Mortgage and Financial News From 2008-1-14 Page 61
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SE Asia Stocks-Fall on US concerns, Singapore down 2 pct - Reuters
SE Asia Stocks-Fall on US concerns, Singapore down 2 pctReuters - 1 hour agoJK slipped 2.2 percent after it said it plans to boost its outstanding loans by at least 20 percent in 2008 and is setting aside 1 trillion rupiah ($106 ...
2008-01-14 02:04:32 -
Why Britain's subprime problem is bigger than you think - MoneyWeek (Subscription)
Why Britain's subprime problem is bigger than you thinkMoneyWeek (Subscription), UK - 1 hour ago... securities that have already caused such problems for the banks in the mortgage sector, have also been used to parcel up credit card and car loans. ...
2008-01-14 02:07:01 -
NO community banks serve us well - New Orleans CityBusiness
NO community banks serve us wellNew Orleans CityBusiness, LA - 51 minutes agoWe would all be better served if regulators pursued a return to financial loans geared to repayment ability rather than quick resale. Here in New Orleans, ...
2008-01-14 02:58:21 -
THOUSANDS ARE HIT BY RISING MORTGAGE DEBT - Leicester Mercury
THOUSANDS ARE HIT BY RISING MORTGAGE DEBTLeicester Mercury, UK - 50 minutes ago"It's happening to everybody, but it tends to be the middle-classes, because they have the jobs, the credit cards, the loans and the cars. ...
2008-01-14 02:59:16 -
Bankruptcy filings increase - Portsmouth Herald News
Bankruptcy filings increasePortsmouth Herald News, NH - 42 minutes agoHigh fuel and heating costs, slow job growth, credit card debt and the mortgage crisis are expected to drive another surge in bankruptcies this year. ...
2008-01-14 03:07:40 -
Above the fray - InvestmentNews
Above the frayInvestmentNews, NY - 40 minutes agoBy Sara Hansard Banks that made loans to their Community Reinvestment Act assessment areas in 2006 were substantially less likely than other lenders to make ...
2008-01-14 03:08:55 -
AARP: Lenders abuse reverse mortgage sales - InvestmentNews
AARP: Lenders abuse reverse mortgage salesInvestmentNews, NY - 40 minutes agoHomeowners using a reverse mortgage borrow against the equity of their house and receive payments from a bank. The loan is repaid with interest when the ...
2008-01-14 03:08:58 -
How Complexity Ruined Wall St: No One Read The Instruction Book - 24/7 Wall St.
How Complexity Ruined Wall St: No One Read The Instruction Book24/7 Wall St., NY - 24 minutes ago... the investigation "centers on how the banks bundled billions of dollars of exception loans and other subprime debt into complex mortgage investments. ...
2008-01-14 03:25:35 -
Home loan changes are inevitable - Lancaster Eagle Gazette
Home loan changes are inevitableLancaster Eagle Gazette, OH - 14 minutes agoExperts also say homeowners in a financial squeeze over readjusting mortgage rates shouldn't assume lenders wouldn't work with them to modify their loan to ...
2008-01-14 03:35:30 -
Lender on borrowed time gives record-breaking CFO bonus deal - Finance Week
Lender on borrowed time gives record-breaking CFO bonus dealFinance Week, UK - 8 minutes ago... defaulting mortgage holders, including those with Sallie Mae’s ex-federal sibling Freddie Mac, it's possible that the loans scheme will find a public ...
2008-01-14 03:41:50 -
Government, banks, prices: how will they behave this year? - Mirror Weekly (Zerkalo nedeli)
Government, banks, prices: how will they behave this year?Mirror Weekly (Zerkalo nedeli), Ukraine - 6 minutes agoAt the same time, the rapidly increasing amount of loans to natural persons changes radically the banks’ credit portfolios, procedures, technologies, ...
2008-01-14 03:43:00 -
Credit Default Swaps doom and gloom - community blog from Chris Skinner (Finextra)
“If this had been a mere subprime crisis, it would now be over. But it is not, and nor will it be over soon. The reason is that several other pockets of the credit market are also vulnerable. Credit cards are one such segment, similar in size to the subprime market.
2008-01-14 02:31:46 -
GM: No Spike in Car Loan Defaults (Seattle Times)
General Motors Corp.'s top finance executive said Sunday he doesn't see the subprime mortgage mess spreading into auto loans at the company's former credit arm, GMAC financial services.
2008-01-14 02:33:18 -
A little southern exposure for Big Five? (Toronto Star)
Lookahead has already speculated on the ideal conditions for Royal Bank of Canada, say, to strengthen its southwest U.S. franchise by acquiring locally dominant SunTrust.
2008-01-14 02:55:49 -
Bankruptcy filings increase (Portsmouth Herald)
PORTLAND, Maine (AP) — The number of personal bankruptcy filings in Maine is growing, adding to concerns about Mainers' debt and the state's economy.
2008-01-14 03:09:27