Mortgage and Financial News From 2008-3-1 Page 12

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  • UPDATE 1-Fremont General may sell itself amid capital woes

    Reuters - NEW YORK, Feb 28 (Reuters) - Fremont General Corp (FMT.N: Quote , Profile , Research ), a troubled California savings and loan that was one of the largest subprime mortgage lenders before ending that business last March, said on Thursday it is ...
    2008-02-28 03:16:00

  • Public left with only 'rubbish' of Northern debts claims MP

    Edinburgh News - Other mortgage lenders were not so badly hit because they were less reliant on money markets, instead drawing heavily on saver's deposits to fund their mortgage loans.
    2008-03-01 12:15:00

  • Republicans Block Consideration of Housing Relief Package in Senate

    Washington Post - Senate Republicans yesterday blocked consideration of a bill designed to prop up the struggling housing industry, declaring that the Democratic-backed provisions would harm mortgage lenders and inflame the housing crisis. With a 48 to 46 vote, the ...
    2008-02-28 06:44:00

  • Mortgage woes force Thornburg to pay $300M

    CNN Money - The company was able to manage through that period, while dozens of other mortgage lenders shut down. Since the middle of 2007, investors have been worried about rising delinquencies and defaults among mortgages.
    2008-02-28 10:52:00

  • HIspanics Hit Hard by Crisis in Mortgages

    HispanicBusiness.com - Gambrell also touted the HOPE NOW Alliance, a partnership among the government, mortgage lenders and nonprofit counselors to help consumers avoid foreclosure.
    2008-03-01 12:15:00

  • American Pacific Mortgage Introduces Partnerships With Key Investors

    Forbes - During the last year and a half, many of the mortgage lenders who have imploded, did so because of their mortgage bank," says Kurt Reisig, CEO of American Pacific Mortgage.
    2008-02-29 02:58:00

  • Tapping Into Homes Can Be Pitfall for the Elderly

    New York Times - Reverse mortgage lenders and brokers dispute those accusations, noting that the loans are heavily regulated and have helped hundreds of thousands of people.
    2008-03-01 12:01:00

  • Sector Roundup: Oil, Mortgage Lenders

    Forbes - NEW YORK (AP) - Oil refiner stocks fell sharply Thursday as oil prices touched new highs, renewing concern that their margins will remain stretched in coming quarters. NEW YORK (AP) - Shares of mortgage lenders fell in Thursday trading after Freddie ...
    2008-02-28 12:39:00

  • Sector Snap: Mortgage Lenders Fall

    CNN Money - NEW YORK (Associated Press) - Shares of mortgage lenders fell in Thursday trading after Freddie Mac posted a $2.5 billion fourth-quarter loss earlier and Thornburg Mortgage Inc. said it has faced a renewed round of margin calls. Freddie Mac said it ...
    2008-02-28 10:09:00

  • Should You Unlock Capital From Your Home? (The Motley Fool)

    Does it make sense to borrow more money against your home?
    2008-03-01 11:13:25

  • A jump in foreclosure-fight resources (Chicago Tribune)

    No foreclosure news would be the best news. But some recent items do provide a glimmer of assistance for homeowners in distress:
    2008-03-01 11:23:55

  • HIspanics Hit Hard by Crisis in Mortgages (HispanicBusiness.com)

    The Hispanic community has been hit hard by the subprime mortgage crisis, and the situation could get worse, the president of a Hispanic civil rights group told Congress.
    2008-03-01 12:28:31

  • Tapping Into Homes Can Be Pitfall for the Elderly (NYTimes.com via Yahoo! Finance)

    Reverse mortgages have boomed, but many consumers complain of unethical and high-pressure sales tactics.
    2008-03-01 12:39:18

  • Loan waiver fails to satisfy Kerala farmers

    Telugo Portal - The bank is charging a higher interest rate for the other Rs.30,000,” Anirudhan told IANS. Wayanad has reported many farmer suicides during the last decade.
    2008-03-01 05:41:00

  • Bernanke doesn't see return of '70s woes

    Forbes - The Fed stands ready to lower a key interest rate yet again to bolster the struggling economy. Many fear the country is hurtling toward a recession or is in one already.
    2008-02-28 10:09:00

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