Mortgage and Financial News From 2008-5-17 Page 9
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Personal Finance Daily: The week's 10 best Personal Finance stories: May 12-16 (Market Watch)
In case you missed them, here are the top 10 Personal Finance stories from MarketWatch for the week of May 12-16:
2008-05-17 05:07:39 -
Tryon takes on home crisis (Northwest Herald)
SPRINGFIELD – As housing markets continue to slump nationwide, one McHenry County lawmaker has a plan that he hopes will help stimulate housing sales closer to home.
2008-05-17 05:58:01 -
Surprise Rebound in Housing, Outlook Still Shaky (WBOC Salisbury)
WASHINGTON - Construction of new homes increased by the biggest percentage in more than two years in April, a rare spot of good news amid the worst downturn in housing in more than two decades.
2008-05-17 07:33:18 -
Fannie Mae Will Reduce Down Payment Minimums (NYTimes.com via Yahoo! Finance)
The new requirements of 3 percent or 5 percent will apply nationally to loans on single-family primary residences, the company said.
2008-05-17 08:37:45 -
Accounting changes help Freddie Mac 1Q beat views - FOX News
Changes in accounting practices helped McLean, Va.-based Freddie Mac achieve better-than-expected results Wednesday. For example, Freddie adjusted how it accounts for derivatives, financial instruments used to hedge against swings in interest rates ...
2008-05-13 05:54:00 -
U.S. mortgage rates drift lower - Marketwatch
CHICAGO (MarketWatch) -- Most mortgage rates drifted lower this week, after remarks by the Federal Reserve bolstered optimism that financial markets will recover later this year, Freddie Mac's chief economist said Thursday. The 30-year fixed-rate ...
2008-05-15 08:11:00 -
Fitch Takes Various Actions on 5 American Home Mortgage Alt-A Deals - Forbes
Fitch Ratings has taken rating actions on the mezzanine/subordinate bonds on the American Home Mortgage Assets transactions listed below: --American Home Mortgage Assets Trust 2007-1; --American Home Mortgage Assets Trust 2005-1 Group 3; --American ...
2008-05-15 02:45:00 -
Stress, Depression, Suicide Can Accompany the Loss of a Home - ABC News
For more than two decades, the couple had lived in their three-level house, where the elms outside blazed with yellow shades of fall and their four golden retrievers slept in the yard. The town had always been home, with a lazy river and rolling ...
2008-05-17 06:36:00 -
Mortgage rates decline slightly - CNN Money
NEW YORK (CNNMoney.com) -- Rates on 30-year mortgages eased this week, but remained above 6%, as signs that the overall economy is recovering helped offset ongoing weakness in the housing market, mortgage backer Freddie Mac said Thursday. Freddie Mac ...
2008-05-15 09:16:00 -
Briefcase: May 17, 2008 (South Bend Tribune)
LEBANON, Ind.
2008-05-17 04:10:17 -
Got Debt? Explore Debt Relief Solutions (Carteret County News-Times)
(ARA) - Everywhere you look you see news about the "credit crunch" and the mortgage foreclosure crisis and, if you're like most Americans, you're feeling the pinch too.
2008-05-17 04:23:32 -
Mortgage lender charged with fraud (Bucks County Courier Times)
A former Bucks County prosecutor has been charged with defrauding mortgage customers. He has pleaded guilty to similar crimes twice before.
2008-05-17 04:44:43 -
Home sales up first since '05 (The Santa Rosa Press Democrat)
In a sign Sonoma County's unsettled housing market may be slowly starting to stabilize, home sales rose in April for the first annual increase in more than two years.But analysts warned it was much too soon to declare an end to the region's housing slump.
2008-05-17 05:26:21 -
Construction away from housing could be next bust (CNNMoney.com via Yahoo! Finance)
Demand for new homes collapsed last year. Next up could be a similar drop in the rest of the construction market -- and that could be the latest drag on an already sputtering U.S. economy
2008-05-17 05:43:00 -
Eliminate Credit Card Debt (The Bradford Era)
(ARA) - You've heard the old adage, pay down your credit card debt each month to avoid the nasty interest rate charges and fees that result from revolving balances.
2008-05-17 06:37:47
