Mortgage and Financial News From 2008-4-27 Page 8
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Mortgage crisis hits prime borrowers - Union Leader
As the number of foreclosures in New Hampshire continues to climb, housing advocates are seeing a disturbing trend: The mortgage crisis is spreading to prime borrowers. Robert Tourigny, executive director of NeighborWorks Greater Manchester, said his ...
2008-04-26 08:51:00 -
As ARMs reset, little of the expected chaos is coming to fruition - San Francisco Gate
Last fall, one of the biggest economic worries was what would happen when the big bulge of subprime adjustable-rate mortgages originated in 2006 faced their first interest rate adjustment in 2008.
2008-04-26 11:29:00 -
A jumbo jungle - Detroit Free Press
For months, mortgage lenders have been backing away from borrowers with spotty credit, all but closing down the so-called subprime mortgage market. More surprisingly, they've also been increasingly reluctant to lend to high-end borrowers who might ...
2008-04-27 12:19:00 -
Taking a hit on the cusp of retirement - Los Angeles Times
At 64, Gary Bowne's retirement is so close he can almost touch it. The former Peace Corps volunteer dreams of returning to teach in the tiny African country of Lesotho for a few years. The old hut, made of dung and adobe, where he lived in his 20s is ...
2008-04-26 11:50:00 -
Japan seeks Russia's backing on antipollution effort - Boston Globe
MOSCOW - Prime Minister Yasuo Fukuda of Japan today will seek Moscow's support for a new global initiative to curb greenhouse gases when he has his first meeting with Russia's outgoing and incoming presidents. Japan will host this year's Group of ...
2008-04-26 12:49:00