Mortgage and Financial News From 2008-3-13 Page 12

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• The Many Facets of Foreclosure

  Falls Church News-Press - The market cooled off in ’06, housing prices decreased and the mortgage was more than the house was valued. They couldn’t refinance because their ... If possible, talk to the neighbors to get more information about the house.
  2008-03-13 10:30:00

• Carlyle Expects Banks to Seize Assets

  AOL - ... margin calls from banks on its $21.7 billion portfolio of residential-mortgage ... participated actively" in the fund's negotiations with its lenders to refinance its ... The information contained in the AP news report may not be published, broadcast ...
  2008-03-13 07:03:00

• Carlyle Capital Corporation Unable To Reach Agreement With Lenders

  Forbes - ... portfolio as of today are U.S. government agency AAA-rated residential mortgage ... Company explored a variety of proposals with its lenders in an attempt to refinance ... Certain of the information contained in this press release represents or is based ...
  2008-03-12 09:59:00

• Northern San Joaquin Valley no longer tops in foreclosures

  Modesto Bee - ... in foreclosures, a trend exacerbated by falling home prices that make it more difficult for owners in mortgage trouble to refinance or ... That's why homeowners planning to attend the March 29 workshop should bring all the information they can to document ...
  2008-03-13 08:14:00

• HFSC Chairman Frank proposes new mortgage, housing rescue plan

  Forbes - Frank said the proposed program could refinance 1 million and 2 million loans. 'If the current lender or mortgage holder agrees to a writedown that is ... The content on this site, including news, quotes, data and other information, is provided by ...
  2008-03-13 09:40:00

• Home buying 101: How to find a good Realtor

  Antelope Valley Press - You have lined up a home loan, established a relationship with a mortgage broker and loan officer, evaluated your finances and determined your wants and needs. Now it's time to find a real estate agent and start searching for the perfect home. "It's ...
  2008-03-12 08:37:00

• Despite the Federal Reserve's efforts Wall Street fears a big US bank ...

  Times Online - ... in the sub-prime crisis and the one that, among all wholesale and investment banks, is most reliant upon the use of mortgage ... If a broker-dealer is illiquid, it dies.” Speculation has swirled for months about the collapse of an American bank as the ...
  2008-03-13 11:13:00

• The United States Of Leverage

  Forbes - In the 1960s, I bought convertible bonds on 90% margin through a money broker. ... They, along with the brokers and banks who packaged this fishy mortgage paper, sought easy profits.
  2008-03-13 10:52:00

• Costly collapse for Carlyle founders

  The Australian - Martin North from Fujitsu Consulting noted yesterday that what's called predatory lending -- where people who can't pay are talked into a loan they can't afford -- is relatively small in Australia at about 1.5 to 2 per cent of mortgage broker sales.
  2008-03-13 06:56:00

• Shrink's Progress

  American Reporter - ORINDA, Calif. -- Ed, a 42-year-old divorced mortgage broker, explained that his job was demanding and often left him feeling tense and stressed. Although Ed had a girl friend, he lived alone. He had come to see me only at the insistence of his ...
  2008-03-13 10:16:00

• Living Near Foreclosure Properties Affects Your Home's Value as Well

  The Ledger - In Wellington, an upscale area near West Palm Beach known for its polo and equestrian club, several houses sold last year for between $720,000 and $780,000, down from a typical price of more than $1 million in recent years, said local mortgage broker ...
  2008-03-13 03:28:00

• Mortgage pain spreading to affluent

  The Australian - Mr North also added that "one in 20 loans, through a (mortgage) broker channel ... have had some untruth in them". The Australian Securities and Investments Commission yesterday released an alarming report that showed that a number of fringe lenders ...
  2008-03-13 05:58:00

• Big candidate lineup set for Rep. Hunter's seat

  San Diego Union-Tribune - Bob Filner, D-San Diego, will face Republicans Dan Felzer, a mortgage broker, and David Lee Joy, a business owner and executive; and Libertarian Dan “Frodo” Litwin, a software systems engineer.
  2008-03-13 07:17:00

• Boston to offer free legal help to stem foreclosures

  Boston Globe - Menino also announced an agreement with the Dorchester office of nonprofit mortgage broker ACORN Housing Corp. to provide counseling services to area homeowners facing foreclosure.
  2008-03-13 10:45:00

• London shares close off lows (AFP via Yahoo! News)

  Blue chips closed off lows, following Wall Street down, after news of another proposed US mortgage rescue package and news by Standard & Poor that the end of the write downs could be in sight, with Wolseley the biggest FTSE 100 faller on the back of broker downgrades.
  2008-03-13 10:42:27

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