Mortgage and Financial News From 2007-12-15 Page 13

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  • Are you at risk? Take the Mortgage Reality Check

    Pocono Record - The test, called the Mortgage Reality Check, was developed by the Consumer Credit Counseling Service of Northeastern ... Immediate advice or assistance recommended 2. Review the responsibilities of homeownership 3. No apparent risk For those who ...
    2007-12-14 09:26:00
  • Losing the mortgage gamble

    Orange County Register - To those old enough to remember an old television show, we could paraphrase the Coffman's mortgage mess as "there are a ... The responsible advice from lenders to the Coffmans and other debt junkies should have been "no" we will not lend you any ...
    2007-12-15 02:55:00
  • Iraq vet ensnared in mortgage mess (Seattle Post-Intelligencer)

    Sgt. Marcus Barton and his family bought into the American dream when he was on leave from Iraq. But ballooning mortgage payments may mean Barton may have to give up his house and his dream.
    2007-12-14 07:25:33
  • UPDATE 2-INTERVIEW-Basel delay helping US banks now-FDIC's Bair

    Forbes - WASHINGTON (Reuters) - Big U.S. banks are in a better position to weather the subprime mortgage meltdown with reserves bolstered by a delay in implementing new international capital standards, Federal Deposit Insurance Corp Chairman Sheila Bair said ...
    2007-12-14 03:13:00
  • News Minute: Utility crews hampered...Pakistan crackdown ends...Five ...

    WDAM-TV - The Latest in House and Home House & Home Main Today's Mortgage Rates In the Know Movie Listings Personal Finance This Week in Money Money Home For Small Businesses Credit and Debt Insurance Center Real ... Associated Press - December 15, 2007 6:13 AM ET OKLAHOMA ...
    2007-12-15 12:39:00
  • PMI Wraps Up a Year of Giving

    Forbes - Through its wholly and partially owned subsidiaries, PMI offers residential mortgage insurance and credit enhancement products, financial guaranty insurance, and financial guaranty reinsurance. PMI has operations in Asia, Australia and New Zealand ...
    2007-12-14 11:39:00
  • Corporate Social Responsibility

    CSR Wire - Genworth is a leading financial security company meeting the retirement, longevity and lifestyle protection, investment and mortgage insurance needs of more than 15 million customers, with a presence in more than 25 countries. For more information ...
    2007-12-14 10:30:00
  • Hey, IRS may owe you a tax return

    Modesto Bee - The 2007 tax year offers a new deduction, for mortgage insurance premiums. Don't confuse this with homeowner's insurance to protect against fire or theft. Instead, this is insurance that protects a lender against financial loss if a homeowner ...
    2007-12-15 03:09:00
  • Bank of America named top mortgage originator (Triangle Business Journal)

    Bank of America ranks as the top retail mortgage originator in the United States for the first nine months of 2007, according to a survey by the Inside Mortgage Finance newsletter. (WB) (BAC)
    2007-12-14 10:48:40
  • Senate passes bill aimed at helping homeowners caught in mortgage crisis (Daily Journal)

    WASHINGTON (AP) — The Senate moved against the worsening mortgage crisis Friday, voting to make it easier for thousands of homeowners with ballooning interest rates to refinance into federally insured loans.
    2007-12-15 03:38:54
  • Bernanke-Fed proposing earlier lender disclosure

    Reuters - WASHINGTON, Dec 14 (Reuters) - The Federal Reserve will propose that mortgage lenders be required to make earlier disclosures to consumers, Chairman Ben Bernanke told a lawmaker in a letter on Friday. "The board will propose changes to the Truth in ...
    2007-12-14 03:06:00
  • Rate-freeze test graded on a reverse curve

    St. Petersburg Times - The rate freeze and loan modification program, announced Dec. 6 at the White House, is a voluntary, nongovernmental effort by major lenders, mortgage servicers and bond investors to provide alternatives to foreclosure for homeowners facing ...
    2007-12-15 02:48:00
  • Mortgage banks set to face tougher market conditions (Financial Times)

    Next year mortgage lenders such as Bradford & Bingley and Alliance & Leicester are expected to face a much tougher mortgage market. First, the housing market is slowing.
    2007-12-14 10:48:34
  • High interest rates fail to scar India Inc’s H1 show

    Economic Times - The manufacturing sector, which has significant dependence on debt and is more vulnerable to interest rate movement, has improved its interest coverage from 10.1 to 10.8. However, on disaggregated basis, textiles and auto sector have seen a ...
    2007-12-15 12:32:00
  • Banks 'prey on customers in debt'

    BBC UK News - Banks though say interest rate charges are up to them. The BBC's Breakfast programme has discovered some customers who have an agreed debt repayment plan with a debt advice charity are being put under pressure to take out loans, sometimes at a ...
    2007-12-14 11:27:00