Saturday, September 24, 2005

Normandy Mortgages Home Page (Home Equity News)


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Real estate bust? (Home Equity News) No problem


Real estate bust? No problem
CNN Money - Sep 23 7:31 AM
The housing market's future is always a little hazy, even with oracles like Alan Greenspan gazing into the crystal ball.

Tapping Your 401(k) in an Emergency
BusinessWeek - Sep 22 8:47 PM
Current laws place some pretty stiff obstacles in the way of "hardship distribution," but if you're in dire straits, here's how it can be done

After The Chaos
BusinessWeek - Sep 23 3:29 PM
Luck and grit count, but there are strategies for business survival

Home Equity News - Home Equity Loans, Line of Credit, Calculators, Home Equity Loan Rates


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Murray County News, MN - Sep 21, 2005 Centennial Mortgage offers real estate mortgages for purchase, refinance and home improvements as well as investment properties.

To me, my hubby is dead
Malaysia Star, Malaysia - 7 hours ago 5. A month after our marriage, he and his family asked for my EPF documents because they wanted to refinance their housing loan.

Cheap Loans Are Under Fire
Los Angeles Times, CA - Sep 18, 2005 They're called option ARMs because borrowers home buyers or homeowners seeking to refinance can choose among several monthly payment options, including

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Friday, September 23, 2005

Gene Logic Falls on Unknown Impairment (Home Equity News)


Gene Logic Falls on Unknown Impairment
AP via Yahoo! - Find any type of mortgage including refinance, home equity, new home and debt consolidation

Malaysia's Ranhill eyes 300 mln rgt bond-source
Yahoo! - Ranhill wanted to refinance 300 million ringgit in medium term notes issued in 2003 as it expected domestic interest rates to rise early next year, the source said.

California Refinance With Pay Option Adjustable Rate Mortgage ( ARM ) Loans On The Increase
PR Leap - (PRLEAP.COM) "California refinance using a Pay Option adjustable rate mortgage ( ARM ) loan are on the increase advantage of a Pay Option refinance, but the two most common are

Brookstone Shareholders OK Company Sale
AP via Yahoo! - Sponsor Results Refinance your car today and lock in great rates for new and used auto loans

Advocat Receives Five National Quality Awards From American (Home Equity News)


Advocat Receives Five National Quality Awards From American
Business Wire (press release), CA - Sep 22, 2005 involve a number of risks and uncertainties, including but not limited to, uncertainty regarding the Company's ability to restructure or refinance its debt

FINANCIAL FOCUS: BRIAN AMBROSE
Contra Costa Sun, CA - 10 hours ago and much more. Refinance your mortgage. If you own a home, find out if it's financed at the most advantageous rate. It's a good

Guangdong Investment to Refinance HK$10.9 Billion of Loans
China Knowledge Online, Singapore - Sep 20, 2005 20, 2005 (Bloomberg) - Guangdong Investment Co., an investment arm of the Guangdong provincial government, said it plans to refinance HK$10.9 billion ($1.4

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Home Equity News - Home Equity Loans and Loan Approvals - Online Application


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Increased foreclosures expected in S. Florida as (Home Equity News) housing market cools


Increased foreclosures expected in S. Florida as housing market cools
Sun-Sentinel - Sep 23 6:15 AM
Florida's overheated housing market has had an unintended benefit: Foreclosures are way down because struggling owners can usually sell for a profit and get out from under their debt.

Australia's DCA Group To Raise Funds To Refinance NZ Acquisition
Asia Pulse via Yahoo! Australia & NZ News - Sep 19 12:52 AM
Healthcare firm DCA Group Ltd (ASX:DVC) plans to raise up to A$200 million (US$152.65 million) to refinance its recent acquisition of a New Zealand-based aged care firm.

Berlusconi, bank gov. locked in standoff
BusinessWeek - Sep 23 4:24 AM
SEP. 23 7:07 A.M. ET Italy was in political turmoil Friday after Premier Silvio Berlusconi joined calls for the resignation of the embattled Bank of Italy governor and named one of the governor's fiercest critics as the new economy minister.

