Keep taxpayers off sucker list in mortgage meltdownHouston Chronicle - United StatesBy FROMA HARROP The mortgage meltdown has produced many victims. The most sympathetic are the low-income folk who are losing their homes to foreclosure. ...
Developers Accused of Stealing Millions in a Mortgage FraudNew York Times - United StatesAP Two real estate developers accused of bilking dozens of people out of more than $27 million in an elaborate mortgage fraud scheme were arrested yesterday ...
NovaStar, Impac Mortgage FallWall Street Journal - USAMortgage lenders remained in sellers' cross hairs: Shares of American Home Mortgage Investment were halted all session on the New York Stock Exchange after ...
Mortgage losses, slow US sales may limit GM profitsDetroit Free Press - United StatesAs it reports second-quarter financial results today, General Motors Corp. may say its profits fell because of mortgage losses at its finance unit and ...
Mortgage lending rises despite rate increasesIndependent - London,England,UKBy Karen Attwood Mortgage lending increased at its fastest pace for three months in June, defying expectations that the housing market is slowing down in ...
Lost Wallet's ID Cards Spawned Mortgage FraudWashington Post - United StatesWhen the bank told him that it was the overpayment on his second mortgage, things got really baffling. Elizabeth Cabrera-Rivera pleaded guilty to identity ...
�2bn mortgage exit fees may be refundedTelegraph.co.uk - United KingdomBy Harry Wallop, Myra Butterworth and Philip Aldrick Millions of homeowners are in line for refunds totalling �2 billion on ''unfair'' mortgage exit fees. ...
American Home Mortgage stock down on news of cancelled dividendNewsday - Long Island,NY,USABY DANIEL WAGNER Shares of American Home Mortgage Investment Corp., Long Island's sixth-largest company at the end of last year, ceased trading on the New ...
UK Consumers Cut Back on Beer, Shoes as Mortgage Crunch LoomsBloomberg - USAThey're among the millions of Britons preparing for a mortgage crunch. Craster, a London designer, and Baines, a company director from Knutsford, England, ...
Profit optimism, financials fuel Wall St's reboundStuff.co.nz - Wellington,New ZealandSentiment about the sector also improved after the bailout of a hedge fund steeped in subprime mortgage market losses and a home lending unit of GMAC ...
Tuesday, July 31, 2007
Wednesday, July 25, 2007
Refinance Information and News
Downgrade Hits Mortgage InsurersTheStreet.com - USA"The recent spate of mortgage originators backing away from various affordability products will also put a negative bias on credit costs in the near term, ...
Countrywide feels pain of ailing mortgage marketLos Angeles Times - CA,USAMozilo held out little hope that the company's fortunes and mortgage business would improve soon. "It just takes a long time to turn a battleship around," ...DJ Midday Forex: Dollar Rebounds, But Weak US Data ExpectedOnet.pl - PolandFears that the subprime mortgage problems were spreading through the world's biggest economy were stoked Tuesday by news concerning US mortgage banking ...
Countrywide feels pain of ailing mortgage marketLos Angeles Times - CA,USAMozilo held out little hope that the company's fortunes and mortgage business would improve soon. "It just takes a long time to turn a battleship around," ...DJ Midday Forex: Dollar Rebounds, But Weak US Data ExpectedOnet.pl - PolandFears that the subprime mortgage problems were spreading through the world's biggest economy were stoked Tuesday by news concerning US mortgage banking ...
Tuesday, July 24, 2007
Mortgage Refinance News and Information
Indians swipe cards, and consumer debt ticks upReuters - USABy Alistair Scrutton and Surojit Gupta NOIDA, India, July 19 (Reuters Life!) - Great India Place, one of India's biggest shopping malls, ...
Banks to combat 'card slave' overspendingChina Post - Taipei,TaiwanThis will be among a series of measures to be adopted when the Consumer Debt Clearance Act, already ratified by the Legislative Yuan, takes effect on April ...
