Mortgage and Financial News From 2007-11-6 Page 18

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  • Half of Slovak households have loans

    Slovak Spectator - Mortgage loans help to finance housing in one in 10 households. According to GfK, younger people are more open towards loans, because they do not feel any reservations about falling into debt. The most courageous are young people aged 20 to 35, who ...
    2007-11-06 04:53:00

  • Citigroup's Stuckey to Run Subprime Unit After Losses (Update5)

    Bloomberg - Subprime mortgage securities have tumbled in value as defaults for such loans in securities rose to the highest on record. Citigroup's losses accumulated as the value of some CDOs was wiped out. ``We are far from being out of the woods ...
    2007-11-06 07:37:00

  • IndyMac posts $203M loss, could cut dividend

    CNN Money - Lenders, like IndyMac rely on secondary markets to replenish capital to originate new loans. The mortgage lender also cut 1,547 jobs during the third quarter, resulting in a one-time, pretax charge of $27.6 million, or 23 cents per share, related to ...
    2007-11-06 07:23:00

  • IndyMac Reports $202.7 Million Loss on Late Payments (Update4)

    Bloomberg - IndyMac was the largest ``Alt-A'' home lender in the U.S. in 2006, according to data from trade publication Inside Mortgage Finance. The loans are an alternative for A-rated borrowers who fall short of standards for regular prime mortgages. The risk ...
    2007-11-06 07:37:00

  • IndyMac mortgage loss dwarfs its own forecast

    MSN MoneyCentral - As investors stopped buying these loans, IndyMac shifted toward smaller, safer loans that Fannie Mae and Freddie Mac will buy. Countrywide and GMAC did the same. Quarterly mortgage production fell 30 percent to $16.8 billion, and IndyMac's ...
    2007-11-06 06:40:00

  • Millions of homeowners face mortgage shock

    Times Online - Sub-prime mortgage rates have always been higher than those on standard loans, but someone with a £150,000 interest only currently paying a rate of 6.5 per cent, would see their repayments leap by £500 a month if they went on to an SVR of 10.5 per ...
    2007-11-06 06:12:00

  • Citizens Home Loan to Approve Mortgage Applicants Using Alternative ...

    Forbes - PRBC and Citizens Home Loan said the partnership is active and loans can be funded using PRBC Reports today. Consumers and mortgage brokers can learn more by visiting www.prbc.com and www.chldirect.com. About Citizens Home Loan Citizens Home Loan (CHL ...
    2007-11-06 05:14:00

  • Fitch Downgrades StanCorp Financial Group & Subsidiaries

    Forbes - Fitch's specific concerns result from the company's operational concentration in the group long-term disability (LTD) business and investment concentration in commercial mortgage loans, respectively. Fitch continues to have a favorable view of SFG's ...
    2007-11-06 06:19:00

  • 3 accused of mortgage fraud

    Modesto Bee - A Web site maintained by one of the key players in a Modesto-based mortgage elimination scheme sug- gested that homeowners could legally write off their loans by filing some simple paperwork with government agencies. Real estate agents who face a ...
    2007-11-06 05:43:00

  • British Bankers Tallying Subprime Losses

    CNBC - Banks worldwide have been affected by the rising defaults on mortgage loans made to risky borrowers in the United States because many of those loans were packaged into securities that were sold to financial institutions. The rising default rates cut ...
    2007-11-06 05:29:00

  • Buyers lock in to avoid rate shock

    News.com.au - FIXED-rate loans have increased about 40 per cent over the past three months as borrowers attempt to avoid rising interest rates. At wholesale mortgage financier AFG, 23.2 per cent of mortgage loans written in October were at fixed interest rates, up ...
    2007-11-06 05:29:00

  • Economy minister: Japan closely monitoring US economy, subprime ...

    CNBC - Fallout from the crisis continued to emerge after U.S. banking giant Citigroup Inc. warned it plans to book $8 billion to $11 billion in additional losses linked to subprime mortgage loans. Asked separately about the Citigroup losses, Finance Minister ...
    2007-11-06 07:52:00

  • What are all these fees and why is a mortgage so expensive? (Cocke County Online)

    Not only are the expenses associated with a mortgage hard to understand, people often wonder why a loan costs so much. Here's a little background info to explain why home financing isn’t cheap…
    2007-11-06 12:32:57

  • IndyMac Reports $202.7 Million Loss as Mortgages Sag (Update1) (Bloomberg.com)

    Nov. 6 (Bloomberg) -- IndyMac Bancorp Inc., the second- largest independent U.S. mortgage lender, reported its first loss in more than eight years in the third quarter as the company made fewer loans.
    2007-11-06 04:42:41

  • Banks report tightening standards on mortgage and other types of loans (Savannah Morning News)

    WASHINGTON - More banks have tightened lending standards on home mortgages, the Federal Reserve said Monday in the latest sign of fallout from a spreading credit crisis.
    2007-11-05 09:56:15

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