Mortgage News Nov 2007
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
Bankrupt Mortgage Company Executive Expected To Plead Guilty
The owner of a bankrupt mortgage company is expected to plead guilty to mail fraud charges today in federal court in Harrisburg. (Wed, 28 Nov 2007 15:55:12 GMT)
Bear Stearns to Cut 650 Jobs Following Subprime Mortgage Losses
Nov. 28 (Bloomberg) -- Bear Stearns Cos., the biggest underwriter of U.S. mortgage bonds, will eliminate 650 jobs throughout the firm, bringing its fourth-quarter cuts to about 10 percent of its workforce amid losses on subprime home loans. (Wed, 28 Nov 2007 17:04:52 GMT)
Wells Fargo pours $1.4B into loan losses
Wells Fargo & Co. said Tuesday it will set aside $1.4 billion to bolster loan-loss reserves, largely because of losses from home equity loans. (WFC) (Wed, 28 Nov 2007 17:51:22 GMT)
Wells Fargo to take $1.4 billion special provision for loan losses
Wells Fargo said Tuesday it will set aside $1.4 billion to bolster loan-loss reserves, largely due to losses from home equity loans. (WFC) (Wed, 28 Nov 2007 18:17:22 GMT)
Bear Stearns to Cut 650 Jobs Amid Mortgage Losses (Update1)
Nov. 28 (Bloomberg) -- Bear Stearns Cos., the biggest underwriter of U.S. mortgage bonds, will eliminate 650 jobs in the firm's fourth round of cuts this year amid mounting losses on subprime home loans. (Wed, 28 Nov 2007 18:34:42 GMT)
Home loan disbursements may slow down in 2008
The slowdown in home loan growth would continue in 2007-08, with disbursements expected to grow at only 10 per cent, on the back of a subdued 18 per cent growth in 2006-07. (Wed, 28 Nov 2007 18:53:20 GMT)
Sub-prime mortgage meltdown causes run on state-managed investment fund
The nation's sub-prime mortgage crisis is prompting Florida cities, counties and agencies including Orange County and the Orange County School Board to pull billions of dollars out of a state-run investment fund. (Wed, 28 Nov 2007 20:33:47 GMT)
Mortgage meltdown continues to affect major players in Florida banking
Profits at the nation's banks hit a four-year low in the third quarter, as the mortgage meltdown continued to erode the bottom line at major financial institutions, according to regulatory date released today. (Wed, 28 Nov 2007 21:01:27 GMT)
Bear Stearns to Cut 650 Jobs Amid Mortgage Losses (Update2)
Nov. 28 (Bloomberg) -- Bear Stearns Cos., the biggest underwriter of U.S. mortgage bonds, will eliminate 650 jobs in the firm's fourth round of cuts this year amid mounting losses on subprime home loans. (Wed, 28 Nov 2007 21:42:31 GMT)
One couple's mortgage mess
A couple on Long Island thought they were home free, celebrating after 15 years of mortgage payments. But it turns out, instead of owning their home they still owe nearly $100,000 dollars. (Wed, 28 Nov 2007 22:30:37 GMT)
Analysts stunned by Wells Fargo's home equity loan problems
Wells Fargo's decision to set aside $1.4 billion as a special provision for anticipated loan losses in the riskiest portion of its home equity loans surprised analysts. (WFC) (Wed, 28 Nov 2007 22:30:40 GMT)
Mortgage Firm Owner Pleads Guilty
The owner of a shuttered mortgage business pleaded guilty Wednesday to a federal charge of mail fraud, two months after hundreds of his customers first realized they owed more on their mortgages than they previously believed. (Wed, 28 Nov 2007 23:17:19 GMT)
Man Gets 26 Years in Mortgage Fraud
A man who pleaded guilty to a mortgage fraud scheme that affected more than 100 people has been sentenced to more than 26 years in prison. (Thu, 29 Nov 2007 04:17:13 GMT)
Guilty plea in money laundering tied to mortgage fraud
A Kansas City man has pleaded guilty to conspiracy to commit money laundering in connection with a $14 million mortgage fraud that had preyed on lower-income homebuyers. (Thu, 29 Nov 2007 04:21:57 GMT)
Bear Stearns Lays Off 650 In Mortgage Crisis Move
Battered by the subprime mortgage crisis, Bear Stearns Cos. on Wednesday cut 4 percent of its staff in a move that could prelude a final push by investment banks to cull their ranks before bonuses are handed out. (Thu, 29 Nov 2007 05:07:47 GMT)
Federal storm, flood loan applications being taken
If that tree uprooted during the August storms crashed onto your home and you need a loan to help pay for the repairs, there is help. (Thu, 29 Nov 2007 06:27:16 GMT)
