Mortgage and Financial News From 2007-12-28 Page 21
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The Credit Crunch: Searching for solutions to ease economic pressures (Pittsburgh Post-Gazette)
It has the makings of a recession: Americans are falling behind on their credit card payments, their auto loans and their mortgages. New-home construction is at its slowest pace in 16 years. Foreclosure rates are skyrocketing thanks to adjustable interest rates on subprime loans, and from Florida to California, homeowners who bought on speculation now owe more than they paid. Borrowed funds now ...
2007-12-27 09:26:10 -
Treasury 10-Year Notes Rise; Stock Losses Fan Demand for Safety (Bloomberg.com)
Dec. 28 (Bloomberg) -- Ten-year Treasury notes rose for a second day as Asian stocks declined and economists said a U.S. government report will show sales of new homes fell in November.
2007-12-27 11:27:45 -
Mortgage approvals in November drop to near record low (The Herald)
The number of fresh mortgages approved for house purchase last month by the big UK banks was down 43.5% on November 2006 and the second-lowest on record - adding to evidence of a rapid cooling of the residential property market.
2007-12-27 04:12:40 -
Australian Dollar Gains for Second Week as Metal Prices Climb (Bloomberg.com)
Dec. 28 (Bloomberg) -- The Australian dollar completed a second weekly advance and reached a two-week high after prices climbed for metals that the nation sells abroad.
2007-12-27 10:44:53 -
Offshore tax dodgers face crackdown
BBC Business - ... in some circumstances, may give someone time to pay, but with an additional interest ... where a taxpayer owes, say, £100,000 and has a mansion worth £2m with no mortgage ... The material is for general information only and does not constitute investment ...
2007-12-28 01:28:00 -
IRS: Some Refunds to Be Delayed
The Ledger - ... have to wait until Feb. 11 to start filing with the five AMT-related forms, but the IRS said filing patterns show only ... Form 8396, Mortgage Interest Credit, and Form 8859, District of Columbia First-Time Homebuyer Credit. Any taxpayer using those forms ...
2007-12-28 03:22:00 -
AstraZeneca, TXU Lead Record Year of U.S. Corporate Bond Sales
Bloomberg - Then ``the mortgage market completely shut down.'' Corporate refinancing ... borrowing costs and historically low yield spreads, or the additional interest ... Only $43.6 billion were offered in the second half, 90 percent of which came ...
2007-12-28 03:51:00 -
Buy only what you can afford, first-timers advised
Vancouver Sun - Buy only what you can afford, first-timers advised ... have bought a $100,000 house with the same $10,000 down payment, but it would have meant more interest costs. Instead, I chose a smaller mortgage to ...
2007-12-28 12:38:00 -
Poll: Pocketbook issues rising
Miami Herald - ... they will face unexpected medical expenses, their homes will lose value or mortgage ... Terrorism was the only issue polled that Republicans were more trusted than ... Interest in immigration - a major issue in the Republican presidential contest ...
2007-12-28 04:05:00 -
News Minute: Funeral for Bhutto...Elections still on...Heroic picture
WDAM-TV - ... time work to resume first of year On travels to Arkansas, Bhutto noted her interest ... Food & Nutrition Exercise For Women Only Horoscopes Aries Taurus Gemini Cancer Leo Virgo ... The Latest in House and Home House & Home Main Today's Mortgage Rates Money This Week in ...
2007-12-28 12:31:00 -
Crunch Time for American Consumers (GoldSeek.com)
The subprime mortgage crisis is merely the tip of a very large iceberg. Beneath the surface lies not only a sea of tenuous loans to prime borrowers, but also an assortment of other liabilities backed by auto loans and credit card debit.
2007-12-27 09:59:43 -
Lenders lending a hand (Mohave Valley News)
BULLHEAD CITY - Banks are now working with homeowners who have fallen behind in their mortgage payments. In this soft real estate market, it's in their interest to try to make a deal, since it costs a bank $40,000-$50,000 to foreclose on a home and resell it.
2007-12-28 02:18:11 -
Burns: Roth conversion not always best (Houston Chronicle)
Q: I am 59, single and have no mortgage or any other debt. I make about $55,000 a year. I have an individual IRA and a work IRA invested in indexed mutual funds with a combined worth of about $280,000. I have savings of $60,000 earning 5.25 percent interest.
2007-12-27 10:44:06 -
It's Tax Business as Usual: Tax Filing to Start January 11th, According to Liberty Tax Service (Centre Daily Times)
After grim forecasts of impending lengthy delays to the tax filing season, the IRS is ringing in 2008 with great news: the tax filing season will start on January 11th, as usual for most taxpayers. The only taxpayers who will experience delays are those who claim credits for education, residential energy, child and dependent care expenses, mortgage interest, and the first-time homebuyers in the ...
2007-12-27 01:00:07 -
Mortgage slump as homeowners stay put (Times Online Sunday)
A slump in mortgage approvals in November provides yet more evidence that most of the housing market will be in the doldrums next year.
2007-12-28 03:39:41