Mortgage and Financial News From 2008-2-15 Page 57

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  • Banks `At Risk' of Another $120 Billion in Writedowns, Says UBS

    Bloomberg - HSBC Plc, Europe's largest lender, Bank of America Corp., the biggest U.S. bank by market value, and UniCredit SpA, Italy's ... Monolines, highly rated by credit agencies, could lose their AAA ratings because mortgage-backed securities they've insured ...
    2008-02-15 01:13:00
  • 30-day reprieve on foreclosures a Band-Aid the mortgage crisis needs - Sun-Sentinel.com

    30-day reprieve on foreclosures a Band-Aid the mortgage crisis needsSun-Sentinel.com, FL - 2 hours agoSix of America's largest home lenders agreed this week to offer 30-day reprieves to struggling homeowners. The effort means lenders will temporarily stop ...
    2008-02-15 12:12:48
  • Is it best to keep or close credit cards? GOOD QUESTION - Allentown Morning Call

    Is it best to keep or close credit cards? GOOD QUESTIONAllentown Morning Call, PA - 2 hours agoPaying your bills on time, ultimately, will boost your standing with lenders. If you're in the market for a mortgage or other type of loan, you might want ...
    2008-02-15 12:12:50
  • Real estate tower proposed at 2nd and Virginia - Seattle Times

    Real estate tower proposed at 2nd and VirginiaSeattle Times, United States - 2 hours ago... once-booming housing market tanked and a nationwide credit crisis forced mortgage lenders to scale back so-called jumbo mortgages that exceed $417000. ...
    2008-02-15 12:20:12
  • Thursday, 14 February - ic Wales

    Thursday, 14 Februaryic Wales, United Kingdom - 2 hours agoBanks were the main losers in London, as Swiss giant UBS confirmed full-year losses of £2bn and mortgage lender Bradford & Bingley s poor results on ...
    2008-02-15 12:38:39
  • Mortgage crisis spreads beyond subprime loans - Express Estates

    Mortgage crisis spreads beyond subprime loansExpress Estates, India - 2 hours agoThe credit crisis is no longer just a subprime mortgage problem. As home prices fall and banks tighten lending standards, people with good, or prime, ...
    2008-02-15 12:39:58
  • Fewer homes are bought by first-timers - Journal Live

    Fewer homes are bought by first-timersJournal Live, UK - 2 hours agoFigures released by the Council of Mortgage Lenders (CML) show only 16900 new buyers in the region entered the market in 2007. During the national recession ...
    2008-02-15 12:39:59
  • More risk losing home as bills bite - Northamptonshire Evening Telegraph

    More risk losing home as bills biteNorthamptonshire Evening Telegraph, UK - 2 hours ago"It has now called on mortgage lenders and the Financial Services Authority to set up a free advice line. Shelter chief executive Adam Sampson said: "A free ...
    2008-02-15 12:59:01
  • Buy-to-let property value grows £69.5 billion a year but does it ... - Fair Investment Company

    Buy-to-let property value grows £69.5 billion a year but does it ...Fair Investment Company, UK - 2 hours agoSteven Crawshaw, chief executive of Bradford and Bingley, said that mortgage lenders are "going to want more profit margin and more equity from the buyer", ...
    2008-02-15 01:05:48
  • Administration must get serious about mortgage relief - Bend Weekly

    Administration must get serious about mortgage reliefBend Weekly, OR - 1 hour agoNot only are first-mortgage defaults going up, 5.7 percent of home equity lines and 7.1 percent of auto loans were in trouble at the end of 2007, ...
    2008-02-15 01:12:08
  • Foreclosed homes causing blight need to be dealt with - The Desert Sun

    Foreclosed homes causing blight need to be dealt withThe Desert Sun, CA - 1 hour agoCity officials in Cathedral City and Rancho Mirage say they already have a good mechanism in place to go after mortgage lenders and make them take care of ...
    2008-02-15 01:24:49
  • From bad to 'worst' for valley home sales - San Jose Mercury News

    From bad to 'worst' for valley home salesSan Jose Mercury News,  USA - 1 hour agoAbramowitz said she had to present skittish lenders with evidence that home prices in her chosen neighborhood were not depreciating - in fact, ...
    2008-02-15 01:35:16
  • Bleak mood permeates 2008 builders' show - Sarasota Herald-Tribune

    Bleak mood permeates 2008 builders' showSarasota Herald-Tribune, FL - 1 hour agoLenders have returned to the tougher lending standards of the mid-1990s, said Frank Nothaft of Freddie Mac. Good credit is a must, with a minimum FICO score ...
    2008-02-15 01:40:02
  • Leaders consider ethics of payday loans - Staunton News Leader

    Leaders consider ethics of payday loansStaunton News Leader, VA - 1 hour agoCollins said the Bible makes clear the difference between charging reasonable, manageable interest, such as with a home mortgage or student loan, ...
    2008-02-15 01:50:51
  • Fed chair won't say economy in recession - The Courier News

    Fed chair won't say economy in recessionThe Courier News, IL - 53 minutes agoHe said the weaker labor market along with recent declines in stock prices and declining home prices were likely to be a drag on consumer confidence going ...
    2008-02-15 02:13:39