High Cleric Urges Shiites To Adopt Iraq Charter
Washington Post - Sep 22 7:59 PM
BAGHDAD, Sept. 22 -- Iraq's most influential religious leader, Grand Ayatollah Ali Sistani, on Thursday urged his followers to adopt a draft constitution scheduled for a nationwide referendum next month, offering crucial support for a document that will give legitimacy to the fledgling Iraqi...

Yankees Afloat, but Cashman May Bail
Washington Post - 1 minute ago
Yankees general manager Brian Cashman is expected to pursue other opportunities when his contract expires Oct. 31 and Washington or Baltimore could be possibilities.

Facing foreclosure? Here's (Home Equity News) what to do


Facing foreclosure? Here's what to do
Sun-Sentinel.com - Tips in case a foreclosure looms: Do not ignore letters from your lender. Your lender can help restructure your payments or refinance your loan. Stay in your home. You may not qualify for assistance if you leave your house.

Hurricane brought financial disparities into focus; NAACP urges freeze on foreclosures
AP via Florida Times-Union - lenders pressure homeowners into high-interest loans to refinance mortgages, home equity loans or home repair loans that

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UPDATE 2-Marsh & McLennan may face new bid-rigging lawsuit
Reuters - the possible lawsuit at about the same time it announced plans to sell $1 billion of senior notes to refinance bank debt

Gazprom agrees record $12 bln loan with banks
Reuters - Gazprom has got the money, the loan is underwritten and the deal is circled,' a banker close to the deal told Loan Pricing Corporation, Reuters syndicated loans unit. are also expected to play leading roles in Gazprom's planned multibillion bond issue that will partly refinance the loan

Online Extra: (Home Equity News) Google's Search for Simplicity


Online Extra: Google's Search for Simplicity
BusinessWeek - Sep 22 2:57 PM
That famously spartan user interface is about to face a major test as the outfit seeks to drum up attention for its many new offerings

Giant Strides At Symmetry
BusinessWeek - Sep 22 2:58 PM
Symmetry Medical (SMA ) (SMA) is sitting pretty in the fast-growing orthopedics market: It designs and makes implants used in joint replacements -- mainly hips and knees -- including the instruments to put them in place.

Case & GE Team Up For New Private Label Credit Card
[Press Release] Business Wire via Yahoo! Finance - 36 minutes ago
Case Design/Remodeling, Inc. is introducing a new private label credit card specifically for home remodeling and improvement projects. The new Case Card will be serviced by GE Consumer Finance, Retail Sales Finance.

Online Extra: "How to Take a Vacation"
BusinessWeek - Sep 22 2:57 PM
Jay Henderson of PricewaterhouseCoopers knows how important quality time off can be. So he offered employees some guidelines

With Simple Tools, Activists in Belarus Build a Movement (Home Equity News)


With Simple Tools, Activists in Belarus Build a Movement
Washington Post - Sep 22 6:17 PM
MINSK, Belarus -- On Saturday, July 9, Belarusan special security forces burst into the home of Uladzimir Kishkurna, an opposition political leader. Neither he nor his wife was home. Although elected as a reformer in 1994, Lukashenko, a onetime collective farm director, soon became the leading......

Antiwar Rally Will Be a First for Many
Washington Post - Sep 22 7:01 PM
The seasoned protesters who organized tomorrow's antiwar demonstration are well-versed in many other causes. They have marched and rallied against police brutality, racism, colonialism and the policies of the World Bank and International Monetary Fund.

Opiates of the Iranian People
Washington Post - Sep 22 8:15 PM
TEHRAN -- If he could afford it, Ali Nariman would drink beer, he says. But like most Iranians, he is poor, and so takes his solace in the form of a small gray ball of opium.

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Thursday, September 22, 2005

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Keeping Up With Mortgage Payments During Personal Crises a Major Concern Among Many Homeowners, Study Shows (Home Equity News)


Keeping Up With Mortgage Payments During Personal Crises a Major Concern Among Many Homeowners, Study Shows
[Press Release] PR Newswire via Yahoo! Finance - Sep 16 7:31 AM
A new study shows that many consumers believe they are not prepared to deal with "trigger" financial problems that could affect their ability to keep up with home mortgage payments and living expenses.

