Mortgage and Financial News From 2008-4-25 Page 01
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Trust in Central Banks Passes Point of No Return: Mark Gilbert - Bloomberg
April 24 (Bloomberg) -- Here's the plan. Hokey-Cokey Bank bundles together its tainted 2007 mortgages and bakes an asset- backed bond. It hands that bond to the Bank of England in return for a bag of freshly minted U.K. government gilts. It then uses ...
2008-04-22 05:57:00 -
Fitch Rates Fletcher Allen's (Vermont) $50MM 2008 Bonds 'BBB ... - Forbes
Fitch Ratings has assigned an underlying 'BBB+' rating to the Vermont Educational and Health Buildings Financing Agency's approximately $50 million variable-rate hospital revenue refunding bonds (Fletcher Allen Health Care Project) series 2008A. The ...
2008-04-25 02:54:00 -
Mortgage Industry Newsletter - Colleyville Courier
Get daily mortgage and real estate news by subscribing to our RSS/XML news feed. Easy subscription with bloglines. $150,000 Loan for $391/month - Refinance, Home Equity and Purchase. Historic Low Rates From Top Lenders - No Obligation, No SSN ...
2008-04-25 05:25:00 -
UPDATE 2-FHLB Chicago to stop mortgage-buying program - Reuters
NEW YORK, April 23 (Reuters) - The Federal Home Loan Bank of Chicago on Wednesday said it would halt its program of purchasing mortgage loans, citing onerous costs. The FHLB of Chicago will no longer make or renew commitments under the program after ...
2008-04-23 03:11:00 -
Critics resist higher loan rates in 'declining markets' - Charleston Post & Courier
Could widespread designations of entire ZIP codes, metropolitan areas, even entire states as "declining markets," hinder a real estate recovery and hurt minority groups and moderate-income buyers disproportionately? Growing ranks of critics say the ...
2008-04-25 08:52:00 -
Anzac Day rate rise lousy - Swan - News.com.au
FEDERAL Treasurer Wayne Swan says the National Australia Bank was "lousy" to announce an interest rate rise on Anzac Day. NAB chose the public holiday to announce it had lifted its variable mortgage interest rates by 10 basis points, independent of ...
2008-04-25 08:38:00 -
Freddie Mac takes lead in GSE mortgage purchases - Reuters
NEW YORK (Reuters) - Freddie Mac (FRE.N: Quote , Profile , Research ), the second-biggest funder of U.S. home loans, on Friday took the lead in the government-sponsored enterprises' efforts to stabilize the market with mortgage purchases last month ...
2008-04-25 03:30:00 -
First-Time Home Buyers' Few Options - Wall Street Journal
Homeownership, the bedrock of the American Dream, is a bit of a nightmare these days for many first-time home buyers. Lenders are demanding higher credit scores, mandating private-mortgage insurance on many more loans, and requiring larger down ...
2008-04-25 09:00:00 -
Mortgage rates rise for second time in days - Daily Telegraph
Halifax, which is responsible for two out of every 10 mortgages, has changed all of its fixed rate and tracker rate mortgages to new customers, with a two-year fixed rate deal, for instance, climbing from 6.12 per cent to 6.49 per cent. Some rates ...
2008-04-25 06:22:00 -
At Fair Housing Act event, Jesse Jackson urges the government to put pressure on lenders (The Kansas City Star)
The Rev. Jesse Jackson called on the federal government Friday to pressure lenders to restructure subprime loans and stop rampant home foreclosures.
2008-04-25 08:52:23 -
Why Generation Y is broke (MSN Money Canada)
20- and 30-somethings are in a financial mess. Is it because we're dumb, arrogant or simply uneducated? What makes Sophia Wallace a typical member of her generation?
2008-04-25 09:05:48 -
Bank pulls loan for North Side townhome project (Pittsburgh Tribune-Review)
A crucial bank loan to build 23 townhomes on a dilapidated thoroughfare has fallen through, forcing the project's founders to scramble for another lender which they say won't be a problem.
2008-04-25 09:26:27 -
Project makes help available for delinquent borrowers (Pittsburgh Post-Gazette)
Mortgage lenders desperately want past-due borrowers to open the mail and pick up the phone. That's the gist of the latest public-private collaboration to address the mortgage crisis. ...
2008-04-25 09:26:47 -
Worst cities for homeowner debt (Pittsburgh Post-Gazette)
It's no secret that homeowners with subprime mortgages have taken a beating.
2008-04-25 09:26:55 -
Top Mortgage Executive Is Leaving Goldman Sachs (NYTimes.com via Yahoo! Finance)
Daniel L. Sparks, head of Goldman Sachs’s mortgage division, is leaving after a successful bet on the declining value of subprime home loans helped the company produce record earnings last year.
2008-04-25 09:39:04