Mortgage and Financial News From 2008-1-8 Page 01

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• Season's special: Poor may get 5% subsidy on home loans

  Economic Times - The poor may get a 5% interest subsidy on home loans. This is likely to leave the exchequer poorer by around Rs 1,600 ... Industry watchers feel the withdrawal of 0.5% concession on interest rate on refinance from the National Housing Bank (NHB ...
  2008-01-08 01:04:00

• Australian shopping centre investment trust, Centro, faces collapse

  World Socialist Web Site - ... follows last year’s collapse of the RAMS Home Loans Group and Basis Capital, a local investment fund, which ran hedge funds linked to US mortgages. Centro went into financial free fall on December 17, after admitting it had been unable to refinance ...
  2008-01-08 09:46:00

• Home is your Shield against Bad Credit

  Best Syndication - For more information about loans: Home Improvement loan UK , Bad credit loan , Any Purpose loans _____ Click Here For Comparison Chart Of 30 Year Fixed Rate Mortgages in US Mortgage Information Refinance Mortgage ...
  2008-01-06 03:58:00

• Nonprofits bear brunt of foreclosure fight

  MSN UK News - ... 000 house with a low introductory rate, based on their mortgage broker's assurance that they would easily be able to refinance ... U.S. home foreclosures and the rate of homes entering the foreclosure process rose to record highs in the third quarter of ...
  2008-01-08 07:44:00

• City files suit over foreclosures

  Baltimore Sun - ... said that the city could provide up to $5,000 to homeowners to help them make mortgage payments until they can refinance. ... Jonquil Ishway, who lives in Beechfield in southwest Baltimore, took out two mortgages a year ago to purchase her home ...
  2008-01-08 10:29:00

• Australian Stocks Fall for Third Day on U.S. Economy Concerns

  Bloomberg - James Hardie, the biggest seller of home siding in the U.S., declined 11 cents, or 1.8 percent, to A$5.93. Centro Properties Group, the owner of U.S. malls that put itself up for sale after failing to refinance debt, dropped 5 cents, or 4 ...
  2008-01-08 09:25:00

• Philadelphia Turns to Housing - Affordable Housing Finance

  Philadelphia Turns to HousingAffordable Housing Finance, CA - 14 hours agoHERO helps distressed homebuyers, regardless of their credit scores, to refinance predatory loans they can’t afford. “Sales prices are appreciating rapidly ...
  2008-01-08 08:36:04

• Gov't May Expand Mortgage-Freeze Program - Pittsburgh Channel.com

  Gov't May Expand Mortgage-Freeze ProgramPittsburgh Channel.com, PA - 10 hours ago... refinance to more affordable loans. A real estate trade group is predicting that the pace of home sales will pick up significantly later this year. ...
  2008-01-08 12:01:28

• The Pitfalls of the Mortgage Bailout - Kiplinger.com

  The Pitfalls of the Mortgage BailoutKiplinger.com, DC - 8 hours agoHomeowners who are in the foreclosure process, or those who have already refinanced their loan, are also ineligible. And only homes that are occupied by ...
  2008-01-08 02:06:45

• Short sale may be best way out for distressed homeowners - Arizona Republic

  Short sale may be best way out for distressed homeownersArizona Republic, AZ - 1 hour agoBut Kutz said the majority of short sales he deals with result from people who bought or refinanced houses at the peak of the real-estate market and now ...
  2008-01-08 09:00:56

• Non-profit groups bear brunt of US foreclosure fight - ABC Online

  Non-profit groups bear brunt of US foreclosure fightABC Online, Australia - 1 hour agoAccording to the Mortgage Bankers Association, US home foreclosures and the rate of homes entering the foreclosure process rose to record highs in the third ...
  2008-01-08 09:32:03

• Australian shopping centre investment trust, Centro, faces collapse - World Socialist Web Site

  Australian shopping centre investment trust, Centro, faces collapseWorld Socialist Web Site, MI - 51 minutes agoCentro went into financial free fall on December 17, after admitting it had been unable to refinance short-term debt on its heavily leveraged $10 billion ...
  2008-01-08 10:09:21

• Nonprofits bear brunt of foreclosure fight (Reuters via Yahoo! UK & Ireland News)

  Mohammed Ibrahim is overwhelmed by people asking for help.
  2008-01-08 06:09:00

• Nonprofits bear brunt of foreclosure fight (Interactive Investor)

  Business Finance and city news online from Interactive Investor (www.iii.co.uk). Plus financial and currency market news and information 24/7. Stock prices, share prices, currency markets news and business finance headlines. Also news from AFX and Reuters.
  2008-01-08 06:26:29

• State mortgage industry feels business dip (East Valley Tribune)

  Arizona's mortgage industry was one of the hardest-hit in the country last year, with more than 2,000 jobs lost to company closures and layoffs.
  2008-01-08 09:34:35

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