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Two 17 year olds were shot Thursday in what school officials suspect was a gang clash outside of Ford High School in northwest Detroit. Two former Ford students now at Mackenzie High were shot one in the face. The other teen has been grazed along the back and refused treatment.
 
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A landmark welfare agreement was signed in a far north Queensland Aboriginal community in an try to develop home ownership, business opportunities and jobs.
 
Information Mortgage Reverse   
The Bank of England votes to increase interest rates to 5.5%, their highest level for six years.
 
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Fixed Mortgage Rates   
If you are a homeowner, the recent drop in interest rates opened up the possibility of big savings on your monthly deposits.
 
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First time purchasers are feeling the squeeze of higher interest rates with mortgage affordability at its worst level for 16 years, figures out today showed.
 
Chase Mortgage Rates   
War over farm aid
 
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Tom Overlie KTTC TV ROCHESTER, MN Mortgage delinquency rates are reaching all time highs across the nation and here in Minnesota. And there are now projections that 1 fifth of sub prime borrowers over the past two years could enter foreclosure soon leaving more than two million Americans without homes.
 
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A landmark welfare agreement was signed in a far north Queensland Aboriginal community in an try to develop home ownership, business opportunities and jobs.
 
Uk Second Mortgage Loan Rate   
Sales of new homes 2.6% in March, short of the rate projected by analysts, while the number of new homes for sale was little changed, as indicated by a government report Wednesday.
 
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May nine Bank of America Corp. Chief Executive Officer Ken said a so called credit bubble is about to break after six years of historically low interest rates and relaxed lending requirements.
 
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WASHINGTON, May ten : Freddie Mac, the U.S. government backed mortgage lender, said Thursday signs of low inflation kept mortgage rates little changed from last week.
 
Option One Mortgage Company   
May ten U.K. government bond yields held near their highest since November 2000 after Bank of England policy makers today raised interest rates by a quarter point to a six year high to counter inflation.
 
South Carolina Mortgage Company   
The Bank of England looks set to increase interest rates to their highest point in six years as it battles to stem increasing inflation levels.
 
Home Equity 2nd Mortgage Loan   
The effects of refinancing your mortgage may be dramatic, since it is a tool you may be able to use to enhance your financial situation. To take benefit of it, look at where you're and assess your needs. Then explore the market.
 
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InnVest Real Estate Investment Trust today declared financial results for the three months ended March 31, 2007.
 
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Supporters of reforming Macomb County government officially kicked off a petition drive today to let voters choose if to adopt a county executive form of government.
 
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Mortgage lenders declared a raise in the total they charge borrowers today in answer to yesterday's Bank of England interest rate rise. Among the 1st out of the blocks were Nationwide and Portman building societies and the Royal Bank of Scotland with its One Account , all of whom said their standard variable rates SVRs could shortly be going up by 0.25% in line with the base rate rise.
 
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House prices have nearly trebled throughout the decade, as indicated by the FT house price index. The average price of a house was £73,811 in May 1997, compared with £219,145 at the new survey in April
 
Argent Mortgage Company   
Citizens 1st Bancorp Inc., the holding company for Citizens 1st Savings Bank, said Thursday that net earning for the quarter that ended March 31 was $2.37 million, or 29 cents a share, in comparison to net earning of $2.05 million, or 26 cents per share, in the year earlier period.
 
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Today's Headlines
Bad Credit and Home Refinance 
Mortgage rates are at historic lows, and it looks like everyone's jumping on the refinance bandwagon these days. But is it really a smart idea for people with bad credit?
 
Shoppers Cry Uncle 
New The viewpoint for buyer spending in the coming months dimmed Thursday after merchants, their sales hurt by increasing gasoline prices and the slumping housing market, had one of their worst months ever in April.
 
Tarragon company states Financial Results for 1st Quarter of 2007 
Tarragon company , a leading developer of multifamily housing for rent and for sale, today declared its financial results for the 1st quarter ended March 31, 2007.
 
Economy Thursday 
Bush touts int'l investment in U.S.
 
Why Now is a Good Time to Refinance 
If you are a homeowner, the recent drop in interest rates opened up the possibility of big savings on your monthly deposits.
 
 
Going for broke 
Suddenly, it looks everyone is playing poker as well as rising numbers of teens.
 
Bankrate: low mortgage interest rates Eke Out an Increase 
NEW , May ten /PRNewswire FirstCall/ Mortgage rates inched higher, with the average 30 year fixed mortgage rate increasing to 6.
 
