Mortgage and Financial News From 2008-2-12 Page 47

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  • BofA, Countrywide among lenders joining foreclosure moratorium - Bizjournals.com

    BofA, Countrywide among lenders joining foreclosure moratoriumBizjournals.com, NC - 58 minutes agoMore people, particularly those with spotty credit, started to default on their loans, and foreclosure rates climbed, as home prices fell, adjustable-rate ...
    2008-02-12 11:19:07
  • IndyMac Bancorp Reports Fourth Quarter Loss of $509.1 Million ... - FOXBusiness

    IndyMac Bancorp Reports Fourth Quarter Loss of $509.1 Million ...FOXBusiness - 56 minutes ago"Consistent with nearly every other large financial institution in the mortgage lending and securitization business, as a result of the rapidly ...
    2008-02-12 11:20:31
  • Indymac Issues 2007 Annual Shareholder Letter - FOXBusiness

    Indymac Issues 2007 Annual Shareholder LetterFOXBusiness - 56 minutes agoClearly, recently declining mortgage rates should help on all fronts by (1) reducing the payment shock for borrowers on adjustable rate mortgages; ...
    2008-02-12 11:20:32
  • Home Values Continued Decline in Fourth Quarter, Leaving ... - FOXBusiness

    Home Values Continued Decline in Fourth Quarter, Leaving ...FOXBusiness - 55 minutes agoNationwide, those at most risk of being underwater on their mortgage are those who bought in the last two years when most markets peaked. ...
    2008-02-12 11:22:02
  • Capital Senior Living Corporation Terminates Hearthstone Transaction - FOXBusiness

    Capital Senior Living Corporation Terminates Hearthstone TransactionFOXBusiness - 55 minutes agoThe total cost of the expansions is estimated to be $27 million, which is expected to be funded by supplemental mortgage financing and cash on hand. ...
    2008-02-12 11:22:25
  • UPDATE 2-US banks to pause delinquent mortgage foreclosures - Reuters

    UPDATE 2-US banks to pause delinquent mortgage foreclosuresReuters - 54 minutes agoThe effort would cover all types of home loans, including home equity loans and second liens, unlike an earlier plan aimed at freezing interest rates for ...
    2008-02-12 11:22:34
  • Assured Guaranty Ltd. Reports Fourth Quarter 2007 $260.1 Million ... - FOXBusiness

    Assured Guaranty Ltd. Reports Fourth Quarter 2007 $260.1 Million ...FOXBusiness - 54 minutes agoFourth quarter 2007 mortgage guaranty net earned premiums were $9.2 million compared to $9.9 million in fourth quarter 2006, reflecting the reduction of ...
    2008-02-12 11:22:42
  • Desarrolladora Homex Announces Fourth Quarter and Full Year 2007 ... - FOXBusiness

    Desarrolladora Homex Announces Fourth Quarter and Full Year 2007 ...FOXBusiness - 54 minutes agoDesarrolladora Homex, SAB de CV is a leading, vertically-integrated home development company focused on affordable entry-level and middle-income housing in ...
    2008-02-12 11:23:20
  • FSA Holdings Fourth Quarter 2007 Results - FOXBusiness

    FSA Holdings Fourth Quarter 2007 ResultsFOXBusiness - 54 minutes ago"Our insured subprime mortgage and insured credit default swap portfolios, as well as the residential mortgage-backed investments in the Financial Products ...
    2008-02-12 11:23:24
  • Macerich Announces 7% Increase in Funds from Operations Per Share - FOXBusiness

    Macerich Announces 7% Increase in Funds from Operations Per ShareFOXBusiness - 53 minutes agoThe Rochester Assets were transferred with pro rata mortgage debt of approximately $218 million. The total square footage of the Rochester Assets is 4.7 ...
    2008-02-12 11:23:40
  • Mortgage lenders promise relief to strapped homeowners - Detroit Free Press

    Mortgage lenders promise relief to strapped homeownersDetroit Free Press, United States - 31 minutes ago... could keep the borrower in the home. Perhaps most importantly, this program isn’t just for subprime loans – the mortgages offered with rates that change ...
    2008-02-12 11:46:14
  • America's Free-Falling Housing Markets - Forbes

    America's Free-Falling Housing MarketsForbes, NY - 18 minutes agoThen there are the homeowners who took out "piggyback" loans--getting a second mortgage to pay the down payment on the first--leaving them saddled with ...
    2008-02-12 11:58:37
  • Six lenders throw seriously delinquent borrowers a lifeline - Inman.com (subscription)

    Six lenders throw seriously delinquent borrowers a lifelineInman.com (subscription), CA - 17 minutes ago... when unemployment and mortgage default rates were much higher and programs like Federal Housing Administration loan guarantees did not exist. ...
    2008-02-12 12:00:11
  • Fed's Yellen Says Threats Remain, Indicating More Cuts Are Coming - Wall Street Journal

    Fed's Yellen Says Threats Remain, Indicating More Cuts Are ComingWall Street Journal - 14 minutes agoShe noted, for example, that even though there's a "horrendous" subprime mortgage delinquency rate of about 20%, the remaining 80% of loans were issued to ...
    2008-02-12 12:03:28
  • FHLBank Pittsburgh Announces Earnings for 2007; Quarterly Dividend Declared (Centre Daily Times)

    The Federal Home Loan Bank of Pittsburgh (FHLBank Pittsburgh) announces financial results for the year and quarter ended December 31, 2007 and the Board of Directors' declaration of a quarterly dividend.
    2008-02-12 11:55:42