Mortgage and Financial News From 2009-7-21 Page 01
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Rule slows foreclosures - The State
Lenders were foreclosing on Charleston-area homes at a record pace in the second quarter of the year until the state’s highest court issued a rule that slowed the trend, leading to fewer foreclosures throughout South Carolina. Though the drop is ...
2009-07-21 06:32:00 -
Mortgage stress down, jobs stress up - News.com.au
THE proportion of Australians feeling mortgage stress has fallen despite the global financial crisis, although the threat of unemployment looms large, a mortgage industry participant has found. Genworth, the nation's biggest insurer of mortgages for ...
2009-07-21 05:02:00 -
US Treasury develops nonbank mortgage lender rules - Reuters
WASHINGTON, July 15 (Reuters) - Cash reporting requirements for U.S. banks may be expanded to non-bank residential mortgage lenders and originators, a federal agency that polices financial crimes said on Wednesday. The Financial Crimes Enforcement ...
2009-07-15 12:23:00 -
Foreclosures jump; lenders don't - The Daily Advertiser
Last week brought two items of housing-related news that shouldn't have to rest side by side in our heads. The first was that Louisiana home foreclosures were up sharply in June. Foreclosure-related actions numbered 1,452 in the state, or more than ...
2009-07-21 11:40:00 -
Mortgage lenders warn of 'slow recovery' - This is Money
Mortgage lenders have warned that there will be 'no dramatic improvement' in the property market and any recovery will be 'hesitant and slow'. Downbeat: Mortgage lenders have warned of no dramatic improvements in the market The latest monthly report ...
2009-07-21 01:56:00 -
Radian Agrees to Pay Ambac to End Reinsurance Deal - Bloomberg
Radian Agrees to Pay Ambac to End Reinsurance DealBloombergMortgage insurers pay lenders when homeowners default and foreclosures fail to cover costs. “A key component of our capital plan is to provide capital ...and more »
2009-07-21 05:38:06 -
British Business Lending Still Weak - BusinessWeek
British Business Lending Still WeakBusinessWeekThe Bank of England report said: "One factor that lenders have cited for the upward pressure of spreads over Libor or Bank rate has been the difficulty and ...and more »
2009-07-21 05:48:35 -
The prospects for buy-to-let investors - Citywire.co.uk
The prospects for buy-to-let investorsCitywire.co.ukMortgage lenders want a 30% or 35% deposit for new build, 25% if it is an older property.' Grandin says. Mortgage finance is available for those with the ...
2009-07-21 06:03:32 -
Boomerang generation comes home to roost - Independent
Boomerang generation comes home to roostIndependentThe problem for Lisa, and tens of thousands like her, is that mortgage lenders now require much larger deposits than before, while building rates for new ...
2009-07-21 06:06:07 -
Have UK mortgage rates bottomed out? - FinancialAdvice.co.uk
Have UK mortgage rates bottomed out?FinancialAdvice.co.ukHowever, the jump in demand between May and June appears to have caught many UK mortgage lenders off-guard and threatens to push up mortgage rates in the ...and more »
2009-07-21 06:14:33 -
Ladder Capital files $400m debt IPO - PrivateEquityRealEstate.com
Ladder Capital files $400m debt IPOPrivateEquityRealEstate.comLadder Capital Realty Finance (LCRF) will primarily target first mortgage originations as well as the purchase of and senior participation in fixed and ...and more »
2009-07-21 06:21:10 -
Mortgage Broker Pleads Guilty to Fraud Scheme - Ozarks First
Mortgage Broker Pleads Guilty to Fraud SchemeOzarks FirstThe former mortgage broker and co-owner of Metro Consulting Group says she defrauded lenders from March to July 2006. She's accused of drawing up ...and more »
2009-07-21 06:28:07 -
FACTBOX: Where has the US bailout money gone? - Reuters
FACTBOX: Where has the US bailout money gone?Reuters$50 billion pledged to reduce mortgage foreclosures by providing incentives to lenders and servicers to modify loans. It has allocated $18.74 billion in ...
2009-07-21 07:03:09 -
Radian Announces Commutation of $9.8 Billion Ambac Portfolio - FOXBusiness
Radian Announces Commutation of $9.8 Billion Ambac PortfolioFOXBusiness... headquartered in Philadelphia, provides private mortgage insurance and related risk management products and services to mortgage lenders nationwide ...and more »
2009-07-21 08:17:10 -
House prices rise, but concerns grow over defaults for first home ... - SmartCompany.com.au
House prices rise, but concerns grow over defaults for first home ...SmartCompany.com.auBut Phil Naylor, chief executive of the Mortgage and Finance Association of Australia, says while some defaults may occur, lenders have only granted ...and more »
2009-07-21 08:41:36