Mortgage and Financial News From 2008-3-10 Page 19

Previous Day: 2008-03-09

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• Asian stocks sag on US recession fears, Malaysia dives on election ...

  CNN Money - ... Why should I step down?' he told a cheering crowd outside his home late Sunday. ... fears of more write-downs following news last week of troubles at Thornburg Mortgage ... and curtailing bank lending activities to tame inflation. China's biggest lender ...
  2008-03-09 11:50:00

• U.S. EXCERPTS: Home wreckers; wrong choice

  Kansas City Star - table> Home wreckers
  2008-03-08 03:56:00

• Tenants: Be aware of landlords facing foreclosure

  Miami Herald - ... Miami consumer lawyer. ``They don't know if the landlord is paying the mortgage or not ... About 10 months ago, she and her five children moved into a new four-bedroom home ... In most cases, foreclosure wipes out the lease, enabling the lender to evict tenants
  2008-03-09 11:57:00

• Dollar wilts as recession alarm bells ring

  Zawya.com - Worries about credit market problems have flared up again after fresh bad news from companies including US home loan lender Thornburg Mortgage, which said it was unable to pay debt and could face bankruptcy.
  2008-03-09 10:24:00

• Fed to step up lending as credit rout continues 

  Business Day South Africa - Citigroup, the fourth-largest US home lender by new loan volume, said on Thursday it planned to pare its mortgage and home-equity loan holdings about $45bn, or 20%, over the next year.
  2008-03-09 10:10:00

• Port St. Lucie hit hard by housing slump

  Miami Herald - mortgage broker laid off in Port St. Lucie after the home-loan business dried up ... higher taxes and insurance drove monthly payments on their mortgage to $1,900 from $1,300. When Joanna Walk, 30, called the lender ...
  2008-03-09 11:57:00

• Philadelphia's real estate market improving

  Philadelphia Inquirer - Financing should be no problem; his firm has an employee mortgage program through ... which are being allowed to increase their portfolios to accommodate more home ... Cheryl Miller of Long & Foster's Lower Gwynedd office, had him contact a lender she ...
  2008-03-09 11:57:00

• Harry Gross: With Social Security, pension & savings, does he have to ...

  Philadelphia Daily News - I have $17,000 in a savings account, and I own my home free and clear. I'm not married. ... on the mortgage for principal and interest will not change for the life of the mortgage. However, if your taxes or insurance should increase, the lender will ...
  2008-03-09 11:57:00

• FBI probes Countrywide for possible fraud

  CNN Money - The probe will examine underwriting and mortgage origination practices, and whether the company misrepresented losses ... Calabasas, Calif.-based Countrywide is the nation's largest home lender, responsible for roughly one-fifth of the mortgages in ...
  2008-03-10 12:40:00

• Incentives to use builder's lender come under fire

  Chicago Tribune - WASHINGTON - If you've bought a new-construction home in recent years, you've probably run into this: The builder offers you a substantial incentive -- a finished patio, extra square footage -- if you agree to obtain your mortgage, and maybe your ...
  2008-03-08 04:57:00

• How to Stop the Mortgage Crisis

  American Enterprise Institute - Reviving the depression-era Home Owners' Loan Corporation would have the government use taxpayer money to pay off existing loans and become the largest mortgage lender in the country.
  2008-03-09 09:55:00

• Be smart about your biggest asset

  Detroit Free Press - Rule 1: If you're buying a house, never let a mortgage lender tell you what you can afford. ... Choosing the right mortgage is the key to having real home security. Rule 3: If you own a home, protect your equity.
  2008-03-10 12:11:00

• Strains drive Australian bank rates to 13-year high

  Boston Globe - Commonwealth Bank of Australia Ltd , the country's biggest mortgage lender, said on Monday it would raise its variable home loan rate by 35 basis points -- 10 basis points higher than the central bank's hike.
  2008-03-10 12:18:00

• States get with uniform lender licensing efforts

  Chicago Tribune - States get with uniform lender licensing efforts ... lenders and borrowers about the people and companies that originate and fund home loans. "This is the most significant innovation in mortgage-industry ...
  2008-03-09 11:35:00

• Lender is Set to Buy $150,000,000 in Builder Closeouts, REOs and Non-Performing Notes Per Month in 2008 (PRWeb)

  Lending Gateway, LLC is now purchasing builder buyouts, REOs and non-performing notes. (PRWeb Mar 10, 2008) Read the full story at http://www.prweb.com/releases/2008/03/prweb754924.htm
  2008-03-10 12:35:43

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