Mortgage and Financial News From 2008-2-7 Page 3

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  • New Tax Legislation - Inc.com

    New Tax LegislationInc.com, NY - 1 hour ago... tax help for homeowner who refinance their loans and obtain debt relief in the process. It exempts from income the debt relief on qualified home loans. ...
    2008-02-07 09:16:02

  • Congress Sends $152 Billion US Economic Stimulus Bill to Bush - Bloomberg

    Congress Sends $152 Billion US Economic Stimulus Bill to BushBloomberg - 1 hour agoThe move may help struggling homeowners refinance large mortgages at a lower interest rate. It will also allow the Federal Housing Administration to insure ...
    2008-02-07 09:25:23

  • Australian Stocks Rise, Led by Wesfarmers, Banks; AED Slides - Bloomberg

    Australian Stocks Rise, Led by Wesfarmers, Banks; AED SlidesBloomberg - 1 hour agoNational Australia also bought A$1 billion ($895 million) of mortgages from RHG Ltd., formerly Rams Home Loans Group Ltd., helping to free the Sydney-based ...
    2008-02-07 09:54:31

  • Rush to refinance as rate rises hit - Batemans Bay Post Star

    Rush to refinance as rate rises hitBatemans Bay Post Star, Australia - 1 hour agoBy SUSAN SMITH THE rise in official interest rates this week has sparked a rush of people looking to refinance their home loans. The Reserve Bank increased ...
    2008-02-07 09:55:07

  • Bank foreclosure could jeopardize home development - In-Forum (subscription)

    Bank foreclosure could jeopardize home developmentIn-Forum (subscription), ND - 51 minutes agoErickson said about $3 million will be needed to refinance the loan and redeem the property. Minnesota state law allows a one-year redemption period in ...
    2008-02-07 10:24:25

  • Stocks higher after buying on Wall St - Sydney Morning Herald

    Stocks higher after buying on Wall StSydney Morning Herald, Australia - 35 minutes ago... formerly known as RAMS Home loan Group, soared almost 24 per cent, adding 5.5 cents to 28.5 cents. RHG Ltd confirmed it has refinanced $5.25 billion in ...
    2008-02-07 10:40:34

  • Stimulus Plan Helps Some Homeowners - The Associated Press

    Stimulus Plan Helps Some HomeownersThe Associated Press - 4 minutes ago... President Bush's signature are likely to be Americans with more expensive homes who will be able to refinance their home loans at cheaper rates. ...
    2008-02-07 11:10:50

  • Keep some — not all — real estate papers (Lawrence Journal-World)

    Many homeowners keep lots of billing statements and receipts, leading to overwhelming clutter. Some of the paperwork can be thrown out now, but others should be kept for several years or indefinitely.
    2008-02-07 10:14:41

  • Bank foreclosure could jeopardize home development (Fargo Forum)

    A controversial housing project planned near Dead Lake in rural Otter Tail County, Minn., could be jeopardized if its developer does not resolve its financial troubles by next year.
    2008-02-07 10:29:00

  • Congress Votes for a Stimulus of $168 Billion (NYTimes.com via Yahoo! Finance)

    The rescue package includes rebates for taxpayers and tax breaks for businesses that lawmakers and President Bush hope will set off a rush of springtime spending.
    2008-02-07 10:40:05

  • Middle- to upper-income homeowners likely to benefit from stimulus package (Sioux City Journal)

    WASHINGTON (AP) -- The biggest winners in an economic rescue plan passed by the Senate on Thursday are likely to be middle- to upper-income Americans who will be able to refinance their home loans at cheaper rates.
    2008-02-07 10:58:54

  • Stimulus Plan Helps Some Homeowners (Greenwich Time)

    WASHINGTON -- The biggest winners in the economic rescue plan now awaiting President Bush's signature are likely to be Americans with more expensive homes who will be able to refinance their home loans at cheaper rates.
    2008-02-07 11:14:17

  • Ackman Urges Bernanke to End Bond Insurer Bailout (Update3)

    Bloomberg - A rescue will only ``prolong the term and severity of the recent credit contraction ... insurers, which he says don't deserve their AAA ratings after guaranteeing mortgage ... It is bad practice to rely on the judgment of those whose misjudgments have ...
    2008-02-07 01:25:00

  • Why a crisis is an opportunity

    Financial Times - So how bad might the next year or two be for the UK economy? Quite bad is my ... raise saving and slow spending: “More expensive and less readily available credit ... has called for the government to lend directly to banks, to prevent the mortgage ...
    2008-02-07 11:52:00

  • Who will pay the mortgage when the homeowner walks? You

    San Francisco Gate - It's not that the California statute is bad alone; it's that it's wrong for federal taxes to guarantee huge loans ... Schwarzenegger wrote last Monday, "Unfortunately, the California families most hurt (by inability to get affordable mortgage credit ...
    2008-02-06 03:57:00

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