Mortgage and Financial News From 2007-8-22 Page 14

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  • California seeks ways to ease mortgage morass

    San Francisco Gate - what's this?) To all Safari Browser users, Our implementation of comments on SFGate causes the back button to break on ... housing development Home DNA tests create medical, ethical quandaries Fannie, Freddie could help to stimulate jumbo mortgage loans
    2007-08-22 12:21:00
  • Lender lands $1 billion deal with investor

    San Diego Union-Tribune - Accredited Home Lenders made a deal yesterday to sell $1 billion in mortgage loans to an unnamed investor – gaining the troubled subprime lender time in hopes that credit markets improve. While the San Diego company agreed to sell the loans, it ...
    2007-08-22 09:08:00
  • Volume of mortgage applications down 5.5%

    Marketwatch - CHICAGO (MarketWatch) -- Filings of applications seeking mortgage loans dropped a 5.5% last week compared to the prior week as interest rates increased, the Mortgage Bankers Association said Wednesday. On a seasonally adjusted basis, mortgage ...
    2007-08-22 10:48:00
  • Mortgage applications shrank last week

    Boston Globe - Applications for mortgage loans have fallen sharply this year as decaying credit quality and a newfound fear of risk on Wall Street force a shakeout in the home-lending industry. Many of the lenders that sprouted amid the housing boom a few years ago ...
    2007-08-22 12:36:00
  • Western National offers emergency loans for home buyers as mortgage firms close doors (BizJournals)

    Western National Bank has set aside $50 million for short-term emergency financing to help families caught in the wave of mortgage company closures.
    2007-08-21 10:38:26
  • Accredited Plans to Sell $1 Billion of Mortgage Loans (Update1) (Bloomberg.com)

    Aug. 21 (Bloomberg) -- Accredited Home Lenders Holding Co., whose sale to Lone Star Funds collapsed this month, agreed to sell $1 billion of home loans to an unidentified investor.
    2007-08-21 02:14:47
  • Weekly mortgage loan applications off 5.5%, MBA data show (Market Watch)

    CHICAGO (MarketWatch) -- Filings of applications seeking mortgage loans dropped a 5.5% last week compared to the prior week as interest rates increased, the Mortgage Bankers Association said Wednesday.
    2007-08-22 11:05:39
  • Mortgage applications slip (CNN Money)

    Mortgage Bankers Association index falls 5.5 percent on lower demand for home-purchase and refinancing loans.
    2007-08-22 12:01:29
  • Ginnie Mae seeks to retrieve $450M in American Home Mortgage loans (The Daily Record)

    PHILADELPHIA - The Government National Mortgage Association has demanded that bankrupt American Home Mortgage Holdings Inc. hand over about $450 million worth of home loans it is servicing.
    2007-08-21 06:42:56
  • First National of Arizona stops handling some mortgage loans

    Arizona Daily Star - Correspondent units buy mortgages made by other lenders. Wells Fargo & Co., the second-biggest U.S. home lender during the first half of this year, closed a correspondent unit June 29 that handled subprime mortgages and said it would shut a subprime ...
    2007-08-21 09:41:00
  • FedEx, UPS, General Dynamics Increase Donations to Democrats

    Bloomberg - FedEx, the second-largest U.S. package-shipping company, opposes a bill to let its truck drivers join local unions rather than having to organize nationally. The House Transportation Committee in June attached the provision to legislation renewing ...
    2007-08-22 11:31:00
  • Emaar share price dips below Dh10

    Gulf News - The slowing US housing market was one of the reasons the Dubai developer missed analysts' second-quarter profit forecasts. That was before the crisis in US subprime mortgages -- loans made to less creditworthy individuals -- spilled into global ...
    2007-08-22 07:35:00
  • Fitch places 235 US subprime transactions under analysis

    Forbes - The 2006 US subprime RMBS transactions are primarily backed by pools of first-lien mortgages. On Aug 16, Fitch placed 12.1 bln usd of US second-lien RMBS on rating watch negative. TFN.newsdesk@thomson.com jro/jro COPYRIGHT Copyright AFX News Limited 2007
    2007-08-22 04:50:00
  • Home Foreclosures Almost Double in July as Rates Rise (Update3)

    Bloomberg - Georgia's rate jumped from eighth to second highest in the country with one filing for every 299 households. Defaults on subprime mortgages will continue driving up foreclosures through 2008, Sharga said, citing pending interest changes on ...
    2007-08-21 12:55:00
  • FDIC reports on banks, thrifts

    BusinessWeek - The Federal Deposit Insurance Corp. is set to report on federally insured institutions' second-quarter earnings at 10:30 a ... The federally insured and regulated banks and thrifts have not been big issuers of high-risk subprime mortgages -- targeted at ...
    2007-08-22 10:20:00