Mortgage and Financial News From 2008-2-6 Page 12

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• 12 Ways to Teach Your Kids Money Smarts - Winston-Salem Journal

  12 Ways to Teach Your Kids Money SmartsWinston-Salem Journal, NC - 58 minutes agoI have told Henry and Hannah that, if they want to go on to graduate school, they will have to take out loans. I may relent somewhat when the time comes. ...
  2008-02-06 07:59:03

• 플로서 총재, "경제 전망과 정책 과제" 연설문(원문) - 뉴스핌

  플로서 총재, "경제 전망과 정책 과제" 연설문(원문)뉴스핌, South Korea - 50 minutes agoIt cannot solve the bad debt problems in the mortgage market. It cannot re-price the risks of securities backed by subprime loans. ...
  2008-02-06 08:06:51

• Yahoo faces takeover bid with new board chair - San Francisco Chronicle

  Yahoo faces takeover bid with new board chairSan Francisco Chronicle,  USA - 48 minutes agoAfter recovering, the company fell onto hard times again recently when the subprime mortgage crisis forced it to write off $9.4 billion in bad loans. ...
  2008-02-06 08:09:14

• More Americans avoiding credit and paying as they go - Kansas City Star

  More Americans avoiding credit and paying as they goKansas City Star, MO - 39 minutes agoWith jobs shrinking, housing prices dropping and debt levels swelling, the same nation that pioneered the no-money-down mortgage suddenly confronts an ...
  2008-02-06 08:17:48

• Oracle of Omaha Warren Buffett says US dollar likely to continue ... - Cape Breton Post

  Oracle of Omaha Warren Buffett says US dollar likely to continue ...Cape Breton Post, Canada - 28 minutes ago... house prices would only go up and lenders believed that as well — until things began to unravel, first in the mortgage field and then corporate loans. ...
  2008-02-06 08:28:51

• Business News in Brief: Homebuilder revenues drop 22 percent - North County Times

  Business News in Brief: Homebuilder revenues drop 22 percentNorth County Times, CA - 20 minutes agoAs the number of mortgage defaults has increased, ratings agencies have worried bonds backed by the troubled loans will also default, triggering an ...
  2008-02-06 08:36:59

• Federal mortgage fraud probe yield indictments - Chicago Tribune

  Federal mortgage fraud probe yield indictmentsChicago Tribune, United States - 18 minutes agoFraudulent loan applications were created, authorities said, and loans paid out to participants who pocketed the money. A number of the properties involved ...
  2008-02-06 08:38:50

• What is a Soft market Policy?~By Michelle Young of Michelle Young ... - Pine Tree

  What is a Soft market Policy?~By Michelle Young of Michelle Young ...Pine Tree, CA - 11 minutes ago... making their mortgage payments because of interest rate factors, they stop paying their mortgage when their loan balance exceeds their market value. ...
  2008-02-06 08:45:38

• Bulgarians choose mortgage loans on size of monthly payment - Focus News

  Bulgarians choose mortgage loans on size of monthly paymentFocus News, Bulgaria - 3 minutes agoA considerable increase in the average mortgage loan maturity was recorded by the end of January, shows analysis of Credit Center consulting company Klasa ...
  2008-02-06 08:54:03

• OUTLOOK Deutsche Bank to post lower Q4, but credit crisis ... - Euro2day

  OUTLOOK Deutsche Bank to post lower Q4, but credit crisis ...Euro2day, Greece - 2 minutes ago... taken 2.2 bln eur in charges on leveraged loans and loan commitments as well as trading in structured credit products and mortgage backed securities. ...
  2008-02-06 08:54:46

• SUBPRIME COLLAPSE HitS WIDER AND DEEPER - Irish Independent

  SUBPRIME COLLAPSE HitS WIDER AND DEEPERIrish Independent, Ireland - 1 minute agoLosses from investments in subprime mortgages, loans made to people with little or no credit histories, may total as much as $400bn worldwide, Deutsche Bank ...
  2008-02-06 08:55:40

• Disbarred lawyer pleads guilty in almost $2 million real estate fraud (The Journal News)

  WHITE PLAINS - A disbarred Hartsdale lawyer admitted in court today that he used his dead father's Social Security number to commit a nearly $2 million real estate fraud.
  2008-02-06 08:15:44

• States Say Mortgage Companies Fall Short on Loan Modification (WallStreet Journal via Yahoo! Finance)

  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.
  2008-02-06 08:15:59

• Will New Rules On Mortgages Help Borrowers? (WallStreet Journal via Yahoo! Finance)

  Congress is moving to lower borrowing costs on "jumbo" mortgages. Lending experts caution, however, that lower costs could be offset by possible new fees and say many homeowners have too little equity to refinance.
  2008-02-06 08:16:59

• More Americans avoiding credit and paying as they go (The Kansas City Star)

  For more than half a century, Americans have proved staggeringly resourceful at finding new ways to spend money.
  2008-02-06 08:27:31

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