EQUITY SHOCK
Asbury Park Press - Sep 20 5:58 AM
NEW YORK For Kim and James Merly, the home equity line of credit came in very handy it helped pay for their son's college education, a car and renovations of two rental properties.

(AFX UK Focus) 2005-09-19 19:27 GMT: S&P: Housing bubble more likely to fizzle than crash
Interactive Investor - Sep 19 12:00 PM
BOSTON (AFX) -- The popping of the red-hot U.S. housing market will likely play out as a steady deceleration of prices followed by stabilization, rather than a dramatic national downturn, Standard & Poor's said Monday.

Weddings
The Chapel Hill News - Sep 17 11:50 AM
Meredith Ann Cooke and David Lee Fitch were married Sept. 17 at First Baptist Church in Wilmington. The Rev. Michael G. Queen officiated. The bride is the daughter of Mr. and Mrs. Charles Weaver Collini of Wadesboro and Mr. and Mrs. Travis Keith Cooke of Wilmington.

Changing the face of Old Town: Business relocations, renovations helping to restore charm of city center
Idaho State Journal - Sep 20 6:30 AM
Old Town revitalization continues as new fixtures and new businesses add to an evolving cityscape.

Key rate bumped .25 point (Home Equity News) to 3.75%


Key rate bumped .25 point to 3.75%
deseretnews.com - rates are used for many short-term consumer loans, including some credit cards and popular home equity lines of credit

TMSF Holdings, Inc. Names Scott J. Reading as Executive Vice President
PR Newswire via Lycos - He is a Board member of the National Home Equity Mortgage Association (NEHMA). Mr

Avoid temptation to tap retirement savings
AP via Seattle Post Intelligencer - include borrowing from relatives and friends, tapping a home equity line of credit or seeking a personal loan from

Biweekly Mortgage Brokers - No Need to Refinance Home (Home Equity News) - Bi-weekly


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Learn How Lenders Get Paid How To Ebook for the (Home Equity News)


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I would not trust a company that calls them a HEL. HEL, to Me, stands for a "home Equtiy Line" which sounds darn close to a HELOC don't it?

FFIEC Home Mortgage Disclosure Act (Home Equity News)


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Son's tuition ranks high with (Home Equity News) teacher


Son's tuition ranks high with teacher
SignOn San Diego - As a teacher, Marianne Girdner places a high priority on education. a negative cash flow and was funding routine living expenses with a home equity loan and credit cards 000 Rental mortgage: $170,000 Home equity line of credit: $25,000

Fed Hikes Rates
Taunton Gazette - Fed Hikes Rates Chicago Tribune 09/21/2005 Sep. the economy, particularly on many consumer loans, home equity loans and many interest-only mortgages with adjustable

ABS to weather Katrina; emerging housing boom seen
Reuters - By Nancy Leinfuss BOCA RATON, Sept 16 (Reuters) - Hurricane Katrina's devastating impact on the Gulf Coast region is likely to have a limited impact on U.S. disaster in every sense, its impact on the home equity ABS market, however, is likely to be limited Boca Raton, Florida. Overall, home equity exposure to the affected area is

Home Equity News - Fed boosts interest rates while downplaying concern over Katrina


Fed boosts interest rates while downplaying concern over Katrina
Arizona Daily Sun - Sep 21 10:03 AM
WASHINGTON -- In Alan Greenspan's world, inflation is a bigger threat...

At Marriott, a Massive Makeover
BusinessWeek - Sep 20 8:43 PM
CEO Bill Marriott discusses plans to refurbish well over 600,000 rooms. It's a big move, he admits, but the chain's upstart rivals make it essential

EQUITY SHOCK
Asbury Park Press - Sep 20 5:58 AM
NEW YORK For Kim and James Merly, the home equity line of credit came in very handy it helped pay for their son's college education, a car and renovations of two rental properties.

Inflation Concerns Led to Latest Rate Hike
AP via Yahoo! News - Sep 21 12:12 AM
GROWING CONCERN: Analysts believe the decision by the Federal Reserve to raise interest rates Tuesday demonstrates the central bank's concern about inflation.

