Mortgage and Financial News From 2008-2-26 Page 8

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  • Bush vows veto of foreclosure prevention bill (USA Today)

    The White House promised on Tuesday to veto a bill seeking to follow up the recent economic stimulus package with several proposals to shore up the struggling housing market and reduce foreclosures.
    2008-02-26 04:48:23

  • Directory of Resident Screening and Payment Software Providers (Multi-Housing News)

    Providers of resident screening and payment software provide important tools for the multi-housing industry. Compiled by Multi-Housing News, this directory is designed to simplify the selection process, inviting each provider to share their product's performance edge and its key features.
    2008-02-26 05:16:49

  • Cape-Fort Myers foreclosures rate highest in the nation (Naples Daily News)

    The Cape Coral-Fort Myers area had the highest rate of foreclosures in the nation in January, a mortgage research firm said. Charlie Green, the Lee County Clerk of Courts isn’t surprised by the new distinction. Green is having to request an additional $500,000 dollars in funding just to process the onslaught.
    2008-02-26 05:03:00

  • Australian Bank Bill Yields Hit Fresh 13-Year High (Nasdaq)

    SYDNEY -(Dow Jones)- Australian bank bill yields continued to climb Wednesday, hitting a new 13-year high, raising the prospect retail banks may again hike mortgage rates independent of any further monetary policy tightening by the Reserve Bank of Australia.
    2008-02-26 05:42:28

  • Struggling banks a long term bet

    News.com.au - Use as an example the US sub-prime mortgage fiasco and see how its tentacles have reached our highly ... fallen further) after its revelation this week that it had made a $200 million write-down to cover a credit protection transaction gone bad ...
    2008-02-22 03:59:00

  • Economy Anyone?

    OpEdNews.com - Remember the so-called "sub-prime" mortgage crisis, with the efforts to portray it as lenders giving mortgages to folks who had "bad" credit? This was spun (briefly before even this disappeared) as "those folks got what was coming to them.
    2008-02-25 07:13:00

  • Visa plans biggest-ever US listing

    Financial Times - Visa Inc, the world’s largest credit card network, said on Monday it hoped to ... All of these banks suffered heavy writedowns in the wake of subprime mortgage ... credit card issuers, such as American Express , which are exposed to rising bad ...
    2008-02-25 12:21:00

  • 5 All-Star Stocks on Fire

    Motley Fool - Well, when those are mortgage-backed lemons, apparently your best bet is Income ... To boot, the stock is currently yielding nearly 7% -- not bad when 10-year ... Meaning that they are backed by the full faith and credit of the US.
    2008-02-26 01:24:00

  • Congress Struggles With Miami Valley Foreclosure Fiasco

    WHIO TV - The bill calls for $200 million in funds for mortgage counselors nationwide. ... Consumer Credit Counseling Service of the Miami Valley, Dayton Urban Ministry ... We're effectively rewarding the bad behavior of lenders and some borrowers.
    2008-02-26 12:41:00

  • Mortgage Marketing Newsletters

    Colleyville Courier - No Credit, Bad Credit, No Problem. Call To Find Great Loan Rates. http://www.FutureFinancialService.com/ Mortgage Newsletter All You Want To Know About mortgage newsletter Is Here.
    2008-02-25 06:02:00

  • Citigroup lobbied on mortgages, loans

    CNBC - Last month, Citigroup said bad bets on mortgage-backed bond instruments contributed to a record loss of nearly $10 billion in the fourth quarter of 2007. Credit market turmoil started last summer with rising defaults among risky mortgage loans, and ...
    2008-02-24 03:57:00

  • Bank profits plunge 84 percent in 4Q

    Boston Globe - ... fourth quarter as institutions set aside a record-high amount to cover losses from bad ... took large write-downs in the value of their assets to reflect losses on mortgage-related investments. "Weakness in the housing sector and the credit squeeze in ...
    2008-02-26 02:00:00

  • TowerGroup Predicts Continued Growth for Commercial and Small Business ...

    Forbes - NEEDHAM, Mass., Feb. 25 /PRNewswire/ -- Despite the subprime mortgage collapse in the United States and unrelenting wave of bad news from the consumer ... and small business lending sectors, the greatest impact of ongoing instability in the credit ...
    2008-02-25 06:37:00

  • No end in sight: Housing in freefall until credit loosens and supply ...

    San Diego Union-Tribune - ... fellow at the Center for American Progress. “It has gone way beyond subprime borrowers stretched too far with bad ... bottom,” said Mark Zandi, chief economist with Moody's Economy.com. “But also housing won't pick up again until mortgage credit ...
    2008-02-26 11:23:00

  • House mulls $15B mortgage bailout

    CNN Money - ... struggling borrowers avoid foreclosure, and financial markets avoid more credit ... Banks and investors who hold those mortgages - often in complex mortgage securities ... of the idea, saying it would reward investors and borrowers who made bad ...
    2008-02-26 03:47:00

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