Mortgage and Financial News From 2007-12-6 Page 18

RSS Feed

Previous Day: 2007-12-05

Return to the mortgage news archive home.

Page:  01 2 3 4 5 6 7 8 9 10 11 12 13 14 15
 16 17 18 19 20 21 - 40

  • Agreement will freeze some mortgage rates (The Charlotte Observer)

    Hundreds of thousands of strapped homeowners could get some relief from a plan negotiated by the Bush administration to freeze interest rates on subprime mortgages that are scheduled to rise in the coming months. "There is no perfect solution," President Bush said Thursday as he announced an agreement hammered out with the mortgage industry. "The homeowners deserve our help. The steps I've ...
    2007-12-06 11:39:10

  • UPDATE 2-IndyMac CEO sees losses through at least mid-2008

    Reuters - IndyMac made $64.89 billion of mortgage loans from January to September, ranking ninth nationally, and second after Countrywide Financial Corp (CFC.N: Quote , Profile , Research ) among independent, publicly traded lenders, according to the ...
    2007-12-06 12:10:00

  • Rock says Bank loans about 25 billion pounds

    International Herald Tribune - LONDON : Mortgage lender Northern Rock has borrowed about 25 billion pounds from the Bank of England since its funding crisis erupted in mid-September, a Northern Rock spokesman said on Thursday. The latest Bank of England weekly balance sheet data ...
    2007-12-06 11:41:00

  • Freezing US subprime rates may hurt ratings - S&P

    Reuters - Absent any real offset to default frequency and loss severity that may result from the enactment of any loss mitigation proposal, simply freezing interest rates on some U.S. first-lien subprime mortgage loans would have a negative impact" on ...
    2007-12-06 12:24:00

  • U.S. Lends Hand on ARMs

    Street.Com - Details of Bush's plan comes the same day the Mortgage Bankers Association released a report saying the delinquency rate for residential mortgage loans stood at 5.59% of all loans outstanding at the end of September -- the highest since 1986. Those ...
    2007-12-06 11:48:00

  • U.S. Stocks Rally; Countrywide, Fannie Mae, Homebuilders Climb

    Bloomberg - Wells Fargo & Co., the second-largest U.S. mortgage lender, said it will start offering an interest-rate freeze on some subprime mortgage loans within the next few weeks. Its shares added 19 cents $32.59. By freezing interest rates, ``we ...
    2007-12-06 01:14:00

  • A Subprime Solution

    Forbes - ... Wells Fargo (nyse: WFC - news - people ), Citigroup (nyse: C - news - people ) and JPMorgan Chase (nyse: JPM - news - people ), who collectively service $4.3 trillion in mortgage loans, all support ...
    2007-12-06 01:28:00

  • White House unveils subprime rate freeze plan

    MSN MoneyCentral - US President George W. Bush on Thursday formally unveiled a plan to freeze interest rates on some subprime home loans for five years, setting up potential showdowns with mortgage security investors who could see their returns decline and Democrats ...
    2007-12-06 01:07:00

  • Fitch Affirms Mezz Cap Commercial Mortgage P-T Ctfs 2006-C4

    Forbes - The mortgage loans consist of two notes: the A note (or senior component) which is not included in this trust's mortgage assets, and the B note. The B notes in this pool consist of subordinate interests in the first mortgage loans. All loans are ...
    2007-12-06 11:34:00

  • UPDATE 2-NY mortgage lender Delta Fin'l to file bankruptcy

    Reuters - Founded in 1982, Delta made loans through its own retail offices and a network of about 3,200 independent brokers. It said it made $3.4 billion of mortgage loans from January to September, of which 95.8 percent carried fixed rates. Continued... ...
    2007-12-06 12:24:00

  • UPDATE 1-Mortgage plan skips current defaulting borrowers-Dodd

    Reuters - It shuts out hundreds of thousands of borrowers who are either in, or shortly will be facing, default in 2007 because of the abusive exploding (adjustable rate mortgage) loans they were sold," Dodd said in a statement. "This leaves the door wide ...
    2007-12-06 01:07:00

  • S&P Says Mortgage Freeze Plan May Cause Downgrades (Update2)

    Bloomberg - Simply freezing interest rates on some U.S. first-lien subprime mortgage loans would have a negative impact'' on ratings of some residential mortgage-backed securities, analysts at New York-based S&P wrote in a report today. S&P said modifications to ...
    2007-12-06 12:53:00

  • Dozens indicted in Houston mortgage fraud case

    Houston Chronicle - Indictments accusing 37 people of fraudulently obtaining mortgage loans worth $5.6 million were unsealed today, revealing the results of a years long investigation by the Harris County District Attorney's Office and the U.S. Secret Service. Those ...
    2007-12-06 11:55:00

  • Florida delinquent residential loans up

    MSN MoneyCentral - The delinquency rate for mortgage loans on residential properties -- both prime and subprime -- in Florida increased in third quarter, a Mortgage Bankers Association survey shows. According to the survey, the delinquency rate, which excludes loans ...
    2007-12-06 01:07:00

  • U.S. mortgage foreclosures at record high: Mortgage Bankers (Market Watch)

    CHICAGO (MarketWatch) -- A record number of U.S. mortgages were somewhere in the foreclosure process in the third quarter, with 1.69% of all residential borrowers facing the loss of a home, the Mortgage Bankers Association said Thursday. The percentage of homes that entered foreclosure in the third quarter also hit a record at 0.78%, the trade group said. Mortgage delinquencies, those loans with ...
    2007-12-06 07:11:25

Page:  01 2 3 4 5 6 7 8 9 10 11 12 13 14 15
 16 17 18 19 20 21 - 40