Mortgage and Financial News From 2008-1-18 Page 7

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• Fannie Mae Says Act Now to Avoid Foreclosure - HULIQ

  Fannie Mae Says Act Now to Avoid ForeclosureHULIQ, NC - 1 hour agoIf you take action now, you improve your chances of working out your situation with your mortgage lender or loan servicer. For example, depending on your ...
  2008-01-18 07:01:30

• State Senate passes first bill aimed at easing home loan crisis - KEPR 19

  State Senate passes first bill aimed at easing home loan crisisKEPR 19, WA - 1 hour agoThe mortgage loan crisis spread throughout the country after the once-booming housing market declined. Particularly hard hit were borrowers of subprime ...
  2008-01-18 07:15:09

• A talk with Hillary Clinton about finances - Providence Journal

  A talk with Hillary Clinton about financesProvidence Journal, RI - 1 hour ago... in over their heads in debt and it’s not just mortgage debt,” she said. “It’s credit-card debt. It’s consumer debt of all kinds. It’s college-loan debt. ...
  2008-01-18 07:16:30

• Bush seeks economic boost package worth $145B - CTV.ca

  Bush seeks economic boost package worth $145BCTV.ca, Canada - 1 hour agoBut the Mortgage brokers made an average of $10000. a loan. here in Canda high ration mortgages of more than 75% need to be insured. ...
  2008-01-18 07:34:27

• Bush announces “stimulus” plan as recession fears grip Washington - World Socialist Web Site

  Bush announces “stimulus” plan as recession fears grip WashingtonWorld Socialist Web Site, MI - 1 hour agoAnd it’s not only mortgages: Now it’s credit cards and auto loans, where we see problems increasing. The toxic junk is popping up everywhere. ...
  2008-01-18 07:57:31

• Fall in rented homes’ value predicted - ic Wales

  Fall in rented homes’ value predictedic Wales, United Kingdom - 41 minutes ago... regulate buy-to-let loans in the same way as the owner-occupied market. “There is no reason for anybody in the mortgage supply chain to advise investors ...
  2008-01-18 08:18:31

• Executive of collapsed mortgage company commits suicide - Pravda

  Executive of collapsed mortgage company commits suicidePravda, Russia - 39 minutes agoToday on the official site of Fieldstone mortgage you can find the following: ‘Fieldstone mortgage company has ceased accepting loan applications and ...
  2008-01-18 08:21:07

• Hare clarifies opinion on housing crisis - Galesburg.com

  Hare clarifies opinion on housing crisisGalesburg.com, IL - 35 minutes agoThe first is to provide assistance and relief to those facing foreclosure who are trapped with mortgage rates they cannot afford. ...
  2008-01-18 08:25:13

• Refinancing key to ending housing mess - Arizona Republic

  Refinancing key to ending housing messArizona Republic, AZ - 34 minutes ago... values in 2004 and low interest rates that evaporated when home prices reached their peak and huge numbers of buyers swamped mortgage lenders. ...
  2008-01-18 08:25:27

• Insurer Of Bonds Loses Top Rating - Washington Post

  Insurer Of Bonds Loses Top RatingWashington Post, United States - 27 minutes ago... have relied heavily on bond insurance to reduce their exposure to subprime mortgage debt and other complicated securities linked to these loans. ...
  2008-01-18 08:33:00

• Apartment rents creep up amid higher occupancy (The Californian)

  Apartment rents in Southwest County and throughout the western United States climbed modestly last year while home prices crumbled in many markets, a contrast apparently driven by the growing number of people who can't or don't want to buy a house or condominium.
  2008-01-18 07:58:53

• WA Senate passes first bill aimed at easing home loan crisis (Seattle Times)

  The state Senate on Friday unanimously passed the first of several measures aimed at curtailing effects of the nationwide mortgage crisis, approving $1.5 million for financial counseling for homeowners facing foreclosure.
  2008-01-18 08:14:43

• Executive of collapsed mortgage company commits suicide (Pravda Ru)

  An executive of a collapsed subprime mortgage lender jumped to his death from a bridge Friday, shortly after his wife's body was found inside their New Jersey home, authorities said.
  2008-01-18 08:31:19

• Mortgage exec kills wife, self (WPVI-TV Philadelphia)

  An executive of a collapsed subprime mortgage lender jumped to his death after killing his wife, police said.
  2008-01-18 08:32:01

• UBS, After a Write-Down, Closes Finance Unit in U.S. (NYTimes.com via Yahoo! Finance)

  Europe’s biggest bank said it would close an American unit as it scales back risk-taking after writing down the value of subprime mortgage investments by $14.7 billion last year.
  2008-01-18 08:40:30

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