Don't be mastered by BART fare cardThe Argus - Fremont,CA,USA"In a country struggling with consumer debt, is that something BART ought to be doing, providing credit cards?" The cards are part of a larger program of ...
Subprime reforms on table: Senate passage expected todayBoston Herald - United StatesDeval Patrick, Boston Mayor Thomas M. Menino and others have pushed for, would take steps including: making mortgage fraud a felony punishable by up to five ...
MLP, Interhyp to launch residential mortgage joint ventureForbes - NY,USAMUNICH (Thomson Financial) - MLP AG and mortgage broker Interhyp AG will launch a joint venture to provide MLP consultants with access to Interhyp's ...
US mortgage rates unchanged on Monday - BestInfoReuters - USANEW YORK, July 23 (Reuters) - The average rate on a 30-year US mortgage with no upfront points was unchanged at 7 percent on Monday, according to BestInfo ...
CIBC May Write Down C$100 Million of US Mortgage SecuritiesBloomberg - USASubprime home loans, made to people with the worst credit records, are souring at the fastest pace since 2002, according to the US Mortgage Bankers ...
Valley mortgage firm accused of illegal practicesArizona Republic - Phoenix,AZ,USARegulators are trying to shut down a Phoenix mortgage firm they have accused of securing loans from illegal branches at Valley swap meets, malls, ...
Wells Fargo discontinues popular mortgage for subprime borrowersKESQ - Palm Desert,CA,USAAP - July 23, 2007 9:24 PM ET SAN FRANCISCO (AP) - Wells Fargo has stopped offering a popular adjustable-rate mortgage designed for home buyers with ...
Countrywide Home Loans Launches It's Your Choice Mortgage CampaignCNNMoney.com - USACountrywide is arming its more than 9000 loan officers and mortgage sales force with new and improved tools, such as specialized mortgage cost calculators, ...
Freddie Mac mortgage portfolio up 1.2 pct in JuneReuters - USANEW YORK, July 23 (Reuters) - Freddie Mac's retained mortgage holdings increased by an annualized 1.2 percent in June to $712.1 billion, following a 3.8 ...
Emerging-Market Bonds Fall on Growing Subprime Mortgage ConcernBloomberg - USABy Lester Pimentel July 23 (Bloomberg) -- Emerging-market bonds fell as concern about widening losses related to subprime mortages led investors to shun ...
Dollar Falls to Lowest in Two Months on US Mortgage ConcernsBloomberg - USA... to the lowest in two months against the yen and the weakest versus the British pound in 26 years on concern US subprime mortgage losses will worsen. ...
Banks to combat 'card slave' overspendingChina Post - Taipei,TaiwanThis will be among a series of measures to be adopted when the Consumer Debt Clearance Act, already ratified by the Legislative Yuan, takes effect on April ...
Don't be mastered by BART fare cardThe Argus - Fremont,CA,USA"In a country struggling with consumer debt, is that something BART ought to be doing, providing credit cards?" The cards are part of a larger program of ...
Subprime reforms on table: Senate passage expected todayBoston Herald - United StatesDeval Patrick, Boston Mayor Thomas M. Menino and others have pushed for, would take steps including: making mortgage fraud a felony punishable by up to five ...
MLP, Interhyp to launch residential mortgage joint ventureForbes - NY,USAMUNICH (Thomson Financial) - MLP AG and mortgage broker Interhyp AG will launch a joint venture to provide MLP consultants with access to Interhyp's ...
US mortgage rates unchanged on Monday - BestInfoReuters - USANEW YORK, July 23 (Reuters) - The average rate on a 30-year US mortgage with no upfront points was unchanged at 7 percent on Monday, according to BestInfo ...
CIBC May Write Down C$100 Million of US Mortgage SecuritiesBloomberg - USASubprime home loans, made to people with the worst credit records, are souring at the fastest pace since 2002, according to the US Mortgage Bankers ...
