Mortgage and Financial News From 2008-1-17 Page 16

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• Islamic home ownership a reality (despite SST)

  Scoop - ABOUT – Global Home Loans Limited is an independent mortgage lender and has been in business since August 2000 specialising in all types of mortgage lending. With clients right around New Zealand and overseas the company has enjoyed strong support ...
  2008-01-17 01:29:00

• UPDATE 1-GMAC says ResCap mortgage unit will meet covenants

  Reuters - ResCap is the second-largest independent U.S. mortgage lender, after Countrywide Financial Corp (CFC.N: Quote , Profile , Research ... rising defaults and tighter credit markets as the U.S. housing crisis deepened, and stopped making many riskier home ...
  2008-01-17 03:23:00

• Moody's downgrades Indymac's credit

  Boston Globe - NEW YORK— Moody's Investors Service cut Indymac Bancorp's credit rating deeper into "junk" territory Thursday, saying the mortgage lender's business is struggling and its portfolio of home loans is in trouble. Moody's cut Indymac's credit rating to ...
  2008-01-17 11:34:00

• Richmond mayor joins call for foreclosure moratorium - San Jose Mercury News

  Richmond mayor joins call for foreclosure moratoriumSan Jose Mercury News,  USA - 4 hours ago... a six-month moratorium on home foreclosures by subprime mortgage lenders, saying she will bring a similar measure before the Richmond City Council. ...
  2008-01-17 03:25:47

• Washington Mutual Posts Q4 Loss On Charge, Higher Provisioning ... - RTT News

  Washington Mutual Posts Q4 Loss On Charge, Higher Provisioning ...RTT News, NY - 4 hours agoDuring the fourth quarter, the company resized its Home Loans business due to its expectation that national mortgage originations would shrink to $1.5 ...
  2008-01-17 03:39:53

• Mortgage crisis has cities in ruin - Scotsman

  Mortgage crisis has cities in ruinScotsman, United Kingdom - 3 hours agoThe trade group, which conducted a survey of companies that collect payments for more than 60 per cent of outstanding US home loans, said mortgage lenders ...
  2008-01-17 04:04:42

• Is a recession a serious risk -- or is it mostly in Wall Street’s ... - Today's Zaman

  Is a recession a serious risk -- or is it mostly in Wall Street’s ...Today's Zaman, Turkey - 3 hours agoFor example, 30-year mortgage rates have dropped below 6 percent to the lowest level in more than two years, a boon for many people hoping to take advantage ...
  2008-01-17 04:04:54

• Australia Asset Bond Sales May Plunge 47%, Fitch Says (Update1) - Bloomberg

  Australia Asset Bond Sales May Plunge 47%, Fitch Says (Update1)Bloomberg - 3 hours agoBluestone Group Ltd., a non-bank lender to borrowers who don't meet banks' loan rules, was the last to sell Australian mortgage-backed debt, ...
  2008-01-17 04:38:09

• Fannie, Freddie seen as white knights? - Marketplace

  Fannie, Freddie seen as white knights?Marketplace, CA - 3 hours agoJILL BARSHAY: Mortgage lenders have been stingy about issuing home loans since credit tightened back in August. The Bush Administration wants Fannie Mae and ...
  2008-01-17 04:39:26

• Appraiser Names WaMu in Lawsuit - Wall Street Journal

  Appraiser Names WaMu in LawsuitWall Street Journal - 2 hours agoAppraisers are often hired by mortgage brokers or by employees of the lender, whose incomes are based at least partly on the number of loans they get ...
  2008-01-17 05:14:47

• Bay Area home sales fall to 20-year low - San Francisco Chronicle

  Bay Area home sales fall to 20-year lowSan Francisco Chronicle,  USA - 1 hour agoThe pricey Bay Area is still reeling from lenders' tighter standards for "jumbo" mortgages - those over $417000. The difficulty and expense of getting such ...
  2008-01-17 06:23:05

• Incorporators of failed bank effort ‘foreclose’ on rmer leader - Barnstable Patriot

  Incorporators of failed bank effort ‘foreclose’ on rmer leaderBarnstable Patriot, MA - 1 hour agoHyannis Mortgage was not a loan-writing operation, Instead, it played matchmaker for people seeking loans and lenders, taking a fee and percentage for the ...
  2008-01-17 06:25:01

• Countrywide urging refinance into marketable - China Post

  Countrywide urging refinance into marketableChina Post, Taiwan - 48 minutes agoIt also shows how the subprime meltdown has transformed the mortgage industry. Lenders once found eager Wall Street buyers and other private investors for ...
  2008-01-17 06:51:12

• Foreclosures Outnumbered Other Fixes - Washington Post

  Foreclosures Outnumbered Other FixesWashington Post, United States - 44 minutes agoBy Renae Merle At a time when mortgage lenders were touting efforts to help homeowners avoid foreclosure, delinquent borrowers were almost twice as likely ...
  2008-01-17 06:55:22

• Pocketbook fears push to the forefront - USA Today

  Pocketbook fears push to the forefrontUSA Today - 11 minutes agoBanks are writing off hundreds of billions of dollars in bad loans — and US lenders are being bailed out by foreign governments. ...
  2008-01-17 07:29:06

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