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Wednesday, September 21, 2005

Allied Home Mortgage and Entellium Ink 3-Year Hosted CRM Deal For Up to 5000 Employees; (Home Equity News) Nation's Largest Priva


Allied Home Mortgage and Entellium Ink 3-Year Hosted CRM Deal For Up to 5000 Employees; Nation's Largest Priva
dBusinessNews.com - Seattle - SEATTLE -- Allied Home Mortgage Capital Corporation ('Allied'), the nation's largest privately-held is the leader in the home mortgage business because of the dedicated

Greenspan warns mortgage giants need to be controlled
Victoria Advocate - financial system, Federal Reserve Chairman Alan Greenspan says. system as a whole and in the end could seriously diminish the availability of home mortgage funds,' Greenspan said

Wells Fargo, PNC partner in local home-mortgage venture
New Mexico Business Weekly - local services Create your own page of headlines from any or all of our categories. to have Industry news headlines sent to you when we post them. AM EDT Thursday , PNC partner in local home-mortgage venture Erin Killian Staff Reporter has teamed up Mortgage to bulk up its home-mortgage lending. The Pittsburgh-based regional

Katrina brings financial plight to focus
Boston Globe - have never used an ATM machine or applied for a home mortgage. Often, they turn to storefront payday lenders, which

Mortgage debt a liability to U.S., Greenspan says
Star Tribune - whole and in the end could seriously diminish the availability of home mortgage funds,' Greenspan said.The letter to Sen

Home Equity News - Real Estate Financing in the Yahoo! Directory


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PNC Bank and Wells Fargo Home Mortgage Form Joint Venture To (Home Equity News) Make Homeownership Easier


PNC Bank and Wells Fargo Home Mortgage Form Joint Venture To Make Homeownership Easier
dBusinessNews.com - DES MOINES -- The PNC Financial Services Group, Inc. ( NYSE:PNC) today announced plans to make homeownership easier for customers in the Greater Washington Area with the launch of a strategic alliance for home financing. LLC, a joint venture between Wells Fargo Home Mortgage and PNC, will offer homebuyers a wide range and services leveraging Wells Fargo Home Mortgage, one of the nation's leading

Minorities are more likely to pay higher mortgage rates
Seattle Times - are far more likely than whites to pay home-mortgage interest that is significantly above market rates, according to

Katrina brings financial plight to focus
Boston Globe - have never used an ATM machine or applied for a home mortgage. Often, they turn to storefront payday lenders, which

Home equity lines of credit lose some of their appeal
Houston Chronicle - company who recently paid down a home equity line on his Kansas City, Mo., home. Mortgage bankers like James Nutter Jr

Wells Fargo, PNC partner (Home Equity News) in local home-mortgage venture


Wells Fargo, PNC partner in local home-mortgage venture
New Mexico Business Weekly - local services Create your own page of headlines from any or all of our categories. to have Industry news headlines sent to you when we post them. AM EDT Thursday , PNC partner in local home-mortgage venture Erin Killian Staff Reporter has teamed up Mortgage to bulk up its home-mortgage lending. The Pittsburgh-based regional

PNC Bank and Wells Fargo Home Mortgage Form Joint Venture To Make Homeownership Easier
dBusinessNews.com - DES MOINES -- The PNC Financial Services Group, Inc. ( NYSE:PNC) today announced plans to make homeownership easier for customers in the Greater Washington Area with the launch of a strategic alliance for home financing. LLC, a joint venture between Wells Fargo Home Mortgage and PNC, will offer homebuyers a wide range and services leveraging Wells Fargo Home Mortgage, one of the nation's leading

UPDATE 1-Greenspan warns against moving too slowly on GSEs
Reuters - financial system. as a whole and in the end could serious diminish the availability of home mortgage funds,' Greenspan said in a Sept

Money Matters: Consider investing in collateralized mortgage obligations
Marco Island Eagle - By making your monthly mortgage payments, you're building equity in your home. like the one you may have on your home. Mortgage-backed securities represent an ownership interest in mortgage loans

