Mortgage and Financial News From 2008-2-20 Page 4

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  • Lenders launch 50 repossession notices a week

    News.com.au - But non-bank lenders and mortgage brokers caused the greatest hardship. High-priced lender of last resort Secure Funding (formerly Liberty Financial) sought 479 repossessions despite a small customer base. Non-bank lenders initiated more than half of ...
    2008-02-20 06:53:00

  • Mortgage servicers seen facing cultural change

    Reuters - NEW YORK (Reuters) - Mortgage servicers, who are on the front lines working with troubled homeowners facing foreclosure, are going through a major change in their business model, the executive director of the Hope Now alliance of mortgage lenders and ...
    2008-02-20 08:59:00

  • Wells Fargo May Increase Acquisitions, Chairman Says (Update2)

    Bloomberg - The bank, ranked second among U.S. mortgage lenders, also expects real- estate prices to fall another 10 percent before bottoming out, he said. Kovacevich's company completed fewer than a dozen purchases last year, including two banks ...
    2008-02-20 03:54:00

  • Credit scores: Flawed system...or Scapegoat?

    BusinessWeek - I wrote a story recently in the print edition of BusinessWeek on a topic that I thought had been largely ignored in all of the coverage of the mortgage mess: The degree to which mortgage lenders, and the Wall Street firms that bundled mortgages into ...
    2008-02-20 02:43:00

  • Jeremy Warner's Outlook: Scarcer mortgages spell housing gloom

    The Independent - One hundred and twenty five per cent mortgages are already history, 100 per cent deals are fast disappearing, and according to some lenders it may soon be next to impossible to get even a 90-95 per cent mortgage. The disappearance of these deals ...
    2008-02-20 04:23:00

  • UPDATE 2-US thrift agency mulls mortgage refinancing spur

    Forbes - WASHINGTON (Reuters) - An incentive for lenders to refinance more mortgages is being considered by regulators who oversee the U.S. thrift industry, which suffered a record $5.24 billion loss in the fourth quarter of 2007 as the housing market ...
    2008-02-20 11:30:00

  • Reuters Summit-Broad mortgage write-downs not needed - Fannie

    Guardian Unlimited - Some lawmakers and consumer groups have said that many home markets are so badly damaged that stability will only be restored once mortgage lenders and servicers rewrite the loans to the new property value.
    2008-02-20 02:57:00

  • Large lenders start to exit 100 per cent mortgage market

    The Independent - Britain's largest lenders have begun to withdraw from the 100 per cent mortgage market, raising their prices and increasingly refusing to lend any more than 90 per cent of a property's value. According to statistics from Moneyfacts.co.uk, the ...
    2008-02-20 04:23:00

  • Homeowners confused over best mortgage, says Abbey Mortgages (Banking Business Review)

    Abbey Mortgages has found that the current mixed opinions about the outlook for the economy has left homeowners in a quandary about the best mortgage to choose.
    2008-02-20 06:28:39

  • Gov. Crist forms task force to study foreclosure problem (Sun-Sentinel)

    Problem projected to widen Gov. Charlie Crist turned his focus to the state's home foreclosure crisis Wednesday, setting up a task force that will recommend solutions by April 18.
    2008-02-20 06:51:33

  • KKR Financial Freaks Markets (Forbes)

    The Kohlberg Kravis Roberts subsidary is extending repayment of debt backed by mortgage securities for the second time.
    2008-02-20 06:53:00

  • Uranium Stocks Bottom (GoldSeek.com)

    Like a whirlwind, the crisis triggered by the housing crisis and mortgage debacle has extended to almost every phase of the landscape in US economic and financial life. And the rookies running the US Federal Reserve initially said the problem would be contained.
    2008-02-20 06:57:37

  • Banks 'greedy' for putting up mortgage bills despite a cut in interest rates (Daily Mirror)

    Banks 'get greedy' as interest rate cut
    2008-02-20 07:01:26

  • 'Jumbo' Loan Rates Expected To Stay High (Hartford Courant)

    Government Hoped Plan Would Spur Home Buying, Refinancing The piece of the government's economic stimulus plan aimed at bolstering the housing market may not work out as planned.
    2008-02-20 07:15:48

  • • Check Your Credit Score and Understand Mortgages (Turks.US)

    Planning to purchase a home takes a lot of things to do and settle. Buying a home is not as simple as going out there and look for your dream home. One of the important factors that one should look up to is finances. If you do not have the savings for it, then you can get a mortgage.
    2008-02-20 07:19:01

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