Mortgage and Financial News From 2007-10-17 Page 27
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Economy is at risk, Treasury chief says (The Charlotte Observer)
After months of downplaying the nation's mortgage mess, Treasury Secretary Henry Paulson conceded Tuesday it represents "the most significant current risk to our economy." He called for Congress and private mortgage companies to move more quickly to help. But Democratic lawmakers said it was the Bush administration that is moving too slowly. They said the latest proposals from Paulson fall far ...
2007-10-17 02:51:39 -
Costello stumped on Labor 'mortgage costs' (Daily Telegraph)
FEDERAL Treasurer Peter Costello was lost for words today when asked to explain why interest rates will go up sharply under a Labor government.
2007-10-16 11:17:00 -
Costello stumped by mortgage claim (Tenterfield Star)
Federal Treasurer Peter Costello was lost for words when asked to explain why interest rates will go up sharply under a Labor government. The Liberal website says that under a Labor government people can expect to pay $3,276 per year extra on their mortgage, but Mr Costello doesn't know why.
2007-10-17 02:44:34 -
Democrats rap Paulson on housing
Boston Globe - ... at Georgetown University, Paulson said the financial industry should provide immediate help for homeowners trying to refinance ... when Paulson said he believed the mortgage problems would sort themselves out, there have been an additional 400,000 home ...
2007-10-17 01:59:00 -
MBA Sees Mortgage Originations at 8-Year Low in 2008
CNBC - ... originations will fall next year to the lowest levels since 2000, forcing job losses for at least 30,000 more home finance ... Total mortgage originations will likely decline 18 percent to $1.89 trillion, the lowest volume of purchase and refinance loans ...
2007-10-17 02:27:00 -
Home sales hit 16-year low
Press Democrat - He called for immediate measures to help hard-pressed homeowners refinance into more affordable mortgages. In Sonoma County, home sales plunged 40.8 percent in September, compared to a year ago. Buyers purchased 218 homes last month - about half the ...
2007-10-16 11:28:00 -
Mortgage Originations Expected to Plunge
Newsday - ... percent rise in mortgages for people buying homes in 2009 partially offsets an expected 18 percent drop-off that year in mortgages for homeowners who refinance. The 2009 increase in originations is based on the MBA's expectations that home sales ...
2007-10-17 12:26:00 -
Police: Man Breaks Into Home, Makes Breakfast (WPTZ Plattsburgh)
Rutland police said a man made himself breakfast after breaking into an elderly woman's home.
2007-10-16 09:57:51 -
(AFX UK Focus) 2007-10-17 00:46 GMT: Australia's Westpac to acquire Rams Home Loan's distribution business (Interactive Investor)
SYDNEY (Thomson Financial) - Australia's fourth-largest bank, Westpac Banking Corp Ltd, said Wednesday it will proceed with the 140 million Australian dollar acquisition of troubled home lender Rams Home Loan Group Ltd's franchise distribution business after completing due diligence.
2007-10-16 04:53:29 -
Truck Crashes Into Home, Forces Out Pregnant Resident (WFTV 9 Orlando)
EATONVILLE, Fla. -- A pregnant woman was out of her home Tuesday after a truck slammed into her Eatonville house. Police said around 12:30pm the driver of a white truck had a seizure, snapped a utility pole on West Street and crashed into the home.
2007-10-16 02:14:02 -
Former Nursing Home Worker Appears In Court (WLWT-TV Cincinnati)
A former nursing home janitor appears in court to face sex abuse charges.
2007-10-16 02:54:06 -
Police: Large Pot Operation Found In Home (KMBC-TV Kansas City)
Police said they found a large marijuana grow operation in the basement of an Independence home Tuesday afternoon.
2007-10-16 03:44:04 -
Police Find Las Cruces Home Covered In Cockroaches (KFOX 14 El Paso)
Police arrested a 29-year-old woman after they say they found cockroaches infested in the home. Vanessa Reyes Reports: Roach Infested House
2007-10-16 08:55:53 -
Man Fatally Shot During Stripper's Home Visit (Local 6 Orlando)
A man is killed at an Orange County home Tuesday night, according to police.
2007-10-16 08:14:43 -
Bank earnings falter in 3Q
Baltimore Sun - ... banks also have indicated their fortunes dimmed during the summer amid a credit ... consumer and business lending while limiting its exposure to the more exotic mortgage ... The Minneapolis-based bank said its provision for bad loans soared 50 percent to ...
2007-10-17 12:11:00