Mortgage News Nov 2007

Nov 2008 | Oct 2008 | Sep 2008 | Aug 2008 | Jul 2008 | Jun 2008 | May 2008 | Apr 2008 | Mar 2008 | Feb 2008 | Jan 2008 | Dec 2007 | Nov 2007 | Oct 2007 | Sep 2007 | Aug 2007 | Jul 2007 | Jun 2007 | May 2007 | Apr 2007 | Mar 2007 | Feb 2007 | Jan 2007 | Dec 2006 | Nov 2006 | Oct 2006 | Sep 2006 | Aug 2006 | Jul 2006 | Jun 2006 | May 2006 | Apr 2006 | Mar 2006 | Feb 2006

Previous 1 2 3 4 5 6 7 8 Next

Peru Plans First Mortgage Bond Sale as Investors Shun the Debt
Nov. 16 (Bloomberg) -- Peru, unfazed by the global fallout of the mortgage bond market, will sell the notes to investors for the first time by March on a bet that surging home demand may help overcome investors' skepticism. (Fri, 16 Nov 2007 16:45:50 GMT)

Ore. Mortgage Reform Headed for Ballot
A broad effort to curb abuses in Oregon's mortgage lending industry may land on the 2008 ballot, with consumer advocates and industry representatives seemingly deadlocked on a proposed legislative package. (Fri, 16 Nov 2007 17:58:06 GMT)

Senate Banking chairman plans mortgage reform bill after Thanksgiving
WASHINGTON (Thomson Financial) - The chairman of the Senate Banking Committee said today he would introduce his own mortgage lending reform bill after Thanksgiving, but said the bill could be scaled back or even withdrawn altogether if the Federal Reserve is willing to crack down on unfair or deceptive lending practices through new regulations. (Fri, 16 Nov 2007 19:00:05 GMT)

Traders wary of Fannie Mae's mortgage math
Fannie Mae executives on Friday defended a change in the way the mortgage finance company calculates losses on home loans, responding to analysts’ concerns as its stock price fell. (Fri, 16 Nov 2007 19:00:08 GMT)

(AFX UK Focus) 2007-11-16 18:49 GMT: Senate Banking chairman plans mortgage reform bill after Thanksgiving
WASHINGTON (Thomson Financial) - The chairman of the Senate Banking Committee said today he would introduce his own mortgage lending reform bill after Thanksgiving, but said the bill could be scaled back or even withdrawn altogether if the Federal Reserve is willing to crack down on unfair or deceptive lending practices through new regulations. (Fri, 16 Nov 2007 19:23:33 GMT)

Huntington sees surprise loss from mortgage client
Huntington Bancshares Inc , a large U.S. Midwest regional bank, projected a surprise fourth-quarter loss because of its exposure to a troubled client's mounting mortgage losses, sending its shares down Friday as much as 10.5 percent to a six-year low. (Fri, 16 Nov 2007 20:38:08 GMT)

Standard Life lifts mortgage rate
Standard Life Bank is increasing its standard variable mortgage rate for all customers to reflect the squeeze on credit. It is the first example of a mainstream lender raising its standard rate following this summer's credit squeeze. (Fri, 16 Nov 2007 20:40:10 GMT)

Skeptical analysts question Fannie Mae mortgage-loss calculations
Fannie Mae executives today defended a change in the way the mortgage finance company calculates losses on home loans, responding to analysts'... (Fri, 16 Nov 2007 21:13:01 GMT)

Sector Glance: Mortgage Insurers
Shares of mortgage insurers closed mostly lower Friday amid continued concern about deteriorating credit quality. Stocks in the mortgage insurance sector have been battered this year. (Fri, 16 Nov 2007 21:20:29 GMT)

'Mortgage fraud schemer' gets 2 years
The head of a mortgage fraud scheme that costs lenders more than $400,000 was sentenced Friday to two years in federal prison. (Fri, 16 Nov 2007 21:56:06 GMT)

Fannie shares fall; execs defend math for mortgage loss
Fannie Mae executives on Friday defended a change in the way the mortgage finance company calculates losses on home loans, responding to analysts' concerns as its stock price fell. (Fri, 16 Nov 2007 21:58:28 GMT)

Mortgage bankers go back to basics
Mortgage bankers are eagerly going back to basics before Congress makes them. (Sat, 17 Nov 2007 01:52:24 GMT)

House OKs mortgage reform
WASHINGTON — The House approved mortgage reform and anti-predatory lending legislation aimed at addressing the subprime-lending crisis that has disrupted world financial markets. (Sat, 17 Nov 2007 04:20:00 GMT)

India Unitech owners plan home loan business-paper
MUMBAI, Nov 17 - The owners of India's second-largest listed real estate firm, Unitech Ltd , plan to set up a non-banking finance unit to sell home loans in the fast expanding market, the Mint newspaper said on Saturday. (Sat, 17 Nov 2007 05:29:32 GMT)

Mortgage bankers go back to basics
Mortgage bankers are eagerly going back to basics before Congress makes them. (Sat, 17 Nov 2007 05:37:34 GMT)

Papers focus on mortgage warning
Homeowners are warned about potential problems with their mortgage interest rates in the papers. (Sat, 17 Nov 2007 06:23:59 GMT)

