Mortgage and Financial News From 2008-1-5 Page 6

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  • Spin and denial survive the global credit crunch - Khaleej Times

    Spin and denial survive the global credit crunchKhaleej Times, United Arab Emirates - 32 minutes agoA good part of the rest of the world, he contends, is adding in write-downs on securities like collateralized mortgage obligations and other mortgage-backed ...
    2008-01-05 09:17:53

  • Municipal bond woes could miss Pittsburgh - Pittsburgh Post Gazette

    Municipal bond woes could miss PittsburghPittsburgh Post Gazette, PA - 29 minutes agoAnd as default rates on subprime loans soar, the investments are souring. That's why credit rating agency Standard & Poor's cut its credit rating for bond ...
    2008-01-05 09:20:48

  • Despite record supply of homes for sale, demand hits lowest point - Palm Beach Post

    Despite record supply of homes for sale, demand hits lowest pointPalm Beach Post,  United States - 29 minutes ago... America's Realty in West Palm Beach, predicts home prices will fall 3 percent to 4 percent this year - and mortgage rates will spike by the end of 2008. ...
    2008-01-05 09:21:01

  • An interest in going green - Albany Times Union

    An interest in going greenAlbany Times Union, NY - 28 minutes agoShould purchasers of energy-conserving homes get better rates on their mortgages? These are some of the questions financial institutions are wrestling with ...
    2008-01-05 09:22:04

  • Subprime meltdown - Washington Times

    Subprime meltdownWashington Times, DC - 12 minutes agoSince early 2005, the mortgage-delinquency rate has jumped by a third, rising from 4.3 percent to nearly 5.7 percent, which is comfortably above the ...
    2008-01-05 09:37:29

  • Kenneth Harney: Despite downturn, there are signs of a better 2008 - San Francisco Chronicle

    Kenneth Harney: Despite downturn, there are signs of a better 2008San Francisco Chronicle,  USA - 8 minutes agoTake mortgage rates. Had the cost of money been significantly higher in 2006 and 2007, does anyone doubt that the delinquencies and foreclosures stemming ...
    2008-01-05 09:41:23

  • Yuma welcome center may get cut - Yuma Sun

    Yuma welcome center may get cutYuma Sun, AZ - 2 minutes agoHe pointed out that the Republican-controlled Legislature - with the cooperation of the Democratic governor - slashed individual income tax rates by 10 ...
    2008-01-05 09:47:49

  • Risky loans harder to find but still available (North County Times)

    NORTH COUNTY - As a housing recession widens the credit crunch, riskier loans aimed to help first-time homeowners remain available, but are becoming harder to secure and could disappear over the next year.
    2008-01-05 08:51:15

  • FREE PRESS EXCLUSIVE: $150-million complex planned for downtown (Detroit Free Press)

    Mayor Kwame Kilpatrick and private developers are days away from announcing a blockbuster new residential, retail and entertainment center in the heart of Detroit, a project aimed at pumping up downtown's 24-hour buzz and international interest in the city.
    2008-01-05 08:56:14

  • The Year Ahead For Local Industries (The Tampa Tribune)

    Will this year be great, or will we see recurring economic themes from 2007? Predictions by industry experts point to an easing of the morass in the housing market but say insuring your home will still be a hairy proposition. On a positive note, Hillsborough County's cancer research center, the county's biggest economic development project, may start paying dividends. Meantime, the cost of ...
    2008-01-05 09:09:56

  • Four smart money moves to start 2008 (MSN Money Canada)

    Well, this is it. We've seen the end of 2007, and here we are with a new beginning. The clock has started fresh on a New Year, and as we started discussing last week, you've got resolutions to make.
    2008-01-05 09:11:52

  • Commercial plane crashes into Gulf of Alaska (Detroit Free Press)

    KODIAK, Alaska — A small commercial plane carrying 10 people crashed in the water off Kodiak Island today, authorities said.
    2008-01-05 09:15:46

  • Spin and denial survive the global credit crunch (Khaleej Times)

    The scene: a kickoff party in late November for the new Paris office of the troubled U.S. investment bank Bear Stearns. As applause for a formal presentation faded, and the cocktail party began in a nearby salon, a swing band struck up the 1936 Fred Astaire hit “Let’s Face the Music and Dance.”
    2008-01-05 09:21:59

  • Municipal bond woes could miss Pittsburgh (Pittsburgh Post-Gazette)

    But subprime crisis hits insurers, issuers The subprime lending meltdown, which has bled out of the housing market to taint car loans and credit cards, also is having an adverse affect on the ...
    2008-01-05 09:26:01

  • Despite record supply of homes for sale, demand hits lowest point (The Palm Beach Post)

    If you want to know what's going to happen in the housing market, just keep your eye on two things: supply and demand.
    2008-01-05 09:40:21

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