Mortgage and Financial News From 2007-12-22 Page 2
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Tax tip: What’s deductible with mortgage refinancing
Kansas City Star - Q. We plan to refinance our adjustable-rate mortgage before it goes up in March. Will we get a larger deduction if we take out additional money, and incur PMI (private mortgage insurance) payments, in order to pay some credit cards? Will the PMI be ...
2007-12-21 03:55:00 -
Liverpool money crisis deepens as American owners miss deadline over ...
Daily Mail - But off the field, the failure so far of efforts by American owners George Gillett jnr and Tom Hicks to refinance the £220million they borrowed from the Royal Bank of Scotland to fund their takeover of the club 10 months ago is pushing Liverpool ...
2007-12-22 02:57:00 -
Asian markets decline for 2nd week on US fears; Toyota falls
Gulf Times - There’s lots of nervousness around issues to do with the ability to refinance debt, and in the short term that hurts banks the most,” said Michael Birch, who helps manage the equivalent of about $140mn at Wallace Funds Management in Sydney. ...
2007-12-22 03:18:00 -
US Banks Abandon Plan for Super-SIV
Saudi Gazette - The rescue fund was announced in mid-October as many SIVs were struggling to refinance short- and medium-term debt to fund longer-term assets including mortgage assets. Many banks and investors had feared SIVs would dump bonds into financial ...
2007-12-22 06:39:00 -
House passes 2008 intelligence budget
Daily Reflector - ... FHA-backed mortgages; raises by 15 percent — to as much as $417,000 — the maximum value of loans eligible for FHA mortgage insurance, with the actual increase varying by region; makes it easier for qualified holders of problem loans to refinance ...
2007-12-22 06:17:00 -
Stock market to start week on a high
West Online - Investors were hurt last week when securities in Centro Properties Group plunged over 75 per cent after the shopping centre owner announced it couldn't refinance billions of dollars of debt. Higher-than-expected inflation data in the US fuelled fears ...
2007-12-22 08:12:00 -
Private equity buyouts hit by credit crisis
Daily Telegraph - That compares with just 39pc who predicted a tightening at the beginning of 2007. Gerry Loftus, a partner at Deloitte, said: "After a period of low credit spreads and high liquidity levels, the opportunity for companies to refinance on better terms ...
2007-12-22 03:18:00 -
Tax tip: What's deductible with mortgage refinancing (The Kansas City Star)
Q. We plan to refinance our adjustable-rate mortgage before it goes up in March. Will we get a larger deduction if we take out additional money, and incur PMI (private mortgage insurance) payments, in order to pay some credit cards? Will the PMI be deductible, too?
2007-12-22 08:51:02 -
Staving off foreclosure
San Antonio Express News - ... number of foreclosures — the highest in more than a decade — mortgage ... For more information, call (800) CALL-FHA (225-5342), or visit www.fha.gov ... nonprofit advocacy and homeownership group that helps borrowers refinance ...
2007-12-19 03:58:00 -
New Hampshire Governor Lynch Alerts NH Homeowners At Risk Of ...
All American Patriots - ... Reserve Program Allows Consumers Facing Increasing Interest Rates to Refinance ... The initiative, called the Mortgage Relief Fund, is intended for homeowners with ... For more information about the program, go to www.mortgagerelieffund.com . Gov. Lynch ...
2007-12-19 03:58:00 -
'Deal with Devil' burns subprime homeowner (Independent Online)
One week in 2002, Daniel Sadek was $6 000 (R42 000) short of covering the payroll for his new subprime mortgage company, Quick Loan Funding. So he flew to Las Vegas and put a $5 000 chip on the blackjack table.
2007-12-22 08:35:37 -
Tent city growing as US 'housing crisis' worsens
Australian Broadcasting Corp. - A many as half a million people could lose their homes as adjustable mortgage rates rise over the next two years. (File photo) (AFP: Jeff Haynes) Between railroad tracks and beneath the roar of departing planes sits 'tent city', a terminus for ...
2007-12-22 03:11:00 -
SEC launches inquiry into WaMu's mortgage practices
Seattle Post Intelligencer - The Securities and Exchange Commission is looking into Washington Mutual Inc.'s mortgage lending practices, deepening a ... that buys loans from Washington Mutual must be sure that the loans they purchased are not corrupted by this systemic fraud ...
2007-12-19 03:58:00 -
House of cards
Khaleej Times - They, and auditing firms, allowed banks to egregiously misvalue their mortgage holdings and create 'conduits' and 'off balance sheet' vehicles that were new forms of accounting fraud. Many bankers and managers simply failed to understand the mind ...
2007-12-22 06:46:00 -
State names new real estate division leader
Salt Lake Tribune - Steinagel said addressing the problem of mortgage fraud in Utah will be one of his top priorities. "Since we license the mortgage lenders in the state, we have an enormous role to make sure they have ethical standards and follow the law," he ...
2007-12-20 03:56:00