Mortgage and Financial News From 2008-2-12 Page 27

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• Administration proposes housing plan

  CNBC - 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 02:31:00

• White House Unveils Home Mortgage Plan

  NPR News - NPR.org , February 12, 2008 · White House Officials unveiled a plan on Tuesday aimed at helping at-risk borrowers avoid mortgage foreclosure. The initiative, dubbed Project Lifeline, was announced by Housing and Urban Development Secretary Alphonso ...
  2008-02-12 11:03:00

• Thousands Of Homeowners Fight To Avoid Foreclosure - WDIV

  Thousands Of Homeowners Fight To Avoid ForeclosureWDIV, MI - 1 hour agoMany of the homeowners interviewed by Local 4 News said they have made good faith efforts to pay their mortgage, but feel they are getting little help. ...
  2008-02-12 04:40:58

• Warren Buffett rides to rescue of $800bn under threat on bond ... - Times Online

  Warren Buffett rides to rescue of $800bn under threat on bond ...Times Online, UK - 1 hour agoJPMorgan has estimated that the handful of biggest bond insurers face an eventual collective loss of about $41 billion should mortgage defaults continue to ...
  2008-02-12 04:43:15

• Lenders Sign-on for Plan to Help Prevent Home Foreclosures - PBS

  Lenders Sign-on for Plan to Help Prevent Home ForeclosuresPBS - 1 hour agoAnd there are others, Ray, that just don't want to continue to own a home and accept their mortgage obligation. RAY SUAREZ: In the fourth quarter of last ...
  2008-02-12 04:44:29

• "Project Lifeline" and its effect on Texoma's housing market - KXII-TV

  "Project Lifeline" and its effect on Texoma's housing marketKXII-TV, TX - 57 minutes agoRoutt bought her home a few months ago and says she decided to go with a conventional mortgage and not an interest only or arm loan. ...
  2008-02-12 04:47:44

• Asians should not have to be reborn to get rich - Bangkok Post

  Asians should not have to be reborn to get richBangkok Post, Thailand - 38 minutes agoIt isn't just the seriousness of the sub-prime mortgage crisis that's unsettling. What's also disturbing, from an Asian perspective, is the scale of the ...
  2008-02-12 05:06:22

• Affiliated Computer Services CEO At Home With Homeless - CNNMoney.com

  Affiliated Computer Services CEO At Home With HomelessCNNMoney.com - 33 minutes agoCerberus later withdrew its offer when the subprime mortgage crisis resulted in a growing credit crunch. Throughout the ordeal, Blodgett had a lot of work ...
  2008-02-12 05:11:33

• Banks to pause delinquent mortgage foreclosures - Reuters

  Banks to pause delinquent mortgage foreclosuresReuters - 32 minutes ago... including home equity loans and second liens, unlike an earlier plan aimed at freezing interest rates for subprime mortgage holders who cannot afford ...
  2008-02-12 05:12:26

• Squatters rights for mortgagee who didn't pay - Telegraph.co.uk

  Squatters rights for mortgagee who didn't payTelegraph.co.uk, United Kingdom - 31 minutes agoMr Babai took out a second mortgage with NatWest on his £200000 home in Heaton Mersey, Stockport, in 1989, but started to run into financial difficulties. ...
  2008-02-12 05:13:21

• Commonwealth's Profit Growth Is Slowest in 3 Years (Update1) - Bloomberg

  Commonwealth's Profit Growth Is Slowest in 3 Years (Update1)Bloomberg - 29 minutes agoStill, the bank increased its share of the Australian home loans market to 18.8 percent from 18.4 a year ago as smaller mortgage companies without deposits ...
  2008-02-12 05:14:57

• CNBC Interview on the Plan for a 30 Day Foreclosure Freeze - RGE Monitor

  CNBC Interview on the Plan for a 30 Day Foreclosure FreezeRGE Monitor, NY - 27 minutes agoMortgage contracts give an option to homeowners to walk out of their mortgages when the value of the home is below the mortgage. Thus, unless home owner ...
  2008-02-12 05:17:50

• Buffett boosts global stock markets - NEWS.com.au

  Buffett boosts global stock marketsNEWS.com.au, Australia - 20 minutes ago... citing the insurance firm's exposure to ailing US subprime mortgage investments. Subprime home loans were granted to Americans with poor credit before ...
  2008-02-12 05:24:45

• 'Project Lifeline' offers mortgage help - abc7.com

  'Project Lifeline' offers mortgage helpabc7.com, CA - 18 minutes agoNearly 50 percent of all home sales in California involve foreclosed homes. But Tuesday, the Bush administration announced that help is just around the ...
  2008-02-12 05:26:07

• Wedging yourself beautifully, Rudd-style - Hills News

  Wedging yourself beautifully, Rudd-styleHills News, Australia - 11 minutes agoThe Labor PM will only have himself to blame if the mortgage stress of home owners, caught up in the continual interest rates increases, forces those ...
  2008-02-12 05:33:38

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