Mortgage and Financial News From 2008-6-13 Page 4

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• In the U.K., a Different Standard For Broker Transparency (Washington Post)

  For perspective on institutional practices, nothing beats seeing how those practices differ elsewhere. Recently, I looked at how mortgage brokers and the lenders they deal with operate in the United Kingdom.
  2008-06-13 02:09:59

• Senate leaders report gifts, holdings (AP via Yahoo! Philippines News)

  Senate leaders are doing well financially thanks to a combination of their $183,500 salary, assets and relatively low debt.
  2008-06-13 02:10:00

• Ellen James Martin: Think long, hard about repayment, purposes before tapping equity (San Antonio Express-News & KENS 5)

  Until a few years ago, it was an extremely common practice among homeowners to pull money out of their property through a “cash out” mortgage refinance. People used the funds for a huge array of purposes — from buying boats to taking lavish vacations in Hawaii.
  2008-06-13 03:05:06

• Benny Kass: Subdividing land, selling part raises complex tax questions (San Antonio Express-News & KENS 5)

  DEAR BENNY: I purchased 30 acres for $600,000 in 2004. This part of the county is zoned to a minimum parcel size of 10 acres. We recently built a home on one part of the property and reside there. At some future point, 10-15 years from now, we may decide to sell off one or two 10-acre lots.
  2008-06-13 03:05:16

• Fitch Takes Various Rating Actions on COMM 2006- FL12 (Business Wire via Yahoo! Finance)

  NEW YORK----Fitch Ratings downgrades the following rake classes of COMM 2006-FL2 commercial mortgage pass-through certificates:
  2008-06-13 03:07:00

• Paterson, Legislature seek late OTB agreement (The Troy Record)

  ALBANY — New York leaders were apparently close to a deal to keep New York City Off-track Betting Corp. in operation beyond Sunday’s deadline, only to return to more closed-door talks.
  2008-06-13 03:43:39

• The Home Front (San Antonio Express-News & KENS 5)

  If your neighbors spruce up, it can boost the sales price of your home, according to a new study by the Joint Center for Housing Studies at Harvard University.
  2008-06-13 02:04:43

• Peter G. Miller: 'Good time to buy' involves several factors, not just housing prices (San Antonio Express-News & KENS 5)

  Q: Will home prices keep dropping? Is this a good time to buy? A: Real estate is a localized commodity so you have to ask: Will home prices keep dropping in my neighborhood, if they have dropped at all?
  2008-06-13 02:05:03

• Equity Losses Aren't Felt Evenly (Washington Post)

  As a homeowner, seller or buyer, what should you make of the Federal Reserve's latest report on Americans' declining home-equity positions?
  2008-06-13 02:10:46

• Touching end (BBC News)

  John Knox reflects on a week in Holyrood
  2008-06-13 02:19:43

• Parliamentary week's touching end (BBC News)

  Our parliamentary reporter John Knox looks back at the week in Holyrood
  2008-06-13 02:35:38

• Conrad Says He Never Wanted Special Treatment on Resort Home Mortgage (KFYR-TV Bismarck)

  North Dakota Senator Kent Conrad says he personally asked the chief executive of the Countrywide home mortgage company for a loan on his Delaware vacation home.
  2008-06-13 02:38:57

• Want a new puppy? Special adoption rates offered (The Payson Roundup)

  We have a plethora of puppies! Big puppies, little puppies, brown, black, red and spotted puppies. We even have two young adult dogs who came to us as puppies and still live with us. And one teeny tiny baby named Junior, who came in with his mommy last week and doesn't even have his eyes open yet.
  2008-06-13 02:45:58

• Rise In House Fires Could Be Attributed To Foreclosure Rates (WFTV 9 Orlando)

  DELTONA, Fla. -- A $2,500 reward is being offered for information on a Deltona fire and Channel 9 found out the house destroyed was in foreclosure. It took 17 firefighters to knock down the flames on Whipple Drive on Friday night. One was even hurt during the firefight.
  2008-06-13 02:58:10

• 'Trigger lead' calls can be worrisome - Baltimore Sun

  A pplying for a mortgage? Don't be surprised if you get calls, e-mail or letters from competitors hoping to steal you away from the company you picked. When your loan officer requests a copy of your credit report, the credit bureau can sell that ...
  2008-06-13 12:13:00

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