Papers focus on mortgage warning
Homeowners are warned about potential problems with their mortgage interest rates in the papers. (Sat, 17 Nov 2007 06:27:13 GMT)

3 men face charges in mortgage scheme
Three Sumner County men face federal charges in connection with a mortgage fraud scheme to buy high-priced homes in Gallatin and Hendersonville, the U.S. attorney's office announced Friday. (Sat, 17 Nov 2007 08:00:28 GMT)

Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt." (Sat, 17 Nov 2007 08:13:44 GMT)

No. 2 mortgage lender Wells Fargo says: Show us the money to tap equity
Wells Fargo, the nation's No. 2 mortgage lender, will require more home-equity borrowers to verify their income, ending a less-stringent policy that contributed to a 35% jump in third-quarter credit losses. (Sat, 17 Nov 2007 09:11:52 GMT)

Mortgage help is available
Brad Roae is a state representative from the Sixth District. Q. Is there help available for homeowners having trouble making their mortgage payments? (Sat, 17 Nov 2007 09:29:43 GMT)

Huntington reports losses from mortgage industry
Columbus- Huntington Bancshares Inc. said Friday that it will take up to a $300 million charge in the fourth quarter stemming from a mortgage-backed investment, becoming the latest bank to report losses from the troubled mortgage industry. (Sat, 17 Nov 2007 09:39:29 GMT)

House passes bill to get tougher on subprime mortgage lenders
WASHINGTON - With home foreclosures skyrocketing, the House on Thursday voted to crack down on mortgage lenders by forcing them to get licenses, making them responsible for discovering whether borrowers can really repay and fining them for steering people toward risky subprime loans. (Sat, 17 Nov 2007 10:30:43 GMT)

Mortgage lending bill facing foes in Congress White House, opponents in Senate critical of House version
WASHINGTON — A House bill aimed at protecting borrowers from abusive home loans faces a tougher future in the Senate amid opposition by the mortgage industry and criticism from the White House. (Sat, 17 Nov 2007 10:58:08 GMT)

Mortgage holders turn against govt: poll
Mortgage holders are set to give the coalition government a lashing, with a new poll showing debt-burdened homeowners are turning to Labor. (Sat, 17 Nov 2007 11:36:11 GMT)

Why Now is a Good Time to Refinance Your ARM Loan
(ARA) - With gas prices in a state of constant flux, and energy costs going up and down too, the last thing you want to happen is for your mortgage to start fluctuating too. But if you have an adjustable rate mortgage (ARM), it will soon happen. (Sat, 17 Nov 2007 12:37:08 GMT)

Agents see gentle housing slowdown
LONDON (Reuters) - House prices are set to ease further next year but interest rate cuts will help to soothe mortgage refinancing concerns and keep a lid on distressed selling, leading estate agents said on Friday. (Sat, 17 Nov 2007 12:49:51 GMT)

Don't get caught losing your home and retirement fund
You're barely keeping up with the mortgage as it is. Now the interest rate on your adjustable-rate loan is about to reset higher. (Sat, 17 Nov 2007 13:16:49 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Sat, 17 Nov 2007 13:36:50 GMT)

Fixed-rate mortgage holders are in for a rude awakening when their deals run out
be in for a shock: their monthly mortgage payments will jump when they come to the end of cheap two-year fixes. (Sat, 17 Nov 2007 18:16:28 GMT)

Refinance Now to Avoid your ARM rate Increase
(ARA)- The effects of refinancing your mortgage can be dramatic, since it's a tool you can use to improve your financial situation. To take best advantage of it, look at where you are and assess your needs. Then explore the market. (Sat, 17 Nov 2007 19:51:45 GMT)

Mortgage holders turn against govt: poll
Mortgage holders are set to give the coalition government a lashing, with a new poll showing debt-burdened homeowners are turning to Labor. The Taverner poll published in Fairfax newspapers, found that Labor had built up a 14 per cent lead on a two-party preferred basis. (Sat, 17 Nov 2007 21:09:23 GMT)

As Owners Feel Mortgage Pain, So Do Renters
In the growing foreclosure crisis, thousands of families who rent their homes face eviction when owners default on their mortgages. (Sat, 17 Nov 2007 21:25:39 GMT)

Mortgage holders turn against govt: poll
Mortgage holders are set to give the coalition government a lashing, with a new poll showing debt-burdened homeowners are turning to Labor. The Taverner poll published in Fairfax newspapers, found that Labor had built up a 14 per cent lead on a two-party preferred basis. (Sat, 17 Nov 2007 22:06:37 GMT)

Risk to mortgage insurers grows
MILWAUKEE — As the housing market crumbles, homeowners are worried about mortgage payments and sellers are worried about slumping prices — but the companies that insure their loans are worrying about their very survival in the face of billions of dollars in claims. (Sat, 17 Nov 2007 23:45:25 GMT)

Homeowners entangled in loan scheme
By all appearances, Aaron Wider is the chief executive of a flourishing mortgage bank in Garden City, issuing more than $33 million in home loans to buyers across Nassau and Suffolk counties over the past four years. (Sun, 18 Nov 2007 00:32:44 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Sun, 18 Nov 2007 02:21:35 GMT)

