Mortgage and Financial News From 2008-1-9 Page 38

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  • US Treasury Secretary on Housing and Capital Markets

    eGov Monitor - First, the alliance is aggressively reaching out to homeowners who are or will be struggling with their mortgages. Second, industry and government are developing new mortgage products that will enable more people to stay in their homes. Third, the ...
    2008-01-09 09:42:00
  • KANSAS CITY, Mo.

    San Francisco Examiner - 3 days ago - Three mortgage lenders have been ordered to pay $99 million in punitive damages to Missourians who claimed they were charged illegal fees for second mortgages.
    2008-01-09 08:38:00
  • MBIA Announces Comprehensive Plan to Strengthen Capital

    MSN MoneyCentral - The approximately $614 million case loss activity is principally related to MBIA's insured securitizations of prime home equity lines of credit and prime closed-end second-lien mortgages. The estimate of case loss activity reflects MBIA's best ...
    2008-01-09 05:10:00
  • Teacher pension fund is silent on subprime, CDO losses

    Austin American-Statesman - First, what is the status of the $6 billion in securities backed by assets that include subprime mortgages? Second, is it possible to quantify the current value of these securities, or to say how much the fund has gained or lost on the initial ...
    2008-01-09 08:45:00
  • Santiago Island offers value for investors - 999 Today

    Santiago Island offers value for investors999 Today, UK - 4 hours agoInvestors can also benefit from the currency being linked to the Euro, which will enable buyers to take advantage of Euro mortgages, available next year. ...
    2008-01-09 07:45:08
  • Housing Market Tracker - Foreclosure Review - Seeking Alpha

    Housing Market Tracker - Foreclosure ReviewSeeking Alpha, NY - 4 hours ago8th) Florida: "A collection of largely unoccupied new towers are straining under hundreds of millions of dollars in defaulted mortgages. ...
    2008-01-09 07:57:27
  • Recession in the US: The perfect storm arrives - domain-B

    Recession in the US: The perfect storm arrivesdomain-B, India - 3 hours agoBerner also said that the foreclosure rate on residential mortgages had reached a 19-year high of 5.59 per cent in the third quarter even as the stagnating ...
    2008-01-09 08:04:49
  • UN: World economy faces serious challenges in 2008 - Xinhua

    UN: World economy faces serious challenges in 2008Xinhua, China - 3 hours agoThe ongoing housing downturn in the United States became much more serious in the third quarter of 2007, with the meltdown of sub-prime mortgages triggering ...
    2008-01-09 08:27:15
  • Stocks Rebound Despite More Recession Talk - BusinessWeek

    Stocks Rebound Despite More Recession TalkBusinessWeek - 3 hours agoThe refinance portion of mortgage activity increased to 57.7% of total applications from 50.9% the previous week, while adjustable-rate mortgages fell to ...
    2008-01-09 08:32:02
  • Mortgage giant has weak December - BBC News

    Mortgage giant has weak DecemberBBC News, UK - 3 hours agoShares in US mortgage giant Countrywide Financial have fallen for a second straight day after it reported a 44% drop in home loan volumes in December. ...
    2008-01-09 08:48:01
  • Bank economists foresee slackening economy this year, but no recession - The Canadian Press

    Bank economists foresee slackening economy this year, but no recessionThe Canadian Press - 3 hours ago... of the toxic waste in the bond market doesn't end up being as toxic after all - that in fact not all those subprime mortgages default," Shenfeld said. ...
    2008-01-09 08:50:37
  • Creative Living Arrangements - CounterCurrents.org

    Creative Living ArrangementsCounterCurrents.org, India - 3 hours agoWe’re all just happy neighbors paying each others’ bank account interest with our safe and secure fixed rate mortgages, while building a better world for ...
    2008-01-09 08:57:05
  • MBIA Plunges on Recapitalization - 123Jump.com

    MBIA Plunges on Recapitalization123Jump.com, FL - 2 hours ago... loss activity is principally related to MBIA’s insured securitizations of prime home equity lines of credit and prime closed-end second-lien mortgages. ...
    2008-01-09 09:09:37
  • Secure Loans through Home Equity - Best Syndication

    Secure Loans through Home EquityBest Syndication, CA - 2 hours agoThe best part is that these mortgages are regulated by the Financial Services Authority in the UK. The second type of plan is home reversion plan. ...
    2008-01-09 09:35:20
  • Fed's Poole: Fed can ease without risking inflation - Guardian Unlimited

    Fed's Poole: Fed can ease without risking inflationGuardian Unlimited, UK - 2 hours agoEconomic forecasters expect slow expansion in the first half of the year and a quickening pace in the second half," he said. He also said that the dollar ...
    2008-01-09 09:44:49