Mortgage and Financial News From 2009-7-7 Page 01
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Life insurance can protect your home - Frost Illustrated
You and your family have worked hard to acquire your home, a rental property or other real estate holdings, and you qualified for that mortgage thanks to your income level, excellent credit rating and financial history. But, what would happen if you ...
2009-07-07 10:52:00 -
Mortgage products market shrinks by 90% - The Guardian
The number of different mortgage products available to buyers and people remortgaging has shrunk to less than a tenth of the level it reached when the housing market was at its peak in 2007, research showed today. There are now just 2,282 home loans ...
2009-07-07 09:34:00 -
Let's Treat Borrowers Like Adults - Wall Street Journal
Imagine a man in California who speculated in real estate at the height of the housing bubble. He bought a house with no money down and an adjustable-rate mortgage. But before he could flip that house for a profit, the market collapsed. He then owed ...
2009-07-07 11:53:00 -
People's bank needed, economists say - Farm Weekly
THE growing power of the Big Four banks has been targeted by a coalition of six influential economists, who have petitioned the Prime Minister and the Treasurer to set up an inquiry into Australia's financial system. They have suggested the ...
2009-07-07 10:48:00 -
Banks likely to 'tough it out' - Stuff
OPINION: So, according to the Reserve Bank, we poor lenders who take out home loans on floating rates are being ripped off. The central bank, in a paper this week, said the margins on floating rates are too high and they should come down. They are ...
2009-07-07 11:53:00 -
Mortgage Securities Don’t Limit Loan Modifications, Fed Says - Bloomberg
July 7 (Bloomberg) -- Mortgage securitization hasn’t been responsible for the “small fraction” of delinquent U.S. debt being reworked to aid borrowers, contrary to assumptions behind the government’s response to soaring foreclosures ...
2009-07-07 10:31:00 -
East Tenn. lenders forgo fed program for their own plans to help ... - Knoxville News Sentinel
How are local banks working with customers who are struggling to pay their mortgage? Here’s what Knox County’s four largest lenders — by deposit market share — had to say. First Tennessee: A spokesman said that initially, 160 Tennessee ...
2009-07-07 11:03:00 -
State releases $7.5 million for home down payments - Kilgore News Herald
State releases $7.5 million for home down paymentsKilgore News HeraldThe department is releasing a total of $7.5 million through two separate second-lien mortgage programs designed to help qualifying first-time homebuyers ...and more »
2009-07-07 08:05:55 -
Report predicts minimal risk for home price declines in Dallas ... - Dallas Morning News
Report predicts minimal risk for home price declines in Dallas ...Dallas Morning NewsBut there's a "minimal" chance that D-FW home prices will be lower in two years than they are today, according to the latest study by mortgage insurance ...and more »
2009-07-07 10:17:09 -
East Tenn. lenders forgo fed program for their own plans to help ... - Knoxville News Sentinel
East Tenn. lenders forgo fed program for their own plans to help ...Knoxville News SentinelDan Podsobinski poses outside his Sevierville home. Home Federal Bank restructured Podsobinski's mortgage for a year after he left ...and more »
2009-07-07 10:53:24 -
Liberal policies reward bad and punish good behavior - Examiner.com
Liberal policies reward bad and punish good behaviorExaminer.comThe housing crisis started from governmental meddling in mortgage industry practices through the Community Reinvestment Act of 1999, requiring lenders to ...and more »
2009-07-07 11:12:46 -
Letters: Readers talk about illegal immigration, family values ... - Waco Tribune Herald
Letters: Readers talk about illegal immigration, family values ...Waco Tribune HeraldIn my opinion, our economic crisis was caused by the greed of real estate agents, mortgage companies and banks. These lenders took advantage of the American ...and more »
2009-07-07 11:15:54 -
Japan's Banks May Need to Brace for Mortgage Defaults - Bloomberg
Japan's Banks May Need to Brace for Mortgage DefaultsBloombergThe lender, which had total assets of 3.3 trillion yen as of March 31 and is based in Chiba prefecture, adjacent to Tokyo, has yet to see a spike in ...and more »
2009-07-07 11:23:38 -
BlackRock Said to Get PPIP Selection With Invesco, Wellington - Bloomberg
BlackRock Said to Get PPIP Selection With Invesco, WellingtonBloombergThe government unveiled the program in March when losses tied to home loans hobbled banks such as Citigroup Inc. and Bank of America Corp. and threatened to ...and more »
2009-07-07 11:38:55 -
Reverse loans cast a shadow - Sydney Morning Herald
Reverse loans cast a shadowSydney Morning HeraldOver the past year a number of reverse mortgage lenders have withdrawn from the market or stopped issuing new loans. The chief executive of reverse mortgage ...and more »
2009-07-07 11:52:09