* You are viewing the archive for March 10th, 2008
 BBC News |
Mortgage fraudster banned by FSA
BBC News, UK - A mortgage fraudster from East London has been banned by the main City regulator from anything to do with the financial services industry. … |
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 San Diego Union Tribune |
Raising capital would help Fannie, Freddie-OFHEO
Reuters - "Each enterprise has sufficient capital at this time, but raising capital would put them in an even better position to support the mortgage market as will … Fannie, Freddie Shares Plunge Many ideas, but few are helping fix mortgages Fannie Mae shares fall on bailout report |
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The latest trend in the mortgage market has been an increase in the number of borrowers taking out a 100% loan-to-value mortgage. This means that the loan-to-value ratio of the mortgage is 100% rather than the 85% or less normally attached to more traditional mortgage products.A 100% mortgage can be used to fund the entire cost of purchasing a property, eliminating the need for a deposit. The only costs that are not covered are one-off expenses such as stamp duty, legal f…
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Shared ownership mortgages are specialist mortgages that are designed to cater for purchasing property through shared ownership schemes. Shared ownership schemes are also known as shared equity schemes and have become a popular method for first-time-buyers to get a foot on the property ladder if they do not have the funds necessary to pay for the deposit required for more traditional mortgage products.At present there are only a few lenders who offer shared ownership mort…
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Mortgage brokers sacked
The Australian, Australia - CREDIT Union Australia will pull out of broker-based mortgage originations as the global credit crunch cuts into its margins. … CUA winds back mortgage activities |
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Analysts: Rate Cuts May Not Be Enough
Wall Street Journal - chairman of the Senate Banking Committee, has suggested creating a new government corporation that could buy mortgage-backed securities. … To fix US credit mess, timing is critical Op-Ed Columnist The Face-Slap Theory Fed loans not easing credit crunch |
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 KPIC |
FBI probes largest US mortgage lender Countrywide
Xinhua, China - The investigation will examine underwriting and mortgage origination practices, and whether the company misrepresented losses related to subprime loans, … FBI launches probe of Countrywide Bank of America Plans to Proceed With Countrywide Bid (Update2) Countrywide shares fall on probe reports |
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 Earthtimes |
Deepening recession fears seen sinking HK shares
Reuters - US mortgage companies were hit further after Thornburg Mortgage (TMA.N: Quote, Profile, Research) said it failed to meet creditors' demands for more upfront … Mortgage woes, economic worry sink Wall Street RPT-UPDATE 1-PIMCO's Gross bought Thornburg paper-CNBC Pimco Buys Thornburg Paper |
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This article offers potential homebuyers a few reasons to consider choosing a mortgage broker to find financing for their next home. According to the National Association of Mortgage Brokers (NAMB), two out of three Americans will utilize the services of a mortgage broker. They do this because mortgage brokers offer home buyers with more options and a wider selection of loan products.There is your first reason. If you have less than perfect credit and have found it diff…
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Gaining a mortgage is certainly an exciting and life-changing event. But, it’s never a thing with defined lines, especially the payments involved. Read this article to inform yourself about unforeseen and detrimental aspects about mortgage payments.
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