Federal Reserve rate cuts do not always translate into lower mortgage rates
The Federal Reserve has cut rates again. Does that mean mortgage rates will automatically go down? (Sun, 18 Nov 2007 05:57:02 GMT)

Risk to mortgage insurers grows
MILWAUKEE — As the housing market crumbles, homeowners are worried about mortgage payments and sellers are worried about slumping prices — but the companies that insure their loans are worrying about their very survival in the face of billions of dollars in claims. (Sun, 18 Nov 2007 06:19:56 GMT)

Mortgage fraud cases yield tough sentences
As the meltdown of the subprime mortgage market plays itself out in Houston, prosecutors are getting some stiff sentences fighting fraud that grew from weaknesses in the industry. At the Harris County District Attorney's Office, the consumer-fraud section has multiple cases, and the major-fraud section has about half its resources in mortgage fraud cases. (Sun, 18 Nov 2007 06:44:12 GMT)

Home Loan U Offers Free Refinancing Tips
(ARA) - As the drum beat of news continues about the credit crunch in the mortgage market, millions of homeowners are worried about their adjustable-rate mortgages that will adjust to higher interest rates, leaving many struggling to make their payment. (Sun, 18 Nov 2007 06:51:37 GMT)

Dave Pauley joins mortgage company
Dave Pauley, a loan officer with more than 30 years of home finance experience, has joined Neighborhood Mortgage. Most recently Pauley managed the local branch of First Horizon, which recently discontinued operations in Bellingham and closed the office. (Sun, 18 Nov 2007 08:03:32 GMT)

Tough to get out of mortgage insurance
Question: We purchased our home in July with a significant down payment, but less than the 20 percent (particularly after closing costs) required to avoid mortgage insurance. (Sun, 18 Nov 2007 08:28:55 GMT)

Mortgage crisis: Pain or gain for credit cards?
The avalanche that began months ago with struggling homeowners missing mortgage payments rumbled through Wall Street again last week, dragging prices down in a volatile three-week skid. (Sun, 18 Nov 2007 08:59:19 GMT)

Amlak to Offer Leading Islamic Mortgage Finance Solutions in Jordan
Amlak to Offer Leading Islamic Mortgage Finance Solutions in Jordan (Sun, 18 Nov 2007 10:04:04 GMT)

Consumer loan and savings rates
Consumer Loan And Savings Rates A sampling of financial institutions was asked to quote the most recent lowest annual percentage rates they would charge a new loan customer with an annual income from $30,000 to $35,000 and good credit standing. (Sun, 18 Nov 2007 10:12:19 GMT)

Auto Loan Refinance to Reduce Monthly Payments
(ARA) - If high gas prices coupled with a big monthly car payment have you thinking that it might be time to trade in your truck or SUV, you'll be happy to know there is an alternative. (Sun, 18 Nov 2007 10:22:42 GMT)

Auto Loan Refinance = Lower Payments
(ARA) - It is not uncommon for car owners to find themselves in a situation where their car payments become a bigger financial drain than they anticipated. This can happen for many different reasons: job loss, sudden unexpected expenses, or simply because the car payments aren't in line with income. (Sun, 18 Nov 2007 10:22:52 GMT)

How to Determine if it's Time to Refinance
(ARA) - Who wouldn't enjoy a break on their monthly mortgage payment? On the other hand, how can you be sure the timing is right to refinance? Are the rates and the current mortgage market the best indicators? (Sun, 18 Nov 2007 10:38:02 GMT)

Think You're Paying Too Much on Your Car Loan?
(ARA) - You have probably heard of auto refinance before. Or simply refinance. The term actually refers to a financial situation wherein a borrower finds financing to pay off a current loan. (Sun, 18 Nov 2007 11:37:51 GMT)

Why Now is a Good Time to Refinance Your ARM Loan
(ARA) - With gas prices in a state of constant flux, and energy costs going up and down too, the last thing you want to happen is for your mortgage to start fluctuating too. But if you have an adjustable rate mortgage (ARM), it will soon happen. (Sun, 18 Nov 2007 11:38:29 GMT)

Struggling mortgage payers get guidance
Advice on avoiding foreclosure, refinancing mortgages, selling homes and spotting scams was offered Saturday at a housing forum sponsored by The Bee. (Sun, 18 Nov 2007 11:40:38 GMT)

Refinance Your Auto Loan and Ease a Tight Budget
(ARA) - Living from paycheck to paycheck can be very stressful when unexpected emergency situations happen. You have to squeeze some extra money out of your budget, but where is it going to come from? (Sun, 18 Nov 2007 11:52:41 GMT)

Understanding your home as a long-term financial investment
Generally a person's home is their largest asset. Real estate is the way that the common person can become wealthy. This happens over time. Real estate is considered a long tem investment. Owning a home is a forced saving account in that with every payment you make you are slowly building equity. Over time, the monthly pay down of the loan and the market appreciation of the home creates wealth ... (Sun, 18 Nov 2007 12:19:53 GMT)

Find the Best Deal on Refinancing Your Home
(ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change? (Sun, 18 Nov 2007 12:52:52 GMT)

National mortgage crisis hurts renters too
In the world of economics, just about everything has a ripple effect. So it shouldn't be a big surprise that the mortgage crisis, with the attendant foreclosures, is hurting renters too. When a landlord loses a house due to foreclosure, it means his or her renter is out too. (Sun, 18 Nov 2007 13:02:44 GMT)

