* You are viewing the archive for March 10th, 2008

Mortgage fraudster banned by FSA - BBC News


BBC News
Mortgage fraudster banned by FSA
BBC News, UK -11 hours ago
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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Raising capital would help Fannie, Freddie-OFHEO - Reuters


San Diego Union Tribune
Raising capital would help Fannie, Freddie-OFHEO
Reuters -2 hours ago
"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 PlungeHouston Chronicle
Many ideas, but few are helping fix mortgagesSan Diego Union Tribune
Fannie Mae shares fall on bailout reportMarketWatch
San Diego Union Tribune - San Jose Mercury News
all 55 news articles

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Rise Of The 100% Mortgage Product Posted By :

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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The Basics Of Shared Ownership Mortgages Posted By :

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

Mortgage brokers sacked
The Australian, Australia -12 hours ago
CREDIT Union Australia will pull out of broker-based mortgage originations as the global credit crunch cuts into its margins.
CUA winds back mortgage activitiesThe Age
all 13 news articles

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Analysts: Rate Cuts May Not Be Enough - Wall Street Journal

Analysts: Rate Cuts May Not Be Enough
Wall Street Journal -4 hours ago
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 criticalChristian Science Monitor
Op-Ed Columnist The Face-Slap TheoryNew York Times
Fed loans not easing credit crunchCNNMoney.com
New York Times - ABN Newswire (press release)
all 58 news articles

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FBI probes largest US mortgage lender Countrywide - Xinhua


KPIC
FBI probes largest US mortgage lender Countrywide
Xinhua, China -22 hours ago
The investigation will examine underwriting and mortgage origination practices, and whether the company misrepresented losses related to subprime loans,
FBI launches probe of CountrywideBizjournals.com
Bank of America Plans to Proceed With Countrywide Bid (Update2)Bloomberg
Countrywide shares fall on probe reportsThe Age
Los Angeles Times - This is Money
all 581 news articles

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Deepening recession fears seen sinking HK shares - Reuters


Earthtimes
Deepening recession fears seen sinking HK shares
Reuters -41 minutes ago
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 StreetReuters
RPT-UPDATE 1-PIMCO's Gross bought Thornburg paper-CNBCReuters
Pimco Buys Thornburg PaperHouston Chronicle
Reuters - Reuters
all 46 news articles

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Why You Should Consider The Services Of A Mortgage Broker? Posted By :

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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Unforeseen Aspects Detrimental to Mortgage Payments Posted By : E.S. Cromwell

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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