Adjustable rate mortgages puzzle, worries homeowners (WKYC Cleveland)
Many Ohio homeowners are worried that increases in their adjustable rate mortgages (ARM's) may leave them unable to pay their monthly mortgage payment....more...Adjustable-rate mortgage increases to hit home (The Plain Dealer)
A wave of mortgage-rate increases is poised to sweep the country, and many homeowners have no clue as to when or how hard they will be hit, according to a national survey that will be released today in Cleveland....more... Mortgage rates survey find homeowners don't know details (WKYC Cleveland)
CLEVELAND (AP) -- A nationwide survey of homeowners with adjustable rate mortgages shows that most don't know many details about their monthly house payments....more... Economy - Thursday (Investor's Business Daily via Yahoo! News)
The greenback fell to a record low vs. a basket of currencies as well as the euro after Bank of America missed profit views on big and ongoing credit losses. It's the latest in a series of corporate, monetary and economic news raising concerns about U.S. growth, bettering the odds of further Fed rate cuts. The euro rose 0.88 cent to $1.4291. The yen rallied as risk-averse investors unwound ......more... Economy - Thursday (Investor's Business Daily via Yahoo! Finance)
Dollar index falls to record low...more... What we found (The Cincinnati Enquirer)
The Enquirer analyzed a sampling of more than 36,000 properties listed in foreclosure sales since 1993 in Greater Cincinnati and Northern Kentucky....more... JOB OPENINGS (Times-Beacon)
Treasury Secretary Henry Paulson said yesterday the unfolding housing crisis posed a significant risk to the economy and called for Congress and private mortgage companies to move more quickly to help....more... As Defaults Rise, Washington Worries (New York Times)
A new report suggests that more Americans could lose their homes and that the housing market?s troubles might persist longer than many analysts have been predicting....more... Paulson assesses housing crisis (Daily Press)
The Treasury secretary warns that the increase of foreclosures could seriously affect the country's economy. Treasury Secretary Henry Paulson said Tuesday that the unfolding housing crisis posed a significant risk to the economy and called for Congress and private mortgage companies to move more quickly to help. ...more... |