Mortgage and Financial News From 2007-9-3 Page 01

Previous Day: 2007-09-02

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• Home loan help gets 'hooray'

  Chicago Tribune - The typical homeowner in foreclosure is probably about five months behind on their mortgage and their credit is going to be really bad. "Very few are going to qualify for FHA because of their credit," Van Zellingen said. Among those who would be ...
  2007-09-02 03:06:00

• US jitters to persist on credit woes

  Hong Kong Standard - US jitters to persist on credit woes Monday, September 03, 2007 ... Fed, have poured funds into money markets to tackle a liquidity crisis, stemming from the upheaval in the subprime mortgage ...
  2007-09-02 11:45:00

• Commentary: Buy banks now

  Marketwatch - Here is an example of how headlines feed the appetite for bad news. The Mortgage Bankers Association, MBA, reports weekly on ... The situation in housing and the credit markets is serious but not hopeless. Psychology is important. The fear is ...
  2007-09-03 10:03:00

• Congressional Help for Bad Mortgages Unlikely

  Tyler Morning Telegraph - WASHINGTON (AP) -- Want government help to get out of a bad subprime mortgage? Don't look for Congress to come to your rescue ... Financial markets in the U.S. and around the globe have been shaken by fears about spreading credit problems that ...
  2007-09-03 10:51:00

• Bush offers tax breaks to families caught in US mortgage crisis

  Guardian Unlimited - ... thrown a tenuous lifeline to American homeowners struggling to meet their mortgage ... Stung into action by a deteriorating credit crisis sparked by defaults on subprime ... will be eligible, although critics accused the administration of rewarding bad ...
  2007-08-31 05:56:00

• Market turbulence sends up borrowing rates for banks

  Times Online - ... risky mortgage-backed securities. The sub-prime specialist told brokers that its variable rate would rise from 7 to 7.8 per cent on Friday. It said that it planned to reprice and tighten the lending criteria on mortgages for people with a bad credit ...
  2007-09-03 04:06:00

• Mortgage aid won't be fast

  El Paso Times - Want government help to get out of a bad subprime mortgage? Don't look for Congress to come to your rescue anytime soon. Lawmakers ... Financial markets in the U.S. and around the globe have been shaken by fears about spreading credit problems that ...
  2007-09-03 03:23:00

• US financials at their cheapest in decade

  MSN MoneyCentral - Financial stocks have been at the forefront of worries on Wall Street as the mortgage ... This is not a bad time to lift your exposure to financials, if you believe the ... The sector has en­dured further turmoil since July as a credit crunch emerged, and ...
  2007-09-03 02:32:00

• Prayer is only a start to solving mortgage woes

  Houston Chronicle - I'm not going to recommend going to a credit repair service at all." The BBB, the Mortgage Bankers Association and Consumers Action all agree that ... We can get bad credit taken off your credit history. • Use our system and you'll avoid bankruptcy. ...
  2007-08-31 05:56:00

• Mortgage Woes Continue, Layoffs Skyrocket

  MSNBC - ... Lehman Brothers Holdings Inc. closed its "subprime" mortgage ... veteran thought the business of making "Alternative A" mortgage loans - geared for those with slightly better credit ... when there's no market for those loans, it put us in a bad ...
  2007-09-03 06:33:00

• Bush unveils modest mortgage proposals

  US News and World Report - ... Friday announced a set of modest proposals to deal with an alarming rise in mortgage ... on a rollercoaster ride in recent weeks as investors worried about a serious credit ... that their actions were not aimed at bailing out investors who had made bad ...
  2007-09-03 10:00:00

• latest news

  Marketwatch - Mostly, small mortgage companies sell the mortgages they create to banks. So Fireside has a network of banks -- some 500 of ... Better credit. This one's simple -- that credit score is more important than ever. Scores generally need to be 50 points ...
  2007-09-03 05:39:00

• Banks squeeze City cashflow in worst lending crisis since 1998

  Guardian Unlimited - ... yesterday to the highest rate for nearly nine years as concerns about bad loans ... It is believed the amount of mortgage debt from the US housing market that has been ... commercial borrowers has remained strong despite the increasingly tight credit ...
  2007-09-03 10:03:00

• Insurance score much like credit score

  Kane County Chronicle - He and his wife have not had any debt since they paid their mortgage in full more than 30 years ago ... Because this couple’s credit files are all but empty – containing no bad information but precious little good information, either, because ...
  2007-09-03 09:56:00

• Congress slow on mortgage fix

  The Washington Times - Want government help to get out of a bad subprime mortgage? Don't look for Congress to come to your rescue any time soon. Lawmakers ... Financial markets in the U.S. and around the globe have been shaken by fears about spreading credit problems that ...
  2007-09-03 09:49:00

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