Mortgage and Financial News From 2008-4-12 Page 7
Previous Day: 2008-04-11
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European Bond Spread Widens on Slowdown as GE Profit Falls (Bloomberg.com)
April 12 (Bloomberg) -- The yield spread between two- and 10-year European government bonds widened to the most in three weeks after General Electric Co. reported first-quarter profit that trailed analysts' estimates.
2008-04-12 01:51:42 -
Walking away from a mortgage can cost you for years (Seattle Times)
If you walk away from your mortgage, don't expect to get a new home loan — certainly not one with favorable terms — for five to seven years.
2008-04-12 02:07:46 -
Fannie Mae to absorb 'short sales' losses (Courier-Post)
Fannie Mae will allow more struggling homeowners to sell their homes for less than they owe on their mortgages in a gambit that could hit the mortgage finance company with upfront losses but stave off massive hemorrhage from foreclosures.
2008-04-12 12:19:45 -
Jondi Gumz, Reporter at Large: What to do if you're upside down (Santa Cruz Sentinel)
My guess is the 500 homeowners in Santa Cruz County with a default notice for falling behind on their mortgage payments are the tip of the iceberg.
2008-04-12 01:44:33 -
Tax hit if you lose house (San Jose Mercury News)
Desperate to avoid foreclosure, Maria Carmona and her husband, Victor, put their San Jose home up for sale in November.
2008-04-12 02:16:11 -
Business Briefing: April 12 (The Morning Call)
NEW WACHOVIA LOAN RULES WILL RATE NEIGHBORHOODS
2008-04-12 03:34:19 -
Owners: Buena Vista to improve (The Courier News)
Changes are coming to the troubled Buena Vista Tower at 222 Locust St., according to building management. Polly Kuehl, senior vice president of Evergreen Real Estate Services in Chicago, on Friday issued a list of security and quality-of-life improvements the company plans to make at the low-income apartment building on the city's near west side.
2008-04-12 02:17:57 -
Huntley Adjusts Position On Her Own Refinancing (Queens Chronicle)
State Sen. Shirley Huntley attempted to clarify her situation last week with regard to her recent foreclosure stunt, a hot topic after a published report revealed that she has had to refinance her home several times to avoid a trap that thousands of her constituents have fallen into.
2008-04-12 03:02:27 -
Developers' woes trickle down to homeowners (Nevada Appeal)
Bobbi Hammerstaedt did all the right things when she purchased a home in the Waterford subdivision along the Carson River in Dayton last December.
2008-04-12 04:07:05 -
Elephant Loans confirms FTP buy (ShareCast)
LONDON (SHARECAST) - Loan consultant Elephant Loans & Mortgages has agreed outline terms to buy secured loan advisers Financial Trade Partnerships in what amounts to a reverse takeover deal.
2008-04-11 09:24:19 -
(AFX UK Focus) 2008-04-11 17:26 GMT: UK small caps close down; Elephant Loans suspended pending reverse takeover (Interactive Investor)
LONDON (Thomson Financial) - UK small caps closed down, its fourth day in a row finishing in the red, as the wider markets also closed in negative territory, with Elephant Loans shares suspended pending a reverse takeover.
2008-04-11 09:53:18 -
Sponsored listings for Buy to Let Mortgage: (Financial Express)
Looking for Buy to Let Mortgages Compare reverse mortgage providers online to find the best. www.best-reverse-mortgage.com
2008-04-11 04:52:18 -
G-7 Signals Concern on Dollar's Slide, Weaker Growth (Update2) (Bloomberg.com)
April 12 (Bloomberg) -- Finance chiefs from the Group of Seven nations signaled concern on the dollar's slide and said the global economic slowdown may worsen amid an ``entrenched'' credit squeeze.
2008-04-12 03:06:41 -
Truckers to protest fuel prices at Chehalis gathering (The Daily News)
Truckers from around the region are expected to converge on Chehalis today to protest skyrocketing diesel prices, which, they say, are crippling their business.
2008-04-12 12:07:30 -
Examiner.com Related Articles: (The San Francisco Examiner)
In a joint statement after talks Friday, the Group of Seven nations - the United States, Japan, Germany, Britain, France, Italy and Canada - endorsed an action plan to bolster regulation of big banks, investment houses and other financial firms that have already announced billions of dollars in losses from a credit crisis that began with rising defaults on subprime mortgages in the United ...
2008-04-12 01:17:32