Mortgage and Financial News From 2007-12-25 Page 5
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Japan's Consumer-Price Gains Probably Quickened as Oil Surged
Bloomberg - The current pickup in consumer-price inflation is not, in our view, the type that would prompt the Bank of Japan to raise interest rates,'' said Tetsufumi Yamakawa, chief economist at Goldman Sachs Group in Tokyo, who used to work at the central bank ...
2007-12-25 01:42:00 -
Housing Woes A Recession Catalyst?
CBS News - Everyone agrees that the rapid rise in home prices led to increase in spending relative to incomes," said Thomas Lawler, a former official at mortgage lender Fannie Mae who is now a private housing and finance consultant. "The question is what will ...
2007-12-20 03:56:00 -
Mom of 3 who lost her home 'thankful"™
Santa Cruz Sentinel - Her lender, Wachovia, took back the property Dec. 12 after she owed $23,000 on her mortgage. She and husband bought the home in 1999 for $229,000. They refinanced to make improvements, and she made the payments herself after they split in 2004. A ...
2007-12-24 11:51:00 -
N.Y.ers to get $18M from home lender
New York Daily News - Demonstrators outside Washington Mutual branch in Manhattan protesting lending practices prepare sign Monday depicting bank as Grinch: "How the Banks Stole Christmas." Nearly 14,000 New Yorkers stung by a predatory mortgage company will share in an ...
2007-12-25 01:46:00 -
AMERIQUEST MORTGAGE $18 million paid in lending settlement
Chicago Tribune - Ameriquest Mortgage Co., once the biggest home-mortgage lender to people with credit problems, paid New Yorkers more than $18 million as part of a previously disclosed nationwide settlement of a predatory lending case. Proceeds from the settlement ...
2007-12-24 11:51:00 -
"Foreclosures give Pro-Home all it can handle" (The Taunton Gazette)
Mary Ellen Rochette has one very important piece of advice to local homeowners having trouble keeping up with their mortgage payments: Call her and her agency sooner rather than later.
2007-12-25 12:36:31 -
N.Y.ers to get $18M from greedy home lender (New York Daily News)
Nearly 14,000 New Yorkers stung by a predatory mortgage company will share in an $18million restitution fund this holiday season, state authorities said Monday.
2007-12-25 01:32:47 -
Mortgage company settles case (The Morning Call)
Ameriquest pays New Yorkers $18 million toward deception claims. Ameriquest Mortgage Co., once the biggest home-mortgage lender to people with credit problems, paid New Yorkers more than $18 million as part of a previously disclosed nationwide settlement of a predatory lending case.
2007-12-25 12:26:16 -
As home prices drop, counties adjust tax rates
Los Angeles Daily News - ... officials in areas already facing large numbers of foreclosures and slumping sales, products, in part, of the mortgage ... the value of taxable residential land had declined by $2.9 billion in California from 2005 to 2008 based on current tax rates ...
2007-12-21 03:55:00 -
Subprime bailout irresponsible too
Herald Tribune - Why did my family and I pay our mortgage on time ... of loose credit policies, lowered interest rates and taxes when they should be raised, and no real plan to pay off this debt of $10 trillion.
2007-12-25 01:17:00 -
Financial forecasters can't say how low it will go
Chicago Tribune - The Federal Reserve's move to provide economic stimulus by sending interest rates ... hundreds of billions of dollars' worth of financial instruments backed by mortgage ... In the current environment, he predicts, "inflation will slow, unemployment will ...
2007-12-24 11:51:00 -
Related Tickers
Motley Fool - ... highly leveraged bet on collateralized debt obligations (CDOs) that went bad ... you take a pool of assets that earn interest, like car loans, mortgages, or credit ... An individual auto loan or mortgage is very illiquid; once securitized, it becomes ...
2007-12-24 04:39:00 -
DODD MIA AS BANK CHAIR ...
Nation - ... over some pretty important issues, including the recent subprime mortgage meltdown. ... seems the latter is taking precedence over the former, which is really too bad ... more than a year...relied on another panel to press for an overhaul of the credit ...
2007-12-24 01:07:00 -
Palm Drive stays optimistic despite poor credit rating
North Bay Business Journal - ... after receiving both favorable and unfavorable news last week from two credit ... market is really in turmoil right now with all the trouble in subprime mortgage bonds ... reassessing the actual cost of providing services in light of charity care, bad ...
2007-12-24 01:07:00 -
Merrill Lynch's new CEO moved swiftly to improve the company's balance ...
Miami Herald - shore up Merrill's balance sheet, which has been battered by the global credit turmoil. Deteriorating mortgage-related investments and ... to be released in January, the investment and asset sale were seen as getting ahead of any potential bad ...
2007-12-25 07:15:00