Mortgage and Financial News From 2007-12-3 Page 30
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How the investigation was done
Seattle Times - These were excluded from the analysis. We also analyzed federal home-mortgage data on individual loan applications. That showed us how many loans Ameriquest originated for home purchase, improvement or refinance, and it allowed us to compare it to the ...
2007-12-03 12:10:00 -
Easy loans & painful losses
Denver Post - J. Chandler and Barbara Janak said Michael Campbell asked them to raise the price of their mountain home in Bailey from $315,000 to $350,000. He talked them into lending him $70,000 to cover a second mortgage but defaulted on his first and second ...
2007-12-03 01:43:00 -
White house, banks look for way out of mortgage mess
Xinhua News Agency - BEIJING, Dec. 3 (Xinhuanet) -- In an attempt to fight a massive wave of home foreclosures, the White House and the mortgage ... to get lenders to extend for a number of years the low, introductory rates that were offered on subprime mortgages, loans ...
2007-12-03 02:26:00 -
Nomura to Double Asia Fund Managers, Analysts After U.S. Losses
Bloomberg - The Japanese firm posted its first quarterly loss in more than four years in October as the value of securities related to U.S. home loans plunged, forcing it to shut some units there and cut 400 jobs. After the failed U.S. expansion, Koga is setting ...
2007-12-02 10:30:00 -
Asia Session
FXStreet.com - USD/JPY trickled lower along with other JPY crosses on concerns that a government plan to freeze rates on some mortgage loans would not help the credit and housing market as much as expected. Also, Moody’s Investors Service said that it is ...
2007-12-02 11:27:00 -
Washington's sub-prime fix expected
Los Angeles Times - A major hurdle to the deal has yet to be overcome: getting agreement from investors in mortgage-backed securities, who have resisted modifying loans except on a case-by-case basis. "There is a $64,000 question: Will investors go along with this plan ...
2007-12-02 11:49:00 -
Korea First's floating notes rated 'Aaa' - Moody's
CNBC - The transaction is a securitization of a pool of residential mortgage loans originated by Standard Chartered First Bank Korea Ltd, formerly Korea First Bank. TFN.newsdesk@thomson.com rsh/ran COPYRIGHT Copyright Thomson Financial News Limited 2007 ...
2007-12-02 11:56:00 -
Foreclosure-proof homes?
Los Angeles Times - Deutsche Bank held debt securities that were linked to the mortgage loans on the properties, not the mortgages themselves. And the judge ruled that a security backed by a mortgage is not the same as a mortgage. That's a distinction that could make all ...
2007-12-02 11:49:00 -
Homeowners in debt, seniors prime targets of riskiest loans
Seattle Times - Frances Taylor, who has Alzheimer's disease, shared a room in an adult-care home when she moved there in May. A privacy screen provided her personal space. Frances Taylor was 93 when she took out a high-cost, high-interest mortgage against her home ...
2007-12-03 01:58:00 -
Federal Court Digest: Pair sentenced in mortgage fraud (Mobile Press-Register)
Federal judges in Mobile last week handed down prison sentences to a Mobile County pair who helped pull off a mortgage scheme that investigators said defrauded lenders of more than $1 million.
2007-12-03 02:28:06 -
Adelaide Bank to lift mortgage rate (AAP via Yahoo!7 News)
Adelaide Bank Ltd will raise the rate on its wholesale home loans by 25 basis points this week.
2007-12-02 04:17:11 -
Mortgage rescue plan no solution for many (Seattle Times)
If lenders temporarily freeze low introductory interest rates on home loans made to risky borrowers before they soar, it would be a modest...
2007-12-03 12:25:56 -
Rates set to stay on hold
MSN UK News - ... consumers with a pre-Christmas boost by cutting interest rates ... week reported that consumer confidence had fallen to its lowest level since March 2003, as pessimism increased in the wake of the Northern Rock crisis and recent hikes in fuel and mortgage ...
2007-12-02 09:01:00 -
AP Business NewsBrief at 12:29 a.m. EST
CNBC - WASHINGTON (AP) _ If lenders temporarily freeze low introductory interest rates on ... MAPLE HEIGHTS, Ohio (AP) _ After the unpaid mortgage bills, the creditor warnings and ... That sent prices to their lowest level Friday since Oct. 25 _ quite a turnaround ...
2007-12-02 09:26:00 -
City bonuses: after the long feast, time for some famine
Guardian Unlimited - ... do so - because they have been fired as a consequence of the US sub-prime mortgage ... The payouts face a similar drop in 2008, taking them back to the lowest level since ... rise in unemployment, a major terrorist attack or steep hikes in interest rates ...
2007-12-03 01:07:00