThis, according to Reid's website, should assist as many as one-half million additional families to connect with appropriate mortgage representatives and ...
  2008-02-15 10:53:02

• The Republican Candidate Reflections by Cuban President Fidel Castro - Cuba News

  The Republican Candidate Reflections by Cuban President Fidel CastroCuba News, Cuba - 5 minutes ago“The housing bubble and the subprime mortgage meltdown are driving millions of families from their homes. “The Center for Responsible Lending estimates that ...
  2008-02-15 10:55:06

• The fall of the Dollar Empire - PRESS TV

  The fall of the Dollar EmpirePRESS TV, Iran - 4 minutes agoQ.Please tell us more about the 2007 subprime mortgage financial crisis and why, how and when it began? A.The crisis began in 2000 with Bush Jr.'s election ...
  2008-02-15 10:55:45

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