Mortgage and Financial News From 2008-3-15 Page 7
Previous Day: 2008-03-14
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Feds Propose Home-Loan Disclosure Reform
Forbes - About 12.5 million Americans buy or refinance a home each year. HUD's proposed revision to the 34-year-old Real Estate Settlement Procedures Act would mandate a federal disclosure form to be given to consumers who refinance a mortgage or borrow to ...
2008-03-14 01:35:00 -
Central banks move to ease credit crunch
Globe and Mail - ... worth of liquidity in a synchronized bid to help alleviate an ongoing global credit ... pledged to accept a wider range of securities as collateral, including some mortgage ... A string of bad economic and corporate news last week in the United States ...
2008-03-10 05:58:00 -
Portfolio Picks
South China Morning Post - The Mortgage Bankers Association reported that delinquency rates for home loans ... The third wave of the credit crisis occurred last week, with several financial ... I believe that soaring food prices were mainly caused by the bad winter, which ...
2008-03-15 01:56:00 -
US stocks rise after volatile day
BBC Business - However, the good news that lifted shares towards the end of the day came from credit rating agency Standard & Poor's, which said the end was in sight for bad mortgage debt write-downs.
2008-03-13 02:20:00 -
Analysts fear intervention may augur more bailouts
Taipei Times - ... it sets a bad precedent at a time when other investment banks could wind up in similar trouble owing to bad mortgage ... As the mortgage and credit crises have deepened, murmurs of government intervention to back up distressed financial companies ...
2008-03-15 11:18:00 -
Mortgage-backed securities sink Carlyle Capital
USA Today - ... creditors to seize all of the fund's remaining assets — investment-grade mortgage ... Since the beginning of the credit crunch, Carlyle Group has extended loans to ... and you bear the consequences but you certainly don't throw good money after bad ...
2008-03-13 08:57:00 -
ANALYSIS-US mortgage broker, lender plan too little too late
Forbes - ... proposal, however, provides no relief to banks and investors currently overloaded with bad mortgages and loans backed by those loans. With home mortgage ... of the market" by stiffening lending practices even further and choking off access to credit ...
2008-03-13 02:20:00 -
Bear Stearns: the banking twister heading your way
Times Online - This is beyond [the sub-prime mortgage disaster].” Credit Suisse estimates that banks could lose up to $125 billion in so-called Alt-A ... The situation is bad and getting worse,” he said in a speech in Florida. “There’s no doubt that this year ...
2008-03-15 02:03:00 -
Mortgage fraud up in New York
Newsday - ... the loan industry, Paulson called for companies to set aside more capital reserves against bad investments and enhancing in-house ways to assess risks. Outside credit risk assessment agencies have been criticized for giving safe ratings to mortgage ...
2008-03-13 01:37:00 -
Fed's innovative - or hazardous - strategy
San Francisco Gate - In an unprecedented move, the Fed pumped credit into JPMorgan Chase & Co., one of ... the Fed considered the emergency loan a gutsy move that could help stop the mortgage ... the Fed intervention only delays this day of reckoning and encourages future bad ...
2008-03-15 12:30:00 -
Ben Bernanke in dilemma over bank bail-out
Times Online - ... in other credit markets . . . defaults in the US markets are spreading to higher quality segments of the US mortgage market and to credit ... Paulson is eager to avoid lest it creates moral hazard, economists’ jargon for encouraging a repeat of bad ...
2008-03-15 02:10:00 -
White House Unveils Plan to Overhaul Credit Rules
NPR News - That way, companies like Citigroup will be less likely to become immersed in bad mortgage debt the way they are now. And the report said the credit-rating agencies that decide whether these risky securities are safe to buy need to be much more ...
2008-03-13 04:50:00 -
Caution: Crumbling Wall Street earnings ahead
CNN Money - It's becoming pretty obvious the writedowns will be bad, and not just in subprime, but across the credit markets," Compton said. The largest underwriter of mortgage-backed bonds, Lehman has already taken steps to streamline its operations, saying ...
2008-03-15 10:28:00 -
The next shoe to drop in housing
CNN Money - NEW YORK (CNNMoney.com) -- The credit crunch has finally hit the traditional mortgage market. ... This bad news comes as Congress, in an effort to stimulate lending in higher-cost areas ...
2008-03-15 01:49:00 -
New US rules for credit markets
BBC Business - US financial chiefs have put forward a series of new regulations to prevent a repeat of the continuing credit crunch and bad mortgage debt woes. US Treasury Secretary Henry Paulson said the changes were aimed at restoring investor confidence. Among ...
2008-03-13 01:15:00