Samaritan Hospice, PHH Mortgage help preserve memories
For the sixth consecutive year, Samaritan Hospice on Eves Drive in Evesham and PHH Mortgage on Bishop Gate Boulevard in Mount Laurel have partnered to serve up holiday meals for 100 families in South Jersey. (Sun, 18 Nov 2007 13:03:37 GMT)

Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt." (Sun, 18 Nov 2007 13:13:44 GMT)

Get Extra Cash By Refinancing Your Car
(ARA) - Sometimes life throws you a curve ball. The water heater springs a leak, your son breaks a tooth or you need a plane ticket to visit a sick relative. These unplanned expenses add up and if you don't have savings to cover them, where will the extra payments come from? (Sun, 18 Nov 2007 13:13:54 GMT)

Why Mortgage Life Insurance is Not a Good Idea
(ARA) - If you've recently taken out a mortgage, brace yourself for the onslaught. Before you even finish unpacking, your mailbox will likely be filled with offers for all kinds of services. (Sun, 18 Nov 2007 14:52:51 GMT)

Refinance Now to Avoid your ARM rate Increase
(ARA)- The effects of refinancing your mortgage can be dramatic, since it's a tool you can use to improve your financial situation. To take best advantage of it, look at where you are and assess your needs. Then explore the market. (Sun, 18 Nov 2007 14:53:12 GMT)

Risk to mortgage insurers grows
MILWAUKEE — As the housing market crumbles, homeowners are worried about mortgage payments and sellers are worried about slumping prices — but the companies that insure their loans are worrying about their very survival in the face of billions of dollars in claims. (Sun, 18 Nov 2007 15:00:41 GMT)

Concerns over mortgage debt likely to dog stock markets this week
TORONTO - Stock markets are likely in for more volatility this week as writedowns of securities rooted in the collapsing U.S. subprime mortgage market erode confidence. (Sun, 18 Nov 2007 16:53:00 GMT)

Bills Piling Up? Refinancing Your Car Puts Extra Cash In Your Pocket
(ARA) - Sometimes life throws you a curve ball. The water heater springs a leak, your son breaks a tooth or you need a plane ticket to visit a sick relative. These unplanned expenses add up and if you don't have savings to cover them, where will the extra payments come from? (Sun, 18 Nov 2007 16:53:31 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Sun, 18 Nov 2007 17:22:41 GMT)

Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt." (Sun, 18 Nov 2007 20:21:36 GMT)

Legacy hosts mortgage program
Legacy Banks will host a free Mortgage Pre-Approval Program for those interested in learning what type of home they can afford to purchase. The session will be held from 5 to 7 p.m. on Wednesday, Nov. 28 at the Legacy Financial Center, 99 North St. (Sun, 18 Nov 2007 21:02:40 GMT)

Fire Damages Home In Urbana
A home in Urbana is heavily damaged by fire Sunday afternoon. (Mon, 19 Nov 2007 04:42:00 GMT)

Mom's credit score hurt over son's car loan
I have a huge problem and I am livid. Two years ago, my son (who had recently graduated from college) couldn't qualify for a car loan because he had no credit history to speak of. So I signed the papers, too, but made sure the car was only in his name. (Mon, 19 Nov 2007 05:09:49 GMT)

Investment Trends: Some bright lights in battered mortgage insurance stocks
The subprime-driven implosion in residential real estate has most investors shunning anything related with housing. (Mon, 19 Nov 2007 05:20:29 GMT)

Mortgage resets will cause pain
Thousands of real estate agents were whooping it up in Las Vegas last week, so potential home buyers could not jump off the fence of indecision, even if they wanted to. Which, mostly, they didn't. (Mon, 19 Nov 2007 05:25:32 GMT)

Home sales mired in jumbo loan slowdown
Orange County's median price down 8.2 percent from a year ago due to fewer high-dollar transactions. (Mon, 19 Nov 2007 05:45:15 GMT)

Mortgage firms weather storm
The tightening of credit for home buyers and the subsequent drop-off in home sales is hurting many residential mortgage lenders, but the market downturn hasn't gotten to the point of significant, widespread layoffs in the Memphis area. (Mon, 19 Nov 2007 05:51:10 GMT)

Selling or refinancing mortgage for Binsfeld Center gets support
The Leland Township Board has given the green light to the Benzie-Leelanau District Health Department Board to refinance its mortgage or sell the Connie Binsfeld Resource Center in Lake Leelanau. (Mon, 19 Nov 2007 06:15:46 GMT)

Kansas bank increasing its local mortgage presence
A Kansas bank is making significant inroads into the Twin Cities' mortgage market. (Mon, 19 Nov 2007 06:24:15 GMT)

State barks at mortgage servicers over reluctance to back compact
The state's foreclosure mess is turning into a battleground where state officials and the mortgage industry seem unwilling to give an inch. (Mon, 19 Nov 2007 06:24:57 GMT)

Members flock to credit unions as loans go bad
RALEIGH - Trouble in the home mortgage business isn't spelling doom and gloom for credit unions, where some members are looking to refinance troublesome adjustable rate loans they got from other lenders. (Mon, 19 Nov 2007 06:25:49 GMT)

