Mortgage and Financial News From 2007-10-28 Page 16
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Profile | Wilbur Ross, buyer of failed companies
Seattle Times - ... of borrowers behind on their payments hit a five-year peak in the second quarter, the Mortgage Bankers Association reported. The figure may climb by the end of 2007 as interest rates jump for 450,000 borrowers with subprime adjustable mortgages ...
2007-10-28 12:06:00 -
Goldman’s credit crunch bet helps boost profits
Daily Telegraph - ... global credit crunch at the start of June at a time when some of its rivals were still increasing their exposure to US mortgages. Wall Street sources say the bank hedged all of its $1bn exposure to mortgage-backed securities at the end of its second ...
2007-10-27 03:52:00 -
District 5: Bennett vs. 'New Election'
St. Petersburg Times - If Bennett wins, he earns a second, full, four-year term. (He was first elected in 2001 to fill Larry Williams' council ... Mortgages, credit cards. Source of income: Council salary, lawn business. Web site: www.electbennett.com. [Last modified ...
2007-10-27 09:57:00 -
Slow housing market speeds up scam Predatory buyers are borrowing more ...
Palm Beach Post - In January, they resold the home in the gated community along State Road 7 for the same price to Anthony Champagne, who likewise took out first and second mortgages totaling $585,000. The property now is in foreclosure. Reached by phone, Natacha ...
2007-10-27 10:18:00 -
S.J. County foreclosures continue to claim victims
Record - The full purchase price was covered by first and second mortgages. They did not respond to requests for comment. S.O.P inspection Coldwell Banker Grupe real-estate agent Dave Harmon, the foreclosure specialist handling the house out of which Stoneback ...
2007-10-27 11:51:00 -
City bank endures bad-loan crewcut
Baltimore Sun - The bank has another $800 million in loans on the books, including maybe $100 million in second mortgages and home-equity lines of credit. Almost all are in Maryland, where First Mariner knows the turf and dealt with borrowers firsthand, unlike in ...
2007-10-28 12:13:00 -
Interbank lending cut back in Q2 (Financial Times)
Banks sharply cut back lending to each other in the second quarter, ahead of the collapse of the interbank lending market in August, provisional data from the Bank for International Settlements showed.
2007-10-27 02:40:56 -
Wall St waiting for cut in interest rates (Gulf Times)
NEW YORK: Wall Street expects a two-day Federal Reserve meeting next week to end with another cut in interest rates as financial firms struggle with losses tied to subprime mortgages and related securities.
2007-10-27 09:51:01 -
Goldman’s credit crunch bet helps boost profits (Daily Telegraph)
Goldman Sachs made a $1bn bet on an impending global credit crunch at the start of June at a time when some of its rivals were still increasing their exposure to US mortgages.
2007-10-27 04:47:12 -
After the Fires — A Housing Rebound? (Time Magazine)
The wildfires were San Diego's second big catastrophe this year. The first was the collapsing real estate market and the attendant slowdown in the local jobs market. Will the fires worsen the property situation? Or will it be the impetus for the revival of the local economy?
2007-10-27 09:23:55 -
Trick or treat: Be scared of late-night TV 'help' (Greeley Tribune)
Misinformation and insomnia make great bedfellows. Late-night television is filled with too-good-to-be-true solutions for everything from unmanageable mortgages and other debt woes to health care.
2007-10-28 12:12:50 -
Subprime mortgages: Danger ahead (Albany Democrat-Herald)
Lori DeBord knows how to keep a lot of plates spinning. A 40-year-old mother with three boys, she kept the bills paid by running her own small business, the Albany Dance Academy.
2007-10-27 11:32:08 -
Michael Jackson's running out of money
Monsters and Critics - ... amount — $23 million plus $212,963.83 in interest ... reports that the ranch is not Jackson’s only piece of highly leveraged property. According to records, the Jackson family home in Encino — which Michael owns — carries a $4 million mortgage.
2007-10-27 09:21:00 -
Dollar weakness not a storm in a tasse de thé
Daily Telegraph - ... on about the impact of the credit crunch on the US – and how subprime mortgage ... housing market, the US consumer and the Federal Reserve's next interest rate ... The region is now set to slowdown quite sharply – expanding by only 2 per ...
2007-10-27 03:23:00 -
Howard dishonest on rates promise: Rudd
West Online - ... in terms of their monthly mortgage repayments." Mr Rudd criticised Mr Howard for his defence of two days of Liberal Party advertising in 2004 to keep interest rates at record lows. "When challenged on this, Mr Howard said that advertisement only lasted ...
2007-10-27 08:38:00