Mortgage and Financial News From 2008-1-16 Page 18

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• Jeremy Warner's Outlook: Disaster as Rock nationalisation looms

  The Independent - ... in-chief of Northern Rock, is going to sack workers in Labour strongholds in the manner demanded by the Rock's straitened circumstances, or indeed that he will unsentimentally evict people from their homes in the same way as other mortgage lenders as ...
  2008-01-16 04:43:00

• Dimon May Be Hunting

  Wall Street Journal - Taking advantage of the free fall at many mortgage lenders, J.P. Morgan has boosted its share of the U.S. mortgage market to about 11% from 6% six months ago, according to Michael Cavanagh, the New York bank's chief financial officer. But the real ...
  2008-01-16 06:23:00

• Daugherty sentenced in mortgage fraud scheme

  MSN MoneyCentral - Louis, was ordered to pay $576,390 to 21 different banks and mortgage companies. Daugherty pleaded guilty in September 2007 to defrauding lenders of more than $500,000 and laundering the proceeds of the plot through a local credit union. According to ...
  2008-01-16 02:13:00

• Bankrate: Mortgage Rates Post Largest 3 Week Decline in 20 Years

  Forbes - According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.36 discount and origination points. (Logo: http://www.newscom.com/cgi-bin/prnh/20040122/FLTHLOGO ) The average 15-year fixed ...
  2008-01-16 02:41:00

• Stumping for wife, Bill Clinton says mortgage crisis needs fix

  Inside Bay Area - there are "very few villains" to blame in this crisis, as the road to this particular hell was paved mostly with the good intentions of buyers who wanted to own homes and mortgage lenders who thought property values would continue to rise while ...
  2008-01-16 03:24:00

• Fieldstone Seeks to Pay $1M in Bonuses

  Forbes - Fieldstone filed for bankruptcy in November as the collapse of the subprime-mortgage market and the general credit crunch that followed tipped dozens of mortgage lenders into bankruptcy. In August, Fieldstone stopped making new loans and laid off the ...
  2008-01-16 01:37:00

• US subprime lenders targeted blacks, poor: report

  China Economic Net - US mortgage lenders targeted minorities and people with low incomes in recent years as the "best candidates" for subprime home loans, with devastating economic consequences, a report claimed Tuesday. A "For Sale" sign hangs in front of a townhouse in ...
  2008-01-16 04:57:00

• Cleveland Rocked

  BusinessWeek - The City of Cleveland’s lawsuit from last Friday, filed against twenty big mortgage lenders and investment banks reveals some startling stats about the mortgage crisis and the havoc big financial houses are wreaking in communities across the ...
  2008-01-16 02:41:00

• Talking mortgage crisis - Seattle Post Intelligencer

  Talking mortgage crisisSeattle Post Intelligencer - 2 hours agoLenders are doing a lot to help troubled borrowers, said Michaela Albon, senior vice president and general counsel for Seattle-based Washington Mutual. ...
  2008-01-16 04:39:30

• Jeremy Warner's Outlook: Disaster as Rock nationalisation looms - Independent

  Jeremy Warner's Outlook: Disaster as Rock nationalisation loomsIndependent, UK - 1 hour agoThe very idea of the Government as mortgage-lender is risible and unacceptable. Yet I fear my argument is going to fall on deaf ears. ...
  2008-01-16 04:55:32

• MU banking chair urges caution amid economic uncertainty - Columbia Business Times

  MU banking chair urges caution amid economic uncertaintyColumbia Business Times, MO - 1 hour agoThere also has been a huge increase in borrowing over the Internet and through specialized mortgage companies. Loans were issued by 357 different lenders in ...
  2008-01-16 05:04:38

• Building a relationship you can bank on - Columbia Business Times

  Building a relationship you can bank onColumbia Business Times, MO - 1 hour ago... credit scoring has taken much of the decision-making out of the hands of local lenders. Another huge factor is the current mortgage crisis. ...
  2008-01-16 05:04:38

• Bill Clinton touts wife's plan to address mortgage meltdown - San Diego Union Tribune

  Bill Clinton touts wife's plan to address mortgage meltdownSan Diego Union Tribune, United States - 1 hour agoClinton said even though mortgages were extended to people who could not afford them, he did not think irresponsible buyers and lenders were responsible for ...
  2008-01-16 05:08:29

• With doomsday unlikely, it may be buying time - MSN Money

  With doomsday unlikely, it may be buying timeMSN Money - 1 hour agoIn August, I felt pretty confident that my portfolio would do well in spite of the subprime situation because I didn’t own any of the subprime lenders. ...
  2008-01-16 05:09:14

• Hopes Grow For A Quick Stimulus Plan To Try To Boost Flagging US ... - CNNMoney.com

  Hopes Grow For A Quick Stimulus Plan To Try To Boost Flagging US ...CNNMoney.com - 1 hour ago... role to stem the fallout from the housing crisis by twisting the arms of mortgage lenders to provide broad-based relief to subprime borrowers. ...
  2008-01-16 05:13:10

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