Mortgage and Financial News From 2008-1-5 Page 4

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• Bank gave 'payment holiday' on €3m loans - Irish Independent

  Bank gave 'payment holiday' on €3m loansIrish Independent, Ireland - 1 hour agoThe massive sums -- €7.505m in total -- were given to the Mayo-born solicitor and his then business partner, John Riordan, to help them refinance existing ...
  2008-01-05 09:04:05

• Benny Kass: No good way to put fiancee on title and deduct payments - San Francisco Chronicle

  Benny Kass: No good way to put fiancee on title and deduct paymentsSan Francisco Chronicle,  USA - 1 hour agoSo, the only way that she will be able to claim any deductions is to put her name on title and refinance your existing loan. That may not be a bad idea, ...
  2008-01-05 09:41:24

• Harsh real estate reality hurts western homeowners - Palm Beach Post

  Harsh real estate reality hurts western homeownersPalm Beach Post,  United States - 1 hour agowhich later filed for bankruptcy - sought them out, praised them for their great credit, and offered the opportunity to refinance and get some cash back. ...
  2008-01-05 09:41:49

• As Bankruptcies Surge, Congress Ponders Change in Law - Black Enterprise

  As Bankruptcies Surge, Congress Ponders Change in LawBlack Enterprise, NY - 1 hour agoLiving on Social Security, McGee said she had to refinance her home to pay $5000 in back taxes to avoid a foreclosure. She said she wasn't aware that her ...
  2008-01-05 09:52:19

• Dont put all the blame for subprime mortgage crisis on the borrowers (The Kansas City Star)

  A kind of cynicism pervades discussion of the subprime mortgage problem. It is getting in the way of thoughtful discussion of what got us into this mess in the first place.
  2008-01-05 08:49:27

• Flood of woes hit housing (The State)

  With home prices falling and foreclosures rising last year, Congress held dozens of hearings into the nation’s mortgage crisis. But it failed to pass any significant legislation to tighten lending regulations, crack down on predatory mortgage practices or provide help to families facing foreclosure. Although the House approved several mortgage-related bills, the legislative process stalled in ...
  2008-01-05 09:07:01

• New real estate year starts with a tale of San Francisco's two cities (San Francisco Chronicle)

  And so, 2008's San Francisco real estate year begins not with a bang but a whimper. It is the spawn of last year's market, which was so slow that in the last week of 2007, Alexander Clark's SFNewsletter (links.sfgate.com/ZBYS) about San Francisco real estate...
  2008-01-05 09:18:09

• Harsh real estate reality hurts western homeowners (The Palm Beach Post)

  It seemed a good idea at the time: rent their house because the market wasn't yielding buyers, and then move on with plans to move on with life.
  2008-01-05 09:38:10

• Declining home prices stymie refinancing (The Standard-Times)

  The decline in home prices has had a profound impact on buyers and sellers in today's real estate market, but the impact doesn't stop there.
  2008-01-05 10:24:06

• Asia markets drop on global economic growth concerns (Gulf Times)

  Seoul: Asian stocks fell this week, led by exporters such as Toyota Motor Corp and Samsung Electronics Co, after reports showed that some Asian countries’ growth and the US economy are slowing.
  2008-01-05 10:49:55

• Street Capital Financial Corporation launches mortgages in British ... - CNW Telbec (Communiqués de presse)

  Street Capital Financial Corporation launches mortgages in British ...CNW Telbec (Communiqués de presse), Canada - Jan 4, 2008Its key customer segments include first time homebuyers, move up buyers, refinance customers, new immigrants, self-employed purchasers, investment or ...
  2008-01-04 09:16:12

• SHARC to take bite out mortgage foreclosures (KARE 11 Minneapolis-St. Paul)

  He's been working for years to pay off his mortgage. 46-year-old Jim Jackson of Minneapolis wanted to eventually leave his home to
  2008-01-05 02:47:44

• Foreclosure auction does not result in deals (Savannah Morning News)

  Editor's note: This is the first in an occasional series looking at the rise in foreclosures.
  2008-01-05 10:00:50

• A New Law Gives Judges Power Of Mortgages

  HULIQ.com - Should judges have the power to reduce mortgage rates and extend mortgage terms in bankruptcy case? This new law may just do that. Federal legislators are trying to pass a law that would give judges power over mortgage terms. The law was passed by ...
  2008-01-05 11:20:00

• June sales of existing homes were fastest ever

  Baltimore Sun - WASHINGTON - Existing homes were sold at the fastest pace in history last month, as mortgage rates near a four-decade low helped drive prices to an all-time high. But some private economists predicted yesterday that housing may be nearing its peak as ...
  2008-01-04 03:53:00

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