Mortgage and Financial News From 2009-3-23 Page 01

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  • NHMFC eyes second batch of mortgage-backed bonds - ABS-CBN

    State-run National Home Mortgage Finance Corp. (NHMFC) is eyeing the issuance of another batch of residential mortgage-backed bonds within the year following the success of its maiden offer. Joseph Peter S. Sison, NHMFC president, said the government ...
    2009-03-23 11:39:00
  • Second time lucky - Economist.com

    WILL it be second time lucky for Tim Geithner? On Monday March 23rd, six weeks after being heckled for a maddeningly vague bank-rescue plan, America’s beleaguered treasury secretary at last gave details of a public-private partnership to invest in ...
    2009-03-23 04:40:00
  • MAJOR PROBE INTO EXPENSES AS MP CLAIMS £60,000 FOR SECOND HOME JUST ... - Daily Express

    A SLEAZE watchdog will launch a major probe into MPs' expenses after an official complaint was lodged over Labour minister Tony McNulty's £60,000 claims. Tory frontbencher Greg Hands has asked Commons Standards Commissioner John Lyon to look into Mr ...
    2009-03-23 07:03:00
  • Resolution would offer apology for slavery - Connecticut Post

    Resolution would offer apology for slaveryConnecticut Post, CTMore recently, many blacks were exploited in the sale of subprime home mortgages and receive more-severe prison sentences than white convicts, he said. "I share your belief that the world we're living in today has been very much affected by our history ...
    2009-03-23 05:52:25
  • Geithner turns to investors to purge toxic assets - Calgary Herald

    Geithner turns to investors to purge toxic assetsCalgary Herald,  CanadaThe second half of the Treasury’s contribution will go to the “Legacy Securities Program.” The objective of the initiative is to generate prices for securities backed by mortgages that are no longer traded because investors have little confidence about ...
    2009-03-23 06:23:01
  • Obama plays his $1 trillion card - Independent

    Obama plays his $1 trillion cardIndependent, UKLower mortgage rates and much lower house prices appear to be stimulating the housing market. Sales of second-hand homes rose unexpectedly strongly last month, according to a report yesterday, rising 5 per cent. Investors said rising stock markets and ...
    2009-03-23 07:04:52
  • Lender is granted possession of three homes - Irish Times

    Lender is granted possession of three homesIrish Times, IrelandA second possession order was granted to Start mortgages, after the defendant never honoured proposals to make repayments. In 2008, the defendant said he had difficulty making repayments as he had lost his job, but gave assurances to make weekly ...
    2009-03-23 07:10:21
  • Huff, puff and build your house - Irish Times

    Huff, puff and build your houseIrish Times, IrelandGovernments, banks and employers all benefit from having a society yoked under mortgages – it ensures control, compliance and vast profits through taxes and interest payments. Now might be a time to reconsider all this. A house should, and can, ...
    2009-03-23 07:10:54
  • The shop assistant - guardian.co.uk

    The shop assistantguardian.co.uk, UKHe had just finished his training and his wife was expecting their second child. I was a pensioner by then, working just eight hours a week, but the other girls had houses, mortgages, young children. I worried how they were going to manage. ...
    2009-03-23 07:12:57
  • Midwest home sales fall 18 percent in February - The Associated Press

    Midwest home sales fall 18 percent in FebruaryThe Associated PressChristie said he's seen fewer buyers than normal and believes it's partly because lenders have increased their requirements for mortgages, forcing potential buyers to provide more documentation on income and other financial factors. ...
    2009-03-23 07:50:17
  • Sweating Bullets at Wells Fargo - New York Times

    Sweating Bullets at Wells FargoNew York Times, United States... particularly its $120 billion of option ARM mortgages? Wells has categorized only half of them as impaired, a much smaller proportion than some rivals. But it did write the problem home loans down more aggressively. Second, what capital levels will ...
    2009-03-23 07:51:26
  • Look out! The sky is falling again and again and again ... - Las Vegas Business Press

    Look out! The sky is falling again and again and again ...Las Vegas Business Press, NVLowenstein wrote about a 2393 subprime-mortgage pool of valued at $430 million that Moody's was evaluating. A spreadsheet on the mortgages, probably should have given Moody's pause, he wrote; it showed three-quarters of the borrowers had ...
    2009-03-23 08:00:32
  • Stimulate Without Debt, Bankrupt the Banksters! - OpEdNews

    Stimulate Without Debt, Bankrupt the Banksters!OpEdNews, PATell the courts, "You have the President and Congress's approval and legislative assistance, if necessary, to start writing down mortgages to allow people to stay in their homes." Tell the few big banks in deep trouble "We're suspending TARP and TALF. ...
    2009-03-23 10:00:46
  • Obama's Weimar Republic Solution To The Meltdown: Hyperinflation! - VDARE.com

    Obama's Weimar Republic Solution To The Meltdown: Hyperinflation!VDARE.com, VAThe Fed will buy up $300 billion in long-term Treasury bonds and spend $750 billion more buying sub-prime mortgages to remove them from the balance sheets of ailing big banks, to get the banks lending again. Bernanke is printing money to buy US bonds. ...
    2009-03-23 10:09:28
  • Obama Administration Wants to Unclog Credit with New Bank Rescue Plan - KHON2

    Obama Administration Wants to Unclog Credit with New Bank Rescue PlanKHON2, HIAmerica's biggest banks hold at least one trillion in toxic assets, most of them linked to bad mortgages. Who wants to buy these mortgage-backed assets at face value? Riight now, no one. So treasury will spend up to $100 billion from the second phase ...
    2009-03-23 10:21:14