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

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  • Tougher rules urged for mortgage lenders

    San Diego Union-Tribune - ... Economic policymakers on Thursday recommended stricter regulation of mortgage ... Bankrate.com, likened the recommendations to “putting up a traffic light only ... of past secretaries when he said a strong dollar is in the national interest.
    2008-03-13 04:21:00
  • A 1930s Loan Rescue Lesson

    Washington Post - ... delinquent on the original mortgage and about three years behind on property taxes. The prelude to that national crisis was unfortunately familiar: a period of good times and confident lending and borrowing. The 1920s featured many interest-only ...
    2008-03-13 09:08:00
  • Mortgage stress hits rich

    News.com.au - The latest interest rate news and features More personal finance news in our Money section ... To date, the delinquency on most loans has only crept up to just above 1 per ...
    2008-03-13 07:56:00
  • Mortgage application volume falls

    Forbes - It covers about 50 percent of all residential retail mortgage originations each week. Volume fell slightly as interest rates rose sharply. ... rate for 15-year fixed-rate mortgages -- often used as an option for refinancing a home ...
    2008-03-12 04:55:00
  • Dollar Declines on Speculation Fed Rescue Package Won't Succeed

    Bloomberg - The U.S. currency also declined as traders wagered the Fed will cut rates by as much as three quarters of a percentage ... lend as much as $200 billion of Treasuries through a new lending tool and widen the collateral it accepts to include mortgage ...
    2008-03-12 04:41:00
  • Asian Stocks Rise on Fed's Plan to Boost Liquidity; Banks Gain

    Bloomberg - ... Nov. 1 record on fears the U.S. will enter a recession amid increasing losses linked to investments in the country's mortgage ... at Clariden Leu AG. ``With the credit markets in a logjam situation, the Fed has to do more, since dropping interest rates ...
    2008-03-11 10:43:00
  • Stock & fund quotes

    ninemsn - Maybe you're an existing home owner looking for a better deal. These days you can lower your mortgage rate without refinancing to another lender. ... Home loan rates may be under 10% (yes, that's relatively low compared to what they were in the ...
    2008-03-13 08:32:00
  • Oil hits new record as dollar falls

    Detroit News - ... recession evidence and rising hopes that all the bad news would bring another aggressive cut in interest rates when ... that the economy is being hit by multiple blows and noting that some of the problems, such as plunging home sales and mortgage ...
    2008-03-13 09:51:00
  • Today's Business (The Myrtle Beach Sun News)

    UNITED STATES INVESTMENTS Group's fund assets to be liquidated
    2008-03-13 09:26:28
  • Florida leads U.S. in mortgage fraud (The Palm Beach Post)

    For the second year in a row, Florida earned the dubious distinction of ranking first in the nation in mortgage fraud, according to a study released Thursday by the Mortgage Bankers Association, a trade group, and the Mortgage Asset Research Institute, a division of Atlanta-based ChoicePoint.
    2008-03-13 09:49:59
  • Rubenstein Sees No Wall Street `Animus' Over Bond-Fund Collapse (Bloomberg.com)

    March 14 (Bloomberg) -- Carlyle Group, the private-equity firm whose mortgage fund was forced into default by creditors, said it will get past the ``hiccup'' in its relationship with the Wall Street banks that also finance leveraged buyouts.
    2008-03-13 09:55:24
  • Mortgage fraud, foreclosures on the rise (Bradenton Herald)

    For the second year in a row, Florida ranked as the top state for mortgage fraud, in which borrowers lied about their financial situation to qualify for home loans and criminals inflated property values and extracted large sums from illegal transactions.
    2008-03-13 10:04:38
  • A lender's recipe for downfall

    Baltimore Sun - The home loan program was dubbed South Street. It turned the idea of credit risk on its head. ... As interest rates rose and competition intensified ...
    2008-03-13 05:18:00
  • What the U.S. Can Learn From Japan's 'Lost Decade'

    NPR News - Nearly two decades before America's mortgage crisis, Japan weathered a real estate ... Federal Reserve has twice cut short-term interest rates sharply — and may do so ... and, in fact, carry heavy debt loads — including debt accrued through home ...
    2008-03-13 06:16:00
  • Mortgage rates rise again (Pioneer Press)

    WASHINGTON — Rates on 30-year mortgages increased this week for the fourth time in the past five weeks.
    2008-03-13 10:22:48