Mortgage and Financial News From 2008-3-9 Page 7

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• Rapid slowdown in subdued home market

  Stuff - Volume was "really dropping" after banks raised mortgage rates to almost 10 per cent on some fixed rates late last month, with ... The value of home building fell 1.5 per cent in the December quarter. On the other hand, the housing market is being hit ...
  2008-03-09 01:41:00

• Entering the repossession lane

  Boston Globe - Entering the repossession lane Default rate soars on auto loans in pattern likened to mortgage crisis ... When lenders sent a tow truck to repossess his silver 2001 Lincoln LS last month, Myles Chilcot eagerly ...
  2008-03-07 02:24:00

• Close more Loans - Offer a Cruise4Two

  Colleyville Courier - Offer a 5-Day/4-Night Cruise4Two for only $159.00 per certificate. Not just an unprecedented deal on a top-name cruise, but a complete marketing program with marketing materials included. Current Mortgage rates at 2-year lows. Federal fund rates ...
  2008-03-09 01:20:00

• RE/MAX CEO blames Wall Street for mortgage crisis

  KUSA-TV - ... International says Wall Street is the primary culprit behind the country's mortgage ... it did not compare to the mid-1980s when the oil boom ended and interest rates ... because it's less expensive for them to do that, keep the people in (the home ...
  2008-03-09 03:43:00

• Credit woes hit student loans

  Boston Herald - ... have advice for families worried the credit crunch caused by the subprime-mortgage ... find it harder to get private loans, and may end up paying higher interest rates ... News tips | Electronic edition | Browser upgrade | Home ...
  2008-03-09 01:41:00

• FBI Investigates Countrywide

  Wall Street Journal - The inquiry involves whether company officials made misrepresentations about the company's financial position and the quality of its mortgage loans in securities filings, four people with knowledge of the matter said.
  2008-03-07 03:57:00

• In the grip of implacable forces

  Financial Times - The US already has what must be the world’s most generous fiscal dispensation for mortgage borrowers – uncapped tax relief for owner-occupiers, plus colossal “government sponsored entities” to guarantee loans, implicitly subsidise mortgage ...
  2008-03-09 12:37:00

• Veterans' Loans Left Out of Stimulus Plan

  Washington Post - Resize Text When Congress and the White House put together the $150 billion economic stimulus package, they raised the maximum mortgage limits in high-cost areas for Fannie Mae , Freddie Mac and the Federal Housing Administration . But lawmakers ...
  2008-03-07 12:58:00

• Mortgage Newsletter

  Colleyville Courier - Professional Mortgage $150,000 Loan for $391/month - Refinance, Home Equity and Purchase. Historic Low Rates From Top Lenders - No Obligation, No SSN Required & Bad Credit OK.
  2008-03-09 10:21:00

• Darling in 'cheaper mortgages plan'

  Western Telegraph - ... by Prime Minister Gordon Brown last summer, will help more people into home ownership by providing greater stability of mortgage repayments. Mortgages that are fixed for 25 years are already available but only six lenders offer them. The loans also ...
  2008-03-09 12:37:00

• Australia 'on verge of recession'

  News.com.au - THE economy is headed for recession next year, with a 50 per cent plunge in share ... Sydney house prices in landslide Panic selling houses can be a costly mistake US home foreclosures hit record high Property rush to ease on rates strain Mortgage time ...
  2008-03-09 01:56:00

• Triad Guaranty Mortgage Insurance Now Available on Fiserv's UniFi(R ...

  Forbes - This allows buyers to achieve homeownership sooner, facilitates the sale of mortgage loans in the secondary market and protects lenders from credit default-related expenses.
  2008-03-07 10:35:00

• Countrywide reportedly under FBI investigation

  CNN Money - The probe will examine underwriting and mortgage origination practices, and whether the company misrepresented losses related to subprime loans, the paper said.
  2008-03-09 12:51:00

• How government makes things worse

  Boston Globe - WHAT DO ethanol and the subprime mortgage meltdown have in common? ... denying mortgages to black borrowers - by pressuring banks to make home loans in ... compensate for the higher risks they were taking by charging higher interest rates ...
  2008-03-09 01:34:00

• Written by Yinka Kolawole

  Vanguard - Union Homes, a subsidiary of Union Bank Plc, is the leading mortgage lender in Nigeria, specializing in originating residential mortgage loans through retail channels.
  2008-03-09 03:29:00

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