Mortgage and Financial News From 2007-8-31 Page 7
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Bush backs help for those in mortgage crunch (Baltimore Sun)
Assistance would give broader access to federally backed mortgage insurance President Bush outlined steps today designed to help homeowners who can no longer afford their mortgages as adjustable interest rates rise, a problem that has been sending shock waves through international financial markets.
2007-08-31 04:06:11 -
Fact Sheet: New Steps To Help Homeowners Avoid Foreclosure
Forbes - Questionable underwriting standards enabled mortgage lenders to place some borrowers in sophisticated products they could not afford. The Federal banking regulators recently set forth new guidelines to address lending standards, and they will ...
2007-08-31 04:07:00 -
Subprime auto lenders are confident, analysts aren't
Reuters - In recent weeks, shares of U.S. subprime auto lenders have been hammered as investors link them with the meltdown in the subprime mortgage industry. "It's guilt by association," said Chris Choate, chief financial officer of AmeriCredit Corp (ACF.N ...
2007-08-31 05:54:00 -
CASH SQUEEZE CHOKES H&R BLOCK'S OPTION ONE
New York Post - In a market in which over 100 mortgage lenders have closed or merged out of existence, costing thousands of employees their jobs, H&R Block's Option One unit has suffered more than most. Corporate filings indicate that the unit has booked more than ...
2007-08-31 02:05:00 -
Obama Takes Aim at Sub-Prime Lenders
WETM 18 - U.S. Democratic presidential hopeful Sen. Barack Obama of Illinois said he would fine sub-prime mortgage lenders to bail out a myriad of foreclosures. Writing in Wednesday's Financial Times, Obama cited figures from the Center for Responsive Politics ...
2007-08-31 11:56:00 -
This Is Not A Bailout
Forbes - Other measures of his plan include encouraging transparency between mortgage lenders and borrowers, and a program to help the private sector work with government-sponsored mortgage buyers Fannie Mae (nyse: FNM - news - people ) and ...
2007-08-31 04:43:00 -
Bush Offers Measures to Help Ease Mortgage Crisis
Washington Post - President Bush today unveiled a series of measures intended to help ease a wave of mortgage defaults, but he ruled out any federal bailout for lenders or for homeowners who bought properties they could not afford. In a brief speech in the White House ...
2007-08-31 04:28:00 -
Lone Star wants lower price to buy Accredited Home Lenders
Houston Chronicle - DALLAS — Private equity firm Lone Star Fund V LP wants to pay a lower price for mortgage company Accredited Home Lenders Holding Co., the latest in a string of buyouts that are in trouble or being renegotiated. In exchange for the reduced price ...
2007-08-31 04:43:00 -
Bush to offer relief in mortgage crisis
Minneapolis Star Tribune - ... is not seeking to expand the ability of Freddie and Fannie to offer more federally guaranteed loans, despite calls from some in Congress to do so. Bush will also ask Congress to change the tax laws, temporarily, to make it easier for mortgage lenders ...
2007-08-31 02:19:00 -
Analyse Competitor Dynamics in the Australian Mortgage Market ...
Forbes - However, slower growth in the mortgage market forced these lenders to target other customer groups. - Another issue of concern in both the low-doc and non-conforming mortgage markets is the short loan-life. This report discusses four methods of ...
2007-08-31 04:43:00 -
Bush backs help for those in mortgage crunch
Newsday - Outlining his plan during a Rose Garden address, Bush took pains to explain that his administration's proposal should not be considered a "bail out" of homeowners who recklessly extended themselves or mortgage lenders who peddled products that left ...
2007-08-31 04:57:00 -
Premarket Movers: Mortgage lenders gain
Boston Globe - NEW YORK -- Mortgage lenders got a boost in premarket trading Friday as investors anticipated positive comments in separate speeches by President Bush and Federal Reserve Chairman Ben Bernanke. Bush is expected to offer federal help to distressed ...
2007-08-31 01:15:00 -
Chicago Law Firm Launches Advisory Group to Assist Banks and Mortgage ...
Forbes - The Chicago law firm of Arnstein & Lehr, LLP announced today the launch of a practice group to assist banks and mortgage lenders facing demands to repurchase defaulted mortgages. Konstantinos (Dino) Armiros, a partner with Arnstein & Lehr and also ...
2007-08-31 04:35:00 -
Out of the Gate: Mortgage Lenders Surge
CNBC - NEW YORK - Shares of mortgage lenders leaped at the opening bell Friday after comments from Federal Reserve Chairman Ben Bernanke suggested the Fed may lower interest rates, and President Bush was expected to outline plans to help borrowers ...
2007-08-31 02:41:00 -
Lone Star wants lower price to buy Accredited Home Lenders (KTRE-TV East Texas)
DALLAS (AP) - Dallas-based buyout firm Lone Star Fund wants to pay a lower price for mortgage company Accredited Home Lenders Holding Company. In exchange for the reduced price, Lone Star is offering to let Accredited seek other buyers.
2007-08-31 05:50:30
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