Mortgage and Financial News From 2008-6-5 Page 4
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U.S. Mortgage Delinquencies, Foreclosures at Record (Update1) - Bloomberg
June 5 (Bloomberg) -- The number of Americans in danger of losing their homes to foreclosure rose to the highest in at least three decades during the first quarter as borrowers who fell behind on payments were unable to sell their homes. New ...
2008-06-05 10:17:00 -
Boston Fed expands mortgage relief program - Boston Globe
Another 45 New England banks have joined an initiative to refinance local borrowers into more affordable loans. The Mortgage Relief Fund is a campaign coordinated by the Federal Reserve Bank of Boston that seeks to attract borrowers who could qualify ...
2008-06-05 11:57:00 -
Fitch downgrades MGIC on poor mortgage sector outlook - MSN MoneyCentral
Fitch Ratings, citing the "stressful mortgage environment," has downgraded its rating for MGIC Investment Corp.'s debt. MGIC Investment's (NYSE: MTG) ratings will remain on Fitch's "rating watch negative," where they were originally placed on Feb. 25 ...
2008-06-05 03:17:00 -
U.S. mortgage foreclosures hit record high - Guardian Unlimited
WASHINGTON, June 5 (Reuters) - U.S. home foreclosures and the rate of homes entering the foreclosure process rose to record highs in the first quarter with increases across many loan classes, the Mortgage Bankers Association said on Thursday. The ...
2008-06-05 11:00:00 -
Fixed mortgage rates expected to rise, extend housing slump (Milwaukee Journal Sentinel)
Rates for fixed mortgages, the loans used by nine out of 10 U.S. home buyers, are poised to rise and may extend a housing...
2008-06-05 03:47:40 -
(AFX UK Focus) 2008-06-05 23:30 More banks join New England mortgage relief effort (Interactive Investor)
BOSTON (AP) - The number of banks participating in a $125 million fund to refinance troubled mortgages and ease foreclosures across New England has grown from an initial five to more than 50.
2008-06-05 03:52:39 -
Property plunge: House prices are falling at fastest rate for 25 years (Evening Standard)
House prices are falling at their fastest rate since records began 25 years ago, a report revealed yesterday. The analysis by Halifax found that since the start of March, the average home has lost nearly £12,500 in value - almost £1,000 a week.
2008-06-05 03:53:11 -
Fed backs bank's Countrywide buy (BBC News)
Bank of America is free to take over the country's biggest mortgage lender, Countrywide Financial, the Federal Reserve says.
2008-06-05 03:53:30 -
GE Money Hires Citigroup, JPMorgan for Wizard Sale, People Say (Bloomberg.com)
June 6 (Bloomberg) -- General Electric Co. hired Citigroup Inc . and JPMorgan Chase & Co. to advise on the sale of its Wizard mortgage unit in Australia, said two people with knowledge of the decision.
2008-06-05 03:54:51 -
Former champ Holyfield's apparently having touch times financially (Minneapolis-St. Paul Star Tribune)
ATLANTA - Maybe now we know why former heavyweight champion Evander Holyfield wants to keep fighting at age 45. The "Real Deal" appears real broke.
2008-06-05 03:57:10 -
Bank of America wins approval to buy Countrywide (Sharewatch)
CHARLOTTE, N.C. (AP) - The Federal Reserve on Thursday approved Bank of America Corp.'s purchase of distressed mortgage lender Countrywide Financial Corp.
2008-06-05 03:57:48 -
High Risk Personal Loans: List of Requirements - Best Syndication
High risk personal loans have become increasingly popular the last few years due to the higher rate of bad credit applicants that require financing. Unfortunately not everybody knows what these loans are and what the requirements for approval are so ...
2008-06-05 01:16:00 -
Santa Maria house bought with no money down goes into foreclosure - Los Angeles Times
SANTA MARIA, CALIF. -- Two years ago, Patricia Prado worried that she would never be able to buy a house. Property values in this Central Coast farm town had been rising sharply, and Prado and her husband were burdened by $18,000 in debt from their ...
2008-06-05 12:44:00 -
Harleysville, East Penn banks celebrate homeownership month (Times News)
2008-06-04 03:13:35 -
Santa Maria house bought with no money down goes into foreclosure (Los Angeles Times)
2008-06-04 10:51:03