Mortgage and Financial News From 2007-8-22 Page 19

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  • Home loans cut off at the passkey (The Record)

    Some New Jersey home buyers and mortgage-refinance customers became victims of the subprime and alternative mortgage meltdown before they even got their loans.
    2007-08-22 06:43:36

  • David Leonhardt: Pushing Fed to act early if not often

    International Herald Tribune - ... 2005, toward the end of his all-day Senate confirmation hearing, when Senator Paul Sarbanes brought up the mortgage ... And specifically, does the drastic increase in the use of risky financing schemes, including interest-only and even negative ...
    2007-08-22 05:40:00

  • Early mortgage payoff isn't always a bad idea

    Baltimore Sun - ... the mortgage interest ... Only Frances and her husband can decide what's right for them. California financial planner Phil Cook argues that Frances should put her emotions aside and look at the numbers. The interest rate on the couple's mortgage is 5.33 ...
    2007-08-21 07:15:00

  • Asian stock markets mixed as traders mull chances for fed funds cut

    Forbes - ... Korea rebounding from recent lows on hopes the Federal Reserve will cut interest ... have been roiled in recent weeks by the crisis that began in the subprime mortgage ... News and its third party content providers for your personal information only ...
    2007-08-22 05:05:00

  • Credit Crunch Moves Beyond Mortgages

    Wall Street Journal - In addition, he took out an interest-only mortgage this past spring through a local broker to buy a new home. His mortgage was originally offered through American Home Mortgage Investment Corp., which recently shut down its lending operations and was ...
    2007-08-22 12:25:00

  • Subprime Profiteers Go Belly Up

    BusinessWeek - ... Michael Strauss , founder and chief executive officer of American Home Mortgage ( AHMI ... Strauss isn't the only executive smarting from the credit crunch. A slew of ... buy their dream homes and will now lose them as they're swamped by rising interest ...
    2007-08-22 06:02:00

  • FOCUS Credit ratings face credibility gap, inquiries in wake of sub ...

    Forbes - While the phrase 'safe as houses,' traditionally did apply to mortgage debt, the innovations such as no-documentation, 100 pct-financing and interest-only loans weren't the same kind of collateral that traditionally backed mortgage debt securities. ...
    2007-08-21 05:45:00

  • Rising rates on biggest mortgages

    Baltimore Sun - ... mortgage, and he expected an interest ... Mortgage Bankers Association says about 11 percent of loan applications in Maryland are for jumbo mortgages. Only seven states and the District of Columbia have higher shares. The recent rise in jumbo interest ...
    2007-08-22 07:13:00

  • Running Right Back to the Bank

    Washington Post - Indeed, only a short time ago, some were ready to write off the old-fashioned banking business completely. In ... their money from home, transferring funds by computer and using the Internet to find the best deal on a mortgage or the highest interest ...
    2007-08-22 04:43:00

  • Amendment - Fitch Maintains ASC 1995-MDIV Watch Evolving on Class B-1 ...

    Forbes - ... Rating Watch Evolving designation of the following class of Asset Securitization Corp.'s commercial mortgage pass-through certificates, series 1995-MD IV: -- $54.2 million class B-1 at 'A+. The following class is affirmed: -- Interest only class ...
    2007-08-21 02:31:00

  • Insult to injury

    Newsday - The agency will then tax it and maybe even tack on interest and penalties. Say you have a $250,000 mortgage. The bank forecloses and then sells your ... Those two caveats - a reasonable amount and only on a primary residence - should prevent most ...
    2007-08-22 07:13:00

  • Carlyle Rescues Mortgage Fund

    Wall Street Journal - ... turmoil, putting up $100 million to meet margin calls on a European mortgage investment affiliate with $22.7 billion in assets. ... THE FULL WSJ.com ARTICLE IS ONLY AVAILABLE TO SUBSCRIBERS. • ...
    2007-08-22 01:44:00

  • Mortgage firm laying off 541 by end of year

    AZCentral.com - The parent company is still on track for record profits this year, Dorris said, noting the mortgage operation contributed only about 10 ... Amid rising default anxiety, Alt-A loans are getting harder to obtain, with higher interest rates and tighter ...
    2007-08-22 07:13:00

  • Fitch Affirms BACM 2006-3 (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch affirms Banc of America Commercial Mortgage Inc., Series 2006-3 as follows: $34.1 million class A-1 at 'AAA'; $43.5 million class A-2 at 'AAA'; $60 million class A-3 at 'AAA'; $1,010.7 million class A-4 at 'AAA'; $218.8 million class A-1A at 'AAA'; $196.5 million class A-M at 'AAA'; $152.3 million class A-J at 'AAA'; Interest-only class XW at 'AAA'; $41.8 million class B at ...
    2007-08-21 08:06:00

  • Market woes alone not grounds for cut: Fed's Lacker (Reuters via Yahoo! News)

    Market turmoil only warrants a change in interest rates by the U.S. central bank if it affects the outlook for inflation or growth, Richmond Federal Reserve Bank President Jeffrey Lacker said on Tuesday.
    2007-08-21 08:08:33

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