Federal storm, flood loan applications being taken
If that tree uprooted during the August storms crashed onto your home and you need a loan to help pay for the repairs, there is help. (Thu, 29 Nov 2007 06:33:39 GMT)
Mortgage broker pleads guilty
Wesley A. Snyder was visibly shaken and his voice cracked Wednesday as he waived his rights in federal court here, pleaded guilty to one count of mail fraud and admitted to engineering a mortgage scheme that defrauded more than 800 clients and investors of an estimated $29.2 million.About ... (Thu, 29 Nov 2007 06:52:24 GMT)
Quicken Loans Says FHA Loans Offer Consumers Choices Despite Tight Credit Market
Historically used by first-time homebuyers, the FHA loan is making a comeback and quickly gaining prominence among those looking to refinance as well, says Bob Walters, Chief Economist for Quicken Loans, one of the nation's largest mortgage lenders. The loan is attractive as it requires little equity, offers competitive rates and allows for cash-out refinancing. (Thu, 29 Nov 2007 07:01:00 GMT)
Quicken Loans Says FHA Loans Offer Consumers Choices Despite Tight Credit Market
Historically used by first-time homebuyers, the FHA loan is making a comeback and quickly gaining prominence among those looking to refinance as well, says Bob Walters, Chief Economist for Quicken Loans, one of the nation's largest mortgage lenders. The loan is attractive as it requires little equity, offers competitive rates and allows for cash-out refinancing. (PRWeb Nov 29, 2007) Post ... (Thu, 29 Nov 2007 08:31:43 GMT)
Berks mortgage firm owner pleads guilty to mail fraud
Wesley A. Snyder faces up to 30 years in jail for Ponzi scheme. The owner of a shuttered mortgage business pleaded guilty Wednesday to a federal charge of mail fraud, two months after hundreds of his customers first realized they owed more on their mortgages than they previously believed. (Thu, 29 Nov 2007 08:35:36 GMT)
Mortgage lenders move to reassure investors
Shares in Alliance & Leicester jumped 13 per cent in early London trading on Thursday as the mortgage lender revealed impairment charges that were lower than many had feared. (Thu, 29 Nov 2007 09:10:19 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. (Thu, 29 Nov 2007 09:17:20 GMT)
Kathleen Pender: Wells Fargo woes show breadth of mortgage meltdown
Here's more evidence that you can't call the mortgage crisis a subprime problem. On Tuesday, Wells Fargo said it will set aside $1.4 billion for home-equity loans it expects to go bad in 2008 and 2009. What it didn't say in its news release was that these are... (Thu, 29 Nov 2007 09:39:17 GMT)
Mortgage lenders rally after reassurance over funding, profit
LONDON (MarketWatch) -- Alliance & Leicester and Bradford & Bingley said Thursday they've been able to continue funding loans during the credit crisis and offered reassurance over profit forecasts for the year, lifting both U.K. mortgage banks' shares in London trading. (Thu, 29 Nov 2007 10:03:16 GMT)
Subprime mortgage meltdown causes run on state-managed investment fund
The nation's sub-prime mortgage crisis is prompting Florida cities, counties and agencies — including Palm Beach County public schools — to pull billions of dollars out of a state-run investment fund. (Thu, 29 Nov 2007 11:12:55 GMT)
UPDATE: Mortgage Lenders Surge After Reassuring Market Over Funding
LONDON (Dow Jones) -- Shares in U.K. mortgage banks Alliance & Leicester and Bradford & Bingley rallied sharply Thursday after the pair said they've been able to continue funding their loans during the credit crisis. (Thu, 29 Nov 2007 11:13:19 GMT)
Mortgage approvals fall sharply
UK mortgage appprovals fell to their lowest level in nearly three years in October while the rise in net mortgage lending was the smallest since July 2005, according to figures published on Thursday by the Bank of England. (Thu, 29 Nov 2007 11:20:10 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. (Thu, 29 Nov 2007 11:21:58 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. (Thu, 29 Nov 2007 11:22:07 GMT)
Mortgage approvals fall sharply
UK mortgage approvals fell to their lowest level in nearly three years in October while the rise in net mortgage lending was the smallest since July 2005, according to figures published on Thursday by the Bank of England. (Thu, 29 Nov 2007 11:28:44 GMT)
