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Interest Only Home Mortgage Newsinterest only home mortgageNEW YORK (Associated Press) - Japan's central bank kept its already low interest rates on hold Friday but warned of a prolonged economic slump at home and abroad. The Bank of Japan last month cut its benchmark rate to 0.3 percent from 0.5 percent, so ... Read moreJapan's central bank keeps interest rates on hold - CNN MoneyThe presidential transition may be adding to the uncertainty roiling the financial markets. In fact, knowing the names on President-elect Barack Obama's economic team may prove more helpful in calming those stormy markets in the short term than ... Read moreAnalysis: Obama Treasury choice could calm markets - Associated PressAbu Dhabi Commercial Bank has reported that its mortgage volumes have halved while mortgage applications are down from 35-45 to 15 per month. The bank has also increased its mortgage rates from 7.5% to 9.5% and dropped its loan-to-value (LTV) ratio ... Read moreCredit squeeze grips Dubai real estate - AME InfoWASHINGTON -- Once again, the government has offered another plan to help troubled homeowners. Once again, critics say it doesn't go far enough. The plan announced Tuesday by federal officials and mortgage giants Fannie Mae and Freddie Mac sounds ... Read moreGovernment launches new mortgage aid effort - Chico Enterprise-RecordCENTRAL VALLEY — A third suspect accused of taking part in a mortgage scam based in a home office in Central Valley has pleaded guilty, federal prosecutors announced this week. Riccardo White, 48, pleaded guilty to fraud charges on Monday in ... Read more3rd suspect pleads guilty in mortgage scam - Times Herald-RecordIf you have significant equity in your home, absolutely. If you don't, it's getting harder to answer that question, especially when our government keeps giving people who owe more than their homes are worth so many reasons not to pay. Last week, the ... Read moreShould you keep paying your mortgage? - San Francisco GateWASHINGTON (AP) _ The government may let more borrowers qualify for a $300 billion program designed to let troubled homeowners swap risky loans for more affordable ones, a top Bush administration official said Wednesday. The program, included in a ... Read moreFeds consider changes to mortgage program - Salem NewsAs federal agencies and the mortgage industry announced new initiatives last week to speed help for struggling borrowers, three of the area’s biggest lenders say the new efforts won’t change what they do because they’ve already been proactive ... Read moreSlowly, mortgage help comes - Buffalo NewsWith no end to the foreclosure epidemic in sight, mortgage lenders have begun to do something they previously resisted: rewriting the terms of mortgage loans. The about-face is a bow to political pressure and reality: The number of foreclosed ... Read moreMore lenders offer mortgage relief programs - Minneapolis Star TribuneAnalysts tip rates to fall dramatically "3.75 per cent by March" Recession-buster rate cut INTEREST rates could be soon be halved with analysts tipping a 3.75 per cent rate by March so the Government can steer the country away from recession. If the ... Read more |
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