Mortgage and Financial News From 2010-4-2 Page 01
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Law doesn't require banks to make bad loans - Baltimore Sun
... bad ... mortgage brokers who made their fees up-front and gave a mortgage to anyone with a heartbeat. If you want to blame the government, then blame the 2000 law pushed by Republicans like then- Senator Phil Gramm that ensured that credit ...
2010-04-02 10:48:00 -
On Native Ground - American Reporter
Then there are trials and tribulations of Fannie Mae (the Federal National Mortgage Association) and Freddie Mac (the Federal Home Loan Mortgage ... When the bets went bad, it cost taxpayers more than $100 billion to clean up the mess.
2010-04-02 11:27:00 -
Call-center layoffs - Vindy.com
Now the bad news: They only work on a 3-inch (7.5-centimeter) screen ... increase in jobs in three years pushed interest rates to their highest level since before the worst days of the credit crisis in 2008. With the stock market closed for Good ...
2010-04-02 10:51:00 -
Mortgage Delinquencies Continue to Rise - Seekingalpha.com
... and include Fannie mortgages in the LPS data, my conclusion would be that the total of the private sector mortgage issuance has a higher failure rate than the credit enhanced Fannie mortgages. Just how bad can the private mortgage business ...
2010-04-02 01:44:00 -
What a Bad Week For Mortgage Rates. Taking One Day at a ... - MortgageNewsDaily.com
The group of prospective home buyers looking to take advantage of this tax credit, who are expected to be the main source of real estate and mortgage loan business in the next three months (no pressure)--- should be nervous. They should also be ...
2010-04-02 05:58:00 -
Remarks: Obama at DNC Reception Boston April 1, 2010 - The Page by Mark ... - TIME
Remarks: Obama at DNC Reception Boston April 1, 2010 - The Page by Mark ...TIMEOr, “How am I going to make it when I'm stretched to the limit on my mortgage and my bills and I'm trying to save for my kids' college education? ...and more »
2010-04-02 12:31:18 -
Down to the Sea Again - Before It's News
Down to the Sea AgainBefore It's NewsAnd this Wednesday, the feds’ $1.25 trillion program of buying mortgage-backed securities came to an end. On the 25th of March, the 10-year T-note reached ...and more »
2010-04-02 02:25:24 -
Help Paying Mortgages Elicits Anger - New York Times
Help Paying Mortgages Elicits AngerNew York TimesWhy, some asked on The New York Times Web site, should we have to pay for the mistakes of homeowners who lived far beyond their means when credit was easy ...and more »
2010-04-02 04:43:55 -
BT broadband switch left me disconnected - The Guardian
BT broadband switch left me disconnectedThe GuardianWhen we raised the issue with BT, it first offered you a refund of the excess usage charges and a credit for the difference between the residential package ...and more »
2010-04-02 06:07:08 -
Why hating Wall Street can hurt you - Los Angeles Times
Why hating Wall Street can hurt youLos Angeles TimesThere also is one really bad reason, and unfortunately it's one I hear too often from individual investors. "They're crooks. It's all a scam. ...and more »
2010-04-02 07:27:00 -
Cowen said he'd never accuse another Irishman of treason. Well, perhaps he ... - Irish Independent
Cowen said he'd never accuse another Irishman of treason. Well, perhaps he ...Irish IndependentHindsight shows a pattern emerging in or around 2006 in the property market and a wider credit crunch from mid 2007. Many commentators forecast the property ...and more »
2010-04-02 10:57:48 -
Goldman Sachs: Don't Blame Us - Yahoo! News
Goldman Sachs: Don't Blame UsYahoo! NewsThe remainder Goldman paid to its own counterparties to acquire the mortgage securities underlying the credit default swaps AIG had written, which Goldman ...and more »
2010-04-02 11:25:23 -
Mortgage Bonds Present New Risks
The Feds decision not to buy mortgage-backed bonds after Wednesday raises hazards for investors thinking of picking up the slack.
2010-03-29 11:32:50 -
Fed Pulls The Plug On Mortgage Purchases
The Federal Reserve will stop buying mortgage-backed securities this week, ending a massive program thats been helping the housing market recover. The Fed has bought more than $1.2 trillion of mortgage-backed securities in all.
2010-03-30 03:29:23 -
Mortgage Bonds Present New Risks
The fact that investors seem remarkably relaxed about the end of the Federal Reserve's $1.25 trillion program to buy mortgage-backed bonds guaranteed by Fannie Mae and Freddie Mac could be a sign that complacency is seeping back into the financial system, Breakingviews argues.
2010-03-31 04:00:15