Mortgage approvals near 3-year low
Mortgage approvals in the UK have fallen to their lowest level in almost three years, data from the Bank of England showed Thursday. (Thu, 29 Nov 2007 11:30:06 GMT)
Bankrate: Credit Jitters Rattle Mortgage Rates
Fixed mortgage rates fell to the lowest level since March, with the average conforming 30-year fixed mortgage rate now 6.17 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.36 discount and origination points. (Thu, 29 Nov 2007 12:30:00 GMT)
U.K.'s Oct. Mortgage Lending Growth Eases, Approvals Fall
(RTTNews) - U.K.'s mortgage lending growth eased in October, government data showed Thursday. Meanwhile, loan approved for house purchases declined more than expected in October. (Thu, 29 Nov 2007 12:56:38 GMT)
Mortgage foreclosures up again in October
The number of mortgage foreclosure filings continued to rise in October as hundreds of thousands of Americans struggled with monthly payments they can’t keep up with. (Thu, 29 Nov 2007 13:30:08 GMT)
Mortgage mess meddlers
The majority-Democratic House of Representatives last week passed the ?Mortgage Reform and Anti-Predatory Lending Act... (Thu, 29 Nov 2007 13:45:14 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? (Thu, 29 Nov 2007 14:09:47 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." (Thu, 29 Nov 2007 14:10:48 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. (Thu, 29 Nov 2007 14:11:07 GMT)
U.S. mortgage rates tumble near two-year lows
CHICAGO (MarketWatch) -- U.S. fixed mortgage rates dropped near two-year lows in the week ending Thursday as data showing that housing market remains moribund helped keep interest rates in check, Freddie Mac said Thursday. (Thu, 29 Nov 2007 15:47:58 GMT)
Mortgage crunch
Bay County will lose $83 million in its ''gross metropolitan product'' next year, due in large part to the spiraling mortgage foreclosure crisis, according to a report presented this week in Detroit. (Thu, 29 Nov 2007 16:39:12 GMT)
Home prices plunge further
Goodbye, home equity. The median price for an existing home plunged by a record 5.1% in October, shrinking values back to March 2005 levels, as many buyers struggled to get financing, the National Association of Realtors said Wednesday. (Thu, 29 Nov 2007 16:42:21 GMT)
30-year mortgage rates at two-year low
The Freddie Mac mortgage survey said Thursday the 30-year fixed mortgage rates in the United States had fallen to their lowest level in more than two years. (Thu, 29 Nov 2007 16:53:13 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? (Thu, 29 Nov 2007 17:08:23 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? (Thu, 29 Nov 2007 17:08:43 GMT)
Analysts react to Wells Fargo's home equity loan problems
Wells Fargo's decision to set aside $1.4 billion as a special provision for anticipated loan losses in the riskiest portion of its home equity loans surprised analysts. (WFC) (Thu, 29 Nov 2007 18:15:34 GMT)
Bankrate: Credit Jitters Rattle Mortgage Rates
NEW YORK, Nov. 29 /PRNewswire-FirstCall/ -- Fixed mortgage rates fell to the lowest level since March, with the average conforming 30-year fixed mortgage rate now 6.17 percent. (Thu, 29 Nov 2007 18:43:00 GMT)
Paulson, lenders discuss extending intro rates
Treasury Secretary meets executives from loan servicing companies to discuss a plan to extend lower, introductory rates on home loans about to reset higher. (Thu, 29 Nov 2007 19:16:10 GMT)
Bankrupt Mortgage Company Owner Pleads Guilty
The owner of a bankrupt mortgage company pleaded guilty this afternoon to mail fraud charges in federal court in Harrisburg. (Thu, 29 Nov 2007 20:22:35 GMT)
Paulson Works With Industry on Loan Plan
Treasury Secretary Henry Paulson and federal banking regulators are working out the details of a plan to extend lower, introductory interest rates on home loans before they reset at higher levels. (Thu, 29 Nov 2007 20:58:43 GMT)
New mortgage deals: 'Offset' loans
Question: I've heard that American lenders are now offering something called an offset mortgage, which is popular in the U.K. Do you think this is a good deal? - Jeffrey S. Kallas, Columbus, Ohio (Thu, 29 Nov 2007 21:16:00 GMT)
Mortgage crisis hits home for troops, vets - Army News, opinions, editorials, news from Iraq, photos, reports - Army ...
