Mortgage and Financial News From 2007-8-30 Page 21
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Report cites ways to fix foreclosures
Canton Repository - Provide options for homeowners to refinance or restructure their mortgages, including income tax forgiveness on loan readjustments and fixed-rate financing for those seeking to refinance their mortgage. • Improve homeowner access to information and ...
2007-08-29 07:27:00 -
Fed's Bernanke tells key senator central bank is ready to act if ...
Forbes - ... products which are appropriate for low-and moderate-income borrowers, including those seeking to refinance.' Such new mortgage ... The content on this site, including news, quotes, data and other information, is provided by AFX News and its third ...
2007-08-29 09:10:00 -
Fitch Rates CMSI $632MM REMIC P-T Ctfs Series 2007-7 (Business Wire via Yahoo! Finance)
NEW YORK----Fitch rates Citicorp Mortgage Securities, Inc.'s REMIC pass-through certificates, series 2007-7 as follows: $613,504,597 classes IA-1, IA-2, IA-IO, IIA 1, IIA-IO, IIIA-1, IIIA-IO and A-PO 'AAA'; $10,468,000 class B-1 'AA'; $3,807,000 class B-2 'A'; $1,586,000 class B-3 'BBB'; $2,537,000 class B-4 'BB'; $952,000 class B-5 'B'.
2007-08-29 08:46:00 -
Mortgage applications fall 4.2%; fewer homebuyers seeking ARMs (Providence Business News)
“IF RATES GO UP and credit gets tighter, that is going to lead to a drop in demand on top of what we have already seen,†said economist Abiel Reinhart. This weekend, Les Viragh, left, and Jim Allen carry a box spring out of Viragh's house in Grandview Heights, Ohio.
2007-08-29 07:30:36 -
Bernanke calls on industry to help borrowers
Newsday - The government needs to get involved to prompt lenders to extend credit to troubled borrowers, said Michael McHugh, chief executive of Continental Home Loans, a Melville-based mortgage banker. "We have a contraction of products now," he said. More ...
2007-08-29 11:26:00 -
Jumbo mortgage troubles push ARM rates higher
Reuters - Fixed 15-year mortgage rates averaged 6.10 percent, down from 6.20 percent the previous week. The data includes both "conforming" and jumbo loans, with interest rates on 30-year fixed-rate mortgages up only 0.9 percentage point from three months ...
2007-08-29 11:26:00 -
A Mortgage Is for Paying Off
Washington Post - They are so willing to believe that the way to prosperity is by signing up for these exotic loans and never paying off the principal on their mortgage. For the average homeowner, such advice is reckless. The recklessness is disguised in a market of ...
2007-08-30 03:01:00 -
Fitch Rates CMSI $632MM REMIC P-T Ctfs Series 2007-7
Forbes - As of the cut-off date, Aug. 1, 2007, the mortgage pool consists of 1,074 conventional, fully amortizing, 10-30 year fixed-rate mortgage loans secured by first liens on one- to four-family residential properties with an aggregate principal balance of ...
2007-08-29 08:48:00 -
Bankrupt American Home to sell $1.62 bln mortgages
Boston Globe - NEW YORK (Reuters) - Bankrupt home loan provider American Home Mortgage Investment Corp said on Wednesday a federal bankruptcy judge has authorized the auction by two affiliates of 5,700 mortgage loans with an unpaid principal balance of ...
2007-08-29 10:29:00 -
FG moves to peg interest on mortgage loans at 6 %
Vanguard - The Minister of Environment, Housing and Urban Development, Mrs Halima Alao, says the federal government is working towards pegging the interest rate on mortgage loans at six per cent. Alao, who stated this on Monday in Lagos at a public lecture on ...
2007-08-30 12:23:00 -
Ginnie Mae acts to enable more low-cost mortgage financing for ...
CNBC - That means Ginnie Mae will accept as collateral mortgage loans exceeding $417,000 that are guaranteed by Veterans Affairs. Those VA-backed loans represent about a third of the securities issued by Ginnie Mae, which is part of the Department of ...
2007-08-30 12:37:00 -
Fewer Buyers Seeking Home Loans (The Tampa Tribune)
Mortgage applications in the United States declined to a four-week low as the rate on one-year adjustable loans jumped by the most since the Mortgage Bankers Association began keeping records in 1996.
2007-08-30 01:44:30 -
Schumer Urges Countrywide to Help Refinance Loans (Update1) (Bloomberg.com)
Aug. 29 (Bloomberg) -- U.S. Senator Charles Schumer asked Countrywide Financial Corp. to waive prepayment penalties, help refinance loans and take other steps to help homeowners struggling to make mortgage payments on subprime loans.
2007-08-29 07:40:34 -
U.S. MBA's Mortgage Applications Index Dropped 4% (Update4) (Bloomberg.com)
Aug. 29 (Bloomberg) -- The interest rate charged for one- year adjustable loans jumped last week by the most since the Mortgage Bankers Association began keeping records in 1996.
2007-08-29 08:55:54 -
American Home Mortgage Investment Reveals Bankruptcy Court Approval Of Sale Process For Certain Loans - Quick Facts (Nasdaq)
(RTTNews) - American Home Mortgage Investment Corp. (AHMIQ.PK) announced that the U.S. Bankruptcy Court for the District of Delaware has approved sale procedures for certain loans owned by Broadhollow Funding, LLC and Melville Funding, LLC, both affiliates of American Home.
2007-08-29 10:31:42