Mortgage and Financial News From 2007-9-19
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Fannie Mae, Freddie Mac Regulator Eases Asset Limits (Update2)
Bloomberg - Bush, after resisting requests to raise the limits, last month pledged to help people who have fallen behind in their mortgages by allowing the Federal Housing Administration to help subprime borrowers refinance. The higher limits will help Fannie ...
2007-09-19 10:17:00 -
Home starts hit 12-year low, CPI dips in August
MSN MoneyCentral - Fresh mortgage application data showed home owners who are facing steep mortgage payment increases were rushing to refinance at more affordable rates. The Mortgage Bankers Association said applications rose for a third straight week and its ...
2007-09-19 10:24:00 -
U.S. moves to stem wave of foreclosures
Christian Science Monitor - Such insurance, by providing a federal guaranty against default, helps lenders feel safe in extending credit, as homeowners seek to refinance into mortgages with more manageable interest rates. Legions of borrowers, however, have a ...
2007-09-19 10:39:00 -
U.S. Mortgage Applications Rise as Homeowners Refinance
CNBC - Applications for U.S. home mortgages climbed for a third straight week as more borrowers sought to refinance loans on which payments may be about to rise, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted ...
2007-09-19 04:12:00 -
Refinancing hopes push up mortgage demand (USA Today)
Applications for home mortgages climbed for a third straight week as more borrowers sought to refinance loans on which payments may be about to rise, an industry group said Wednesday.
2007-09-19 05:28:40 -
German investor sentiment slides
Turkish Daily News - The global credit crunch has its origins in the U.S. subprime mortgage sector, where home loans made to mainly poor ... The risk of mass defaults in the United States has prompted banks to curb lending to each other as they try to calculate ...
2007-09-19 12:59:00 -
Ameriprise Financial Money Across Generations Study Reveals Baby ...
Forbes - ... groceries (22 percent), helping with medical expenses and utility bills (15 percent each), and contributing to rent/mortgage ... have saved less than $50,000.(2) Further, only 43 percent of American workers and/or their spouses have tried to calculate ...
2007-09-17 12:07:00 -
A 5-minute tax return
Chicago Sun-Times - ... taxpayers with a simple financial life -- just a salary and investments -- Obama proposed having the IRS in effect calculate ... The Obama remedy is to give a mortgage tax credit of up to $500 for low-income homeowners who don't itemize. Obama's ...
2007-09-19 02:03:00 -
Fannie, Freddie regulator offers slight expansion of mortgage ...
Forbes - However, it did say it can allow Fannie and Freddie to calculate the value of their mortgage portfolios in a new way that will allow each to expand their holdings. Specifically, OFHEO said it would allow each entity to use the original principal ...
2007-09-19 09:06:00 -
Fannie, Freddie regulator offers slight expansion of mortgage portfolios (The Forex Market)
WASHINGTON (Thomson Financial) - The federal regulator for Fannie Mae and Freddie Mac has announced it will allow both entities to expand their holding of mortgages in their portfolios by about 7 bln usd each.
2007-09-19 08:14:23 -
Foreclosures soaring in region
Riverside Press Enterprise - John Karevoll, an analyst with DataQuick Information Systems, which also monitors foreclosures, said the ... They intended to refinance again before the mortgage would adjust to a higher interest rate. But in August when their rate soared ...
2007-09-19 07:40:00 -
INFO TECH
BusinessWeek - It's worth a look," says Bill Wray, chief information officer at Citizens Financial Group, one of America's largest banks ... get the skills you need to advance in your field $500,000 Refinance for Just $2083/Month Compare Up To 4 Mortgage Refinance ...
2007-09-18 10:57:00 -
NextAce Releases Automated Title Foreclosure Products
Forbes - ... title agents the same speed, depth of research, and cost savings as its existing refinance and purchase product offerings. The TitleEDGE REO and Mortgage ... automating the search and examination of recorded documents, real property information ...
2007-09-18 05:49:00 -
BoE in dramatic U-turn on lending crisis
Daily Telegraph - The move will also allows banks to refinance loans that might otherwise be tying up much ... He added that the City was looking for more detail on exactly what quality of "mortgage collateral" will be accepted. The Bank will provide the information on ...
2007-09-19 08:23:00 -
Rate cut may provide only passing relief
Miami Herald - The Fed's action also won't stop home foreclosures and late mortgage payments from ... Some overstretched homeowners can't afford to refinance or even sell their homes. ... The Miami Herald is pleased to provide this opportunity to share information ...
2007-09-19 07:40:00