Mortgage and Financial News From 2007-9-19 Page 2

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  • Net Worth: Mortgage insurance has often gotten piggybacked away (San Francisco Chronicle)

    I've been getting questions recently on mortgage insurance and figured this is a good day to answer some of them. Patricia P. asks, "Would you comment on the role of mortgage insurance in connection with the troubles in the mortgage market. Does mortgage...
    2007-09-19 09:48:14
  • Lenders should bail out consumers

    Boston Globe - This can be determined by documenting the homeowner's net income, required debt payments, necessary expenses, with the remaining amount available for the mortgage payment. However, lenders refuse to restructure loans, and instead demand more money ...
    2007-09-19 06:31:00
  • Northern Rock fiasco ends era cheap and easy credit

    Daily Telegraph - This will allow other mortgage lenders to raise their rates. This process will be quite jerky and might take until Christmas." In the short-term, mortgage rates could actually increase as a direct result of the Northern Rock fiasco, analysts believe. ...
    2007-09-19 09:23:00
  • The Debt Market: Signs of Life

    BusinessWeek - Take asset-backed commercial paper, which companies such as mortgage lenders issue to raise short-term funds. The market nearly melted down in August when buyers started worrying about the quality of the assets backing the debt, which can include ...
    2007-09-19 09:09:00
  • Paulson, Bernanke Prepare to Defend Response to Housing Slump

    Bloomberg - The Fed and other banking regulators on Sept. 4 called on mortgage lenders to stave off foreclosures by cutting or postponing home payments for cash-strapped borrowers. Bernanke pledged to lawmakers on July 18 that the Fed would write new lending ...
    2007-09-19 10:13:00
  • Lenders to Blame for Debt Crisis, Americans Say

    Angus Reid Consultants - ... institutions are mainly responsible for the current crisis involving the real estate market in the country, according to a poll by Hart/Newhouse released by the Wall Street Journal and NBC News. 48 per cent of respondents think mortgage lenders are to ...
    2007-09-19 08:33:00
  • Suit against lenders revived

    Maryland Daily Record - An appeals court has revived one part a lawsuit claiming that second-mortgage lenders were not licensed in Maryland and charged the borrowers excessive fees. While a lower court dismissed the suit outright, saying it was filed too long after the ...
    2007-09-19 03:54:00
  • Mortgage Insurers Rise on Rate Cut, Senate Action (Update1)

    Bloomberg - Still, amid record defaults, ``mortgage lenders can't sell into the secondary market, so they've jacked up their rates because it costs them more to keep the loans on their balance sheets,'' Dunn said. Dunn rates Triad and PMI ``outperform ...
    2007-09-19 02:14:00
  • Mortgages: Congress Acts, But It's Tardy

    BusinessWeek - However mortgage lenders are apt to continue to be hurt by loans they made over the past two years that they're still holding. Although efforts by Congress to help borrowers refinance loans should mitigate foreclosure rates, loan writedowns will be ...
    2007-09-19 05:12:00
  • 'Electronic File Transfer is the Tip of the Iceberg' -- Dave Zitting ...

    Forbes - ... with DataTrac to eliminate duplicate data entry, reduce errors and increase productivity -- providing the mortgage industry one of the most feature rich electronic document management solutions available to small and mid-sized mortgage lenders. The ...
    2007-09-19 12:40:00
  • Buy to let outside London has potential

    Daily Telegraph - The popularity of buy-to-let continues unabated, in spite of falling rental yields and the recent decision of a number of mortgage lenders to tighten up their criteria for potential investors. Many lenders are now demanding that investors put down a ...
    2007-09-19 06:53:00
  • UPDATE 1-Wells Fargo chairman sees mortgage market recovery (Reuters Finance News, New Zealand via Yahoo!7 Finance)

    NEW YORK, Sept 19 (Reuters) - Wells Fargo & Co WFC.N Chairman Richard Kovacevich said on Wednesday the U.S. mortgage industry will recover following further short-term pain, led by better-diversified lenders less exposed to market vagaries.
    2007-09-19 10:03:56
  • Wells Fargo chairman sees mortgage market recovery (Reuters via Yahoo! Malaysia News)

    NEW YORK, Sept 19 - Wells Fargo & Co Chairman Richard Kovacevich said on Wednesday the U.S. mortgage industry will recover following further short-term pain, led by better-diversified lenders less exposed to market vagaries.
    2007-09-19 10:03:06
  • Suit against lenders revived (The Daily Record)

    An appeals court has revived one part a lawsuit claiming that second-mortgage lenders were not licensed in Maryland and charged the borrowers excessive fees.
    2007-09-19 04:02:28
  • Lenders to Blame for Debt Crisis, Americans Say (Angus Reid)

    (Angus Reid Global Monitor) - Many people in the United States think lending institutions are mainly responsible for the current crisis involving the real estate market in the country, according to a poll by Hart/Newhouse released by the Wall Street Journal and NBC News. 48 per cent of respondents think mortgage lenders are to blame for giving money to people who may not be able to pay back.
    2007-09-19 09:20:54