American Home Mortgage Investment Corp. to Participate in Mortgage REIT Panel at the RBC Capital Markets 2005
Stockwatch - 12 /PRNewswire-FirstCall/ -- American Home Mortgage Investment Corp. ( NYSE: AHM) announced today relations section of American Home Mortgage's website at http:www.americanhm

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Understand tax rules before you refinance a loan
HeraldNet - By Steve Tytler Q I have a rental property I've owned for about 20 years. In the last year, I borrowed money on it three times, then paid it off. I had closing costs three times of approximately $3,500 each time. What if I refinance every year? I'd like to use my property as a money bank, but this seems impossible

For Native Americans, Buying Has Become Easier
New York Times - I've tried to refinance through eight different places in five years,' said Mr

City Hall Picks Banks for Bond Issue (Home Equity News)


City Hall Picks Banks for Bond Issue
The Moscow Times, Russia - Sep 18, 2005 The bonds, which will not go on sale until April 2006, refinance maturing debt and may be the city's last offering for the next five years, said Pakhomov.

Use care with some types of financing
Florida Today, FL - Sep 17, 2005 BY DONNA BALANCIA. Home buyers should be careful about the type of home loan they get -- whether they're buying a new home or looking to refinance, experts say.

International Experts to Manage Liberia for Three Years
Perspective, GA - Sep 20, 2005 This led to a group of British, American, French and German bankers to loan the Liberian government $1.7 million to refinance its loans.

Rate cut prompts rush to refinance mortgages
Borsa-Italia.Net, Italy - 1 hour ago COST-CONSCIOUS homeowners have quickly seized on last month s cut in interest rates to refinance their mortgages COST-CONSCIOUS

Not all home loans are equal
San Jose Mercury News, United States - Sep 7, 2005 under the federal Home Mortgage Disclosure Act, covered loans that were taken out as first or second mortgages, to purchase a home or to refinance an existing

Home Equity News - Refinance Articles - Quicken Loans


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Tuesday, September 20, 2005

Home Equity News - Fearing inflation, Fed raises key interest rate


Fearing inflation, Fed raises key interest rate
Providence Journal (subscription), RI - 4 hours ago percent. These rates are used for many short-term consumer loans, including some credit cards and popular home equity lines of credit.

The Bicoastal Housing Bubble Brief Analysis
National Center for Policy Analysis, France - Sep 15, 2005 According to the Federal Reserve, home equity the portion of a home's value not covered by a mortgage or equity loan has fallen from 75 percent of home

Countrywide to offer two-part $2 bln home-equity ABS
Reuters - Aug 22, 2005 NEW YORK, Aug 22 (Reuters) - Countrywide Mortgage has issued price guidance for its two-part $2 billion home equity-backed deal, a source close to the deal

Asustek expects motherboard shipment rise
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Colombia's Progress -- and a Plea (Home Equity News)


Colombia's Progress -- and a Plea
BusinessWeek - 1 hour, 6 minutes ago
As Colombia's President Alvaro Uribe nears the end of his four-year term, he can boast of several achievements. The security situation has improved dramatically under his watch.

Contractor Charged in Baghdad Badge Scam
Washington Post - Sep 20 6:55 PM
A military contractor returning from Iraq was charged yesterday with distributing identity badges that control access to Baghdad's heavily fortified Green Zone to people not allowed to receive them, including an Iraqi woman he was dating.

Spending money in a bubble
Ukiah Daily Journal - Sep 19 9:14 AM
Mendocino County and the entire state of California dodged another budget bullet this budget year because we're still in the midst of the well-known housing bubble which not only artificially props up the state economy by using speculative housing prices as "collateral" for various home refinance schemes, but also bumps up county and state property tax income.

Thai Hot Stocks - Thai Oil, PTT
Reuters via Yahoo! Asia News - 2 hours, 49 minutes ago
BANGKOK, Sept 21 (Reuters) - Thai stocks are expected to rise on Wednesday due to demand for energy and bank shares, but a U.S. Federal Reserve rate hike and indication that further rises are on the cards could limit gains, dealers said.

