Mortgage and Financial News From 2008-6-6 Page 11
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Overdue home loans up 70% in Md. - Baltimore Sun
The number of Maryland homeowners behind on their mortgage payments jumped a record 70 percent in the past year as a protracted housing slump and months of sharply tightened credit continue to take their toll. Delinquencies have not hit all-time ...
2008-06-06 12:14:00 -
When loan is sold to new lender, what are rules? - Chicago Tribune
Q : My mother-in-law's mortgage was sold to another lender. The new lender is asking for PMI, which was not required by her previous lender. She has more than 50 percent equity in her home. She really cannot afford the PMI. Does the new lender have ...
2008-06-06 01:47:00 -
ResCap's IDRs cut to 'D' on distressed debt exchange - Fitch - Forbes
BANGALORE (Thomson Financial) - Fitch Ratings said it cut long- and short-term issuer default ratings (IDRs) on Residential Capital LLC (ResCap), GMAC LLC 's troubled mortgage loan business, to 'D' from 'C' following completion of the company's ...
2008-06-05 11:38:00 -
Alliance & Leicester Commercial Bank enters contractor's market - Banking Business Review
Under the new partnership, members of Professional Passport will be able to access an enhanced version of Alliance & Leicester Commercial Bank's Free Business Current Account. The account offers a credit interest rate of 5.73% AER on balances up to ...
2008-06-05 06:42:00 -
Regulators watching banks' health as losses mount - FXStreet.com
WASHINGTON (AP) - Federal regulators assured Congress on Thursday that they are closely monitoring the nation's banks, thrifts and credit unions to ensure they are protected against spreading losses from soured mortgages and other holdings. Officials ...
2008-06-05 12:40:00 -
Trichet: ECB in 'state of heightened alertness' - Marketwatch
LONDON (MarketWatch) -- The European Central Bank is focused on its mandate to ensure price stability in the 15-nation euro zone amid upside risks to price stability, ECB President Jean-Claude Trichet said Thursday, after the bank's governing council ...
2008-06-05 05:59:00 -
SunJournal.com Privacy Policy - Sun-Journal
SunJournal.com is committed to protecting consumer privacy online. We believe that greater protection of personal privacy on the Web will not only protect consumers, but also increase consumer confidence and ultimately their participation in online ...
2008-06-06 12:57:00 -
Rock-bottom interest rates make no sense - Herald Tribune
Seniors who rely on CD interest share in this pain. With a 50-cent bagel now at 74 cents and gas at $4, belt-tightening is in order. However, the Federal Reserve cutting interest rates in the face of uncontrolled inflation does not make sense.
2008-06-06 01:19:00 -
I like to buy the whole album on CD - Hounslow Guardian
Frustration over the borough's recycling services has reached new levels after one resident found faeces in his paper waste and some streets were left looking like a "third world village". The recycling collection system changed last November and ...
2008-06-06 12:29:00 -
Bank of England set to freeze interest rates - MyFinances.co.uk
The Bank of England looks set to continue its freeze on interest rates today at five per cent, The central bank's monetary policy committee (MPC) will announce its decision on interest rates at midday amid soaring inflation and a slowing economy ...
2008-06-04 03:54:00 -
Interest rates held at 5% - Western Telegraph
Interest rates have been pegged at 5% as the Bank of England continues its fight to keep a lid on inflation. Policymakers have little scope to reduce rates after the Consumer Prices Index hit 3% amid fears that inflation could move higher in coming ...
2008-06-05 08:29:00 -
New York Mortgage Trust, Inc. Announces NASDAQ Listing and New Stock ... - Forbes
NEW YORK, June 4 /PRNewswire-FirstCall/ -- New York Mortgage Trust, Inc. (the "Company") (Nasdaq: NYMT), announced today that all steps have been completed for listing on the NASDAQ Stock Market and effective June 5, 2008 the Company will begin ...
2008-06-04 01:10:00 -
Fannie Mae, Freddie Mac commercial loans soar -MBA - Reuters
NEW YORK, June 3 (Reuters) - Mortgage finance giants Fannie Mae (FNM.N: Quote , Profile , Research ) and Freddie Mac (FRE.N: Quote , Profile , Research ) posted a record first quarter in commercial real estate lending as other investors pulled back ...
2008-06-03 02:30:00 -
Ground rent law violates the principles of due process, fair play - Baltimore Sun
Because Deloris McNeil missed paying a $96-a-year ground rent bill, she lost the Fayette Street house she had bought for $44,500 and lived in for years. The tiny, delinquent bill morphed into creditor-seizure powers that trumped fair play, common ...
2008-06-04 10:28:00 -
Mortgage Post Cards - Colleyville Courier
New Customers Save 20% on 100s ofdesigns, mailing. 48 hr turnaround. Increase loan production by regularly touching past borrowers, new clients, Realtors and financial professionals with newsletters that help increase repeat and referral business ...
2008-06-05 01:01:00