Bad Credit and Home Refinance 
Mortgage rates are at historic lows, and it looks like everyone's jumping on the refinance bandwagon these days. But is it really a smart idea for people with bad credit?
 
Tight mortgage belt in Treasurer's sights 
TAX cuts directed at the tight mortgage belt are tipped by key players in the ACT economy in Tuesday's federal budget, with subdued warnings about the probably affect on interest rates.
 
Financial Crossing states New Release of Advanced Mortgage and Liability Advice Solution 
Financial Crossing, Inc. today declared the availability of Liability Manager 3.0, the financial industry's most advanced mortgage and liability management solution. The platform enables financial institutions and lending professionals to deliver actionable advice on their clients' portfolios of mortgages and other buyer debt.
 
Money Smarts: The search for the right bank may be challenging 
There are thousands of during the US with new ones opening everyday, here in .
 
Why Now is a Good Time to Refinance 
If you are a homeowner, the recent drop in interest rates opened up the possibility of big savings on your monthly deposits.
 
New Orleans, Ravaged by Katrina, Hit Again by Subprime Crisis 
May ten Retired New Orleans Hattie survived Hurricane Katrina. Now, at 82, she's struggling with the $100,000 subprime mortgage she took out to pay bills and ``have some dollars'' five months before Lake Pontchartrain flooded the city.
 
Hanover Capital Mortgage Holdings states 2007 1st Quarter Results and $0.15 Per Share Dividend 
Hanover Capital Mortgage Holdings, Inc. stated net earning for the quarter ended March 31, 2007 of $0.9 million, or $0.11 per share on a completely diluted base.
 
Home builder's earning misses forecast 
Toll Brothers Inc., the biggest U.S. luxury home builder, which is now building five housing developments in Monmouth and Ocean counties, said second quarter profit was lower than earlier forecast and a lack of customer confidence amid the subprime mortgage crisis is thwarting the housing recuperation.
 
Interest rates rise again 
HOMEOWNERS took another whack in the pocket today when the Bank of England voted to increase UK interest rates to 5.5 per cent. 10/05/2007 13:58:44
 
Anworth Mortgage Asset company Reports Earnings of $0.05 Per Share for 1st Quarter of 2007 
SANTA MONICA, Calif. For the quarter ended March 31, 2007 and depending on a weighted average of 45.6 million completely diluted shares remaining, Anworth Mortgage Asset company declared today unaudited net earning to common stockholders of $2.4 million, or $0.05 per share.
 
How to find out if it is Time to Refinance 
Who would not enjoy a break on their monthly mortgage payment? On the other hand, how can you make sure the timing is entitlement to refinance? Are the rates and the current mortgage market the indicators?
 
Why Now is a Good Time to Refinance 
If you are a homeowner, the recent drop in interest rates opened up the possibility of big savings on your monthly deposits.
 
Hope Vale signs Aboriginal welfare deal 
A landmark welfare agreement was signed in a far north Queensland Aboriginal community in an try to develop home ownership, business opportunities and jobs.
 
Pieces of the historic Botsford Inn up for public sale 
Anyone who has ever wanted a part of the historic Botsford Inn will get a chance today, as things from inside the 170 year old building go up for sale. The Botsford Foundation is holding the public sale from ten a.m. till four p.m. today, Saturday and Sunday. The sale also will be held simultaneously on May 18, 19 and 20. An estate sale company will conduct the sale.
 
Impac Mortgage Holdings, Inc. states Results of 1st Quarter 2007 
Impac Mortgage Holdings, Inc. , a real estate investment trust , reports 1st quarter 2007 net loss of $121.7 million, or $1.65 per diluted common share, as in comparison to net earnings of $85.6 million, or $1.07 per diluted common share for the 1st quarter 2006.
 
Rates on 30 Year Mortgages Edge Lower 
Rates on 30 year mortgages edged lower for the 3rd week out of the past four, reflecting more evidence that slower economic growth will assist keep inflation in check.
 
Rate rise is new blow for mortgage payers 
HOMEOWNERS, borrowers and businesses were today dealt still another blow when the Bank of England's Monetary Policy board declared interest rates were to rise by another quarter per cent to a six year high.
 
Hope Vale signs Aboriginal welfare deal 
A landmark welfare agreement was signed in a far north Queensland Aboriginal community in an try to develop home ownership, business opportunities and jobs.
 
