/personal/Mortgages/index.shtml Personal Finance / Mortgages zh-cn <a href='http://www.dedecms.com' target='_blank'>Power by DedeCms</a> kkcba@163.com /personal/Mortgages/2007092925193.shtml Community development organizations have long been a great resource for low-income families who need help becoming home owners. But with the subprime mortgage crisis, their priorities are shifting. "In the past, most people came to us seeking advice 2007-09-29 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007092823224.shtml NEW YORK (Reuters) - KB Home posted a wider-than- expected quarterly loss on Thursday on write-downs for land values and 28 percent fewer homes sold, as a swelling supply of new and existing homes and tighter mortgages kept buyers sidelined. The U.S 2007-09-28 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007092823223.shtml Dear Dr. Don, We bought a house in 2007, but it took a few months for our old home to sell, so we used a bridge loan. To make it work we had to finance the new home with a five-year, interest-only adjustable rate mortgage at 6 percent. Now that our 2007-09-28 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007092823222.shtml If you can no longer make your mortgage payments and your home is now worth less than you owe on it, foreclosure may not be your only option. A short sale Short sale A short sale , in real estate terms, is a sale of a house in which the sale price is 2007-09-28 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007092823221.shtml Mortgage rates spiked this week, even as the real estate outlook grew more dismal. Most of the past week's rate rise occurred last Thursday, two days after the Federal Reserve cut short-term interest rates, as investors lost sleep over the effects of 2007-09-28 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007092823220.shtml The bullhorn message from the government to mortgage lenders has been: Bend. Do what you can to help struggling homeowners. The message to troubled homeowners has been: Call your lender. You may be able to work something out. Despite the persistent b 2007-09-28 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007092823219.shtml NEW YORK (Reuters) - Builder Lennar Corp (NYSE: - ), the No. 2 U.S. home builder, on Tuesday reported its worst-ever quarterly results as the crumbling housing market led to a much wider-than-expected loss, sending its shares to a five-year low. Len 2007-09-28 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007092823218.shtml Since the subprime crisis erupted, plenty of blame has been pinned on the big credit rating agencies. Just what went wrong at these firms - and what can be done to stave off another disaster - will be the topic of hearings on Capitol Hill this week. 2007-09-28 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007092823217.shtml If you had to name the most toxic, dangerous, foolhardy kind of mortgage loan that exists, you'd very likely pick a pay-option ARM, which lets borrowers get deeper into debt by paying less than the minimum interest they owe each month and adding the 2007-09-28 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007092823216.shtml Dear Dr. Don , When making extra principal-only mortgage payments on a conventional fixed rate 30-year mortgage -- is it better to make an additional principal payment every month, or can we make one lump-sum payment each year? I'd like to put an ex 2007-09-28 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007092823215.shtml LONDON (Reuters) - After a hefty cut in interest rates and the dollar's plunge to new record lows against a surging euro, investors will closely watch data for clues on how seriously problems in credit markets are affecting the real economy. An aili 2007-09-28 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007092823214.shtml I read with curiosity a personal finance article (in Australia) about fixing your home loan interest rate. Well, whether you fix it is going to depend on what part of the globe you live in. We have seen an 0.5% cut in the US. Locally we still have t 2007-09-28 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007092823213.shtml NEW YORK (Reuters) - U.S. mortgage lenders are cutting advertising budgets due to a global credit squeeze, but they are not likely to reduce Internet search marketing anytime soon, executives at search leader Google Inc said on Thursday. A meltdown 2007-09-28 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007092823212.shtml WASHINGTON (Reuters) - The top two U.S. economic policymakers told Congress on Thursday that allowing the biggest home finance companies to buy larger loans could ease mortgage market strains, but should be coupled with tighter regulation of the fir 2007-09-28 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007092823211.shtml Make more money available for mortgages to ease the credit crunch. Give borrowers greater protection from predatory lenders. And encourage homeowners to call their bank. Those are just a few of the proposed remedies being debated in Washington for re 2007-09-28 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007092823210.shtml WASHINGTON (Reuters) - President George W. Bush said on Thursday that the economy remained strong, with low inflation and a healthy job market, despite "unsettling times" in the housing market. "The fundamentals of our nation's economy are strong," 2007-09-28 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007092823209.shtml SAN FRANCISCO (Reuters) - While California suffers in the housing crisis, the economy of nearby Washington state is flourishing with strong job growth and some of the highest appreciation in home prices in the nation. The