Mortgage Wire
Comprehensive News Feed for Mortgage.
Results 1 - 20 of 61,127 in Mortgage
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Used-car dealer gives credit-hurt customers hope
... The day Congress voted against the first bailout package. 'The day before, you could get yourself a toxic mortgage and a subprime auto loan,' he said. 'The day after, nobody was doing any consumer lending whatsoever.' He has spent ... Comment?
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Lawyer disbarred for stealing money from clients
... Botsford, Boyce's firm was hired to handle a real estate transaction in 2004. Part of the firm's role was to make mortgage payments on the property using client funds until the closing. After the sale, the mortgage company was owed $224,900. Boyce ... Comment?
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Farmer Mac Reports Third Quarter GAAP Earnings of $18 Million
The Federal Agricultural Mortgage Corporation today reported continued progress during third quarter 2009, as the Corporation showed strong GAAP earnings for the third straight quarter, improved its risk bearing capacity and strengthened its balance sheet. Comment?
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Minsheng, Sands plan floats in HK
... in China fuels gaming and loan demand. This quarter may be the busiest for Hong Kong IPOs since the US subprime-mortgage market collapse triggered a global stocks rout in 2007. "There will be ample demand for these IPOs, with Asia projected to ... Comment?
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Insurance losses lead to 3Q loss at MBIA
... bond insurer with a third-quarter loss after two straight quarters of profits. Higher losses on MBIA's coverage of mortgage-related securities and complex investments known as derivatives overwhelmed investment income and premiums collected on its ... Comment?
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Economic forecasts in bank tests miss their mark
... to stay afloat. The only bank that failed to raise the required capital was GMAC, which is weighed down by bad mortgage loans but provides financing to auto dealers and buyers. Regulators had said GMAC needed to raise an additional $11.5 billion. ... Comment?
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Fannie Mae tax credit decision could cost $5.2 bln
... because the company cannot sell $5.2 billion in tax credits. The Treasury Department last week blocked the mortgage giant from selling about $2.6 billion in low-income housing tax credits to investors that included Goldman Sachs Group Inc. Because ... Comment?
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Ceremony honors 20th anniversary of the fall of the Berlin Wall
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... the Dahli Lama, no use bringing up human rights violations thingy. He's probably just going to apply for a second mortgage from China. But we'll send Hillary Clinton instead, which is fine since she has bigger cahones than the commander in chief. ... Comment?
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Jobless: 10 percent tougher now than then
... overseas as the economy improves. Schenk, who is drawing unemployment aid, has managed to stay up-to-date on his mortgage and credit card payments, but at a significant cost to his financial future. "I'm burning through my savings," he says. "And ... Comment?
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Real Estate Outlook: Pending Sales Rise
... price index rose by 3.7 percent on a national average basis between September 26th and October 28th. Meanwhile, mortgage rates got even a little better last week, according to the Mortgage Bankers Association. Average 30-year fixed rates slipped ... Comment?
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With home-buying tax credit extended, it's a good time to move up
... security. That's what's holding move-up buyers back, said Teresa Rutherford, branch manager of Wells Fargo Home Mortgage for the Peninsula. "Fear that they're not going to sell their house. Fear that they're not going to qualify for a loan, because ... Comment?
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NY governor tries to rally support for deficit reduction plan
... funds. Paterson repeatedly used stark language to describe the gravity of the state's economic health. "I will mortgage my political career on this plan," Paterson told lawmakers as he warned that New York was rapidly running out of cash to meet its ... Comment?
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Mortgage market cools as rate rise spooks
The mortgage market contracted in October after buyers were spooked by the first increase in interest rates in 19 months, according to a survey. Comment?
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LI home closing prices dropping at slower pace
... before the federal first-time home buyers' tax credit was initially set to expire on Nov. 30. The tax credit, low mortgage rates and more affordable prices drove the number of contracts past the 3,000 mark, to 3,061 in October, the report said. That ... Comment?
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FOX 5 Special: I-Team VA Loans
A FOX 5 I-Team investigation uncovered allegations of a nationwide scheme by banks and mortgage companies to defraud U.S. military veterans. Comment?
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Virus' Installing Porn On Compu...
... Fiola and his wife fought the case, spending $250,000 on legal fees. They liquidated their savings, took a second mortgage and sold their car. An inspection for his defense revealed the laptop was severely infected. It was programmed to visit as ... Comment?
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Lone Star lowers fees of some funds: report
Real-estate private-equity giant Lone Star Funds LS.UL is cutting some of its fees as it tries to raise $20 billion to buy pools of troubled mortgages and other kinds of distressed debt, the Wall Street Journal reported on its website on Tuesday. Comment?
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... for automatic bill paying directly with the parties sending the bills, such as your utility, credit-card, phone and mortgage companies. 17. FREE KIDS' MEALS Yes, there is such a thing as a free lunch -- or dinner. Kids eat free at Denny's, Lone Star ... Comment?
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Millions in the United States lack access to affordable, adequate housing - " UN
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... 'Millions of people in the U.S. are spending high percentages of their income to make their monthly rent and mortgage payment, face foreclosure or eviction, and live in overcrowded and substandard conditions,' said Raquel Rolnik, the UN Special ... Comment?
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Matz urges a better deal for CU National victims
Nov. 10, 2009 - NCUA Chairman Debbie Matz yesterday urged Federal Housing Finance Agency Acting Director Ed DeMarco to work with NCUA in improving a Fannie Mae settlement offer to credit unions defrauded by the enterprise's approved lender, CU National/U.S. Mortgage Corporation. Comment?
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