Mortgage and Financial News From 2008-2-14 Page 6

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• Commentary: Schemes we have seen before on S. Security - West Central Tribune

  Commentary: Schemes we have seen before on S. SecurityWest Central Tribune, MN - 19 minutes agoMany blacks and Hispanics with solid credit were steered into subprime loans when they could have qualified for far less expensive prime mortgages. ...
  2008-02-14 10:05:19

• Southern Serenity Buys 9 More Lots in Collierville - Memphis Daily News

  Southern Serenity Buys 9 More Lots in ColliervilleMemphis Daily News,  USA - 18 minutes agoUS Bank NA is the owner and holder of the loan for the Patton Street property, which is scheduled for sale March 13. SunTrust Mortgage Inc. is the owner and ...
  2008-02-14 10:05:45

• Mortgage crisis is racist too - Topeka Capital Journal (subscription)

  Mortgage crisis is racist tooTopeka Capital Journal (subscription), KS - 18 minutes agoIn the hands of the mortgage lending industry, sub-prime loans became predatory loans — a faulty product ruthlessly hawked even though financial ...
  2008-02-14 10:06:03

• Report: Bankers Want to Shift Some Risk of Loans to US - Memphis Daily News

  Report: Bankers Want to Shift Some Risk of Loans to USMemphis Daily News,  USA - 18 minutes agoWASHINGTON (AP) - A plan to limit damage caused by the mortgage mess that is gaining traction in Congress and the administration would make it easier for ...
  2008-02-14 10:06:09

• Outbreak of common sense - Irish Independent

  Outbreak of common senseIrish Independent, Ireland - 8 minutes agoMost important of all perhaps, our financial institutions seem to have realised how irresponsible they were in fuelling the property frenzy with 100pc loans ...
  2008-02-14 10:15:20

• It's payback time in credit crisis - DetNews.com

  It's payback time in credit crisisDetNews.com, MI - 7 minutes agoYou are responsible for accepting dodgy loan applications, for repackaging your mortgage and your kids' student loans and selling them to investors more ...
  2008-02-14 10:16:25

• Local and national home sales are horrid - St. Petersburg Times

  Local and national home sales are horridSt. Petersburg Times, FL - 6 minutes agoLawrence Yun, the trade group's chief economist, blamed price declines on mortgage problems that mushroomed last fall, making loans more expensive for ...
  2008-02-14 10:17:54

• 100 jobs go at Ellesmere Port loans firm - Liverpool Daily Post

  100 jobs go at Ellesmere Port loans firmLiverpool Daily Post, UK - 4 minutes agoUS bank Morgan Stanley said it was shutting its Advantage Home Loans (AHL) business in Ellesmere Port due to the “continued deterioration” of the mortgage ...
  2008-02-14 10:20:17

• California home sales drop to lowest level in more than 20 years - The Ledger

  California home sales drop to lowest level in more than 20 yearsThe Ledger, FL - 1 minute agoAn economic stimulus package signed into law by President Bush on Wednesday temporarily raises the cap on loans that government-backed mortgage companies ...
  2008-02-14 10:22:47

• Frederick 6th in foreclosures (Winchester Star)

  Winchester — Frederick County’s rate of new foreclosure filings ranked sixth in Virginia for December, trailing behind localities in and around the Northern Virginia area, where more than half of the state’s filings took place.
  2008-02-14 10:03:41

• Report: Bankers Want to Shift Some Risk of Loans to US (The Memphis Daily News)

  WASHINGTON (AP) - A plan to limit damage caused by the mortgage mess that is gaining traction in Congress and the administration would make ....
  2008-02-14 10:08:02

• Fed chairman tells Congress that business prospects are deteriorating (Southeast Missourian)

  WASHINGTON -- Using words like "sluggish" and "deteriorated," Federal Reserve chairman Ben Bernanke gave a pessimistic assessment of the nation's economy Thursday and signaled that the Fed will cut...
  2008-02-14 10:08:18

• Shelter from the Storm (BusinessWeek)

  Some mortgage and real estate pros who've lost their jobs now help homeowners hold on to their property
  2008-02-14 10:09:07

• Southern Serenity Buys 9 More Lots in Collierville (The Memphis Daily News)

       Oakland-based Southern Serenity Homes LLC has bought nine more lots in the Wolf River Ranch Planned Development, phase I....
  2008-02-14 10:10:03

• Home sales decline in 45 states in fourth quarter (Pioneer Press)

  Sales of existing homes fell in 45 states during the October-December quarter, with metropolitan areas showing growing weakness, a real estate trade group said Thursday. The fourth-quarter data from the National Association of Realtors underscore the breadth of the housing market's slump. South Dakota was the lone state to show a sales increase. Existing home sales there rose 8.9 percent from ...
  2008-02-14 10:10:10

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