outlook for Washington's ec 2007-09-28 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007092823208.shtml The House of Representatives passed a bill on Sept. 18 that would allow the Federal Housing Administration (FHA), a government agency that insures mortgages for low- and middle-income borrowers, to back refinanced loans for borrowers who are delinque 2007-09-28 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007092823207.shtml When Federal Reserve Chairman Ben Bernanke heads to Capitol Hill on Sept. 20 to talk to members of the Financial Services Committee, he shouldn't be feeling too confident. True, the markets have rallied for two days following his surprising interest 2007-09-28 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007092823206.shtml Yes, the Federal Reserve cut short-term rates. No, that doesn't mean that mortgage rates will inevitably go down, especially in the short term. A look at mortgage rates must begin with a history lesson. From Jan. 3, 2001, to June 25, 2003, the Federa 2007-09-28 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007092823205.shtml Dear Dr. Don, The company 1st Financial is offering me an accelerated software package for $3,500 that is supposed to wipe out years of interest with a HELOC. Why not save $86,000 in interest and be mortgage-free in 3.9 years versus 24 years with a 2007-09-28 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007092823204.shtml The Federal Reserve cut interest rates this week. So naturally, mortgage rates went along for the ride, right? Wrong. The benchmark 30-year fixed-rate mortgage rose 4 basis points to 6.32 percent, according to the Bankrate.com national survey of larg 2007-09-28 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007092021741.shtml NEW YORK (Reuters) - Mortgage insurers' shares rose on Wednesday as investors saw them benefiting from regulatory moves that will boost their business. Earlier on Wednesday the regulator for Fannie Mae (NYSE: - ) and Freddie Mac (NYSE: - ), the bigg 2007-09-20 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091921101.shtml If the Federal Reserve cuts interest rates Tuesday as expected, borrowers with mortgages that are about to reset to higher levels will get a break. Many adjustable rate mortgages are tied to one-year Treasurys, which tend to follow in the same direct 2007-09-19 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091921090.shtml E-trade finally 'fessed up to being burned by the mortgage market. After reassuring investors repeatedly that its portfolio was solid, the online brokerage has belatedly signed up to the roster of companies disclosing heavy losses from residential mo 2007-09-19 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091920309.shtml CHICAGO (MarketWatch) -- For debt-weary consumers, the Federal Reserve's decision to shave interest rates on Tuesday is welcome news for their stock holdings but won't do much for their mortgage payments or savings accounts. Responding to fears that 2007-09-19 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091920069.shtml NEW YORK (Reuters) - Home builder sentiment fell for a seventh straight month in September as tougher mortgage requirements hindered sales from bloated inventories, the National Association of Home Builders said on Tuesday. The NAHB/Wells Fargo Hous 2007-09-19 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091819328.shtml NEW YORK (Reuters) - Lehman Brothers Holdings Inc. (NYSE: - ) posted a 3.2 percent decline in quarterly earnings on Tuesday as the U.S. investment bank wrote down mortgage and leveraged loan assets, but the results beat expectations and its shares j 2007-09-18 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091819086.shtml NEW YORK (Reuters) - Accredited Home Lenders Holding Co (NasdaqGS: - ), a struggling subprime mortgage lender, on Tuesday posted a $260.2 million quarterly loss and said it remained unsure it would survive the fallout from a slumping U.S. housing ma 2007-09-18 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091818795.shtml WASHINGTON (Reuters) - The U.S. Federal Reserve is expected to chart a new course on Tuesday and cut benchmark interest rates for the first time since mid-2003 to protect the economy from a housing downturn and jittery credit markets. Fed Chairman B 2007-09-18 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091818656.shtml PALM BEACH GARDENS, Fla. (MarketWatch) -- Too many borrowers may be unfairly blaming credit scores for their higher-than-expected loan rates or extra credit-card fees, according to a recent working paper. The real culprit may be your own misunderstan 2007-09-18 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091516455.shtml "Share buybacks are off the agenda" replied Adam Applegarth, Northern Rock's chief executive, to an analyst's inquiry on Friday. No kidding. The UK's fifth biggest mortgage lender had just announced a profits warning and the previous evening had gone 2007-09-15 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091516454.shtml The subprime crisis has put lawmakers under pressure to do something not only to help homeowners who could lose their homes but also to nail the guys who created the mess. While there's lots of blame to go around, lawmakers are likely to focus on how 2007-09-15 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091515959.shtml CHICAGO (Reuters) - Upscale home builder Hovnanian Enterprises Inc (NYSE: - ) is holding a three-day sales event in southern California that effectively cuts home prices by up to $100,000 through incentives and offers extra appliances and upgrades. 