Mortgage and Financial News From 2007-8-26 Page 4
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North Jersey Media Group
NorthJersey.com - Lisa Meserole was two weeks away from closing on her new Hackensack condo when she got a shock: Her lender, American Home Mortgage, was not going to fund her loan -- or for that matter, any loans -- because the company was filing for bankruptcy. "You ...
2007-08-26 11:05:00 -
Fee traps set by rogue operators
News.com.au - NEARLY half of all new home loans are being organised through mortgage brokers, but in an unregulated industry there are several traps which have ... The fact is we get remunerated by the lender. "There are brokers out there charging the customer a fee ...
2007-08-26 04:06:00 -
Tips on how to negotiate a mortgage workout when a home buyer faces ...
San Diego Union-Tribune - 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 ...
2007-08-25 06:16:00 -
In foreclosure, lender should go on record
Los Angeles Daily News - Every time a home is foreclosed on, why not require the lender to make the original, and subsequent, mortgage applications part of the record? And then have someone from a regulatory agency, like the federal Office of Thrift Supervision ...
2007-08-26 06:14:00 -
Inside a mortgage lender's loan spree
International Herald Tribune - NEW YORK: On its way to becoming the largest mortgage lender in the United States, Countrywide Financial encouraged its sales force ... its entire $11.5 billion credit line from a consortium of banks because it could no longer sell or borrow against home ...
2007-08-26 04:06:00 -
Inside a mortgage lender's loan spree (International Herald Tribune)
Documents and interviews show that the entire operation at Countrywide Financial was intended to wring maximum profit out of the mortgage lending boom no matter what it cost borrowers.
2007-08-26 03:09:49 -
Goodbye, easy credit as 'risk hunger' turns to financial indigestion
The Independent - ... which will provide a clearer picture of who holds the liabilities from the murky world of repackaged sub-prime mortgage debt ... It is harder to calculate the extent to which the turmoil in the money and credit markets might spill over into the wider ...
2007-08-25 03:02:00 -
Taming A Wild Market
The Ledger - The subprime-mortgage mess, and the accompanying stock- and bond-market turmoil, may have been a surprise. Yet the pattern ... Instead, you just calculate how your funds compare with your targets and then do a little trading to get back on track, thus ...
2007-08-26 09:53:00 -
Readers share tips on how to increase savings
Akron Beacon Journal - Only then do his clients calculate how big a mortgage they can afford. ''They use that number so they shop for the right-priced home'' that allows them to address all their other goals, Haunty said. ''Too many people buy homes first and hope their ...
2007-08-26 11:26:00 -
Goodbye, easy credit as 'risk hunger' turns to financial indigestion (Independent)
It is often said that economists can never agree. So perhaps it is a sobering sign of the scale of the turmoil in the money and credit markets that, for once, economists are united on two key points. First, the good times of (virtually) free and easy credit are over for the foreseeable future. And second, no one knows whether we are witnessing a brief correction in price and risk or something ...
2007-08-25 11:23:21 -
Cruz: Savings tips that really work (Milwaukee Journal Sentinel)
Your good thoughts on savings keep rolling in. One comes from Daniel W. Harcourt II, a banker in Schaumburg, Ill., who in turn got the idea from a client he described as "an avid bargain hunter and coupon clipper." "My clien...
2007-08-26 12:46:28 -
Savings Game: Here are some simple-to-adopt ideas for saving (The Salt Lake Tribune)
Your good thoughts on savings keep rolling in. One comes from Daniel W. Harcourt II, a banker in Schaumburg, Ill., who in turn got the idea from a client he described as ''an avid bargain hunter and coupon clipper.
2007-08-26 06:21:30 -
Jonathan Clements: Staying balanced in a wild market (The Kansas City Star)
You’ve been through this before — and you know what to do. The subprime-mortgage mess, and the accompanying stock- and bond-market turmoil, may have been a surprise. Yet the pattern is all too familiar: Risky investments got hammered, safe securities made money, and most ordinary investors froze, unsure what to do next.
2007-08-26 03:59:32 -
Staying Balanced In A Wild Market (New London Day)
You've been through this before — and you know what to do. The subprime-mortgage mess, and the accompanying stock- and bond-market turmoil, may have been a surprise.
2007-08-26 10:10:50 -
Got debt? Get out now with these 8 simple steps!
Sun-Journal - In the best case, the thing you bought with borrowed funds will appreciate in value. (Think mortgage, and even that student loan.) Bad debt is everything else - from your titanium credit card to the 35-percent loan from Angoraland. Step 2: Don't Pay ...
2007-08-26 11:41:00