Mortgage and Financial News From 2008-2-18 Page 19

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• Jumbo mortgages: The best deals

  CNN Money - You'd be best off taking out two home loans - a $417,000 30-year fixed-rate mortgage at the lower conforming rate and a home equity line of credit for the balance. Consult a mortgage broker to help you mix and match. Better yet, see whether you can ...
  2008-02-18 04:58:00

• European Stocks Rise, Led by Credit Suisse; Asian Shares Fall

  Bloomberg - Concern the subprime mortgage slump will lead to more losses sent Europe's Stoxx Banks Index down 17 percent this year. The gauge was valued at 7.5 times profit in the week ended Feb. 8, the lowest since at least 1998, data compiled by Bloomberg show ...
  2008-02-18 03:04:00

• U.K. Government Starts Northern Rock Nationalization (Update4)

  Bloomberg - Northern Rock was forced to tap the Bank of England for 55 billion pounds in loans and guarantees in September after contagion from the U.S. subprime mortgage slump led to a jump in market borrowing costs, making it impossible for the bank to fund ...
  2008-02-18 03:11:00

• Bond Insurer Split May Trigger Litigation, Bank of America Says

  Bloomberg - New York Insurance Department Superintendent Eric Dinallo and New York Governor Eliot Spitzer said last week that insurers may need to be divided if they can't raise enough capital to compensate for losses on subprime-mortgage guarantees. FGIC Corp ...
  2008-02-18 03:32:00

• Qatar Buys Credit Suisse Shares, Prime Minister Says (Update5)

  Bloomberg - Persian Gulf sovereign wealth funds, whose coffers are swelling from near-record oil prices, and counterparts in Asia have been snapping up stakes in banks battered by U.S. subprime mortgage losses. Citigroup Inc. received $14.5 billion from ...
  2008-02-18 04:30:00

• No Lull in Mortgage Advertising

  CNBC - [ BAC   Loading...       ( %)   ] says, “Homeownership is the best medicine.” Also, the National Association of Realtors is running national television ads saying there has never been a better time to buy a home. Home values nearly double ...
  2008-02-18 04:01:00

• Emirates NBD bank sees home loans jump as rates fall

  Reuters - DUBAI, Feb 18 (Reuters) - Emirates NBD ENBD.DU, the Gulf's largest bank, expects to almost double its mortgage lending this year as lower interest rates encourage home buyers. That could fuel inflation already at a 19-year high. Lenders in United ...
  2008-02-18 04:58:00

• Advantix Lending Defies Mortgage Industry Decline and Increases Home ...

  Forbes - Advantix Lending, a premier California mortgage company, today announced it has defied the challenging reversal in the mortgage market and has increases the amount of home loans it provides consumers. Joseph Sesso, President and CEO of Advantix ...
  2008-02-18 05:05:00

• Mortgagebot Defies Industry Trends with Record Sales and System Usage in 2007 (Business Wire via Yahoo! Finance)

  MEQUON, Wis.----While the subprime mortgage-market meltdown is certainly having ripple effects throughout the mortgage industry, there are still many bright spots: an outstanding example is the latest news from mortgage-technology provider Mortgagebot LLC of Mequon, Wis. , the industry leader in consumer-direct online and enterprise-wide point-of-sale mortgage-origination solutions.
  2008-02-18 06:00:00

• The Public Record (The Lexington Dispatch)

  The Davidson County Register of Deeds office recorded the following realty transfers (tax stamp value represents $2 per $1,000 of property value; transfers without tax stamp values represent transfers that do not involve money) for the week ending Jan. 18:
  2008-02-18 06:00:50

• NCAA Game Summary - Ohio State At Michigan (News Channel 5 Cleveland)

  Ohio State 70 Michigan 80
  2008-02-18 06:01:26

• Men Win 10th Straight; Defeat UIC 52-51 (WHIO-TV 7 Dayton)

  Wright State won its 10th straight game and fifth by one point this season Saturday night as Cooper Land hit two foul shots with 6.9 seconds remaining to give the Raiders a 52-51 Horizon League win over UIC at the Nutter Center.
  2008-02-18 06:02:17

• European Stocks Rise, Led by Credit Suisse; Asian Shares Fall (Bloomberg.com)

  Feb. 18 (Bloomberg) -- European stocks advanced, led by banks and automakers, on optimism that this year's 12 percent decline in the region's benchmark index was too steep given the outlook for sales.
  2008-02-18 06:02:25

• Refinancing? Don't play games (Chicago Sun-Times)

  Don't speculate on interest rates with your mortgage. Even as the Federal Reserve Board made its latest and well anticipated cut in short-term interest rates, mortgage rates started to climb higher last week.
  2008-02-18 06:03:41

• Driver Killed In Independence Wreck (KCTV 5 Kansas City)

  Sunday's slick roads are being blamed for a fatal wreck along westbound Salisbury Road in Independence, police say.
  2008-02-18 06:05:39

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