Mortgage and Financial News From 2008-3-26 Page 5
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Canadian households dodge U.S.-style credit woes (The Globe and Mail)
Canadians have so far dodged the severe credit woes gripping the U.S., where the collapse of the mortgage market has triggered rising delinquency and foreclosure rates and left households saddled with debt, says a report from CIBC World Markets.
2008-03-26 09:46:26 -
Conforming loan limits for Fannie Mae, Freddie Mac to be at least $417K in 2009 (East Bay Business Times)
The Office of Federal Housing Enterprise Oversight, which oversees Fannie Mae and Freddie Mac, says conforming loan limits for the two mortgage companies will not fall below the current $417,000 next year, despite falling home prices. (FNM) (FRE)
2008-03-26 10:02:49 -
Canadian households dodge U.S.-style credit woes (The Globe and Mail)
Mortgage market in this country remains healthy though some slowing is expected, CIBC report says
2008-03-26 10:05:35 -
Switch home loans, feel a $9000 sting (News Interactive)
HOMEBUYERS who switch banks to dodge interest rates are being hit with early exit fees of almost $9000 on their mortgages.
2008-03-26 08:39:16 -
Building societies restrict lending (Channel 4)
A number of building societies have been forced to restrict their lending after being inundated with business as a result of the credit crunch.
2008-03-26 08:43:25 -
Paulson Calls For Broad Look At Financial Rules (NBC 5 Chicago)
The troubles that brought down Wall Street's once mighty Bear Stearns underscore the government's need to develop a clearer and more encompassing set of rules to oversee the country's major financial players, Treasury Secretary Henry Paulson said Wednesday.
2008-03-26 08:45:43 -
Paulson Reviewing Financial Regulation (IWon - Money)
WASHINGTON (AP) — The crash of Wall Street's once mighty Bear Stearns underscores the need to bring investment houses under the kind of federal oversight that has long been given to commercial banks, Treasury Secretary Henry Paulson said Wednesday.
2008-03-26 08:47:02 -
Clear Channel Deal Fading (Forbes)
The media company's would-be buyers are having trouble getting the money.
2008-03-26 08:49:34 -
Refinance Your Auto Loan and Ease a Tight Budget (Richfield Reaper)
(ARA) - Living from paycheck to paycheck can be very stressful when unexpected emergency situations happen. You have to squeeze some extra money out of your budget, but where is it going to come from?
2008-03-26 08:50:38 -
Supreme ‘savings account’ (mymoney.iafrica.com)
Soaring debt and the increasing likelihood of more interest rate hikes are making an economic meltdown seem imminent. Avoid the pain — pump as much of your disposable income into your mortgage.
2008-03-26 02:02:56 -
McCain Rejects A Quick Fix For Mortgage Crisis (New London Day)
Santa Ana, Calif. — Drawing a sharp distinction between himself and the two Democratic presidential candidates, Sen. John McCain of Arizona warned Tuesday against vigorous
2008-03-26 03:26:22 -
Crunch time: Surviving the credit crisis (Belfast Telegraph)
The credit crisis is hitting everyone from first-time buyers to buy-to-let investors – but do you understand exactly how it's affecting you? Helen Monks provides answers to the big questions we are all asking
2008-03-26 04:22:27 -
U.S. MBA's Mortgage Applications Index Jumped 48% Last Week (Bloomberg.com)
March 26 (Bloomberg) -- The number of mortgage applications filed in the U.S. jumped last week as a drop in borrowing costs caused refinancing to almost double.
2008-03-26 04:25:14 -
More News (Gazette.Net)
With its emphasis on commercial clients and attracting dissatisfied customers from out-of-state banks, HarVest Bank of Maryland is not as dependent as others on national economic cycles, said Jack Hollerbach, president and CEO of the Rockville institution.
2008-03-26 04:25:54 -
Mortgage applications spike after Fed action (Reuters via Yahoo! News)
U.S. mortgage applications jumped by nearly 50 percent last week as home loan rates fell after the Federal Reserve cut interest rates and took steps to restore bond market confidence, an industry trade group said on Wednesday.
2008-03-26 04:35:20