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

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• More lose homes in county (The Springfield News-Leader)

  Local homeowners struggling to stay afloat in Springfield's widening pool of home foreclosures can reach out for help Saturday.
  2008-06-05 01:09:52

• Crash: The housing crisis is just beginning (The New Statesman)

  As Britain wakes up to the nightmare of negative equity, we are facing a housing recession far worse than that of the early 1990s. Iain Macwhirter has a warning: don't buy a house now, at any price. Just say no. You have been warned
  2008-06-05 01:44:32

• Home sales decline for 5th month in a row (Toronto Star)

  Warmer weather is failing to heat up the Toronto area housing market as it was hit with the fifth consecutive month of declining year over year sales since the start of the year.
  2008-06-05 01:45:56

• Where to Turn for Emergency Cash (Morningstar.com via Yahoo! Finance)

  We rank consumers' options, from best to worst.
  2008-06-05 04:00:00

• Local calendar, June 5 (Redlands Daily Facts)

  TONIGHT LifeHouse Theater's new musical adaptation of "Jane Eyre," 7:30 p.m. at the theater at 1135 N. Church St., Redlands. Performances continue at 7:30 p.m. Friday, June 6, 2:15 and 7:30 p.m. Saturday, June 7, and 2:15 p.m. Sunday, June 8. The performances on Saturday, June 7, will feature interpretation for the hearing impaired. Advance tickets are $12 and $17 for adults, $6 and $9 for ...
  2008-06-05 12:23:50

• Mortgage Calculator will inform sound decisions (Scoop.co.nz)

  The introduction of a quick reverse mortgage calculator is an important step in assisting older people to assess the implication of taking out an equity loan says Social Development Ruth Dyson.
  2008-06-05 04:38:29

• (AFX UK Focus) 2008-06-06 05:59 Thomson Financial Europe AM at a glance share guide: Stocks mixed; oil surges (Interactive Investor)

  LONDON (Thomson Financial) - US SUMMARY: Stocks rise on economic news; oil surges
  2008-06-05 10:23:05

• Stocks make big gains despite $5 crude oil jump (The Kansas City Star)

  NEW YORK | Wall Street surged Thursday as investors looked past a sharp rebound in oil prices and focused on comforting news about the economy.
  2008-06-05 08:25:01

• Home Front: Top-of-the line 'green' home is being built in Folsom (The Sacramento Bee)

  To drive up to the three- bedroom, two-bath bungalow being assembled in a historic residential neighborhood near downtown Folsom, you'd never suspect it's anything monumental. Builder Robert Walter is teaming up with the Sacramento Municipal Utility District to construct what both call one of the most energy-efficient homes in the country. The goal is for the downtown Folsom home to ...
  2008-06-06 12:11:34

• Lipstick On A Pig (Forbes)

  U.S. mortgage industry uses an arsenal of tactics to temporarily boost borrowers' credit scores.
  2008-06-05 09:11:59

• 1 in 51 homes in foreclosure (The Morning Journal)

  ELYRIA -- Foreclosures in Lorain County are up again and the frequency during 2007 was four times the national average, Ron Nabakowski, county clerk of courts, said yesterday. One in 51 homes in the county is in foreclosure, Nabakowski said, compared to the national average of one in 201 homes.
  2008-06-05 10:08:02

• More people opting for bankruptcy help (Detroit News)

  Once considered a last resort, more Americans are choosing bankruptcy over destitution.
  2008-06-05 10:15:34

• Japanese government estimates subprime losses at nation's banks at US$8 billion (AP via Yahoo! Philippines News)

  Japanese banks are saddled with 850 billion yen (US$8 billion) in losses linked to the bad housing credit problem in the United States, the government said Friday, a number that's still small compared to counterparts there and in Europe.
  2008-06-05 10:29:00

• Stocks perk on retail, jobs news (The News & Observer)

  Dow up 213 points; other indexes also rise as investors look past high oil prices.
  2008-06-05 11:32:25

• Refinancing: Great Deals ... If You Qualify -- ThirdAge (ThirdAge)

  Refinancing: Great Deals ... If You Qualify During the height of the real estate boom, it was not only possible to buy a home with little cash and less-than-ideal credit, but with soaring real estate prices, it was easy to refinance as well.
  2008-06-05 11:19:10

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