Mortgage mania persists with aggressive loans
Less than a year into a deep mortgage slump caused by unprecedented loose lending standards, exotic and potentially risky mortgage types are creeping back into the local market. (Mon, 19 Nov 2007 06:28:51 GMT)

Mortgage meltdown changes playing field
Survivors are emerging in South Florida's battered residential mortgage industry, and they expect to increase their market share when a recovery begins. (Mon, 19 Nov 2007 06:30:41 GMT)

Loss of Mortgage Client Hits WNS
Indian BPO firm WNS Holdings reported a 34% increase in revenue for its second fiscal quarter, up to $115.6m, but the company saw its year-ago profits turn into a loss due to the loss of one of its clients, mortgage lender First Magnus Financial. (Mon, 19 Nov 2007 06:44:19 GMT)

Northern Rock plunges on cut-price bids
Northern Rock on Monday warned shareholders that offers for the stricken mortgage lender were "materially below" its current share price, as the UK government indicated it would favour the bid that requires the least support from the authorities. (Mon, 19 Nov 2007 08:40:15 GMT)

Dubai may buy into US banks after mortgage crisis
DUBAI, Nov 19 - The Dubai government agency that bought into Deutsche Bank this year said on Monday it was considering investing in U.S. financial services firms affected by the mortgage-market crisis. (Mon, 19 Nov 2007 08:46:25 GMT)

Kidnapped, rescued, dead on way back home
Hyderabad, Nov 19 (IANS) A printing press owner kidnapped and held in captivity for three days was rescued by the police but in a strange turn of fate died, of suspected heart stroke due to stress in captivity, while being escorted back home. (Mon, 19 Nov 2007 10:05:37 GMT)

Mortgage fees paying off
MALONE -- Franklin County townships and villages will share more than $410,000 in fees generated since April from mortgages filed with the County Clerk's Office. (Mon, 19 Nov 2007 10:54:58 GMT)

The Home Buying Process: Step by Step
(ARA) - Buying a home can be a very intimidating process, especially if you've never done it before. So the first thing you should do before you start is to figure out whether owning a home is right for you. (Mon, 19 Nov 2007 11:08:04 GMT)

What should loan officers' duties be?
Should a loan officer's responsibility to customers be akin to a Realtor? A lawyer? An investment adviser? A used-car salesman? (Mon, 19 Nov 2007 11:17:46 GMT)

Husband, wife discover they are in a mortgage nightmare
Carrie and David England aren't exactly greenhorns when it comes to handling greenbacks. (Mon, 19 Nov 2007 11:17:56 GMT)

Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt." (Mon, 19 Nov 2007 11:22:42 GMT)

Impac Mortgage Holdings, Inc. Provides Market Update
Impac Mortgage Holdings, Inc. , or the "Company," a Maryland corporation, being taxed as a real estate investment trust , announces that on November 13, 2007 it filed a Form 12b-25 with the Securities and Exchange Commission to provide notification that it will be filing its Form 10-Q for the quarter ended September 30, 2007 late because the Company needs more time to properly record and ... (Mon, 19 Nov 2007 11:30:00 GMT)

Swiss Re Marks Down $1 Billion on Subprime Mortgage Devaluation
Even the world's largest reinsurer isn't immune to the subprime mortgage crisis. Swiss Re announced that "following completion of its October performance reporting," it is now obliged to report a "CHF (Mon, 19 Nov 2007 11:35:18 GMT)

Bad Credit and Home Refinance
(ARA) - Mortgage rates are at historic lows, and it seems like everyone's jumping on the refinance bandwagon these days. But is it really a good idea for people with bad credit? (Mon, 19 Nov 2007 11:43:34 GMT)

Use Auto Refinancing to Ease the Family Budget
(ARA) - With gas prices at an all-time high and no relief in site, families are finding it necessary to cut back their spending on other items in order to fill up the car's tank. It's reported that gas prices could exceed $4 per gallon this summer. (Mon, 19 Nov 2007 11:52:42 GMT)

Find the Best Deal on Refinancing Your Home
(ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change? (Mon, 19 Nov 2007 12:07:56 GMT)

Impac Plans to `Significantly' Increase Loan-Loss Provisions
Nov. 19 (Bloomberg) -- Impac Mortgage Holdings Inc. said it will ``significantly'' increase its loan-loss provisions. (Mon, 19 Nov 2007 12:12:21 GMT)

Refinance Your Adjustable Rates Today
(ARA) - As the old saying goes "a man's home is his castle." The benefits of owning a home are many, including financial security. While a home mortgage is good for your financial stability, refinancing for a better mortgage than you originally qualified for can benefit your finances even more. (Mon, 19 Nov 2007 12:22:54 GMT)

Home form concerns Swans
ansea City boss Roberto Martinez has admitted to being concerned by his side's inconsistent performances at home this season in League One. (Mon, 19 Nov 2007 12:48:00 GMT)

Northern Rock shares plunge on weak bids
British government also says it can't guarantee that potential buyer of U.K. mortgage lender would have access to Bank of England's emergency loan facility. (Mon, 19 Nov 2007 13:16:00 GMT)

Teen Stabbed To Death Outside Home
A 16-year-old boy is stabbed to death outside his home. (Mon, 19 Nov 2007 15:06:20 GMT)

