Mortgage and Financial News From 2008-2-8 Page 23

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  • Charity warns of housing crash as repossessions rise by 20 per cent

    Times Online - The number of home repossessions hit an eight-year high last year and is expected ... 21,700 borrowers were forced to leave their homes after falling behind with mortgage ... However, Mr Sampson said: “While lender practices have improved since the 1990s ...
    2008-02-08 03:04:00

  • Countrywide and Acorn to outline subprime agreement

    Reuters - LOS ANGELES (Reuters) - U.S. mortgage lender Countrywide Financial Corp (CFC.N: Quote , Profile , Research ) and housing advocacy ... and ACORN are set to discuss the pact to formalize and broaden Countrywide's previously announced $16 billion home ...
    2008-02-08 03:47:00

  • Facing Foreclosure? 'Short Sale' Could Help

    ABC News - As the national mortgage crisis threatens millions of Americans, more people than ever are choosing to short sale their homes rather than face foreclosure. A short sale occurs when a lender agrees to allow a homeowner to a sell the home for less than ...
    2008-02-08 05:32:00

  • Year of "denial" in U.S. subprime crisis

    Guardian Unlimited - The evening before, the No. 2 U.S. subprime lender, New Century Financial Corp , had unexpectedly warned it faced a ... American Home Mortgage Investment Corp followed in August. Accredited Home Lenders Holding Co was bought out by a private equity ...
    2008-02-08 02:50:00

  • The title insurance toll

    Los Angeles Times - Typically there are two title policies for each property: one to protect the home buyer; the other to protect the mortgage lender. In California, coverage that protects the buyer would probably cost about $1,200 to nearly $2,000 for a $500,000 home ...
    2008-02-08 01:24:00

  • Mortgage fraud spirals out of control

    Financial Times - It is feared that this type of mortgage fraud will compound already increasing home repossessions. The CML said Friday that repossessions rose to an ... When the lender releases the funds, the fraudster will pocket the difference between the loan and the ...
    2008-02-08 02:00:00

  • WestLB to Cut 25% of Staff, Get EU5 Billion Bailout (Update6)

    Bloomberg - ... associations, agreed to cover WestLB's potential losses of as much as 5 billion euros related to risky assets, the lender ... Officer Thomas Fischer his job, and set aside 1 billion euros for writedowns after the collapse of the U.S. subprime mortgage ...
    2008-02-08 08:59:00

  • American Home to give up documents

    CNBC - WILMINGTON, Del. - American Home Mortgage Investment Corp. is offering to hand over hard copies of 490,000 home loan files to Wall Street investors who claime they own the mortgages. The failed Melville, N.Y., mortgage lender, which is liquidating ...
    2008-02-08 02:57:00

  • TV's habits will be hard to kick - Variety

    TV's habits will be hard to kickVariety, CA - 2 hours agoBy BRIAN LOWRY "Change" is always a powerful sales pitch, but as a good rule of thumb be wary of politicians, mortgage lenders or showbiz execs bearing "We ...
    2008-02-08 02:15:55

  • Attorney General warns of foreclosure scam - WWAY NewsChannel 3

    Attorney General warns of foreclosure scamWWAY NewsChannel 3, NC - 1 hour agoHe's asked the judge in the case to order fresh start to either pay back their customers, or make sure the money they paid goes toward their mortgage.
    2008-02-08 02:34:39

  • Swan sets watchdog on banks over fees - The Canberra Times

    Swan sets watchdog on banks over feesThe Canberra Times, Australia - 1 hour agoThe National Australia Bank boosted its standard variable mortgage rate late yesterday by 0.29 per cent 0.04 per cent more than the 0.25 per cent increase ...
    2008-02-08 02:43:44

  • Home sales outlook good for Norman - Norman Transcript

    Home sales outlook good for NormanNorman Transcript, OK - 1 hour ago29 Sooner Centurion Economic Summit that the national hysteria over slowing home sales and a mortgage meltdown is comparable to Orson Welles’ infamous ...
    2008-02-08 02:49:19

  • Fed official: Housing slump largest factor behind US economic slowdown - Xinhua

    Fed official: Housing slump largest factor behind US economic slowdownXinhua, China - 1 hour ago"Our financial markets have been unsettled since last August by the impact of mortgage-related losses on financial institutions," she said. "Many lenders ...
    2008-02-08 03:00:32

  • Lenders told to ease mortgage pain in government plan - NEWS.com.au

    Lenders told to ease mortgage pain in government planNEWS.com.au, Australia - 1 hour agoThe eight-year property price boom, which has seen suburb after suburb recording sale prices in the million-dollar-plus range, has left average home loans ...
    2008-02-08 03:08:24

  • American Home to Give Up Documents - Forbes

    American Home to Give Up DocumentsForbes, NY - 57 minutes agoThe failed Melville, NY, mortgage lender, which is liquidating its assets in bankruptcy, made the offer Tuesday to counter stiff opposition from former ...
    2008-02-08 03:23:13

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