Mortgage and Financial News From 2008-2-14 Page 5

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  • Subprime Fallout May Lead to `Tsunami,' Spitzer Says (Update2)

    Bloomberg - Stopping the lenders and mortgage brokers from making inappropriate mortgage loans to borrowers who couldn't afford them would have been the best way to prevent the subprime problems, Spitzer said. Comptroller of the Currency John Dugan ...
    2008-02-14 12:41:00
  • Fitch Affirms 10 Classes From 2 M&T RMBS Transactions

    Forbes - The collateral of the above transactions consists primarily of 15-year to 30-year fixed-rate and adjustable-rate mortgage loans extended to Prime borrowers and secured by first liens on one to four-family residential properties. The loans were ...
    2008-02-14 10:18:00
  • Lifting Fannie, Freddie Mortgage Limits Could Help Investors Most

    CNN Money - Raising value limits on conforming loans could do more to lift bond market confidence than to broadly help refinancers and home buyers. Mortgage lenders and housing analysts are hailing a new law President Bush signed Wednesday that raises the cap on ...
    2008-02-14 10:54:00
  • Economic Swoon to Continue, Bernanke Says

    NPR News - Bernanke's testimony came as foreclosures are hitting record highs around the country and financial institutions are suffering billions of dollars in losses due to bad mortgage loans. Treasury Secretary Henry Paulson, who testified before the Senate ...
    2008-02-14 02:43:00
  • It's payback time in credit crisis

    Detroit News - You are responsible for accepting dodgy loan applications, for repackaging your mortgage and your kids' student loans and selling them to investors more interested in their rates of return than asset quality and security. It's all on you -- right? ...
    2008-02-14 09:52:00
  • Lawmakers seek remedies to bond insurance pain, big bond insurer MBIA ...

    International Herald Tribune - Credit market turmoil that started last summer with rising defaults among risky mortgage loans has spread to new corners of Wall Street, including the market for securities tied to student loans. The latest hit has been to short-term investments ...
    2008-02-14 05:27:00
  • Federal Home Loan Bank of San Francisco Reports Annual and Quarterly ...

    Forbes - The increases in net interest income were primarily driven by the effect of higher average capital, advances, and investment balances, partially offset by a lower net interest spread on the Bank's mortgage portfolio (mortgage loans and mortgage ...
    2008-02-14 09:02:00
  • New York Mortgage Trust Announces Private Placement of Common Stock

    MSN MoneyCentral - New York Mortgage Trust, Inc. is a self-advised real estate investment trust (REIT) engaged in the investment management of mortgage-backed securities (MBS) and high credit quality residential adjustable rate mortgage (ARM) loans. As of March 31 ...
    2008-02-14 02:07:00
  • The Color of Money: Black, Latino homeowners hit hardest by ... - Green Valley News

    The Color of Money: Black, Latino homeowners hit hardest by ...Green Valley News, AZ - 42 minutes ago... others in the mortgage industry who took advantage of people trying to achieve the American dream of homeownership. I’ve seen some loan documents with ...
    2008-02-14 09:41:43
  • Federal Reserve chairman tells Congress that business prospects ... - West Central Tribune

    Federal Reserve chairman tells Congress that business prospects ...West Central Tribune, MN - 41 minutes ago... or low incomes — and a reluctance by skittish lenders to make “jumbo” home loans exceeding $417000 — have aggravated problems in the housing market. ...
    2008-02-14 09:42:41
  • Mitt Romney endorses his former Republican rival John McCain ... - PR-Inside.com (Pressemitteilung)

    Mitt Romney endorses his former Republican rival John McCain ...PR-Inside.com (Pressemitteilung), Austria - 40 minutes agoShe proposed restrictions on oil, insurance, credit card, student loans and Wall Street investment companies she said would save ordinary Americans $55 ...
    2008-02-14 09:43:42
  • Credit Problems Far From Over - FXstreet.com The Foreign Exchange Market

    Credit Problems Far From OverFXstreet.com The Foreign Exchange Market, Spain - 40 minutes agoThe percentage of banks tightening lending standards on business loans has also risen substantially. Mortgage loan standards have been tightened. ...
    2008-02-14 09:44:13
  • Recalling the Great Depression's anti-eviction struggles - Workers World

    Recalling the Great Depression's anti-eviction strugglesWorkers World - 23 minutes agoPersonal loan companies discovered that as much as half of their outstanding loans were to workers forced into unemployment. ...
    2008-02-14 10:00:39
  • Shelter from the Storm - BusinessWeek

    Shelter from the StormBusinessWeek - 23 minutes agoAfter a series of jobs in finance, he hired on with LMC Mortgage in 2003 as a manager and loan originator. He worked with more than 40 banks to come up with ...
    2008-02-14 10:00:55
  • Daily briefing: Comcast appeases stockholders - commercialappeal.com (subscription)

    Daily briefing: Comcast appeases stockholderscommercialappeal.com (subscription), TN - 21 minutes agoWall Street retreated Thursday after Federal Reserve Chairman Ben Bernanke predicted a "sluggish" economy until later in the year and more mortgage-related ...
    2008-02-14 10:03:14