Mortgage and Financial News From 2008-2-15 Page 9

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  • Countrywide says 7.4 percent of home loans delinquent in January

    Detroit News - CALABASAS, Calif . -- Countrywide Financial, the nation's largest mortgage lender, says delinquencies and foreclosures continued to rise in January. Delinquencies in Countrywide's servicing portfolio increased to 7.47 percent in January, from 7.2 ...
    2008-02-15 11:50:00

  • Paper Recovery of Georgia - Rome News-Tribune

    Paper Recovery of GeorgiaRome News-Tribune, GA - 5 hours agoMedical, legal, financial, insurance, mortgage, tax service and real estate companies are just a few that use this kind of service to keep in compliance ...
    2008-02-15 03:56:08

  • Security is simply a way to cut out risk of mortgage fraud - Scotsman

    Security is simply a way to cut out risk of mortgage fraudScotsman, United Kingdom - 4 hours agoSpeaking at the Council of Mortgage Lenders (CML) fraud seminar, Philip Robinson, financial crime and intelligence division director of the FSA, ...
    2008-02-15 04:07:15

  • LAEDC Forecast Finds Short-Term Hurt, But Lots of Long-Term ... - LA Downtown News Online

    LAEDC Forecast Finds Short-Term Hurt, But Lots of Long-Term ...LA Downtown News Online, CA - 4 hours agoOrange County is in its own recession right now due to sluggish home building and the great loss of jobs in the subprime lending industry. ...
    2008-02-15 04:41:02

  • Higher rate of foreclosures in EDH than Folsom - Folsom Telegraph

    Higher rate of foreclosures in EDH than FolsomFolsom Telegraph, CA - 3 hours ago"We're still going to see foreclosures increase, as long as people can't get out of adjustable-rate mortgages," said mortgage lender Barbara Ott of ...
    2008-02-15 05:06:05

  • Offering trust and security - Mortgage Introducer

    Offering trust and securityMortgage Introducer, UK - 3 hours agoOf these, I cannot name a single one who simply adheres to the traditional stereotype of a provider of deposit accounts and mortgage lender only. ...
    2008-02-15 05:16:37

  • More Tucsonans hurt by woes in economy - Tucson Citizen

    More Tucsonans hurt by woes in economyTucson Citizen, AZ - 3 hours agoTucsonans like Cocio and many families caught in the exploding home mortgage foreclosure crisis who "don't fit the normal profile" of those who seek help ...
    2008-02-15 05:32:06

  • IndyMac Bank adds mtge. professionals to its growing retail workforce - ParamusPost.com

    IndyMac Bank adds mtge. professionals to its growing retail workforceParamusPost.com, NJ - 2 hours agoIndymac Bank’s home mortgage products consist primarily of single-family, first-lien mortgages, 90% of which are saleable to the GSEs (Fannie Mae, ...
    2008-02-15 06:06:57

  • Foreclosures don't have to be inevitable - Seattle Post Intelligencer

    Foreclosures don't have to be inevitableSeattle Post Intelligencer - 2 hours agoBy HOLDEN LEWIS Mortgage lenders desperately want past-due borrowers to open the mail and pick up the phone. That's the gist of the latest public-private ...
    2008-02-15 06:17:22

  • Crisp in-law defaults - Bakersfield Californian (subscription)

    Crisp in-law defaultsBakersfield Californian (subscription), CA - 2 hours agoA second loan for about $400000 could be a total loss for the lender, a typical outcome for delinquent “piggyback” mortgages in the current market. ...
    2008-02-15 06:47:20

  • > NHAR: Use slow time to renew, prepare - The Union Leader

    > NHAR: Use slow time to renew, prepareThe Union Leader, NH - 1 hour agoMortgage lenders are disappearing, Wall Street's in a deep funk and, worst of all, consumers are holding back on spending. The best scenario that I have ...
    2008-02-15 07:11:22

  • Untangling the tax code - Los Angeles Times

    Untangling the tax codeLos Angeles Times, CA - 1 hour agoBefore Congress passed a two-year exception to help people cope with the sub-prime crisis, if the lender took the home in foreclosure and you walked away ...
    2008-02-15 07:11:38

  • Risk-based fees mean more-expensive mortgages - Providence Journal

    Risk-based fees mean more-expensive mortgagesProvidence Journal, RI - 39 minutes agoThe lenders use that money to make more home loans. Second, Fannie and Freddie issue what are known as mortgage-backed securities in exchange for pools of ...
    2008-02-15 08:18:21

  • National business briefs: More crude in reserves - Kansas City Star

    National business briefs: More crude in reservesKansas City Star, MO - 38 minutes agoCountrywide, the nation’s largest mortgage lender and servicer, said loan delinquencies as a percentage of unpaid principal balance increased to 7.47 ...
    2008-02-15 08:19:18

  • You're Invited . . . To Pay Your Mortgage - Washington Post

    You're Invited . . . To Pay Your MortgageWashington Post, United States - 34 minutes agoBy Renae Merle Mortgage lenders hunting for delinquent homeowners who have dodged their phone calls and letters are employing aggressive new methods to ...
    2008-02-15 08:23:45

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