Mortgage and Financial News From 2008-1-18 Page 27

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  • Wachovia Set to Report 4Q Results - CNNMoney.com

    Wachovia Set to Report 4Q ResultsCNNMoney.com - 2 hours agoFurther, with many banks and credit card lenders reporting consumers are having trouble repaying their bills, Wachovia said it expects to squirrel away $1 ...
    2008-01-18 12:42:06

  • MBA Says Most Modifications Have Been Repayment Plans - American Banker (subscription)

    MBA Says Most Modifications Have Been Repayment PlansAmerican Banker (subscription), NY - 2 hours ago... because the borrower gets a new loan that a lender has determined the borrower can repay. Data released Thursday by the Mortgage Bankers Association ...
    2008-01-18 12:45:33

  • New York Panel Rethinks Securities Oversight - New York Times

    New York Panel Rethinks Securities OversightNew York Times, United States - 2 hours agoWall Street brokerage firms have announced more than $100 billion in write-downs, and firms ranging from mortgage lenders to bond insurers have lost ...
    2008-01-18 12:45:38

  • Minneapolis city council calls for foreclosure freeze - KARE

    Minneapolis city council calls for foreclosure freezeKARE, MN - 1 hour agoCouncil members Friday passed a resolution, asking sub-prime lenders to freeze foreclosures in Minneapolis for 90-days and work with homeowners to modify ...
    2008-01-18 01:27:56

  • Protected from the ground up - Daily Press

    Protected from the ground upDaily Press, VA - 1 hour ago"Mold is a huge issue for my clients, especially lenders, since they have 80 percent exposure to the problem through (the) mortgage, compared with the ...
    2008-01-18 01:43:05

  • Losing Their Grip on Homeownership - Washington Post

    Losing Their Grip on HomeownershipWashington Post, United States - 1 hour ago"Mortgage lenders lost sight of its importance because most of the loan-level data they used came from the latter 1990s to the early 2000s, when very few ...
    2008-01-18 01:50:47

  • Loan-rescue group says aid is increasing - BusinessWeek

    Loan-rescue group says aid is increasingBusinessWeek - 1 hour agothe nation's largest mortgage lender -- said it helped more than 81000 borrowers keep mortgage payments manageable last year, part of a stepped-up campaign ...
    2008-01-18 01:55:04

  • Market Rant: All is Well – Do NOT Panic - Optionetics

    Market Rant: All is Well – Do NOT PanicOptionetics, CA - 55 minutes agoThen they conveniently forgot that they force-fed mortgage lenders the obligation to lend to those who normally wouldn''t qualify for a loan (ie, ...
    2008-01-18 02:05:16

  • Dominion Homes to Go Private for $554M - Forbes

    Dominion Homes to Go Private for $554MForbes, NY - 52 minutes agoDominion also said its lenders have agreed to boost the company's credit line by about $3.5 million. The acquisition, which must be approved by shareholders ...
    2008-01-18 02:08:06

  • Online Financial Portal Adds Domestic, International Financing - PR-USA.net (press release)

    Online Financial Portal Adds Domestic, International FinancingPR-USA.net (press release), Bulgaria - 3 minutes ago"Our unique relationships with international lenders, hedge funds, industry contacts, and individual investors are key in getting challenging deals funded ...
    2008-01-18 02:57:19

  • Dominion Homes to Go Private for $554M (AP via Yahoo! Finance)

    Dominion Homes Inc., which sells homes and offers mortgage financing, said Friday it agreed to be taken private by a group of investors that includes a company tied to its chief executive, in a $553.6 million deal.
    2008-01-18 02:00:13

  • Real Estate Weekly -- Jan. 18 (Market Watch)

    Three times as many subprime mortgages were modified for struggling borrowers in the fourth quarter of last year than in the third quarter, according to preliminary data from the HOPE NOW Alliance, released on Friday.
    2008-01-18 02:09:26

  • More CEOs in state are being shown the door (Minneapolis-St. Paul Star Tribune)

    Amid increased board scrutiny and shareholder activism, exits rose here and across the nation.
    2008-01-18 02:28:04

  • School officials call breach of MEAP security a 'mistake' (Detroit Free Press)

    The Michigan Department of Education will not blame, fine or otherwise punish anyone for a breach of MEAP security that led to a newspaper story last October revealing the topic for a fifth and sixth-grade writing question before all students in the state had taken that portion of the test.
    2008-01-18 02:33:05

  • DETROIT AUTO SHOW CHARITY GALA: Stars come out to see the cars (Detroit Free Press)

    The cars are shining, the decorations are glittering and the champagne's on ice, all ready for the thousands of party-goers who will begin streaming into Cobo Arena in a little over an hour for Detroit's most glamorous night of the year, the North American International Auto Show charity gala.
    2008-01-18 02:33:15

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