Valley mortgage firm accused of illegal practicesArizona Republic - Phoenix,AZ,USARegulators are trying to shut down a Phoenix mortgage firm they have accused of securing loans from illegal branches at Valley swap meets, malls, ...
Wells Fargo discontinues popular mortgage for subprime borrowersKESQ - Palm Desert,CA,USAAP - July 23, 2007 9:24 PM ET SAN FRANCISCO (AP) - Wells Fargo has stopped offering a popular adjustable-rate mortgage designed for home buyers with ...
Countrywide Home Loans Launches It's Your Choice Mortgage CampaignCNNMoney.com - USACountrywide is arming its more than 9000 loan officers and mortgage sales force with new and improved tools, such as specialized mortgage cost calculators, ...
Freddie Mac mortgage portfolio up 1.2 pct in JuneReuters - USANEW YORK, July 23 (Reuters) - Freddie Mac's retained mortgage holdings increased by an annualized 1.2 percent in June to $712.1 billion, following a 3.8 ...
Emerging-Market Bonds Fall on Growing Subprime Mortgage ConcernBloomberg - USABy Lester Pimentel July 23 (Bloomberg) -- Emerging-market bonds fell as concern about widening losses related to subprime mortages led investors to shun ...
Dollar Falls to Lowest in Two Months on US Mortgage ConcernsBloomberg - USA... to the lowest in two months against the yen and the weakest versus the British pound in 26 years on concern US subprime mortgage losses will worsen. ...
Monday, July 16, 2007
Consumer Debt News and Financing
When Two Become OneChristianityToday.com - Carol Stream,IL,USAby Ellie Kay Georgia and Thomas Gentry of Des Moines, Iowa, were tired of their consumer debt. After eight years of escalating debt, they threw up their
Managing stressed assetsFinancial Express - Bombay,IndiaIn this economic scenario, managing consumer debt and in particular the collection of monies owed becomes more significant in reducing write-offs and
Managing stressed assetsFinancial Express - Bombay,IndiaIn this economic scenario, managing consumer debt and in particular the collection of monies owed becomes more significant in reducing write-offs and
Wednesday, July 11, 2007
Bad Mortgage News for Lending Companies
After the credit binge, markets fear the crunch is on the wayTimes Online - UKThe dollar plumbed fresh lows and shares in Europe tumbled yesterday as investors fretted that strife in America's sub-prime mortgage market could herald a ...
Sakana Holistic launches BD1m mortgage schemeGulf Daily News - Manama,BahrainBahrain-based Sakana Holistic Housing Solutions is offering the country's highest ever mortgage credit of BD1.25m (about $3.30m), breaking all existing ...
Mortgage woes may roil marketChicago Tribune - United States"The danger is that these mortgage problems could spread, and that there will be a lot of pain," said mutual fund manager Henry Van der Eb, ...
NAACP files suit against mortgage lenders in LADetroit Free Press - United StatesAccording to an NAACP release, the lenders engaged in "systematic, institutionalized racism in sub-prime home mortgage lending." NAACP Interim President and ...
Insurers Mostly OK From Mortgage FalloutForbes - NY,USABonds backed by mortgage loans made to subprime borrowers - those with scuffed credit - have come under scrutiny recently as default rates have risen among ...
Sakana Holistic launches BD1m mortgage schemeGulf Daily News - Manama,BahrainBahrain-based Sakana Holistic Housing Solutions is offering the country's highest ever mortgage credit of BD1.25m (about $3.30m), breaking all existing ...
Mortgage woes may roil marketChicago Tribune - United States"The danger is that these mortgage problems could spread, and that there will be a lot of pain," said mutual fund manager Henry Van der Eb, ...
NAACP files suit against mortgage lenders in LADetroit Free Press - United StatesAccording to an NAACP release, the lenders engaged in "systematic, institutionalized racism in sub-prime home mortgage lending." NAACP Interim President and ...
