Mortgage and Financial News From 2008-7-10 Page 16

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  • Extending the mortgage-crash pain (Fortune via Yahoo! Finance)

    Mortgage debt backs a lot of the bad bonds that are wreaking balance-sheet havoc, and mortgage relief has been suggested as a cure - both for homeowners and Wall Street. But a closer look suggests that modifying homeowners' loans may simply be pushing losses into the future.
    2008-07-10 07:14:00

  • Bank of England Holds Firm Amid Rising Inflation (INO News)

    (RTTNews) - With growing number of recession warnings, the Bank of England held its key policy rate unchanged amid an inflation surge.
    2008-07-10 07:30:39

  • Mortgage approval made easy (Bankrate.com)

    Whether you're buying a home or refinancing an existing home loan, you'll soon find out that lenders today are a picky and demanding bunch when it comes to loan approvals. Even well-qualified borrowers are expected to jump through some pretty high hoops to qualify for financing.
    2008-07-10 03:57:14

  • Mortgage rates drop -- along with stocks and bonds (Bankrate.com)

    Mortgage rates fell this week as investors grew anxious about corporate earnings. As stock prices fell, bond yields declined, too -- and so did mortgage rates.
    2008-07-10 03:57:44

  • Stroud & Swindon launches exclusive broker product (Money Marketing Online)

    Stroud & Swindon Building Society has launched a three year fixed rate mortgage exclusively through intermediaries. ...
    2008-07-10 04:07:06

  • More than 600 Indiana mortgage brokerages could lose licenses (Palladium-Item)

    INDIANAPOLIS -- More than two-thirds of Indiana's mortgage brokerage companies could lose their licenses under a new state law and, in turn, cause headaches for some potential homebuyers.
    2008-07-10 04:10:23

  • Test does not protect buyers from lenders (Journal & Courier)

    Politicians love to tell their constituents that a new law will prevent this or that, while claiming to strike a blow for the average person on the street.
    2008-07-10 05:38:30

  • 'Extreme Makeover: Home Edition' Cincinnati Family to Receive Advice and Insurance from Sibcy Cline Insurance and The ... (PR Newswire via Yahoo! Finance)

    Sibcy Cline Insurance Services and The Hanover Insurance Group today announced that they will work together to provide insurance advice and one-year of homeowners insurance coverage to the Akers family of Cincinnati, which recently received the thrilling news that it will be granted a home makeover by "Extreme Makeover: Home Edition."
    2008-07-10 06:36:00

  • Fannie Mae, Freddie Mac lead financials lower in early trade (Market Watch)

    NEW YORK (MarketWatch) -- Shares of mortgage giants Fannie Mae and Freddie Mac each fell more than 15% in early trade Thursday, as the market remained skittish about the risks facing the government-sponsored companies.The Financial Select Sector SPDR [s:xlf], an ETF that tracks the financial stocks in the S&P 500, lost 0.3%, while the Amex Securities Broker/Dealer Index lost 0.6%. Shares of ...
    2008-07-10 07:02:34

  • Regulatory restructuring (Federal Reserve Board)

    Chairman Frank, Ranking Member Bachus, and other members of the Committee, I am pleased to be here today to discuss financial regulation and financial stability.
    2008-07-10 07:03:14

  • Senate Mulls Mortgage Package (Time Magazine)

    Hundreds of thousands of homeowners could get safe, cheaper loans rather than losing their homes under a massive election-year mortgage rescue going through Congress
    2008-07-10 06:51:01

  • Consumer Understanding of Credit Scores Improves but Remains Poor (Business Wire via Yahoo! Finance)

    WASHINGTON----Although consumer understanding of credit scores has improved over the past year, it remains poor, according to the latest credit score survey commissioned by the Consumer Federation of America and Washington Mutual Bank .
    2008-07-10 07:00:00

  • June Foreclosure Rates Leap 53 Percent (KCTV 5 Kansas City)

    Home foreclosure rates increase by 53 percent in June.
    2008-07-10 07:01:01

  • Home foreclosures down in Kentucky (Lexington Herald-Leader)

    Home foreclosure filings declined nearly 2 percent in Kentucky and 3 percent nationwide in June, RealtyTrac said Thursday. As a result, Kentucky improved to 39th from 38th among the states in the California firm's monthly national rankings of the states, from highest percentage of foreclosures to lowest. Compared with June 2007, Kentucky foreclosures were down 9.2 percent last month, ...
    2008-07-10 07:02:27

  • N.C. home foreclosures drop 8.5% (WRAL.com Raleigh)

    Home foreclosures in North Carolina declined 8.5 percent in June from May’s total, but legal actions were 78 percent higher than last year, according to statistics released Thursday.
    2008-07-10 07:08:29

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