Mortgage and Financial News From 2008-3-10 Page 16

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• Why it's a great time to buy a car (MSN Money Canada)

  This is when your credit record matters. You have great scores? Car loans are cheap, and carmakers are eager to deal. Bad scores? You'll pay and pay.
  2008-03-08 09:06:22

• Jammer's Mortgage Maze: “Hey, What's Your Rate?” (The Chattanoogan)

  "Hey, what's your rate?" That's the first question I get when people realize I'm a mortgage loan officer. For a minute let's forget “The mortgage implosion of 2007” (I will tell you who and what caused it in an upcoming column).
  2008-03-09 12:02:38

• RE/MAX CEO blames Wall Street for mortgage crisis (9 News Denver)

  DENVER - The CEO of RE/MAX International says Wall Street is the primary culprit behind the country's mortgage crisis because "they made the money available."
  2008-03-09 01:19:32

• The Face-Slap Theory (New York Times)

  Last week, Tim Geithner, president of the Federal Reserve Bank of New York, came as close as a Fed official can to saying that we?re in the midst of a financial meltdown.
  2008-03-09 09:19:47

• Ties to indicted donor Rezko raise questions for Obama

  Houston Chronicle - This raises the question of how he was able to come up with $125,000 and a $500,000 mortgage to buy the property. He later resold the lot at a profit. Q: Did Obama get a special deal on the price of his home?
  2008-03-10 01:37:00

• Bovis warns on UK housing market, urges rate cut

  Guardian Unlimited - Home completions also declined by 6 percent, to 2,930 units, as economic uncertainties and the higher cost of borrowing hit ... low interest rates and high employment, Britain's homebuilders are now set to build fewer homes in the face of tighter mortgage ...
  2008-03-10 02:34:00

• Dollar falls back towards 8-year low vs yen

  Reuters South Africa - Investing Home ... Concerns about a U.S. recession and the subprime mortgage crisis as well as the outlook for interest rate differentials are ...
  2008-03-09 10:31:00

• Reverse mortgage shade for elderly

  Daily News and Analysis - The scheme helps senior citizens earn some additional income while staying in their own home Alok Kumar, CFP Ramesh Sangli had just started his retired life with wife Suman.
  2008-03-09 10:17:00

• Carlyle Capital still in talks with lenders

  Reuters South Africa - You are here: Home > Article ... amount they were willing to lend against the company's portfolio of U.S. government agency AAA-rated residential mortgage ...
  2008-03-10 01:37:00

• RBS, Morgan, Credit Suisse Break Ranks on Clear Channel Loan

  Bloomberg - Investor demand for riskier assets including high-yield loans used to finance buyouts began to dry up in the second half of last year as losses related to the collapse of the subprime mortgage market spread.
  2008-03-09 09:48:00

• Philadelphia's real estate market improving

  Philadelphia Inquirer - ... had no time to develop credit, so we have been living with my mother." The couple had enough for a sizable down payment on a house, so they contacted Realtor and mortgage broker Fred Glick in Center City. He had them apply for a Freddie Mac Home ...
  2008-03-10 02:20:00

• ForeclosureS.com: Today's Housing Market Primed to Buy

  Forbes - Don't fret recession talk and dismal foreclosure and mortgage delinquency numbers coming from the experts. ... Hopefully, that will change as interest rates continue dropping and home prices rebound as expected later this year, adds ...
  2008-03-10 03:03:00

• What is left that is sellable?

  Asia Times - Home mortgage debt growth slowed to a 4.5% annual pace, down from Q3’s 6.5% and Q2’s 7.9%
  2008-03-10 03:17:00

• Be smart about your biggest asset

  Detroit Free Press - And nothing feels better than owning your home outright. Besides, your mortgage is probably your largest monthly expense -- so, if you get it paid off before you retire, you will have reduced the amount of money on which you'll need to live during ...
  2008-03-10 12:04:00

• Malls, Offices May Slump Less Steeply Than Homes

  Wall Street Journal - In congressional testimony in October, Mark Zandi, chief economist of Moody's Economy.com, predicted about three million home-mortgage defaults in 2007 and 2008 and that two million of those homeowners would eventually lose their homes.
  2008-03-10 02:56:00

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