Mortgage and Financial News From 2008-2-2 Page 42
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Lenders block home-equity line withdrawals
North County Times - Mortgage brokers said lenders are especially cautious about property values on equity lines because they generally act as second mortgages. When a home goes into foreclosure and sells for less than the loan amount, the lender on a second can get ...
2008-01-31 03:57:00 -
Tough love for Etobicoke couple head over heels in debt
Globe and Mail - ... forced another to lug around their TV sets as symbols of their debt and routinely demands that her subjects get a second ... programs, she wound up writing the booklets that taught staff at Royal Trust and CIBC about products such as RRSPs, mortgages ...
2008-02-02 01:28:00 -
European Stocks Rise, Snapping Seven-Week Rout; Rio Rallies
Bloomberg - Credit Agricole SA, France's second-largest bank by assets, is appointing advisers to explore a possible bid for Societe ... posted the biggest loss ever by a bank, after raising fourth-quarter writedowns on securities hurt by U.S. subprime mortgages ...
2008-02-02 02:18:00 -
Fitch Ratings considers downgrading $139 billion in bonds backed by ...
CNBC - With home prices sinking, many borrowers who normally would take out a second mortgage on their home to pay off their first ... Further, many homeowners appear willing to walk away from their mortgages, Fitch said. Fitch tries to forecast losses on ...
2008-02-01 01:32:00 -
Feeling the credit pinch
Herald Tribune - Q Are banks making it harder for existing homeowners to get home-equity loans or second mortgages, too? A Yes -- at least, many of them are. Several lenders are now requiring that prospective borrowers have at least a 10 percent or even 20 percent ...
2008-02-02 01:21:00 -
Flying Free and Losing Altitude Fast - Signal
Flying Free and Losing Altitude FastSignal, CA - 9 hours agoWhat were our pilots thinking when they let greed run unabated with unregulated mortgages? And what did our pilots think would happen when they slashed ...
2008-02-01 05:03:37 -
Obama criticizes Clinton for her Iraq vote, Clinton seizes on poor ... - International Herald Tribune
Obama criticizes Clinton for her Iraq vote, Clinton seizes on poor ...International Herald Tribune, France - 7 hours agoThe Times, the main newspaper in the second-largest US city, praised him as an inspiring leader "most focused on steering the nation toward constructive ...
2008-02-01 07:48:15 -
French court to consider temporary jail for rogue trader - Xinhua
French court to consider temporary jail for rogue traderXinhua, China - 6 hours agoFounded in 1864, Societe Generale, the country's second-largest bank, has to raise 5.5 billion euros (7.7 billion dollars) in emergency capital to shore up ...
2008-02-01 08:58:28 -
Beazer Homes leaving Columbia - The State
Beazer Homes leaving ColumbiaThe State, SC - 5 hours agoThe company also said it would no longer originate mortgages and would offer its buyers mortgage services through Countrywide Financial Corp. ...
2008-02-01 09:02:15 -
Lenders block home-equity line withdrawals - North County Times
Lenders block home-equity line withdrawalsNorth County Times, CA - 5 hours agoMortgage brokers said lenders are especially cautious about property values on equity lines because they generally act as second mortgages. ...
2008-02-01 09:02:41 -
Nationwide Property Network Provide Solution To Mortgage Defaulters - The Open Press (press release)
Nationwide Property Network Provide Solution To Mortgage DefaultersThe Open Press (press release) - 5 hours agoNo broken chains or second thoughts, once Nationwide Property Network makes an offer and the survey is completed, they guarantee not to back out. ...
2008-02-01 09:06:58 -
US Economy Unexpectedly Sheds 17000 Jobs - New York Times
US Economy Unexpectedly Sheds 17000 JobsNew York Times, United States - 5 hours agoIn a statement, Senator Hillary Rodham Clinton said the economy was “sliding into a second Bush recession.” And Douglas Holtz-Eakin, who advises Senator ...
2008-02-01 09:07:28 -
Barth officially begins campaign - Martinsburg Journal
Barth officially begins campaignMartinsburg Journal, WV - 5 hours agoThese residents were concerned about their jobs, their mortgages, and the future. “The dollar is shrinking and the price of gas and groceries is exploding,” ...
2008-02-01 09:19:28 -
Study condemns bashing of informal sector - IPP Media - Guardian
Study condemns bashing of informal sectorIPP Media - Guardian, United Republic of Tanzania - 5 hours agoIt is also suggested that efforts should be made to support capital accumulation through mortgages for traders that would enable them acquire physical ...
2008-02-01 09:26:30 -
Official urges banks to save bond insurer - Charlotte Observer
Official urges banks to save bond insurerCharlotte Observer, NC - 2 hours agoAt an investor conference this week, the bank said its exposure was about $400 million for insurance tied to complex securities backed by mortgages, ...
2008-02-02 12:09:33