Mortgage and Financial News From 2007-9-1 Page 11

Previous Day: 2007-08-31

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Real Estate Weekly -- Aug. 31 (Market Watch)
Foreclosure talk usually conjures up an image of a family being put out of their home when they're unable to make their payments. But lately a good chunk of mortgage defaults aren't on primary residences, as the Mortgage Bankers Association pointed out this week.
2007-08-31 05:34:37
Bush and Bernanke to launch twin subprime assault (Reuters via Yahoo! News)
U.S. President George W. Bush will outline reforms on Friday to help struggling subprime mortgage borrowers, and his central bank chief will deliver a speech which will be pored over for hints of a looming rate cut.
2007-08-31 12:11:08
Bush moves to cushion housing market collapse (Toronto Star)
George W. Bush sought to salvage the "American dream'' yesterday, a dream his administration has urged unsuspecting Americans to pursue.
2007-09-01 08:35:33
Credit woes may hurt auto sales
Lansing State Journal - DETROIT - August car sales could be down 10 percent compared with a year ago as the mortgage credit crunch has homeowners feeling ... The psychology in the marketplace right now is that people don't know how bad it's going to get, so they're trying to ...
2007-09-01 06:47:00
Bush acts on home loan crisis
Dallas Morning News - Department of Veterans Affairs offered the only mortgages available to mortgage brokers, Mr. Kelley said. But as subprime lenders extended credit under ... FHA does not really take what I personally call bad credit." But under Mr. Bush's plan, and ...
2007-09-01 07:37:00
AP Business NewsBrief at 3:43 a.m. EDT
CNBC - ... which saw its fortunes soar during the housing boom by lending to people with less than stellar credit, is the latest victim of a mortgage ... Not bad for a political newcomer who only two years ago was unknown outside legal and business circles ...
2007-09-01 07:45:00
Commentary: Dude, Where's My Bailout?
BusinessWeek - Bad credit? No credit? No problem! Uncle Sam has your back. I don't have a mortgage, much less one that's about to blow up. But I have no shortage of other losses, some of them quite painful, from the many well-considered investments I've made over ...
2007-09-01 12:49:00
US STOCKS-Wall St climbs on Bush mortgage plan optimism
Reuters - ... stocks rose on Friday on optimism a plan by President Bush to help struggling subprime mortgage borrowers avoid foreclosure would help loosen credit ... Bernanke, who said the central bank did not intend to rescue lenders and investors who made bad ...
2007-08-31 07:20:00
Tough love in credit crunch
Charleston Post & Courier - ... clear he has no interest in bailing out lenders, some of whom got cocky, took on too much risk and ended up with bad loans. A key element of the president's plan would let homeowners with a good credit history, but who cannot afford their mortgage ...
2007-09-01 03:41:00
S&P Chief Ousted over Subprime Mortgage Mess
CNBC - ... the company's financial services division, effective immediately, amid questions about the role of credit-rating agencies in the subprime mortgage ... have cut ratings and previous forecasts on bad subprime loans and reassessed billions of dollars of ...
2007-08-31 11:49:00
Fed Examines Credit Scores, Finds No Bias
Washington Post - Credit scores are heavily used not only in home mortgage underwriting and pricing, but also for credit card, auto loan ... minority census tracts show consistently higher incidences of bad performance than would be predicted" by their credit scores ...
2007-08-31 10:33:00
Bennington unscathed by credit crunch
Bennington Banner - It's a nationwide problem and the loans have started to go bad. It has scared investors and it's a snowball effect." Those loans are the cause of the current credit crunch, said Erdman. "It's been fueled by the problems in the subprime mortgage ...
2007-09-01 07:02:00
Stocks rally as credit fears ease
MSNBC - ... Chairman Ben Bernanke as reassuring signs that Wall Street wouldnâ€™t be left to deal with problems in the mortgage and credit ... Bad credit tops terror as risk to economy
2007-08-31 07:13:00
Some modest mortgage proposals unveiled by Bush
Detroit Free Press - Some modest mortgage proposals unveiled by Bush Housing analysts: Plans no cure-all ... roller-coaster 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 ...
2007-09-01 07:02:00
Bush offers ideas for credit crisis
Daily News Journal - How are we going to fund the education of the families that need to get out of these situations and repair their credit caused by these bad loans?" Scott Ractliffe, president-elect of the Tennessee Mortgage Bankers Association, said the FHA should ...
2007-09-01 07:59:00

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