Mortgage and Financial News From 2008-1-26 Page 4

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  • Expanding relief for homeowners urgently needed - Houston Chronicle

    Expanding relief for homeowners urgently neededHouston Chronicle, United States - 22 minutes agoWhen servicers are unwilling or unable to voluntarily modify exploding, unsustainable home mortgage loans, Congress has a duty to consider involuntary ...
    2008-01-26 10:38:07
  • Navigating troubled waters - Bonitanews (subscription)

    Navigating troubled watersBonitanews (subscription), FL - 17 minutes agoFlorida is among the leading states in foreclosure rates across the country, the result of falling home prices and increasing mortgage payments. ...
    2008-01-26 10:42:39
  • Homeowners get some advice on managing debt - Chicago Daily Herald

    Homeowners get some advice on managing debtChicago Daily Herald, IL - 13 minutes agoDiscussions looked at the sub prime mortgage crisis, including examining adjustable rate loans with low initial rates, 100 percent interest loans and ...
    2008-01-26 10:46:30
  • Desperate owners turn to short sales (The Record)

    What do you do if you're a single mother who can't afford your mortgage payments of more than $3,700 a month, but can't sell your house for anywhere near the amount you owe on the mortgage?
    2008-01-26 10:40:03
  • Homeowners get some advice on managing debt (Daily Herald)

    A Schaumburg congregation trying to help local residents avoid foreclosure held a summit Saturday that brought experts, including bankers, financial planners and lawyers, to homeowners.
    2008-01-26 10:46:48
  • Report: Mortgage analysis company providing information in probe (The Post-Star)

    ALBANY, N.Y. - A company that analyzed the quality of subprime mortgages for investment banks has agreed to provide the New York attorney general with information for an investigation, a newspaper reported Saturday.
    2008-01-26 10:50:12
  • Housing woes send borrowers, lenders back to safety of mortgage insurance (Lincoln Journal Star)

    Mortgage insurance, which fell out of favor during the days of 100 percent financing and combo loans, is making a comeback.
    2008-01-26 10:51:23
  • Mexican housing markets boom despite U.S. crisis (Lincoln Journal Star)

    MEXICO CITY — In her bustling corner real estate brokerage, Ana Laura Pulido is doing her best business in years, enjoying a sort of Mexican immunity from the U.S. housing crash.
    2008-01-26 10:51:43
  • Complex financial trades worry economy watchers (Lincoln Journal Star)

    WASHINGTON — Even as lawmakers agreed Thursday on a tax rebate to stimulate consumer spending, a new threat to the economy is emerging because of the complex way the financial system has recently tried to cover its losses.
    2008-01-26 10:51:53
  • After befriending street people, Carlyle tycoon opens his wallet (Lincoln Journal Star)

    WASHINGTON — When he isn’t crisscrossing the globe in search of investment opportunities, Carlyle Group co-founder William Conway will often take a few minutes in the morning to consult with five guys named Earl, Norman, Sam, Lorenzo and Tim.
    2008-01-26 10:52:03
  • Report: Cuomo gets cooperation in probe (Lexington Herald-Leader)

    A company that analyzed the quality of subprime mortgages for investment banks has agreed to provide the New York attorney general with information for an investigation, a newspaper reported Saturday. The agreement involves Clayton Holdings, of Shelton, Conn., a publicly held company that is a major provider of mortgage due diligence services to investment banks, The New York Times reported. ...
    2008-01-26 10:56:37
  • Confessions of a Capitalist Roader (Pulse of the Twin Cities)

    America faces some big problems—war, racism, poverty, health care—to name four. But right up there is the growing unease that our bifurcated society grows wider apart. The wealth chasm expands.
    2008-01-26 10:57:12
  • Will migrants avoid downturn Britain?

    Times Online - ... us so much excitement, is very important and has implications for interest rates ... The housing market, having lost one supporting pillar with sharply reduced mortgage ... dropped by 131,400 in the 12 months to December and is now at its lowest rate since ...
    2008-01-26 02:37:00
  • Stocks extend their gains following employment report, hopes for ...

    CNBC - Bond insurers have been hurt in the fallout from the mortgage and credit crises, and news of their problems has shaken the ... Applications for benefits dropped 1,000 to 301,000, pushing claims down to the lowest level in four months. Investors also ...
    2008-01-23 03:59:00
  • South African Rand Posts Weekly Decline on Power Cuts, Rates

    Bloomberg - South African Rand Posts Weekly Decline on Power Cuts, Rates By Garth Theunissen ... It dropped to 7.3375 on Jan. 22, the lowest since Aug. 22. Ediz forecasts it will ... values, plunging equities and corporate losses linked to U.S. subprime-mortgage ...
    2008-01-26 08:32:00