Markets sink on U.S. mortgage news
Stock markets were in the red Monday morning as investors digested more bad news connected with the contracting U.S. housing sector and securitized mortgage loans that have gone bad. (Mon, 19 Nov 2007 15:31:09 GMT)

Refinance Your Auto Loan and Ease a Tight Budget
(ARA) - Living from paycheck to paycheck can be very stressful when unexpected emergency situations happen. You have to squeeze some extra money out of your budget, but where is it going to come from? (Mon, 19 Nov 2007 16:24:04 GMT)

Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt." (Mon, 19 Nov 2007 16:25:04 GMT)

DebtX to Sell $26 Million in South Florida Home Loans
DebtX, one of the nation's largest loan sale advisors for commercial debt, will sell $26 million in foreclosed home loans secured by properties in suburban Fort Myers, Florida on December 13, 2007. (Mon, 19 Nov 2007 16:37:00 GMT)

Why Now is a Good Time to Refinance
(ARA) - If you're a homeowner, the recent drop in interest rates has opened up the possibility of big savings on your monthly payments. (Mon, 19 Nov 2007 17:21:35 GMT)

Freddie, Fannie sink on mortgage worries
Analysts downgrade both companies which are expected to take bigger hits from mortgage defaults. (Mon, 19 Nov 2007 17:46:00 GMT)

M&I discloses exposure to troubled mortgage lender
Marshall & Ilsley Corp. disclosed today that it has $282 million in total credit exposure to Franklin Credit Management Corp., a troubled New York-based residential mortgage company, and its Tribeca Lending Corp. subsidiary. (Mon, 19 Nov 2007 17:51:37 GMT)

Mortgage insurers in steep slump amid housing market concerns
NEW YORK (Thomson Financial) - Shares of mortgage insurance companies slumped Monday amid increasing concerns over continued deterioration in the housing market. (Mon, 19 Nov 2007 18:56:20 GMT)

US STOCKS-Nasdaq slides 2 pct on mortgage worry
NEW YORK, Nov 19 - U.S. stocks tumbled on Monday, sending the Nasdaq down more than 2 percent, as uncertainty about the extent of mortgage losses and the impact of the housing slump on the economy rattled investors. (Mon, 19 Nov 2007 19:13:27 GMT)

Nasdaq slides 2 percent on mortgage worry
Stocks tumbled on Monday, sending the Nasdaq down more than 2 percent, as uncertainty about the extent of mortgage losses and the impact of the housing slump on the economy rattled investors. (Mon, 19 Nov 2007 19:14:30 GMT)

Sector Snap: Mortgage Insurers
Mortgage insurers continued to plunge Monday as a major insurer reported steep costs for protecting debt and an analyst predicted Citigroup Inc. will write off a big chunk of its portfolio over the next six months. (Mon, 19 Nov 2007 19:34:37 GMT)

U.K. faces unappealing choices on Northern Rock
The troubled British mortgage lender has received disappointing bids, which means, analysts say, that may have to nationalize it or sell it cheaply. (Mon, 19 Nov 2007 19:49:16 GMT)

Northern Rock disappointed with bids
Shares in Northern Rock PLC, Britain's biggest casualty of the global credit squeeze, plunged more than 20 percent Monday after the stricken mortgage lender revealed that potential rescue bids were significantly below its current share price. (Mon, 19 Nov 2007 19:55:56 GMT)

November home builder sentiment at record low
Home builder sentiment stayed at a record low in November, weighed down by a record supply of unsold homes lingering on the market, an industry group said on Monday. (Mon, 19 Nov 2007 20:15:20 GMT)

US stocks fall on mortgage worries
US stocks fell overnight, after a brokerage downgrade of Citigroup sparked concerns that there may be more mortgage losses to come, raising doubts about the outlook for the economy. (Mon, 19 Nov 2007 20:33:00 GMT)

Bank of Montreal to pay Toronto land transfer tax for mortgage customers
Bank of Montreal announced today that it will pay the new City of Toronto land transfer tax on behalf of its customers when they arrange a mortgage by Feb. 29, 2008. (Mon, 19 Nov 2007 20:46:54 GMT)

Under Secretary for Domestic Finance Robert K. Steel Remarks at Senator Norm Coleman’s Housing Townhall Forum
Minneapolis, Minn .- I appreciate the invitation to be here today. It has been a privilege working with Senator Coleman in Washington. He has been highly focused on these mortgage issues and is working hard to help keep Minnesota homeowners in their homes. (Mon, 19 Nov 2007 20:47:14 GMT)

Capstead Mortgage "strong buy," estimates revised
NEW YORK, November 19 (newratings.com) - Analyst Steven C DeLaney of JMP Securities reiterates his "strong buy" rating on Capstead Mortgage Corp (ticker: CMO), while revising his estimates for the company. The target price is set to $15. (Mon, 19 Nov 2007 20:52:55 GMT)

Many home speculators face foreclosure: U.S. Treasury
Mortgage foreclosure is inevitable for many speculators who made bad bets on the U.S. housing market or buyers who are stretched well beyond their means over the next 18 months, a senior U.S. Treasury official said on Monday. (Mon, 19 Nov 2007 21:16:00 GMT)

