Mortgage and Financial News From 2009-1-11 Page 01
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Lenders foresee the unforeseen - New Mexico Business Weekly
New Mexico’s banks and mortgage lenders will face two unpredictable, uncontrollable factors in 2009 For those trying to maintain the flow of credit to small businesses and homebuyers, 2008 was an unsettling year. If New Mexico fared somewhat better ...
2009-01-05 12:22:00 -
Groups say changes leave loopholes for mortgage lenders - Portsmouth Herald
WASHINGTON, D.C. — The nation's largest organizations of professional real estate appraisers have voiced concerns about the revised Home Valuation Code of Conduct (appraisal code) released by the Federal Housing Finance Agency and Fannie Mae and ...
2009-01-05 04:54:00 -
Fraud, Free Markets, and the S & Ls - Lewrockwell.com
We choose between the liberty of market exchanges and the government control of production and distribution. In both cases, we want fewer criminals and losses. In both cases, we want policing, adjudication, and enforcement. Low or no criminality is a ...
2009-01-11 10:55:00 -
U.S. mortgage meltdown linked to 2005 bankruptcy law - Kansas City Star
There’s no shortage of blame for the mortgage crisis that drove the economy into the ditch. But here’s a fresh culprit: the 2005 bankruptcy reform act, which was strongly pushed by the credit card industry. So say three researchers at the Federal ...
2009-01-10 05:56:00 -
Bank of the United States - Wall Street Journal
At first glance, Citigroup's endorsement last week of a Senate plan to allow bankruptcy judges to break mortgage contracts looks like a scene from "Goodfellas." Since October, the government has invested $52 billion in Citi, while agreeing to eat up ...
2009-01-11 10:26:00 -
Deroy Murdock: Break up and privatize Fannie Mae and Freddie Mac - Union Leader
Here's how Barack Obama can hit an economic home run: privatize Fannie Mae and Freddie Mac. Dissecting these mega-agencies and selling the resulting slivers would accomplish three key objectives. First, this would begin to reverse Comrade Bush's neo ...
2009-01-11 10:48:00 -
Record number of mortgage modifications in Indiana - WHAS 11
A record number of Indiana residents are trying to save their homes from foreclosure by modifying their mortgages in deals that lower or delay their monthly payments. During the third quarter of 2008, there were 5,000 mortgage modifications statewide ...
2009-01-11 05:11:00 -
No helping hand (Crain's New York Business)
Struggling families sue mortgage fixer AMA; paid but got nothing in return
2009-01-11 05:13:42 -
LOOKING BACK (Lancaster Eagle-Gazette)
10 YEARS
2009-01-11 05:43:21 -
The Telegraph - Calcutta (Kolkata) | Business | Housewarming (The Telegraph)
Sandip and Smita Palit have a picturesque duplex in Salt Lake. Sandip used most of his retirement benefits to build this house, while Smita, who will retire this year from her bank job, had taken a small loan.
2009-01-11 04:03:36 -
New Loan Options May Help Housing Market (WCCO Minneapolis - St. Paul)
This will be an interesting week for anyone wondering about the future of Twin Cities real estate. On Wednesday, the Minneapolis Area Association of Realtors will be releasing the latest statistics on how the market is doing.
2009-01-11 10:51:41 -
Refinancing a 'no-brainer' (Sioux City Journal)
SIOUX CITY -- Looking to free up cash by refinancing their homes at the lowest rates in a generation, tri-state homeowners have flooded area lender offices in recent weeks.
2009-01-11 10:55:06 -
'Third quarter was difficult for banks' - Business Standard
We had a fairly strong business momentum since the first and the second quarter and we managed to continue with it during the third quarter. Our fees continued to grow. We also continued to maintain the non-performing assets (NPAs) at the minimum ...
2009-01-11 09:15:00 -
Call rates may hold below 5%, Re may consolidate - Economic Times
Call rates realigned with the lower LAF reverse repo rate, settling in the range of 4.10-4.50% over the week indicating ample liquidity. Lower demand for funds due to adequate cash and inflows through the T-bill redemption, coupled with interest ...
2009-01-11 03:31:00 -
CBI urges action to ease credit flow - Financial Times
The CBI is stepping up its campaign to persuade government to bring forward plans to ease the flow of credit, as it says financial services companies are suffering the largest falls in income and profitability since the employers’ organisation ...
2009-01-11 06:45:00