Mortgage and Financial News From 2009-3-30 Page 21

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  • Yes, I filled out a bracket and will watch as much as possible - Town Hall

    Yes, I filled out a bracket and will watch as much as possibleTown Hall, DCHowever, the root cause of the recession has been the Federal Reserve’s low-interest-rate policy on short-term loans. This policy led to uncontrolled growth in the housing market in the early 1990s, the willingness of mortgage lenders to underwrite ...
    2009-03-29 11:39:13

  • Credit checks and balances - Zawya

    Credit checks and balancesZawya, United Arab EmiratesAn individual could have loans from different banks without any of the banks knowing, and this happened quite frequently." Emcredit, which was established in 2006 by the Dubai Government's Department of Economic Development, was the country's first ...
    2009-03-29 11:39:44

  • Pegasystems SmartBPM Powers Obama Mortgage Plan - Integration Developers

    Pegasystems SmartBPM Powers Obama Mortgage PlanIntegration Developers, CAThe on-going credit crisis, combined with falling home prices, are creating a surge in the number of troubled mortgage loans. To forestall foreclosure or default, the Obama Administration recently announced the ‘Homeowner Affordability and Stability ...
    2009-03-29 11:44:48

  • Even banks giving up foreclosures - Pioneer Press

    Even banks giving up foreclosuresPioneer Press, MN... where investors and banks want speedy closure by writing off bad loans as losses. Banks and investors typically lose 40 percent to 50 percent of their investment on every foreclosure. Guy Cecala, publisher of Inside Mortgage Finance, ...
    2009-03-30 12:02:38

  • G-20 leaders need to look beyond own countries - Business Day

    G-20 leaders need to look beyond own countriesBusiness Day, South Africa... Monday is a three-part public-private investment programme that offers private investors large amounts of cheap state financing for every dollar of their own money they put up to buy bad home loans and mortgage-related securities from the banks. ...
    2009-03-30 12:08:23

  • Still waiting for help - Socialist Worker Online

    Still waiting for helpSocialist Worker Online, ILThen there's Shataysha, who just graduated from Southern Illinois University in Carbondale with a bachelor's degree in journalism--and $50000 in student loans. She says her job hunt has been "very, very, very difficult. I've been networking with ...
    2009-03-30 12:14:36

  • Trillions for Wall St., poverty for workers - Workers World

    Trillions for Wall St., poverty for workersWorkers World“It works like this, according to the Treasury Department fact sheet: Imagine that a bank wants to sell mortgage loans with a $100 million face value. The FDIC [Federal Deposit Insurance Corporation] would auction the loans to private bidders. ...
    2009-03-30 12:16:51

  • Boston’s John Hancock Tower May Be Sold for Half of 2006 Price - Bloomberg

    Boston’s John Hancock Tower May Be Sold for Half of 2006 PriceBloombergThe building will go on the auction block tomorrow in New York under state rules that govern mezzanine loan foreclosures. Mezzanine loans are intended to fill the gap between a first mortgage and the borrower’s cash down payment. ...
    2009-03-30 12:23:30

  • Harbor National Bank stays ‘on track’ - The State

    Harbor National Bank stays ‘on track’The State, SCHarbor is among the community lenders that managed to steer clear of the subprime mortgage meltdown that has devastated many bank balance sheets. Rivers said past-due and other problem loans make up less than 1 percent of his bank’s portfolio. ...
    2009-03-30 12:36:53

  • JapanToday: Japan News and Discussion ジャパントゥデイ:日本のニュースを英語で読む (Japan Today)

    General Motors Corp. Chairman and CEO Rick Wagoner will step down immediately at the request of the White House, and new directors will make up the majority of GM’s board in a major management shake-up of the country’s largest automaker, GM confirmed Monday.
    2009-03-30 12:22:54

  • (AFX UK Focus) 2009-03-30 06:02 Regulators see new role for Fannie, Freddie - WSJ (Interactive Investor)

    March 30 (Reuters) - The regulator of U.S. government-controlled Fannie Mae and Freddie Mac is looking at ways the two firms might help finance small mortgage banks hobbled by a dearth of credit, the Wall Street Journal reported. The WSJ, quoting a Federal Housing Finance Agency (FHFA) spokeswoman, said the regulator is exploring options through which the two mortgage finance companies might ...
    2009-03-30 12:24:36

  • Even banks giving up foreclosures (Pioneer Press)

    SOUTH BEND, Ind. — Mercy James thought she had lost her rental property to foreclosure. A date for a sheriff's sale had been set, and notices about the foreclosure process were piling up in her mailbox.
    2009-03-30 12:25:47

  • A kid's eye view of the economy (The Times-News)

    The economy is not something kids ordinarily think much about, and many adults don't think about it, either. But these aren't ordinary times. The U.S. economy and others around the world have run into serious trouble, so the economy is the biggest news of the year.
    2009-03-30 12:33:47

  • GM CEO Wagoner forced out as part of gov't plan (INO News)

    (AP:DETROIT) Time and time again, General Motors Corp.'s board of directors reaffirmed its support for Chairman and CEO Rick Wagoner, even as the company piled up billions of dollars in losses and begged for government loans to stay alive.
    2009-03-30 12:44:24

  • Russia Seeks Top Table Seat At G20 Summit (INO News)

    MOSCOW (AFP)--President Dmitry Medvedev heads to the G20 summit promoting a makeover of the global economic order designed to win Russia respect and keep major economies, America's in particular, in check.
    2009-03-30 12:44:44

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