Mortgage and Financial News From 2008-1-12 Page 01

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  • YSP abuse still possible with updated reform act

    Arlington Heights Daily Herald - YSP abuse, as explained in my first column, arises when mortgage brokers steer borrowers into high-rate loans on which the broker collects a rebate from the lender, without the knowledge of the borrower. To eliminate it, I suggested a simple and ...
    2008-01-12 09:56:00

  • Presidential campaign's focus turns to economy

    Houston Chronicle - And the nation's largest mortgage lender put itself on the auction block as a result of bad loans and plunging home values. With economic indicators shaky and most Americans convinced a recession is under way, Federal Reserve Chairman Ben Bernanke ...
    2008-01-12 10:39:00

  • Housing slump, credit woes were fatal blow for Countrywide

    Times and Democrat - ... times soon began to unravel, as the housing market tanked, home prices plummeted and defaults began to mount, particularly among borrowers with weak credit who took on high-interest subprime loans and others with risky adjustable-rate mortgage loans ...
    2008-01-12 08:44:00

  • Why your home loan is rising - NEWS.com.au

    Why your home loan is risingNEWS.com.au, Australia - 1 hour agoAustralia's biggest home mortgage lender Commonwealth has now hiked its variable home loan rate by 10 basis points to 8.67 per cent, blaming the credit ...
    2008-01-12 09:56:56

  • Stable but boring trumps risk-taking for now - Pioneer Press

    Stable but boring trumps risk-taking for nowPioneer Press, MN - 1 hour agoBut as the second-largest residential mortgage originator in the country and one of the 10 largest servicers of subprime loans, the company wasn't entirely ...
    2008-01-12 10:06:10

  • Answers to last year's business questions elusive - Boston Globe

    Answers to last year's business questions elusiveBoston Globe, United States - 1 hour agoHow many people have received new mortgage loans from MassHousing since Governor Deval L. Patrick announced a program in July to refinance troubled ...
    2008-01-12 10:08:25

  • Where there's a will, there's a way to organize estate, priorities - Boston Globe

    Where there's a will, there's a way to organize estate, prioritiesBoston Globe, United States - 1 hour agoBut Smith, a principal with the Garnet Group, said that's not unusual for people at their stage of life, when mortgage payments and student loans are still ...
    2008-01-12 10:08:26

  • Government efforts to stem foreclosures mean fewer chances for ... - Boston Globe

    Government efforts to stem foreclosures mean fewer chances for ...Boston Globe, United States - 1 hour agoMany families chose to stretch, agreeing to monthly mortgage payments that consumed a larger share of income than the recommended 28 percent - often a much ...
    2008-01-12 10:08:33

  • Amlak posts record profit - ArabianBusiness.com

    Amlak posts record profitArabianBusiness.com, United Arab Emirates - 1 hour ago... with their larger asset base and bigger branch networks, are muscling in on the rapidly expanding mortgage market. The value of outstanding home loans ...
    2008-01-12 10:08:37

  • Bankruptcy filings jump, but remain lower than 2004 [8 hrs ago] - NewsOK.com (subscription)

    Bankruptcy filings jump, but remain lower than 2004 [8 hrs ago]NewsOK.com (subscription), OK - 1 hour agoBut some homeowners who understood the consequences of signing an adjustable rate mortgage were assured by loan brokers not to worry about rising payments, ...
    2008-01-12 10:13:44

  • More seniors take out loans that dip into the equity in their homes. - News & Observer

    More seniors take out loans that dip into the equity in their homes.News & Observer, NC - 1 hour agoChuck Griswold, a senior mortgage loan officer at RBC Centura, expects reverse mortgages to become increasingly popular for homeowners who bought their ...
    2008-01-12 10:27:27

  • When mortgages reverse - News & Observer

    When mortgages reverseNews & Observer, NC - 1 hour agoThe up-front costs of a reverse mortgage are higher than in traditional mortgages. In the Triangle, up-front costs on loans typically are $5000 to $10000, ...
    2008-01-12 10:27:27

  • Allied West moving forward with plans for paper plant - Yuma Sun

    Allied West moving forward with plans for paper plantYuma Sun, AZ - 1 hour agoMortgage Lending Group specializes in residential home loans. For more information, call 345-0244 or visit www.mortgagelendinggrp.com. ...
    2008-01-12 10:28:09

  • Condo, townhome? What is it? - Chicago Daily Herald

    Condo, townhome? What is it?Chicago Daily Herald, IL - 1 hour agoA. It's true a lot of mortgage scams these days prey on homeowners who are in trouble with their loans. Perhaps that's what your son heard about, ...
    2008-01-12 10:30:33

  • YSP abuse still possible with updated reform act - Chicago Daily Herald

    YSP abuse still possible with updated reform actChicago Daily Herald, IL - 1 hour agoBy Jack Guttentag | Inman News Service YSP abuse, as explained in my first column, arises when mortgage brokers steer borrowers into high-rate loans on ...
    2008-01-12 10:30:34

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