Mortgage and Financial News From 2008-2-8 Page 39

RSS Feed

Previous Day: 2008-02-07

Return to the mortgage news archive home.

  • Has the year of change dissolved into - Fort Worth Business Press

    Has the year of change dissolved intoFort Worth Business Press, TX - 48 minutes agoOur dependence on foreign loans, foreign oil and foreign manufacturers is unprecedented. We are being invaded from the south and seemingly lack the moral ...
    2008-02-08 10:11:24
  • Debt-Saddled Homeowners, Smart to Walk Away? - Wall Street Journal

    Debt-Saddled Homeowners, Smart to Walk Away?Wall Street Journal - 40 minutes ago... crises has centered on the assumed duplicity of mortgage lenders — and those borrowers who were “duped” into taking out loans that they couldn’t afford, ...
    2008-02-08 10:19:31
  • Your $455000 Loan to Uncle Sam - Human Events

    Your $455000 Loan to Uncle SamHuman Events, DC - 36 minutes ago... DC, however, every family in America is now on the hook for $455000 over and above what they owe on their own mortgage, or student loans, ...
    2008-02-08 10:24:14
  • Fed Remains Committed to Low & Moderate-Income Homeownership - CEP News

    Fed Remains Committed to Low & Moderate-Income HomeownershipCEP News, Canada - 33 minutes agoIt was not long before many homeowners lost either the ability or the incentive to keep their loan payments current.” To avoid a replay of the mortgage ...
    2008-02-08 10:26:51
  • UPDATE: Pianalto says subprime reaction shouldn't 'suffocate' credit - Forbes

    UPDATE: Pianalto says subprime reaction shouldn't 'suffocate' creditForbes, NY - 32 minutes ago'Some of the rules would extend new protections to virtually all subprime borrowers and to other borrowers who qualify for high-priced loans. ...
    2008-02-08 10:27:43
  • Unified G-7 Action Unlikely in Markets - Houston Chronicle

    Unified G-7 Action Unlikely in MarketsHouston Chronicle, United States - 25 minutes agoBanks across the globe have written down billions of dollars to account for bad loans already. Nukaga said the G-7 industrialized nations _ the US, Japan, ...
    2008-02-08 10:34:37
  • FBI: Dozens Indicted In Mortgage Fraud Scheme - NBC5.com

    FBI: Dozens Indicted In Mortgage Fraud SchemeNBC5.com, IL - 19 minutes agoThe buyers were not qualified to obtain the financing necessary to complete these transactions and were aided by the loan officers in securing mortgage ...
    2008-02-08 10:40:28
  • First Marblehead wants another billion - Boston Business Journal

    First Marblehead wants another billionBoston Business Journal,  USA - 12 minutes agoUntil recently, First Marblehead (NYSE: FMD) experienced rapid growth, largely from packaging student loans funded by big US banks into securities. ...
    2008-02-08 10:48:13
  • Real estate's February report card - Inman.com (subscription)

    Real estate's February report cardInman.com (subscription), CA - 10 minutes agoAs reported by the Mortgage Bankers Association, the percentage of mortgage loan applications with an adjustable interest rate continues to drop, ...
    2008-02-08 10:49:52
  • Fannie and Freddie Reform Will Significantly Impact Housing Market - Imperial Valley News

    Fannie and Freddie Reform Will Significantly Impact Housing MarketImperial Valley News, CA - 7 minutes agoNAR stressed the importance of permanently increasing the loan limits as part of any reform package; that will help encourage healthier conditions in the ...
    2008-02-08 10:53:06
  • Analyst: Fannie Mae Faces Worse Credit - Houston Chronicle

    Analyst: Fannie Mae Faces Worse CreditHouston Chronicle, United States - 4 minutes agoFannie Mae buys mortgage loans, packages them into bonds and sells the bonds to investors. Because the company is chartered by Congress, investors assume ...
    2008-02-08 10:56:20
  • Monmouth Real Estate Investment Corporation Reports Three-Month ... - PR Newswire (press release)

    Monmouth Real Estate Investment Corporation Reports Three-Month ...PR Newswire (press release), NY - 3 minutes ago... Total Assets $372848000 $366908000 Mortgage Notes Payable $179044000 $174352000 Subordinated Convertible Debentures $14990000 $14990000 Loans Payable ...
    2008-02-08 10:57:04
  • Fitch Rates $118MM RALI 2008-QR1 - Business Wire (press release)

    Fitch Rates $118MM RALI 2008-QR1Business Wire (press release), CA - 2 minutes ago... certificate) which represent beneficial ownership interest in pools of primarily one- to four-family, first lien, fixed rate residential mortgage loans. ...
    2008-02-08 10:57:36
  • CIBC strike hurts workers, customers - Sudbury Star

    CIBC strike hurts workers, customersSudbury Star, Canada - 2 minutes agoWhat, consider a raise when management is scrambling to cover bad loans to US sub-prime mortgage speculators? And when the CEO needs a $3-million bonus for ...
    2008-02-08 10:57:49
  • Bond Raters in Effort to Repair Credibility (NYTimes.com via Yahoo! Finance)

    Standard & Poor’s and the Moody’s Corporation’s proposals to restore the credibility of their ratings have met with skepticism from some of their toughest critics.
    2008-02-08 10:40:33