Mortgage and Financial News From 2008-1-10 Page 17

Previous Day: 2008-01-09

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• On the House: Addition is best value in pricey market - Bonitanews (subscription)

  On the House: Addition is best value in pricey marketBonitanews (subscription), FL - 17 minutes agoIf he wanted something bigger in the same area, he could no longer afford the mortgage. What he didn’t mention were the other costs that most home shoppers ...
  2008-01-10 07:24:10

• Dean Lumbar of Edina, youth soccer and hockey coach - Minneapolis Star Tribune (subscription)

  Dean Lumbar of Edina, youth soccer and hockey coachMinneapolis Star Tribune (subscription), MN - 17 minutes agoHe sold True Brew in the late 1990s, becoming a mortgage lender. In Edina soccer, he led traveling teams, those with the top players. ...
  2008-01-10 07:24:21

• America's Housing Collapse Beginning to Affect Retail Establishments - Bits of News

  America's Housing Collapse Beginning to Affect Retail EstablishmentsBits of News - 13 minutes agoCottage industries associated with the housing boom-real estate, mortgage lending, home hardware, landscaping, furniture, consumer electronics-will all ...
  2008-01-10 07:29:05

• Countrywide seeks rescue deal - Moneyweb

  Countrywide seeks rescue dealMoneyweb, South Africa - 12 minutes agoA weakening economy and rising mortgage delinquencies have begun to feed off each other in a dangerous spiral, as falling home values and tightening credit ...
  2008-01-10 07:29:18

• Clinton campaigns among Hispanics in Nevada - Newsday

  Clinton campaigns among Hispanics in NevadaNewsday, NY - 11 minutes agoAnd at the Lindo Michoacan, many Hispanics said they were victims of unscrupulous mortgage brokers. "This is the worst fraud ever," an indignant Clinton ...
  2008-01-10 07:30:12

• Public senses economy going south - Los Angeles Times

  Public senses economy going southLos Angeles Times, CA - 2 minutes agoNo one wanted an apartment -- not when they could get into a house with little or no down payment and an adjustable-rate mortgage that started out low. ...
  2008-01-10 07:39:30

• Fire Damages Altoona House (WJAC 6 Johnstown)

  Half a dozen people are forced out of their home.
  2008-01-10 07:27:47

• Community happenings (The Truro Daily News)

  Card party, 45s JAN. 11 – 21 Palmer St., Truro. Every Monday and Friday. 7:30 p.m. Sponsored by the Good Neighbours Retired Citizens Club.
  2008-01-10 07:33:18

• Arizona Memorial Offers Help After Car Break-Ins (KITV Honolulu)

  HONOLULU -- A rash of car break-ins at the USS Arizona Memorial visitor center parking lot has prompted officials to offer assistance to visitors. Because of strict security measures at the Memorial, purses, backpacks and other bags are not allowed inside.
  2008-01-10 07:33:28

• Monster Surf Pounds North And West Shores (KITV Honolulu)

  Surf could hit 20 to 30 feet high on the north shores of the Hawaiian Islands.
  2008-01-10 07:33:48

• Dean Lumbar of Edina, youth soccer and hockey coach (Minneapolis-St. Paul Star Tribune)

  The coach who was passionate about teaching often played long past the scheduled practice. After his cancer diagnosis, he stuck with it for his players.
  2008-01-10 07:36:30

• Bernanke: Fed Ready To Cut Interest Rates Again (CBS 3 Philadelphia)

  Federal Reserve Chairman Ben Bernanke pledged Thursday to slash interest rates as needed to prevent housing and credit problems from plunging the country into a recession.
  2008-01-10 07:40:01

• Banks Plead They Can’t Follow Rules (NYTimes.com via Yahoo! Finance)

  As the mortgage mess grows, we are learning more and more about just how sloppy things were in the mortgage-issuing business.
  2008-01-10 07:40:28

• Fed Chief Signals Further Rate Cut (NYTimes.com via Yahoo! Finance)

  Ben S. Bernanke sent a strong signal that the central bank will lower interest rates again this month as it attempts to stave off a recession.
  2008-01-10 07:40:29

• Bank May Buy Troubled Giant in Home Loans (NYTimes.com via Yahoo! Finance)

  Countrywide Financial, the troubled lender that became a symbol of the excesses that led to the subprime mortgage crisis, is negotiating a sale to Bank of America.
  2008-01-10 07:40:32

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