Mortgage and Financial News From 2008-3-13 Page 19

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  • Darling says markets must set FX rates

    MSN UK News - No one yet knows the full extent of what is going to happen in the United States," Darling said, referring to the global credit crunch, which has its roots in the U.S. mortgage market and lenders' inability to finance the loans they've made.
    2008-03-13 02:24:00
  • Asian Stocks Fall on Credit Loss Speculation, Dollar's Slump

    Bloomberg - A Carlyle mortgage-bond fund today said it was unable to reach an agreement with lenders, who will take over all of its remaining assets. Commonwealth Bank, Australia's second-largest bank, declined 5.6 percent to A$39.50, the most since Feb. 13 ...
    2008-03-13 03:28:00
  • Mortgage mess: Fund expects seizure of billions in assets

    USA Today - ... financial markets last week after missing margin calls from banks on its $21.7 billion portfolio of residential-mortgage ... Although it has been working diligently with its lenders, the company has not been able to reach a mutually beneficial ...
    2008-03-13 12:29:00
  • Is Fed throwing good T-bills after bad mortgage debt?

    Pioneer Press - As long as the balance sheets of banks, investment banks, hedge funds, mortgage lenders and other institutions are clogged with questionable assets, they cannot make new loans to households or businesses.
    2008-03-12 10:13:00
  • Cash-Strapped Consumers Turning To Strangers

    KOAT 7 - Americans looking to borrow money will likely have difficult time finding a willing lender as companies continue to lose billions from the mortgage crisis. "Lenders of every kind are tightening their lending criteria," said Lynnette Khalfani, a Money ...
    2008-03-13 03:00:00
  • The next shoe to drop in housing

    CNN Money - A new round of fear washed over Wall Street last week when financial fund Carlyle Capital announced its lenders wanted more money to make up for the depressed value of the agency mortgage-backed securities Carlyle had put up as collateral for loans.
    2008-03-13 12:43:00
  • Foreclosure Activity Rises in February

    Forbes - Lenders typically consider borrowers delinquent after they fall three months behind on mortgage payments. In the 12-month period ended in February, 45 states saw an increase in the number of homes that had received at least one filing.
    2008-03-13 03:28:00
  • Lenders ZIP up major metro areas

    Chicago Tribune - WASHINGTON - Critics call it the new redlining: Many of the country's largest mortgage lenders are restricting loan in counties or ZIP Codes that they rank as risky or "declining." On Jan. 25, Countrywide Bank sent mortgage brokers a list that ...
    2008-03-11 10:47:00
  • Mortgage relief plan falling short

    MSNBC - The Hope Now hotline is staffed 24 hours a day, 7 days a week for homeowners who are having trouble keeping up with mortgage payments. The free service helps borrowers contact  lenders to try to work out a payment plan or modify their loan.
    2008-03-13 04:11:00
  • Paulson to Propose Mortgage Rules Revamp: WSJ

    CNBC - The Journal quoted Paulson as saying in an interview that the President's Working Group of Financial Markets will recommend strengthening state and federal oversight of mortgage lenders and brokers.
    2008-03-13 02:09:00
  • UPDATE 2-Carlyle Capital says unable reach deal with lenders

    Forbes - Fears that more private equity groups, hedge funds and mortgage lenders are struggling with their financing are putting heavy pressure on global equity markets, which have tumbled in recent months on fears of a U.S. recession and the growing fallout ...
    2008-03-12 11:53:00
  • Mortgage stress to hit 300,000: report

    Norrn Daily Leader - Secondly, banks have reduced the interest rate safety buffer on their loans to about 100 basis points from over 200 basis points. "Now the scary thing about that is we've seen 75 basis points of interest rate rises come through," Mr Johnson said.
    2008-03-12 11:10:00
  • Forex - Dollar near record low against euro, at 12-year low vs yen ...

    FXStreet.com - HONG KONG (Thomson Financial) - The US dollar traded near a record low against the euro and fell to a new 12-year low versus the yen in afternoon Asian trade on Thursday as investors dumped the greenback on expectations of further interest rate cuts ...
    2008-03-13 01:12:00
  • Cash-Strapped Consumers Turning To Strangers

    News Channel 2000 - Bidders choose how much of the loan they want to cover and they offer an interest rate to accompany that offer. The loan is typically made up from several different bidders offering different amounts of money at different interest rates.
    2008-03-13 03:00:00
  • Hedge funds on the brink as US Federal Reserve cash fails to ease ...

    Times Online - This is Greenspan's legacy as a result from cutting the interest rate to a silly 1%, post 9/11. A spectacular success for Al Qaeda...
    2008-03-13 02:52:00