Mortgage and Financial News From 2007-10-16 Page 7

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  • Movie Gallery files for bankruptcy, plans to refinance debt

    CNBC - BIRMINGHAM, Ala. - Video rental giant Movie Gallery Inc. filed for bankruptcy Tuesday and indicated it could close additional stores to save money, but it said it had no plans to shake up management in the process. Movie Gallery, the nation's No. 2 ...
    2007-10-16 02:03:00

  • WASHINGTON (AP) -- Treasury Secretary Henry Paulson called Tuesday for an aggressive response to deal with an ... (WIBW-TV Topeka)

    In the administration's most detailed reaction to the steepest housing slump in 16 years, Paulson said that government and the financial industry should provide immediate help for homeowners trying to refinance current mortgages before they reset at much higher rates.
    2007-10-16 12:03:55

  • Movie Gallery files for bankruptcy, plans to refinance debt (NBC 15 Mobile)

    Video rental giant Movie Gallery Incorporated filed for bankruptcy today and indicated it could close additional stores to save money.
    2007-10-16 11:53:03

  • Movie Gallery Files for Bankruptcy, Plans to Refinance Debt (WTVY Dothan)

    Video rental giant Movie Gallery Incorporated filed for bankruptcy Tuesday and indicated it could close additional stores to save money.
    2007-10-16 01:48:35

  • Paulson Says Housing Crisis Needs Action

    AOL - ... provide immediate help for homeowners trying to refinance current mortgages before they reset at much higher rates. He also called for an overhaul of laws and regulations governing mortgage ... The information contained in the AP news report may not be ...
    2007-10-16 08:19:00

  • It's a Great Time for a Mortgage Loan

    Barron's Online - It's a Great Time for a Mortgage Loan THINGS ARE SO BAD IN THE MORTGAGE MARKET that ... Such grim stats, however, also suggest it's a great time to borrow or refinance. ... also is a wellspring of tips, definitions and other consumer-protection information. ...
    2007-10-14 05:54:00

  • 8:31 pm

    Guardian Unlimited - Yet, with the limited information seen since the central bank's September meeting ... have been forced out of business and some investors in those and related mortgage ... housing bust have made it more difficult for some subprime borrowers to refinance ...
    2007-10-16 12:01:00

  • Paulson: housing crisis needs action

    Miami Herald - ... provide immediate help for homeowners trying to refinance current mortgages before they reset at much higher rates. He also called for an overhaul of laws and regulations governing mortgage ... is pleased to provide this opportunity to share information ...
    2007-10-16 08:05:00

  • Housing Jitters Grow

    CBS News - It was the slowest month since DataQuick Information ... provide immediate help for homeowners trying to refinance current mortgages before they reset at much higher rates. He also called for an overhaul of laws and regulations governing mortgage ...
    2007-10-16 12:37:00

  • Prudential Huntoon Paige Closes $1.2 Million FHA Refinance Loan for ...

    Forbes - Prudential Mortgage Capital Company announced today that it has originated a $1.2 million refinance loan for Grasslands Housing, Inc., a section-eight, multi ... For more information, visit www.prumortgagecapital.com. Prudential Financial, Inc ...
    2007-10-16 11:25:00

  • Paulson: Subprime help needed - but no bailout (CNN Money)

    Treasury Secretary Hank Paulson is walking a fine line, pushing the need to help troubled mortgage borrowers without rewarding past risky behavior.
    2007-10-16 08:22:31

  • Prudential Huntoon Paige Closes $1.2 Million FHA Refinance Loan for Grasslands Housing, Inc. (Business Wire via Yahoo! Finance)

    COON RAPIDS, Minn.----Prudential Mortgage Capital Company announced today that it has originated a $1.2 million refinance loan for Grasslands Housing, Inc., a section-eight, multi-family housing property located in Coon Rapids, Minn.
    2007-10-16 11:23:00

  • Moore: Business Principles Should Prevent Mortgage Crisis

    WRAL - Sub-prime lenders focus on customers with poor credit histories, and many of the mortgages contained low initial interest rates that eventually adjusted to rates that buyers couldn't afford, forcing them to default on the loans. Moore's "Mortgage ...
    2007-10-16 03:43:00

  • 911 for homeowners in trouble

    MSNBC - Bush has proposed.  The program is designed to help subprime borrowers whose low introductory rates are going up.  But only those who are up to date with their mortgage payments for the last six months are eligible. That means a homeowner who has ...
    2007-10-16 04:33:00

  • 40,000 use credit cards to pay their mortgage

    Herald - This is nearly 50% above even the highest mortgage interest rates of 11 or 12% in the sub-prime sector. But for people with poor credit ratings, the card companies can charge interest rates of up to 40% - a staggering five times above the average ...
    2007-10-16 01:49:00

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