Mortgage and Financial News From 2007-12-18 Page 23
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Inflation worries add to burden
Chicago Tribune - Stocks fell broadly for a second day Monday, as investors added inflation worries to their fears about slower economic ... Goldman had effective strategies for profiting from the meltdown in securities backed by home mortgages. Goldman shares ...
2007-12-18 04:10:00 -
Flood of new-build flats hits buy-to-let
This is Money - Mortgages & homes - Buy to let ... broadly unchanged, Rics added that yields on flats had fallen for the fifth quarter in a row while houses saw their second ...
2007-12-18 04:32:00 -
Fourth defendant pleads guilty in $25 million bank fraud
Kansas City Star - ... said Middleton admitted taking part in a conspiracy to inflate the appraised values of homes by refusing to pay appraisers if they did not meet the price set by Miller, selling houses in subdivisions at inflated prices, forgiving second mortgages on ...
2007-12-17 03:17:00 -
This Will Destroy Housing
New York Sun - So billions have been poured into financing to stretch inadequate insurance payouts, like "soft" second mortgages that become grants. And these programs have worked. Neighborhoods of mostly owner-occupants are swarming with contractors completing ...
2007-12-18 02:08:00 -
U.S. Stock-Index Futures Rise; Goldman Sachs, Apple Shares Gain
Bloomberg - Bear Stearns Cos., the second-largest U.S. underwriter of bonds backed by mortgages, reports earnings on Dec. 20. Its shares gained 93 cents to $95. Apple rallied $2.60 to $187. Chief Executive Officer Steve Jobs met NTT DoCoMo Inc ...
2007-12-18 05:43:00 -
Middle-class college students catch a break
Allentown Morning Call - The result is that middle-class -- and upper middle-class -- families have resorted to taking out huge second mortgages and borrowing against retirement to pay for college, Weiss said. genevieve.marshall@mcall.com 610-820-6585 The Associated Press ...
2007-12-18 05:58:00 -
AP Executive Morning Briefing (The Bellingham Herald)
WASHINGTON (AP) - A Federal Reserve plan being unveiled Tuesday would give people taking out home mortgages new protections against shady lending practices.
2007-12-18 04:35:35 -
Midwest leads U.S. in home loan losses (Pittsburgh Post-Gazette)
DETROIT -- Michigan and Ohio share something with Florida and California -- some of the nation's highest rates of foreclosed homes and delinquent mortgages. ...
2007-12-17 09:16:51 -
Fixed-rate mortgage borrowers hit (BBC News)
More than a fifth of people who have come off fixed-rate mortgages have found it hard to meet their repayments.
2007-12-17 08:39:22 -
Midwest states in most difficulty (Inside Bay Area)
MICHIGAN and Ohio share something with Florida and California — some of the nation's highest rates of foreclosed homes and delinquent mortgages.
2007-12-18 03:12:43 -
Bradesco Plans to Sell New Shares to Expand Lending Operations (Bloomberg.com)
Dec. 18 (Bloomberg) -- Banco Bradesco SA, Brazil's second- biggest non-state bank, plans to raise as much as 1.2 billion reais ($661 million) for expansion in a sale of new equity to existing shareholders.
2007-12-17 09:28:29 -
Mortgage mess hits Michigan, Ohio hard (The Buffalo News)
DETROIT — Michigan and Ohio share something with Florida and California — some of the nation’s highest rates of foreclosed homes and delinquent mortgages. But the reasons for their woes are as different as their climates.
2007-12-18 03:40:51 -
Basel II may not be enough to calm fears (FT.com via Yahoo! News)
It has become fashionable to talk about the recent credit crisis. Unfortunately, that statement is wrong on two counts. Recent implies past; this crisis is ongoing. And second, what has been labelled a credit crisis is really a lot more serious: it represents the collapse of the alternative banking system.
2007-12-17 05:30:22 -
Paulson says U.S. mortgage relief plan not a bailout (Reuters via Yahoo! News)
U.S. Treasury Secretary Henry Paulson, on the second day of a tour seeking to build support for a mortgage relief plan, said on Tuesday it was not a bailout for people who made bad decisions.
2007-12-18 06:33:13 -
Record Number Consumers Need Foreclosure Help
PR Inside - Changes in the way lending is done, for example, could help explain the trend. The past decade has brought a proliferation in mortgage products including interest-only and low-down-payment loans. The high level of foreclosures is surprising for two ...
2007-12-18 12:43:00