Mortgage and Financial News From 2008-1-19 Page 48
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Dobson calls for a five year moratorium on all home foreclosures - Politicker Maine
Dobson calls for a five year moratorium on all home foreclosuresPoliticker Maine, ME - 41 minutes ago... five-year moratorium on all home foreclosures, which she blames on the “reckless and irresponsible financial practices” of predatory mortgage lenders ...
2008-01-19 03:19:14 -
It's back to the future for Clinton - Toronto Star
It's back to the future for ClintonToronto Star, Canada - 12 minutes agoConstruction of new homes has dropped, as have home prices in the wake of the subprime mortgage crisis. Banks and brokerages are losing billions of dollars ...
2008-01-19 03:47:40 -
Police: Man kills wife, leaps from bridge - phillyBurbs.com
Police: Man kills wife, leaps from bridgephillyBurbs.com, PA - 12 minutes agoWalter Buczynski was vice president of Columbia, Md.-based Fieldstone Mortgage, a high-flying subprime mortgage lender that made $5.5 billion in mortgage ...
2008-01-19 03:47:46 -
Dominion Homes to be acquired - Columbus Dispatch
Dominion Homes to be acquiredColumbus Dispatch, OH - 8 minutes agoAt the beginning of 2007, Dominion said it had replaced its longtime lenders with East Coast investors, one of which was Silver Point of Greenwich, Conn. ...
2008-01-19 03:51:55 -
Exec kills self; wife found dead (Daily Journal)
EVESHAM -- A high-ranking executive of a collapsed subprime mortgage lender jumped to his death from the Delaware Memorial Bridge on Friday, shortly after his wife's body was found inside their Burlington County home, authorities said.
2008-01-19 01:35:16 -
Man suspected in wife's death jumps from Del. Mem. Bridge (Today's Sunbeam)
NEW CASTLE, Del. Authorities will resume the search this morning for the body of a high-ranking executive of a collapsed subprime mortgage lender whom they believe killed his wife at their Marlton home and then drove to the Delaware Memorial Bridge and jumped to his death on Friday.
2008-01-19 01:41:50 -
Low mortgage rates may not last long (Seattle Times)
Whether you're thinking about refinancing your mortgage or taking advantage of January's exceptionally low rates to buy a house, don't sit around. Acting sooner rather than later should be a smart strategy.
2008-01-19 02:15:04 -
Investors hold key to recovery of mortgage market (Seattle Times)
The financial crisis we are in will probably enter the U.S. record book as the second worst in the last 100 years. Part 1 of a two-part series.
2008-01-19 02:16:04 -
Mortgage workers face more layoffs in Bay Area More than 1,600 mortgage industry job eliminations planned in ... (Inside Bay Area)
The early months of 2008 are expected to unleash more pain for a mortgage industry that has disclosed plans to shed more than 1,600 jobs in California.
2008-01-19 03:06:44 -
Terra Firma's Hands sees recessions
Boston Globe - Recessions are inevitable, even if they may be delayed by lowering of interest rates and injection of funding" in the short-term ... of the company's work force, in a restructuring plan aimed at reassuring its restless artists, countering plummeting CD ...
2008-01-18 03:36:00 -
Is CD laddering right for you?
Meridian Star - If interest rates rise during the year, you will have money available to invest in a higher rate CD. Or, if rates fall, only a portion of your investment dollars will need to be reinvested at the lower rate. CD laddering may be a strategy that’s ...
2008-01-18 08:30:00 -
Foreign sales pump up Q4 profit at GE
Ottawa Citizen - With global credit markets in turmoil and most major Wall Street banks suffering big losses, GE saw profits rise at its commercial finance and GE Money consumer finance arms. Executives said it had been able to demand higher interest rates for loans.
2008-01-19 12:26:00 -
A tough choice to make - ChronicleLive
A tough choice to makeChronicleLive, UK - 19 hours agoThis week sees a man with a pedigree which far and away surpasses even Carrack’s impressive strike-rate, especially when it comes to chart success. ...
2008-01-18 07:18:51 -
Terra Firma's Hands Sees Recessions - Forbes
Terra Firma's Hands Sees RecessionsForbes, NY - 12 hours ago"Recessions are inevitable, even if they may be delayed by lowering of interest rates and injection of funding" in the short-term, Hands said. ...
2008-01-18 02:06:07 -
Foreclosures up locally, but it's too early to call it a trend - Austin American-Statesman
Foreclosures up locally, but it's too early to call it a trendAustin American-Statesman, TX - 10 hours agoBonnie Brown, a spokeswoman for Roddy's firm, said she thinks a Bush administration-backed plan to freeze mortgage interest rates on adjustable rate loans ...
2008-01-18 04:01:19