Mortgage and Financial News From 2008-2-15

RSS Feed

Previous Day: 2008-02-14

Return to the mortgage news archive home.

  • Capitalism at its worst (The Weatherford Democrat)

    Maybe it’s just me, but lately it seems that businesses that provide either goods or services have become even greedier, pushier and more determined to separate me from my last dollar. The schemes and shenanigans they offer seem to be without limit.
    2008-02-15 02:39:00
  • Subprime lending, practices and risks (The Shelby Star)

    SHELBY — During a decade of relative economic prosperity, subprime lending was seen as a way to make loans to those who did not qualify for the best market rates.
    2008-02-15 02:51:54
  • Firefighter Recovers From Injuries Suffered In Crash (WLWT-TV Cincinnati)

    Firefighter Brad Buken was critically injured last month in a car crash that also injured his son.
    2008-02-15 02:58:56
  • Parkway Buys Chicago's Citicorp Plaza (AP via Yahoo! Finance)

    Parkway Properties Inc., a real estate investment trust, said Friday it bought the Citicorp Plaza office complex near Chicago's O'Hare International Airport for $100 million.
    2008-02-15 03:01:38
  • Mortgage crunch hits loan insurers

    AZCentral.com - They are getting help, in the form of higher rates, tighter underwriting standards and, on Thursday ... With more homes going into foreclosure, mortgage insurers are seeing losses mount. Falling home prices make the situation worse, because it becomes ...
    2008-02-15 02:20:00
  • The Nation's Housing

    Washington Post - On Feb. 6, the oldest and largest private insurer of home loans -- MGIC -- issued ... Like other private mortgage underwriters, MGIC provides lenders protection against ... plans and speculator loans -- especially in markets where appreciation rates and ...
    2008-02-15 01:52:00
  • Real Estate Live

    Washington Post - Maryann Haggerty: In I don't know how many years, I have never heard from a reader defending home warranties. All I ever hear is about the hassles. _____ Rockville, Md.: Fixed mortgage rates have moved only within a fairly narrow ...
    2008-02-15 01:52:00
  • Treasuries Rise on Drop in Manufacturing, Consumer Confidence

    Bloomberg - ... yield has increased 12 basis points this week, the most since the week ended Dec. 14, on speculation cuts in interest rates ... since Sept. 18 to prevent the economy from sliding into a recession on the fallout from the collapse of the subprime-mortgage ...
    2008-02-15 07:18:00
  • Muni Regulators Seek Disclosure on Auction-Rate Bonds (Update5)

    Bloomberg - ... should reveal the number of bidders and disclose how often auctions fail in the market for the securities, whose rates are ... time as banks' financial health came under pressure from $146 billion in credit losses and writedowns from subprime mortgage ...
    2008-02-15 01:16:00
  • Competition for small borrowers heats up - Bizjournals.com

    Competition for small borrowers heats upBizjournals.com, NC - 1 hour ago"They're great at mortgage and deposits, but it costs them the same amount to do a $10000 loan as it does to do a $100000 loan." To be sure, bank loans in ...
    2008-02-15 12:53:09
  • Pressure mounts for a stamp duty freeze - Daily Mail

    Pressure mounts for a stamp duty freezeDaily Mail, UK - 1 hour agoThe Council of Mortgage Lenders has already said it will call for a radical overhaul on stamp duty later this month. It claimed that the tax burden has ...
    2008-02-15 01:01:45
  • The Devilish Mixture of Stagflation - Gold Seek

    The Devilish Mixture of StagflationGold Seek - 1 hour agoTim Bond, strategist at Barclays Capital says the "world faces a future of inflation, higher interest rates, lower house and share prices and economic ...
    2008-02-15 01:02:36
  • Mortgage Insurer Tightens Up - Washington Post

    Mortgage Insurer Tightens UpWashington Post, United States - 1 hour agoNow it's the mortgage insurers. Entire product lines are being yanked, potentially squeezing large numbers of home buyers and refinancers out of the ...
    2008-02-15 01:04:14
  • More interest rate cuts likely - WalletPop

    More interest rate cuts likelyWalletPop, VA - 1 hour agoThose who are looking to refinance debt may likely see lower rates from banks and mortgage brokers. So if you're a borrower, you should be happy to see that ...
    2008-02-15 01:29:55
  • Getting started in buy-to-let - MSN Money UK

    Getting started in buy-to-letMSN Money UK, UK - 1 hour agoFirstly, you need to find a buy-to-let mortgage. Typically the rates are higher than for a residential mortgage and due to the credit crunch, loan to value ...
    2008-02-15 01:33:52