CHULA VISTA, Calif. — Air Force veteran Nellie Cooper thought she was following good advice when she refinanced her home’s mortgage with an adjustable-rate loan. For the self-employed real estate agent, it seemed smart. (Thu, 29 Nov 2007 22:18:07 GMT)
30-year mortgage rates drop
Mortgage rates fell sharply this week with rates on 30-year mortgages dropping to the lowest level in more than two years. (Thu, 29 Nov 2007 22:50:30 GMT)
Paulson Works With Industry on Loan Plan
WASHINGTON -- Treasury Secretary Henry Paulson and federal banking regulators are working out the details of a plan to extend lower, introductory interest rates on home loans before they reset at higher levels. (Thu, 29 Nov 2007 22:57:19 GMT)
30-Year Mortgage Rates Drop
WASHINGTON -- Mortgage rates fell sharply this week with rates on 30-year mortgages dropping to the lowest level in more than two years. (Thu, 29 Nov 2007 23:06:48 GMT)
30-Year Mortgage Rates Drop
Mortgage rates fell sharply this week with rates on 30-year mortgages dropping to the lowest level in more than two years. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.10 percent. That was down from... (Thu, 29 Nov 2007 23:22:58 GMT)
Before new home is finished, mortgage woes strike
WASHINGTON (MarketWatch) -- Question: My husband and I signed a contract with a publicly traded builder and our home is scheduled to close this December. We were very nervous about signing the contract in June and asked that if the mortgage was too much for us, what would they do? (Fri, 30 Nov 2007 01:02:46 GMT)
Banks Pay the Price for Risky Mortgage Bets
Major banks are suffering enormous losses on investments tied to home mortgages. For years, Wall Street made handsome returns betting on mortgage-backed securities. But those securities are opaque and contain risks that investors were either unwilling or unable to recognize. (Fri, 30 Nov 2007 01:12:36 GMT)
Paulson, banks work on plan to extend lower loan rates
WASHINGTON - Treasury Secretary Henry Paulson and federal banking regulators are working out the details of a plan to extend lower, introductory interest rates on home loans before they reset at higher levels. Paulson and the regulators met Thursday morning with loan servicing companies -- which collect and distribute loan payments -- and other industry executives. A formal agreement was not ... (Fri, 30 Nov 2007 02:04:44 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. (Fri, 30 Nov 2007 02:06:36 GMT)
Mortgage firm is focus of Hennepin Co. fraud probe
Hennepin County investigators are probing mortgage fraud complaints involving a Brooklyn Park mortgage company that allegedly used straw buyers to buy property at inflated prices. The county is investigating Universal Mortgage and several of its employees, according to a search warrant affidavit filed by a county investigator. Universal's practice of using straw buyers was detailed by the Star ... (Fri, 30 Nov 2007 03:08:17 GMT)
Enticing deals in the mortgage crisis often are too good to be true
Constance Smith Bridgewater was in default on her mortgage payments, and she was desperate to keep the snug two-bedroom house in San Francisco's Portola district where she lives with her teenage grandson. It seemed providential when an acquaintance proposed a... (Fri, 30 Nov 2007 05:06:04 GMT)
Morgan Stanley Co-President Cruz Replaced After Mortgage Losses
Nov. 30 (Bloomberg) -- Zoe Cruz, co-president of Morgan Stanley and Wall Street's highest-paid female executive, is ending her 25-year career at the firm three weeks after it disclosed $3.7 billion of losses on mortgage-related securities. (Fri, 30 Nov 2007 05:27:32 GMT)
Many factors determine home loans
For months now we have all heard the doom and gloom about the tightening of credit markets and how difficult it is to either purchase or refinance a home loan. And while it is true that lending standards are no longer as loose as before, most lenders still understand that every loan application tells a story. (Fri, 30 Nov 2007 06:07:57 GMT)
Deal on home loan rates in works
WASHINGTON -- Treasury Secretary Henry Paulson and federal banking regulators are working out the details of a plan to extend lower introductory interest rates on home loans before they reset at higher levels. (Fri, 30 Nov 2007 06:11:24 GMT)
Bank providing mortgage advice
