Mortgage and Financial News From 2008-6-12 Page 12
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Help For Queens Families Battling Serious Illness (Queens Chronicle)
With support from Friends of Karen, Hepa Youssef, center, and her parents, Phoebe and Ibrahim, was able to successfully pull through her battle with cancer.
2008-06-12 10:45:41 -
Plan to clarify mortgage disclosures sparks ire (AP via Yahoo! Finance)
A single sheet of paper has the real estate industry in an uproar. Every time a potential home buyer applies for a mortgage, he or she receives a document known as the Good Faith Estimate, which spells out the thousands of dollars in fees the buyer is expected to pay when the deal closes.
2008-06-12 10:55:54 -
Nervous lenders block first-time buyers - This is Money
Banks are lending 36% less money to first-time home buyers than they were a year ago, figures from the Council of Mortgage Lenders (CML) reveal. As the credit crunch bites and lenders tighten their criteria for making loans, getting a mortgage is ...
2008-06-12 09:18:00 -
First-time buyers hit by mortgage crunch - Reuters UK
LONDON (Reuters) - Tougher lending terms have forced first-time home buyers to put down average deposits of 13 percent in April, the highest level in more than three years, the Council of Mortgage Lenders said on Thursday. The CML said those buying ...
2008-06-12 03:20:00 -
Xerox Simplifies Loan Process with Electronic Signature; Supports ... - MSN MoneyCentral
In a move to help the mortgage industry process loans faster and enhance customer service, Xerox Mortgage Services has added e-signature – a secure and convenient way to complete mortgage loans without having to sign hardcopy documents. This ...
2008-06-12 08:00:00 -
VA Reaching Out to Vets With Mortgage Problems - Forbes
WASHINGTON, June 12 /PRNewswire-USNewswire/ -- Many home owners have found it difficult recently to pay their mortgages, but quick intervention by loan counselors at the Department of Veterans Affairs (VA) has actually reduced the number of veterans ...
2008-06-12 07:09:00 -
Report:UK mortgage lending rises in April; housing orders down 25 ... - International Herald Tribune
LONDON : British mortgage lenders on Thursday reported lending increased modestly for April over the month before but declined from a year ago, and a separate government report underlined the deep slump in the country's housing sector. The Council of ...
2008-06-12 05:01:00 -
Inflation fear sends mortgage rates to 8 month high - MSN MoneyCentral
NEW YORK (Reuters) - U.S. fixed mortgage rates surged to their highest in almost eight months after central bankers jolted financial markets with concerns of accelerating inflation. The average rate on a 30-year mortgage jumped to 6.32 percent for ...
2008-06-12 09:11:00 -
Thornburg Mortgage posts $3.31 billion loss - Forbes
BANGALORE (Reuters) - Thornburg Mortgage Inc (nyse: TMAPRC - news - people ) , a specialist in jumbo home loans that nearly went bankrupt in March, posted a $3.31 billion first-quarter loss Thursday as the value of mortgages and other securities it ...
2008-06-12 08:21:00 -
Subprime Today: Shakeup at Lehman; Citi dumps Pandit's Old Lane (Market Watch)
Lehman Bros. announced a top-level management shakeup, and Citigroup moved to shutter a hedge fund that it owns and was co-founded by now-CEO Vikram Pandit. A roundup of financial and mortgage-related news from MarketWatch and elsewhere.
2008-06-12 07:33:36 -
Thornburg's Jumbo Loss (Forbes)
Mortgage lender announces $3.3B Q1 loss.
2008-06-12 07:55:33 -
European Stocks Rise, Led by InBev; Commerzbank, Vedanta Climb (Bloomberg.com)
June 12 (Bloomberg) -- European stocks rose for the first time in seven days after InBev NV offered a record $46.3 billion in cash for Anheuser-Busch Cos. and banks rebounded from their cheapest in two months.
2008-06-12 07:56:28 -
Top Obama VP Aide Resigns Amid Finance Allegations (WBKO Bowling Green)
Choosing a running mate is perhaps the most important issue facing Barack Obama between now and the Democratic Convention in August. The man Obama picked to lead his search resigned after questions were raised about his personal associations and finances.
2008-06-12 08:07:55 -
OTS's Gimble Suggests Using Negative Equity Certificates To Stem Tide Of Rising Foreclosures (Nasdaq)
(RTTNews) - Glenn Gimble, Senior Project Manager with the Office of Thrift Supervision discussed Thursday his organization's efforts to keep borrowers in their homes amid the deepest housing slump since the Great Depression.
2008-06-12 08:38:52 -
McCain, Obama head straight into difficult campaign issues (GMA News)
WASHINGTON -Democrat Barack Obama's campaign to take the White House as the candidate representing change has run up against Washington realities as he was forced to abandon a key figure in his search for a vice presidential running mate.
2008-06-12 08:45:31