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Archive for August, 2008

Subprime-Mortgage Loss Indexes May Be Faulty, BIS Report Says - Bloomberg

by @ Sunday, August 31st, 2008. Filed under Uncategorized

FatCat

Subprime-Mortgage Loss Indexes May Be Faulty, BIS Report Says
Bloomberg - 5 hours ago
HE indexes ``seem to have been widely used'' by banks to hedge and trade as well as value subprime mortgage- backed securities, BIS researchers Ingo Fender ...
Key Index May Overstate Wall Street Journal
The big thaw begins Business Spectator
More pain ahead as asset writedowns reach 503 bln dollars: BIS AFP
Bloomberg - Bloomberg
all 58 news articles

Geeves almost a labourer to pay off his mortgage - The Canberra Times

by @ Sunday, August 31st, 2008. Filed under Uncategorized

Geeves almost a labourer to pay off his mortgage
The Canberra Times, Australia - 5 hours ago
Australia's newest international Brett Geeves admits he was just hours away from giving up on cricket to accept a labouring job to pay the mortgage. ...

Reserve tipped to lower rates, 'mortgage stress' - The Age

by @ Sunday, August 31st, 2008. Filed under Uncategorized

Reserve tipped to lower rates, 'mortgage stress'
The Age, Australia - 17 hours ago
An interest rate cut by Australia's central bank this week will significantly reduce the number of Australians experiencing mortgage stress, an industry ...

Mortgage rates rise to make up for greater risk assumed by investors - Baltimore Sun

by @ Sunday, August 31st, 2008. Filed under Uncategorized

Maktoob Business (press release)

Mortgage rates rise to make up for greater risk assumed by investors
Baltimore Sun, United States - 22 hours ago
By Jamie Smith Hopkins The real estate wonk Mortgage rates aren't what they used to be - and not just because they're higher. You can normally predict the ...
US government 'bazooka' may save Fannie, Freddie AFP
Fannie, Freddie Weigh on Mortgage REITs Barron's
all 10 news articles

British lenders face huge hit on mortgage fraud - Peninsula On-line

by @ Sunday, August 31st, 2008. Filed under Uncategorized

British lenders face huge hit on mortgage fraud
Peninsula On-line, Qatar - Aug 30, 2008
london • Britain’s mortgage lenders may be sitting on hundreds of millions of pounds of worthless loans fraudulently obtained by criminals to support drug ...
Bradford & Bingley Swings to Loss On Mortgage-Related Write-Downs Wall Street Journal
Bradford & Bingley to scale back mortgage lending after slumping ... Telegraph.co.uk
Bradford & Bingley victim of £18m mortgage fraud Times Online
guardian.co.uk - Motley Fool UK
all 316 news articles

Austin man sentenced to 27 years for mortgage fraud - News 8 Austin

by @ Sunday, August 31st, 2008. Filed under Uncategorized

Austin man sentenced to 27 years for mortgage fraud
News 8 Austin, TX - 1 hour ago
Former Austinite Cornelius Robinson has been sentenced to more than 27 years in prison, for a mortgage fraud scheme. Federal prosecutors said he bought ...

Mortgage fraud still rampant across US - San Francisco Chronicle

by @ Sunday, August 31st, 2008. Filed under Uncategorized

Mortgage fraud still rampant across US
San Francisco Chronicle,  USA - Aug 30, 2008
(08-30) 04:00 PDT Washington -- You might assume that with home purchases and new mortgage volume off by 30 percent or more in many markets during the past ...

US government 'bazooka' may save Fannie, Freddie - AFP

by @ Sunday, August 31st, 2008. Filed under Uncategorized

AFP

US government 'bazooka' may save Fannie, Freddie
AFP - 1 hour ago
WASHINGTON (AFP) — Can Treasury Secretary Henry Paulson's "bazooka" save mortgage finance titans Fannie Mae and Freddie Mac from a calamitous meltdown? ...
Agency Mortgage-Bond Yield Spreads Reach Lowest in a Month Bloomberg
The Fannie & Freddie Question Wall Street Journal
Fannie, Freddie Slip After Key Gains Washington Post
Chicago Tribune - BloggingStocks
all 728 news articles

Lower fixed rates tempt homeowners - Independent

by @ Saturday, August 30th, 2008. Filed under Uncategorized

MSN Money UK

Lower fixed rates tempt homeowners
Independent, UK - 6 hours ago
Britannia, Halifax, Nationwide and Abbey have been among the major high street lenders to cut the price of their two-year fixed rate mortgage deals, ...
Are You Eligible For The Best Mortgage Deals? Motley Fool UK
Abbey launches low fee mortgage range Mortgage Solutions
Abbey cuts mortgage rates Which?
Independent
all 119 news articles

Theresa Hunter: Seller beware: mortgage-to-rent can leave you homeless - Scotland on Sunday

by @ Saturday, August 30th, 2008. Filed under Uncategorized

Theresa Hunter: Seller beware: mortgage-to-rent can leave you homeless
Scotland on Sunday, UK - 6 hours ago
The second is that by selling your house to a mortgage-to-rent company, or a rent-back scheme, you can stay in your own home for life, clear your debts and ...

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