FirstMerit Bank is offering free help and advice to homeowners facing difficulty with their mortgages. ''Anyone with concerns about their mortgage is welcome to call us. We will analyze the situation and recommend a course of action, whether it is seeking credit counseling or working with their current lender to modify or refinance their loan,'' FirstMerit Mortgage Corp. President Tom Finnegan ... (Fri, 30 Nov 2007 06:40:14 GMT)
Home losses from foreclosures up
LOS ANGELES: More home loan borrowers who entered foreclosure proceedings ended up losing their homes in October. (Fri, 30 Nov 2007 06:41:04 GMT)
Price tag in mortgage crisis is looking like real money
With effects reverberating throughout the economy, pressure grows for the Fed to cut interest rates further. But that wouldn't necessarily prevent a recession. The mortgage meltdown is taking a rising toll on the broader economy, increasing pressure on the Federal Reserve to slash interest rates for a third time next month in hopes of averting a recession. (Fri, 30 Nov 2007 08:05:51 GMT)
Mortgage inquiries swamping Arizona
''People came into the mortgage business and did some bad and ugly things,'' said Amy Swaney, a mortgage banker at Scottsdale-based Premier Financial and past president of the Arizona Mortgage Lenders Association. (Fri, 30 Nov 2007 08:16:06 GMT)
Morgan Stanley's Cruz Replaced After Mortgage Losses (Update1)
Nov. 30 (Bloomberg) -- Zoe Cruz, co-president of Morgan Stanley and Wall Street's highest-paid female executive, was ousted three weeks after the firm disclosed $3.7 billion of losses on mortgage-related securities at the division she oversaw. (Fri, 30 Nov 2007 08:27:21 GMT)
Enticing deals in the mortgage crisis often are too good to be true
Constance Smith Bridgewater was in default on her mortgage payments, and she was desperate to keep the snug two-bedroom house in San Francisco's Portola district where she lives with her teenage grandson. It seemed providential when an acquaintance proposed a... (Fri, 30 Nov 2007 08:40:10 GMT)
Cleveland-area mortgage rates drop
Mortgage rates this week dropped to their lowest levels in more than two years, pushed down by economic woes, the housing slump and competition by banks trying to lure buyers. (Fri, 30 Nov 2007 09:56:14 GMT)
30-year mortgage rates take a dive
WASHINGTON -- Mortgage rates fell sharply this week, with rates on 30-year mortgages dropping to the lowest level in more than two years. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6. (Fri, 30 Nov 2007 11:13:48 GMT)
Seminar to deal with qualifying for a loan
WAILUKU – A home buyer seminar on qualifying for a home loan and achieving homeownership will be held from 9:30 to 10:30 a.m. on Dec. 8 at the Cameron Center in Wailuku. Registration begins at 9 a.m. (Fri, 30 Nov 2007 11:37:01 GMT)
Growth in mortgage borrowing falls
Growth in mortgage borrowing has declined from a figure of 23% in January to 15% in October, according to new figures from the Central Bank. The figures reflect the continuing slowdown in the housing market. Mortgage borrowing growth rates have declined by 1% a month since the beginning of the year. (Fri, 30 Nov 2007 12:19:08 GMT)
Morgan Stanley's Cruz Replaced After Mortgage Losses (Update2)
Nov. 30 (Bloomberg) -- Zoe Cruz, co-president of Morgan Stanley and Wall Street's highest-paid female executive, was ousted three weeks after the firm disclosed $3.7 billion of losses on mortgage-related securities at the division she oversaw. (Fri, 30 Nov 2007 13:42:22 GMT)
Paulson works with industry on loan plan
The Bush administration is working with industry on a plan to extend lower, introductory interest rates on home loans before they reset at higher levels. The talks come amid hints from Federal Reserve Chairman Ben Bernanke of another cut in a key interest rate to keep the economy from sliding into a recession. Treasury Secretary Henry Paulson and other top regulators met Thursday with loan ... (Fri, 30 Nov 2007 13:54:11 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? (Fri, 30 Nov 2007 13:55:35 GMT)
White House working on deal to extend lower home loan rates
The Bush administration is working behind the scenes with industry on a plan to extend lower, introductory interest rates on home loans before they reset at higher levels amid hints by Fed Chairman Ben Bernanke of another cut in a key interest rate to keep the economy from falling into recession. (Fri, 30 Nov 2007 14:17:44 GMT)
Administration, banks work on loan plan
