Mortgage and Financial News From 2008-3-4 Page 19

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  • How to save your home

    News.com.au - Census figures show that these days that formula would categorise 29 per cent of home owners with an outstanding mortgage as being in stress. Although there are some predatory lenders targeting vulnerable wannabe homeowners in Australia, the RBA’s ...
    2008-03-04 03:00:00

  • Fed chief: Mortgage crisis to continue

    Seattle Post Intelligencer - Mortgage crisis to continue By JEANNINE AVERSA AP ECONOMICS WRITER WASHINGTON -- Federal Reserve Chairman Ben Bernanke called ... Although lenders and servicers have scaled up their efforts and adopted a wider variety of loss-mitigation techniques, more ...
    2008-03-04 05:59:00

  • Housing rescue: What you need to know

    CNN Money - In brief: The government buys at-risk mortgages from lenders at steep discounts, restructures the loans to reduce payments and resells the loans in secondary markets. Investors in mortgage-backed securities take a loss, but get most of their ...
    2008-03-04 07:11:00

  • Bernanke: More mortgage, home woes ahead

    CNN Money - NEW YORK (CNNMoney.com) -- Mortgage delinquencies and foreclosures will continue to rise for a while longer and further ... But he concluded his speech by saying that "although lenders and servicers have scaled up their efforts and adopted a wider ...
    2008-03-04 05:59:00

  • Success claimed for Schwarzenegger mortgage rescue plan

    Sacramento Bee - The state's findings on loan relief are similar to those released in recent weeks by the Mortgage Bankers Association and Hope Now, a national coalition of mortgage lenders.
    2008-03-03 11:54:00

  • Neverfail Signs Equitable Bank as New Customer

    Forbes - AUSTIN, Texas, March 4 /PRNewswire/ -- Equitable Bank, a community-based bank in Wisconsin with $600 million in assets and one of the top ten lenders for residential mortgage lending, has selected Neverfail to ensure continuous availability to all ...
    2008-03-04 05:16:00

  • First time buyers put property search on hold

    Times Online - Mortgage lenders Northern Rock, Alliance & Leicester, Birmingham Midshires and Abbey have all now begun to require borrowers to supply the deposit on a new homes, making it more difficult for FTBs to get onto the housing ladder.
    2008-03-04 05:09:00

  • Forecast: No housing recovery until 2009

    Boston Globe - But Faucher said mortgage lenders' tighter credit standards are hitting the housing market hard this year, including in the Boston area. Interest rates for jumbo mortgages, which are used heavily in expensive markets like Boston's, are almost a full ...
    2008-03-04 06:35:00

  • Mortgage counselors' efforts get low marks

    Daily Breeze - Efforts by mortgage lenders to negotiate new loan terms for borrowers at risk of foreclosure are falling short in California, according to a survey of mortgage counseling agencies released Monday by a consumer advocate group. The California ...
    2008-03-04 12:30:00

  • Council of Mortgage Lenders: News & Views no 4

    Politics.co.uk - Today we publish a new edition of our newsletter CML News & Views. The main article, The Budget: Action Needed on Stamp Duty and ISMI, focuses on our submission to the chancellor for his forthcoming Budget. We call for reform of stamp duty to help ...
    2008-03-04 03:29:00

  • Bernanke Urges Lenders to Increase Writedowns of U.S. Mortgages

    Bloomberg - March 4 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke urged lenders to expand mortgage writedowns for borrowers whose home values have declined, saying more must be done to stem foreclosures. ``Efforts by both government and private-sector ...
    2008-03-04 06:06:00

  • Intellidyn Helps Mortgage Lenders Target New GSE and FHA Expanded Loan ...

    Consumer Electronics Net - BOSTON, BUSINESS WIRE -- Intellidyn(TM) Corporation (www.intellidyn.com) today announced new market sizing and predictive marketing models to assist retail mortgage lenders immediately identify and market to homeowners who now qualify for refinance ...
    2008-03-04 06:35:00

  • Bernanke urges 'vigorous response' to housing crunch (Straits Times)

    WASHINGTON - US FEDERAL Reserve chairman Ben Bernanke called on Tuesday for a 'vigorous response' to help stem rising home foreclosures, saying some banks could do more to help ease the US housing crunch.
    2008-03-04 07:06:53

  • Spitzer to propose new foreclosure legislation (Capital News 9)

    Governor Spitzer is proposing new legislation aimed at New Yorkers faced with losing their homes. The Governor is unveiling a bill today that would make it harder to begin foreclosures within the state.
    2008-03-04 07:12:11

  • Stocks Set to Fall on Intel, Citi News (BusinessWeek)

    A disappointing update from the chipmaker and worries about the giant bank's capital weighed on the market Tuesday
    2008-03-04 07:12:30

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