|
Consumer Credit Cards Greater Worry Than Mortgages, Nixon Says (Bloomberg)
Jan. 8 (Bloomberg) -- Royal Bank of Canada Chief Executive Officer Gordon Nixon said he’s more concerned about rising defaults on credit-card debt than on mortgages as unemployment rises amid a recession.
us.rd.yahoo.com
Investors buy $558 million in mortgages from FDIC (Washington Post)
WASHINGTON -- A group of private investors including former executives of Countrywide Financial Corp. has purchased $558 million in home mortgages from the government in a deal involving assets of the failed First National Bank of Nevada, the investors announced Wednesday.
us.rd.yahoo.com
Deutsche Bank Sees Rise in Late Business Mortgages, WSJ Says (Bloomberg)
Jan. 8 (Bloomberg) -- Deutsche Bank AG expects delinquencies on commercial mortgages that get bundled into bonds to more than double to 3 percent by the end of 2009, the highest rate in more than a decade, the Wall Street Journal reported.
us.rd.yahoo.com
Report: Citigroup working with Congress to allow bankruptcy judges to modify mortgages (Canadian Business)
Citigroup Inc. is working with senators to hammer out legislation that would allow bankruptcy judges to modify individual mortgages, potentially
us.rd.yahoo.com
Cardoza submits plan to refinance mortgages (Merced Sun-Star)
Rep. Dennis Cardoza proposed a bill Wednesday to have the government refinance mortgages for all homeowners in an effort to stop foreclosures, put more Americans in homes and jump-start an economy in recession.
us.rd.yahoo.com
PennyMac buys $558 million of mortgages from FDIC (Market Watch)
PennyMac, a firm backed by BlackRock Inc. and Highfields Capital, says it's bought more than $500 million of mortgages from the Federal Deposit Insurance Corp. in a deal under which both parties would share in gains and losses.
us.rd.yahoo.com
Nearly 10 percent of Latinos lag on mortgages (AP via Yahoo! News)
Nearly one in 10 Latino homeowners fell behind in mortgage payments last year, and about 3 percent said they had received a foreclosure notice, a Hispanic research group reported Thursday.
us.rd.yahoo.com
Reverse Mortgages Help Seniors Enjoy Golden Years (KHBS - KHOG Fort Smith - Fayetteville)
During these tough economic times, local mortgage brokers say, senior citizens are choosing reverse mortgages to gain access to extra cash during their golden years.
us.rd.yahoo.com
Mortgages: Tenth straight decline sends 30-year mortgage to new low (Market Watch)
Long-term mortgage rates dropped again this week, with the 30-year fixed-rate mortgage hitting a fourth consecutive record low in the history of Freddie Mac’s weekly survey.
us.rd.yahoo.com
U.S. Banks Offer Mortgages Below 5% After Fed Action (Update1) (Bloomberg)
Jan. 8 (Bloomberg) -- The largest U.S. banks are starting to offer fixed home loans below 5 percent after the government began buying mortgage securities to bolster the housing market.
us.rd.yahoo.com
|
