Mortgage and Financial News From 2009-7-22 Page 01
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Bernanke at odds with Obama - Norwalk Hour
Ben Bernanke put himself at odds with the Obama administration Wednesday by resisting its plan to create a consumer protection agency for risky financial products. The Federal Reserve chief said those responsibilities should stay with the central ...
2009-07-22 10:52:00 -
Westpac customer protests at loan refusal - National Business Review
Mapua-based man withdrew all his $190,000 in savings in $20 notes from Westpac today and deposited it in Nelson Building Society in protest at the bank's refusal to grant him a mortgage. The Nelson Mail reported that artist Roger Griffiths met the 20 ...
2009-07-22 10:31:00 -
$500 Mortgage Modification - PR Newswire
FORT LAUDERDALE, Fla., July 22 /PRNewswire/ -- Eugene Steele, President of Check My Mortgage Loan Corporation announced today that the company has released its online $500 mortgage modification program. Steele said, "There are two problems with today ...
2009-07-22 02:02:00 -
PREVIEW-S.Korea banks set to recover after weak Q2 - Reuters
SEOUL, July 23 (Reuters) - South Korean banks, led by KB Financial Group ( 105560.KS ), will likely post weak second-quarter results due to big interest margin contractions but falling loan delinquencies are stoking hopes for a turnaround in the ...
2009-07-22 11:49:00 -
Invesco Mortgage REIT Seeks CMBS Financing From Fed After IPO - Bloomberg
July 22 (Bloomberg) -- Invesco Mortgage Capital Inc. , the investor in real-estate debt that raised $170 million in an initial public offering last month, said it applied for $41.2 million of loans under the Federal Reserve’s new facility for ...
2009-07-22 05:01:00 -
The Goldsmiths—Part LXXXXI - Gold Seek
The Goldsmiths—Part LXXXXIGold SeekSo one day, a bond trader from Deutsche Bank, Greg Lippman, suggested that Eisman not short the companies but rather short their mortgage backed bonds. ...
2009-07-22 10:41:23 -
Times change for Springfield Township fire companies - Montgomery Newspapers
Times change for Springfield Township fire companiesMontgomery Newspapers“The increase in real estate values is driving people away, and people coming in need the two incomes to supplement their mortgage. ...
2009-07-22 10:53:50 -
Phil Angelides on quest to find truth amid financial rubble - Los Angeles Times
Phil Angelides on quest to find truth amid financial rubbleLos Angeles Times... Enterprise Institute, has accused the government-sponsored mortgage companies Fannie Mae and Freddie Mac of promoting unwise mortgage practices. ...and more »
2009-07-22 10:59:58 -
For the Body-Conscious, It's Now the Ankle That Rankles - Wall Street Journal
For the Body-Conscious, It's Now the Ankle That RanklesWall Street JournalAfter Pilates and dieting failed to reduce the size of her ankles, Paula Hankin, a 34-year-old former mortgage banker in New York, bought a pair of Fit ...and more »
2009-07-22 11:01:08 -
Q&A: A stimulus primer for homeowners - Bradenton Herald
Q&A: A stimulus primer for homeownersBradenton Herald... refinance into a 30- or 15-year, fixed-rate loan under the plan, but only if their loan is held by mortgage finance companies Fannie Mae or Freddie Mac. ...and more »
2009-07-22 11:02:47 -
Strategic Analytics Enhances Mortgage Risk Modeling - TMCnet
Strategic Analytics Enhances Mortgage Risk ModelingTMCnet... solutions that enable banks, consumer finance companies and mortgage lenders to build and manage more profitable and less volatile loan portfolios. ...and more »
2009-07-22 11:22:21 -
Buffett's Berkshire Hathaway Reduces Stake in Moody's by 17% - Bloomberg
Buffett's Berkshire Hathaway Reduces Stake in Moody's by 17%Bloomberg... Chairman Christopher Dodd, who says the companies wrongly assigned top credit rankings to subprime-mortgage bonds just before that market collapsed. ...and more »
2009-07-22 11:23:28 -
JACK DeVINE: Excessive debt can lead to catastropic consequences - Aiken Standard (subscription)
JACK DeVINE: Excessive debt can lead to catastropic consequencesAiken Standard (subscription)So instead, homeowners take on long-term debt - a mortgage. This kind of deficit spending is a perfectly sensible thing to do, provided that: (1) the ...
2009-07-22 11:38:02 -
THE BOTTOM LINE: Boards face rising pressure on executive pay - Business Day
THE BOTTOM LINE: Boards face rising pressure on executive payBusiness DayThe panel suggested decision making based primarily on short- term considerations “damages the ability of public companies, and therefore, of the US economy ...
2009-07-22 11:38:18 -
America, Australia and the GFC - On Line opinion
America, Australia and the GFCOn Line opinionWhile derivatives and mortgage-backed securities had existed for years, the products were becoming increasingly sophisticated and opaque. ...
2009-07-22 11:44:04