Mortgage and Financial News From 2008-2-18 Page 13

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• Putting a leash on your pet spending (MSNBC)

  If the falling stock market and rising energy costs have you doing a little belt-tightening, you’ll be glad to know that there are ways to reduce pet expenses while still giving good care.
  2008-02-18 09:39:03

• Tories call for Darling to be sacked over Labour's £100bn Northern Rock gamble (Evening Standard)

  • Jobs set to go as Brown gives new Rock boss free rein
  2008-02-18 09:58:16

• Schilling: I Had 'No Choice' But To Follow Team's Advice (WCVB Boston)

  Red Sox pitcher Curt Schilling says he's following the team's advice to work his shoulder back into shape, rather than have surgery, because he has "no choice."
  2008-02-18 09:59:56

• Aegon stumps up £5,941 after seven-year litany of errors (Daily Telegraph)

  Jessica Gorst-Williams tracks down £2,000 from an Abbey account, goes to the kerb with Tesco, notices that an Isa transfer takes four months and counting. advises a reader dealing with probate and more.
  2008-02-18 10:13:52

• Brazil's Real Closes Stronger Amid Rising Stock Markets (The Forex Market)

  RIO DE JANEIRO (Dow Jones)--Brazil's real closed stronger against the U.S. dollar Monday amid rising stock markets in Brazil and Europe. The real closed at BRL1.736 per dollar in spot contract trading on the Brazilian Mercantile and Futures Exchange, or BM&F, from BRL1.753 per dollar on Friday.
  2008-02-18 11:20:45

• Lohengrin Group Joins Broad Coalition to Sponsor 10th Annual National ...

  Forbes - ... type of financial transaction requiring an educated decision every day: shopping for a mortgage or auto loan; understanding and reconciling credit card statements and telephone bills; choosing savings and retirement plans; comparing health insurance ...
  2008-02-18 09:37:00

• Tax Breaks for Buying a Home

  Washington Post - PMI premiums. Buyers who make a down payment of less than 20% of a home's cost usually get stuck paying premiums for private mortgage insurance (PMI), an extra fee that protects the lender if the borrower fails to repay the loan. For mortgages issued ...
  2008-02-16 09:21:00

• Congress looks into reverse mortgages as abuses begin to appear

  Palm Beach Interactive - Claire McCaskill, D-Mo., introduced the Reverse Mortgage Proceeds Protection Act, which would allow the Department of Housing and Urban Development to use mortgage insurance premiums to pay for independent counseling services for people getting ...
  2008-02-18 12:41:00

• Stocks Rise in Europe, Latin America; Credit Suisse, Vale Climb

  Bloomberg - Commonwealth Bank of Australia, the country's top mortgage lender, lost 5.1 percent to A$44. Aioi Insurance Co., Japan's fourth-largest nonlife insurer, tumbled 6.8 percent to 439 yen, after the Yomiuri newspaper said it will have $740 ...
  2008-02-18 09:16:00

• EU insurers' regulator probing sector's US subprime exposure

  CNBC - LONDON (Thomson Financial) - European insurance regulators are probing insurers' exposure to the collapse of the US subprime mortgage and the potential for contagion from other sectors and regions, the Financial Times reported. Carlos Montalvo ...
  2008-02-17 11:58:00

• Those with good credit feel squeeze

  Chicago Tribune - On a related front, MGIC Investment Corp. , a provider of private mortgage insurance, says spiraling loan losses are causing it to raise its standards in 30 markets, including the Chicago area. The changes will, in effect, shut out many borrowers who ...
  2008-02-17 08:06:00

• The down-payment-poor are about to get squeezed

  Baltimore Sun - The MGIC mortgage insurance premium increases, which were scheduled for announcement the first week of December, are expected to have the heaviest impacts on borrowers making down payments of less than 3 percent and whose FICO scores are below 660 ...
  2008-02-17 10:53:00

• Rules for mortgage deductions change for 2007 tax year

  Batavia Sun - New for 2007 income tax filers, there is a deduction allowed for mortgage insurance premiums paid, otherwise known as PMI. Homeowners who cannot put at least 20 percent down on the purchase of a home usually pay this PMI as an addition to their ...
  2008-02-18 01:16:00

• TFN NEWS BRIEFING: Banking and insurance highlights to 09:15 GMT

  CNBC - 2008-02-18 08:43:13 UK's Darling says Northern Rock still open to bidders LONDON (Thomson Financial) - Troubled mortgage lender Northern Rock remains open to private bids despite its temporary nationalisation, Chancellor of the Exchequer Alistair ...
  2008-02-18 02:21:00

• CareerBank.com Strengthens Local Market Candidate Reach Through ...

  Forbes - CareerBank.com (http://www.careerbank.com) is the leading online career center for the accounting, finance, mortgage, insurance and banking community. CareerBank.com provides job posting and candidate search tools for employers. The site also ...
  2008-02-18 04:58:00

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