Aide Was Reticent on Lobbying for Foreign Clients
Washington Post - 1 hour, 54 minutes ago
David H. Safavian, the Bush administration official arrested Monday, initially failed to disclose lobbying work he had done for several controversial foreign clients when he went before a Senate panel last year to be confirmed as chief of the White House's federal procurement office.

Home Equity News - Katrina brings financial plight to focus


Katrina brings financial plight to focus
Boston Globe - have never used an ATM machine or applied for a home mortgage. Often, they turn to storefront payday lenders, which

Rates on 30-year mortgages increase
AP via Seattle Post Intelligencer - rate mortgages, a popular choice for refinancing a home mortgage, averaged 5.32 percent this week, up from 5.30 percent

UPDATE 2-Greenspan warns against moving too slowly on GSEs
Reuters - in the end could seriously diminish the availability of home mortgage funds,' Greenspan said in the letter, a copy of

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Home Equity News - Homeowners cope with rising rates


Homeowners cope with rising rates
The State - Sep 18 12:52 AM
NEW YORK For Kim and James Merly, the home equity line of credit came in handy it helped pay for their sons college education, a car and renovations of two rental properties.Recently, the Fairfield, Conn., couple noticed their interest rate had jumped to 6 percent from the 4 percent they paid in January 2004 when they first opened the account. They decided it was time to pay off the credit

Economists say Fed will raise rates again
The Bryan-College Station Eagle - Sep 19 5:55 AM
WASHINGTON - Despite an expected economic slowdown brought about by Hurricane Katrina, the Federal Reserve is expected to raise interest rates again. Policy-makers will meet Tuesday to consider their next move on interest rates.

Home equity lines on rise
Portsmouth Herald - Sep 16 6:15 AM
NEW YORK - For Kim and James Merly, the home equity line of credit came in very handy - it helped pay for their sons college education, a car and renovations of two rental properties.

Monday, September 19, 2005

Katrina Brings Financial Plight to Focus (Home Equity News)


Katrina Brings Financial Plight to Focus
ABC News - Sep 15 4:28 AM
Hurricane Brings Financial Disparities Into Focus; NAACP Urges Lenders to Freeze Foreclosures

Katrina brings financial disparities into focus
MSNBC - Sep 15 5:31 AM
Hurricane Katrina has brought into focus the financial plight of many blacks along the Gulf Coast as well as illustrating the differences in how minorities and whites use and are treated by banks.

Home owners struggle against rising home equity loan rates
Provo Daily Herald - Sep 16 12:24 AM
NEW YORK -- For Kim and James Merly, the home equity line of credit came in very handy -- it helped pay for their son's college education, a car and renovations of two rental properties.Recently, the Fairfield, Conn., couple noticed their interest rate had jumped to 6 percent from the 4 percent they paid in January 2004 when they first opened the account.

Wells Fargo, PNC partner in local home-mortgage venture
BizJournals - Sep 15 8:42 AM
PNC Financial has teamed up with Wells Fargo Home Mortgage to bulk up its home-mortgage lending.

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Home Equity News - Mortgage rates up slightly


Mortgage rates up slightly
Buffalo News, United States - Sep 16, 2005 week. Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing a home mortgage, averaged 5.32 percent this week.

Snoopy eyes the mortgage business
CNN - Aug 24, 2005 That's a misperception MetLife (Research) hopes to change as its banking unit launches a whole line of home mortgage products this fall.

Group alleges race disparity in Wells Fargo loan interest
Pioneer Press, MN - Sep 9, 2005 CORN's report is based on an analysis of the lender's performance based on 2004 Home Mortgage Disclosure Act data, which for the first time includes annual

Home Equity News - It's official: Street signs trump maps


It's official: Street signs trump maps
Chicago Tribune - Sep 18 4:20 AM
FREMONT TOWNSHIP -- For as long as anyone can remember, a quarter-mile stretch of road in Fremont Township has been called Chevy Chase Road. Not only do locals call it that--so do street signs.

