Mortgage and Financial News From 2007-12-6 Page 16
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Romney Vows to Serve 'The Common Cause'
Los Angeles Times - ... to become your president, I will serve no one religion, no one group, no one cause and no one interest. A president must serve only the ... Bush Announces Mortgage Rate Freeze Plan - Hayden Says CIA Videotapes Destroyed - Romney Vows to Serve 'The Common ...
2007-12-06 01:43:00 -
Retailers Post Mixed November Sales
Chicago Tribune - ... for clues as to whether the Federal Reserve will feel the need to cut interest rates ... But on an adjusted basis, same-store sales increased only 1.1 percent, and the ... recalls two more children's products Foreclosures hit record high in 3Q Bush mortgage ...
2007-12-06 02:40:00 -
Bush subprime plan offers help to 1.2M
CNN Money - Bush subprime plan offers help to 1.2M Mortgage interest rates will be frozen only for ARM borrowers who are not yet in foreclosure.
2007-12-06 02:47:00 -
ANALYSIS: New mortgage plan has troubling loopholes
Detroit Free Press - The rate freeze offer would be available only to people who have not missed any mortgage payments at their introductory interest rate. It also would apply only to loans taken out between 2005 and this past July 30 and scheduled to rise to higher ...
2007-12-06 03:16:00 -
Governor likes Bush mortgage bailout plan
MSN MoneyCentral - When those teaser rates reset, they can more than double the interest rate at the same time the borrower is also asked to start paying off the loan, rather than paying interest only. Such a reset can triple a mortgage payment. Preston said estimates ...
2007-12-06 03:16:00 -
Mortgage-interest-rate cap may be sought (Arizona Business Gazette)
Arizona's chief financial regulator may ask state lawmakers to cap how much lenders can raise the interest rate on adjustable-rate mortgages.
2007-12-06 06:31:09 -
Subprime-mortgage interest rate freeze coming (Asbury Park Press)
The Bush administration has hammered out an agreement to freeze interest rates for certain subprime mortgages for five years to combat a soaring tide of foreclosures, congressional aides said Wednesday.
2007-12-06 04:48:37 -
Text of Bush's Speech on Mortgage Crisis (San Francisco Chronicle)
Transcript of President Bush's remarks Thursday announcing a plan to help strapped homeowners whose low introductory mortgage interest rates are scheduled to rise. After Bush spoke, the White House released a corrected telephone number for homeowners to call:...
2007-12-06 12:24:01 -
Bush announces plan to freeze mortgage interest rates (New York Daily News)
President Bush announced a plan to freeze interest rates for five years for hundreds of thousands of strapped homeowners whose mortgages are scheduled to rise in the coming months.
2007-12-06 11:19:09 -
Text of Bush's speech on mortgage crisis (AP via Yahoo! News)
Transcript of President Bush's remarks Thursday announcing a plan to help strapped homeowners whose low introductory mortgage interest rates are scheduled to rise. After Bush spoke, the White House released a corrected telephone number for homeowners to call: 1-888-995-HOPE.
2007-12-06 11:50:29 -
Bush Mortgage Plan Will Freeze Certain Subprime Interest Rat (Fox News)
President Bush offered a three-pronged solution Thursday to stem the flow of mortgage foreclosures, saying private lenders and the government have joined together 'to limit the disruption to our economy.'
2007-12-06 05:30:03 -
New mortgage plan has troubling loopholes, critics say (USA Today)
The plan negotiated by the Bush administration to freeze the low introductory rates on subprime home loans appears likely to help only a fraction of the homeowners who face huge jumps in their mortgage payments.
2007-12-06 03:00:10 -
Interest cut boosts the mortgage payers (Times Online)
Mortgage payers received a welcome boost to their finances yesterday when the Bank of England cut interest rates for the first time in more than two years, and signalled more cuts early next year.
2007-12-06 02:22:04 -
Bush mortgage plan freezes subprime rates for 5 years
Chicago Tribune - WASHINGTON - Faced with a wave of costly home foreclosures, the Bush administration and financial institutions agreed to a five-year freeze on interest rates for certain Americans who face default on their subprime mortgages. The unprecedented accord ...
2007-12-06 02:33:00 -
Bush Plan to Ease Foreclosures Supported by Home Builders
Forbes - A plan put forth today by President Bush to limit foreclosures by working with key mortgage lenders and investment firms to freeze interest rates for five years on certain subprime mortgages is supported by the National Association of Home Builders ...
2007-12-06 12:24:00
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