Rate rise is new blow for mortgage payers 
HOMEOWNERS, borrowers and businesses were today dealt still another blow when the Bank of England's Monetary Policy board declared interest rates were to rise by another quarter per cent to a six year high.
 
Mortgage rates finish week mixed 
Mortgage rates were mixed this week, with longer term rates easing somewhat, Freddie Mac said Thursday, on cooling inflationary fears.
 
Why Now is a Good Time to Refinance 
If you are a homeowner, the recent drop in interest rates opened up the possibility of big savings on your monthly deposits.
 

ECB Bank Lending Survey Shows Mortgage Demand Decline 
FRANKFURT Net demand for housing loans fell considerably in the three months to April, a bank lending survey published by the European Central Bank Friday shows.
 
MSU's great Rapids expansion gets $2 million boost 
Michigan State University's College of Human Medicine got a $2 million increase to develop its program in great Rapids, the school declared today.
 
BOE's King May Find More Rate Moves required to Rein in Consumers 
May eleven Bank of England Governor Mervyn King may find yesterday's interest rate increase will not be enough to deter British buyers, whose spending has driven inflation to the fastest rate in a decade.
 
Business Events for the Coming Week 
The price of a first class stamp rises two cents to 41 cents.
 
Business Events for the Coming Week 
big business events and economic events scheduled for the coming week : MONDAY, May 14 The price of a first class stamp rises two cents to 41 cents.
 
Chiquita Reaches Strategic Shipping Agreement With Eastwind Maritime and NYKLauritzenCool 
oTransaction will include Sale and Lease Back of twelve Owned Ships oProceeds to Be Used to decrease Debt and Invest in Growth Opportunities CINCINNATI, May one Chiquita Brands International, Inc. NYSE:CQB today declared it signed best agreements to sell its twelve refrigerated cargo vessels for $227 million. The ships will be chartered back from an alliance made by Eastwind Maritime Inc. and .
 
Mary Holm: Boomers really did do it tough 
Q. Baby boomers didn't have it simple in housing either. I bought my house in 1981, when I was 31. didn't lend to single women and, though I earned good money and had been independent for many years, my father still had to countersign the loan. I sold my car to part finance the deposit.
 
Slate: Why Economic Bubbles Are Good 
Slate contributor , who writes the "Moneybox" column,?was online Thursday, May ten at two p.m. ET to examine the benefits that economic bubbles and their bursting supply, also as two industries now. it is also the subject of Gross's new book.
 
How to find out if it is Time to Refinance 
Who would not enjoy a break on their monthly mortgage payment? On the other hand, how can you make sure the timing is entitlement to refinance? Are the rates and the current mortgage market the indicators?
 
Downtown ranking only part of the story 
When the Moody
 
Appeals Court: State school superintendent not liable in background check case 
Michigan School Superintendent Flanagan and his top aides can not be held liable for damages supposed by public school employees who were mistakenly identified as former criminals when a new background check program went into effect last year, the state Court of Appeals said today.
 
Gloom gathers over US economy 
Retail sales lurch lower while former Fed chairman Alan Greenspan issues a new warning that the world's biggest economy may be headed into recession. By Larry and Seager.
 
Why Now is a Good Time to Refinance 
If you are a homeowner, the recent drop in interest rates opened up the possibility of big savings on your monthly deposits.
 
Hope Vale signs Aboriginal welfare deal 
A landmark welfare agreement was signed in a far north Queensland Aboriginal community in an try to develop home ownership, business opportunities and jobs.
 
Tax season was good for H&R Block 
H&R Block tax customers 3.8 % this past tax season
 
Why Now is a Good Time to Refinance 
If you are a homeowner, the recent drop in interest rates opened up the possibility of big savings on your monthly deposits.
 
The Scoop on Adjustable Rate and Interest Only Mortgages 
There are so many kinds of mortgage programs available to home purchasers that it can get hard to keep them all separate. One of the new types of programs that many people are taking benefit of is the Interest Only Mortgage choice.
 
UK April house prices up 1.1 pct, smallest rise this year Halifax UPDATE 
LONDON The Bank of England's three interest rate rises since August last year seem to be having a simple affect on the UK's housing market, as indicated by the country's biggest mortgage lender.
 
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FREEP INSIDER READER COMMENTS: Ford's yearly meeting draws reaction
Ford held its yearly shareholders meeting Thursday, prompting discussion among readers on freepthe. Here are many of the comments posted in our discussion forums:

Why Now is a Good Time to Refinance
If you are a homeowner, the recent drop in interest rates opened up the possibility of big savings on your monthly deposits.

