Mortgage and Financial News From 2009-11-16 Page 01
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Report: Blacks, Latinos at disproportionate risk in ongoing ... - Chicago Tribune
NEW YORK (AP) — Black and Latinos are at a disproportionate risk in the ongoing foreclosure crisis because they are more likely than whites to have higher-cost mortgage loans and face higher unemployment rates, a report says. The report from the ...
2009-11-16 06:50:00 -
Doctor In Jackson Case Avoids Jail In Support Case - WCSH
LAS VEGAS (AP) -- The physician being investigated in Michael Jackson's death reached an agreement Monday in a separate child support case that kept him out of a Nevada jail. Prosecutors in Las Vegas had sought an arrest warrant for Dr. Conrad Murray ...
2009-11-16 06:57:00 -
How Fed let AIG banks off easy - CNN Money
NEW YORK (CNNMoney.com) -- Federal regulators, in rushing to rescue AIG last year, failed to use their clout to negotiate concessions from business partners of the troubled insurer, a bailout overseer said on Monday. As a result, $62.1 billion of ...
2009-11-16 06:07:00 -
GMAC CEO Alvaro de Molina steps down - YAHOO!
NEW YORK – GMAC Financial Services said Monday that Alvaro de Molina has stepped down as CEO, a surprise departure that comes as the troubled auto lender remains in negotiations with the government over its third round of taxpayer aid. A person ...
2009-11-16 06:57:00 -
JP Morgan Chase hiring mortgage loan officers - NJBIZ
JP Morgan Chase & Co. plans to hire 1,200 mortgage loan officers across the country by the end of 2010, according to Dave Lowman , head of the bank’s home lending business, based in the Iselin section of Woodbridge. That represents a nearly 60 ...
2009-11-16 07:12:00 -
Frank floats loan plan for unemployed homeowners - News 8 Austin
FALL RIVER, Mass. — Massachusetts Rep. Barney Frank is floating a proposal to use the interest the government collects from the federal financial bailout fund to give loans to unemployed homeowners struggling to pay the mortgage. The House ...
2009-11-16 06:50:00 -
Developers Diversified Sells Commercial Mortgage Debt (Update1) - Bloomberg
Nov. 16 (Bloomberg) -- Developers Diversified Realty Corp ... is the first to use the Federal Reserve’s Term Asset-Backed Securities Loan Facility since it was opened to the debt in June. While representing a “positive for the market,” the ...
2009-11-16 02:18:00 -
The Ensign Group Secures $40 Million Loan From GE Capital, Healthcare ... - Yahoo Finance
"With the increasing volume of compelling acquisition opportunities we believe we are seeing, it was a good time to tap some of the unleveraged equity in our 27 unencumbered facilities," said Suzanne Snapper, Ensign's Chief Financial Officer. Ms ...
2009-11-16 03:55:00 -
Greenlight Capital Buys The Travelers Companies Inc., Automatic Data ... - GuruFocus.com
Greenlight Capital Buys The Travelers Companies Inc., Automatic Data ...GuruFocus.comLP, is a diversified specialty finance company that invests across multiple asset classes, including residential mortgage loans and mortgage-backed ...and more »
2009-11-16 05:35:49 -
Federal Reserve Vice Chairman Donald L. Kohn At The Kellogg Distinguished ... - Exchange News Direct
Federal Reserve Vice Chairman Donald L. Kohn At The Kellogg Distinguished ...Exchange News DirectOur economy is just beginning to recover from a horrendous episode in which mispricing of risk--especially in home mortgage lending, but more broadly as ...and more »
2009-11-16 05:42:16 -
What Bernanke's Economic Recovery Means for US Jobs - The Market Oracle
What Bernanke's Economic Recovery Means for US JobsThe Market Oracle... caused a sharp deterioration in the credit quality of CRE loans on banks' books and of the loans that back commercial mortgage-backed securities (CMBS). ...and more »
2009-11-16 05:49:57 -
Buy-to-let market sees signs of improvement - Financial Times
Buy-to-let market sees signs of improvementFinancial TimesLandlords interested in making extra income would mortgage a property that they would lease to other tenants. When the subprime mortgage bubble burst, ...and more »
2009-11-16 06:02:09 -
A decade of decline - MSN Money UK
MSN Money UKA decade of declineMSN Money UKAs this became impossible due to the reluctance of other banks to lend, on 12 September 2007 Northern Rock, one of the top five mortgage lenders in the UK, ...
2009-11-16 06:02:43 -
Tsvangirai's terrifying gamble - The Zimbabwean
Tsvangirai's terrifying gambleThe ZimbabweanSecond hand cars are unbelievably cheap and houses on the market stand for months and years, in the absence of significant mortgage loans or the capacity to ...and more »
2009-11-16 06:12:17 -
How Fed let AIG banks off easy - CNNMoney.com
How Fed let AIG banks off easyCNNMoney.comSome called into question the Bush administration's ties with Goldman Sachs, since Goldman held $14 billion in mortgage assets insured by AIG's ...and more »
2009-11-16 06:16:28