* You are viewing the archive for October 4th, 2008
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The view from the financial ledge
Baltimore Sun, United States - They don't know which toxic mortgage securities to buy, where to buy them, how much to pay or what to do once the stinking piles of junk are quarantined. … Fix the Bailout to Help Homeowners - An Open Letter from Thomas … Mortgage Q&A: Bailout analyzed The Trickle-Up Bailout |
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 USA Today |
Smoke, mirrors … and how a handful of missed mortgage payments …
Sunday Herald, UK - How did a few dodgy sub-prime mortgages in American inner cities lead to what is beginning to look like the collapse of capitalism? … Teresa Hunter: Economy heads into eye of storm Where's the safest place to keep your money? Savers `Slice and Dice' Deposits as UK Banks Fail (Update1) |
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Mortgage rates can really state an economic performance because with their increasing rates, it is not easy to invest in new commercial and non commercial properties. This results in slowing down of trade that indicates lesser flow of money through the current economic situations. On the contrary, if the mortgage rates are low, they enable the people to purchase properties by spending less income. It further adds to the growth of building trade because the houses are being purchased, stimulatin
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Hennepin County mortgage fraud trial ends with a mistrial
Minneapolis Star Tribune, MN - They say that Newell recruited the buyers and that Boler obtained mortgage loans based on fraudulent applications. Newell, Boler and each buyer split the … |
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Mother and son plead guilty in NY mortgage fraud
Reuters - NEW YORK (Reuters) - The mother and son operators of a New York mortgage brokerage firm and one of their employees pleaded guilty on Friday to taking part … |
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Did God Want You to Get That Mortgage?
TIME - Walton says that this encouraged congregants who got dicey mortgages to believe "God caused the bank to ignore my credit score and blessed me with my first … |
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 AFP |
2 firms selected for mortgage securities program
The Associated Press - Treasury Secretary Henry Paulson announced the program to buy mortgage-backed securities on Sept. 7 at the same time he announced the government was seizing … US hires Barclays, State Street to manage mortgage debt Treasury hires State Street and Barclays to manage MBS buys Treasury Hired State Street, Barclays for MBS Program (Update2) |
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If you happen to be one of these unlucky people who have an adjustable home loans and are unable to refinance the only choice at keeping your house is to talk to your current note holder and ask about getting a loan modification. A mortgage loan modification will swap ARM mortgage loans over to fixed rate loans or give you a much longer fixed rate time frame for adjustable home loans.
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 Wall Street Journal |
Freddie, Fannie cut back mortgage fees
BusinessWeek - By ALAN ZIBEL Mortgage finance companies Fannie Mae and Freddie Mac, seized by the federal government last month, are rolling back fees imposed as they … Fannie, Freddie to drop new mortgage insurance fees Forget the Bailout: Here’sa Better Way The Great Mortgage Swindle - The Taxpayers Lose Again |
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Have you ever dreamed of having a house near the bay where you could sit on the deck, unbend and watch the sunset without worrying about the rent? I have. We all have versions of our American dream. Perhaps one of the popular things we aspire the most in life is buying our own home. Sure, buying one wouldnt be easy, but there is a viable option that could help you do just that - home mortgage.
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