How to find out if it is Time to Refinance
Who would not enjoy a break on their monthly mortgage payment? On the other hand, how can you make sure the timing is entitlement to refinance? Are the rates and the current mortgage market the indicators?

Business notes
KENTUCKY

Retailers Post Weak April Sales
By ANNE D'INNOCENZIO NEW The viewpoint for buyer spending in the coming months dimmed Thursday after merchants, their sales hurt by increasing gasoline prices and the slumping housing market, had one of their worst months ever in April.

Inflationary risks still present as base rate hits six year high
The Bank of England yesterday pushed UK base rates to a six year high of 5.5%, as a poll revealed that those economists expecting another increase, though growing in number, remain in the minority.

Hope Vale signs Aboriginal welfare deal
A landmark welfare agreement was signed in a far north Queensland Aboriginal community in an try to develop home ownership, business opportunities and jobs.

Countrywide expands amid mortgage business turmoil
Countrywide makes more loans in April as refinancings increase. The mortgage business can be contracting, but No. one lender Countrywide Financial Corp. is making more loans, taking benefit of a period of turmoil to increase its market share.

Nation & world business briefs
David Neeleman stepped down as chief executive of JetBlue Airways Corp. on Thursday, giving up operational control of the airline he built from a scrappy low fare upstart into a perk heavy carrier with almost 600 daily flights. Neeleman is being replaced as CEO by Dave Barger, who was president and chairman. he'll keep the chairman title.

Hope Vale signs Aboriginal welfare deal
A landmark welfare agreement was signed in a far north Queensland Aboriginal community in an try to develop home ownership, business opportunities and jobs.

Fitch Rates Indiana Housing's $100MM 2007 A 1 & A 2 Mortgage Revs 'AAA'
NEW YORK Fitch Ratings assigns a ranking of 'AAA' to the Indiana Housing and Community Development Authority $100 million single family mortgage profit bonds, 2007 series A 1 & A 2.

Going for broke
Suddenly, it looks everyone is playing poker as well as rising numbers of teens.

Retailers Post Weak April Sales
NEW

How to start a savings habit
Britain enjoyed the longest run of cheap, available credit ever, but it appears to be coming to an end as interest rates have gradually risen since last summer.

Property affordability worst for 15 years
LONDON increasing interest rates pushed affordability for first time purchasers to its worst in more than 15 years, figures show.

How to find out if it is Time to Refinance
Who would not enjoy a break on their monthly mortgage payment? On the other hand, how can you make sure the timing is entitlement to refinance? Are the rates and the current mortgage market the indicators?

BofA Tosses Out Fees to tempt Mortgage Customers
Achieving the American dream of home ownership never been as simple as just paying for the house itself. wanting to more grow its mortgage business and expand its conventional retail banking operation, Bank of America is doing away with the group of borrower, lender and third party fees that usually add some thousand dollars to the price of purchasing a home.

Economy also credited for drop in illegal immigration
It looks like simple cause and effect: Six thousand National Guard soldiers descend on the U.S. Mexico border, and apprehensions of undocumented immigrants drop by 27% in a year.

IVA releases calculator
The page also holds some illustrative tables, showing how the new rise will affect on homeowners, as indicated by their mortgage total and type and how much the average payment is probably to have gone up in the four rises since August 2006.

Retail sales drop 2.4%
What was once a dull ache behind the eyes is threatening to become a full blown migraine for the nation's merchants. On Thursday, they stated one of their worst monthly sales performances ever, raising concerns that higher gas prices and a weakening housing market are eating away at buyer spending.

Mortgage lending tightens
With a second child on the way, Chris and his wife, Michelle, wanted to move from their two bedroom apartment in Southern California to a house with more space.

Tight mortgage belt in Treasurer's sights
TAX cuts directed at the tight mortgage belt are tipped by key players in the ACT economy in Tuesday's federal budget, with subdued warnings about the probably affect on interest rates.

With eye on Fed, Wall Street falls flat
NEW

Ameriquest Mortgage is sued over refinancings
Twenty nine families in St. Louis and four Missouri counties filed lawsuits accusing Ameriquest Mortgage Co., a California based mortgage lender, of engaging in abusive practices related to refinancing home loans.

Affordability worsens for first time purchasers, says CML
Higher interest rates are causing first time purchasers to use up more of their earning on mortgage interest payments, as indicated by the CML. .