Insurers Mostly OK From Mortgage FalloutForbes - NY,USABonds backed by mortgage loans made to subprime borrowers - those with scuffed credit - have come under scrutiny recently as default rates have risen among ...
Tuesday, July 10, 2007
Mortgage Refinance Information
Your Money: Mortgage mathAtlanta Journal Constitution - GA, USABy Kara McGuire The direct-mail solicitation claimed that we could shave years off the life of our 30-year mortgage and save thousands of dollars in ...
100% mortgage data 'out of date'RTE.ie - IrelandOne broker, the Irish Mortgage Corporation, says it is no longer the case that a third of first-time buyers take 100% loans. It says the figure is 24% for ...
Mortgage resets: Record bill coming dueCNN - USABorrowers who took out hybrid ARMs in 2004 and 2005 to secure low "teaser" rates for the first two or three years of the loan may see their monthly mortgage ...
US mortgage bond prepayments fall in JuneReuters - USAFull Bio NEW YORK, July 9 (Reuters) - Prepayments on US mortgage-backed securities fell in June as higher interest rates and one less calendar day ...
Mortgage shake-up to tackle homes crisisGuardian Unlimited - UKMinisters plan to shake-up Britain's mortgage market as part of a three-pronged approach to tackle the crisis in affordable housing that is posing a threat ...
Liquidity of covered bonds could usher in new era of mortgage ...Globe and Mail - CanadaEssentially, a covered bond is a debt instrument secured by a covering pool of mortgage loans - or, as is the case in some European countries, public-sector ...
All you need to know about reverse mortgageRediff - IndiaReverse mortgage is a financial option that senior citizen homeowners aged 60 and above can explore. Once all mortgages on their property have been paid off ...
Can you handle the mortgage payments?Telegraph.co.uk - United KingdomPaul Farrow reports If you are one of the two million homeowners whose cheap fixed-rate mortgage is due to expire in the next few weeks, you probably don't ...
US mortgage rates unchanged on Monday - BestInfoReuters - USANEW YORK, July 9 (Reuters) - The average rate on a 30-year US mortgage with no upfront points was unchanged on Monday at 7-1/8 percent, according to ...
100% mortgage data 'out of date'RTE.ie - IrelandOne broker, the Irish Mortgage Corporation, says it is no longer the case that a third of first-time buyers take 100% loans. It says the figure is 24% for ...
Mortgage resets: Record bill coming dueCNN - USABorrowers who took out hybrid ARMs in 2004 and 2005 to secure low "teaser" rates for the first two or three years of the loan may see their monthly mortgage ...
US mortgage bond prepayments fall in JuneReuters - USAFull Bio NEW YORK, July 9 (Reuters) - Prepayments on US mortgage-backed securities fell in June as higher interest rates and one less calendar day ...
Mortgage shake-up to tackle homes crisisGuardian Unlimited - UKMinisters plan to shake-up Britain's mortgage market as part of a three-pronged approach to tackle the crisis in affordable housing that is posing a threat ...
Liquidity of covered bonds could usher in new era of mortgage ...Globe and Mail - CanadaEssentially, a covered bond is a debt instrument secured by a covering pool of mortgage loans - or, as is the case in some European countries, public-sector ...
All you need to know about reverse mortgageRediff - IndiaReverse mortgage is a financial option that senior citizen homeowners aged 60 and above can explore. Once all mortgages on their property have been paid off ...
Can you handle the mortgage payments?Telegraph.co.uk - United KingdomPaul Farrow reports If you are one of the two million homeowners whose cheap fixed-rate mortgage is due to expire in the next few weeks, you probably don't ...
US mortgage rates unchanged on Monday - BestInfoReuters - USANEW YORK, July 9 (Reuters) - The average rate on a 30-year US mortgage with no upfront points was unchanged on Monday at 7-1/8 percent, according to ...
Subscribe to:
Posts (Atom)