Mortgage and Financial News From 2008-2-24 Page 24
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Shays hosts forums on subprime mortgage crunch
Stamford Advocate - Local government has no choice at this point but to address this issue," said Doris Latorre, a panelist and national director for quality assurance for Bridgeport ACORN. With mortgage loans slated to reset this year, "We're going to see problems for ...
2008-02-22 01:40:00 -
Mortgage lenders at risk of falling into credit-rating trap
Guardian Unlimited - Northern Rock announced yesterday it was joining other lenders in withdrawing from the 100%-plus loan-to-value mortgage market. Such loans are most vulnerable to a downturn in the housing market.
2008-02-22 02:02:00 -
Lenders fighting mortgage rewrite
MSNBC - The Democrats and their allies see the plan as an antidote to the recent mortgage crisis, especially among low-income borrowers with subprime loans.
2008-02-22 05:36:00 -
Moody's downgrades MBIA reinsurer
MSN MoneyCentral - Collateralized-debt obligations, or pools of different kinds of debt often layered with risky mortgage loans, constitute 12 percent of Channel's insured debt, Moody's said.
2008-02-22 12:46:00 -
Fitch Rates Deutsche Mortgage Securities $51.9MM Series 2008-RS1
PR Inside - class III-A-1 and 56.85% of Washington Mutual Mortgage Pass-Through Certificates, WMALT series 2007-HY2, class I-A-1) which represents beneficial ownership interest in a pool of primarily one- to four-family, first lien residential mortgage loans.
2008-02-22 02:12:00 -
The First of Long Island Corporation Announces 2007 Earnings Increase
MSN MoneyCentral - The loan categories with the most significant growth were commercial mortgages which were up $31.4 million, or 22.7%, traditional residential mortgage loans which were up $21.2 million, or 12.2%, and home equity loans which were up by $14.9 million ...
2008-02-22 07:53:00 -
Ore. House OKs Mortgage Reform Bill
Forbes - Further, mortgage brokers would have to clearly disclose all terms, fees and costs associated with the loans they are providing. Three Republicans joined with the majority Democrats to support the bill, Reps.
2008-02-22 09:47:00 -
Vestin Realty Mortgage I, Inc. Declares Monthly Dividend of $0.041 Per ...
Forbes - Vestin Realty Mortgage I, Inc. is a real estate investment trust ("REIT") that invests in commercial real estate loans. As of September 30, 2007, Vestin Realty Mortgage I, Inc. had assets of over $63 million.
2008-02-20 03:54:00 -
Astoria to present on "high-cost liabilities"
Newsday - ... Jan. 25 amendment to the bank's annual report that said the "slow down in the housing market had not had a discernable negative impact on our loan loss experience," and that there had not been a substantial increase in defaults on mortgage loans.
2008-02-22 08:00:00 -
Foreclosure auctioneer's lonely task
MSNBC - WASHINGTON - With an unhurried stride and a fresh stack of mortgage loans gone bad, Rick Crossley arrived at the small plaza outside the Prince William County courthouse on a bright, windy morning recently and found it deserted. He cleared his throat ...
2008-02-22 07:17:00 -
A good deal in bad times A good deal in bad times
Worcester Telegram & Gazette - Many short sellers are in default of the mortgage loans and are in the crosshairs of foreclosure. For those who purchased homes at the peak of the housing bubble, they may owe more than what the home is currently worth.
2008-02-24 01:24:00 -
Last 125% mortgage offer is scrapped
The Independent - The 125 per cent mortgage was rendered extinct yesterday as the final lender withdrew from the market. Birmingham Midshires, owned by the Halifax, became the sixth mortgage lender this week to stop offering loans worth more than the value of a ...
2008-02-22 04:06:00 -
Political candidates push economic fallacies
Detroit News - Just as blacks are turned down for mortgage loans more often than whites, so whites are turned down more often than Asian Americans. (What does that do to racism as an all-purpose explanation?
2008-02-24 04:44:00 -
In U.S. mortgage mess, government wrestles with question of bailout ...
International Herald Tribune - The mortgage lenders, or the investors who bought mortgage-backed securities, would be free of the bad loans but would still have to book their losses.
2008-02-24 04:01:00 -
Fed cuts, yet some rates go higher
Buffalo News - The spread between jumbo mortgages and conforming mortgage loans, which are backed by Fannie Mae and Freddie Mac, has widened to around 1.2 percentage points, well above the typical spread ranging from a quarter to three-eighths of a percentage point ...
2008-02-24 03:54:00