Mortgage and Financial News From 2008-6-8 Page 7
Previous Day: 2008-06-07
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Severe storms bring flooding, tornadoes to Midwest - Newsday
MARTINSVILLE, Ind. - Margaret Clemmons stood barefoot on the shoulder of a highway and stared at the floodwaters surrounding her home. "I believe it's going to call for new carpets," she said. "We're just glad nobody got hurt, really." Firefighters ...
2008-06-08 05:55:00 -
One dead after storms rip through Midwest - MSNBC
A rescue boat makes its way along a flooded Springhill Road in southern Vigo County south of Terre Haute, Ind., on Saturday afternoon. Extreme weather grips parts of U.S. June 7: Indiana counties are declared disaster areas after flooding. But ...
2008-06-08 07:29:00 -
Time is right to lock in a fixed-rate mortgage - Greenwich Time
If you have an adjustable or interest-only mortgage, now is the time to consider refinancing to a fixed-rate mortgage. Rates are low, and money is available for creditworthy borrowers in the area, said Steve Habetz, president of Threshold Mortgage Co ...
2008-06-08 03:54:00 -
Chill creeping into home-equity lines of credit - Chicago Tribune
MELVILLE, N.Y.—Homeowners have been getting their home-equity lines of credit frozen or pared down by lenders trying to cut risks. It happened to dentist Michael Sherman, who can't touch his $100,000 credit line for bathroom renovations because he ...
2008-06-08 07:00:00 -
N.J. budget talks hit home stretch - Newsday
TRENTON, N.J. - New Jersey legislators trying to keep hopes for a mid-June budget agreement alive also plan action in the coming weeks on several other key issues, including measures meant to address housing costs, school construction and economic ...
2008-06-08 07:29:00 -
From the ground up - Baltimore Sun
When Kevin and Melissa Armentrout decided to build a custom house in Perry Hall , it was all about creating a one-of-a-kind look. "When you pick everything out down to the doorknobs you have no one to blame but yourself," said Kevin Armentrout. "But ...
2008-06-08 04:58:00 -
Bank serves notice as Jim's Water Tanks man hits empty - News.com.au
THE man behind the Jim's Water Tanks debacle that has left thousands of Queenslanders waiting for rainwater tanks may lose his home and his own tank. Documents filed in the Supreme Court show the Commonwealth Bank of Australia has served Alan Bradley ...
2008-06-08 06:24:00 -
Real Estate: Neighborhood Homes Sold - San Francisco Gate
Q: I have been a renter for many years, and I have noticed a recent trend that the larger local management companies will renew a long-term tenant's lease only at the market rate rather than continuing to give them some... MONDAY First-Time Home ...
2008-06-08 07:29:00 -
UPDATE 2-Fed's Kroszner: parts of mortgage market stalled - Reuters
NEWTON, Mass, June 6 (Reuters) - Strains in financial markets have eased somewhat but the bundling of mortgages into securities by Wall Street firms is stagnant and will recover only gradually, Federal Reserve Governor Randall Kroszner said on Friday ...
2008-06-06 11:49:00 -
Why the floating building societies' shares went down - Guardian Unlimited
Just over half the 2.7 million Bradford & Bingley customers who received free shares when it demutualised in December 2000 sold immediately, pocketing a £620m windfall. The 850,000 or so small shareholders who remain on its books must wish they had ...
2008-06-08 02:28:00 -
What You Need to Know About Bankruptcy - Street.Com
Bankruptcy is an epidemic. An astounding 91,214 Americans declared bankruptcy in May, up 31% from the same month a year ago. More than 1 million Americans are expected to declare bankruptcy this year, a jump of nearly 50% from last year, according to ...
2008-06-08 03:32:00 -
Low-rate big loans miss Michigan - Detroit Free Press
But Michigan's posh ZIP codes aren't enjoying the party. They didn't even get an invite. To get a clearer picture, look at these numbers. If you're shopping for a $500,000 mortgage in suburban Detroit, in Birmingham for instance, some home buyers ...
2008-06-07 11:50:00 -
Tackle debt first; don't waste stocks on mortgage - Newsday
I'm a 54-year-old single mother. I own my home, currently worth about $500,000. My yearly income is approximately $65,000. That includes my salary (60 percent), child support (28 percent), and stock dividends (12 percent). The stocks are worth $185 ...
2008-06-07 11:58:00 -
Stocks End Mixed After Busy Day - NBC 11
Stocks ended mixed Wednesday after a busy trading session. In the morning, steep declines in new home prices and U.S. durable goods orders gave traders reasons to worry. But spirits were lifted when Federal Reserve Chairman Ben Bernanke implied more ...
2008-06-05 05:55:00 -
Fact Sheet: A Clear Agenda for Overcoming Economic Challenges - Forbes
Today, the Bureau of Labor Statistics released new jobs figures for May. Nonfarm payroll employment decreased by 49,000 jobs in May, and the unemployment rate rose to 5.5 percent. Although the unemployment rate remains below the averages for the past ...
2008-06-06 10:23:00