Mortgage and Financial News From 2007-10-10 Page 13

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  • White House creates mortgage coalition (AP via Yahoo! News)

    The Bush administration announced a new mortgage industry coalition on Wednesday aimed at helping homeowners avoid being trapped in a rising tide of foreclosures.
    2007-10-10 12:47:46
  • Westpac confident on RAMS rescue

    Age - Dr Morgan denied that, if the deal was completed, RAMS franchisees would be expected to persuade customers with loans financed by RAMS Home Loans to refinance them through Westpac. "We don't own the thing yet, but we're confident, with those ...
    2007-10-10 06:46:00
  • At home: Click away the clutter

    Marin Independent Journal - The average household, says the September/October issue of Natural Home magazine, gets 41 pounds of junk mail a year. I don't mean to brag, but mine gets more. I get 41 pounds in mortgage refinance pitches alone. Yelling I'M NOT INTERESTED IN ...
    2007-10-10 04:09:00
  • Dream home becomes mortgage nightmare

    MSNBC - Her monthly take-home pay was $2,000. She started eating at her savings to pay the mortgage. Toothman tried to refinance the loan to lower the monthly payment, but she was unable to qualify. In late 2005, Toothman decided to sell. But prices were ...
    2007-10-08 05:54:00
  • Downey Financial Falls After Reporting Loss on Overdue Loans

    Bloomberg - ... Bloomberg) -- Downey Financial Corp. fell the most in six years after the California savings and loan said overdue home ... more severe and tighter lending standards are making it harder for borrowers who have fallen behind on payments to refinance or ...
    2007-10-10 12:23:00
  • Group Predicts Home Prices To Keep Falling In 2008

    NBC San Diego - As a result, the mortgage industry has tightened lending standards, making it harder for homeowners to refinance or for new buyers to enter the market -- exacerbating the slowdown in home sales. The conditions are likely to persist into next year ...
    2007-10-10 11:54:00
  • Trying to Hold Onto Home (Washington Post)

    The dining room table is draped with a blue plastic tablecloth, left over from an 11-year-old's birthday party a few days earlier.
    2007-10-10 06:03:51
  • Mortgage applications crawl higher (USA Today)

    Demand for loan applications to purchase homes and refinance existing mortgages rose last week, after total loan requests fell the prior two weeks, an industry trade group said Wednesday.
    2007-10-10 09:54:06
  • How to lose your home in a few easy steps (MSNBC)

    Delia Toothman once pursued the American dream of owning her own home. Now, she is living the American nightmare. In just three years Toothman, a former Navy officer in San Diego, went from $18,000 in savings to $16,000 in credit-card debt. She once lived in a home she co-owned; now she lives in her father's garage.
    2007-10-10 04:50:40
  • Oil sector begins recovery

    Guardian Unlimited - Elsewhere credit information group Experian was the biggest faller in the leading ... in sales growth in the first quarter, and indicated the problems in the US mortgage ... revealing a slowdown in second half growth which it blamed on the recent bad ...
    2007-10-10 09:24:00
  • Behind the credit crunch: Statistical models helped drive "criminal ...

    Computerworld - Creating complex structured assets that nobody can understand is a bad idea and bad public policy ... was speaking about the creation, rating and marketing of structured securities, derived from mortgage notes, which are at the center of the credit ...
    2007-10-10 08:26:00
  • Wednesday's Financial Winners & Losers

    Street.Com - ... to $55.12 on word it will likely take an operating loss of $23 million, or 84 cents a share, as its credit ... slid again on a Keefe Bruyette downgrade to underperform, which comes on the heels of the mortgage lender's own third-quarter bad tidings
    2007-10-10 12:01:00
  • SFGate: World Views

    San Francisco Gate - ... defaults on high-risk 'sub-prime' mortgages would continue to soar as unqualified mortgage-holders struggled to meet their repayments, tightening the credit ... Bush and the Republicans also appear to have found a conveniently distracting, bad-guy ...
    2007-10-10 12:37:00
  • Bank Credit Risk Drops to Three-Month Low, Default Swaps Show

    Bloomberg - Bank Credit Risk Drops to Three-Month Low, Default Swaps Show By Kabir Chibber Oct ... based UBS, helped ease investor concern that the fallout from record U.S. mortgage ... The larger banks have come clean about their losses, so investors know how bad ...
    2007-10-10 08:55:00
  • Subprime crisis good, bad, deja vu for trailer parks

    Reuters - Subprime crisis good, bad, deja vu for trailer parks ... Although some community owners complain that the subprime credit crunch has scared lenders away, others say mortgage providers could learn lessons from ...
    2007-10-10 09:24:00