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From the Archives, 1979: Hostess overpowers TAA jet hijacker


From the Archives, 1979: Hostess overpowers TAA jet hijacker
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By Steve Ballard
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Hostess overpowers TAA jet hijacker
A hostess overpowered a gunman to end a hijack attempt at Brisbane Airport last night.
The drama began about 8.30 when the man, about 40, pointed a shotgun at pilots on a TAA flight from Melbourne to Brisbane.
Hostess Esme Qazin and Captain Grahame Douglas Mackelmann who foiled the hijacker.
Credit:Staff photographer
It ended more than two hours later when the hostess made her move. Other crew helped pin the man to the floor of the DC-9’s cockpit. ....

Tony Grech , டோனி கிரேச் ,

Does it still make sense to put down 20% when buying a home?


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Does it still make sense to put down 20% when buying a home?
By Erica Lamberg
iStock
(CNN)  
Many people believe that before buying a home, they’ll need to have 20% of the purchase price ready in cash to use as a down payment. That can make the possibility of home ownership seem overwhelming, as even buying a small property priced at $80,000 means needing $16,000 in cash at the ready, a difficult sum for many households to save. ....

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Why Refinancing Just Became More Expensive


Why Refinancing Just Became More Expensive
Planning to refinance your home loan? Prepare to pay a new fee.
Photo by pathdoc / Shutterstock.com
A new Federal Housing Finance Agency fee could mean your next mortgage refinance will be a little more expensive than you hoped.
Beginning this month, the agency is assessing a 0.5% fee on lenders for newly refinanced mortgages.
The fee itself is designed to help Fannie Mae and Freddie Mac cope with losses stemming from the coronavirus pandemic. The Federal Housing Finance Agency oversees the two mortgage giants, which back millions of U.S. mortgages.
Under the federal CARES Act passed in March, homeowners facing a coronavirus-related hardship have been able to suspend mortgage payments. As a result, Fannie Mae and Freddie Mac have incurred more than $6 billion in losses. ....

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