Mortgage and Financial News From 2008-2-12 Page 26

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  • Thousands greet Stolen Generations apology (Australian Broadcasting Corporation)

    Thousands of people are celebrating outside Parliament House in Canberra in the wake of Kevin Rudd's apology to the Stolen Generations.
    2008-02-12 05:13:00

  • State Bank Corp. Reports Results for the Fourth Quarter and Full Year 2007 (PrimeNewswire via Yahoo! Finance)

    LAKE HAVASU CITY, Ariz., Feb. 12, 2008 -- State Bank Corp. , the holding company for Mohave State Bank, announced 2007 fiscal year net income of $5.52 million, a decline of 2.3% from the $5.65 million reported for fiscal year 2006.
    2008-02-12 05:47:57

  • Builders halt campaign gifts over housing response

    Boston Globe - With fallout from a crisis in the subprime mortgage market spreading, the U.S. median home price fell last year for the first time since the Great Depression of the 1930s, while home sales volumes have plunged, hitting builders hard. Almost $1.4 ...
    2008-02-12 03:00:00

  • How To Recession-Proof Your Job

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... That's likely a result of the fallout from the subprime mortgage crisis--and there's probably more to come. Don't wait for the ...
    2008-02-12 02:45:00

  • US builders halt campaign gifts on subprime worry

    Forbes - WASHINGTON (Reuters) - A U.S. home builders' group Tuesday halted donations to federal congressional campaigns over concern that Congress and the Bush administration have not done enough to respond to the subprime mortgage crisis. The National ...
    2008-02-12 02:24:00

  • Lenders unveil effort to reach homeowners facing foreclosure

    MSN MoneyCentral - Based on deposits, Bank of America is the second-largest bank in the D.C. region, according to Washington Business Journal research. It is also the second-larger home mortgage lender, based on local loan volume. Countrywide, meanwhile, is the largest ...
    2008-02-12 11:10:00

  • 3 On Your Side: Mortgage Mess Rescue

    CBS 3 Philadelphia - Housing and Urban Development Secretary Alphonso Jackson says "this program is not only available for sub prime borrowers but people with any kind of home mortgage." Project Lifeline will allow for seriously overdue homeowners to suspend ...
    2008-02-12 12:29:00

  • Mortgage Options For People With Poor Credit

    Best Syndication - People with poor credit do not have to resign to a life of ever-increasing debt and dwindling funds. Obtaining a loan, especially by way of a home mortgage, is an option for escaping debt for those with bad or no credit. A person with poor credit ...
    2008-02-12 01:34:00

  • Lenders offer broader mortgage plan to borrowers of all loans

    WABC - The Mortgage Bankers Association reported that at least 1.3 million home mortgage loans were either seriously delinquent or in foreclosure at the end of the July-September quarter. Private economists are forecasting that the number of foreclosures ...
    2008-02-12 12:58:00

  • Groups try school to stem foreclosures in U.S.

    Reuters - CHICAGO (Reuters) - For hundreds of thousands of Americans facing spiraling mortgage costs, the last hope of keeping their home may lie in a classroom in a back office of a local nonprofit group. It was standing room only at one such class in Chicago ...
    2008-02-12 03:57:00

  • Detroit among markets facing stricter mortgage insurer rules

    Detroit Free Press - Home buyers typically must get mortgage insurance when they put down less than 20% of their home’s value. When borrowers miss payments, as more have been doing, the insurers pay lenders. If homes end up in foreclosure, both lenders and insurers ...
    2008-02-12 12:58:00

  • MoneyGram enters into bailout led by investment group Thomas H. Lee

    CNBC - MoneyGram has been battered by the home mortgage crisis because it held a lot of securities backed by subprime mortgages. The company says that through Monday, it has sold about $1.8 billion of its portfolio securities at a loss of $380 million ...
    2008-02-12 01:55:00

  • Is a reverse mortgage right for you?

    MSNBC - With any mortgage you'll be pitched a home warranty, home repair services, maybe health insurance or financial accounts. Some are quite legitimate and others are not." As a consumer, it can be hard to make the distinction, which is why a third party ...
    2008-02-12 03:57:00

  • US banks to halt mortgage foreclosures

    News.com.au - Wall Street firms have lost billions of dollars on bad mortgage investments and policy-makers fret that home loans with a built-in spike interest rates will fail and result in pushing the national economy into a recession. The plan is being ...
    2008-02-12 04:04:00

  • Mortgage defaulter keeps home

    Guardian Unlimited - A man who made no mortgage payments for 15 years has had the debt cancelled and been allowed to keep his home in an appeal court ruling that could encourage mortgage lenders to pursue defaulters more aggressively. Djabar Babai, of Heaton Mersey ...
    2008-02-12 03:28:00

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