Rates take bloom off equity loans
The Capital Times - Sep 17 5:53 PM
AP business writer For Kim and James Merly, the home equity line of credit came in very handy - it helped pay for their son's college education, a car and renovations of two rental properties.

Starbucks announces $5 million China fund
BusinessWeek - Sep 19 4:08 AM
SEP. 19 6:28 A.M. ET Coffee retailing giant Starbucks on Monday announced the inauguration of a US$5 (euro4.1 million) fund to promote education in China, part of its efforts to raise its profile in a market it hopes will be its second largest after the United States.

With knowledge of interest rates comes money in the bank
Chicago Tribune - Sep 18 4:15 AM
Interest rates have been a consumer's friend for years now, bumping along the bottom of historic lows. But that has been changing, and rising rates are gnawing at family budgets.

Skype: How A Startup Harnessed The Hoopla
BusinessWeek - Sep 19 10:53 AM
The buzz began building this summer. In June, reports surfaced that Yahoo! was in merger talks with Skype Technologies, the Internet-telephone company. Before long, rumors were circulating that News Corp. (NWS ) and Google, too, were interested in Skype.

Greenspan renews concern about debt Portfolios of two (Home Equity News) mortgage giants raise questions


Greenspan renews concern about debt Portfolios of two mortgage giants raise questions
NWITimes.com - whole and in the end could seriously diminish the availability of home mortgage funds,' Greenspan said.The letter to Sen

Greenspan Renews Mortgage Giant Concerns
AP via Newsday - system as a whole and in the end could seriously diminish the availability of home mortgage funds,' Greenspan said

Minorities are more likely to pay higher mortgage rates
Seattle Times - are far more likely than whites to pay home-mortgage interest that is significantly above market rates, according to

Greenspan sounds debt alert
Wilmington Star - to our financial system as a whole and in the end could seriously diminish the availability of home mortgage funds,' Mr

Today's Business (Home Equity News)


Today's Business
Myrtle Beach Online - Sep 17 12:16 AM
Washington | Rates on 30-year mortgages rose for the first time in five weeks as investors awaited word from next week's meeting of the Federal Reserve on the future direction of mortgage rates.

Business calendar -- Sept. 16, 2005
Tennessean - Sep 16 12:19 AM
Volunteer State Community College, in partnership with Sandler Sales Institute, will offer a 12-week program on business development for professionals, including lawyers, accountants, engineers and consultants. A daytime course will be 7:30-9:30 a.m., starting today.

Is prepayment penalty tax-deductible?
Bankrate.com via Yahoo! Finance - Sep 15 3:00 AM
For tax purposes, a prepayment penalty is deductible in the same way as mortgage interest, says our tax adviser.

Disaster aids illustration of blacks plight
Columbia Daily Tribune - Sep 16 12:05 PM
NAACP urges freeze on foreclosures. WASHINGTON (AP) - Hurricane Katrina has brought into focus the financial plight of many blacks along the Gulf Coast and illustrated differences in how minorities and whites use and are treated by banks.

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Sunday, September 18, 2005

Home Equity News - Home 123: Loans, Second Mortgages, Refinancing & Debt Consolidation


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Kansas City Star, MO - 8 hours ago At Your Service: Last December we applied with Hometown Equity Mortgage to refinance our home loan in hopes of getting better interest rates.

Strikers get a break at Boeing credit union
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Tullahoma News and Guardian, TN - Sep 15, 2005 Tullahoma city government is attempting to refinance its debt, taking advantage of lower interest rates to leverage about $5 million and take care of some

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Home-sales dip (Home Equity News) sends stox down


Home-sales dip sends stox down
New York Daily News - A contraction could hurt consumer spending, since a raft of home equity loans have put cash in consumers' pockets

Stocks fall as existing home sales slide
AP via Seattle Post Intelligencer - NEW YORK -- Wall Street drifted lower Tuesday as existing home sales slid and volatile oil prices exacerbated the market's summer malaise. could also take a hit if home prices decline, since a raft of home equity loans have put cash in consumers' pockets

Avoid temptation to tap retirement accounts
North County Times - include borrowing from relatives and friends, tapping a home equity line of credit, or seeking a personal loan from