Mortgage and Financial News From 2009-9-22 Page 01
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About this author: - Seeking Alpha (blog)
About this author:Seeking Alpha (blog)If the rating agencies were just a bit more conservative, requiring a higher cushion, the mortgage rates for these loans would have been much higher to make ...and more »
2009-09-20 03:58:59 -
The new normal - ModernHealthcare.com
The new normalModernHealthcare.comBad bets on mortgage-backed securities had cut the legs out from under the bond insurers whose supposed stability had underpinned the market. Interest rates ...
2009-09-21 05:10:13 -
How To Purchase A Home For The First Time In Canada - NuWire Investor
How To Purchase A Home For The First Time In CanadaNuWire InvestorWhen we compare current income rates (and savings rates) against current property values in Canada, it is quite common for homebuyers to require financing ...
2009-09-21 08:02:37 -
Duff McDonald on Jamie Dimon - The Daily Deal
The Daily DealDuff McDonald on Jamie DimonThe Daily DealCompare Dimon's image to Lloyd Blankfein of Goldman, Sachs & Co. (NYSE:GS). The youthful-looking Dimon is portrayed as a hero; bald and low-profile ...
2009-09-21 11:04:55 -
Progress — Real estate moves out of the darkness - Danville Commercial News
Progress — Real estate moves out of the darknessDanville Commercial News... the median-income family would need more than 50 percent of their income to “afford” an entry level home based on housing price and mortgage rates. ...
2009-09-22 02:17:14 -
Sam Dunn: 'What shall I do now my fixed rate deal is over?' - Independent
Sam Dunn: 'What shall I do now my fixed rate deal is over?'Independent"Whilst the Bank is expected to keep base rate low for another six months – keeping variable mortgage rates low – you must calculate whether you can afford ...and more »
2009-09-22 06:00:44 -
Manteca mother and daughter accused of $5 million scam - Inside Bay Area
MANTECA— The FBI has arrested a Manteca mother and daughter accused of defrauding lenders of about $5 million from home sales. Prosecutors say 49-year-old Helen Sotiriadis and her daughter, 23-year-old Irene Sotiriadis, sold 30 residential ...
2009-09-22 05:28:00 -
Buying your first home - Raleigh News & Observer
Too many people bought too much house for too many years. Yes, mortgage bankers, brokers and investment bankers deserve a good share of the blame. But the roots of the mortgage contagion lie with all of us and our desire to own just a bit more house ...
2009-09-22 05:21:00 -
What to do if you lose your job - WRAL
With unemployment high, you may be worried about losing your job. However, there are things you can do now to prepare yourself for possibly being without work. Anthea Zeimann used to work for an investment banking firm before getting laid off last ...
2009-09-22 06:18:00 -
Enterprise Community Partners entering market-rate market - Maryland Daily Record
Columbia’s Enterprise Community Partners Inc., one of the region’s biggest financiers of affordable housing, is making moves into the world of market-rate, multifamily residential development. The lender announced Tuesday that it would expand its ...
2009-09-22 06:54:00 -
Foreclosure wars - Raleigh News & Observer
Elizabeth Lala has been trying since March to modify the mortgage loan on her family's North Raleigh home. Tim Spence started his efforts on April 14. It was December when Tom and Sheryl Callahan first talked to Wells Fargo about saving their home ...
2009-09-22 08:20:00 -
Meltdown gives consumers a new money mindset - Washington Post
Meltdown gives consumers a new money mindsetWashington PostOne big reason to save more now: Homeowners can't depend on rising property values to refinance their mortgages to help cover household expenses.and more »
2009-09-22 03:17:18 -
More Loan Mod Problems Reported - KPHO Phoenix
More Loan Mod Problems ReportedKPHO Phoenix... selling the home for $70000. Lozania's original loan was for $205000. Another Valley resident, Joan Hoyt, said she wanted to refinance her loan before ...
2009-09-22 03:44:31 -
Freddie Mac names Ross Kari as new CFO - The Associated Press
Freddie Mac names Ross Kari as new CFOThe Associated PressThey are now playing a central role in the Obama administration's effort to modify or refinance up to 9 million home loans.and more »
2009-09-22 04:10:35 -
Debt-Ridden Companies Borrow More to Stave Off a Reckoning - New York Times
Debt-Ridden Companies Borrow More to Stave Off a ReckoningNew York TimesResurgent debt markets have helped several high-yield borrowers refinance loans. That will keep them from defaulting when loans come due, averting the ...
2009-09-22 07:34:46