Mortgage and Financial News From 2009-5-7 Page 01
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Wells Fargo, Morgan Stanley Boost Capital After Test (Update1) - Bloomberg
Wells Fargo said today it will sell $6 billion of common stock to the public, Morgan Stanley aims to raise $5 billion by selling stocks and bonds and Citigroup is exchanging an additional $5.5 billion of preferred securities into common stock ...
2009-05-07 07:21:00 -
Mortgage investment reform wins US House approval - CNN Money
WASHINGTON (Reuters) - The rules of mortgage finance that held through a five-year housing boom and the current bust would change dramatically under a bill approved Thursday by the House of Representatives. By a 300-114 vote, the House approved a ...
2009-05-07 03:32:00 -
Pioneer Valley foreclosures reported down so far this year - The Republican - MassLive.com
Pioneer Valley foreclosures reported down so far this yearThe Republican - MassLive.com, MAAlso, lenders are holding off on taking homes simply because the lenders know they won't be able to sell them again. "They have finally learned it is better to have someone in a home, even if they aren't getting payments, rather than have that home ...
2009-05-07 05:56:51 -
Condo crash on the horizon? - Maple Ridge News
Condo crash on the horizon?Maple Ridge News, CanadaMoreover, with mortgage lenders offering loans at record low rates, a slew of new federal tax incentives aimed at first-time home-buyers, and significant promotions being offered by builders, the incentive environment to drive sales could arguably ...
2009-05-07 06:00:14 -
Mortgage debt crippling Irish families — Funchion - Kilkenny Advertiser
Mortgage debt crippling Irish families — FunchionKilkenny Advertiser, IrelandAccording to the Financial Regulator 14000 people were unable to meet their monthly repayments on home loans. “Sinn Féin during a recent debate urged the Government to introduce a two year moratorium on repossessions, while requiring lenders to ...
2009-05-07 06:00:46 -
How to pick the right life insurance policy - lovemoney.com
How to pick the right life insurance policylovemoney.com, UKIt's probably best to have enough insurance in place to cover the amount you have borrowed from your lender. The policy should also last for the duration of the mortgage term. Typically, that might last 25 years or so. Although, you may decide you ...
2009-05-07 06:03:19 -
It Goes Around and Comes Around - American Chronicle
It Goes Around and Comes AroundAmerican Chronicle, CAAll of this mortgage bailout help, foreclosure issues and falling home prices are there. Explain to me again why I should be that concerned about those regions? All I remember is vilification for the southwest when it had problems and the worst help in ...
2009-05-07 06:41:05 -
Form 10 - 1Q Report - Sydney Morning Herald
Form 10 - 1Q ReportSydney Morning Herald, AustraliaIn transactions where Merrill Lynch acts as the lender in a securities lending agreement and receives securities that can be pledged or sold as collateral, it recognizes an asset on the Condensed Consolidated Balance Sheets carried at fair value, ...
2009-05-07 08:57:53 -
FHA Seeks $800 Million to Cover Losses - Washington Post
FHA Seeks $800 Million to Cover LossesWashington Post, United States"Imagine a situation where a senior took out a loan for $200000, but they die 10 years later and the house is only worth $150000," said Guy Cecala, publisher of Inside Mortgage Finance. "That means the lender can only recoup $150000 even though it ...
2009-05-07 09:23:36 -
ANALYSIS-U.S. political risks grow in financial crisis (Indiana's NewsCenter)
NEW YORK (Reuters) - Political risk is becoming a growing concern for investors in the United States as the government plays a larger and more controversial role in private enterprise because of the financial crisis.
2009-05-07 05:13:29 -
Not all sub-prime (BBC News)
The US lender that proves you can trust the poor
2009-05-07 05:48:55 -
News in brief (The California Aggie)
Low-income refund program deadline nears Low-income homeowners who meet certain qualifications can receive a refund on their Davis Park Maintenance Tax and Open Space Protection Tax for 2008-2009 by submitting an application to the city by June 30. The tax appears on property tax bills. This program is an exemption, not a refund.
2009-05-07 05:50:58 -
Mortgage lending falls 17 percent y/y in March (Tiscali)
LONDON (Reuters) - Mortgage lending fell 17 percent in March compared to a year ago and lenders are eagerly awaiting action by the Bank of England to ease the credit crunch, the Council of Mortgage Lenders said on Friday.
2009-05-07 05:55:11 -
People crowd room in Stuart to learn more about Chinese drywall (Stuart News)
While little scientific facts are still known about the drywall, Karen Scott, vice president of Asset Advisors and Managers, conducted a two-hour presentation on everything from what is Chinese drywall to what the government is doing about it
2009-05-07 06:08:08 -
New Troubles For Troubled Mortgage Plan (Forbes)
Obama is struggling to overhaul the Hope for Homeowners program. Probes into its main lender won't help.
2009-05-07 06:15:07