Mortgage and Financial News From 2007-8-31 Page 6

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  • 2 Men Wanted In Middletown Home Invasion (WHIO-TV 7 Dayton)

    MIDDLETOWN, Ohio -- Police in Middletown said two men invaded an apartment and pistol-whipped a 17-year-old boy and stripped-searched a woman. The home invasion happened in the 4100 block of Bonita Drive.
    2007-08-31 07:30:32

  • FHA will step in, help refinance risky loans (Honolulu Advertiser)

    Some homeowners with risky "subprime" adjustable-rate mortgages will be able to refinance before they lose their homes to foreclosure, with the help of steps President Bush will announce today, senior administration officials said.
    2007-08-31 12:25:42

  • Federal Housing Adminstration to help refi at-risk loans (USA Today)

    Some homeowners with risky "subprime" adjustable-rate mortgages will be able to refinance before they lose their home to foreclosure, with the help of steps President Bush will announce today, senior administration officials said Thursday night.
    2007-08-31 04:07:04

  • TREASURIES-Bonds lose as stocks rise on Bush mortgage plan

    Stockhouse Canada - TREASURIES-Bonds lose as stocks rise on Bush mortgage plan 8/31/2007 2:49:00 PM ET ... doing alright but the month-end gave us a little bid,' said Ian Lyngen, interest ... The only thing I saw that was really new was that the financial losses exceed ...
    2007-08-31 06:59:00

  • What Bush's Plan Means for Homeowners

    CNBC - President Bush outlined reforms to help struggling subprime mortgage borrowers. This ... false hope to those who would be better off cutting their losses really only ... In contrast to the two million subprime mortgages with interest rates which will ...
    2007-08-31 03:17:00

  • Bush Outlines Mortgage Aide Paln

    Los Angeles Business Journal - ... first effort to deal with an expected wave of defaults fueled by the mortgage crisis ... A federal bailout of lenders would only encourage a recurrence of the problem." ... has been an increase in adjustable-rate mortgages, which start out with low interest ...
    2007-08-31 05:33:00

  • John Authers: Lay the blame on Wall Street and Main Street

    Financial Times - For borrowers who were stretched in the first place, and who only borrowed on the basis of generously low initial ... They do not take the costs of renovations or mortgage interest into account, let alone inflation. Nobody treats stocks this way.
    2007-08-31 06:16:00

  • Local experts say no bailout on mortgages, but help needed

    Newsday - A crisis-ridden mortgage industry maybe hoping for a bailout, but local experts awaiting President George Bush's proposals ... They used these innovative financing mechanisms -- interest only or low teaser rates -- so I think we will be more dramatically ...
    2007-08-31 05:04:00

  • Read Ben Bernanke's speech

    CNN Money - When the federal income tax was introduced in 1913, it included an exemption for mortgage interest payments, a ... we are discussing this weekend, and he has just finished a very interesting book on subprime mortgage markets. We will miss not only Ned ...
    2007-08-31 06:23:00

  • U.S. Stock-Index Futures Rise on Bush Mortgage-Aid Plan Countrywide ...

    Bloomberg - Aug. 31 (Bloomberg) -- ``Designer vagina'' surgeries costing as much as $5,500 for G-spot amplification and so-called revirginization should be banned as risky and ineffective, according to groups representing gynecologists and plastic surgeons. The ...
    2007-08-31 01:01:00

  • S&P Names Sharma President Amid Ratings Criticism (Update2)

    Bloomberg - ... rating companies and EU Financial Services Commissioner Charlie McCreevy plans to review management, conflicts of interest ... Credit-rating companies may be successfully sued by investors who have lost money on subprime-mortgage securities and other ...
    2007-08-31 12:03:00

  • Bush outlines aid for mortgage holders

    FXStreet.com - Bush outlines aid for mortgage holders Fri, Aug 31 2007, 17:43 GMT http://www.afxnews.com WASHINGTON (AP ... One of the most troubling developments has been an increase in adjustable-rate mortgages, which start out with low interest ...
    2007-08-31 05:33:00

  • Accounting Expert Simplifies Key Element in Sub-Prime Mortgage Crisis

    Forbes - I am talking about all of those creative products in which principal and interest are back end loaded, such as teaser rates and no money down," Rossi explains. "Most mortgage companies are only brokers; they are in the business of writing loans not ...
    2007-08-31 06:16:00

  • Bush offers mortgage help but no bailout (Houston Chronicle)

    President Bush today outlined ways to help homeowners facing foreclosure — the administration's first effort to deal with an expected wave of defaults fueled by the mortgage crisis.
    2007-08-31 03:36:17

  • Bush to outline aid to mortgage holders (AP via Yahoo! News)

    Offering federal aid for strapped mortgage holders, the White House outlined proposals Friday to help borrowers hard hit by credit problems and the housing slump.
    2007-08-31 03:06:27

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