Mortgage and Financial News From 2008-3-30 Page 6
Previous Day: 2008-03-29
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Get A Round-Trip Investment With International REITs (Investopedia via Yahoo! Finance)
Avoid being left behind as REITs expand beyond U.S. borders.
2008-03-28 03:05:02 -
Loan officers weigh in on proposed mortgage document changes (East Valley Tribune)
For Valley loan officers like Kathy Rhubottom, an influx of calls from desperate borrowers stuck in dicey adjustable-rate mortgages has become a daily occurrence.
2008-03-29 03:33:38 -
Rich, poor avoid paying utility bills, mortgages (The Jamaica Observer)
An aversion to paying utility bills and low-cost mortgages is costing tax-payers hundreds of millions of dollars annually, information made available to the Sunday Observer has shown.
2008-03-30 02:40:54 -
An Oilman Entices, and Investors Cry Foul (NYTimes.com via Yahoo! Finance)
With oil prices topping $100 a barrel, con artists are eager to lure investors into suspect deals. State regulators say their powers to shut these schemes down are limited.
2008-03-30 02:42:09 -
The Foreclosure Machine (NYTimes.com via Yahoo! Finance)
As the number of foreclosures grows, a small army of law firms and default servicing companies, who represent mortgage lenders, have been raking in mounting profits.
2008-03-30 02:42:09 -
Habitat for Humanity to build three townhouses (The Sentinel)
Construction may be set to resume on low-income townhouses in Oliver Township next month, but it’s the families to fill those units that has Habitat for Humanity officials in Perry County concerned.
2008-03-30 02:49:16 -
PLAN'S PRETTY 'UGLY' (New York Post)
"The stimulus package is garbage." So said Keith Kantrowitz, president of Power Express Mortgage Brokers of Long Island, last week after banks started releasing details of the new mortgage terms for city property based on the recently passed...
2008-03-30 02:49:45 -
Debt time bomb over repossessions (BBC News)
As fears grow of another crash in the property market, some of those who had their homes repossessed in the last housing slump are still suffering the consequences.
2008-03-30 02:58:31 -
Bonds Safe, Up To A Point (Hartford Courant)
It's no wonder consumer confidence is so low.
2008-03-30 01:16:53 -
Summer road trip? Expect fluctuation in the price of gas (Daily Chronicle)
Writing out a summer vacation budget this year? Take some advice from oil analysts: Use a pencil.
2008-03-30 01:29:02 -
City's bond debt is acceptable, many say (Anchorage Daily News)
Anchorage's debt keeps on growing.
2008-03-30 01:30:47 -
The money still comes from where it always does – us (Toronto Star)
Milton Friedman, the late, great conservative economist, used to say there's no such thing as a free lunch. Those who promote so-called public-private partnerships, or P3s, as a panacea for cash-strapped governments, should heed that adage. If the public wants something, it will have to pay.
2008-03-30 01:31:01 -
City's bond debt is acceptable, many say (Anchorage Daily News)
In the past 10 years, the city's long-term debt from public works and school projects more than doubled from $500 million to about $1.2 billion.
2008-03-30 01:35:19 -
How to cool the rate cut's sting (Montgomery Advertiser)
Q: I am retired and these Fed rate cuts cut into the amount of income I have to buy food and pay the bills. What can I do to make ends meet while the Fed keeps trying to get people to borrow even more money?
2008-03-30 02:07:01 -
Is the economy in recession? (Coeur d'Alene Press)
Although just a whisper earlier this year, in the last month, prominent economists from former Federal Reserve Chairman Alan Greenspan to former Treasury Secretary Lawrence Summers have spoken the word out loud: recession.
2008-03-30 02:09:17