Mortgage and Financial News From 2008-2-12

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  • Lenders offer broader mortgage plan on all loans, not just subprime - WZZM

    Lenders offer broader mortgage plan on all loans, not just subprimeWZZM, MI - 37 minutes agoThat plan freezes rates on some high-cost subprime mortgages for five years. Consumer groups are skeptical. They claim many borrowers still can't keep up ...
    2008-02-12 07:43:00
  • AIG outlook now negative, was stable - S&P - Reuters

    AIG outlook now negative, was stable - S&PReuters - 34 minutes ago... losses on credit derivatives backed by mortgage debt will be higher than previously disclosed. S&P rates AIG "AA," the third highest investment grade. ...
    2008-02-12 07:45:51
  • Major banks to announce new plan to cut home foreclosures - BloggingStocks

    Major banks to announce new plan to cut home foreclosuresBloggingStocks - 31 minutes agoThe program is being initiated as the United States prepares for the second wave of mortgage defaults as variable mortgages rates reset in 2008. ...
    2008-02-12 07:49:03
  • Banks fight to attract savers with inflated rates - Times Online

    Banks fight to attract savers with inflated ratesTimes Online, UK - 28 minutes agoBanks have been facing higher wholesale borrowing costs as a result of the credit crunch, which followed the collapse of the US sub-prime mortgage market. ...
    2008-02-12 07:51:58
  • How a mining town was transformed into an energy village - Scenta.co.uk

    How a mining town was transformed into an energy villageScenta.co.uk, UK - 27 minutes agoThe society, democratically run on traditional co-op lines, negotiated with British Coal for two years before buying the site on a 100% mortgage of £50000. ...
    2008-02-12 07:52:26
  • Brazil's Real Rises on US Banks' Plan to Reduce Foreclosures - Bloomberg

    Brazil's Real Rises on US Banks' Plan to Reduce ForeclosuresBloomberg - 27 minutes ago12 (Bloomberg) -- Brazil's real rose a second straight day on speculation a plan by US banks to reduce mortgage defaults will help the world's largest ...
    2008-02-12 07:53:04
  • NEW YORK, Feb. 11 (Xinhua) -- Wall Street traded higher Monday on ... - Black Enterprise

    NEW YORK, Feb. 11 (Xinhua) -- Wall Street traded higher Monday on ...Black Enterprise, NY - 18 minutes agoThe stock market fell in early trading and was volatile even after recovering, with concerns that American International Group Inc. might have more mortgage ...
    2008-02-12 08:01:48
  • Greater Phoenix resale market in January comparable to 2002 levels - Arizona State University

    Greater Phoenix resale market in January comparable to 2002 levelsArizona State University, Tempe - 16 minutes agoBecause financing is more available in the conforming mortgage market and inventory of available homes is high due to foreclosure activity and desperate ...
    2008-02-12 08:03:47
  • Clark and Key draw battlelines - Stuff.co.nz

    Clark and Key draw battlelinesStuff.co.nz, New Zealand - 14 minutes agoMr Key targeted the "thousands of New Zealanders who cannot meet their mortgage payments" and said National would help them by cutting taxes and ...
    2008-02-12 08:05:51
  • Home loans down 22 per cent in December - mform

    Home loans down 22 per cent in Decembermform, UK - 13 minutes agoBy December, first-time buyers typically contributed 20.7 per cent of their income towards mortgage interest, compared with 17.9 per cent in December 2006. ...
    2008-02-12 08:06:39
  • IndyMac Spreads the Blame - New York Times Blogs

    IndyMac Spreads the BlameNew York Times Blogs, NY - 13 minutes agoIndyMac, which describes itself as the second largest independent mortgage lender in the nation, finally suspended its common stock dividend today, ...
    2008-02-12 08:06:57
  • Event Brief of Q4 2007 PartnerRe Ltd. Earnings Conference Call - Final - Insurance News Net (press release)

    Event Brief of Q4 2007 PartnerRe Ltd. Earnings Conference Call - FinalInsurance News Net (press release), PA - 10 minutes agoDo not have exposure to the subprime residential mortgage sector in [$2.3b MBS/ABS] portfolio nor does Co. own any CDOs. 6. ChannelRe: 1. ...
    2008-02-12 08:09:57
  • Q4 2007 PartnerRe Ltd. Earnings Conference Call - Final - Insurance News Net (press release)

    Q4 2007 PartnerRe Ltd. Earnings Conference Call - FinalInsurance News Net (press release), PA - 10 minutes agoNow I will move on to the most talked about issue impacting the markets today, the subprime mortgage crisis. We have had a number of calls asking about our ...
    2008-02-12 08:09:58
  • Event Brief of Q4 2007 The Principal Financial Group Earnings ... - Insurance News Net (press release)

    Event Brief of Q4 2007 The Principal Financial Group Earnings ...Insurance News Net (press release), PA - 10 minutes agoContinued adverse credit conditions translate into loss revenues and earnings from commercial mortgage loan origination and securitization. 6. ...
    2008-02-12 08:10:00
  • MARKET SNAPSHOT: US Stocks Lifted By Buffett Offer; Dow Up More ... - EasyBourse.com

    MARKET SNAPSHOT: US Stocks Lifted By Buffett Offer; Dow Up More ...EasyBourse.com, France - 8 minutes ago"Defaults rates are less than 1%; reinsuring the muni-bond business is a no-brainer for anybody," said Bookvar, who questioned the longevity of the ...
    2008-02-12 08:11:26