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Ask AP: Bottom-up bailouts, gas pump tampering (AP) AP - If troubled automakers and banks need government bailouts, why not give their customers federally financed vouchers to help cover car and mortgage payments ? so both consumers and companies could benefit from the money? yahoo.comThe Hyperion Brookfield Strategic Mortgage Income Fund, Inc.: The Hyperion Brookfield Strategic Mortgage Income Fund, Inc. Monthly Dividend Declaration NEW YORK, NEW YORK (MARKET WIRE) The Board of Directors of The Hyperion Brookfield Strategic Mortgage Income Fund, Inc. (the 'Fund') (NYSE: HSM) declared a monthly dividend of $0.0725 per share, payable on December 24, 2008 to stockholders of record on December 16, 2008. The ex-dividend date is December 12, 2008. Based on the NYSE closing price of $4.54 on December 4, 2008, the Fund's yield was 19.16%. As of November 30, 2008, the Fund's average duration, as measured on a net asset basis, was 4.7 years. Separately, the Fund announced that it will not make any capital gains distributions in December 2008. Market WireHome loan troubles break records again (AP) AP - A record one in 10 American homeowners with a mortgage were either at least a month behind on their payments or in foreclosure at the end of September as the source of housing market pressure shifted from risky loans to the crumbling U.S. economy. TelegraphMortgage delinquency continues to rise Based on the growing number of homeowners falling behind on their mortgages, Florida may not have hit the bottom of the foreclosure trough yet. The state’s residential mortgage delinquency rate... Big News NetworkBorrowers could see mortgage rates drop to 0% Borrowers who took out tracker mortgages last year could see their interest rate drop to zero - or possibly enter negative territory - as lenders are removing the so-called 'collars' that prevent rates falling below a certain level. Financial TimesMore homeowners in U.S., Utah behind on mortgages More homeowners in Utah and the nation fell behind on their mortgage payments or were in foreclosure in the third quarter as the economy plunged deeper into recession. The Salt Lake TribuneReal Estate Weekly: Mortgage refinancing gets more attractive -- if you`re approved The large drop in mortgage rates last week caused a surge in mortgage applications, with refinance applications making up most of the activity, according to the Mortgage Bankers Association. TelegraphLate mortgage payments and foreclosures hit record (Reuters) Late mortgage payments and the rate of home loans in foreclosure rose to record highs in the third quarter, threatening to escalate as the recession erases jobs and further strains homeowners, the Mortgage Bankers Association said on Friday. TelegraphIs Now The Time To Buy A House Or Refinance? Mortgage rates are close to the lowest they've been in nearly 20 years — but they could fall further. So when is the right time to buy or refinance, and what could drive down rates? Experts weigh in. TelegraphMortgage Delinquency Rate Climbs to New Record High in Q3 Mortgage delinquencies for U.S. homes in the third quarter of 2008 rose to 6.99% from the previous quarter to 6.41% of all loans outstanding, marking a new record 29-year high, according to the Mortgage Bankers Association's (MBA) National Delinquency...(read more) Mortage News1 2 3 4 5 |
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