Mortgage and Financial News From 2007-9-16 Page 17
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Naeem plans mortgage firm (AME Info)
The CEO of Egyptian investment bank Naeem Holding, Ahmed Naim Badr, is planning to set up a $200m mortgage company to take advantage of the rising demand for real estate in the country, reported Reuters.
2007-09-15 10:11:36 -
Less of a mess locally
Everett Herald - The strength of the local economy is one of the primary reasons the real estate market here is faring so well, said Dean Dardzinski, the Pacific Northwest sales manager for Mortgage Guaranty Insurance Corp. Fewer people here bought homes as ...
2007-09-15 11:51:00 -
Your letters
St. Petersburg Times - I hope and pray the storms stay far out at bay, for right now I have borrowed to pay off the mortgage and have no wind insurance anymore. Rita Brownen, Clearwater Immigration problems Lawmakers need to act now I find the latest fact from the U.S ...
2007-09-15 09:21:00 -
Credit crunch takes bite out of market for second mortgages
Fort Lauderdale Sun-Sentinel - That approach spares borrowers from paying for dreaded private mortgage insurance, which lenders require when a borrower's equity falls below 20 percent of the home's value. Late last year, President Bush signed legislation allowing borrowers with ...
2007-09-15 05:03:00 -
In storm, Valley's levees vulnerable to flooding
Houston Chronicle - If made formal, that destination will force homeowners and businesses — anyone with a mortgage — to buy flood insurance. A 2004 impact study done for the boundary commission suggests that the levees at risk protect at least $322 million in ...
2007-09-15 10:25:00 -
Area Votes in Congress
Philadelphia Inquirer - All Philadelphia-area senators voted to continue the ban on Mexican trucking beyond the immediate border region. This week. The House will take up bills on Terrorism Risk Insurance and the sub-prime home-mortgage crisis. The Senate will debate D.C ...
2007-09-15 11:58:00 -
Turning off the tap
MENAFN - The White House is intervening at "ground level" by extending the Federal Mortgage Insurance Program for home buyers. This may cut the risk of subprime borrowers in future and may save some from losing their homes, but it will only help a relatively ...
2007-09-15 10:25:00 -
HUD foreclosures: By the numbers
Lafayette Journal and Courier - Instead, a mortgage insurance fund filled with monthly premiums paid by FHA borrowers picks up the costs. No-frills approach Foreclosures affect more than the homeowners and lenders. Foreclosed properties that drop in value can have a depressing effect ...
2007-09-15 10:47:00 -
Battered but still worth owning
Baltimore Sun - Paulsen said most big money center banks have only a small amount of mortgage exposure, insurance companies very little direct exposure and regional banks even less. "There is still risk in the financial services stocks, though the real problem is ...
2007-09-16 12:20:00 -
WHEN IS IT OK NOT TO FILE A FEDERAL TAX RETURN?
New York Post - Dear R.B.: As long as the condo is your primary residence and both names are on the mortgage you can each deduct your proportionate share of the interest on your tax returns, according to accountant Robert A. Reitman. The amount of mortgage insurance ...
2007-09-15 10:11:00 -
Prepaying mortgage usually smart
Baltimore Sun - Those who want to stop paying private mortgage insurance, which the bank charges when you have less than 20 percent equity. It can cost from $150 to $600 monthly. For more guidance, go to www.mtgprofessor.com, a site run by University of Pennsylvania ...
2007-09-16 12:20:00 -
Federal report finds persistent mortgage disparities between races (Lincoln Journal Star)
WASHINGTON — Applicants for home mortgages were turned down for loans at a slightly higher rate in 2006 than the previous year and significant disparities continued to exist between white applicants and minority applicants, the government reported Wednesday.
2007-09-15 11:34:36 -
Government shouldn’t just jump into fixing mortgage mess (The Edmond Sun)
EDMOND — These days it is tough to watch the news or read a newspaper and not see some reference to the mortgage mess. There is a steady drumbeat of stories about homeowners defaulting on their mortgages, mortgage companies are laying off workers and how government should intervene.
2007-09-15 09:36:18 -
Prepaying mortgage usually smart (Baltimore Sun)
Much attention is being paid to homeowners who can't afford their mortgage payment. But what if your bill is manageable? Or your interest rate hasn't moved upward yet?
2007-09-16 12:54:50 -
Mortgage ads under FTC scrutiny (Pittsburgh Post-Gazette)
The Federal Trade Commission has issued a warning about "potentially deceptive" advertisements for low-cost mortgages, saying consumers could be duped and mortgage companies might be breaking the ...
2007-09-15 09:37:02