Mortgage and Financial News From 2007-11-11 Page 9
Previous Day: 2007-11-10
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Suit links mortgage mess to inflated appraisals (Baltimore Sun)
Kenneth Harney -- Nation's Housing When an appraiser hired by your mortgage company confirms that the house you bought is worth what you paid, that's reassuring.
2007-11-11 12:40:25 -
sub-prime mortgage mess (The Hindu)
Much of the fallout has been coming from the mess around sub-prime mortgages. For those of you who have been busy doing other things recently, this is the home mortgage that is given to the least-credit worthy individuals.
2007-11-11 10:31:26 -
Fannie Mae loss doubles on housing slump
Sydney Morning Herald - Fannie's quarterly income can swing widely as interest rates fluctuate and affect home buyers' tendencies to refinance mortgages, but the spike in failing loans also hurt the company. While shares of both Fannie Mae and Freddie Mac, the second-largest ...
2007-11-09 04:38:00 -
The measure of a home
Denver Post - The accepted method is to measure and multiply the home's exterior dimensions. Included in the total appraisal is the full ... The motivation may be to support a certain selling price or to refinance a loan. A key aspect is above-grade square footage ...
2007-11-09 03:55:00 -
Fast Track to Owning a Home?
WPVI - This program is supposed to take just 10 minutes a month, but somehow still put you on the fast-track to owning your home ... Many require you to refinance your entire mortgage into a line of credit. Minnich said those programs are even riskier and you ...
2007-11-09 08:41:00 -
MTS Reports Strong Third Quarter Results and Raises EPS Guidance
Groupe CNW - Stock Symbol: MBT Key earnings drivers include growth services gains and cost reductions < Third Quarter Highlights - Growth services revenues rose by 13.2% - contributed 41% of total third quarter revenues as compared to 36% last year - Double-digit ...
2007-11-11 08:14:00 -
Fed: Relief possible by spring
Philadelphia Inquirer - WASHINGTON - Troubled subprime mortgages and falling new-home-construction numbers are likely to bog down the U.S. economy ... Unlike years past, borrowers will find it hard to refinance, and could face foreclosure. That behooves mortgage lenders ...
2007-11-08 11:56:00 -
Home Resales Pending data will point to continuing slide in home values – a massive component of the financial ... (India Daily)
The real estate market is suffering its worst nightmare. The sales are down. The prices have finally started eroding at a very rapid pace. The market is facing negative sentiment and mortgage restriction rules.
2007-11-11 10:56:00 -
The measure of a home (Denver Post)
Homeowners may believe their total square footage is simply the sum of floor space in all the rooms, hallways, and closets.
2007-11-11 12:19:17 -
Personal Finance : The Financial Advisor Update
Street.Com - ... the banks are busy restructuring the off-balance-sheet structured investment vehicles, or SIVs, (mortgage packages) that hold the bad ... in payments on the mortgages they didn't understand, and that they can't refinance because their credit is bad. ...
2007-11-11 09:12:00 -
BLUE CHRISTMAS
New York Post - BLUE CHRISTMAS OIL SPIKE, CREDIT CRUNCH SOUR CONSUMERS ... Pumped-up oil prices, a weak greenback and a home-mortgage market meltdown are ... several major Wall Street banks warned they'd see more red ink because of bad ...
2007-11-11 02:24:00 -
HSBC to reveal new $1bn sub-prime hit
Daily Telegraph - HSBC will this week reveal a further $1bn (£475m) of bad debts stemming from its American mortgage business, amid mounting fears that the full impact of the global credit crunch has yet to wash up on British shores. Britain's biggest bank will ...
2007-11-10 02:14:00 -
HSBC 'to reveal more US bad debt'
Stockhouse Canada - Sub-prime mortgages are higher risk home loans to people with poor credit histories, or those on low incomes. The sector ... as a result. HSBC's fellow UK bank Barclays denied on Friday that it was about to reveal a $10bn exposure to US mortgage bad debt
2007-11-11 07:17:00 -
Knowing the score may not help win credit game
Register-Guard - ... paying bills on time — is particularly important when you’re establishing credit or applying for a mortgage or ... balance to raise credit scores, “that’s not only wrong information, it’s bad advice,” Watts said. “Always paying your credit ...
2007-11-11 08:57:00 -
HSBC to Announce $1 Billion of Bad Debts, Daily Telegraph Says
Bloomberg - Nov. 11 (Bloomberg) -- HSBC Holdings Plc is set to announce $1 billion of bad debts stemming from its U.S. mortgage ... The lender's provisions for bad loans, primarily to U.S. borrowers with poor credit histories, climbed 63 percent to almost $6.4 ...
2007-11-11 12:43:00