Mortgage and Financial News From 2008-2-8 Page 14

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  • Piggyback Loans Leading to Foreclosures - Washington Post

    Piggyback Loans Leading to ForeclosuresWashington Post, United States - 56 minutes agoShe also did not pay mortgage insurance, which lenders require only if a loan exceeds 80 percent of the price of the house. Her first loan covered exactly ...
    2008-02-08 06:38:48

  • repossessions to hit 12-year high - Telegraph.co.uk

    repossessions to hit 12-year highTelegraph.co.uk, United Kingdom - 56 minutes agoHowever, it still equates to one in every 400 home owners, figures published by the Council of Mortgage Lenders, show. The CML forecasts that this will ...
    2008-02-08 06:39:32

  • Just how shady was Jeremy Richardson? - KATU

    Just how shady was Jeremy Richardson?KATU, OR - 51 minutes agoNow they believe it was part of a scheme that would prevent lenders from electronically tracking how many properties each investor really owned or was in ...
    2008-02-08 06:43:55

  • Foreclosure assistance may be a scam - abc7.com

    Foreclosure assistance may be a scamabc7.com, CA - 40 minutes agoMore and more lenders are willing to negotiate with a homeowner that is in trouble with their mortgage payments. Most of the time all you have to do is ...
    2008-02-08 06:54:59

  • Help for homeowners in over their heads - Los Angeles Times

    Help for homeowners in over their headsLos Angeles Times, CA - 33 minutes agoNeighborhood Assistance is paid by lenders for approved loans and some workouts, and, like most mortgage brokers, Hendon earns a salary plus commission. ...
    2008-02-08 07:02:01

  • Ex-Unit Of FBR Plans 10% Staff Cut - Washington Post

    Ex-Unit Of FBR Plans 10% Staff CutWashington Post, United States - 20 minutes agoThe investment bank's underwriting business in mortgage lenders, which at its peak represented 30 percent of its business, made up 1.5 percent as of October ...
    2008-02-08 07:14:48

  • Bid hopes distract from fears of slowdown - Telegraph.co.uk

    Bid hopes distract from fears of slowdownTelegraph.co.uk, United Kingdom - 11 minutes agoThe housebuilders were rocked by figures from the Council of Mortgage Lenders showing that the number of repossessions rose by 21pc last year to 27100 - the ...
    2008-02-08 07:24:19

  • Increasing repossessions to hit 12-year high (Daily Telegraph)

    House repossessions are expected to hit a 12-year high this year, with 45,000 owners seeing their homes taken away, experts have warned.
    2008-02-08 06:58:48

  • Help for homeowners in over their heads (Los Angeles Times)

    A loan officer who steered many borrowers into what became problem mortgages changes hats and is now trying to be part of the solution. Darren Hendon worked in the mortgage business for years. He sold many home buyers on adjustable-rate loans with low-interest "teaser" rates that rocket higher, typically after two years.
    2008-02-08 07:06:25

  • Increasing home repossessions to hit 12-year high (Daily Telegraph)

    House repossessions are expected to hit a 12-year high this year, with 45,000 owners seeing their homes taken away, experts warned yesterday.
    2008-02-08 07:07:08

  • AP Poll: Leaving Iraq will help economy (The Pantagraph)

    WASHINGTON -- The heck with Congress' big stimulus bill. The way to get the country out of recession - and most people think we're in one - is to get the country out of Iraq, according to an Associated Press-Ipsos poll.
    2008-02-08 07:23:18

  • Rebates Good, Iraq Pullout Better, Poll Says (CBS 46 News Atlanta)

    A new poll says that while Americans think rebate checks are nice, most would rather see the country pull out of Iraq.
    2008-02-08 07:26:14

  • Poll Says Rebates Good, Iraq Pullout Better (Local 6 Orlando)

    Rebate checks are nice, but most Americans think the best way to help the country's economy is to pull out of Iraq, a new poll says.
    2008-02-08 07:26:42

  • Transcript of Frankie Darcell's interview with the mayor (Detroit Free Press)

    MS. DARCELL: A couple minutes now past 1:00 o'clock, Frankie Darcell with you. Thank you so much for joining us. And of course in the studio, as promised, the Honorable Mayor Kwame Malik Kilpatrick in the studio with us.
    2008-02-08 07:28:27

  • Brazilian Real Weakens for Second Day on Global Growth Concern

    Bloomberg - Feb. 8 (Bloomberg) -- The Brazilian real fell for a second consecutive day on speculation a slowing global economy will reduce demand for emerging markets' high-yielding assets. Countries such as Brazil, which offer ``the biggest interest-rate ...
    2008-02-08 12:27:00

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