Mortgage and Financial News From 2008-2-11 Page 7

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  • Readers share student loan stories - Pittsburgh Post Gazette

    Readers share student loan storiesPittsburgh Post Gazette, PA - 34 minutes agoIt is absolutely ludicrous when you can have a mortgage on your house for a fixed 5.5 percent, and your student loan interest is 8.5 percent! ...
    2008-02-11 09:22:53
  • Market doubts hit private student loans - Pittsburgh Post Gazette

    Market doubts hit private student loansPittsburgh Post Gazette, PA - 34 minutes agoThe sub-prime mortgage crunch has spilled over into the student loan area, too, with investors less willing to buy loans of different kinds, said Stephen ...
    2008-02-11 09:22:53
  • Lenders offer more hope - Boston Herald

    Lenders offer more hopeBoston Herald, United States - 28 minutes agoBy Jerry Kronenberg Six top US mortgage servicers will announce expanded efforts today to help prevent foreclosures among all financially stressed borrowers ...
    2008-02-11 09:29:02
  • Credit Default Swap Tsunami Approaches - HoweStreet.com

    Credit Default Swap Tsunami ApproachesHoweStreet.com, Canada - 22 minutes agoBack on August 9th Chief Risk Officer Robert Lewis said that almost all of its subprime mortgage holdings were safe unless the US housing market crashes to ...
    2008-02-11 09:34:38
  • Bush package eases ‘conforming loan’ limit - Boston Herald

    Bush package eases ‘conforming loan’ limitBoston Herald, United States - 18 minutes ago“It’ll help a little bit, but I don’t think it’s going to be a huge event,” Hingham mortgage broker John Battaglia said of new loan rules President Bush ...
    2008-02-11 09:38:26
  • US Banks, Paulson Plan New Bid to Cut Mortgage Foreclosures - Bloomberg

    US Banks, Paulson Plan New Bid to Cut Mortgage ForeclosuresBloomberg - 18 minutes agoFederal Reserve officials project about 2 million homeowners face higher mortgage rates over the next two years as their loans reset higher. ...
    2008-02-11 09:38:57
  • ACORN tells how to keep your home - Connecticut Post

    ACORN tells how to keep your homeConnecticut Post, CT - 17 minutes agoThis is the first victory in what ACORN called its industry-wide crusade to get mortgage servicing companies to modify variable rate loans or other types of ...
    2008-02-11 09:39:29
  • Lender, community group to aid troubled homeowners - Seattle Post Intelligencer

    Lender, community group to aid troubled homeownersSeattle Post Intelligencer - 9 minutes ago... into bad loans, rates that prime borrowers couldn't get on the open market, Withers said most people who sign mortgage documents don't understand them. ...
    2008-02-11 09:47:41
  • Asia-Pacific Bond Risk Surges to Records on AIG Credit Loss - Bloomberg

    Asia-Pacific Bond Risk Surges to Records on AIG Credit LossBloomberg - 4 minutes agoLosses from securities and derivatives linked to US home loans have led to $146 billion in asset writedowns and credit losses at more than 25 of the world's ...
    2008-02-11 09:52:51
  • Macquarie Bank Considering Closing Macquarie Fortress Investments - Daily Reckoning - Australian Edition

    Macquarie Bank Considering Closing Macquarie Fortress InvestmentsDaily Reckoning - Australian Edition, Australia - 4 minutes agoThis roughly coincides with the boom in US subprime lending, fuelled by securitization, where mortgage lenders passed the dodgy loans on, via Wall Street ...
    2008-02-11 09:52:52
  • Assess future earning power when borrowing money (Pittsburgh Post-Gazette)

    Borrowing for college can be a wise investment if it allows students to finish their education and increase their odds of success in employment and other areas of life. ...
    2008-02-11 09:36:11
  • Private student loan scandal yields reforms (Pittsburgh Post-Gazette)

    To gauge what a year of scandal has done to the student loan business, look no farther than the Web site of Pennsylvania's Dickinson College. ...
    2008-02-11 09:36:21
  • Consolidating federal loans less appealing with fixed rates (Pittsburgh Post-Gazette)

    Just a few years ago, student borrowers couldn't check their mailboxes without wading through letters from companies offering to consolidate their loans. ...
    2008-02-11 09:36:31
  • PHEAA plays major role in loans (Pittsburgh Post-Gazette)

    When it comes to student loans in Pennsylvania, PHEAA is big. ...
    2008-02-11 09:36:56
  • Market doubts hit private student loans (Pittsburgh Post-Gazette)

    The use of private loans to pay college expenses has boomed in the past decade. ...
    2008-02-11 09:37:21