Mortgage and Financial News From 2008-2-4 Page 8

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  • Subprime crisis stalls Islamic securitisation (Gulf Times)

    MANAMA/DUBAI: The global credit crisis has diminished the Arab appetite for securitisation, delaying development of a potential $250bn market that would drive growth in Islamic finance, industry officials said yesterday.
    2008-02-04 09:38:41

  • Wisdom raps govt for shelving housing program (The Nassau Guardian)

    A former housing minister on Monday criticized the government for shelving its low-cost housing program, claiming that more than 10,000 applicants with low-incomes would now find it impossible to meet the home ownership criteria for private companies, and more than 250 contractors hired by the Housing Ministry are now in search of other jobs.
    2008-02-04 09:48:41

  • RBA rate hike unlikely to be the last: economists

    West Online - Assuming mortgage lenders pass on the latest increase in rates in full to borrowers, homebuyers will pay just over $50 per month extra on their monthly repayments on a $300,000 mortgage. Wizard Home Loans chairman and founder Mark Bouris said some ...
    2008-02-04 07:48:00

  • Equifax's 7% increase in profit beats target

    Atlanta Journal Constitution - The one laggard was the U.S. consumer information solutions unit, which saw revenue dip 3 percent in the quarter, mainly because of the mortgage crisis and subsequent credit crunch. Banks and other lenders typically review consumers' credit files in ...
    2008-02-04 07:48:00

  • American Pacific Mortgage Achieves Notable Growth Despite Down Market

    Forbes - Founded in 1990, American Pacific Mortgage (apmortgage.com), a leading Net Branching company, provides full-service support for small- to mid-sized mortgage brokers and companies nationwide. The company's flexible broker model leverages top lenders ...
    2008-02-04 11:41:00

  • Fidelity National Information Services Aligns with Digital Insight to ...

    Forbes - ... of core processing for financial institutions; card issuer and transaction processing services; mortgage loan processing and mortgage-related information products; and outsourcing services to financial institutions, retailers, mortgage lenders and ...
    2008-02-04 01:36:00

  • Fed Says U.S. Banks Are Tightening Lending Standards (Update3)

    Bloomberg - The Treasury last year brought mortgage lenders together through an alliance called Hope Now to fast-track loan modifications and keep Americans in their homes. Stemming Losses Today's Fed survey showed that 35 percent of ...
    2008-02-04 01:50:00

  • Low mortgage rates make refinancing attractive

    USA Today - The past few months have been lonely ones for mortgage lenders, but business is picking up. The phones are ringing, and banks don't have to give away doughnuts to attract customers. They've got something much more enticing to offer: rock-bottom ...
    2008-02-03 03:53:00

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

    Guardian Unlimited - On the subject of housing affordability, she said she planned further talks with the Council of Mortgage Lenders on the possibility of creating more sustainable fixed, long-term mortgages. "Too many young families," she said, "are dependent on the ...
    2008-02-04 06:37:00

  • Bursting the House Price Bubble

    BBC News - "Buyers may find themselves with a mortgage worth more than the property's value, while lenders may find themselves exposed to fraud and the risk of loss," it added. With prices now falling in many parts of the country, lenders are concerned that ...
    2008-02-04 01:07:00

  • Interest rates rise to 12-year high

    News.com.au - Assuming mortgage lenders pass on the increase in full to borrowers, homebuyers will pay just over $50 per month extra on their monthly repayments on a $300,000 mortgage. Mr Stevens said recent economic data had pointed to significant inflation ...
    2008-02-04 07:55:00

  • PRESS DIGEST - Hong Kong - Feb 5 - Reuters

    PRESS DIGEST - Hong Kong - Feb 5Reuters - 4 hours agoA study shows the four biggest lenders have achieved a larger market share in the mortgage loan market. Together they hold 60.8 percent now compared to 48.9 ...
    2008-02-04 05:01:24

  • Kanjorski urges distressed homeowners to seek housing counseling - PoconoNews.net

    Kanjorski urges distressed homeowners to seek housing counselingPoconoNews.net, New York - 3 hours ago"Because foreclosure is an expensive process for everyone involved, lenders are often willing to make concessions that will allow families to stay in their ...
    2008-02-04 06:02:52

  • BMO, CIBC, Royal and Scotiabank agree to play role in ABCP ... - 680 News

    BMO, CIBC, Royal and Scotiabank agree to play role in ABCP ...680 News, Canada - 3 hours agoTORONTO - Four of Canada's largest banks have agreed in principle to join a group of lenders working on a restructuring of about $33 billion worth of ...
    2008-02-04 06:07:50

  • For Now, Avoid Real Estate Investment Trusts (2008-02-04) - Men's News Daily

    For Now, Avoid Real Estate Investment Trusts (2008-02-04)Men's News Daily, CA - 2 hours agoThe rate of late payments and foreclosures increased, resulting in some of the lenders themselves declaring bankruptcy. Rising interest rates caused housing ...
    2008-02-04 06:46:42

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