Think You're Paying Too Much on Your Car Loan?
(ARA) - You have probably heard of auto refinance before. Or simply refinance. The term actually refers to a financial situation wherein a borrower finds financing to pay off a current loan. (Mon, 19 Nov 2007 21:22:51 GMT)

Why Now is a Good Time to Refinance
(ARA) - If you're a homeowner, the recent drop in interest rates has opened up the possibility of big savings on your monthly payments. (Mon, 19 Nov 2007 21:23:32 GMT)

Refinance Now to Avoid your ARM rate Increase
(ARA)- The effects of refinancing your mortgage can be dramatic, since it's a tool you can use to improve your financial situation. To take best advantage of it, look at where you are and assess your needs. Then explore the market. (Mon, 19 Nov 2007 21:24:01 GMT)

Steel: Mortgage Providers Must Be Clear
A top U.S. Treasury Department official Monday said mortgage providers must offer clear information on their products. The comment by Robert Steel, undersecretary for domestic finance, was included in a prepared text for a speech at a forum on mortgage financing. (Mon, 19 Nov 2007 21:38:19 GMT)

Mortgage woes could spread to cars
Rising delinquency rates on car and truck loans have some industry analysts concerned that subprime mortgage troubles could spill into the automotive finance business. (Mon, 19 Nov 2007 23:06:28 GMT)

Mortgage Woes Could Spread to Cars
DETROIT -- Rising delinquency rates on car and truck loans have some industry analysts concerned that subprime mortgage troubles could spill into the automotive finance business. (Mon, 19 Nov 2007 23:33:05 GMT)

Nationwide Mail Campaign Begins to Help At-Risk Homeowners in Mortgage Crisis
WASHINGTON (AP) - An alliance created to combat a rising flood of mortgage foreclosures began a nationwide mail campaign Monday, offering help to homeowners who may be having trouble meeting their mortgage payments. (Tue, 20 Nov 2007 00:38:59 GMT)

More Mortgage Damage Seen For Citi
Goldman Sachs predicts the bank may have to write off an additional $15 billion in mortgage losses. (Tue, 20 Nov 2007 00:56:02 GMT)

Mortgage Choice expects 10% EPS growth
Home loan broker Mortgage Choice Ltd expects earnings per share (EPS) growth of up to 10 per cent in the current year. (Tue, 20 Nov 2007 00:59:11 GMT)

Mortgage Choice expects 10 pct EPS growth
HOME loan broker Mortgage Choice expects earnings per share (EPS) growth of up to 10 per cent in the current year. (Tue, 20 Nov 2007 01:02:00 GMT)

City Files Suit Against Home Suspected In Drug Deals, Dog Fighting
The city of Milwaukee filed a public nuisance lawsuit against the landlord of a house near 35th and Locust streets Monday, and the man living there was arrested and the home boarded up. (Tue, 20 Nov 2007 01:55:06 GMT)

1 Shot In Tempe Home Invasion
A 48-year-old man is shot inside a house in Tempe during a home invasion while his 10-year-old daughter ran for safety, police say. (Tue, 20 Nov 2007 02:51:21 GMT)

A Swarm of Swindlers
Like vultures, the mortgage lenders began circling the single-family house with the tiny front lawn on Merrill Avenue. (Tue, 20 Nov 2007 04:25:59 GMT)

Asian Stocks Fall on U.S. Mortgage, Global Economy Concerns
Nov. 20 (Bloomberg) -- Asian stocks fell, led by banks and commodities companies, amid concern U.S. mortgage losses will spread and expansion in China will cool, crimping global growth and reducing demand for metals. (Tue, 20 Nov 2007 04:50:07 GMT)

Bradford & Bingley to Sell Loan Book to Dexia for $4.5 Billion
Nov. 20 (Bloomberg) -- Bradford & Bingley Plc, the U.K.'s biggest lender to landlords, agreed to sell a home loan portfolio to Dexia SA for 2.2 billion pounds ($4.5 billion). (Tue, 20 Nov 2007 07:39:48 GMT)

Rising auto loan default rate concerns analysts
Rising delinquency rates on car and truck loans have some industry analysts concerned that subprime mortgage troubles could spill into the automotive finance business. In a note to investors Monday, Lehman Brothers analyst Brian Johnson said his analysis of auto loan-backed securities sold by Ford Motor Credit Co. and GMAC Financial Services showed some higher delinquency rates for October and ... (Tue, 20 Nov 2007 08:07:24 GMT)

Mortgage worries hurt GM stock
Shares of General Motors Corp. fell 8.5% Monday, their largest drop in two years, on fears that vehicle sales will drop next year and that the crisis in the home-mortgage market will spill into auto-loans financing arms at both GM and Ford Motor Co. (Tue, 20 Nov 2007 08:36:32 GMT)

Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt." (Tue, 20 Nov 2007 09:16:42 GMT)

Use Auto Refinancing to Ease the Family Budget
(ARA) - With gas prices at an all-time high and no relief in site, families are finding it necessary to cut back their spending on other items in order to fill up the car's tank. It's reported that gas prices could exceed $4 per gallon this summer. (Tue, 20 Nov 2007 09:16:52 GMT)

