Mortgage and Financial News From 2008-2-1 Page 5

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  • Bankruptcy Filings Highest In Tenn. (News Channel 5 Nashville)

    Tennessee had the nation's highest rate of bankruptcy filings per household. One in every 59 households filed for bankruptcy last year, more than double the U.S. average.
    2008-02-01 10:06:05
  • Q4 2007 National City Earnings Conference Call - Final

    Insurance News Net - In making these statements, we base them on presently available information and ... the National Home Equity business, the curtailment of non agency eligible mortgage ... The lack of liquidity in the marketplace to refinance for many of our borrowers has ...
    2008-02-01 03:27:00
  • Q4 2008 United Community Banks Earnings Conference Call - Final

    Insurance News Net - ... includes references to operating earnings and other non-GAAP financial information ... we saw $90 million in loan growth in the commercial and residential mortgage ... Currently $9.7 million of NPAs are under contract to sell or refinance, including ...
    2008-02-01 03:27:00
  • Bush cites 'troubling signs' in economy, says stimulus, housing moves ...

    Forbes - ... taken to mitigate the impact of the slowdown, including coordinating with mortgage originators to quickly work with struggling borrowers to see if they can refinance ... The content on this site, including news, quotes, data and other information, is ...
    2008-02-01 09:43:00
  • Fitch Places $139B U.S. Subprime RMBS On Watch Negative on Worsening Mortgage Performance (Business Wire via Yahoo! Finance)

    NEW YORK----With U.S. subprime mortgage performance deteriorating markedly over the last several months, Fitch Ratings has adjusted its subprime RMBS loss projections accordingly. Fitch attributes this deterioration to accelerating home price declines which are in part due to the dramatic contraction in the mortgage origination and securitization markets.
    2008-02-01 09:33:00
  • Job Losses Raise Recession Fears

    New York Times - Some analysts suggested that the federal funds rate could be reduced to 2 percent this year, putting downward pressure as it falls on mortgage and consumer loan rates. “The key story right now is whether fiscal stimulus and the Fed’s interest rate ...
    2008-02-01 08:06:00
  • Capstead Mortgage Corporation Announces Closing of Public Offering of ...

    Forbes - ... changes in general economic conditions, the availability of suitable qualifying investments from both an investment return and regulatory perspective, the availability of new investment capital, fluctuations in interest rates and levels of mortgage ...
    2008-02-01 10:12:00
  • Hawaii mortgage rates creep upward

    MSN MoneyCentral - Mortgage rates at Hawaii's three largest banks rose to 5.375 percent this week after dipping below 5 percent last week. Hawaii's fourth-largest bank, Central Pacific HomeLoans, however, went lower on 30-year, fixed-rate mortgages by offering a rate ...
    2008-02-01 02:15:00
  • Proposed Industrial Land Use Policy Would Hamper Efforts to ... - LA Downtown News Online

    Proposed Industrial Land Use Policy Would Hamper Efforts to ...LA Downtown News Online, CA - 4 hours agoThe city could use the funds derived from the sale of increased density for infrastructure improvement or to create a mortgage subsidy fund for key city ...
    2008-02-01 04:40:15
  • Fitch expects banks to put up strong profit show in '08 - Economic Times

    Fitch expects banks to put up strong profit show in '08Economic Times, India - 4 hours agoHowever, some damage has been done to highly-leveraged borrowers and defaults are increasing on mortgage loans from 2% to perhaps 2.5% and delinquency rates ...
    2008-02-01 04:56:23
  • Elderly Couple Struggles with Mortgage Burden - LocalNews8.com

    Elderly Couple Struggles with Mortgage BurdenLocalNews8.com, ID - 3 hours agoHSBC can adjust any of their clients' interest rates during difficult times, and he said that he would see that the Penoyers would get the necessary help.
    2008-02-01 05:47:47
  • Job Losses Raise Recession Fears - New York Times

    Job Losses Raise Recession FearsNew York Times, United States - 1 hour agoSome analysts suggested that the federal funds rate could be reduced to 2 percent this year, putting downward pressure as it falls on mortgage and consumer ...
    2008-02-01 07:10:34
  • Hillary Clinton's Remarks at Ga. Baptist Convention - FOX Toledo

    Hillary Clinton's Remarks at Ga. Baptist ConventionFOX Toledo, OH - 1 hour agoNo one should take that away from you because of the subprime abusive practices that so many mortgage lenders engage in without any supervision or oversight ...
    2008-02-01 07:10:43
  • Jobs decline for the first time in almost five years - Kansas City Star

    Jobs decline for the first time in almost five yearsKansas City Star, MO - 52 minutes agoOn Thursday, Kansas City-based H&R Block announced hundreds of job cuts, some related to the company’s troubled venture into the subprime mortgage industry. ...
    2008-02-01 08:16:54
  • Cities consider going after lenders - Minneapolis Star Tribune (subscription)

    Cities consider going after lendersMinneapolis Star Tribune (subscription), MN - 50 minutes agoThat includes Council President Barbara Johnson, one of the Minneapolis City Council's most outspoken activists on mortgage fraud issues. ...
    2008-02-01 08:18:12