Mortgage and Financial News From 2008-3-1 Page 4
Previous Day: 2008-02-29
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More families feeling mortgage squeeze (Connecticut Post)
BRIDGEPORT — Michelle and Donald Wheeler are no different than any other suburban family. They've seen utility costs sky rocket. They've seen gasoline prices shoot out of sight.
2008-03-01 08:25:27 -
Sub-prime disaster sours HSBC's Eastern promise
Daily Telegraph - When HSBC alerted the world to problems in its subprime mortgage business in the United States in late November 2006, it ... They expect the bad debts to have spread from the most toxic areas, such as broker-originated business and mortgages ...
2008-03-01 04:11:00 -
Goldman Advises Buying Puts on Merrill, Fannie Mae (Update1)
Bloomberg - ... to make bearish bets on brokerages with the most mortgage-related assets because the cost of the wagers has fallen even though more writedowns are likely, Goldman Sachs Group Inc. said. The price of options on the AMEX Securities Broker ...
2008-02-28 03:59:00 -
Under-$200,000 market gives home sales a push
AZCentral.com - But the key was having people on your side, from Audrey to our mortgage broker," she said. The other key was not having to sell another home first.
2008-02-29 07:37:00 -
Lydian Mortgage drops wholesale business for retail strategy
South Florida Business Journal - Lydian Mortgage and VirtualBank , subsidiaries of Palm Beach-based Lydian Trust Co. , are getting out of the broker-generated wholesale mortgage business and will now concentrate on expanding retail mortgages through the VirtualBank division.
2008-02-29 05:28:00 -
It’s crunch time for borrowers
Times Online - Jonathan Moore, of broker Mortgages for Business, said: “Many lenders are reverting to insisting on rental cover of 125% or 130% of the mortgage repayments.
2008-03-01 01:12:00 -
Appliances to make a home competitive
New York Daily News - Just give the numbers to a good mortgage broker. But more important, once you get your new mortgage, you may want to ask your wife to take charge of all the household payments as some people are better at managing money than others.
2008-02-29 02:29:00 -
Buyers who do not have 10% deposits are left out in the cold
Times Online - Melanie Bien, director of the independent mortgage broker Savills Private Finance, said: “If more lenders follow suit, repayments will rise for first-time buyers and for remortgagers who have little equity in their homes as they will have less ...
2008-02-29 12:20:00 -
Cheltenham & Gloucester joins lenders' retreat from no-deposit ...
Guardian Unlimited - David Hollingworth, at the mortgage broker London & Country, said C&G "is a big-name lender clearly looking to manage what kind of risk profile they are taking on.
2008-02-29 03:48:00 -
Housing market is on the brink of a slump as prices drop again
Times Online - Ray Boulger, of John Charcol, a mortgage broker, said: “The speed at which lenders are tightening their criteria and raising prices is frightening.
2008-02-29 02:32:00 -
Broker charged for fraudulent home loans
West Online - A Sydney mortgage broker has been charged over fraudulent home loans worth more than $1.3 million, police say. The broker allegedly obtained the four home loans from one financial institution using fraudulent documents. Following a two-year ...
2008-02-28 08:24:00 -
CIBC tables a $1.4-billion loss
Globe and Mail - ... operations should benefit from continued low unemployment rates, falling interest rates, and healthy housing markets, supporting both loans and deposit growth, although a slower pace of real estate price increases might cause mortgage growth rates to ...
2008-02-27 03:53:00 -
Allco won't take new mortgages
News.com.au - Mobius is a sub-prime mortgage lender with one of the highest loan default rates in the country. After delaying the release of its interim profit results for over a week, Allco on Monday announced that it would have to sell some assets to pay down ...
2008-02-28 03:59:00 -
Your say: Over-committing on mortgage payments
ninemsn - Increasing mortgage interest rates does not affect the spending of those without mortgages. However, it is crippling to those with a mortgage.
2008-02-28 03:24:00 -
Berkshire Hathaway May Post Profit Drop as Insurance Rates Fall
Bloomberg - In the fourth quarter, investment losses, fallout from the collapse of the subprime mortgage market, claims from California wildfires, and falling property and casualty rates caused earnings declines or losses at 21 of the 24 members of the KBW ...
2008-02-28 09:29:00
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