Mortgage and Financial News From 2009-5-18 Page 01
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Who Are These Bad Guys In This Mortgage Mess? - Post Chronicle
--With all of the current conversation about the necessity of helping home owners who are in danger of losing their homes, there is additional conversation regarding should we help everybody. Although it is easy to point fingers, perhaps there is a ...
2009-05-18 03:55:00 -
BEA homes in on old-flat loans - Hong Kong Standard
Banks are actively promoting residential mortgage programs following a huge amount of hot money flowing into Hong Kong. Bank of East Asia (0023) said yesterday it is extending the residential mortgage loan tenor for old flats by up to 10 years. The ...
2009-05-18 02:15:00 -
Consolidating Your Loans by Refinancing - Walletpop.com
When you refinance , you often seek to replace your current mortgage loan with a new loan that has a lower interest rate. The new lender pays off the current lender and becomes the lien holder on your home. If you have other debts and want to combine ...
2009-05-14 07:56:00 -
Federal Home Loan Bank of Boston stung by MBS portfolio - Birmingham Business Journal
The Federal Home Loan Bank of Boston , a key source of funds for New England lenders, estimates it will post a loss of $83.4 million in the first quarter because of troubled investments whose values are expected to be reduced by several hundred ...
2009-05-18 01:39:00 -
Harry Gross: Feds will slice my mortgage? - Philadelphia Daily News
Dear Harry: My employer has cut us back to four days a week in a program called "save the jobs." As a result, it's getting very hard to keep up my payments. The payments on the mortgage are $1,434. My monthly income is $4,100. I heard that one of the ...
2009-05-18 04:45:00 -
Julie Fuller Jones Named Bank's Vice President of SBA Lending (dBusinessNews.com)
DALLAS -- Julie Fuller Jones has joined Southwest Securities, FSB, the commercial banking subsidiary of SWS Group, Inc. , as Vice President of SBA Lending.
2009-05-18 10:05:32 -
Corsicana officer's hard work uncovered huge mortgage scam (Fort Worth Star-Telegram)
A 58-year-old woman is sentenced to 18 years in a plea deal.
2009-05-18 10:19:33 -
May 19, 2009 | 9:40 IST (India Infoline)
US stocks surged on Monday, buoyed by positive reports on the battered housing market and upbeat earnings from home improvement retailer Lowe's. An upgrade of Bank of America too encouraged investors to resume their shopping spree after last week's selloff.
2009-05-18 11:10:56 -
JPMorgan Chase to cut Massachusetts mortgage offices (Boston Herald)
JPMorgan Chase & Co. is pulling back on its mortgage operations in Massachusetts, closing offices and reducing its headcount throughout the region. A company spokesman...
2009-05-18 11:20:39 -
In Advising U.S., BlackRock Thrives in Uncertain Times (New York Times)
Questions are being raised over an apparent conflict between BlackRock?s role as a government adviser and its profits as manager of troubled assets.
2009-05-18 11:25:13 -
Accounting practice tightened in the wake of banks' losses (St. Louis Post-Dispatch)
The board that sets U.S. accounting standards on Monday moved to end companies' use of a device that allowed them to park hundreds of billions of dollars in loans off their balance sheets without capital cushions and has been blamed for helping stoke banks' losses in the housing boom.
2009-05-18 11:40:26 -
Marriott's sister gets 18 years in mortgage fraud plea (Corsicana Daily Sun)
A North Texas woman was sentenced to 18 years in prison Monday for her involvement in a complex mortgage fraud scheme that defrauded the federal government.
2009-05-18 11:40:49 -
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2009-05-18 11:41:47 -
Ghana holds prime rate at 18.5 pct - Forbes
ACCRA, May 12 (Reuters) - The Bank of Ghana held its prime interest rate at 18.5 percent on Tuesday, Governor Paul Acquah told a news conference after a quarterly meeting of the bank's Monetary Policy Committee. At its last meeting in February the ...
2009-05-11 07:53:00 -
Bovespa Advance on Rate, Metal-Price Speculation; Bolsa Gains - Bloomberg
May 18 (Bloomberg) -- Brazil’s Bovespa climbed, rebounding from its biggest weekly drop in three months, after economists forecast larger interest-rate cuts and metal producers rose on speculation steel demand will recover. Gafisa SA and B2W Cia ...
2009-05-18 09:14:00