Mortgage and Financial News From 2009-8-1 Page 01
Previous Day: 2009-07-31
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Do Mortgage Firms Really Benefit From Foreclosures? - CNBC
An article in the New York Times today , suggesting that loan servicers would rather collect hefty fees on loans in delinquency and foreclosure than modify those loans, set off a bit of a firestorm in the community that oversees all those ...
2009-07-30 03:40:00 -
Feds create mortgage fraud task force - Connecticut Post
The scams are becoming as elaborate as a bank mortgage application. They can be as simple as a foreclosure specialist keeping money from a family facing the loss of their home to the use of purchasers to buy fixer-uppers, keeping the repair money and ...
2009-07-31 08:18:00 -
Shelter from the storm - Toronto Star
Shelter from the stormToronto StarHe was allowed to skip some mortgage payments and was able to refinance his mortgage at a lower interest rate. He's been back to work since mid-February. ...
2009-08-01 03:32:33 -
Cedar Shopping Centers Announces Second Quarter Results - PR-USA.net (press release)
Cedar Shopping Centers Announces Second Quarter ResultsPR-USA.net (press release)The Company has issued "Supplemental Financial Information" for the period ended June 30, 2009 and has filed such information today as an exhibit to Form ...and more »
2009-08-01 03:33:35 -
Beware of 'rescues' - Press-Enterprise
Beware of 'rescues'Press-EnterprisePreviously, under the Home Affordable Refinance Program (HARP) only those borrowers whose first mortgage did not exceed 105 percent of the current market ...and more »
2009-08-01 07:51:56 -
Personal loans, with a twist - Los Angeles Times
Personal loans, with a twistLos Angeles TimesThese sites aim to bring strangers together to finance small businesses, refinance credit card loans and provide loans to students. ...
2009-08-01 08:01:38 -
Reverse mortgages grow in popularity in Hampton Roads - Daily Press
Reverse mortgages grow in popularity in Hampton RoadsDaily Press"In many of the reported scams, victim seniors are offered free homes, investment opportunities, and foreclosure or refinance assistance; they are also used ...
2009-08-01 08:58:29 -
Cracking down on Inland Empire mortgage fraud - Contra Costa Times
Cracking down on Inland Empire mortgage fraudContra Costa TimesThe more information it can spread to desperate homeowners, the higher the chances of cutting off mortgage fraud at the pass. And if more legal action is ...and more »
2009-08-01 11:22:59 -
FHA home loans offer low down payments - Reading Eagle
FHA home loans offer low down paymentsReading EaglePrepayment penalties are never enforced on FHA-insured loans, and borrowers can refinance at any time without penalty. Must have a steady employment record; ...and more »
2009-08-01 11:35:15 -
Assurant Q2 2009 Earnings Transcript - Seeking Alpha
Assurant Q2 2009 Earnings TranscriptSeeking AlphaWe continue to support a stabilizing mortgage market. The sheer number of changes underway in the market is a positive indicator. But the pace of decline in ...and more »
2009-07-31 06:00:36 -
Lennar incentives for August begin today - Las Vegas Review - Journal
Lennar incentives for August begin todayLas Vegas Review - JournalLennar's fixed mortgage rate has been approved for a limited time. Lennar offers more than 15 neighborhoods in the Las Vegas area, starting from the upper ...
2009-08-01 04:10:33 -
Business Browser - Edmonton Journal
Business BrowserEdmonton JournalThe Canadian unit stopped accepting mortgage loan applications effective Thursday, the company said in a statement posted on its website. ...and more »
2009-08-01 09:46:37 -
The best way back into the property market - Times Online
Times OnlineThe best way back into the property marketTimes OnlineBuy-to-let rates have fallen 1.57 points, against 2.05 points for standard deals since October. The lowest buy-to-let rate is a tracker from the Mortgage ...
2009-08-01 03:06:44 -
Personal loans, with a twist - Los Angeles Times
As banks continue to tighten the grip on borrowers, canceling home equity loans and cutting borrowing limits on credit cards, Americans are increasingly turning to a timeless source of credit: one another. Person-to-person lending, facilitated by Web ...
2009-08-01 08:46:00 -
Lloyds loan offer is easy to refuse - The Guardian
Lloyds keeps offering me an additional loan at a significantly higher interest rate than I have now, and on top I would have to pay cancellation charges to redeem my existing loan. The first mailshot offered an extra £9,200 at 9.6% APR, compared ...
2009-08-01 06:08:00