Bradford & Bingley Sells $8.7 Billion Loan Portfolios (Update1)
Nov. 20 (Bloomberg) -- Bradford & Bingley Plc, the U.K.'s biggest lender to landlords, agreed to sell 4.2 billion pounds ($8.7 billion) of home and commercial property loans to improve liquidity and growth prospects. (Tue, 20 Nov 2007 09:19:52 GMT)

Paragon Groups shares plummet 46 percent
Shares in mortgage lender Paragon Group plummeted 46 percent in early trading Tuesday after it disclosed that it would not pay a dividend until it had secured a refinancing agreement. (Tue, 20 Nov 2007 09:28:21 GMT)

Mortgage woes hit hard for Hispanics
WASHINGTON -- Things did not turn out the way Gabriela Turnbaugh planned when she bought her first home in Sparks two years ago. Turnbaugh, who works in a warehouse for an electronics company, has struggled to hold on to her three-bedroom house ever since she bought it. (Tue, 20 Nov 2007 09:45:24 GMT)

Analysts fear mortgage crisis could affect auto loan business
Detroit- Rising delinquency rates on car and truck loans have some industry analysts concerned that subprime mortgage troubles could spill into the automotive finance business. (Tue, 20 Nov 2007 09:55:31 GMT)

Bradford & Bingley Sells $8.7 Billion Loan Portfolios (Update2)
Nov. 20 (Bloomberg) -- Bradford & Bingley Plc, the U.K.'s biggest lender to landlords, sold 4.2 billion pounds ($8.7 billion) of home and commercial property loans to improve cash flow as credit costs increase. (Tue, 20 Nov 2007 10:08:29 GMT)

Mortgage Firm Paragon Facing Cash Problems
Thousands of people across the UK could find it more difficult to get a buy-to-let mortgage in the coming months. The country's third biggest buy-to-let lender, Paragon, has admitted it is facing funding problems, sending its shares diving. (Tue, 20 Nov 2007 10:27:20 GMT)

Home loan workers face tough road ahead
Erica Baez once figured she had a great gig in the mortgage business. (Tue, 20 Nov 2007 11:05:40 GMT)

Credit crunch yet to dampen mortgage lending
Mortgage lending increased by 6% last month but tougher times lie ahead, Council of Mortgage Lenders says (Tue, 20 Nov 2007 11:12:14 GMT)

Analysts worry that mortgage woes could spread to auto loans
DETROIT (AP) -- Rising delinquency rates on car and truck loans have some industry analysts concerned that subprime mortgage troubles could spill into the automotive finance business. In a note to investors Monday, Lehman Brothers analyst Brian Johnson said his analysis of auto-loan-backed securities sold by Ford Motor Credit Co. and GMAC Financial Services showed some higher delinquency rates ... (Tue, 20 Nov 2007 11:52:15 GMT)

FTSE 250 movers: Refinancing fears at Paragon
It was a tale of two mortgage lenders in early dealings in London today, with Paragon Group's share price crashing after it revealed funding difficulties, while former building society Bradford & Bingley moved higher after offloading its entire housing association book. (Tue, 20 Nov 2007 12:00:05 GMT)

The Commercial Bank of Qatar successfully closes $800m term loan facility
The Commercial Bank of Qatar (Q.S.C.) is pleased to announce that it successfully closed a $800m term loan facility (the 'Facility') with a club of international banks. (Tue, 20 Nov 2007 12:04:07 GMT)

Mobile Home Destroyed In Riverside Fire
Firefighters said a mobile home was destroyed when flames tore through it early Tuesday morning. (Tue, 20 Nov 2007 12:57:08 GMT)

Loan guarantor Freddie Mac posts $2 billion loss
Freddie Mac set aside $1.2 billion in the third quarter to account for bad home loans and the company posted a $2 billion loss today amid a worsening mortgage crisis. (Tue, 20 Nov 2007 13:27:32 GMT)

Northern Rock hits all-time low
LONDON, England (AP) -- The roller coaster ride continued for battered mortgage lender Northern Rock Tuesday, with its shares tumbling 40 percent to an all-time low amid uncertainty about its future before some of those losses were pared as a potential new buyer for the entire business emerged. (Tue, 20 Nov 2007 13:46:48 GMT)

Previous 1 2 3 4 5 6 7 8 Next

---

Nov 2008 | Oct 2008 | Sep 2008 | Aug 2008 | Jul 2008 | Jun 2008 | May 2008 | Apr 2008 | Mar 2008 | Feb 2008 | Jan 2008 | Dec 2007 | Nov 2007 | Oct 2007 | Sep 2007 | Aug 2007 | Jul 2007 | Jun 2007 | May 2007 | Apr 2007 | Mar 2007 | Feb 2007 | Jan 2007 | Dec 2006 | Nov 2006 | Oct 2006 | Sep 2006 | Aug 2006 | Jul 2006 | Jun 2006 | May 2006 | Apr 2006 | Mar 2006 | Feb 2006

medical insurance | e real estate pro | auto donation | senior care site | online pet info | local plastic surgery | here | online lawyer | online gift resources | night clubs | click here | click here | useful mortgage resources | real estate online | home security guide | local plastic surgery | online bankruptcy attorneys | Business Tax | buy insurance | rehabilitation site | mortgage site | travel resources | law info | drug addiction recovery