Mortgage and Financial News From 2008-7-19 Page 6
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Mortgage insurer MGIC sees light at end of tunnel - Reuters
NEW YORK (Reuters) - MGIC Investment Corp (MTG.N: Quote , Profile , Research , Stock Buzz ), the largest U.S. mortgage insurer, posted a second-quarter loss on Thursday as more homeowners fell behind on loan payments. But Chief Executive Curt Culver ...
2008-07-17 11:00:00 -
The Economy - CBS News
(Political Animal) THE ECONOMY.... A few days ago, in passing, I remarked that I was impressed (surprised?) by the ability of our economy to absorb so much catastrophe in such a short time without things being even worse than they are. What accounts ...
2008-07-19 08:42:00 -
U.S. Stocks End Six-Week Skid on Bank Earnings, Fannie Mae Plan - Bloomberg
July 19 (Bloomberg) -- U.S. stocks rallied, halting a six- week slide, after earnings from Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co. topped estimates and regulators stepped up efforts to buoy the nation's biggest mortgage financiers ...
2008-07-19 11:26:00 -
Dell and other PC markers shipping more units - Dallas Morning News
SEATTLE — Dell Inc. did particularly well, but computer shipments from all brands rose faster than expected in the second quarter. The strong performance was fueled by exceptional demand in emerging markets and a decline in prices in the U.S. and ...
2008-07-18 10:59:00 -
Fannie Mae, Freddie Mac: Investors Flee - MSN MoneyCentral
It's not often that Federal Reserve Chairman Ben Bernanke plays second fiddle when he makes his twice-yearly trip to Capitol Hill to outline his current outlook on monetary policy and the economy. But with all eyes on the extensive proposals put ...
2008-07-18 07:53:00 -
How the U.S. Financial Crisis Resembles Japan’s 'Lost Decade' - And ... - Seekingalpha.com
If you think the "Lost Decade" Japan endured during the 1990s was deep and painful, stick around: As the global financial crisis that was jump-started by the meltdown of the subprime mortgage market continues to unwind, the U.S. economy is headed for ...
2008-07-18 11:49:00 -
Twin twisters, Freddie Mac and Fannie Mae, wreak disaster - Seattle Post Intelligencer
It was another of those frantic weeks that were never meant to happen in the world's most advanced economy. On July 13 Hank Paulson, America's treasury secretary, stood on his department's steps like some emerging-market finance minister, and ...
2008-07-18 12:10:00 -
The Goal of Mortgage Disclosure: To Underwrite Yourself - American Enterprise Institute
Thank you, and special thanks to the FTC for holding this exceptionally interesting and useful discussion. My talk is about the Pollock one-page form. Here it is [available at www.aei.org/Pollock ]. One of our colleagues at lunch said, "Well, I ...
2008-07-18 10:37:00 -
Measuring the safety of reverse loans - Chicago Tribune
WASHINGTON - With an estimated 77 million Baby Boomers about to hit their golden years, the reverse-mortgage market is heating up. Not necessarily by the senior set, less than 2 percent of whom have decided to turn the equity in their homes into cash ...
2008-07-18 08:00:00 -
Securitization and the Mortgage Mess - Wall Street Journal
The search for causes of the housing-market collapse has begun. Two key congressional leaders claim to have identified some main culprits, but their explanations are incomplete. Sen. Christopher Dodd (D., Conn.), chairman of the Senate Banking ...
2008-07-18 06:27:00 -
Q: Are fees charged by mortgage lenders set? - Louisville Courier-Journal
A: No, but they're limited. The new mortgage law passed by the General Assembly specifies that an originating lender or mortgage broker can receive no more than $2,000 or 4 percent of the loan amount, whichever is greater, from the consumer. Charges ...
2008-07-18 01:19:00 -
Fairytale beginning turns into horror story for mortgage broker - The Age
IT SEEMED like a good idea at the time" is a phrase Lancelot and a few thousand other participants in global financial markets have been uttering, more than once, over the past year. Of course, some of those "market participants" were thousands of ...
2008-07-17 06:28:00 -
Money for nothing, but a hitch or two - News.com.au
Email article Printer friendly Text size + - Share Add to Digg Add to del.icio.us Post to NewsVine Post to Facebook What are these? THE Federal Government promised its much-publicised First Home Saver Account Scheme would start this month, but ...
2008-07-19 07:30:00 -
Honor Your Word, or This Banker May Call Mom - The Ledger
Who needed a local banker when a mortgage broker could easily connect you with financing from some faraway lender? Internet banks offered savings accounts with interest rates far superior to community banks’ pathetic payouts, and brokerage firms ...
2008-07-19 03:34:00 -
Swindled Out Of A Home By A Mortgage Broker - NPR News
Day to Day , July 17, 2008 · Last year, Erwin and Inger Young of Sandwich, NH were swindled out of the deed to their home. The couple was separating and refinancing seemed the best way out of a money hole, but they ended up caught in a common ...
2008-07-17 10:17:00