Mortgage and Financial News From 2008-3-17 Page 13

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  • Turkish Markets Slump on Lawsuit to Ban Ruling Party (Update6) (Bloomberg.com)

    March 17 (Bloomberg) -- Turkish stocks fell the most since 2006 and bonds and the lira also plunged after prosecutors filed a case to shut down the governing party and ban the prime minister and president from holding office.
    2008-03-17 09:47:12

  • The Financial Meltdown (CBS4 Miami)

    By now, you have read about the collapse of Bear Stearns. The banking giant went from turning billions of dollars of profit, to literally running out of available capital. The fall of Bear Stearns was just the latest in a series of questionable moves by banks facing the prospect of mortgage defaults and an ever decreasing amount of available money, that could trigger one of the worst financial ...
    2008-03-17 09:52:50

  • Industrial Production Down; Deficit Drops (HispanicBusiness.com)

    WASHINGTON (AP) -- Industrial output fell in February by the biggest amount in four months, providing yet another gloomy assessment of the economy's health.
    2008-03-17 09:56:03

  • Veros Chooses Zaio as Preferred Appraiser

    MSN MoneyCentral - Being able to provide access to appraisal products will give our lender and ... And because we are on the cusp of a great wave of change in the mortgage industry ... 0, which allows appraisers to efficiently inspect and appraise every home in an ...
    2008-03-17 05:54:00

  • Bankruptcy lawyers' work grows

    Miami Herald - ... in bankruptcy court because they can't keep up with rising mortgage payments on their adjustable-rate loans and escalating insurance and property taxes. ... condo buyers would walk away from their purchases, the project's lender ...
    2008-03-17 04:06:00

  • Kookmin to take stake in Kazakh bank

    International Herald Tribune - ... to expand overseas and reduce its reliance on sluggish interest income at home. ... to Kookmin's earnings and question the price of the deal as the U.S. mortgage ... bank from Temasek, which would give it a controlling stake in the Indonesian lender
    2008-03-17 06:44:00

  • Activists tackle nation's biggest lender to stave off foreclosures

    Inside Bay Area - In early 2006, Gardner's adult sons — who had bought the house from her — fell behind on their mortgage and the lender, Countrywide, began foreclosure. Gardner stepped in to fight, although looking at the home's drab exterior and the surrounding ...
    2008-03-16 08:54:00

  • Bank emperor's biggest gamble

    Baltimore Sun - Countrywide said this week that the percentage of borrowers who missed payments on home loans last month rose. The nation's biggest mortgage lender said about 6.96 percent of the loans in its servicing portfolio were delinquent last month, up from 5 ...
    2008-03-15 05:59:00

  • Despite Fed cuts, mortgage interest rates creeping up

    Fort Lauderdale Sun-Sentinel - South Floridians are inundating lenders and mortgage brokers with requests to lower ... right time," said Gus Pasquale, co-founder of Element Funding, a residential lender ... should try to refinance his 10-year , interest-only loan on the three-bedroom home ...
    2008-03-17 06:44:00

  • Fed Takes Bold Steps to Ease Crisis

    Associated Press - Make Missoulian.com your home page Get Firefox! ... is trying to restore confidence in panicked financial markets by becoming a lender ... Market players have been repeatedly let down which shows the subprime mortgage ...
    2008-03-17 06:37:00

  • Fixed-rate homeowners struggling

    Shropshire Star - The credit crunch means even those remortgaging are expected to struggle to find mortgage deals without higher repayments and those who stay with their lender could see the cost of paying the mortgage rise 35 per cent as their home loans switch to ...
    2008-03-17 04:21:00

  • Mar 17, 10:54 AM EDT

    Associated Press - You're going to have some very weak players pushed out of business," Battipaglia added, saying JPMorgan's buy of Bear Stearns and Bank of America Corp.'s acquisition of mortgage lender Countrywide are probably not the only rescues the industry will ...
    2008-03-17 07:27:00

  • Macquarie Group cuts 50 jobs

    News.com.au - MACQUARIE Group yesterday confirmed it had made 50 staff redundant after pulling the plug on new home loans in the stricken US mortgage ... has been funding home loans to borrowers in 20 US states since 2003, is believed to be the 265th US home lender ...
    2008-03-17 06:51:00

  • Mortgage brokers 'act fast' tip

    BBC Business - ... anyone coming to the end of a deal should plan ahead by finding out what new deal their current lender ... Last week the Council of Mortgage Lenders (CML) said new loans for home buyers fell to their lowest level for nine years in January, to just 50 ...
    2008-03-17 07:05:00

  • Wolters Kluwer Financial Services Helps Mortgage Lenders and Borrowers ...

    Forbes - The solution will help lenders and borrowers make the closing process for first mortgage and home equity loans simpler, faster and ... The second piece is a non-recordable supplement that outlines a loan's standard covenants between the lender and ...
    2008-03-17 07:05:00

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