Mortgage and Financial News From 2007-9-28 Page 2

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  • Federal Home Loan Bank of San Francisco Announces Projected Dividend ...

    Forbes - The Federal Home Loan Bank of San Francisco delivers low-cost funding and other services that help member financial institutions make home mortgage loans to people of all income levels and provide credit that supports neighborhoods and communities ...
    2007-09-28 02:17:00

  • Renting vs. Buying

    Washington Post - Because of the growing number of foreclosures among people with weak credit and of people with little money for down payments, lenders are thinking twice before approving mortgage loans. No-money-down loans, which became popular during the real ...
    2007-09-28 02:31:00

  • ING Bank to acquire NetBank deposits

    Reuters - Office of Thrift Supervision said on Friday it closed NetBank and appointed the Federal Deposit Insurance Corp as receiver. ING Direct has $57 billion in deposits, $23 billion in mortgage loans and $75 billion of assets. (Reporting by Dan Wilchins ...
    2007-09-28 02:31:00

  • For Mortgage Seekers, It's Back to the Basics

    Washington Post - An abrupt shift back to the basics of mortgage lending has many house hunters nervous because several once-popular types of loans are disappearing. With urging from regulators, lenders faced with growing piles of bad loans have clamped down on the ...
    2007-09-28 02:31:00

  • Central bank: China to further rein in credit growth

    Xinhua News Agency - China's commercial banks are entering a high risk period for increasing housing mortgage loans, according to a report released by the China Construction Bank (CCB), the country's second largest commercial lender. The banks could face a ...
    2007-09-28 05:52:00

  • Regulators shut online bank NetBank

    Miami Herald - EverBank in July completed its acquisition of NetBank's mortgage servicing business, and the FDIC said Friday that EverBank will purchase about $700 million in mortgage loans. "Customers of NetBank should have confidence and security knowing that they ...
    2007-09-28 01:49:00

  • Fitch Rates $294.73MM Bayview Financial Asset Trust 2007-SSR2

    Forbes - Each of the Underlying Securities represents senior interest in an underlying pool of loans consisting of fixed and adjustable rate residential mortgage loans; small balance commercial, multi-family and mixed use loans; and installment contracts for ...
    2007-09-28 02:39:00

  • Feds pull plug on NetBank

    St. Petersburg Times - EverBank in July completed its acquisition of NetBank's mortgage servicing business, and the FDIC said Friday that EverBank will purchase about $700-million in mortgage loans. "Customers of NetBank should have confidence and security knowing that ...
    2007-09-28 09:05:00

  • A book of stamps and a mortgage please (Guardian Unlimited)

    ATV licence, tax disc for the car ... oh, and I'll have a new mortgage while you're at it. The Post Office this week announced it is moving into the home loans business.
    2007-09-28 04:04:02

  • Adjustable mortgage reset expected to push more toward foreclosure (WKYC Cleveland)

    A year ago the U.S. mortgage industry wrote a record number of home loans, more than 600,000.
    2007-09-28 03:52:43

  • Mortgage Defaults Climb Again (The Tampa Tribune)

    More American homeowners are missing mortgage payments, pushing defaults on privately insured home loans up 30 percent last month from year-earlier levels, according to a trade group.
    2007-09-28 07:43:57

  • For Mortgage Seekers, It's Back to the Basics (Washington Post)

    An abrupt shift back to the basics of mortgage lending has many house hunters nervous because several once-popular types of loans are disappearing.
    2007-09-28 03:05:01

  • China's central bank ups mortgage interest rates, downpayment for 2nd residential loans (AP via Yahoo! Malaysia News)

    China has raised mortgage interest rates and increased the downpayment needed for loans to finance purchases of second homes, the central bank said in a notice seen Friday.
    2007-09-27 05:19:00

  • China's central bank raises mortgage interest rates, downpayment for 2nd residential loans (AP via Yahoo! Singapore News)

    China has raised mortgage interest rates and increased the downpayment needed for loans to finance purchases of second homes in a move aimed at countering property speculation that is driving up prices.
    2007-09-28 01:35:00

  • How will the Fed's rate cut affect your wallet?

    MSNBC - Better yet, dial up the company right now and ask what kind of interest rate your card carries. A variable rate means that the APR changes from time to time without notice, usually because it's tied to another rate like prime — a plus, at least in ...
    2007-09-26 05:54:00

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