Mortgage and Financial News From 2007-9-1 Page 14
Previous Day: 2007-08-31
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Pace of home price increases is slowest in nearly 13 years
Baltimore Sun - OFHEO's index is calculated based solely on loans purchased or turned into mortgage securities by the government-sponsored mortgage giants, Fannie Mae and Freddie Mac, which make up about two-thirds of the U.S. home mortgage market. Other reports have ...
2007-08-31 03:38:00 -
US stocks rally on Bush mortgage plan, Fed remarks
Earthtimes - Washington - US stocks surged Friday after President George W Bush and Federal Reserve chief Ben Bernanke pledged to keep the home mortgage crisis from dampening economic growth. Financial and consumer shares rose after Bush said the US government ...
2007-08-31 10:12:00 -
Analysts: Triad Guaranty must revise
Winston-Salem Journal - It took a blow when American Home Mortgage Investment Corp., the company’s third largest customer in 2006 representing 11 percent of revenues, filed for bankruptcy Aug. 6. On July 26, Triad Guaranty reported that its incurred losses were nearly $42 ...
2007-09-01 06:04:00 -
Trustee: Bar American Home Law Firm
Forbes - Federal bankruptcy monitors have moved to block American Home Mortgage Investment Corp. from hiring Cadwalader, Wickersham & Taft, citing a conflict of interest stemming from the law firm's role in an ill-fated offering of American Home stock this ...
2007-08-31 09:36:00 -
President Bush offers hope to homeowners stuck in subprime mortgage ...
New York Daily News - He rejected any direct government aid to homeowners losing their houses to foreclosures, saying he only supported federal government help that would encourage refinancing and educate prospective home buyers about risky mortgage terms "Anybody who ...
2007-09-01 12:35:00 -
The End of the Mortgage Party
CBS News - Over the past decade, as the rate of homeownership surged, it was the best of times for folks in the mortgage business and the home buyers who borrowed their money. The talk at backyard cookouts and parties was about low interest rates, easy-to-get ...
2007-08-30 02:13:00 -
Indian whiz Deven Sharma named President of S&P
Times of India - WASHINGTON: The growing home mortgage crisis in the United States is threatening to knock the bottom from the world economy, but it has catapulted an Indian to the top of the financial information world. Deven Sharma, a graduate of Birla Institute of ...
2007-09-01 04:03:00 -
How Did the Mortgage Crisis Rise?
Yahoo Finance - It was capped by the August 6 bankruptcy by Melville, N.Y.-based American Home Mortgage Investment Corp. American Home, once the nation's 10th largest mortgage lender, said it fell victim to "extraordinary disruptions" that effectively cut off the ...
2007-09-01 03:48:00 -
Five big mortgage mistakes (Pioneer Press)
With housing prices leveling off or falling in many parts of the country, it's a good time for qualified buyers to shop around for a new home. But Bankrate.com editor Elizabeth Razzi warns there are five pitfalls to avoid when trying to secure a mortgage:
2007-09-01 05:10:32 -
Trustee: Bar American Home Law Firm (AP via Yahoo! Finance)
Federal bankruptcy monitors have moved to block American Home Mortgage Investment Corp. from hiring Cadwalader, Wickersham & Taft, citing a conflict of interest stemming from the law firm's role in an ill-fated offering of American Home stock this year.
2007-08-31 09:32:53 -
Accredited Home soars on new takeover bid (Washington Post)
NEW YORK (Reuters) - Accredited Home Lenders Holding Co (LEND.O) shares rose 43 percent on Friday after Lone Star Funds said it was prepared to buy the subprime mortgage lender at a lower price than it previously agreed to pay.
2007-09-01 12:37:28 -
Investor Notice: Susman Heffner & Hurst LLP Has Filed Shareholder Class Action on Behalf of American Home Mortgage ... (Business Wire via Yahoo! Finance)
NEW YORK----Susman Heffner & Hurst LLP has filed a class action on behalf of shareholders who purchased American Home Mortgage Investment Corp., common stock in AHM's April 30, 2007, secondary offering for four million shares of AHM common stock at $23.80 per share.
2007-08-31 05:35:00 -
Ameriquest closes, Citigroup buys mortgage assets (Washington Post)
NEW YORK (Reuters) - Ameriquest Mortgage Co, the largest U.S. subprime lender as recently as 2005, is closing, the latest home loan provider to shut down amid the nation's housing market slump.
2007-09-01 02:03:05 -
Lone Star To Stay Alone
Forbes - Mortgage rates climbed, and the 30-year fixed rate now stands at roughly 6.7%, Plesser pointed out. This, plus stricter lending standards and weak housing demand, will likely continue pressuring mortgage originations. All told, he expects new ...
2007-08-31 10:19:00 -
Bush's Plan Brings FHA To Mortgage Front Line
Washington Post - ... of refinancing into loans it insures, but only if they made payments on time for six months before their loans reset to higher rates and their mortgages reset between June 2005 and December 2009. The FHA does not make loans; it provides mortgage ...
2007-09-01 04:17:00
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