Mortgage and Financial News From 2008-2-4 Page 19

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• NC will pay for foreclosure counselors - Forbes

  NC will pay for foreclosure counselorsForbes, NY - 3 hours ago'Some people have a mortgage payment that is simply too big for their budget,' Attorney General Roy Cooper said. 'Losing their homes means losing their ...
  2008-02-04 02:56:25

• Eco 2: House Prices Surge - ABN Newswire (press release)

  Eco 2: House Prices SurgeABN Newswire (press release), Australia - 3 hours agoThat can't be explained by the slowdown in housing loans coming from non-bank lenders who have been forced to curtail their activities by the problems at ...
  2008-02-04 03:07:13

• US market falls - Radio New Zealand

  US market fallsRadio New Zealand, New Zealand - 3 hours ago2 US mortgage lender, fell 6.7% to $US31.39, and Wachovia Corp, the fourth-largest US bank, was down 8.3% at $US35.53. Data showed new orders at US ...
  2008-02-04 03:11:30

• Australian Dollar May Fall to 77 US Cents, BNP's Redeker Says - Bloomberg

  Australian Dollar May Fall to 77 US Cents, BNP's Redeker SaysBloomberg - 3 hours agoAny downgrades will stifle sales of Australian mortgage- backed bonds, which fell 87 percent in the six months to Dec. 31. Australian lenders will find it ...
  2008-02-04 03:38:47

• Organization works with homeowners fearing foreclosure - KVUE

  Organization works with homeowners fearing foreclosureKVUE, TX - 2 hours agoTheir adjustable rate mortgage is beginning to adjust at a higher rate. McDonald is working to find a lender willing to offer the Birden's a lower fixed ...
  2008-02-04 03:57:53

• Subprime loans a mere 6% of UK market - Scotsman

  Subprime loans a mere 6% of UK marketScotsman, United Kingdom - 2 hours agoThe figures from the Intermediary Mortgage Lenders Association (IMLA), a British trade body, revealed "prime" or mainstream lending dominates the UK ...
  2008-02-04 04:12:20

• Labour: if you want a council house, find a job - Guardian Unlimited

  Labour: if you want a council house, find a jobGuardian Unlimited, UK - 2 hours agoOn the subject of housing affordability, she said she planned further talks with the Council of Mortgage Lenders on the possibility of creating more ...
  2008-02-04 04:20:08

• AG's foreclosure gambit shot down - Cincinnati Enquirer

  AG's foreclosure gambit shot downCincinnati Enquirer, OH - 2 hours agoDann argues that lenders can’t foreclose unless they can prove they own the mortgage they say is in default. Paperwork proving ownership often lags behind ...
  2008-02-04 04:34:29

• Home Foreclosure Help's Just a Call Away - WRAL.com

  Home Foreclosure Help's Just a Call AwayWRAL.com, NC - 2 hours agoMortgage lenders can lose between $40000 and $50000 in net value when a typical home loan is foreclosed. The Center for Responsible Lending, based in Durham ...
  2008-02-04 04:39:22

• Australia's Westpac says well positioned to ride out financial ... - Forbes

  Australia's Westpac says well positioned to ride out financial ...Forbes, NY - 2 hours ago'Competitive position improved, as some non-bank lenders and some regional banks have come under pressure due to more difficult funding conditions,' Westpac ...
  2008-02-04 04:42:53

• Market falls as downgrades fuel recession fears - Reuters

  Market falls as downgrades fuel recession fearsReuters - 1 hour ago2 US mortgage lender, whose stock fell 6.7 percent to $31.39, and Wachovia Corp (WB.N: Quote, Profile, Research), the fourth-largest US bank, ...
  2008-02-04 05:19:17

• 05-02-2008: Market falls as downgrades fuel recession fears - The Edge Daily

  05-02-2008: Market falls as downgrades fuel recession fearsThe Edge Daily, Malaysia - 1 hour agoBrokerages cut shares of Wells Fargo & Co, the No 2 US mortgage lender, whose stock fell 6.7% to US$31.39, and Wachovia Corp, the fourth-largest US bank, ...
  2008-02-04 05:22:22

• Why a rate rise will only take house prices higher - Crikey (subscription)

  Why a rate rise will only take house prices higherCrikey (subscription), Australia - 47 minutes agoThat can't just be explained by the slowdown in housing loans coming from non-bank lenders who have been forced to curtail their activities by the problems ...
  2008-02-04 05:58:36

• Foreclosure help: Save your home - Tampa Bay's 10

  Foreclosure help: Save your homeTampa Bay's 10, FL - 18 minutes ago"I specified at the time of buying this home, which was 3 years ago that I would not accept an adjustable rate mortgage. I would not accept a prepayment ...
  2008-02-04 06:27:06

• Fannie, Freddie sitting pretty? - Politico

  Fannie, Freddie sitting pretty?Politico, DC - 13 minutes agoPhoto: AP The housing crisis has brought little but storm clouds to the mortgage financing industry, but two chastised housing lenders could find a silver ...
  2008-02-04 06:32:12

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