Mortgage and Financial News From 2008-5-4 Page 8
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SEARCHABLE DATABASE (The Frederick News-Post)
The effect of the foreclosure crisis will hit hardest at local budgets, according to the state's chief tax official. And recent emergency legislation passed by the Maryland General Assembly, will have little effect on Maryland's tide of foreclosures.
2008-05-03 11:06:24 -
Agent commissions are negotiable (San Francisco Chronicle)
Q: I had my home priced under market and recently canceled the listing so I could sell it myself and lower the price even more. Why? Well, I have a beautiful, wonderfully priced home and did not get any offers. In this period of downturn in the real estate...
2008-05-04 12:21:19 -
Business did well during session (Miami Herald)
Despite agonizing budget cuts that dominated debate during this year's legislative session, the business community said it fared relatively well, defeating a corporate-tax hike proposal, several insurance mandates and an arbitration bill that would have opened the door to lawsuits.
2008-05-04 12:27:58 -
Consult attorney on possible misconduct by seller and lender (Belleville News-Democrat)
Q. I purchased a 1900s Victorian house in October 2006 from a man who had bought it earlier that same year to "flip." This owner had a business sign prominently located in the front yard, leading me and others who also watched the renovation of this house to believe this was a legitimate business venture. We closed on the house before the work was completed, and after about a month of returning ...
2008-05-04 01:09:46 -
Motion seeks to stop Blausey from bidding on homes (Newark Advocate)
NEWARK -- Prosecutors are asking a judge to stop an indicted former real estate agent from attending auctions for foreclosed homes. They cite an outstanding balance of almost $450,000 from earlier purchase agreements, according to a motion submitted Friday.
2008-05-04 04:07:10 -
Md. Comptroller: foreclosures will hit local budgets hard (WTOP Radio Network)
The effect of the foreclosure crisis will hit hardest at local budgets, according to the state's chief tax official
2008-05-04 06:51:47 -
Daily Sun captures 26 APME awards (Arizona Daily Sun)
The Arizona Daily Sun took home 26 awards from the Arizona Associated Press Managing Editors awards luncheon Saturday, including second place for General Excellence and second place for the Story of the Year in the non-metro circulation category.
2008-05-04 10:31:30 -
Tapping into equity - Santa Rosa Press Democrat
A house increasingly is more than a roof over the head for aging Sonoma County residents — it is a tool for financing retirement. A growing number of retirees are tapping equity in their homes by taking out reverse mortgages. These loans, created ...
2008-05-04 06:58:00 -
Opening Glance: Insurers - CNN Money
NEW YORK (Associated Press) - Shares of insurers mostly rise as broader markets rose due to better-than-expected unemployment data and as Triad Guaranty said it is discussing creating a new mortgage insurance business. Bond insurer Triad Guaranty Inc ...
2008-05-02 07:01:00 -
Australia Will Probably Keep Key Rate at 12-Year High of 7.25% - Bloomberg
May 5 (Bloomberg) -- Australia's central bank probably will keep interest rates unchanged for a second month to gauge whether the highest borrowing costs in 12 years are slowing the nation's economy enough to cool the fastest inflation since 1991 ...
2008-05-04 07:41:00 -
Wayne County news briefs - Detroit Free Press
In an effort to help residents concerned about losing their homes to foreclosure, U.S. Rep. John Dingell, D-Dearborn, is to join the Downriver Community Conference in hosting the Downriver Mortgage, Housing and Foreclosure Forum at 9 a.m. Saturday ...
2008-05-04 04:50:00 -
UPDATE 2-UAE's Ras al-Khaimah plans $2 bln Islamic bond sale - Reuters
MANAMA, May 4 (Reuters) - Ras al-Khaimah (RAK), part of the United Arab Emirates federation, plans to sell up to $2 billion of Islamic bonds to fund infrastructure projects, a person with direct knowledge of the issue said on Sunday. The sale is one ...
2008-05-04 07:13:00 -
A Lender Gets Caught in the Currents - New York Times
WALKING across his sun-drenched office overlooking Fifth Avenue and the New York Public Library , Jeffrey M. Peek points to a picture on his desk. It is a perfect family portrait, filled with smiling, happy faces on a mountain summit. Perfect, except ...
2008-05-04 04:57:00 -
MHESAC looks to shed high-interest debt - Independent Record
Officials with Montana Higher Education Student Assistance Corp. have taken several steps to protect the provider and servicer of student loans from financial trouble in the wake of problems in the market for its auction rate bonds, but being able to ...
2008-05-04 12:32:00 -
Slowdown augurs major trade shift - International Herald Tribune
WASHINGTON : The China export machine is showing signs of wear just as its best customers in the United States and Europe are cutting back. The result may be something economists have sought for years - increased domestic demand in China and a drop ...
2008-05-04 06:44:00