Mortgage and Financial News From 2009-8-25 Page 01
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Persimmon joins the housing market bulls - The Independent
Britain's biggest housebuilder, Persimmon, has written up the value of its land bank, adding to signs that the property market is finally stabilising. Despite half-year results recording pre-tax profits down 73 per cent at £9.8m on revenues down 39 ...
2009-08-25 06:08:00 -
Citi helped 29 percent more borrowers in Q2 - Birmingham Business Journal
Citi said Tuesday that it helped 29 percent more troubled mortgage borrowers in the second quarter over the first quarter. The bank helped 108,000 mortgage borrowers nationwide avoid foreclosure and remain in their homes in the second quarter. “We ...
2009-08-25 04:07:00 -
Obama right on Fed's Bernanke - Tampa Bay Online
P resident Barack Obama's decision to renominate Ben Bernanke to head the Federal Reserve is a reassuring step toward the political center for a White House that so far has leaned consistently left. While Obama promised big changes, Bernanke has been ...
2009-08-25 11:16:00 -
FHA Is Fulfilling Its Mission Well - Wall Street Journal
Your editorial " The Next Fannie Mae " (Aug. 11) mischaracterizes the health of the Federal Housing Administration and sheds more heat than light. I have enforced the tightest standards during my first month as FHA Commissioner, as evidenced by the ...
2009-08-25 06:44:00 -
The Bounce Continues: Mortgage Rates Drop To 5.15% - Wall Street Journal
Up one week, and down the next—it’s become a familiar pattern for mortgage rates, which are bouncing back and forth in the low fives. Rates on 30-year fixed mortgages dropped to 5.15% last week from 5.38% in the week before and 5.17% two weeks ...
2009-08-19 09:04:00 -
Citi hires 1,400 to help modify loans - Boston Globe
NEW YORK - Citigroup Inc. said its mortgage business has hired 1,400 employees this year to help modify delinquent loans as President Obama’s administration increases pressure on banks to stem foreclosures. The hires are in addition to about 2,600 ...
2009-08-25 09:22:00 -
Delinquent borrowers more likely to stay behind on mortgage payments - Walletpop.com
A new report from Fitch Ratings shows that borrowers who fall behind on their mortgages are having an impossible time getting caught up again. The Wall Street Journal reports (subscription required) that "Fitch found that the cure rate for prime ...
2009-08-25 05:11:00 -
Taiwan stocks fall as Asustek weak Q2... - Interactive Investor
Taiwan stocks fall as Asustek weak Q2 weighsInteractive Investor... 3 percent after local newspapers reported that the island's government would end a subsidy programme that gave home buyers preferential mortgage rates. ...and more »
2009-08-25 10:11:38 -
Idaho's not conservative enough - Idaho Mountain Express and Guide
Idaho's not conservative enoughIdaho Mountain Express and GuideYet, it turns out Idaho wasn't conservative enough when it came to regulating mortgage loans. That honor, according to a recent story in the Wall Street ...
2009-08-25 10:13:10 -
For Bernanke, a Familiar Position - CQPolitics.com
For Bernanke, a Familiar PositionCQPolitics.comIn addition to aggressively cutting interest rates to near zero, the Fed has taken interventionist actions that previously were unthinkable, including more ...and more »
2009-08-25 10:36:33 -
Edmond senator to announce run for li... - NewsOK.com
Edmond senator to announce run for lieutenant governorNewsOK.comSee Rates- No Credit Check Req. $160000 Mortgage for $633/mo. Free. No obligation. Get 4 quotes. Thank you for joining our conversations on newsok. ...and more »
2009-08-25 10:56:46 -
Obama retains Bernanke - The State
Obama retains BernankeThe StateAs the recession — fueled by the subprime-mortgage crisis — seeped through the US banking system, Bernanke had to set monetary policy that would steer the ...and more »
2009-08-25 11:02:48 -
SA lenders face slow cycle turn - Business Report
SA lenders face slow cycle turnBusiness ReportThe global recession's preconditions originated in the US subprime mortgage market and rapidly spread, as US lenders sold off poor quality debt to ...
2009-08-25 11:04:16 -
Bay State housing looking up at last - Boston Herald
Bay State housing looking up at lastBoston HeraldWarren attributed the improvements to a mix of low mortgage rates, cheap home prices, greater consumer confidence and the US government's $8000 first-time ...
2009-08-25 11:09:25 -
Swelling US deficit threatens Obama r... - Brisbane Times
Swelling US deficit threatens Obama reformsBrisbane TimesThe government has pumped hundreds of billions of US dollars into the fragile financial system battered by a crisis stemming from a home mortgage meltdown ...and more »
2009-08-25 11:19:41