Mortgage and Financial News From 2008-2-16 Page 46
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FGIC asks to be split in two; separating muni business from CDOs (MENAFN)
FGIC asks to be split in two; separating muni business from CDOs
2008-02-16 12:28:01 -
Market still facing headwinds from credit, economy (MENAFN)
Market still facing headwinds from credit, economy
2008-02-16 12:28:31 -
Insurer FGIC may split (The News & Observer)
Move would save municipal bonds.
2008-02-16 12:37:22 -
A Split-Up of Insurers of Bonds Is Considered (NYTimes.com via Yahoo! Finance)
Proponents of the idea say such a step could restore confidence in the financial markets broadly, and specifically in the $2.6 trillion municipal bond market.
2008-02-16 12:39:33 -
Would you be better off renting a home?
This is Money - According to the Council of Mortgage Lenders the average mortgage taken out by homebuyers in December 2007 was £129,000 at 80% loan-to-value, while the average mortgage interest rate was 6.05%. This leaves the average homebuyer paying out £855 per ...
2008-02-15 08:54:00 -
Economic changes push St. Petersburg homeowner to the brink of ...
St. Petersburg Times - On a case-by-case basis, lenders may opt to lower interest rates or lengthen the term of the mortgage. Foreclosure may be postponed a month while a plan is being developed. For help, call your mortgage company directly or call the toll-free HOPE ...
2008-02-15 10:27:00 -
NHAR: Use slow time to renew, prepare
Union Leader - The robust economy we have come to depend on is letting us down; loose talk about recession is on every news channel. The bad news just keeps coming. Mortgage lenders are disappearing, Wall Street's in a deep funk and, worst of all, consumers are ...
2008-02-15 06:45:00 -
Predatory lenders had a partner in crime at OCC
Houston Chronicle - Several years ago, state attorneys general and others involved in consumer protection began to notice a marked increase in a range of predatory lending practices by mortgage lenders. Some were misrepresenting the terms of loans, making loans without ...
2008-02-13 03:56:00 -
Reverse lending on rise in D.C.
The Washington Times - In the D.C. area alone, the number of home-equity conversion mortgages (HECMs), by far the most popular type of reverse mortgage loan, has risen 289 percent since 2005, according to the National Reverse Mortgage Lenders Association. Diana and Peter ...
2008-02-15 09:51:00 -
Mortgage insurance industry taking hit during housing slump
Myrtle Beach Online - Freddie also imposed a 25 percent limit on the amount of premiums the insurers can pass on to so-called captive insurers, which are generally owned by mortgage lenders and cut into the profits of mortgage insurers because they were forced to split ...
2008-02-15 08:04:00 -
Trade group squeezes Fannie & Freddie
CNN Money - Trade group squeezes Fannie & Freddie The government-backed mortgage lenders are restricted from selling mortgage-backed securities larger than $417,000 on the 'To Be Announced' trading market.
2008-02-15 01:44:00 -
Kenneth Harney: Major mortgage insurer goes way of lenders, tightening ...
Arizona Daily Star - WASHINGTON — First it was the lenders. Now it's the mortgage insurance industry: Entire product lines are being yanked off the real estate financing shelf, potentially squeezing large numbers of buyers and refinancers out of the marketplace. On Feb ...
2008-02-15 10:56:00 -
Payday loan limits passed - Concord Monitor
Payday loan limits passedConcord Monitor, NH - 2 hours agoBy LAUREN R. DORGAN New Hampshire's payday lenders will likely close shop next winter. The Senate yesterday approved a tight cap on payday and title loans, ...
2008-02-15 09:09:17 -
The streets of despair - Boston Herald
The streets of despairBoston Herald, United States - 2 hours agoOverall, Dorchester accounts for more than a third of the 3584 foreclosure notices issued last year by lenders in Suffolk County, according to The Warren ...
2008-02-15 09:13:03 -
Federal flood insurance available in Flanagan - MyWebTimes.com
Federal flood insurance available in FlanaganMyWebTimes.com, IL - 2 hours agoLenders must require borrowers whose properties are located in a designated flood hazard area to purchase flood insurance as a condition of receiving a ...
2008-02-15 09:17:39