Mortgage and Financial News From 2008-2-6 Page 11

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  • Feinstein introduces mortgage lender legislation

    MSN MoneyCentral - There's not enough coordination between state regulators to prevent unscrupulous mortgage originators from continuing to ensnare unsuspecting people in sub-prime predatory loans," said Martinez, a member of the Senate Banking Committee and a former ...
    2008-02-06 02:17:00
  • Senate Blocks Expanded U.S. Economic Stimulus Plan (Update1)

    Bloomberg - They also would establish tax incentives for businesses to invest in new equipment and increase the size of mortgage loans that Fannie Mae and Freddie Mac can buy to add capital to the housing market. The Senate measure would provide $500 ...
    2008-02-06 03:21:00
  • Freddie Mac would isolate jumbo loans in MBS

    Reuters - LAS VEGAS, Feb 6 (Reuters) - Freddie Mac, the second biggest provider of funding for U.S. residential mortgages, intends to keep jumbo loans out of its bread-and-butter mortgage bonds if given the authority to handle them, a Freddie Mac executive ...
    2008-02-06 03:14:00
  • Federal mortgage fraud probe yield indictments

    Chicago Tribune - Some defendants allegedly recruited others to act as buyers, sometimes telling them they would have no mortgage payments if they agreed to attend closings. Fraudulent loan applications were created, authorities said, and loans paid out to ...
    2008-02-06 08:29:00
  • States Say Mortgage Companies Fall Short on Loan Modification

    Wall Street Journal - Mortgage companies have stepped up their efforts to work with delinquent borrowers, but their actions aren't keeping up with the rapid rise in bad loans, a new study by state officials suggests. The study, compiled by the State Foreclosure Prevention ...
    2008-02-06 08:43:00
  • Analysts See Better Cigna Growth in 2009

    Forbes - Citi analyst Charles Boorady said credit concerns and the company's mortgage portfolio didn't significantly hurt Cigna, and the company did say in its conference call that its investment portfolio of bonds and commercial mortgage loans has no direct ...
    2008-02-06 03:57:00
  • Which bank accused of greed? - NEWS.com.au

    Which bank accused of greed?NEWS.com.au, Australia - 2 hours agoCBA, which is Australia's biggest mortgage lender, had already lifted the rate on its variable home loans by 10 basis points last month, despite no action ...
    2008-02-06 06:11:12
  • Darling plays down housing crash fears - Guardian Unlimited

    Darling plays down housing crash fearsGuardian Unlimited, UK - 2 hours agoDarling said that a key issue was the seized-up state of the wholesale mortgage markets - the volume of loans granted by specialist lenders that lack a ...
    2008-02-06 06:32:03
  • Imperial Capital Bancorp, Inc. Reports Earnings for the Quarter ... - CNNMoney.com

    Imperial Capital Bancorp, Inc. Reports Earnings for the Quarter ...CNNMoney.com - 2 hours ago... the total of $22.5 million of loans transferred to non-performing status during the quarter. With the housing and secondary mortgage markets continuing ...
    2008-02-06 06:32:29
  • Facing losses on bad loans, banks boost credit card rates - USA Today

    Facing losses on bad loans, banks boost credit card ratesUSA Today - 2 hours agoLast month, after the bank announced a large write-down on bad mortgage loans, CFO Gary Crittenden replied to an analyst's question about whether Citi would ...
    2008-02-06 06:39:41
  • Hiding under the umbrella - Khaleej Times

    Hiding under the umbrellaKhaleej Times, United Arab Emirates - 1 hour agoBut every sensible homeowner or farmer or small businessman knows that, once you take out a loan (mortgage) from another party, or sell a share of your ...
    2008-02-06 07:00:32
  • Housing troubles put squeeze on Temple-Inland, two spinoffs - Austin American-Statesman

    Housing troubles put squeeze on Temple-Inland, two spinoffsAustin American-Statesman, TX - 1 hour agoThe banking company gets much of its interest income from adjustable-rate mortgage loans and loans to builders of single-family homes. ...
    2008-02-06 07:00:45
  • Be Happy With What You Can Afford - Washington Post

    Be Happy With What You Can AffordWashington Post, United States - 1 hour agoShe is planning to buy a $300000 house in June using (sigh) an ARM loan of 100 percent and using the $6000 in savings for closing costs. Her mortgage would ...
    2008-02-06 07:08:21
  • Worse is yet to come in housing crisis - Socialist Worker Online

    Worse is yet to come in housing crisisSocialist Worker Online, IL - 1 hour ago... package to restructure loans--for example, disputes between holders of securities tied to the loans and incentives for mortgage-servicing companies that ...
    2008-02-06 07:49:35
  • Couple wages 11-year battle to build local Globe Theater - Agoura Hills Acorn

    Couple wages 11-year battle to build local Globe TheaterAgoura Hills Acorn, CA - 1 hour ago"We had to mortgage our house four times over the process. And we had to use the money we had set aside for publicity and advertising. ...
    2008-02-06 07:53:47