Mortgage and Financial News From 2008-3-16 Page 18
Previous Day: 2008-03-15
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For an asset with all the bell boys and whistles, don't just book a ...
The Independent - If you are still keen to buy into one of these deals, but don't happen to have several hundred thousand pounds burning a hole in your pocket, there are only a few lenders that will be willing to give you a mortgage.
2008-03-16 03:32:00 -
The subprime blame game is shifting to the courts
Houston Chronicle - All large-scale financial scandals spawn mountains of litigation, but the subprime fiasco stands out because of the complexity of the system that funneled more than $1 trillion from investors around the world through Wall Street and mortgage lenders ...
2008-03-14 05:53:00 -
Developers Finding Lenders Pickier: Highly Leveraged Construction ...
Blackenterprise.com - Mar. 16--Developers, take heart. There are lenders willing to fund major commercial projects. Yet continued fallout from the subprime mortgage collapse has development firms facing more stringent conditions from banks, insurance companies and other ...
2008-03-15 10:45:00 -
Seeking economic answers
Baltimore Sun - All of the assistance proposed thus far offers little promise of dealing with the more than $1 trillion in subprime mortgage loans currently outstanding. That looming challenge is undermining the confidence of lenders and has helped steer the ...
2008-03-16 12:04:00 -
A new role for sushi
Akron Beacon Journal - Ken Oppenheimer and Jon Roller, two former mortgage lenders, are seeing their infant business, Sushi on the Roll, rolling right along thanks to their love of sushi and their knowledge of the corporate world. Their goal is simple: ''We want to bring ...
2008-03-15 10:02:00 -
Stock market's short rally looks like a brief gain before more pain
Chicago Tribune - Tuesday's rally was set off by an innovative move by the Federal Reserve to relieve some of the tensions on lenders and get money flowing to borrowers by letting lenders use distressed mortgage-related bonds as collateral for loans from the Fed.
2008-03-16 03:25:00 -
Catch best borrowing rates while you can
Louisville Courier-Journal - Bankers and lenders are rapidly changing their requirements as home sales and prices plummet and delinquencies and defaults rise. Problems in the mortgage market are spilling into other lending markets as customers struggle to keep up with payments ...
2008-03-16 02:34:00 -
Affluent are also losing homes
Baltimore Sun - Lenders filed about 10,700 mortgage foreclosure cases in Baltimore and its five suburban counties, up 36 percent from a year earlier. On the Maryland side of the Washington area - Frederick, Montgomery, Prince George's, Charles and Calvert counties ...
2008-03-16 12:11:00 -
Ideas for addressing mortgage meltdown
San Francisco Gate - These revised rates will continue until the payees can sell in a stable market or pay a standard mortgage payment. The lenders and mortgage vehicle speculators/investors will clearly benefit from the resulting market and credit stabilization.
2008-03-15 11:36:00 -
Assembly moves on foreclosures
Baltimore Sun - O'Donnell , the minority leader from Southern Maryland, said he was worried that the mortgage fraud bill would make lenders and brokers "black hats du jour.
2008-03-16 03:17:00 -
No credit? No problem
Miami Herald - Before the subprime-mortgage crisis, most lenders used the Expansion score to get more business, says Tom Quinn, vice president of global scoring solutions at Fair Isaac.
2008-03-15 11:50:00 -
Florida is tops in mortgage fraud
Miami Herald - For the second consecutive year, Florida ranked No. 1 in the country for mortgage fraud, as the stalled housing market quickly pushed both prevaricating borrowers and seasoned criminals into foreclosure. Lenders reported more than twice the number of ...
2008-03-14 04:10:00 -
Jumbo mortgage loan rates coming down slowly
San Francisco Gate - No matter what the Federal Reserve does to grease the credit wheels, it seems that mortgage lending just keeps getting tighter. Lenders are demanding that borrowers have higher credit scores, better proof of their income and assets, and bigger down ...
2008-03-16 02:34:00 -
More housing woe: Mortgage lenders raise the bar on home loans
Fort Lauderdale Sun-Sentinel - Four kids, three dogs, one bathroom, 900 square feet. This adds up to a problem every weekday morning at Luci and Danny Brito's tiny house in Pembroke Pines . "There's literally a line, with each one holding a towel and a hairbrush, in our pajamas ...
2008-03-15 11:50:00 -
The economy and how it affects your investments (Independent Online)
So you want to understand how economic indicators and occurrences in the economy affect you as an investor? Well, the first step is to understand what economics is.
2008-03-16 03:21:47
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