WASHINGTON The Bush administration is working behind the scenes with industry on a plan to extend lower, introductory interest rates on home loans before they reset at higher levels amid hints by Fed Chairman Ben Bernanke of another cut in a key interest rate to keep the economy from falling into recession. Treasury Secretary Henry C. Paulson and other top regulators met Thursday with loan ... (Fri, 30 Nov 2007 14:34:33 GMT)
Countrywide shares jump on talk of U.S. mortgage plan
NEW YORK (MarketWatch) -- Shares of mortgage lender Countrywide Financial rose more than 20% Friday morning after reports that the U.S. government and several top banks are close to agreeing on a plan to freeze resets on adjustable rate mortgages to avoid a flood of foreclosures. (Fri, 30 Nov 2007 15:03:07 GMT)
Mortgage rescue report, rate expectations drive stocks higher
NEW YORK (MarketWatch) -- Shares of mortgage-related stocks rose sharply on Friday, the last trading day of the month, after a published report said banks and federal officials are close to an agreement that would freeze adjustable rate mortgage loans for troubled borrowers to prevent an unprecedented foreclosure crisis. (Fri, 30 Nov 2007 16:03:26 GMT)
Paulson Works With Industry on Loan Plan
WASHINGTON -- The Bush administration is working with industry on a plan to extend lower, introductory interest rates on home loans before they reset at higher levels. (Fri, 30 Nov 2007 16:54:43 GMT)
Insured Home Mortgage Defaults Rise as Slump Deepens (Update1)
Nov. 30 (Bloomberg) -- Defaults by U.S. homeowners with private mortgage insurance rose last month to the highest since at least August 2001, adding to evidence that the housing slump is getting deeper at the start of its third year. (Fri, 30 Nov 2007 16:57:41 GMT)
How to choose your home loan tenure
Among the many questions that pop up in your mind when you think of a home loan, a common question is the tenure of your loan. Should I go for a 15-year loan or 20-year loan? (Fri, 30 Nov 2007 17:52:47 GMT)
Agency Mortgage Bonds Suffering
Agency mortgage bonds are poised for their worst year in more than a decade, with supply up sharply and investors flocking to the safety of Treasurys. (Fri, 30 Nov 2007 19:11:19 GMT)
Banks Give Bankrupt Mortgage Company Customers More Time
Banks have agreed to extend to Jan. 31 an agreement not to foreclose on customers of the bankrupt Personal Financial Management mortgage company. Friday, Nov. 30, had been the original deadline. (Fri, 30 Nov 2007 19:14:00 GMT)
Sources: Treasury is close on mortgage-freeze plan
The U.S. Treasury Department is close to announcing a plan it is brokering with mortgage industry leaders to hold interest payments down for many subprime borrowers facing foreclosure. (Fri, 30 Nov 2007 19:17:38 GMT)
Sector Snap: Mortgage Lenders
Shares of mortgage lenders soared Friday after Federal Reserve Chairman Ben Bernanke signaled his willingness to slash interest rates again to prop up wobbly financial markets. (Fri, 30 Nov 2007 20:34:34 GMT)
Sen. Dodd offers cooperation on mortgage plan
U.S. Senate Banking Committee Chairman Christopher Dodd, a Democrat who is a candidate for President, on Friday offered to work with the Bush administration on a plan to reduce foreclosures amid a widening crisis in mortgage finance markets. (Fri, 30 Nov 2007 21:09:07 GMT)
Who Gets the Mortgage?
Breaking up has gotten even harder to do for those who share a mortgage. (Fri, 30 Nov 2007 21:09:13 GMT)
Ellen James Martin: Mortgage lenders are eager to sell loans to qualified borrowers
Many homeowners across America face the prospect of losing their properties through foreclosure. Yet, obviously, most people aren't at risk. Even so, many who seek to refinance fear that turmoil from the subprime mortgage crisis could make it much tougher to obtain a high-quality mortgage. (Fri, 30 Nov 2007 23:09:32 GMT)
Mortgage aid plan sparks hope and resentment
A plan to freeze mortgage rates for troubled homeowners may help ease the U.S. housing crisis, but for wiser borrowers and those who have already lost their homes to foreclosure, such a plan seems unfair. (Fri, 30 Nov 2007 23:34:35 GMT)
EXCLUSIVE: Paulson 'Optimistic' About Mortgage Plan to Help Subprime Borrowers
Paulson says plan to address increasingly complex mortgage mess. (Fri, 30 Nov 2007 23:41:26 GMT)
Previous 1 2 3 4 5 6 7 8
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
