Mortgage and Financial News From 2008-3-4 Page 10

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  • Corporate Bond Risk Rises on Speculation Bank Losses to Deepen

    Bloomberg - Bernanke warned that the housing slump may worsen and urged lenders to write down more mortgage debt. ... to New York-based Citigroup rose 10 basis points to 195 basis points and earlier reached a record 200, according to broker ...
    2008-03-04 11:07:00

  • Mortgage crisis set to create new generation of savers

    MyFinances.co.uk - ... Scores of banks and building societies have ditched products which provide loans equal to or more than the value of a property which has made it harder for people with no deposits to get buy a home. Katie Tucker, technical manager of mortgage broker ...
    2008-03-03 02:47:00

  • State AG targets home appraisals

    Newsday - Richard Biondi, owner of RJB Financial Consultant, a Farmingdale-based mortgage broker, said when he orders an appraisal for a home buyer, the report stays with the client as he searches for the right lender.
    2008-03-03 03:55:00

  • BROKERWATCH ATEBank target cut to 2.7 eur at UBS after disappointing ...

    CNBC - In contrast to the strong set of fourth quarter numbers from other Greek banks, ATEBank has limited product and geographical diversification and is heavily exposed to the competitive segments of mortgage lending and deposit gathering, the broker added
    2008-03-04 06:49:00

  • Squeeze on loan pioneer

    News.com.au - BusinessDaily revealed last week that leading home lender and broker Mortgage House was also relying on a $750 million funding lifeline provided by CBA after suffering a cost blowout last year.
    2008-03-04 05:45:00

  • UPDATE 2-US bank, broker debt protection costs rise

    Reuters - NEW YORK, March 4 (Reuters) - Debt protection costs on banks and brokers jumped on Tuesday on concerns banks will face additional losses from exposure to risky mortgage-backed debt, as policy-makers called for proposals to forgive borrowers some loan ...
    2008-03-04 12:11:00

  • In the Loop: Easing Mortgage Rules

    Washington Post - Except, maybe, if you're a mortgage broker. The National Association of Mortgage Brokers, in fact, succeeded in quietly doing some deregulating in a bill that passed the House last year.
    2008-03-03 09:17:00

  • Expert Group, Inc. Welcomes 3 New Loan Officers

    MSN MoneyCentral - Marcia O'Connor has been in the real estate business for over 25 years, Felix Betancourt has been a full time mortgage broker for over 3 years and Reina Aguilar for over 7 years.
    2008-03-04 06:06:00

  • BLOG: Bernanke tells banks to reduce loan amounts (Los Angeles Times)


    2008-03-04 10:50:16

  • No gloom and doom, but plenty of good deals (The Delaware Business Ledger)

    In addition to new homes, builders are structuring packages to attract buyers in a challenging real estate market. They're cooking up custom kitchens and serving up hardwood floors, on the house. Most of all, they're making it easier for consumers to pay their mortgages.
    2008-03-04 11:12:39

  • Banking and Financial (Mondaq)

    On February 21, the Nasdaq Stock Market, Inc. proposed a rule change to the Securities and Exchange Commission which would permit the listing of companies, commonly known as special purpose acquisition vehicles (SPACs), whose business plan is to complete an initial public offering and engage in a merger or acquisition with one or more unidentified companies within a specific period of time.
    2008-03-04 11:32:58

  • Wall Street Remains Negative In Mid-Afternoon Trading - U.S. Commentary (Nasdaq)

    (RTTNews) - Stocks remain firmly in negative territory in mid-afternoon trading on Tuesday, as disappointing corporate news prompts investors to sell. Dow components Citigroup (C) and Intel (INTC) are helping to lead the markets lower.
    2008-03-04 11:52:42

  • Mortgage fraud cases on the rise (News 14 Carolina)

    CHARLOTTE -- It's National Consumer Protection Week and the government is using this time to warn Americans about some of the most common fraudulent schemes. That includes mortgage fraud, which experts say is on the rise.
    2008-03-04 11:57:35

  • Yen Approaches 3-Year High on Speculation Bank Losses to Mount (Bloomberg.com)

    March 4 (Bloomberg) -- The yen approached a three-year high against the dollar as speculation that banks will have to write off more mortgage-related debt led investors to pare carry-trade bets funded with loans in Japan.
    2008-03-04 12:51:42

  • Study: Lenders slow to aid homeowners in trouble

    Modesto Bee - Lucey said many homeowners "got caught off guard" by rising mortgage interest rates. "A lot of them really didn't understand how risky their loan was," Lucey said, noting that many homeowners were overly optimistic about being able to refinance before ...
    2008-03-04 09:34:00

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