Mortgage and Financial News From 2008-1-13 Page 42

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  • Mortgage-insurance tax break in effect

    Winston-Salem Journal - Get the scoop on Trail Mix, the Journal's new political blog. Homeowners with a new mortgage that is covered by insurance can claim a tax break on the insurance this year. The break, called the qualified mortgage insurance deduction, lets taxpayers ...
    2008-01-12 11:36:00

  • UK picks new Northern Rock boss

    International Herald Tribune - The BBC said the government could decide to nationalise Northern Rock within days, a move that could heap fresh pressure on Prime Minister Gordon Brown, who has been widely criticised over the demise of one of Britain's biggest mortgage lenders and ...
    2008-01-13 03:25:00

  • How to Be Fiscally Fit in '08 - The Ledger

    How to Be Fiscally Fit in '08The Ledger, FL - 2 hours agoIf you're a new homebuyer, take note: You might qualify for a new tax deduction for your private mortgage insurance. Most homeowners who put less than 20 ...
    2008-01-13 03:04:06

  • Development soars in risky Hawaii lava zones - Honolulu Advertiser

    Development soars in risky Hawaii lava zonesHonolulu Advertiser, HI - 2 hours agoBanks and mortgage companies require insurance, so the state Legislature in 1991 created HPIA to help. The program now provides coverage to 3850 homeowners ...
    2008-01-13 03:15:15

  • STRONG ECONOMY IS NOT ENOUGH FOR THIS ELECTION - Fort Worth Star Telegram

    STRONG ECONOMY IS NOT ENOUGH FOR THIS ELECTIONFort Worth Star Telegram, TX - 2 hours agoFriedman says that up to 2 million people nationwide may lose their homes in the next two years, primarily because of the subprime-mortgage meltdown. ...
    2008-01-13 03:18:10

  • Bonnie and Clyde return to Iowa - DesMoinesRegister.com

    Bonnie and Clyde return to IowaDesMoinesRegister.com, IA - 3 hours agoThere is fault on both sides of the mortgage mess, and the solution will require efforts by both lenders and borrowers. In Iowa, that appears to be ...
    2008-01-13 02:05:49

  • Don't believe housing hype; local market is healthy, stable - The Huntsville Times - al.com

    Don't believe housing hype; local market is healthy, stableThe Huntsville Times - al.com, AL - 3 hours agoArea real estate agents, brokers and lenders gratefully agree those aren't issues for the Huntsville area because of its diverse economy, steady growth and ...
    2008-01-13 02:26:18

  • Sunday newspaper round-up: Northern Rock, Scottish & Newcastle ... - ShareCast

    Sunday newspaper round-up: Northern Rock, Scottish & Newcastle ...ShareCast, UK - 1 hour agoErinaceous, the ailing property services group, has put its insurance arm up for sale. The company, which last year saw the value of its shares crash more ...
    2008-01-13 04:35:56

  • A Most Bearish View on Bear Stearns in a Bear Market - Seeking Alpha

    A Most Bearish View on Bear Stearns in a Bear MarketSeeking Alpha, NY - 1 hour agoIt's excessive reliance on highly "modeled" and real asset/mortgage backed products in its portfolio may potentially be its undoing. ...
    2008-01-13 04:38:46

  • Sandler To Be Involved If N Rock Is Nationalized - Source - CNNMoney.com

    Sandler To Be Involved If N Rock Is Nationalized - SourceCNNMoney.com - 1 hour agoLONDON -(Dow Jones)- Ron Sandler , former head of Lloyd's insurance, will be " involved" with Northern Rock, if the troubled mortgage lender is nationalized ...
    2008-01-13 04:53:10

  • The Long Case for Redwood Trust - Seeking Alpha

    The Long Case for Redwood TrustSeeking Alpha, NY - 2 hours agoWhen lenders are fearful, and prices are attractive, they invest aggressively. When underwriting standards are lax and buyers are overpaying for loans, ...
    2008-01-13 03:27:36

  • RERA awards 1st registration licence for property exhibitions - Middle East North Africa Financial Network

    RERA awards 1st registration licence for property exhibitionsMiddle East North Africa Financial Network, Jordan - 41 minutes agoAs a first step, we highly advice all investors not to communicate or sign agreements with any developer, broker, or property insurance firms until they are ...
    2008-01-13 05:18:58

  • Plan to ease rate distress - The Age

    Plan to ease rate distressThe Age, Australia - 1 hour agoTHE Federal Government will try to reduce the impact of rising home loan interest rates by making it easier for borrowers to switch lenders. ...
    2008-01-13 04:49:05

  • Myrtle Beach condo project languishes - Charlotte Observer

    Myrtle Beach condo project languishesCharlotte Observer, NC - 39 minutes agoNational Bank of South Carolina is foreclosing on the Bahama Island land because Hix and Shoup have not made payments on a $7.7 million mortgage they ...
    2008-01-13 05:20:49

  • Shadow spreads across the US economy - The Australian

    Shadow spreads across the US economyThe Australian, Australia - 53 minutes agoThere is rising concern about the financial health of the two government-backed institutions Fannie Mae and Freddie Mac, which underwrite the mortgage ...
    2008-01-13 05:07:07

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