2007-09-15 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091415541.shtml Untitled Document Dear Debt Adviser, I am the poster child for today's housing bust. I am over my head in debt and mortgage payments. By the age of 29, I had three houses. A lot of the down payments were made by cash advances on credit cards and hom 2007-09-14 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091415540.shtml Managing risk may be insurers' bread and butter, but the sector usually lands sticky-side down in a financial crisis. Solvency ratios were severely tested after the dotcom bubble burst and exposure to the 9/11 terrorist attacks ended up being far hig 2007-09-14 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091415539.shtml For years Fair Isaac Corp. was the wonderboy of the U.S. credit industry. Its trademarked algorithm for scoring people on creditworthiness became the standard in retail banking in the U.S. A FICO became as generic a name in credit ratings as Bic in b 2007-09-14 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091415260.shtml Places don't get much richer than Nantucket. The quaint Massachusetts island is an enclave of the super-rich. This is where John and Teresa Heinz Kerry rub shoulders with the likes of Frank and Kathie Lee Gifford, and countless hedge fund tycoons. Th 2007-09-14 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091415259.shtml The number of adjustable rate mortgages (ARMs) up for reset is set to peak this fall, with an estimated $50 billion worth poised to adjust to higher rates in October. The housing and credit markets are bracing for another blow, but recent trends may 2007-09-14 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091415250.shtml Imagine you own your dream house in a picturesque part of the U.S. Maybe you have access to a beach or a view of the mountains. You also have great neighbors -- until one day you see nearby houses sold to people from out of state, some of whom plan t 2007-09-14 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091415249.shtml Hundreds of thousands of homeowners who may struggle to make mortgage payments are likely to get some relief in coming months, including more options to refinance into lower-cost, fixed-rate loans and tax relief if they do face foreclosure. About 240 2007-09-14 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091313527.shtml NEW YORK (Reuters) - Countrywide Financial Corp (NYSE: - ), the largest U.S. mortgage lender, said on Thursday its mortgage fundings slid 17 percent in August from a year earlier to $34 billion on the housing slowdown and "credit tightening in the m 2007-09-13 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091311966.shtml NEW YORK (Reuters) - Mortgage applications rose for a second straight week as interest rates sank to their lowest since May, data from an industry trade group showed on Wednesday. Market analysts, however, say data on mortgage applications may be ar 2007-09-13 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091311965.shtml NEW YORK (Reuters) - Mortgage applications rose for a second straight week as interest rates sank to their lowest since May, data from an industry trade group showed on Wednesday. Market analysts, however, say data on mortgage applications may be ar 2007-09-13 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091211445.shtml WASHINGTON (Reuters) - More Americans had their home loan applications turned down in 2006 than a year earlier, although the majority continued to be approved, according to a report issued on Wednesday by financial sector regulators. "Overall, the d 2007-09-12 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091211444.shtml NEW YORK (Reuters) - Mortgage applications rose for a second straight week, fueled by demand for home loans as interest rates sank to their lowest since May, an industry group's figures showed Wednesday. The Mortgage Bankers Association said its sea 2007-09-12 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091211443.shtml NEW YORK (Reuters) - HR Block Inc (NYSE: - ), the largest U.S. tax preparer, said on Tuesday it will fire 575 workers at its Option One Mortgage Corp subprime lending unit, on top of 615 job losses announced on May 15. The cuts were announced as HR 2007-09-12 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091211442.shtml NEW YORK (Reuters) - Some 57 percent of mortgage broker customers with adjustable-rate loans were unable to refinance into a new loan to avoid higher monthly payments in August, a national survey reported on Tuesday. The poll of 1,744 brokers in the 2007-09-12 Mortgages 秩名 en.yinlu.net /personal/Mortgages/2007091211441.shtml WASHINGTON (Reuters) - Existing home sales will fall further and prices will drop more sharply in 2007 than earlier expected, a leading real estate trade association predicted on Tuesday. The National Association of Realtors trimmed its sales foreca 2007-09-12 Mortgages 秩名 en.yinlu.net /personal/Mortgages/200709118650.shtml Dear Dr. Don, We got in to an ARM home equity loan with a 15-year term. The rate is now 8.25 percent and climbing. Help! Can we find a mortgage company that will refinance an equity loan? We need to get out of this one. My credit is excellent, my hu 2007-09-11 Mortgages 秩名 en.yinlu.net /personal/Mortgages/200709087155.shtml Dear Dr. Don, I took out a second mortgage to avoid private mortgage insurace (PMI). Can I refinance and combine my first and second and still avoid PMI with less than 20 percent equity in the house? -- Justin Time Dear Justin , Homeowners hate payi 2007-09-08 Mortgages 秩名 en.yinlu.net /personal/Mortgages/200709065169.shtml The delinquency rate for mortgage borrowers continued to climb, to 5.12 percent of all outstanding mortgages, during the three months ended June 