Mortgage and Financial News From 2010-1-31 Page 01
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Mortgage on Circuit City headquarters a ‘loan of concern’ - Richmond Times-Dispatch
The 382,570-square-foot building, equivalent to nearly seven football fields, is the biggest concern in a recently downgraded real estate-based securities deal. Here’s a sketch of how it got there: Circuit City sold 9954 Mayland Drive to a Texas ...
2010-01-31 11:04:00 -
Mortgage rates nearly flat this week - EDGE Boston
Rates on 30-year mortgages remained almost flat this week as the Federal Reserve said it would keep rates near record lows to help the economy recover. The average rate on a 30-year fixed mortgage was 4.98 percent this week, down slightly from 4.99 ...
2010-01-31 10:21:00 -
Free-market fetters - Marketwatch
Despite an uptick in monthly housing permits, mortgage applications have basically maintained ... underwater mortgages, non-qualified mortgagees, and the likelihood of, the potential for a rising rate environment with lower loan qualifications and ...
2010-01-31 10:57:00 -
TARP Inspector Says Rescue to Cost Taxpayers Less Than Expected - Bloomberg
Feb. 1 (Bloomberg) -- The U.S. government’s Troubled Asset Relief Program to rescue the financial system probably will cost taxpayers much less than first predicted, according to a watchdog monitoring the $700 billion effort. “There are clear ...
2010-01-31 10:57:00 -
Good and Boring - New York Times
In the United States, mortgage defaults ... It wasn’t interest rate policy. Many commentators have blamed the Federal Reserve for the financial crisis, claiming that the Fed created a disastrous bubble by keeping interest rates too low for too long ...
2010-01-31 11:40:00 -
Big storm may be brewing over residential property debt - Irish Times
Big storm may be brewing over residential property debtIrish TimesMaybe so, but there is no excuse for being caught with our national pants down again if the bank's consumer loan and residential mortgage books blow up in ...
2010-01-31 06:35:57 -
Mortgage Funds Brace for Major Shift - Wall Street Journal
Mortgage Funds Brace for Major ShiftWall Street JournalThese loans are packaged into mortgage securities that don't carry any government backing; the return to the securities buyers depends on whether the ...and more »
2010-01-31 06:46:51 -
FHA LENDING STANDARDS TIGHTENED - El Paso Inc
FHA LENDING STANDARDS TIGHTENEDEl Paso IncMortgage industry executives said that change could significantly affect borrowers who make upfront payments, known as “points,” to qualify for a loan at a ...and more »
2010-01-31 06:48:43 -
ANALYSIS-Issuers rev up as auto ABS gets fresh lease of life - Alibaba News Channel
ANALYSIS-Issuers rev up as auto ABS gets fresh lease of lifeAlibaba News ChannelAfter mortgage-backed bonds, auto loans -- often issued by manufacturers' captive finance companies, such as Renault's RCI Banque -- make up the second ...
2010-01-31 07:41:28 -
NAB's rates rumble - Business Spectator
NAB's rates rumbleBusiness SpectatorThe two big banks dominated mortgage lending last year, but because the growth in their asset bases considerably out-stripped their growth in retail ...and more »
2010-01-31 07:58:34 -
The Perfect Storm: Deteriorating Rents and Occupancies, Deflating Sales Prices ... - PR Newswire (press release)
The Perfect Storm: Deteriorating Rents and Occupancies, Deflating Sales Prices ...PR Newswire (press release)Unlike residential loan modification, commercial real estate mortgage modifications are not based on cookie cutter recipes that can be easily followed. ...and more »
2010-01-31 09:31:27 -
New bailout plan to protect families from losing homes - Irish Independent
New bailout plan to protect families from losing homesIrish Independent... to the resident with rent payments coming off the loan. The Government is finally going to appoint an expert group on mortgage relief and debt reform. ...
2010-01-31 10:49:37 -
Fannie And Freddie Man Up - istockAnalyst.com (press release)
Fannie And Freddie Man UpistockAnalyst.com (press release)Their basic operation is to securitize mortgage loans originated by private lenders in the primary mortgage market into mortgage-backed securities, ...and more »
2010-01-31 11:01:55 -
Surviving a pernicious and pervasive culture of corruption - Lancaster Newspapers
Surviving a pernicious and pervasive culture of corruptionLancaster NewspapersJudge Weinstein said, "What becomes evident in a trial like the present one, and in recent mortgage fraud cases, is how pernicious and pervasive is the ...
2010-01-31 11:12:17 -
Obama Desire For U.S.-China To Vie On Clean-Energy Faces Challenge - NPR News
President Barack Obama, in his State of the Union address , spoke of his desire to see the U.S. compete successfully with other nations in producing clean-energy products like wind turbines. Obama said: ... The nation that leads the clean energy ...
2010-01-31 01:53:00