Mortgage and Financial News From 2008-1-17

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  • Housing starts fall 24 percent (Sun-Sentinel)

    The prolonged slump in housing pushed construction of new homes in 2007 down by the largest amount in 27 years with the expectation that the downturn has further to go.
    2008-01-17 06:01:32
  • Wealthy may be next in line in home crisis

    Reuters - ... little downtown area and large, expensive houses -- according to the Headrick-Wagner Consulting Group, the average home ... Now the value of their homes is falling and they can't refinance." "Some just stop paying and walk away," he added. SHORT SALE ...
    2008-01-17 11:48:00
  • Valley home sales, prices continued drop to close 2007

    Modesto Bee - By most estimates, the valley leads the nation in foreclosures, a trend exacerbated by falling home prices that make it more difficult for owners who owe more than the home is worth to refinance or sell. Because banks that repossess homes often sell ...
    2008-01-17 01:14:00
  • Community Bank System Reports Higher Fourth Quarter and Full-Year ...

    Forbes - The 2007 results include a $9.9 million pretax charge ($0.20 per share) related to the early redemption of $25 million of variable-rate, trust preferred obligations, as well as the refinance of $150 million of Federal Home Loan Bank advances into ...
    2008-01-17 03:02:00
  • Funding hope lifts Centro

    News.com.au - CENTRO Properties Group securities gained ground yesterday for the first time in almost two weeks. Centro (cnp.ASX: ... 1. Market ripples will keep on coming 2. Stocks close lower for ninth day 3. Nervous families refinance home loans 4. US shares fall to ...
    2008-01-17 12:24:00
  • Federal Housing Finance Board Approves Affordable Housing Program ... - HULIQ

    Federal Housing Finance Board Approves Affordable Housing Program ...HULIQ, NC - 5 hours ago... Board should amend its rules to permit the Federal Home Loan Banks to use the AHP subsidy to refinance or restructure certain mortgage loans and, if so, ...
    2008-01-17 11:57:03
  • Latest Cobo expansion plans don't involve tearing down the Joe - MLive.com

    Latest Cobo expansion plans don't involve tearing down the JoeMLive.com, MI - 5 hours agoJennifer Granholm to refinance and restructure city and county debt, freeing up about $150 million for the project. Gov. Jennifer Granholm, who attended the ...
    2008-01-17 12:28:55
  • Hicks could sell Liverpool stake - RTE.ie

    Hicks could sell Liverpool stakeRTE.ie, Ireland - 5 hours agoHicks and Gillett have to reach an agreement with the Royal Bank of Scotland within six weeks to refinance the loan they took out to buy the club in the ...
    2008-01-17 12:38:42
  • Add Volume To Your Savings With Refinancing Car Loans - American Chronicle

    Add Volume To Your Savings With Refinancing Car LoansAmerican Chronicle, CA - 4 hours agoThen, discuss these details with the dealer and you can bring home the most comfortable and convenient refinance deal. If done judiciously, then refinancing ...
    2008-01-17 12:50:02
  • Foreclosures continue to climb in Livingston - MLive.com

    Foreclosures continue to climb in LivingstonMLive.com, MI - 4 hours agoFor homeowners who have used a lot of their equity, stagnant housing prices have made it hard to sell or refinance into fixed-rate mortgages. ...
    2008-01-17 01:14:40
  • Independent Bank Corp. Reports 4th Quarter 2007 Earnings - CNNMoney.com

    Independent Bank Corp. Reports 4th Quarter 2007 EarningsCNNMoney.com - 4 hours agoIn April 2007, the Company wrote-off approximately $907000 of unamortized issuance costs related to a refinance of $25.0 million of Trust Preferred ...
    2008-01-17 01:18:00
  • Report: More foreclosures than workouts - BusinessWeek

    Report: More foreclosures than workoutsBusinessWeek - 3 hours ago... number of borrowers receiving help to the total number of outstanding subprime loans, many of which are refinanced before they reset at higher rates. ...
    2008-01-17 02:19:29
  • WaMu Sees Higher Credit-Card Losses,Pressured By Unemployment - CNNMoney.com

    WaMu Sees Higher Credit-Card Losses,Pressured By UnemploymentCNNMoney.com - 2 hours agoThe comments provide further evidence of the stress on US consumers as home prices fall and opportunities to refinance debts dry up. ...
    2008-01-17 03:08:20
  • With lower rates, consumers seek mortgage deals - Bloomington Pantagraph

    With lower rates, consumers seek mortgage dealsBloomington Pantagraph,  USA - 1 hour ago... and some fearing a future recession, homeowners and potential buyers are faced with the decision of whether — and when — to refinance or buy a new home. ...
    2008-01-17 03:50:33
  • Better to pay mortgage on rental property or switch it to personal ... - MarketWatch

    Better to pay mortgage on rental property or switch it to personal ...MarketWatch - 1 hour agoCoverage of home buying and selling, housing prices, mortgage information and home improvement. If you decide to refinance your residence in order to pay ...
    2008-01-17 04:29:00