* You are viewing the archive for June, 2008
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S&P may cut $55.8 bln of mortgage-backed CDO debt
Reuters - The rating action would also be due to downgrades in the residential mortgage-backed securities included in the CDOs, S&P said in a statement. … |
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 RTT News |
Exit From Subprime Business Helps H&R Block Swing to Profit
Wall Street Journal - The news reflects the company's efforts to return the focus back to its core tax-filing operations after getting burned by moving into the mortgage business … H&R Block Has First Profit Since 2006 After Unit Sale (Update2) H&R Block posts profit for quarter, improved loss for year Record tax season, exiting the sub-prime market pushes H&R Block … |
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Industry figures have shown that the number of new mortgage applications approved by the major banks fell again in December. British Bankers Association (BBA) members approved 42,088 new mortgage loans last month, the lowest figure that has been seen since 1997 when the data started to be collected.
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 Los Angeles Times |
Florida sues Countrywide over mortgages
Reuters - By Jim Loney MIAMI (Reuters) - Florida sued mortgage lender Countrywide Financial Corp (CFC.N: Quote, Profile, Research) on Monday for predatory lending … Letter of the day: Conrad defends mortgages with Countrywide Mozillo exits stage a fallen hero Florida attorney general sues Countrywide |
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The candidates' plans for the mortgage crisis
Detroit Free Press, United States - FORECLOSURE FUND: Offer up to $10 billion in government-backed mortgages for homeowners with burdensome post-2005 subprime loans on their primary residence. … These banks step in to avert foreclosure Foreclosure crisis to be a big task for next leader |
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The crisis in the housing market deepened today after mortgage lender Halifax reported a dramatic slump in prices and Bellway became the latest builder to issue a profits warning.
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Demand for bigger jumbo mortgages is slow to materialize
Chicago Tribune, United States - By Walter Hamilton | Chicago Tribune Newspapers LOS ANGELES—When the federal government enacted rules in February to help borrowers get big mortgages, … Jumbo loan cap crimping home sales, agents say |
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Building societies prepare to quit mortgage body
Telegraph.co.uk, United Kingdom - By Philip Aldrick Building societies are planning a mass defection from the Council of Mortgage Lenders over concerns that their voices are being drowned … Scotwest flourishes in face of credit crunch |
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who owns my mortgage
MSNBC - By John W. Schoen Homeowners who are having trouble with their mortgages seem to get the same advice wherever they turn: at the first sign of trouble, … |
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Northern Rock borrowers face big jump in mortgage repayments
Times Online, UK - Hundreds of thousands of Northern Rock borrowers are facing huge rises in their monthly mortgage repayments because they are trapped in deals with the … |
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