Mortgage and Financial News From 2007-8-26 Page 16
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Ads scrutinized as mortgage biz struggles
United Press International - Consumer advocates warn advertising can steer borrowers toward increasingly risky loans that offer easy payments early on but balloon sharply down the road. Internet advertising alone by mortgage companies reached $378 million in the first half of ...
2007-08-25 03:17:00 -
Banks turn backs on mortgage industry (San Jose Mercury News)
For the mortgage industry, Wall Street's big investment banks might seem like one of those friends who disappear when the going gets tough.
2007-08-25 08:56:38 -
How to negotiate a mortgage modification (The Charlotte Observer)
If you are having a hard time making your monthly mortgage payments, head off the trouble quickly by reaching out to your lender rather than hiding from the situation. Make sure to know the state of your finances before contacting your lender, said Ray Hooper, the education and housing director at credit counseling service CCCS of Greater Dallas. Determine how much income you're bringing in each ...
2007-08-25 04:24:17 -
How to Negotiate a Mortgage Modification (San Francisco Chronicle)
If you are having a hard time making your monthly mortgage payments, head off the trouble quickly by reaching out to your lender rather than hiding from the situation. Make sure to know the state of your finances before contacting your lender, said Ray...
2007-08-25 05:37:41 -
Wachovia Sues Mortgage Specialist Firm in Dispute Over Collateral (New York Times)
Wachovia is suing Thornburg Mortgage for failing to return collateral used in a derivatives transaction.
2007-08-25 04:11:49 -
Credit Card Users Pay for Mortgage Woes (ABC News)
Fear from the nation's mortgage problems is leading to higher rates for some.
2007-08-25 05:32:17 -
How to Negotiate a Mortgage Modification (Washington Post)
-- If you are having a hard time making your monthly mortgage payments, head off the trouble quickly by reaching out to your lender rather than hiding from the situation.
2007-08-25 04:20:15 -
Moody`s, S&P face more EU scrutiny on mortgage bonds (Business Standard India)
European Union regulators extended an examination of credit rating companies' role in helping create "structured finance'' instruments such as the subprime-mortgage bonds that are roiling debt markets.
2007-08-25 06:50:01 -
Facing a layoff? Here’s some advice
Providence Journal - WASHINGTON — Capital One’s ubiquitous advertising campaign — “What’s in your wallet?†— has taken on a different and jarring meaning for hundreds of workers in its mortgage banking unit. That’s because in the coming months, many ...
2007-08-25 03:06:00 -
Advice by Kenneth Harney
Arizona Daily Star - WASHINGTON — To add to mortgage-meltdown miseries, the credit panic, plunging home sales and rising foreclosures, here's a new worry: a proposed cutoff of mortgage-interest tax deductions for all houses with more than 3,000 square feet. One of ...
2007-08-25 06:56:00 -
Facing a layoff? Here’s some advice (The Providence Journal)
WASHINGTON — Capital One’s ubiquitous advertising campaign — “What’s in your wallet?†— has taken on a different and jarring meaning for hundreds of workers in its mortgage banking unit.
2007-08-25 03:45:53 -
Advice by Kenneth Harney (Arizona Daily Star)
WASHINGTON — To add to mortgage-meltdown miseries, the credit panic, plunging home sales and rising foreclosures, here's a new worry: a proposed cutoff of mortgage-interest tax deductions for all houses with more than 3,000 square feet.
2007-08-25 07:07:58