Mortgage and Financial News From 2007-8-27 Page 9

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  • Indian Stocks Rise Most in Six Months; World's Biggest Mover

    Bloomberg - Housing Development Finance Corp., the country's largest mortgage lender, added 64.75 rupees, or 3.4 percent, to 1,973.35. ICICI Bank Ltd., the country's second-largest lender, gained 49.5 rupees, or 5.9 percent, to 883.75. The nation's ...
    2007-08-27 02:46:00
  • Furniture company sues for restitution from American Home Mortgage

    Newsday - ... furniture company that is helping to represent the more than 1,000 creditors owed money by the bankrupt American Home Mortgage ... wrote that Melville-based American Home bought almost $350,000 in office furniture in the 45 days prior to the lender's ...
    2007-08-27 02:46:00
  • Five Big Mistakes Mortgage Seekers Make

    FOX News - ... parts of the country, it's a good time for qualified buyers to shop around for a new home ... employment history, you're likely to appear less than stable in the eyes of a lender. It's particularly important to avoid job hopping while your mortgage ...
    2007-08-27 03:07:00
  • A Guide to Mortgage Shopping

    ABC News - First of all, know the difference between a mortgage broker and a mortgage lender. Mortgage brokers almost never use the word "broker" in their business names. In fact, they often use names like "XYZ Home Loans," which imply that they make home loans ...
    2007-08-27 12:30:00
  • Mortgage mess wipes out thousands of jobs (The Record)

    CHARLOTTE, N.C. -- At the North Carolina offices of mortgage lender HomeBanc Corp., Archie Clark is the only employee left. But in a few days, he'll be gone, too.
    2007-08-27 01:05:15
  • Furniture company sues for restitution from American Home Mortgage (Newsday)

    Waldner's Home Environments Inc., a Farmingdale-based office furniture company that is helping to represent the more than 1,000 creditors owed money by the bankrupt American Home Mortgage Investment Corp., last week filed a separate lawsuit to recapture some of its losses.
    2007-08-27 03:16:38
  • Wall Street hopes for smoother ride this week

    Buffalo News - A week ago, investors were going back and forth about how widespread the fallout would be from mortgage defaults and tighter overall credit, in part because the Fed had weighed in and didn’t seem alarmed. Investors will still be trying to calculate ...
    2007-08-20 10:51:00
  • Bruce Williams column

    Reading Eagle - Calculate what your needs are while you’re employed and while you are going toward retirement. How much money does it take ... She has a house, but still owes somewhere between $20,000 and $30,000 on the mortgage at 9.75 percent. Because she already ...
    2007-08-27 05:34:00
  • Editor's comment

    Daily Telegraph - Providers also use several methods to calculate the final level of an index. They do not necessarily use the closing level on ... There has been a great deal of fuss over mortgage exit fees, which have been steadily rising over the past two to three ...
    2007-08-27 11:25:00
  • Editor's comment (Daily Telegraph)

    Don't miscalculate the price of safety, writes Paul Farrow.
    2007-08-27 11:50:51
  • Q&A: Get out of debt and a grip on your credit

    Green Bay Press-Gazette - Having a credit card balance isn't bad as long as you do it the right way. Make more than the minimum payment each month and continue ... are used by a lender to determine your interest rate, the amount of your down payment and the variety of mortgage ...
    2007-08-27 11:54:00
  • Bailing out of mortgages

    Cincinnati Enquirer - ... as investment banks try to erase any connection with loans to borrowers with weak credit. ... as fair-weather friends, active when things are good and abandoned when times are bad,” said Guy Cecala, publisher of trade publication Inside Mortgage ...
    2007-08-27 09:31:00
  • Trichet awaited after stricken German bank sold

    MSN UK News - ... German bank holed by the U.S. subprime mortgage crisis was sold. Key speeches from Trichet and Federal Reserve Chairman Ben Bernanke top and tail what could be a crucial week for a global credit squeeze ... it is and if he thinks there will be more bad ...
    2007-08-27 12:01:00
  • Exclusive: Credit market has pros confused

    USA Today - And 68% didn't have a handle on credit default swaps — which investment giant ... they are complicated, doesn't mean that the innovations in finance are bad. But ... The majority of NABE members said recent, tighter federal mortgage rules — such as ...
    2007-08-27 03:40:00
  • Banks don't want you worrying about security

    Dallas Morning News - The credit crisis sparked by the imploding subprime mortgage market has caused financial institutions and mortgage lenders affiliated with banks or ... The bad thing about being specialized is if a bad thing really hits your market, it's more ...
    2007-08-27 12:22:00