Mortgage and Financial News From 2008-1-8 Page 6

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  • House prices set to decline despite small December rise

    The Independent - This is the first quarterly fall since the second quarter of 2000, and the biggest since the second quarter of 1995 ... was further confirmed by figures from the Council of Mortgage Lenders (CML) which showed that the number of new mortgages had ...
    2008-01-08 04:24:00

  • Bond funds offer wary investors shelter

    Miami Herald - The stumble in stocks that began in the second half of 2007 and continued into 2008 has sent many investors looking to the ... Faltering mortgages have made banks hesitant to hand out money for fear that exotic investments made up of bundled home loans ...
    2008-01-08 12:49:00

  • New Opening, Same Old Question

    Washington Post - No matter whether you view Gibbs as a success or a failure in his second term, you have to admit that he's an icon and a ... Especially given the way the team habitually mortgages draft picks and cap space. We're back to the same old questions, the ...
    2008-01-08 08:27:00

  • Countrywide Loses Most Since 1987 on Funding Concern (Update5)

    Bloomberg - That's made investors who buy mortgages reluctant to bid, and bankers have cut off credit lines to home lenders. Bank of America, the nation's second largest bank, invested $2 billion in Countrywide in August. The preferred shares it ...
    2008-01-08 01:32:00

  • Lenders ordered to pay

    Lake Sun Leader - KANSAS CITY, Mo. (AP) ' Three mortgage lenders have been ordered to pay $99 million in punitive damages to Missourians who claimed they were charged illegal fees for second mortgages. A Jackson County jury on Friday also assessed $5.1 million in ...
    2008-01-05 03:59:00

  • Lee’s Summit woman pleads guilty in bank fraud case

    Kansas City Star - ... have called the Miller operation a “fraudulent real estate machine” that encouraged homebuyers to move in before their loans were completed. At the loan closing, conspirators allegedly raised the sales prices and created second mortgages to cover ...
    2008-01-08 07:41:00

  • National Australia to Raise $3 Billion in Record U.S. Bond Sale

    Bloomberg - Jan. 8 (Bloomberg) -- National Australia Bank Ltd., the country's second-biggest provider of mortgages, plans to raise $3 billion in its biggest offering of dollar-denominated debt. The six-year extendible notes will begin to float at 21 basis points ...
    2008-01-08 12:56:00

  • City could sue other lenders for Fair Housing violations - Daily Record (subscription)

    City could sue other lenders for Fair Housing violationsDaily Record (subscription), MD - 4 hours agoAccording to the suit, Wells Fargo is the largest or second-largest provider of mortgage credit to homeowners in Baltimore since 2004. From 2004 to 2006, ...
    2008-01-08 04:27:09

  • Second hand home sales slipped in November - Food Consumer

    Second hand home sales slipped in NovemberFood Consumer, IL - 4 hours agoEconomists blamed the drop in sales of existing homes on tightened lending practices the mortgage bankers adopted after the collapse in subprime mortgages ...
    2008-01-08 04:33:15

  • Business Digest - Providence Journal

    Business DigestProvidence Journal, RI - 4 hours agoThe program is free and will not increase the interest customers pay on their mortgages, Rhode Island Housing said. It will send details of the program to ...
    2008-01-08 04:36:17

  • House prices set to decline despite small December rise - Independent

    House prices set to decline despite small December riseIndependent, UK - 4 hours agoThe housing market slowdown was further confirmed by figures from the Council of Mortgage Lenders (CML) which showed that the number of new mortgages had ...
    2008-01-08 04:37:38

  • AT&T Drops Most in 5 Years on Consumer `Softness' (Update3) - Bloomberg

    AT&T Drops Most in 5 Years on Consumer `Softness' (Update3)Bloomberg - 4 hours agoPersonal bankruptcy filings rose almost 40 percent last year as consumers failed to keep up with payments on their credit cards and mortgages for their ...
    2008-01-08 04:38:08

  • Yen May Gain for Second Day Versus Dollar, Euro as Stocks Fall - Bloomberg

    Yen May Gain for Second Day Versus Dollar, Euro as Stocks FallBloomberg - 3 hours agoThe yen has risen 13 percent in the past six months against the dollar as a deepening US housing slump and losses related to subprime mortgages have spread, ...
    2008-01-08 05:09:40

  • Extrication Time - New York Times

    Extrication TimeNew York Times, United States - 2 hours agoWhile he said that further write-downs from subprime residential mortgages were unlikely, he pointed out that Bear still had exposure to the worsening ...
    2008-01-08 06:46:31

  • Asian Stocks Fall on Mounting Concern US Economy Is Slowing - Bloomberg

    Asian Stocks Fall on Mounting Concern US Economy Is SlowingBloomberg - 1 hour agoNational Australia Bank, the country's second-biggest provider of mortgages, slipped 1.4 percent to A$35.50. HSBC Holdings Plc, Europe's largest bank by ...
    2008-01-08 07:38:01

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