Mortgage and Financial News From 2007-8-20
Previous Day: 2007-08-19
Return to the mortgage news archive home.
-
Feds Shift Focus From Inflation To Struggling Mortgage Market And ...
Best Syndication - Feds Shift Focus From Inflation To Struggling Mortgage Market And Lower Interest Rates While Improving Liquidity ... The material on Best Syndication is for informational purposes only and is not meant to be advice. You should ...
2007-08-19 11:38:00 -
As the Credit Bomb Ticked, Few Listened
The Ledger - They include investment banks happy to sell risky but lucrative mortgage debt to hedge funds hungry for high interest payments, bond rating agencies ... and victim, like the legions of individual borrowers who were convinced their homes could only keep ...
2007-08-19 11:31:00 -
The only way is up
News.com.au - The only way is up By Adam Bennett August 20, 2007 06:00am ... stabilise credit markets, after weeks of turmoil caused by the US sub-prime mortgage ... the most likely bet is that the Reserve Bank will remain solidly on the interest ...
2007-08-20 12:56:00 -
Fed action could help stem economic troubles
St. Louis Post-Dispatch - Mark Turkcan, president of First Bank Mortgage, said borrowers who might have taken an interest-only loan or one that didn't require proof of income may find it harder to get credit. Now they will have to show proof of their income and be willing to ...
2007-08-20 12:21:00 -
Lenders want higher credit standards (The Morning Call)
| The mortgage credit crunch not only is affecting interest rates that homebuyers are quoted, but is triggering changes in less visible areas such as minimum credit scores, geographic location and type of properties, even controls on who orders credit reports.
2007-08-19 07:38:28 -
Banks get tough on subprime mortgages
Financial Times - Homebuyers will face higher interest rates and tougher tests for a mortgage if they have a poor credit history, as banks tighten their lending rules in the face of the global credit crunch. A number of home mortgage lenders, including Edeus ...
2007-08-17 08:55:00 -
If you thought that it could not get any worse, think again
Times Online - Mortgage lenders have also tightened up their lending criteria and more than 50 of the sub-prime lenders have gone bust, leaving very few sources of funding for the poor. Now economists are debating the impact of this credit squeeze on America’s ...
2007-08-20 12:21:00 -
So how do you get a mortgage these days?
Dallas Morning News - Mortgage lenders will look for customers to verify they have "at a bare minimum" two months' worth of mortgage, insurance and tax payments in reserves, Mr. Green said. For a customer looking to take out a "jumbo" mortgage ...
2007-08-19 01:22:00 -
MORTGAGE LENDER Q&A
New York Post - August 19, 2007 -- With at least nine mortgage lenders having filed Chapter 11 this year - and Wall Street raising the possibility of a reorganization for the country's No. 1 mortgage lender, Countrywide Financial - homeowners are asking questions ...
2007-08-19 04:47:00 -
Web site tracks mortgage lenders' 'deaths'
Dallas Morning News - Want a front-row seat to the nation's unraveling mortgage business? Many are finding it just a few keystrokes away at ml-implode.com, where the Mortgage Lender Implode-O-Meter carefully tracks the death of each mortgage lender. So far, the site's up ...
2007-08-19 04:18:00 -
Cash flow shows worries run deep
USA Today - But some commercial paper, particularly that backed in part by mortgages or issued by mortgage lenders, is finding fewer buyers because of credit-market jitters. For example, investors yanked $9.3 billion from institutional money market mutual funds ...
2007-08-20 12:06:00 -
UPDATE: Fed Urged To Protect Future Mortgage Borrowers (Nasdaq)
WASHINGTON (Dow Jones) -- Individuals and groups including the U.S. Conference of Mayors and the National Community Reinvestment Coalition are urging the Federal Reserve to protect borrowers against abusive mortgage lending, telling regulators to take steps including banning or limiting so-called "no-doc" loans and prepayment penalties.
2007-08-20 12:01:52 -
Hedge Funds Are Squeezed by Investors and Lenders (New York Times)
As problems in subprime mortgage lending have expanded into the broader markets, hedge funds have come face to face with the ghost of past financial crises.
2007-08-19 11:39:29 -
MORTGAGE LENDER Q&A (New York Post)
With at least nine mortgage lenders having filed Chapter 11 this year - and Wall Street raising the possibility of a reorganization for the country's No. 1 mortgage lender, Countrywide Financial - homeowners are asking questions about what happens...
2007-08-19 09:59:54 -
Mortgage questions on your mind? (Orlando Sentinel)
Homeowners worry about what's next in troubled market It has been an eventful couple of weeks for the mortgage industry, and more than a few consumers are likely wondering what the developments mean for their finances. As a result, they're asking their brokers and lenders questions they've never asked before, said Matt Vernon, retail sales executive for Bank of America. Thanks to a number of ...
2007-08-19 08:41:45