Mortgage and Financial News From 2008-7-29 Page 6
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Security Bank Corporation Announces Second Quarter 2008 Financial Results (Fox News)
Security Bank Corporation Announces Second Quarter 2008 Financial Results
2008-07-29 04:38:52 -
The credit crunch explained - News.com.au
Sub-prime crisis emerged mid-last year The crisis had a domino effect on wider community Help : Guides and tools to weather the storm THE average Australian, a year ago, probably never had heard the terms sub-prime, credit crunch or quaintly named US ...
2008-07-29 03:18:00 -
There is no magic cure for mortgages - Financial Times
There are at least a dozen ways that the government could defrost the UK mortgage market. It could order the Bank of England to start lending, guarantee asset-backed bonds issued by banks, or set up a British Fannie Mae; heck, the government could ...
2008-07-29 11:57:00 -
They mustn't mortgage fairness to buy votes - Times Online
You can see the temptation so clearly. Government in the doldrums; poll ratings tumbling with the economy; housing market frozen; and - hey, what's this? - a plan to kickstart the Government's fortunes by kickstarting the housing market by ...
2008-07-29 01:59:00 -
Sir James Crosby's report predicts mortgage market paralysis for three ... - Times Online
The seizure in Britain's mortgage market will persist for at least three more years, Sir James Crosby, the former chairman of HBOS, said yesterday. His warning came as statistics showed that the number of new home loan approvals fell last month to ...
2008-07-29 02:28:00 -
Mortgage approvals hit record low - Financial Times
The mortgage market is unlikely to recover for the next three years, a government-commissioned report warned on Tuesday as official figures showed that only a third as many home loans were approved in June than a year earlier In an interim report ...
2008-07-29 10:24:00 -
Too soon to predict how federal bill to help struggling homeowners will play out (The Beaufort Gazette)
A housing bill recently passed by Congress promises relief from the wave of foreclosures and aid to mortgage giants Freddie Mac and Frannie Mae, which together guarantee about half of the nation's mortgages, but how it will help the hundreds of area homeowners in peril of foreclosure still is a little hazy.
2008-07-29 03:27:36 -
Fannie Mae, Freddie Mac doing local business as usual (The Beaufort Gazette)
Gloomy reports about the financial stability of the megalithic mortgage institutions Fannie Mae and Freddie Mac haven't affected their day-to-day business.
2008-07-29 03:27:56 -
Hong Kong Housing Market May Slow as Apartment Sales Decline (Bloomberg.com)
July 30 (Bloomberg) -- Hong Kong's apartment transactions may fall to a 10-month low in July, then drop further, on concerns that accelerating inflation and a slumping stock market may push prices down, analysts said.
2008-07-29 03:32:44 -
Who qualifies for mortgage help and how to get it (The Post-Standard)
Q: What exactly will the legislation do? A: It will allow those who qualify to cancel their old mortgage loans and replace them with 30-year fixed-rate loans for up to 90 percent of the home's current value. The FHA will insure a total of $300 billion of the loans over a three-year period.
2008-07-29 03:34:08 -
Little-known law could cost lenders more in future (Atlanta Journal-Constitution)
Here's an obscure law that mortgage lenders would probably rather you didn't know about: Georgia statute 44-14-3. The reason is, it can cost mortgage lenders $500 or more if they didn't properly finish the paperwork for a homeowner who paid off his or her loan. The law has been on the books for decades, but because of a recent amendment, more folks are likely to be hearing about it as they pay ...
2008-07-29 03:41:23 -
Who qualifies for mortgage help and how to get it (The Pantagraph)
Questions and answers about the Hope for Homeowners Act of 2008, passed by Congress last weekend to try to steer as many as 400,000 struggling homeowners away from foreclosure:
2008-07-29 03:44:47 -
UK mortgage slump set to continue until 2011 - Times Online
The seizure in the UK mortgage market is set to continue until 2011, prompting a rise in repossessions, an influential review of the mortgage market said today. Sir James Crosby, former chief executive of HBOS, who is carrying out the review for the ...
2008-07-29 11:36:00 -
Ideal Mortgage stops home loans via brokers - Reuters
NEW YORK, July 29 (Reuters) - Ideal Mortgage Bankers Ltd said on Tuesday it will stop offering mortgage loans through brokers, and instead focus on its direct-to-consumer Lend America business. The Melville, New York-based company said job losses ...
2008-07-29 12:40:00 -
Rocky Market Demands Mortgage Protection - Forbes
The vast majority of American workers (74 percent) admit to having little to no knowledge of individually-owned disability insurance according to the Principal Financial Well-Being Index(SM). This news doesn't fare well when a disabling illness or ...
2008-07-29 01:38:00