Mortgage and Financial News From 2008-7-30 Page 4
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Most Home Corp. Signs Definitive Agreement to Purchase Operating ... - Forbes
SHELTON, Conn., July 30 /PRNewswire-FirstCall/ - Most Home Corp. (OTC Bulletin Board: MHME), a national provider of online customer service solutions for the mortgage and real estate industries with offices in Bellevue, Washington and Maple Ridge ...
2008-07-30 03:09:00 -
FDIC's Bair Says IndyMac `Unattractive' to a Potential Buyer - Bloomberg
July 30 (Bloomberg) -- Federal Deposit Insurance Corp. Chairman Sheila Bair said IndyMac Bancorp Inc.'s high-risk lending and mortgage losses make it ``unattractive'' and leave the agency needing to strengthen the firm to sell it. IndyMac's reliance ...
2008-07-30 01:22:00 -
Genworth Financial Rises After Affirms 2008 Forecast (Update1) - Bloomberg
July 30 (Bloomberg) -- Genworth Financial Inc. , the insurer spun off by General Electric Co., rose in New York trading after saying it expects to meet its forecast for 2008 operating profit. Genworth gained 45 cents, or 2.8 percent, to $16.71 in New ...
2008-07-30 01:08:00 -
GE Money gets out of Canadian mortgage business - Reuters
TORONTO, July 30 (Reuters) - A finance subsidiary of General Electric Co (GE.N: Quote , Profile , Research , Stock Buzz ) plans to wind up its Canadian alternative mortgage business this week as part of a wider corporate shift away from consumer ...
2008-07-30 12:25:00 -
Mortgage lending bill may spark housing market buying - Cumberland County Sentinel
Central Pennsylvania has not been hit as hard as the rest of the country by the burst of the housing market bubble, local realtors assert. Kay Hock, the Greater Harrisburg Association of Realtors president, attributed that stability to the ...
2008-07-30 12:18:00 -
181,000 troubled homeowners get help - CNN Money
NEW YORK (CNNMoney.com) -- A record number of American homeowners are seeking - and getting - help to solve their mortgage woes. More than 76,000 at-risk mortgage borrowers had their loans permanently modified in June to make them more affordable ...
2008-07-30 12:32:00 -
Mortgage finance report suggests funding gap higher than thought - Daily Telegraph
British banks are facing double the "repayment shock" on their securitised mortgages than previously thought, leaving lenders with a major funding gap that could intensify the credit crisis, a Government report has warned. Sir James Crosby, the ...
2008-07-30 01:01:00 -
Bush quietly signs mortgage relief measure - Seattle Post Intelligencer
President Bush, left, accompanied by members of his Cabinet, makes a statement in the Rose Garden of the White House in Washington,, Wednesday, July 30, 2008, after a Cabinet meeting. From second from left are, Treasury Secretary Henry Paulson ...
2008-07-30 02:34:00 -
Average home price expected to fall £50,000 - Times Online
The housing market slump will wipe £50,000 off the value of the average British home and plunge one in seven homeowners into negative equity, influential new research suggests. Some 70,000 mortgage-holders already owe more than their homes are worth ...
2008-07-30 02:26:00 -
US mortgage companies boost changes to subprime loans - Reuters
NEW YORK, July 30 (Reuters) - U.S. mortgage companies urged by regulators to curb home foreclosures increased the number of borrowers helped in the second quarter to more than half a million, an industry group said on Wednesday. So-called "workouts ...
2008-07-30 11:20:00 -
Wachovia chief picks a house in Charlotte - Charlotte.com
Less than a month into his tenure, new Wachovia Corp. chief executive Bob Steel has made another big decision: He's picked a house. The former U.S. Treasury Department official is under contract to buy a home in Charlotte's exclusive Eastover ...
2008-07-30 04:11:00 -
U.S. mortgage applications plunge in MBA survey - Providence Business News
WASHINGTON – The number of mortgage applications filed nationwide plummeted last week to its lowest level this year, the Mortgage Bankers Association said today in its weekly report. The trade group’s seasonally adjusted Market Composite Index ...
2008-07-30 01:15:00 -
Home loan approvals collapse by 70 per cent - The Independent
The scale of the crisis in the property market was revealed in stark detail yesterday with the publication of the latest figures on mortgage approvals from the Bank of England. Approvals for new home loans fell by almost 70 per cent to a mere 36,000 ...
2008-07-29 04:22:00 -
Unsecured homeowner loans - MyFinances.co.uk
Although many borrowers use their home to secure a loan, unsecured homeowner loans are available from a variety of providers. Traditionally, it is thought that homeowner loans usually imply that the borrower’s home is used as a guarantee for ...
2008-07-30 04:40:00 -
Zero Hour on Credit Cards - American Progress
The House Committee on Financial Services will be considering this week the Credit Cardholders Bill of Rights Act, potentially landmark legislation that would mandate a higher level of fairness in credit card terms. There could not be a better time ...
2008-07-30 09:33:00