Mortgage and Financial News From 2008-3-9
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The Housing Boom: Part Two (The Motley Fool)
Here's part two of our regional review of the property boom. These were the good times for homeowners!
2008-03-09 04:41:46 -
New Zealand House Prices Rise at Slowest Pace in Three Years (Bloomberg.com)
March 10 (Bloomberg) -- New Zealand's house prices rose at the slowest pace in three years in February as higher interest rates curbed demand for property.
2008-03-09 04:49:25 -
VISIONS OF THE FUTURE (The Buffalo News)
We're fascinated by the future. We bet you are, too.
2008-03-09 04:58:25 -
Houses of pain (The Beaver County Times)
Ryan Pritt said he had a choice as he struggled to find a good job: pay the mortgage, or clothe and feed his two children, ages 5 and 1.
2008-03-09 05:34:21 -
TAKE NO CREDIT
New York Post - US companies slashed 63,000 jobs in February, the most in nearly five years - and a reversal from the 25,000 jobs expected to ... due prime mortgages grew by 32 percent in the fourth quarter compared to the prior quarter, spreading fear that the mortgage ...
2008-03-09 01:07:00 -
Finance firms putting a spin on debts
Daily Breeze - Financial firms plagued by massive write-downs on their mortgage-related debt are trying to persuade investors their fortunes aren't as desperate as they seem. The corporate spin from companies such as MBIA Inc., Citigroup Inc. and American ...
2008-03-09 01:36:00 -
Countrywide under federal criminal inquiry in mortgage crisis
Dallas Morning News - It involves companies across the financial industry, including mortgage lenders, loan brokers and Wall Street banks that packaged home loans into securities.
2008-03-07 03:57:00 -
Accord aims to end inflated home appraisals
Daily Breeze - For the appraisal companies that lenders own, "it penalizes them because they're captive," Schurman said. The trade group representing mortgage brokers, which often designate specific appraisers under the current system, protested the agreement ...
2008-03-09 01:36:00 -
Ahead of the Bell: Mortgage Lenders
Forbes - Plummeting prices among mortgage assets in recent weeks have led to margin calls at both Thornburg Mortgage Inc. and a bond fund run by the Carlyle Group. Both companies said they received notices of default because they could not provide extra ...
2008-03-07 06:03:00 -
Company Profile for Integrated Mortgage Solutions
Forbes - The Houston-based company was created in 2000 with the sole purpose of helping mortgage servicing companies handle damaged properties efficiently and effectively by reducing costs, risks and administrative burdens. -0- *T Company:
2008-03-07 07:43:00 -
Stocks drop as job data deepens economic woe
Reuters - Another bout of troubling news from mortgage companies hammered the market for a second day after Thornburg Mortgage (TMA.N: Quote , Profile , Research ), a "jumbo" mortgage lender, said it failed to meet creditors' demands for more upfront cash and ...
2008-03-07 03:57:00 -
Does the mortgage broker work for you or the lender?
Herald Tribune - ... the Better Mortgage Bureau, the Hunt Valley, Md., service appears to be a place where brokers can pay a fee to add instant credibility to their names and companies. Similar to Expedia and Travelocity, the popular travel Web sites, numerous mortgage ...
2008-03-09 01:07:00 -
Reports: Countrywide Financial Corp. under federal investigation for ...
International Herald Tribune - The inquiry is part of a larger probe involving as many as 15 companies and comes in the midst of the subprime mortgage crisis. Bank of America Corp. is in the process of acquiring California-based Countrywide for about US$4 billion (€2.6 billion ...
2008-03-09 01:28:00 -
FBI begins Countrywide criminal inquiry: paper
CNBC - The Countrywide inquiry follows a broader investigation by the FBI into 14 companies as part of a review of the practices of the mortgage industry, the Times said.
2008-03-09 01:28:00 -
Sliding confidence blunts the Fed's tools
International Herald Tribune - Banks began calling in loans they had made to hedge funds, mortgage companies and others, forcing them to sell billions of bonds. The moves prompted concern about securities backed by Fannie Mae and Freddie Mac, the large government-chartered buyers ...
2008-03-09 01:50:00