Mortgage and Financial News From 2008-2-11 Page 6

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  • U.S. commercial real estate "AAA" bond index weaker

    Reuters - NEW YORK, Feb 11 (Reuters) - Yield spreads on the highest-rated "AAA" tier of a key derivatives index tied to commercial mortgage loans weakened further on Monday as investors bet on further weakness in commercial real estate. The "AAA" CMBX-4 index ...
    2008-02-11 01:35:00
  • U.S. CMBS offerings to test market appetite

    Reuters - In another sign that dealers may struggle with the offerings, yield spreads on the highest-rated "AAA" tier of a key derivatives index tied to commercial mortgage loans weakened further on Monday as investors bet on further weakness in commercial ...
    2008-02-11 03:29:00
  • Lenders Step Up Effort to Avert Foreclosures

    Wall Street Journal - At least 1.3 million home-mortgage loans were either seriously delinquent or in foreclosure at the end of the third quarter, according to the Mortgage Bankers Association. Not all of those loans would qualify for the program, however. Analysts at the ...
    2008-02-11 08:44:00
  • U.S. Banks, Paulson Plan New Bid to Cut Mortgage Foreclosures

    Bloomberg - Federal Reserve officials project about 2 million homeowners face higher mortgage rates over the next two years as their loans reset higher. Economists at the Federal Deposit Insurance Corp. estimate foreclosures this year will be about 1 million ...
    2008-02-11 09:34:00
  • Assured Guaranty swings to 4Q loss

    CNBC - NEW YORK (AP) - Assured Guaranty Ltd. on Monday posted a hefty loss for the fourth quarter as a book of policies covering risky mortgage loans soured. While the steep loss shows no bond insurer is completely insulated from the credit crisis, Assured ...
    2008-02-11 03:15:00
  • U.S. mortgage crisis spreads past subprime loans

    International Herald Tribune - The credit crisis is no longer just a subprime mortgage problem. As U.S. home prices fall and banks tighten lending standards, people with good, or prime, credit histories are falling behind on their payments for home loans, auto loans and credit ...
    2008-02-11 09:27:00
  • Robert Steel - Washington Post

    Robert SteelWashington Post, United States - 41 minutes agoMortgage Relief Plan: Played the key behind-the-scenes role. It offers a five-year freeze in rates for qualified homeowners with subprime mortgages. ...
    2008-02-11 09:15:29
  • Mortgage woes hit home equity loans - BusinessWeek

    Mortgage woes hit home equity loansBusinessWeek - 40 minutes agoThe mortgage crisis continues to spread, from standard home loans to home equity loans. We look at what this means for homeowners and what it says about the ...
    2008-02-11 09:17:05
  • How the weak dollar affects shoppers - BusinessWeek

    How the weak dollar affects shoppersBusinessWeek - 40 minutes agoLuxury sales are hurting, but less at the high end. We talk with Gucci CEO Mark Lee and we check in with shoppers. Are they spending less? ...
    2008-02-11 09:17:05
  • Mortgage help...Poll suggests Obama win over McCain...9/11 trial ... - KXMC

    Mortgage help...Poll suggests Obama win over McCain...9/11 trial ...KXMC, ND - 39 minutes agoIt would allow seriously overdue homeowners to suspend foreclosures for 30 days while lenders try to work out more affordable loans. ...
    2008-02-11 09:17:25
  • SAS, Wiley release Fair Lending Compliance - TAXI Design Network

    SAS, Wiley release Fair Lending ComplianceTAXI Design Network, NY - 35 minutes agoWith fallout from the 2007 mortgage market problems lingering into 2008, lenders and regulators are continuing to review and consider better ways to assess ...
    2008-02-11 09:21:26
  • Assess future earning power when borrowing money - Pittsburgh Post Gazette

    Assess future earning power when borrowing moneyPittsburgh Post Gazette, PA - 34 minutes ago... student-loan payments not exceed 8 percent of the borrower's pre-tax income to ensure they have enough to cover taxes, car payments, rent or mortgage ...
    2008-02-11 09:22:47
  • PHEAA plays major role in loans - Pittsburgh Post Gazette

    PHEAA plays major role in loansPittsburgh Post Gazette, PA - 34 minutes agoBut Mr. New said such programs could be in jeopardy this year, as PHEAA's investments have not done as well because of the sub-prime mortgage crisis and ...
    2008-02-11 09:22:49
  • Consolidating federal loans less appealing with fixed rates - Pittsburgh Post Gazette

    Consolidating federal loans less appealing with fixed ratesPittsburgh Post Gazette, PA - 34 minutes agoUnlike refinancing a home mortgage, there are no "closing costs" associated with student loan consolidation. "If a lender charges you a fee before you can ...
    2008-02-11 09:22:50
  • Private student loan scandal yields reforms - Pittsburgh Post Gazette

    Private student loan scandal yields reformsPittsburgh Post Gazette, PA - 34 minutes ago"Treat your student loan like it's a mortgage, take it that seriously," he said. "You wouldn't sign up for a mortgage on your home based on a letter you get ...
    2008-02-11 09:22:51