Mortgage and Financial News From 2008-8-20 Page 01
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Option ARM fallout to surpass subprime mess - Boston Globe
Inman News In a recent column , shortly after Washington Mutual announced it would no longer offer its option adjustable-rate mortgage (ARM) to home buyers, I noted that the program was a benefit to our family because it allowed us to adjust our ...
2008-08-18 05:53:00 -
Japan Developers' Woes Grow - Wall Street Journal
TOKYO -- Japan has seen a raft of property developers go to the wall this year as banks have refused to refinance their loans. Analysts say the bankruptcy filings are likely to set off a vicious cycle that will weigh on the sector's shares in the ...
2008-08-20 05:58:00 -
Matt Damon's Wife Gives Birth To Girl (WGAL 8 Susquehanna Valley)
Matt Damon's wife Luciana gave birth to a baby girl Wednesday, his spokeswoman says.
2008-08-20 07:30:21 -
Garner, Affleck Say They're Expecting No. 2 (KETV 7 Omaha)
It's been a big day for baby news already, now Jennifer Garner and Ben Affleck say they're expecting their second child.
2008-08-20 09:05:59 -
Business briefs (Pittsburgh Post-Gazette)
Local housing activity declines for 17th month July marked the 17th consecutive month of declining home sales activity in the five-county Pittsburgh region, which includes Allegheny, Beaver, ...
2008-08-20 09:18:41 -
Mortgage Rates for Best Borrowers Rise as Home-Loan Bonds Slump (Bloomberg.com)
Aug. 21 (Bloomberg) -- A decline in mortgage bond prices is raising interest rates on U.S. home loans, even for borrowers least prone to default. Rates on average 30-year fixed mortgages rose to 6.37 percent this week, about the highest in six years, as yields on bonds guaranteed by Fannie Mae and Freddie Mac increased to almost the highest since 1986 relative to Treasuries.
2008-08-20 09:49:30 -
Business briefs (The Sarasota Herald-Tribune)
NEW YORK
2008-08-20 10:20:08 -
Mortgage applications drop to 8-year low (Cape Cod Times)
NEW YORK — Mortgage application volume fell last week to its lowest levels in nearly eight years, the Mortgage Bankers Association said yesterday.
2008-08-20 11:06:33 -
Tuesday's Biggest Winners and Losers - MSNBC
Hey there, Fools. I've summoned our Motley Fool CAPS community once again to highlight a few of Tuesday's biggest winners among the stocks with a top rating of five stars. There's a reason why I selected notable five-star gainers, as opposed to other ...
2008-08-20 06:52:00 -
Wall Street leads London off its highs - Guardian Unlimited
London shares have come off their best levels after Wall Street slipped into reverse on renewed credit crunch worries. Following a positive start after reasonable results from Hewlett-Packard, the US market is now down nearly 40 points. Troubled US ...
2008-08-20 08:25:00 -
Detroit Prosecutor's Home In Foreclosure - ClickOnDetroit.com
Worthy paid roughly $337,000 for her home four years ago. Now, Worthy is involved with the controversial mortgage company Countrywide. Worthy, who makes $153,000 a year, said the house is for sale and she has a buyer with an offer. But the mortgage ...
2008-08-20 04:25:00 -
The best (and worst) ways to raise fast cash - CNN Money
Pros: You get the money up front, but the interest is deferred until you move out. The main advantage: "It's not like a 401(k) in the sense that once you tap it the asset is gone," says Sam Collins, a mortgage banker in Newark, Del. "You can do a ...
2008-08-20 10:48:00 -
1st Reverse Financial Services Continues Wholesale Expansion With Two ... - MSN MoneyCentral
WESTMONT, Ill. , Aug. 20 /PRNewswire/ -- 1st Reverse Financial Services, LLC (1st Reverse), a national reverse mortgage wholesale lender and subsidiary of Wilmington Savings Fund Society, FSB (WSFS Bank), has hired two well known industry ...
2008-08-20 03:03:00 -
Even The Best Borrowers Will Feel The Brunt Of The Credit Crisis (Fox News)
Even The Best Borrowers Will Feel The Brunt Of The Credit Crisis
2008-08-19 11:15:39 -
Heating fears are rising (Portsmouth Herald)
YORK, Maine and#8212; It may have been one of the most spectacular evenings of the summer outside, but inside First Parish Church hall Monday evening, mid-winter was on everyone's mind.
2008-08-20 03:09:59