Mortgage and Financial News From 2010-2-26 Page 01
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Fannie Taps Treasury for $15.3 Billion More After a 10th Loss - BusinessWeek
Feb. 27 (Bloomberg) -- Fannie Mae will seek $15.3 billion in U.S. aid, bringing the total owed under a government lifeline to $76.2 billion, after its 10th consecutive quarterly loss. The mortgage-finance company posted a fourth-quarter net loss of ...
2010-02-26 10:54:00 -
MBS WEEKLY: Bearish Bond Technicals Battle Mixed Econ Outlook - MortgageNewsDaily.com
Well well well, look where we sit. 10s rose from 3.60 to 3.80 in seven sessions. Took a short breather. Then fell from 3.80 to 3.60 in four days. Chop chop chop . On the week, the 3.625% coupon bearing 10 year Treasury note was +1-09. That's +41/32 ...
2010-02-26 10:47:00 -
Many borrowers in default stay put as lenders delay evictions - Los Angeles Times
It's been 16 months since Eugene and Patricia Harrison last paid the mortgage on their Perris home. Eleven months since the notice got slapped on their front door, warning that it would be sold at auction. A terse letter from a lawyer came eight ...
2010-02-26 11:16:00 -
Predatory lending law pits Oregon bankers against government - kgw.com
Predatory lending law pits Oregon bankers against governmentkgw.com... financially, it's worthwhile (for mortgagers) to foreclose on people," said Lisa Gates about her mortgage lender. State residents are losing their homes ...
2010-02-26 08:05:41 -
House prices driven lower for the first time in almost a year - Independent
House prices driven lower for the first time in almost a yearIndependentLittle wonder, perhaps that the Council of Mortgage Lenders has stopped predicting price movements, and most policymakers avoid doing so. ...and more »
2010-02-26 08:08:34 -
Sign of better times? Builders buying land again - Palm Beach Post
Sign of better times? Builders buying land againPalm Beach Post"And we're going to see an acceleration in purchases this year because lenders have become realistic about the current market values of distressed ...and more »
2010-02-26 08:23:38 -
Secret AIG Document Shows Goldman Sachs Minted Most Toxic CDOs - Center for Research on Globalization
Center for Research on GlobalizationSecret AIG Document Shows Goldman Sachs Minted Most Toxic CDOsCenter for Research on GlobalizationIn some cases, banks also owned mortgage lenders, and they should be challenged to explain whether they gained any insider knowledge about the quality of ...and more »
2010-02-26 08:24:02 -
Lobbyists pounding legislators over taxes - Seattle Times
Seattle TimesLobbyists pounding legislators over taxesSeattle TimesHe's opposing several proposals, including one that would cap a tax break for first-mortgage lenders. As for the Democrats' complaint that lobbyists are ...and more »
2010-02-26 09:51:11 -
Portland condo defaults on loan despite filling up with renters - OregonLive.com
OregonLive.comPortland condo defaults on loan despite filling up with rentersOregonLive.comBackers of the Waterfront Pearl project in Northwest Portland deeded the building back to lenders in lieu of foreclosure. Lenders have taken control of both ...
2010-02-26 10:06:57 -
Majority of investors in lenders view state control as 'negative' - Irish Independent
Majority of investors in lenders view state control as 'negative'Irish IndependentMORE than 60pc of investors feel the Government taking a majority stake in the two top banks would negatively impact their decision to ...and more »
2010-02-26 10:48:19 -
Cabinet failures don't shock us any more - Irish Independent
Cabinet failures don't shock us any moreIrish IndependentMortgage lenders have made no effort to help their clients, and there are daily reports of people being in court for money owed. There has been no effort to ...and more »
2010-02-26 10:51:18 -
Brookdale sold at auction for big markdown - Minneapolis Star Tribune
Brookdale sold at auction for big markdownMinneapolis Star TribuneThe mortgage on Brookdale has been held by three lenders -- Capmark Finance, Urban Development Fund II LLC and Paramount Community Development Fund LLC. ...and more »
2010-02-26 10:59:25 -
Dodd Suggests Consumer Agency Will Get Rule-Writing Authority - BusinessWeek
Dodd Suggests Consumer Agency Will Get Rule-Writing AuthorityBusinessWeekDodd and other lawmakers also have faulted the Fed for not using its consumer-protection authority to prevent the mortgage- lending abuses that fueled the ...and more »
2010-02-26 11:11:17 -
NC's largest mortgage fraud case expands - CharlotteObserver.com
NC's largest mortgage fraud case expandsCharlotteObserver.com... like several earlier suits alleging mortgage fraud, seeks damages from the developers, lenders, appraisers and others involved in the land deals there. ...
2010-02-26 11:11:36 -
Ministry of Justice probe into Cartel Client Review - BBC News
BBC NewsMinistry of Justice probe into Cartel Client ReviewBBC NewsFor an upfront fee of up to £495, the company offers to help customers bring claims against lenders for mistakes in their credit agreements. ...
2010-02-26 11:47:49