Mortgage and Financial News From 2008-3-3 Page 10

Previous Day: 2008-03-02

Return to the mortgage news archive home.

Page:  01 2 3 4 5 6 7 8 9 10 11 12 13 14 15
 16 17 18 19 20 21 - 40

• Reuters Business Summary (Reuters via Yahoo! Singapore News)

  GM, Ford Feb auto sales fall double digits
  2008-03-03 03:04:21

• When is the best time to lock in a rate? (Reno Gazette-Journal)

  Mortgage interest rates have been rising a bit over the past few weeks, but remain at very favorable levels. Although the Federal Reserve has decreased short-term rates several times over the past months, long-term mortgage rates have not gone down as much as you might expect. It's hard to predict where long-term rates will go. It is an excellent time to purchase a home or refinance your ...
  2008-03-03 03:07:41

• Stocks Fall on Economic Readings

  Forbes - Jumbo mortgage lender Thornburg Mortgage Inc. said Monday it could go out of business because more of its financial backers are demanding additional collateral or repayment on the loans they made. The mortgage lender's shares fell $5.20, or 58 ...
  2008-03-03 12:34:00

• Stocks cut losses after choppy session

  CNN Money - Thornburg Mortgage ( TMA ) saw its shares plunge 58% after the mortgage lender said it received more margin calls, which force borrowers to repay loans or put up more collateral to secure them, as the value of its mortgage backed securities deteriorates
  2008-03-03 01:10:00

• New recession worry: Bank failures

  CNN Money - The banks most at risk for failure are generally smaller ones, not the huge global banks hit by billions in writedowns from subprime mortgage problems. Smaller banks are big players in the business of construction loans made to homebuilders - loans ...
  2008-03-03 12:20:00

• Gov’t to Freeze Public Utility Charges

  Donga.com - In order to encourage conglomerates’ corporate investment, which, in turn, will lead to job creation, the government is set to abolish the current limit on cross-shareholding by June and freeze rates on mortgage loans provided by the National ...
  2008-03-03 09:57:00

• UPDATE 4-Thornburg Mortgage plunges on bankruptcy worry

  Forbes - NEW YORK (Reuters) - Thornburg Mortgage Inc (nyse: TMAPRC - news - people ) said on Monday it has failed to ... Margin calls force borrowers to pay back loans or post more collateral. Shares of Thornburg fell $5.26, or 59 percent, to $3 ...
  2008-03-03 12:20:00

• Asset-Backed, Commercial-Mortgage Spreads Met `Ebola' (Update2)

  Bloomberg - Deerfield said last week that some banks have stopped lending against mortgage securities -- even the bonds backed by non-subprime loans that the company owned -- while other lenders have ``significantly'' increased collateral demands.
  2008-03-03 10:18:00

• Fed tells banks to report mortgage restructurings under HOPE NOW ...

  Forbes - WASHINGTON (Thomson Financial) - The Federal Reserve wants the banks it supervises to report their progress in modifying or refinancing subprime loans under consistent standards and recommended the HOPE NOW alliance's reporting requirements. 'This ...
  2008-03-03 12:34:00

• Margin calls endanger Thornburg Mortgage

  New Mexico Business Weekly - For all its difficulties, Thornburg continues to boast excellent credit quality on its mortgage loans, and President and CEO Larry Goldstone laid much of the company's troubles at the feet of current accounting rules.
  2008-03-03 01:24:00

• Debt Doom?

  Forbes - Thornburg specializes in making large, adjustable-rate mortgage loans, presumably to wealthy borrowers who are at low risk of default. The company said Monday it had not realized any credit losses on its mortgage securities backed by this collateral ...
  2008-03-03 01:53:00

• Countrywide may face more credit woes

  Reuters South Africa - In its annual filing with the Securities and Exchange Commission, released on Friday, Countrywide said rising monthly payments on adjustable-rate mortgage loans, also known as ARMs, could also prompt a rise in delinquencies.
  2008-03-03 01:10:00

• Fannie, Freddie to Overhaul Appraisals in Cuomo Deal (Update3)

  Bloomberg - Banks so far have recorded more than $180 billion in writedowns on securities linked to home loans. Inflated appraisals undermine the mortgage-backed securities market because bonds and derivatives based on artificially high home valuations don't ...
  2008-03-03 01:10:00

• Fitch Affirms 10 & Downgrades 4 Classes from 2 GSAMP Trusts

  Forbes - The underlying collateral of series 2005-SD1 and 2005-SD2 consist of performing, sub-performing and re-performing first or second lien, fixed or adjustable-rate mortgage loans secured by residential properties or manufactured homes.
  2008-03-03 01:17:00

• Hope Now: We've helped 1M home owners

  CNN Money - It has reworked more than 1 million mortgage loans since July, the coalition reported on Monday. And those number are growing quickly. "Hope Now's progress is accelerating," said Treasury Secretary Henry Paulson, in a speech before the National ...
  2008-03-03 10:25:00

Page:  01 2 3 4 5 6 7 8 9 10 11 12 13 14 15
 16 17 18 19 20 21 - 40