Mortgage and Financial News From 2008-3-10 Page 5

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  • Home Market Won't Be Buoyed by New Mortgage Caps: John F. Wasik

    Bloomberg - ... can't sell a home with an unaffordable adjustable-rate loan in Michigan or Illinois, or want to refinance into an FHA mortgage? ... higher rates this year, according to RealtyTrac Inc. , an Irvine, California-based firm that tracks this information
    2008-03-10 12:54:00

  • New lending limits announced (Tehachapi News)

    The U.S. Department of Housing and Urban Development is a week early in announcing new temporary mortgage loan limits...
    2008-03-10 11:36:04

  • February ends on bright note for mortgage lenders (Providence Business News)

    WASHINGTON – The number of residential mortgage applications filed nationwide edged up in the final days of February, ending a three-week decline, according to the Mortgage Bankers Association’s weekly report.
    2008-03-10 05:04:06

  • Short sales show desperation

    Corvallis Gazette-Times - She said the mortgage broker encouraged her to overstate her income to qualify for the loan. But when her commissions slowed down, she found she could not afford the monthly payments of $6,100, even with her tenant’s rent check.
    2008-03-10 12:40:00

  • CUA winds back mortgages as credit crunch rolls on

    News.com.au - CUA blamed the increased cost in funding mortgages and the current squeeze in the global mortgage securitisation market for its decision to pull back from the broker network.
    2008-03-09 07:46:00

  • Many ideas, but few are helping fix mortgages

    San Diego Union-Tribune - Knowles, a mortgage broker at CalBrokers in San Diego. “Who in the world would invest in mortgages if they know the bank might rewrite the terms?
    2008-03-09 07:00:00

  • Loan plan divides neighbors

    Chicago Tribune - He bought a house from a speculator and refinanced through his wife's hairdresser-turned-mortgage-broker. The new loan brought him current on various debts, but saddled him with unsustainable monthly payments that he hoped to reduce through ...
    2008-03-07 03:57:00

  • Bear Stearns Shares Fall on Liquidity Speculation (Update6)

    Bloomberg - We would focus on any broker/dealer that has a narrowly defined critical business impact -- such as being `just' or primarily a mortgage-backed securities shop.
    2008-03-10 02:52:00

  • Beward of rolling short-term money woes into mortage

    News.com.au - Nearly two out of five mortgages last month were for refinancing purposes according to mortgage broker AFG. Banks account for most refinancing – about 77 per cent – with non-bank lenders taking the balance of about 23 per cent.
    2008-03-09 06:53:00

  • Forex - Wachovia Asks What We Have Learned About Mortgage Markets And ...

    RTT News - For example, attorneys, real estate agents and especially the mortgage broker were engaged in a transaction—all without having an interest in the long-term viability of the mortgage, Silvia noted, and remarked that moreover, many recent mortgages ...
    2008-03-10 05:41:00

  • Mortgage brokers sacked

    The Australian - CREDIT Union Australia will pull out of broker-based mortgage originations as the global credit crunch cuts into its margins. CUA, Australia's largest mutual, is the second non-bank lender in a week to wind back on mortgage originations as ...
    2008-03-10 06:23:00

  • Bank, Broker Bond Risk Soars on Concern That a Firm May Fail

    Bloomberg - Bank, Broker Bond Risk Soars on Concern That a Firm May Fail By Shannon D. ... comes amid rising concern that banks and securities firms will report wider losses as the collapse of subprime mortgage ...
    2008-03-10 01:26:00

  • Mortgage firm cops fury over other AFG

    The Australian - AUSTRALIA'S biggest mortgage broker, Australian Finance Group, is at the centre of a mistaken identity nightmare, with angry investors of the troubled Allco Finance Group targeting the private firm with hoax anthrax scares, hate calls and malicious ...
    2008-03-10 06:23:00

  • Credit Scorers Find New Ways To Judge You

    Wall Street Journal - When Rich McEldowney of Bozeman, Mont., and his wife, Phoebe, applied for a mortgage in February 2007, their mortgage broker told them that his wife didn't have a credit score anymore.
    2008-03-10 04:53:00

  • Name to blame over mortgage hate-mail

    News.com.au - Australian Finance Group, a privately held mortgage broker in the western city of Perth, trades as AFG, the same letters as the stock symbol for Allco Finance Group, whose market value has shrunk almost 90 percent amid a global credit crunch on ...
    2008-03-09 09:55:00

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