Mortgage and Financial News From 2008-2-27 Page 5
Previous Day: 2008-02-26
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Citigroup lobbied on mortgages, loans
Boston Globe - Citigroup lobbied on mortgages, loans ... Citigroup spent $120,000 lobbying on those issues in the second half of 2007.
2008-02-24 03:57:00 -
Northern Rock bought rugby fields three weeks before crisis
Daily Telegraph - However, investors are keen to see the figures in the hope they give more detail on Northern Rock's performance during its crisis-hit second half of the year. Northern Rock wrote almost a fifth of all new UK mortgages in the first half of 2007 ...
2008-02-27 06:31:00 -
Bad Numbers
Washington Post - The figure suggests that the subprime mortgage crisis may have metastasized into a ... The estimate includes not only primary but secondary residences such as country ... Loan modification goes against both the short-term economic interest and the ...
2008-02-25 10:08:00 -
Nationwide squeezes all but the most cash-laden buyers
Times Online - Mortgage borrowers unable to muster a big deposit have become the latest victims of ... than 75 per cent of a property's value that they will pay higher rates of interest ... Before last Friday the same borrower would have required a deposit of only £15 ...
2008-02-25 01:40:00 -
Long live the spring training notes
ESPN.com - ... ticket plan in which fans have the option of paying with a subprime rate mortgage ... batting practice Tuesday and said he is willing to come out of retirement only ... LOS ANGELES -- In an effort to generate interest in a region of the world that ...
2008-02-27 02:49:00 -
Key worker home scheme gets revamped
Guardian Unlimited - But a homebuyer taking out a 50% mortgage will have to pay interest on the top-up loans from day one. ... where the state hands a buyer 17.5% of the purchase price in the form of an interest-free, fee-free loan. It is claimed that, at most, only ...
2008-02-26 04:16:00 -
Fitch Affirms BSCMSI 2004-BBA5
Forbes - Fitch Ratings affirms all classes of Bear Stearns Commercial Mortgage Securities Inc. Trust (BSCMSI) 2004-BBA5 as follows: --Interest-only class X1-B at 'AAA'
2008-02-25 10:05:00 -
What Bernanke told Congress
Globe and Mail - Changes in the availability of mortgage credit amplified the swings in the housing ... credit quality of mortgages, especially subprime mortgages with adjustable interest ... of appropriate monetary policy, show that real GDP was expected to grow only ...
2008-02-27 02:27:00 -
Nationwide Building Society restricts best mortgage deals in credit ...
Forbes - LONDON (Thomson Financial) - Nationwide Building Society, the UK's second largest mortgage lender, has increased its rate of interest on mortgages ... If the only way to do that is to accept a smaller market share then we will.
2008-02-25 10:51:00 -
Bush Vows to Veto a Mortgage Relief Bill
Insurance News Net - They will likely charge a higher interest rate, likely charge more points on the mortgage and likely demand higher down ... for providing relief are so narrow that it is expected to help only a tiny fraction of the 1.8 million subprime mortgage ...
2008-02-27 12:04:00 -
Stocks End Mixed After Busy Day
BusinessWeek - ... lifted when Federal Reserve Chairman Ben Bernanke implied more interest rate cuts are on the way, and regulators took steps to loosen up the tight mortgage ... he wrote, "Such measures to boost liquidity and aid distressed mortgage borrowers will only ...
2008-02-27 03:03:00 -
Ashford Hospitality Trust Reports Fourth Quarter Results
Forbes - ... 47.5 million term loan secured by 1 hotel property, matures October 10, 2008, at an interest rate of LIBOR plus 2.0%, with interest- only payments due monthly, with three one-year extension options - 47.5 47.5 Mortgage ...
2008-02-27 01:23:00 -
Clarification: Good Question! Mortgage tax breaks
CNBC - ... about the mortgage interest tax break, The Associated Press called the Alternative Minimum Tax a "bracket," implying that it automatically affects filers whose incomes reach certain levels.
2008-02-27 02:42:00 -
Fitch Rates Wells Fargo's $671MM P-T Ctfs Series 2008-AR1
Forbes - Approximately 86.18% of the mortgage loans are interest-only loans, which require only payments of interest until the month following the first adjustment date.
2008-02-27 01:59:00 -
Nationwide squeezes all but the most cash-laden buyers
Times Online - ... told customers wanting a loan for more than 75 per cent of a property's value that they will pay higher rates of ... The change came as figures published yesterday by the British Bankers' Association revealed that mortgage approvals for new home purchases ...
2008-02-25 02:08:00
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