Mortgage and Financial News From 2008-1-27 Page 15

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• Mirror, Mirror: Taking a chance on luxe

  Philadelphia Daily News - Gas prices escalated, mortgage loans collapsed. Consumers everywhere tightened their grip on their wallets as the R-word - recession - reentered the country's vocabulary. All that, coupled with poor womenswear sales during fall and a lackluster ...
  2008-01-27 06:22:00

• Mortgage analysis firm to cooperate in NY subprime probe

  Boston Globe - In its statement, Clayton said that it has already handed over its reports on mortgage loans that were bundled and sold to investors as mortgage-backed securities. "We have also been asked about loans that had exceptions to lenders/seller ...
  2008-01-25 03:57:00

• Finch lobbies for help to homeowers

  MSNBC - ... Bridgeport Mayor Bill Finch made the rounds of Capitol Hill last week, urging Connecticut lawmakers to do all they can to protect homeowners in his city from the nation's exploding mortgage crisis. "There are almost 6,000 subprime loans in Bridgeport ...
  2008-01-27 12:27:00

• Clayton Cooperates in Wall Street Subprime Probe (Update1)

  Bloomberg - We have complied with a subpoena to produce due diligence reports on various pools of loans that we had reviewed for issuers of mortgage-backed securities,'' Clayton Chief Executive Officer Frank Filipps said in an e-mailed statement. ...
  2008-01-27 01:24:00

• Know About Home Mortgage Disclosure Acts

  Best Syndication - Currently the lending institutions, both nondepository and depository, that prove at least $25 million worth of mortgage loans in a year are required to report these information. The number of institutions required to report for HMDA have increased ...
  2008-01-27 02:21:00

• Pay Heed to What Realtors Don't Say in Their Latest Pitch - AdAge.com (subscription)

  Pay Heed to What Realtors Don't Say in Their Latest PitchAdAge.com (subscription) - 2 hours ago1) The mortgage-interest deduction, tax-policy heir to the century-old general-interest deduction, serendipitously became social policy and the single ...
  2008-01-27 03:25:28

• KAMCO to tap US debt markets - Yonhap News

  KAMCO to tap US debt marketsYonhap News, South Korea - 2 hours ago... mortgage lenders and investment banks and visit the banks run by ethnic Koreans in Los Angeles to discuss ways of purchasing their bad loans, it said. ...
  2008-01-27 03:30:23

• Shinsei One-Stop-Shop Recalls JC Flowers to Restore Profits - Bloomberg

  Shinsei One-Stop-Shop Recalls JC Flowers to Restore ProfitsBloomberg - 1 hour agoBank branches featuring comfortable meeting spaces, wireless access and monitors with mortgage and currency exchange rates are common. ...
  2008-01-27 03:33:33

• Sorry, first-time buyers, but the threshold's even higher - Independent

  Sorry, first-time buyers, but the threshold's even higherIndependent, UK - 1 hour ago... mortgage is becoming strongly discouraged among lenders." Those first-timers who are willing to swallow such increases on 100 per cent-plus loans to ...
  2008-01-27 03:36:32

• 100% mortgages more difficult to get - Thrifty Scot (press release)

  100% mortgages more difficult to getThrifty Scot (press release), UK - 1 hour ago... and in addition to this many lenders have also raised their LTVs, demanding at least a 10% deposit on a mortgage loan instead of the traditional 5%. ...
  2008-01-27 04:11:48

• UPDATE 1-Mortgage analysis firm to cooperate in NY probe - Reuters

  UPDATE 1-Mortgage analysis firm to cooperate in NY probeReuters - 1 hour agoInvestment houses may decide to accept or reject a due-diligence company's opinion on the quality of mortgage loans. The company said it was served ...
  2008-01-27 04:23:07

• Financial News: Banks Have Billions In Exposure To Monolines - CNNMoney.com

  Financial News: Banks Have Billions In Exposure To MonolinesCNNMoney.com - 1 hour ago... uncollateralised exposures to AAA counterparties, part of which is with monoline bond insurers that have been weakened by the sub-prime mortgage crisis. ...
  2008-01-27 04:26:31

• African-Americans badly treated in mortgage crisis - Malaysia Sun

  African-Americans badly treated in mortgage crisisMalaysia Sun, Malaysia - 1 hour agoThe storm triggered by risky subprime loans has left many African-Americans in ruins, forced out of their modest homes and furious at falling victim to ...
  2008-01-27 04:30:52

• House Of Cards: The Mortgage Mess - CBS News

  House Of Cards: The Mortgage MessCBS News, NY - 54 minutes ago... for a standard mortgage. After a year of artificially low payments, the interest rates on subprime loans jumped all the way to ten or 11 percent.
  2008-01-27 04:38:24

• Japanese Stocks Drop on Concern Banks May Have More Losses - Bloomberg

  Japanese Stocks Drop on Concern Banks May Have More LossesBloomberg - 48 minutes ago25 after Dresdner Kleinwort said Fortis faces further losses this year on mortgage-backed securities and home-equity loans. Separately, China's economic ...
  2008-01-27 04:44:26

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