Mortgage and Financial News From 2008-5-17 Page 10
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Finding a Lender You Can Count On (The Lakeland Ledger)
Given all the turmoil in the nation's mortgage markets, homebuyers must now search widely to find a dependable lender who's also offering the best available rates.
2008-05-17 06:42:25 -
FHA Plans to Use Credit Scores More In New System (The Lakeland Ledger)
DALLAS | Who have better credit scores on average home buyers with higher or lower incomes
2008-05-17 06:42:43 -
Is it time for refinancing yet? (The Dodge City Daily Globe)
Refinancing, is it time yet? An oft-quoted rule of thumb is that a borrower should consider refinancing if interest rates fall more than two percent below the original rate. This rule of thumb is really too simplistic to have much meaning.
2008-05-17 06:58:29 -
BayernLB drops interest in IKB - sources - Reuters
MUNICH, May 15 (Reuters) - Bavarian state bank BayernLB [BAYLB.UL] has dropped out of the running to buy loss-making German lender IKB (IKBG.DE: Quote , Profile , Research ) and will not submit a firm offer by Friday, financial sources told Reuters ...
2008-05-15 01:02:00 -
Anthracite Capital Reports Operating Earnings of $0.37 Per Share and ... - CNBC
NEW YORK, May 15, 2008 (BUSINESS WIRE) -- Anthracite Capital, Inc. (NYSE:AHR) (the "Company" or "Anthracite") today reported net income available to common stockholders for the first quarter of 2008 of $0.79 per share, compared to $0.41 per share for ...
2008-05-15 03:54:00 -
Fitch Affirms JPMCC Series 2007-CIBC20 - Forbes
Fitch Ratings has affirmed J.P. Morgan Chase Commercial Mortgage Securities Corp. (JPMCC), series 2007-CIBC20, commercial mortgage pass-through certificates: -- $26.6 million class A-1 at 'AAA'; -- $105.1 million class A-2 at 'AAA'; -- $208.6 million ...
2008-05-15 10:13:00 -
Credit crunch fails to stop our summer holidays - Daily Telegraph
Something rather alarming happened on Wednesday: the "nice decade" came to an end. Eras don't tend to finish so neatly, but this one did, sent on its way by Mervyn King, governor of the Bank of England. Apparently, we have all been having it much too ...
2008-05-17 03:30:00 -
House rejects bill funding Iraq, Afghanistan wars (Journal Inquirer)
WASHINGTON — House Republicans killed President Bush’s Iraq war funding request Thursday in order to try to save it.
2008-05-16 10:58:56 -
Qatar bourse crosses landmark in week (Gulf Times)
DOHA: Domestic institutions were instrumental in maintaining the bullish momentum in Qatar’s bourse in the week ended May 15, which also saw its index cross the 12,000 mark.
2008-05-16 11:14:32 -
UAE: Cityscape rings up sales worth Dh20bn (Zawya)
17 May 2008 Property development giants dismantled their stands at the end of an international real estate show in Abu Dhabi yesterday after netting more than Dh20 billion and revealing major projects for potential investors.
2008-05-16 11:14:44 -
Business Digest (The Sacramento Bee)
Playboy photo suit dismissed
2008-05-17 12:21:59 -
Reverse mortgages popular, and costly (Seattle Times)
Diane and Peter Carrara moved into their dream house in 1958. It was an unfinished shell — no doors, bathtub, heat, or even finished...
2008-05-17 02:17:23 -
Ticket brokers paid Vitale $60,000 - Boston Globe
The Massachusetts Association of Ticket Brokers yesterday filed reports with the secretary of state's office indicating it paid Richard D. Vitale $60,000 to work on its behalf in 2007 - contradicting assertions by Vitale that he did not lobby for the ...
2008-05-16 10:51:00 -
Higher payment rule eased - Baltimore Sun
Fannie Mae, under pressure from homeowner and real estate groups, is doing away with higher minimum down payment requirements in parts of the country with declining home prices - a policy that had affected much of the Baltimore metro area. The ...
2008-05-17 12:31:00 -
Why do I need mortgage insurance? - Louisville Courier-Journal
A: Private mortgage insurance, also known as PMI, is often required if your down payment is less than 20 percent of the home's purchase price. As the value of your home rises and you pay down some of the loan amount, your equity may surpass 20 ...
2008-05-17 01:28:00