Mortgage and Financial News From 2008-1-28 Page 9

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• The Old Order Changeth - The Weekly Standard

  The Old Order ChangethThe Weekly Standard - 41 minutes agoWe have probably seen the last of NINJA loans--no income, no job, no assets. More fundamentally, for better or worse it will be far beyond any length ...
  2008-01-28 09:02:02

• Switching our mortgage saved €100 per month - Irish Independent

  Switching our mortgage saved €100 per monthIrish Independent, Ireland - 41 minutes agoThey wanted to reduce their monthly outgoings and get some extra cash to pay off car loans. Although paying for car loans on a mortgage is not recommended ...
  2008-01-28 09:02:04

• Real Estate Recovery - Epoch Times

  Real Estate RecoveryEpoch Times, NY - 32 minutes ago... who face unaffordable mortgage payments as a result of resetting adjustable subprime loans and [to] help bring stability to local markets and economies. ...
  2008-01-28 09:10:55

• First Reliance Announces Year-End Net Income - HULIQ

  First Reliance Announces Year-End Net IncomeHULIQ, NC - 29 minutes agoLoans increased 32.4% to $462.9 million, funded primarily by growth in deposits. Deposits increased to $449.5 million, up 20.5% from $372.9 million reported ...
  2008-01-28 09:14:07

• Economic Stimulus - TruthNews.com

  Economic StimulusTruthNews.com - 25 minutes agoThe last major component of the agreement allows more subprime mortgage holders to refinance into federally-backed loans by increasing the conforming limit ...
  2008-01-28 09:18:40

• Housing: Florida's Primary Concern - BusinessWeek

  Housing: Florida's Primary ConcernBusinessWeek - 20 minutes agoEconomy.com's Lafakis points out Florida's delinquency rate in the fourth quarter was 5.76% of all mortgage loans. That compares with a national rate of ...
  2008-01-28 09:23:43

• The Cassandra of Credit Derivatives - BusinessWeek

  The Cassandra of Credit DerivativesBusinessWeek - 20 minutes agoThey push products on unsuitable borrowers in order to generate commissions and fees, and then package the loans into securities that will generate fees for ...
  2008-01-28 09:23:44

• US blacks see 'financial apartheid' in subprime crisis - Infoshop News

  US blacks see 'financial apartheid' in subprime crisisInfoshop News - 13 minutes agoThe storm triggered by risky "subprime" loans has left many in ruins, forced out of their modest homes and furious at falling victim to financial dealings ...
  2008-01-28 09:30:47

• While UN Discloses Deputy's Tobacco Rents, Others Officials Thumb ... - Inner City Press

  While UN Discloses Deputy's Tobacco Rents, Others Officials Thumb ...Inner City Press, NY - 11 minutes agoASG Robert Orr has his mortgage with Citigroup, and mutual funds with Vanguard. World Food Program chief Josette Sheeran Shiner has her mutual funds with ...
  2008-01-28 09:31:58

• Homeless economics - Washington Times

  Homeless economicsWashington Times, DC - 10 minutes agoThe first is the subprime mortgage crisis, a product of greed and stupidity. People bought houses they couldn't afford. Lending institutions made loans to ...
  2008-01-28 09:32:55

• Jumbo loans spell relief - Washington Times

  Jumbo loans spell reliefWashington Times, DC - 4 minutes agoThe two enterprises constitute the primary market for about 70 percent of new mortgage loans. The credit contraction caused new home sales to plunge by 41 ...
  2008-01-28 09:39:41

• 29-01-2008: AMMB 3Q net profit doublesto RM198m - The Edge Daily

  29-01-2008: AMMB 3Q net profit doublesto RM198mThe Edge Daily, Malaysia - 2 minutes agoThis was followed by loans for purchase of homes, which rose RM220.2 million, or 2.0%, despite increased competition in the mortgage sector to account for ...
  2008-01-28 09:41:43

• US economic turmoil spawns spectre of global recession - Business Report

  US economic turmoil spawns spectre of global recessionBusiness Report, South Africa - 1 minute agoThe meltdown of the US subprime-mortgage market has pushed up credit costs worldwide and forced European and Asian banks to write down billions of dollars ...
  2008-01-28 09:42:09

• Paul Atkins, one of the five commissioners at US regulator the Securities and Exchange Commission, said he expects ... (eFinancial News)

  Paul Atkins, one of the five commissioners at US regulator the Securities and Exchange Commission, said he expects hedge funds to help solve the market turmoil surrounding sub-prime US mortgage loans.
  2008-01-28 09:06:08

• Real Estate Recovery (The Epoch Times)

  Lately, the national news has been reporting on irresponsible subprime lenders and the negative impact they have had on the U.S. housing market.There have been many stories about the victims of ...
  2008-01-28 09:13:56

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