Mortgage and Financial News From 2008-1-31 Page 3

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• Macklowe Cedes Control of NYC Towers to Lenders, WSJ Reports

  Bloomberg - Macklowe borrowed $5.8 billion in bridge equity from Deutsche Bank to buy the properties and was unable to refinance the debt in time to make a Feb. 9 deadline, the Journal said, citing unidentified people familiar with the matter. ...
  2008-01-30 03:58:00

• Mortgage Woes

  BusinessWeek - March 24 - With several housing numbers this week pointing to a further decline in real estate, we take the pulse of the mortgage market and the impact of subprime loans on the industry and on anyone looking to refinance or buy a home. We talk with a ...
  2008-01-29 03:59:00

• All not welcome this time

  Arlington Heights Daily Herald - Fiona Furlong of South Glastonbury, Conn., is one borrower who has been able to refinance her home. She originally sought to refinance her conventional mortgage in December 2005, but missed the last of the sub-6 percent rates by a few weeks. She told ...
  2008-01-31 10:16:00

• New federal foreclosure agency sought

  Los Angeles Times - WASHINGTON -- Senate Democrats demanded Thursday a much more forceful response to the crisis of home foreclosures, including the possible creation of a new government body that would purchase failing mortgages and help troubled borrowers refinance ...
  2008-01-31 10:02:00

• Banks too slow on mortgage relief: regulator - Reuters

  Banks too slow on mortgage relief: regulatorReuters - 5 hours ago... forming a Depression-style federal Home Ownership Preservation Corp to help borrowers keep their homes and refinance into more affordable mortgages. ...
  2008-01-31 05:05:40

• S&P cuts subprime ratings, puts losses at $265bn - Business Report

  S&P cuts subprime ratings, puts losses at $265bnBusiness Report, South Africa - 2 hours agoOn Wednesday the firm responded to rising mortgage delinquencies by cutting or putting on review the ratings on $534 billion of securities tied to home ...
  2008-01-31 08:05:28

• The Face Of Foreclosure: A Columbia County Family Talks About ... - NBC Augusta

  The Face Of Foreclosure: A Columbia County Family Talks About ...NBC Augusta, South Carolina - 1 hour agoBut now, they're losing their home and property to foreclosure. "We were trying to get the payments refinanced, to get the payment lowered. ...
  2008-01-31 09:06:57

• Brokers scrambling to retain business - Nashua Telegraph

  Brokers scrambling to retain businessNashua Telegraph, NH - 1 hour ago"The broker's job (was) to find warm bodies who are interested in trying to buy or refinance a home." Yet consumer groups and some state officials insist ...
  2008-01-31 09:18:38

• Get Gephardt - Homeowner's - KUTV

  Get Gephardt - Homeowner'sKUTV, UT - 1 hour agoA contractor’s way of forcing that his bills get paid before the home can be sold or refinanced. On Scott's new home, contractors demand thousands of ...
  2008-01-31 09:47:17

• Tax filing season arrives this year with lots of little quirks - DetNews.com

  Tax filing season arrives this year with lots of little quirksDetNews.com, MI - 56 minutes agoFor 2007, taxpayers can deduct mortgage insurance premiums on home acquisition debt that was new or refinanced in 2007. If you simply continued paying ...
  2008-01-31 10:04:30

• Tax prep season at a glance - DetNews.com

  Tax prep season at a glanceDetNews.com, MI - 46 minutes ago--Deduction for mortgage insurance premiums on home acquisition debt that was new or refinanced in 2007. Only taxpayers with adjusted gross incomes of ...
  2008-01-31 10:13:55

• Two new 2007 tax breaks help homeowners struggling with mortgage ... - DetNews.com

  Two new 2007 tax breaks help homeowners struggling with mortgage ...DetNews.com, MI - 46 minutes agoMost tax experts interpret this provision as meaning that if in 2007 you refinanced your home to take out extra cash from your equity -- then used that cash ...
  2008-01-31 10:13:59

• Start gathering records to prepare tax returns - Akron Beacon Journal

  Start gathering records to prepare tax returnsAkron Beacon Journal, OH - 19 minutes agoForm 1098 showing 2007 home mortgage interest and points, as well as mortgage insurance premiums on home acquisition debt that was new or refinanced in 2007 ...
  2008-01-31 10:41:26

• Area foreclosures jump in January - Bradenton Herald

  Area foreclosures jump in JanuaryBradenton Herald,  United States - 10 minutes agoWhen the market was booming, many thought they would be able to refinance before the rate adjusted, but falling home values made that impractical. ...
  2008-01-31 10:50:07

• Radio highlights (Asheville Citizen-Times)

  "Change," 7:45 a.m. Fridays. Maj. Harry Foden of the Salvation Army. WSKY-AM/1230
  2008-01-31 09:52:27

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