Mortgage and Financial News From 2007-8-18 Page 2
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Want good advice? Don't bank on it
Stuff - For the rich, getting investment advice is easy. For the rest of us, banks are often the first port of call but are they any ... if my investment went down temporarily, had reasonable cash savings, a KiwiSaver scheme and had nearly cleared the mortgage, I ...
2007-08-18 09:16:00 -
Advice by Kenneth Harney : Mortgage problems spreading into other ...
Arizona Daily Star - The mortgage credit crunch not only is affecting interest rates that home buyers are quoted, but is triggering changes in less-visible areas such as minimum credit scores, geographic location and type of properties, even controls on who orders credit ...
2007-08-18 04:44:00 -
Mortgage foreclosure scams emerging, bureau warns (The Springfield News-Leader)
The Better Business Bureau is warning against mortgage foreclosure scams in the coming months and years, Across the country, homeowners facing mortgage foreclosure are being scammed by foreclosure "rescue" companies, promising to save their house but only to take their money, a news release from the bureau said. In light of this emerging trend, BBB warns that gloomy forecasts for the housing and ...
2007-08-16 07:27:29 -
Stay out of the hunt until crisis is over (The Observer)
A few missed mortgage payments by some struggling American borrowers may seem an unlikely cause for a global financial crisis, but if you trace back the 'sub-prime' farrago that has put global stock markets in a spin, that is where you end up.
2007-08-18 11:15:24 -
Look Out. This Crunch Is Serious. (Washington Post)
Incipient panic has reigned in U.S. financial markets over the past couple of weeks, and no wonder. Some hedge funds have blown up, the country's second-largest mortgage lender has come close to collapse and stocks have fallen. On Friday, the Federal Reserve Bank lowered a key interest rate to help calm things down.
2007-08-17 10:36:21 -
Thornburg, American Home Mortgage, Countrywide Financial: Analyzing the Analysts (Seeking Alpha via Yahoo! Finance)
Tate Dwinnell submits: It was mighty amusing to see the sell ratings on Thornburg Mortgage from Citigroup and AG Edwards yesterday. Oh OK, right got it. Now I should no longer hold TMA and dump it.
2007-08-16 09:52:39 -
(AFX UK Focus) 2007-08-17 18:02 GMT: Dodd renews call for expanded Fannie, Freddie mortgage investment caps (Interactive Investor)
WASHINGTON (Thomson Financial) - The Bush administration needs to let Fannie Mae and Freddie Mac expand their holdings of mortgage-backed securities in order to inject liquidity into the credit-starved mortgage market, according to Senate Banking Committee Chairman Christopher Dodd of Connecticut.
2007-08-17 05:36:37 -
Ghana: Mortgage Lending in Ghana Gets Boost From IFC (AllAfrica.com)
IFC, a member of the World Bank Group, has announced that it will invest in three banks as part of its Ghana Mortgage Market Initiative, which is designed to boost residential mortgage lending and provide better access to housing finance for Ghanaians.
2007-08-17 06:52:44 -
Mortgage Foreclosure Scams on the Rise (WJTV Jackson)
Homeowners facing mortgage foreclosure are being scammed by foreclosure “rescue†companies
2007-08-17 06:59:43 -
Personal debt need not be a bar to finding the best deals around on the mortgage market (The Scotsman: Business)
AS PERSONAL debt and insolvency continues to increase in Scotland, more and more people are finding they cannot access the mortgage deals they want to.
2007-08-18 12:26:14 -
Jondi Gumz, Reporter at Large: Mortgage world must return to common sense (Santa Cruz Sentinel)
Mortgage consultant Tai Boutell is still getting e-mails offering loans — loans where you need not prove your income.
2007-08-18 01:41:17 -
Want good advice? Don't bank on it (Stuff)
For the rich, getting investment advice is easy. For the rest of us, banks are often the first port of call but are they any good?
2007-08-18 09:24:36 -
Ahead of the Bell: Mortgage Applications
Worldnews.com - In a Credit Crisis, Large Mortgages Grow Costly Herald Tribune When an investment banker set out to buy a $1.5 million home on Long Island last month, his mortgage broker quoted an interest rate of 8 percent. Three days later, when the buyer said he ...
2007-08-16 09:25:00 -
Local mortgage brokers hit, but still OK
WOOD - GRAND RAPIDS -- First Magnus is no longer funding any mortgage loans. The collapse of the secondary mortgage market is the reason. First Magnus had its funding cut off completely by Wall Street. That affected an affiliated local mortgage broker ...
2007-08-16 10:22:00 -
New Credit Standards Squeeze Buyers
Washington Post - The mortgage credit crunch is not only affecting interest rates that home buyers are quoted, but it is also triggering changes ... Webster Bank, a wholesale lender based in Connecticut , told its broker network on Aug. 7 that its minimum credit score has ...
2007-08-18 09:01:00