Mortgage and Financial News From 2007-8-21 Page 14

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  • Two Quakes Rock Peru; 510 Dead From Earlier Shock (Update4)

    Bloomberg - National Earthquake Information Center in Golden, Colorado. To contact the reporters on this story: Alex Emery in Lima at aemery1@bloomberg.net ; Camilla Hall in London at chall24@bloomberg.net . Last Updated: August 18 ...
    2007-08-18 12:59:00

  • Easy money home loans: a race to the bottom

    Australian Broadcasting Corp. - ... many consumers are doing now, especially those with a crushing level of mortgage ... of how a chain of lenders can turn a blind eye to clearly false information as long ... Too often consumers are encouraged to refinance until their equity is gone and then ...
    2007-08-20 09:42:00

  • The Fed Response

    Washington Post - ... the last few months, there needs to be some creative new mechanisms to make it easy for the mortgage holders to do these workouts and refinance ... underrecognized because the models are based on past trends - they are 'free-riding' on old information ...
    2007-08-17 12:53:00

  • Service Problems Disable Wells Fargo ATMs, Cause Delays (KGTV San Diego)

    Service problems disabled ATMs and online accounts at Wells Fargo & Co. for at least 24 hours, leaving some customers of the nation's fifth largest bank unable to get cash or use debit cards to pay for goods.
    2007-08-20 10:30:32

  • Complaints mount about debt collectors (Seattle Post-Intelligencer)

    Complaints about collection agencies are up, as Americans are falling deeper into debt and more companies are cropping up to ensure they pay.
    2007-08-21 05:37:59

  • Countrywide Financial Making Staff Cuts (KCRA 3 Sacramento)

    The ongoing mortgage meltdown is leading to job cuts in California.
    2007-08-20 07:14:38

  • Find the Best Deal on Refinancing Your Home (The Bradford Era)

    (ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change?
    2007-08-21 08:21:54

  • How to Shop for a Mortgage Today (KiplingerForecasts.com)

    Lenders grow more conservative after the housing bust.
    2007-08-20 01:44:04

  • Countrywide eliminates 500 mortgage jobs

    Seattle Times - ... week, when a Wall Street analyst suggested the company could end up in bankruptcy if the liquidity crunch sparked by rising mortgage defaults worsens. Countrywide said last Thursday it had borrowed $11.5 billion so it could keep making home loans. The ...
    2007-08-21 07:15:00

  • Capital One cuts mortgage jobs, pushing markets lower

    Globe and Mail - ... late Monday, follows similar moves by Bear Stearns Cos., Wells Fargo Inc., Countrywide Financial Corp., and a spate of smaller mortgage lenders. Wall Street remains worried that a broadening credit crisis — triggered by distressed subprime loans ...
    2007-08-21 10:57:00

  • One financing expert notices a "natural squeamishness" toward ...

    Worldnews.com - One financing expert notices a "natural squeamishness" toward nontraditional loans Austin American Statesman WASHINGTON — Stan Powell recently ditched his adjustable-rate mortgage for a traditional and far more predictable loan that would lock in ...
    2007-08-21 09:31:00

  • Mortgage Woes Creating Ripple Effect

    NPR News - News & Notes , August 20, 2007 · Thousands of Americans who bought homes with subprime loans are defaulting, and it's shaking up the global economy. Farai Chideya talks with economist Julianne Malveaux about the country's troubles with mortgage ...
    2007-08-20 05:24:00

  • Will the US sub prime mortgage crisis derail global economic growth?

    FXStreet.com - Sub prime crisis result of low interest rates, plentiful liquidity and low appreciation of risk... The evolution of the current state of affairs in credit markets happened thus: US mortgage loans were packaged and sold on by commercial banks into ...
    2007-08-21 06:39:00

  • Mortgage industry is going to be OK

    Portsmouth Herald - Banks are making fewer mortgage loans than they had during the past decade, and that slowing rate that has led to the dismal tone of headlines and news stories. "Although there's a lot of press surrounding the difficulties in the industry, it's ...
    2007-08-21 09:52:00

  • Sen. Dodd Contends Fed Was 'Lax' In Policing Subprime Loans

    CNBC - Senate Banking Chairman Christopher Dodd (D-Conn.) told CNBC that he believes the Federal Reserve was lax in its responsibilities by not preventing the surge of subprime mortgage loans. "We've got a serious problem with a lot of potential ...
    2007-08-20 08:16:00

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