Mortgage and Financial News From 2008-7-10 Page 9

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• Housing Rescue Plan Likely to Soon Gain Senate OK, Tough Road Ahead in ... - FOX News

  WASHINGTON — The Senate on Thursday inched closer to passing a massive mortgage rescue bill, but it will likely have to go the whole nine yards the House.
  2008-07-10 11:51:00

• HUD boss: Let's keep families in homes - Detroit Free Press

  Foreclosures are rampant across the country and are particularly bad in Michigan as more defaults on home loans are on the horizon. "Many of us believe that our primary focus as government leaders should be to help people stay in their homes if they ...
  2008-07-10 02:14:00

• Congress wrangles over mortgage bill - MSNBC

  WASHINGTON - The Senate voted resoundingly Thursday to push closer to passage a massive mortgage rescue to help hundreds of thousands of stressed homeowners, even as the bill faced new obstacles in the House. By a vote of 84-12, the Senate cleared ...
  2008-07-10 09:42:00

• MGIC Downgraded by Moody's After Mortgage Defaults (Update2) - Bloomberg

  July 10 (Bloomberg) -- MGIC Investment Corp., the largest U.S. mortgage insurer, had its credit rating cut by Moody's Investors Service on record mortgage defaults. Moody's lowered its assessment of the Milwaukee-based insurer's claims-paying ability ...
  2008-07-10 01:24:00

• US 30-, 15-year mortgage rates change little in week - Reuters

  WASHINGTON, July 10 (Reuters) - U.S. 30- and 15-year mortgage rates saw little change in the latest week, according to a survey released on Thursday by mortgage funding company Freddie Mac (FRE.N: Quote , Profile , Research , Stock Buzz ). U.S. 30 ...
  2008-07-10 10:54:00

• US mortgage sector primed to run for covered bonds - Financial Times

  Hank Paulson, US Secretary of the Treasury, has found a potential source of hope for the moribund US mortgage market in a European funding mechanism that he believes could boost investor confidence and cut costs for American home-buyers. Covered ...
  2008-07-10 01:24:00

• Facing Foreclosure? You May be Eligible for Tax Relief (Carteret County News-Times)

  (ARA) - When your home is losing value and your family is facing the financial stress of foreclosure, the last thing you need is to be hit with an enormous tax bill.
  2008-07-10 01:16:19

• Florida Foreclosure Rates (WMBB TV Panama City)

  Florida continues to post one of the highest home foreclosure rates in the nation, according to the latest report from RealtyTrac.
  2008-07-10 01:24:35

• Wachovia Hires a Treasury Insider to Lift It Out of Its Banking Woes (NYTimes.com via Yahoo! Finance)

  Robert K. Steel, the under secretary of the Treasury for domestic finance, has been chosen to be Wachovia’s new chief executive.
  2008-07-10 01:36:55

• Fears rise on trillion-dollar trouble for Fannie, Freddie (AFP via Yahoo! UK & Ireland Finance)

  A downward spiral for mortgage giants Fannie Mae and Freddie Mac was unabated Thursday despite reassuring comments from Treasury Secretary Henry Paulson, as fears grew about the firms which underpin trillions of dollars in the housing system.
  2008-07-10 01:48:17

• Five Tips to Help You Gear Up for the Homebuying Season (Richfield Reaper)

  (ARA) - It's time to gear up for the busy spring and summer homebuying season. Buyers and sellers alike have come to expect that there are greater options available during this time of year as more people tend to be in the market for a new home.
  2008-07-10 01:53:43

• ICICI mulls overseas acquisitions (Business Standard India)

  India's largest private sector lender, ICICI Bank, is looking at possible acquisitions in Britain, Canada or Germany to expand its overseas business.
  2008-07-10 02:18:34

• Home Loss Help Hotline (WJHG Panama City)

  While policy and policing agencies on the state and federal levels fight predatory lending and pass measures to stop the practice. Little is being done for people whose homes are in jeopardy, until now. For many Floridians help is just a phone call away.
  2008-07-10 02:19:57

• Home Foreclosures (WCTV Tallahassee)

  Hotline set up to help Floridians in danger of home foreclosure.
  2008-07-10 02:26:52

• Bottom-Dollar Investing - Forbes

  Julie Ainsworth keeps a close eye on what's in her wallet. A year and a half after her British employer transferred her to Miami from Birmingham, England, Ainsworth sold her home in Great Britain, sensing in 2007 the real estate market was at its ...
  2008-07-09 01:47:00

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