Mortgage and Financial News From 2008-1-4 Page 15

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• Regions Financial's Write-Down Blues - Forbes

  Regions Financial's Write-Down BluesForbes, NY - 2 hours ago... to close at $20.80, after it announced it was setting aside approximately $360 million in the fourth quarter for bad loans as credit quality sinks, ...
  2008-01-04 04:12:02

• APPROVALS FOR MORTGAGES FALL TO 3-YEAR LOW - UK Express

  APPROVALS FOR MORTGAGES FALL TO 3-YEAR LOWUK Express, UK - 2 hours agoBy Sarah O’Grady THE housing market continued its slump for the fifth month in a row during November, figures for new home loans showed yesterday. ...
  2008-01-04 04:16:38

• Jobless rate soars; economy weakens - Providence Journal

  Jobless rate soars; economy weakensProvidence Journal, RI - 2 hours agoThe Fed’s first two auctions offered banks a total of $40 billion in loans. “It’s time for the Fed to step up to the plate and let the public know how ...
  2008-01-04 04:17:42

• The week’s reports from area cities and towns - Providence Journal

  The week’s reports from area cities and townsProvidence Journal, RI - 2 hours agoPAWTUCKET — Investors stuck with bad loans and people losing their houses because they have fallen behind on their mortgage payments aren’t the only victims ...
  2008-01-04 04:17:43

• Open House: New law will help alleviate taxes for certain homeowners - Bend Weekly

  Open House: New law will help alleviate taxes for certain homeownersBend Weekly, OR - 1 hour agoYet another much-publicized plan is to allow modifications of certain mortgage loans or freezing the interest rates for up to five years. ...
  2008-01-04 04:34:42

• It's Not Rocket Science - Forex Hound

  It's Not Rocket ScienceForex Hound, NY - 1 hour agoThere's one simple reason: They were paid handsomely for their stamp of approval by the very financiers who were packaging up the bad loans and selling them ...
  2008-01-04 04:38:42

• Fed ups credit auction offering - BBC News

  Fed ups credit auction offeringBBC News, UK - 1 hour agoGlobal financial markets have been severely shaken by a massive credit shortage, prompted by mortgage defaults from US homeowners. ...
  2008-01-04 04:49:58

• Goldman's Toxic CMOs - Black Star News

  Goldman's Toxic CMOsBlack Star News, NY - 1 hour agoI would like to explain in simple terms what Goldman Sachs has done with its marketing, packaging, slicing and dicing of Collateralized Mortgage Obligations ...
  2008-01-04 04:50:32

• Reverse mortgage is one of the most expensive loans - KY3

  Reverse mortgage is one of the most expensive loansKY3, MO - 1 hour agoHe thought a reverse mortgage might be the answer. A reverse mortgage is a loan against your home that you do not have to pay back as long as you live there ...
  2008-01-04 04:52:40

• Home Prices Dip as Sales Volume Dives - Los Angeles Business Journal (subscription)

  Home Prices Dip as Sales Volume DivesLos Angeles Business Journal (subscription), CA - 1 hour ago... mortgage lender Countrywide Financial Corp. and homebuilder Ryland Group Inc. “We had this mid-teens growth over the last few years driven by loans that ...
  2008-01-04 05:00:18

• Consumer credit rating scores are changing - KVAL

  Consumer credit rating scores are changingKVAL, OR - 35 minutes ago... of credit card debt, are they more likely to foreclose on the mortgage than somebody who maybe has two car loans, a student loan and one credit card? ...
  2008-01-04 05:57:30

• New mortgage approvals at three-year low - Guardian Unlimited

  New mortgage approvals at three-year lowGuardian Unlimited, UK - 31 minutes ago... demand for new home loans. The Bank said that mortgage approvals in November dropped from 88000 to 83000 - a 37% drop on the same month a year earlier. ...
  2008-01-04 06:01:46

• Debt charities warn of rise in personal debt levels - Financial Times

  Debt charities warn of rise in personal debt levelsFinancial Times, UK - 23 minutes agoBy Ellen Kelleher Personal debt levels are likely to soar higher in 2008 as more Britons struggle to meet higher mortgage payments and secure low-cost loans ...
  2008-01-04 06:09:27

• Civil Rights Leaders See 2008 as Year of Movement 'Beyond Freedom ... - Baltimore Times

  Civil Rights Leaders See 2008 as Year of Movement 'Beyond Freedom ...Baltimore Times, MD - 18 minutes agoThe instances of sub-prime loans are 40 percent Latinos and 60 percent Black,” Jackson says. “The issue of restructuring and not repossession, ...
  2008-01-04 06:14:51

• Loan Officer - Seattle Times

  Loan OfficerSeattle Times, United States - 1 minute agoOur ideal candidate will have a minimum one year successful track record in originating residential mortgage loans and have their Loan Officer license. ...
  2008-01-04 06:31:29

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