Mortgage and Financial News From 2009-9-16 Page 01
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Foreclosure activity drops sharply in Silicon Valley - San Jose Mercury News
Foreclosure activity dropped sharply in Silicon Valley last month as banks extended loan modifications to troubled borrowers under an Obama administration program. Banks also issued fewer notices to valley homeowners that they were in default on ...
2009-09-16 03:55:00 -
UPDATE 2-EU break-up threat looms over Britain's Lloyds - Forbes
LONDON, Sept 16 (Reuters) - Lloyds Banking Group, Britain's largest retail bank, faces an uncertain future as the EU considers whether to force a carve-up of its current structure and the sale of its Halifax unit, analysts said. Neelie Kroes ...
2009-09-16 03:55:00 -
Uncollectible loans rise in Q3 at Fifth Third - Cincinnati.com
Fifth Third Bancorp today estimated it will charge off – or declare uncollectible – $775 million worth of loans in the third quarter ending Sept. 30. The projected net charge-offs represent a 23.8 percent increase from the $626 million written ...
2009-09-16 04:52:00 -
The Community Reinvestment Act: Soon to be Worse than Ever? - Spectator.org
Not content with wrecking the housing industry by forcing increased lending to those unable to pay back their mortgages, the Left wants to give it another try. Fannie Mae and Freddie Mac are still around, of course, begging for new bail-outs as they ...
2009-09-16 04:59:00 -
Home sweet home - Economic Times
A dream that most of us nurture when living in a rented accommodation is purchasing our own house. When you cannot provide cash upfront, a home loan is the next possible way of making the purchase. Normally, lenders (banks, financial institutions ...
2009-09-16 07:01:00 -
Homeowners Struggle as Housing Market Slowly Recovers - ABC News
When real estate broker Sherri McBroom drove through a Phoenix suburb back in January, it was a tour of despair. There were more than 130 homes for sale in one neighborhood alone. A "Sold" sign posted in front of a home at a new housing development ...
2009-09-16 05:57:00 -
The No.1 Issue With Health Reform - FoxBusiness.com
" live. On look -- we're different. It's all good now it's all good different I'm Tracy burns I'm -- time they want to he's apparently Rodman because Illinois and yes you make fun. -- the and the mile and Whitney that's the whole point I think that ...
2009-09-16 05:57:00 -
Metro Atlanta foreclosures swamp last year’s record - Atlanta Journal Constitution
With three months left in 2009, the number of metro Atlanta foreclosure notices has already surpassed last year’s record, a sign of how deep the recession has been as well as a portent of further trouble as the economy struggles to regain its ...
2009-09-16 06:32:00 -
Rep. Richardson Makes 'Most Corrupt' List for 2nd Year - LBPOST.com
Rep. Richardson Makes 'Most Corrupt' List for 2nd YearLBPOST.comIn May 2008, Richardson's Sacramento home was sold in foreclosure after she failed to make mortgage payments on the property for nearly a year and had ...
2009-09-16 05:06:17 -
Tax Tips: Got a mortgage? Make sure you file - North Lake Tahoe Bonanza
Tax Tips: Got a mortgage? Make sure you fileNorth Lake Tahoe Bonanza... Tax Administration recommends the IRS ought to be using mortgage interest data reported to it by lenders (on Form 1098 annually) to detect nonfilers, ...and more »
2009-09-16 05:53:40 -
Why Obama Won't Be Able to Reform Wall Street - fox4kc.com
Why Obama Won't Be Able to Reform Wall Streetfox4kc.com... to do when the banking lobbying killed cramdown legislation back in April that would have imposed mortgage reorganization plans over lender objections. ...and more »
2009-09-16 06:43:00 -
Will clunker program turn into a wreck? - Chicago Tribune
Will clunker program turn into a wreck?Chicago TribuneI listen when Gundlach talks because he was among the first people to explain that AAA mortgage-related securities were about to turn into junk and leave ...
2009-09-16 07:06:20 -
“Technically” We're Out of a Recession - Canada Free Press
“Technically” We're Out of a RecessionCanada Free PressIt was not dependent on federal government programs that put pressure on banks and mortgage lenders to make loans to people that ACORN had dragged in off ...
2009-09-16 07:09:04 -
Building a Case for the Future: Determining if Now is the Right ... - 4Hoteliers
Building a Case for the Future: Determining if Now is the Right ...4HoteliersWe expect foreclosures to increase but many lenders to hold the assets on their books. RevPAR will stabilise in 2009 - demand, supply and RevPAR outlook. ...
2009-09-16 07:11:36 -
Deposits falling for FTBs: Mortgageforce - FT Adviser
Deposits falling for FTBs: MortgageforceFT AdviserThe amount of deposit required by home mortgage lenders has been dropping month by month, according to research from Mortgageforce. According to the IFA, ...and more »
2009-09-16 07:14:20