Mortgage and Financial News From 2007-9-1 Page 10

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  • President Bush attempts to relieve subprime mortgage crisis

    New York Daily News - It's not the government's job to bail out ... those who made the decision to buy a home ... need real protection," said Mathis, a computer programmer who was given a subprime mortgage for $325,000 even though he was unemployed. He said the lender ...
    2007-09-01 06:33:00

  • Ameriquest Mortgage to shut down

    Los Angeles Times - Home & Garden ... NEW YORK -- Ameriquest Mortgage Co, once the largest U.S. sub-prime mortgage lender, plans to wind down its retail mortgage ...
    2007-08-31 09:00:00

  • Subprime lender rejects lower offer

    Chicago Tribune - DALLAS - Accredited Home Lenders Holding Co. rejected a private-equity firm's attempt to lower its price to buy the subprime mortgage lender, saying Friday that it would continue a lawsuit aimed at closing the deal. Lone Star agreed in June to pay ...
    2007-09-01 10:08:00

  • Citigroup Buys Parts of a Troubled Mortgage Lender (New York Times)

    Citigroup is buying the assets of the subprime lender ACC Capital Holdings, which said on Friday that it would close.
    2007-09-01 04:41:13

  • Recent rumblings in financial markets is case of tail wagging dog

    My West Texas - Even so, if you calculate all of the mortgages in this category (overall credit quality is quite acceptable, and the subprime ... Mechanically, the losses in the mortgage funds lead to "margin calls" which require that additional funds be committed to ...
    2007-09-01 07:02:00

  • Bush, Bernanke Tackle Subprime Crisis

    AOL - ... to mainly poor people who have been squeezed as interest rates climbed, have fostered a liquidity crisis around the globe as banks have scrambled to calculate their exposure to the sector. The risk of a credit squeeze arising from mass mortgage ...
    2007-08-31 10:45:00

  • Friday's Personal Finance stories

    Marketwatch - ... the nation's savings and loans got themselves into a pickle in the late 1980s because they decided safe, secure mortgage ... How can I verify who is legitimate and acceptable to the IRS? Also, how do I calculate the amount of the write off? See ...
    2007-08-31 02:19:00

  • Bush and Bernanke to launch twin subprime assault

    Reuters - ... mainly to poor people who have been squeezed as interest rates climbed, have fostered a liquidity crisis around the globe as banks have scrambled to calculate their exposure to the sector. The risk of a credit squeeze arising from mass mortgage ...
    2007-08-31 07:27:00

  • Bush and Fed to outline subprime plans

    Scotsman - ... mainly to poor people who have been squeezed as interest rates climbed, have fostered a liquidity crisis around the globe as banks have scrambled to calculate their exposure to the sector. The risk of a credit squeeze arising from mass mortgage ...
    2007-09-01 07:30:00

  • House won't sell? Don't cut price; try buy-down (Seattle Times)

    These days, I hear many complaints from home sellers. Among them: "It's been on the market for nine months with nary a nibble"; "I cut the...
    2007-09-01 07:37:51

  • Recent rumblings in financial markets is case of tail wagging dog (Midland Reporter-Telegram)

    The recent rumblings in the financial markets may well have your head spinning, and you are not alone.
    2007-09-01 07:19:10

  • Solid Strategies for Getting to Sold (Washington Post)

    These days, I hear many complaints from home sellers. Among them: "It's been on the market for nine months with nary a nibble"; "I cut the price three times, still hasn't sold"; and "Three other houses on my block are up for sale, so I took mine down."
    2007-08-31 11:32:40

  • Bush, Bernanke to launch twin subprime assault (The Globe and Mail)

    Mass mortgage defaults have become a political as well as an economic issue in the U.S.
    2007-08-31 12:52:57

  • Find the Best Deal on Refinancing Your Home (Richfield Reaper)

    (ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change?
    2007-09-01 02:35:21

  • Personal Finance Daily -- Aug. 31 (Market Watch)

    When the nation's savings and loans got themselves into a pickle in the late 1980s because they decided safe, secure mortgage lending wasn't the way to massive profits and instead started dabbling in everything from office buildings to oil wells our government rode to the rescue with a $500 billion promise of help.
    2007-08-31 03:20:07

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