Mortgage and Financial News From 2008-3-12 Page 01

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  • Darling May Raise U.K. Borrowing as Economic Slowdown Deepens

    Bloomberg - Since September, three months after Darling took over as finance minister, the Treasury came under fire for its handling of the global credit squeeze and the bailout of mortgage lender Northern Rock Plc, whose finance dried up.
    2008-03-10 05:58:00

  • Waiting for the Subprime Lawsuits

    BusinessWeek - Nearly half of those cases involve claims by home buyers, primarily alleging they got inadequate information from mortgage originators, many of which are now ... In February, German lender HSH Nordbank set tongues wagging on Wall Street when it sued ...
    2008-03-12 09:37:00

  • High price of an empty nest

    News.com.au - Family equity loans becoming popular with first home buyers Calculator ... Mortgage Choice corporate affairs manager, Warren O'Rourke, said rising house prices ... child to borrow a lot more for their house or unit without paying expensive lender ...
    2008-03-12 07:50:00

  • UPDATE: Proposal To Limit Banks' Dividends Elicits Strong Reactions

    CNN Money - Lessons from the Mortgage Meltdown" and written by economists David Greenlaw of Morgan ... However, the lender may still be short of capital and may now be looking for a cash ... Many poorer, less creditworthy home buyers took out loans with low introductory ...
    2008-03-12 09:45:00

  • Try, Try Again

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... is to say, the Fed will let the big brokerages offload their hard-to-sell mortgage ... That is a more than it had projected just four days earlier, but the lender's ...
    2008-03-10 05:58:00

  • Man who killed wife, committed suicide found in Delaware River

    Newsday - ... Police say they have recovered the body of a man who jumped from the Delaware Memorial Bridge in January after killing his wife at their Marlton home. Fifty-nine-year-old Walter Buczynski was an executive of a collapsed subprime mortgage lender.
    2008-03-11 04:45:00

  • Ask The Mortgage Expert

    Colleyville Courier - Mortgage Lender News Home Mortgage Mortgage Marketing Low Mortgage Mortgage Note Buyer ... Ask The Mortgage Expert Ask the MORTGAGE EXPERT!! I will answer your mortgage questions and then you can apply on ...
    2008-03-12 08:11:00

  • Bank of America presses on with bid for troubled lender

    Boston Globe - ... US bank by market value, plans to press ahead with its $4 billion takeover of Countrywide Financial Corp. , the mortgage lender ... may seek a lower price or walk away because the housing slump has deepened, with record foreclosures and falling home ...
    2008-03-10 09:11:00

  • BUSINESS BRIEFS

    New York Post - Thornburg Mortgage, the "jumbo" home lender struggling to meet mar gin calls, restated 2007 results to show a fourth- quarter loss instead of a profit. The final-quarter resulted in a $4.74 a share loss instead of the originally reported net income ...
    2008-03-12 02:11:00

  • Revamped scheme will allow key workers and first-time buyers to get on ...

    Guardian Unlimited - All the deals currently on offer will be withdrawn and replaced with two new offerings available from April 1: ยท MyChoiceHomeBuy, where an individual finds the home they want to buy and takes out a regular mortgage from any lender they choose for as ...
    2008-03-12 07:07:00

  • Mortgage application fees may rise on appraisal reform

    CNN Money - After all, a bidding war might push a home's price up, but a lender won't agree to issue a mortgage based on a sale price that isn't supported by a home's appraised value.
    2008-03-12 01:13:00

  • Carlyle Expects Banks to Seize Assets

    Newsday - If the borrower does not meet the margin call, the lender may sell the security. The value of mortgage-backed securities plummeted as U.S. home prices fell and foreclosures surged, prompting the banks to ask Carlyle for more than $400 million in ...
    2008-03-12 11:10:00

  • Dollar Falls to 12-Year Low Against Yen on Hedge Fund Failures

    Bloomberg - The currency also slid to an all-time low against the Swiss franc after Carlyle's mortgage-bond fund said lenders will seize ... of foreign-exchange trading in Tokyo at Bank of Tokyo-Mitsubishi UFJ Ltd., a unit of Japan's largest publicly traded lender ...
    2008-03-12 11:10:00

  • Treasuries Extend Gains; Carlyle Fails to Reach Lender Accord

    Bloomberg - March 13 (Bloomberg) -- Treasuries extended gains as Carlyle Group's mortgage-bond fund said it was unable to reach an agreement with lenders over defaulted debt, a sign that credit- market losses are deepening. Two-year notes rose for a second day ...
    2008-03-12 10:13:00

  • UPDATE: Shareholders Approve Toll CEO's Controversial Bonus Package (Nasdaq)

    BOSTON (Dow Jones) -- A controversial bonus package for the chief executive of Toll Brothers Inc. was approved by shareholders Wednesday despite heated opposition from a labor union and proxy-voting firms.
    2008-03-12 09:53:50

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