Mortgage and Financial News From 2007-8-29 Page 3

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  • CHANGING THE TONE - Mortgage whimsy: To write a wrong

    Patriot Ledger - ... on the subprime market, and we’re really focused on the homeowners - mortgage ... window, trying to remove a stigma that it is a place for banks to turn to only ... The combination of higher interest rates and weaker home values have put many ...
    2007-08-29 04:09:00
  • Co-operative Bank Launches Market Leading Fixed Rate 25-Year Mortgage ...

    Earthtimes - The Government has recently called on lenders to provide longer-term fixed deals to provide stability within the housing market. Customers taking out this new mortgage will not only benefit from protection against any future interest rate rise but ...
    2007-08-29 01:32:00
  • The Interest Only Survival Guide

    Sky.com - Or they plan to have an interest-only mortgage for a few years and then switch back to a repayment. This is fine, provided you have the discipline to do it! Are we are at a crisis point? There are reports that many people coming out of short-term fixed ...
    2007-08-28 12:54:00
  • Fitch Ratings Affirms LB-UBS Commercial Mortgage Trust 2005-C5

    Forbes - --$59.9 million class A-1 at 'AAA'; --$347 million class A-2 at 'AAA'; --$158 million class A-3 at 'AAA'; --$76 million class A-AB at 'AAA'; --$809.5 million class A-4 at 'AAA'; --$172 million class A-1A at 'AAA'; --Interest only class X-CL at 'AAA ...
    2007-08-29 08:20:00
  • American Home Mortgage Investment Corp. Announces Bankruptcy Court Approval of Sale Process for Certain Loans (FinanzNachrichten)

    MELLVILLE, N.Y., Aug. 29 /PRNewswire-FirstCall/ -- American Home Mortgage Investment Corp. ( Nachrichten ) ("American Home") today announced that the U.S. Bankruptcy Court for the District of Delaware has approved sale procedures for certain loans owned by Broadhollow Funding, LLC and Melville Funding, LLC, both affiliates of American Home that are not subject to the company's Chapter 11 filing ...
    2007-08-29 09:55:32
  • Fitch Ratings Affirms LB-UBS Commercial Mortgage Trust 2005-C5 (FinanzNachrichten)

    ::â–º Fitch Ratings Affirms LB-UBS Commercial Mortgage Trust 2005-C5â—„:: Fitch Ratings has affirmed LB-UBS's commercial mortgage pass-through certificates, series 2005-C5, as follows: --$59.9 million class ...
    2007-08-29 08:25:35
  • Biweekly mortgage plans may help you save (Reading Eagle)

    I wondered, could this be possible? The direct-mail solicitation claimed that, for a fee, we could shave years off the life of our 30-year mortgage and save thousands of dollars in interest by making half our mortgage payment every two weeks instead paying once a month.
    2007-08-29 04:34:04
  • Fitch Ratings Affirms LB-UBS Commercial Mortgage Trust 2005-C5 (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch Ratings has affirmed LB-UBS's commercial mortgage pass-through certificates, series 2005-C5, as follows: $59.9 million class A-1 at 'AAA'; $347 million class A-2 at 'AAA'; $158 million class A-3 at 'AAA'; $76 million class A-AB at 'AAA'; $809.5 million class A-4 at 'AAA'; $172 million class A-1A at 'AAA'; Interest only class X-CL at 'AAA'; Interest only class X-CP at 'AAA'; ...
    2007-08-29 08:18:00
  • Md. Probes Spike in Housing Foreclosures

    Forbes - A vast majority of Maryland consumers in this segment are making their payments on time and aren't in danger of foreclosure," said Chris DiPietro of the Mid-Atlantic Financial Services Association, which represents mortgage lenders. Other states have ...
    2007-08-29 09:46:00
  • Lenders lose out

    News Shopper - MORTGAGE lenders are set to lose millions of pounds after police confirmed they are investigating a "large-scale" fraud. The fraudsters involved are believed to have pocketed between £3m and £4m from the scam. Four mortgage firms - Alliance ...
    2007-08-29 01:39:00
  • Investors, policy-makers don't know total number of troubled mortgages ...

    San Diego Union-Tribune - About 90,000 nonbank mortgage lenders dotted the landscape last fall, when state regulators conducted their first formal survey. Dozens of bankruptcies and closings in recent months have likely whittled that number, and 25,000 workers lost jobs in ...
    2007-08-28 06:26:00
  • Tight Credit Squeezes Jumbo Mortgage Market

    NPR News - Morning Edition , August 29, 2007 · Troubles in the mortgage market are beginning to have an impact on more expensive properties. Lenders are demanding a bigger premium for so-called "jumbo" home loans. A "jumbo" mortgage is one that is bigger than ...
    2007-08-29 06:04:00
  • Mortgage volume fell last week

    Boston Globe - Dozens of mortgage lenders have gone bankrupt in recent months as lending volume continues to tumble while performance further deteriorates. The average interest rate for a traditional, 30-year fixed-rate mortgage fell to 6.41 percent from 6.49 ...
    2007-08-29 12:56:00
  • Under contract, Lone Star extends tender offer to buy Accredited Home ...

    CNBC - The stock, which traded at just under $15 before the offer, has since fallen 60 percent as the mortgage industry descended into tumult. Shares of Accredited Home Lenders climbed 22 cents, or 3.8 percent, to $6.06 in morning trading. The shares have ...
    2007-08-29 04:23:00
  • Fitch Cuts PMI Group Unit Issuer Ratings

    Forbes - A housing market crash has caused a spike in defaults and delinquencies, which has led to the demise of more than 50 nonbank mortgage lenders. Other lenders have tightened their standards and are having trouble funding new loans. Fitch cut PMI ...
    2007-08-29 05:06:00