Mortgage and Financial News From 2008-1-13 Page 51

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  • Crisis hits home - Port Huron Times Herald

    Crisis hits homePort Huron Times Herald, MI - 20 minutes agoIt is the sheriff department that conducts public auctions of foreclosed properties, and the deed is the authorization from the mortgage company to conduct ...
    2008-01-13 03:40:12
  • States Probe Banks' Role in Risky Loans - Tuscaloosa News (subscription)

    States Probe Banks' Role in Risky LoansTuscaloosa News (subscription), AL - 1 minute agoThe loans were sold by subprime lenders to Wall Street firms that bundled them with other, less risky, loans into securities. Investigators want to find out ...
    2008-01-13 03:59:12
  • Bank of America gets bargain in Countrywide deal (Portsmouth Herald)

    SAN FRANCISCO — Bank of America Chief Executive Ken Lewis has always wanted a bigger mortgage business, but often complained that companies in the home-loan industry were too pricey. Now he says he's got his bargain, and several analysts agreed...
    2008-01-13 03:13:04
  • Area mortgage industry battered again in 2007 (The Toledo Blade)

    DAMAGED by a housing market that has been unable to regain momentum, the mortgage industry in the Toledo region took another big hit in 2007.
    2008-01-13 03:34:31
  • Homeowners should get help if house is threatened (Times Herald)

    Perhaps the first thing new homebuyers should know when they sign a mortgage is that their annual expenses, including taxes and insurance, should not exceed 36% of their household income, according to several lending institutions.
    2008-01-13 03:46:08
  • Expect to see more bank industry consolidation (The Santa Rosa Press Democrat)

    NEW YORK -- The bank branch on the corner might be changing names -- again. Get set for the next wave of consolidation that could sweep through the nation's banking industry this year.
    2008-01-13 03:48:36
  • Market slow in '07

    Record Searchlight - ... very large number, that they can now solicit into other accounts such as savings, checking accounts, credit cards, CD's ... I think everyone, and I mean EVERYONE was gambling on low interest rates. Done with that subject. On the sad side, I came to redding ...
    2008-01-10 03:53:00
  • Vectra Bank Small Business Index rises on weak jobs data

    Denver Business Journal - The Fed will undoubtedly be easing interest rates further in coming months to ward off a potential recession." The Colorado unemployment rate -- the most heavily weighted component of the Vectra Bank index -- was 4.1 percent in November, up sharply ...
    2008-01-09 03:54:00
  • EMI needs love: does it need Hands?

    Guardian Unlimited - Digital sales are rising, although not fast enough to offset the loss of income from the global slump in CD sales. And ... will mean recessions are inevitable, but will probably be delayed until after the US elections by the lowering of interest rates.
    2008-01-12 03:51:00
  • As Fed cuts interest rates, CDs fall like a 'feather'

    Orlando Sentinel - The decline isn't unexpected, however, in the aftermath of a series of interest-rate cuts by the Federal Reserve late last year. Still, CD rates aren't dropping as quickly as the Fed has trimmed rates. In three rate cuts since September, the Fed has ...
    2008-01-13 12:55:00
  • US recession will dominate White House race

    Daily Telegraph - In other words, interest rates are likely to fall further from 4.25 per cent at the end of this month - by at least a quarter point, and maybe even a half. Since September, the Fed has already cut base rates by an entire percentage ...
    2008-01-12 09:41:00
  • Social networking comes to financial world - ReporterHerald.com

    Social networking comes to financial worldReporterHerald.com, CO - 15 hours agoThe average yield for a CD for one year is 3.41 percent, according to Bankrate.com. The lower interest rate an investor chooses, the more money is reduced ...
    2008-01-12 12:01:25
  • EMI needs love: does it need Hands? - Guardian Unlimited

    EMI needs love: does it need Hands?Guardian Unlimited, UK - 4 hours ago... consumer expenditure will mean recessions are inevitable, but will probably be delayed until after the US elections by the lowering of interest rates. ...
    2008-01-12 10:51:58
  • Risk-tolerance levels vary from investor to investor - Orlando Sentinel

    Risk-tolerance levels vary from investor to investorOrlando Sentinel, FL - 2 hours agoI have what can be classified as a small "portfolio" -- 401(k), Roth IRA, Rollover IRA, CD and a savings account. I'm sure there are a lot of people out ...
    2008-01-13 01:11:13
  • As Fed cuts interest rates, CDs fall like a 'feather' - Orlando Sentinel

    As Fed cuts interest rates, CDs fall like a 'feather'Orlando Sentinel, FL - 2 hours agoThe decline isn't unexpected, however, in the aftermath of a series of interest-rate cuts by the Federal Reserve late last year. Still, CD rates aren't ...
    2008-01-13 01:11:19