Mortgage and Financial News From 2007-11-25 Page 14
Previous Day: 2007-11-24
Return to the mortgage news archive home.
Page: 01 2 3 4 5 6 7 8 9 10 11 12 13 14 15
16 17 18 19
-
Good time to get a grip on Idex
Chicago Sun-Times - ... as expressed in a piece from Dow Jones Newswires last week, is that hedge funds have been behind much of the growth in futures trading, yet the losses from subprime loans will force them to cut back. Another concern is that slowing of mortgage ...
2007-11-25 01:53:00 -
A time for economic caution
Seattle Times - The problem is biggest in housing finance, where mortgage companies made loans they shouldn't have made and sold them to investors who shouldn't have bought them. Fear has spread from the subprime market to other mortgage and business credit. Add to ...
2007-11-25 12:13:00 -
Block shifts financing available to Option One
Kansas City Star - In a filing with the Securities and Exchange Commission , Block also said Option One ended its $750 million warehouse credit line with Greenwich Capital, which had been available to fund new mortgage loans. As the subprime mortgage crisis and housing ...
2007-11-23 12:51:00 -
New Worries Over Northern Rock Assets
Ananova - Mortgage loans of over 90% of the purchase price of a house have soared to £16bn, from £2.7bn in three years, and loans exceed the value of the property in nearly 2,500 cases. :: Some 10,000 customers are a month or more in arrears, on loans worth ...
2007-11-25 06:25:00 -
Bank Mutual
New Richmond News - Our community bank's principal business is attracting retail deposits from the general public and investing those deposits, together with funds generated from other operations, in residential mortgage loans, consumer loans, commercial real estate ...
2007-11-25 02:00:00 -
In search of no- or low-doc loans
NorthJersey.com - But, with the current mortgage mess, the industry has become more stringent with regard to risky loans of all kinds. "It's still out there, the low-doc/no-doc loan," said Michael Carew, a senior loan officer with New Jersey Lenders Corp. in Ho-Ho-Kus ...
2007-11-25 03:47:00 -
Paragon plans to sell book of car loans
Daily Telegraph - Paragon, the beleaguered mortgage lender, is planning to sell a £140m portfolio of car loans as part of its attempts to avert an emergency rights issue. The buy-to-let specialist revealed last week that it may need to tap its shareholders for £280m ...
2007-11-24 03:16:00 -
How Wall Street whizzes went so wrong on the housing market
Austin American-Statesman - Bank of America: Warned of a $3 billion write-down in the fourth quarter. Bear Stearns: Will write down $1.2 billion in the fourth quarter; several funds tied to mortgage loans now closed or bankrupt. Wachovia: Warns of fourth ...
2007-11-25 06:18:00 -
Shouldering the blame for subprime loan failures
International Herald Tribune - ... loans performed many times better than subprime," said Kenneth Wade, chief executive of NeighborWorks. "It shows that you can serve this customer base and they can succeed." Some of the success of these loans may be a result of an extensive mortgage ...
2007-11-25 05:13:00 -
Let the Market Teach Its Lessons
Washington Post - A contract is a binding legal agreement freely entered into between two competent people to do something that each finds to his benefit. One of the parties might be a greedy mortgage lender who makes loans on unconscionable terms fashioned to ensure ...
2007-11-25 06:32:00 -
Congress is in no hurry to enact mortgage reform
Miami Herald - ... that borrowers had been abused. • Clean up the appraisal field by prohibiting and punishing interference in valuations, especially brokers and lenders pressuring appraisers to ''hit the number'' needed to allow loans to close. Banking and mortgage ...
2007-11-25 04:16:00 -
Mortgage Nightmare Becoming Scarier
The Ledger - Some 2 million homeowners hold $600 billion of subprime adjustable-rate mortgage loans, known as ARMs, that are due to reset at higher amounts during the next eight months. Subprime loans are those made to people with poor credit. Not all these ...
2007-11-25 02:50:00 -
Analysts fear mortgage failures could topple economy (Lawrence Journal-World)
When Domenico Colombo saw his monthly mortgage payment was about to balloon by 30 percent, he knew how bad it could get. His payment was scheduled to surge by an extra $1,500 in December.
2007-11-24 10:05:25 -
Is it worth the risk Town faces question as it evaluates investing in mortgage-backed fund (Greenwich Time)
Town officials are debating whether to put part of an anticipated $150 million in tax revenues and bond sale receipts in a state money market fund that is reliant on risky investments such as subprime mortgage pools.
2007-11-25 02:11:17 -
Mortgage bankers go back to basics (The Post-Standard)
Mortgage bankers are eagerly going back to basics before Congress makes them. At the annual convention of the Mortgage Bankers Association, or MBA, the most oft-spoken phrase was "back to basics."
2007-11-24 09:11:18