Mortgage and Financial News From 2007-12-23 Page 14
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Brits won't lead recovery in state
Herald Tribune - The credit crunch and the U.K. government's refusal to increase fluidity precipitated the Northern Rock crisis. Knowing itself vulnerable to bad debt, Northern Rock has the best U.K. mortgage portfolio. No wonder others are queuing up to buy it. Two ...
2007-12-23 01:20:00 -
In the credit game, know your score
Kansas City Star - ... paying bills on time — is particularly important when you’re establishing credit or applying for a mortgage or ... balance to raise credit scores, “that’s not only wrong information, it’s bad advice,” Watts said. “Always paying your credit ...
2007-12-22 03:25:00 -
Corporate Accountability and WorkPlace: Credit Crunch: China to the ...
Stockhouse Canada - Wall Street is suffering a painful hangover from the excesses of easy credit. The subprime mortgage crisis is causing huge dents in the financial sector's profits. The size of the problem is awesome. One bad bet by a group of traders caused Morgan ...
2007-12-22 09:38:00 -
Federal Reserve acts to protect mortgage holders
Corpus Christi Caller - Mortgage lenders who were either greedy or unscrupulous, or both, lent billions of dollars in mortgages to borrowers who ... The Fed rules, which are now up for public comment, would, among other things, restrict lenders from penalizing bad credit ...
2007-12-23 02:31:00 -
Scramble is on to stem credit crunch
Buffalo News - WASHINGTON — Any doubts about the breadth and depth of the global credit crisis ... also anticipate they will have to take more write-offs and reserves for bad ... of governors last week proposed rules to prevent the kind of loosey-goosey mortgage ...
2007-12-23 03:36:00 -
Cheer up, things aren’t that bad (Times Online Sunday)
HOW much more gloom can you take? How much worse can it get? Bad news sells, so perhaps I should be laying it on with a trowel, frightening you into submission well before you get to the end of this piece.
2007-12-22 04:24:36 -
Fair Isaac’s new credit scoring model aims to forgive small slips (Lincoln Journal Star)
The company that cooks up credit scores for millions of Americans is changing its recipe — and that could affect how easily you get credit in the future.
2007-12-22 10:30:38 -
Lenders lure some to sketchy refinancing (Orlando Sentinel)
The mortgage crisis hasn't stopped ads, now pitched to those with good credit. Despite the mortgage meltdown, the blizzard of advertising for home loans continues.
2007-12-23 01:47:44 -
In the credit game, know your score (The Kansas City Star)
I always cancel credit cards I’ve stopped using, even if closing the accounts hurts my credit score by raising my debt-to-credit ratio. Why keep unneeded accounts open and risk identity theft?
2007-12-22 08:50:32 -
Fair Isaac's new credit score to be more forgiving (The Charlotte Observer)
The company that comes up with credit scores for millions of Americans is changing its formula -- and that could affect how easily you get credit in the future. Fair Isaac Corp., maker of the popular FICO credit score used by most lenders, says its new scoring model will better predict the likelihood of a borrower defaulting on a loan. For one thing, the new model, dubbed FICO 08, will be more ...
2007-12-23 12:07:48 -
Scramble is on to stem credit crunch (The Buffalo News)
WASHINGTON — Any doubts about the breadth and depth of the global credit crisis should have been dispelled by last week’s move by the European Central Bank to pump $500 billion in freshly printed euros into the banking system.
2007-12-23 03:58:22 -
Borrower beware on a mortgage (Asbury Park Press)
Taking a mortgage loan is the largest financial decision many people make in their lifetime.
2007-12-23 01:58:10 -
HIV today: A life sentence
Buffalo News - A decade ago, Chautauqua County health authorities made history by making public the name of a living carrier of HIV ... Reverse mortgages have critics wary Canada-to-U.S. crossings jump 41% Buffalo’s campaign against house-flipping is starting to pay ...
2007-12-22 12:52:00 -
The daunting struggle to be middle class
San Francisco Gate - Based on past reporting and profiles of subprime borrowers locally and across the country, many home owners refinanced from conforming loans and reverse mortgages to obtain subprime loans for a variety of reasons: home repairs, adding additions ...
2007-12-23 01:48:00 -
House passes 2008 intelligence budget (The Daily Reflector)
A technical problem delayed publication of these items, which cover the week ending Dec. 14. A Roll Call covering the week ending Dec. 21 will be published Monday.
2007-12-22 06:47:50
