Mortgage and Financial News From 2008-1-26 Page 18

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  • So what does the share crisis mean for you? (Sunday Herald)

    not be a Nice year for most of us. "Nice" is Bank of England-speak for the big-spending, cheap-money, low-inflation era we have enjoyed for some 15 years. And it is officially over.
    2008-01-26 02:35:06

  • This reckless greed of the few harms the future of the many (The Observer)

    Never in human affairs have so few been allowed to make so much money by so many for so little wider benefit.
    2008-01-26 03:22:46

  • This reckless greed of the few harms the future of the many (Guardian Unlimited)

    Comment is free: Will Hutton: The government must act firmly to control an industry that destabilises all our lives with its naked pursuit of huge profits
    2008-01-26 04:21:47

  • Economic slump effects voter leanings in Tuesday's primary (Houston Chronicle)

    Riverview, Fla., a quiet suburb on the Gulf Coast, serves as a window into the worst of the nation's economy and housing woes.
    2008-01-26 04:26:59

  • Florida Family in Economic Peril Looks to a Republican for Relief (Washington Post)

    RIVERVIEW, Fla., Jan. 25 -- Piece by piece, as the economy has faltered and the subprime mortgage crisis has taken hold, Ivan Toledo's grasp on his job, his house -- his entire middle-class life -- has come undone.
    2008-01-26 04:54:11

  • Reviewer of Subprime Loans Agrees to Aid Inquiry

    New York Times - The mortgage business boomed from 2002 to 2006, generating lucrative fees for mortgage brokers, lenders, credit rating firms, investment banks and many investors. Investment banks began buying billions of dollars of more risky loans made to borrowers ...
    2008-01-26 02:37:00

  • Hispanic homeownership could fall during crisis

    San Antonio Express News - A group of mortgage lenders handling 90 percent of subprime loans have agreed to freeze the interest rates on some adjustable-rate mortgages for up to five years. •FHASecure: HUD refinances adjustable-rate mortgages ...
    2008-01-26 02:30:00

  • State, city pension funds expand securities fraud suit

    Empire State News - Countrywide Financial Corp., based in Calabasas, California, is one of the nation’s largest home mortgage lenders. The class action alleges that Countrywide’s material misstatements and omissions regarding its lending practices, and other ...
    2008-01-26 03:05:00

  • Housing crisis

    Army Times - The administration has also reached an agreement with major mortgage lenders to freeze interest rates for five years. It applies to homeowners who got adjustable-rate subprime loans between Jan. 1, 2005, and July 31, 2007, and who face a sharp jump ...
    2008-01-26 02:08:00

  • W. Pa. mortgage broker sentenced in scam

    Philadelphia Inquirer - PITTSBURGH - A mortgage broker who prosecutors say cost lenders between $400,000 and $1 million was sentenced to more than three years in federal prison. William D. Edgar, 49, of Verona, operated America's Mortgage Outlet in Monroeville. Besides ...
    2008-01-26 02:22:00

  • $300 Bucks holy crap what a windfall. - OpEdNews

    $300 Bucks holy crap what a windfall.OpEdNews, PA - 5 hours agoBail out the predatory lenders?? What a great idea make sure the hedge fund managers get their cut. Oh that's right they already got theirs plus a hefty tax ...
    2008-01-26 11:13:16

  • Rate cuts designed to boost buying - Jackson Clarion Ledger

    Rate cuts designed to boost buyingJackson Clarion Ledger, MS - 2 hours agoTypically, when interest rates are lowered, there is greater pressure on lenders to ensure good credit quality standards, he said. ...
    2008-01-26 02:35:09

  • W. Pa. mortgage broker sentenced in scam - MLive.com

    W. Pa. mortgage broker sentenced in scamMLive.com, MI - 1 hour agoAP PITTSBURGH (AP) — A mortgage broker who prosecutors say cost lenders between $400000 and $1 million was sentenced to more than three years in federal ...
    2008-01-26 02:51:09

  • Banks: Loans hinge on a solid plan - Garden City Telegram

    Banks: Loans hinge on a solid planGarden City Telegram, KS - 38 minutes agoFort said while the application process hasn't changed for commercial loans, lenders are still thorough in examining business proposals. ...
    2008-01-26 04:01:15

  • What the turmoil will mean for mortgages - Times Online

    What the turmoil will mean for mortgagesTimes Online, UK - 34 minutes agoAt the same time, some lenders have been reducing their fixed rates. David Hollingworth at L&C Mortgages, a broker, said: “Many people are quick to dismiss ...
    2008-01-26 04:05:35

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