FDIC’s IndyMac moves model for bailout - Boston Herald

September 29th, 2008 by admin

Boston Globe
FDIC’s IndyMac moves model for bailout
Boston Herald, United States - 21 hours ago
But for consumers - especially those looking for a new mortgage or who are deep in trouble on their current house payments - the plan could have more
Feds' lifeline to sinking borrowers could save homes Seattle Times
Bailout's dry run for troubled borrowers? San Francisco Chronicle
In the eye of the storm Boston Globe
The Canadian Press - Lew Rockwell
all 53 news articles

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Bailout: Little help for homeowners - CNNMoney.com

September 29th, 2008 by admin
Bailout: Little help for homeowners
CNNMoney.com - 9 hours ago
Credit enhancements usually reduce the risk of mortgage securities or loans in case borrowers default. Servicers have been under pressure to modify loans
Students to Secretary Paulson: Bail Out Distressed Borrowers, Not Chronicle of Higher Education (subscription)
all 5 news articles

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Wachovia Option-ARM Mortgage Losses May Force Merger (Update2) - Bloomberg

September 29th, 2008 by admin

Washington Times
Wachovia Option-ARM Mortgage Losses May Force Merger (Update2)
Bloomberg - 18 hours ago
Option ARMs allow borrowers to skip part of their payment and add that sum to their principal. Monthly payments increase after five years or once the loan
Bailout plan could aid firms that buy troubled banks Los Angeles Times
Citigroup gets Wachovia Washington Times
Wachovia's South Florida operations South Florida Business Journal Bizjournals.com
MarketWatch - Political Cortex
all 65 news articles

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Online Mortgages - The End of the Era of Loan Officers - MarketWatch

September 29th, 2008 by admin
Online Mortgages - The End of the Era of Loan Officers
MarketWatch - 9 hours ago
As a result, companies like Close Your Own Loan.com are putting more resources in the hands of the borrowers so they can choose their own online mortgage.
Rescue Includes Steps to Help Borrowers Keep Homes Wall Street Journal
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Act now to beat fresh loan freeze - Times Online

September 28th, 2008 by admin

BBC News
Act now to beat fresh loan freeze
Times Online, UK - Sep 27, 2008
This is good news for borrowers who already have a base-rate tracker, as their repayments will fall in line with Bank rate. However, for anyone remortgaging
Leading mortgage lenders raise borrowing costs guardian.co.uk
Mortgage costs up amid volatility BBC News
Lenders hike mortgage rates The Press Association
Telegraph.co.uk - Times Online
all 240 news articles

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What is Libor? Answers to interest-rate questions - The Associated Press

September 28th, 2008 by admin
What is Libor? Answers to interest-rate questions
The Associated Press - 6 hours ago
Rising interest rates are not good for borrowers facing foreclosure, said Jay Brinkmann, chief economist with the Washington-based Mortgage Bankers

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Some good news for Main St, Australia - The Australian

September 28th, 2008 by admin

Visit Bulgaria
Some good news for Main St, Australia
The Australian, Australia - 13 hours ago
The Rudd Government must also introduce prudential regulations to prevent non-bank mortgage lenders and mortgage brokers from taking advantage of borrowers.
The credit squeeze explained Special Broadcasting Service
Mortgage boost may 'flow through to interest rates' ABC Online
4 billion homes rescue package NEWS.com.au
Sydney Morning Herald - Australia.TO
all 445 news articles

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A harder time finding home loans - Buffalo News

September 28th, 2008 by admin
A harder time finding home loans
Buffalo News,  United States - 16 hours ago
Underwriters are tightening up on loan-to-value, requiring borrowers to put down at least 5 percent of the home value, and mandating private mortgage
Sub-Prime Mortgage Crisis: Caused By Lack Of Regulations? istockAnalyst.com (press release)
Credit crisis: Melting pot of problems Atlanta Journal Constitution
Economy no reason to forgo home ownership Chicago Daily Herald
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FHA loans enjoy a boom - Baltimore Sun

September 14th, 2008 by admin

Best Syndication
FHA loans enjoy a boom
Baltimore Sun, United States - 18 hours ago
Most borrowers will pay upfront mortgage insurance premiums of 1.75 percent of their loan amount rather than 1.5 percent and annual premiums of 0.55 percent
Getting a loan is tough, here's what you need to know Arizona Republic
Playing by a different set of rules for loans Chicago Tribune
Free yourself From Foreclosure With Fha…… Best Syndication
Kansas City Star - U.S. News & World Report
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Alt-A may be the new home loans disaster - Economic Times

September 14th, 2008 by admin
Alt-A may be the new home loans disaster
Economic Times, India - 6 hours ago
US borrowers have Alt-A mortgages totaling $1 trillion, compared with $855 billion of subprime loans outstanding, according to Inside Mortgage Finance,
Prime jumbo bond losses seen rising, short of Alt-A Forbes
all 2 news articles

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