Mortgage and Financial News From 2008-3-8 Page 16

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  • 140,000 Scots Face Mortgage Hike Misery

    Daily Record - This helped those with a tracker mortgage, who were guaranteed to see their monthly payments fall. Repayments on a £150,000 interest-only loan fell by £31 a month.
    2008-03-04 03:53:00
  • AP Business NewsBrief at 5:50 a.m. EST

    CNBC - ... in hundreds of millions of dollars despite contributing to the subprime mortgage ... Like the livestock industry, it's only gotten more efficient. ... after a weak jobs report convinced many traders that the Federal Reserve's interest ...
    2008-03-08 01:15:00
  • How to Pay for Home Renovations

    Street.Com - ... 000 on your first mortgage while taking $75,000 in cash for the renovation. The average interest rate nationwide for a 15-year mortgage ... For the first month, you'll pay interest only on the $7,000 you withdrew, or about $33 a month.
    2008-03-06 08:42:00
  • Dangerous Cracks Appearing in Job Market

    Forbes - The worsening situation will prompt the Federal Reserve to cut a key interest rate ... Factories, construction companies, mortgage brokers, real-estate firms, retailers ... debate should no longer be about whether there is or is not a recession, only ...
    2008-03-08 04:29:00
  • Bad news piles up, points to recession

    Seattle Times - Almost immediately, the economists at JPMorgan Chase — who only last week had told ... White House officials said they are also considering other measures, including a mortgage-paydown program in which the federal government would offer low-interest ...
    2008-03-08 12:47:00
  • Time to refinance?

    CNN Money - ... in the 1980s, rates were at 15% or 16%," says Bob Moulton of Americana Mortgage. Remember, interest ... fact, they're insisting on it according to Melissa Cohn of Manhattan Mortgage. For some lenders, that's a score of 680, while other lenders are only ...
    2008-03-06 10:58:00
  • Recession fears rise as firms slash jobs

    Boston Globe - Meanwhile, the Mortgage Bankers Association reported a record number of American ... In addition, aggressive interest rate cuts by the Federal Reserve will provide a ... The Labor Department only counts people as unemployed and in the labor force if ...
    2008-03-08 02:27:00
  • Tax season

    Baltimore Sun - Some tax breaks are here only for this tax season. They may be resuscitated later, though. ... Form 8396 for mortgage interest credit; Schedule 2, Form 1040A for child and dependent care expenses, and Form 8859 for a first ...
    2008-03-08 04:07:00
  • FHA boosts home mortgage limits

    San Francisco Gate - ... FHA could not insure single-family home mortgage loans in the continental United States that exceeded $200,160 to $362,790, depending on location. ... The interest rate on loans backed by Fannie ...
    2008-03-06 02:36:00
  • A new leaf

    Chicago Tribune - A less obvious sign is the surge in popularity of the interest-only mortgage. These loans have grown from just a sliver of the market in 2003 to a slice today, says Frank Nothaft, chief economist at Freddie Mac, a government-sponsored mortgage agency.
    2008-03-06 04:31:00
  • Desperate owners turn to 'short sales'

    Hampton Roads Daily Press - In addition, her interest-only mortgage started out with reasonable monthly payments, but she realized the payments would rise soon to unaffordable levels.
    2008-03-08 01:15:00
  • Should You Unlock Capital From Your Home? (The Motley Fool)

    Does it make sense to borrow more money against your home?
    2008-03-08 03:52:39
  • The recession bell is ringing (Nevada Appeal)

    WASHINGTON Dangerous cracks in the nation's job market are deepening.
    2008-03-08 04:04:27
  • BOE May Keep Rate at 5.25% as Inflation Accelerates (Update1)

    Bloomberg - ... above 3 percent this year, adding to the dilemma for policy makers as they consider whether to cut interest rates to ... Economic growth is slowing after contagion spread from the U.S. subprime mortgage market slump, which has prompted about $181 ...
    2008-03-06 12:35:00
  • Futures slip after mortgage lender defaults

    Washington Post - Thornburg, a "jumbo" mortgage lender, said it had received a letter from JPMorgan ... about even with fair value, a pricing evaluation that accounts for interest rates ... January pending home sales are due. Television stations said the New York City ...
    2008-03-06 04:52:00