30. That's up from 4.84 percent during the previous three months and 4.39 percent a year ago. More Americ 2007-09-06 Mortgages 秩名 en.yinlu.net /personal/Mortgages/200709065168.shtml FRANKFURT (Reuters) - European Central Bank President Jean-Claude Trichet said on Thursday the ECB would monitor price risks and financial markets very closely, toning down his anti-inflation rhetoric after it left its key interest rate at 4.0 perce 2007-09-06 Mortgages 秩名 en.yinlu.net /personal/Mortgages/200709065167.shtml Mortgage rates moved both up and down this week, a strange time in credit markets. The benchmark 30-year fixed-rate mortgage rose 7 basis points, to 6.5 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hun 2007-09-06 Mortgages 秩名 en.yinlu.net /personal/Mortgages/200709065166.shtml Mortgage companies say that the last thing they want to do is foreclose, because seizing a delinquent borrower's house costs money. It follows, then, that the key to keeping the house is to make it less expensive for the lender to work with you than 2007-09-06 Mortgages 秩名 en.yinlu.net /personal/Mortgages/200709064432.shtml WASHINGTON (Reuters) - The chairman of the Senate Banking Committee unveiled legislation on Wednesday that would prohibit mortgage brokers and lenders from steering borrowers to high-cost loans. The reform measure is meant to curb some of the excess 2007-09-06 Mortgages 秩名 en.yinlu.net /personal/Mortgages/200709064431.shtml Mortgage application volume increased 1.3 percent in the past week, according to a report Wednesday. The Market Composite Index, which measures volume, rose to 622.9 for the week ended August 31, 2007, from 615.2, said the Mortgage Bankers Associatio 2007-09-06 Mortgages 秩名 en.yinlu.net /personal/Mortgages/200709064430.shtml Dear Dr. Don, I've heard about subprime loans. I am buying a new house and want to protect myself from all the bad things I've heard about them. How do I do this? -- M.K. OK Dear M.K., Subprime references the borrower's credit rating, so the easiest 2007-09-06 Mortgages 秩名 en.yinlu.net /personal/Mortgages/200709053424.shtml CHICAGO (MarketWatch) -- African-American and Hispanic borrowers were more likely to acquire high-cost mortgages than their white peers in 2006, according to a study released Wednesday by community activist group Acorn. And as their adjustable-rate m 2007-09-05 Mortgages 秩名 en.yinlu.net /personal/Mortgages/200709042835.shtml President Bush said Friday that the government has a role to play in helping homeowners facing foreclosure -- but only a limited one. "It's not the government's job to bail out speculators, or those who made the decision to buy a home they knew they 2007-09-04 Mortgages 秩名 en.yinlu.net /personal/Mortgages/200709041411.shtml NEW YORK (MarketWatch) -- Headline: Mortgage money has dried up. Headline: If you're subprime, you're stuck. Headline: Fed bails out big lenders by lowering discount rate. Headline after headline. But what does it all mean to potential borrowers in t 2007-09-04 Mortgages 秩名 en.yinlu.net /personal/Mortgages/200709041410.shtml PALM BEACH GARDENS, Fla. (MarketWatch) -- You still may qualify for a mortgage, regardless of a shaky credit market. But you need to know the ropes because many lenders have tightened standards. So what should you do if you're buying a home today or 2007-09-04 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070903986.shtml NEW YORK (Reuters) - A deepening U.S. housing slump has caused an alarming surge in job losses at U.S. financial services companies, and the end is nowhere in sight, consulting firm Challenger, Gray Christmas Inc. said on Tuesday. The industry has a 2007-09-03 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902722.shtml JACKSON HOLE, Wyoming (Reuters) - In rare public criticism of Alan Greenspan, former U.S. Undersecretary for International Affairs John Taylor said on Saturday that ultra-low Federal Reserve interest rates had stoked the U.S. housing boom and subseq 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902721.shtml NEW YORK (Reuters) - Ameriquest Mortgage Co, the largest U.S. subprime lender as recently as 2005, is closing, the latest home loan provider to shut down amid the nation's housing market slump. Citigroup Inc (NYSE: - ), the largest U.S. bank, said o 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902720.shtml NEW YORK (Reuters) - Accredited Home Lenders Holding Co (NasdaqGS: - ) shares rose 43 percent on Friday after Lone Star Funds said it was prepared to buy the subprime mortgage lender at a lower price than it previously agreed to pay. Accredited reje 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902719.shtml NEW YORK (Reuters) - Accredited Home Lenders Holding Co (NasdaqGS: - ) shares rose 43 percent on Friday after Lone Star Funds said it was prepared to buy the subprime mortgage lender at a lower price than it previously agreed to pay. Accredited reje 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902718.shtml Dear Dr. Don, I am paying for a mobile home via a private party. There is no prepayment penalty involved. If I wanted to pay it off early, is it like a car in the respect that the payoff should be less than the current balance? He is telling me it w 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902717.shtml President Bush will make a statement Friday morning in the Rose Garden about homeownership financing, a senior administration official said Thursday. The statement is scheduled for 11 a.m. "The president will discuss a number of initiatives and refor 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902716.shtml (Reuters) - Home Depot Inc (NYSE: - ) said it completed the sale of its wholesale supply business, HD Supply, to buyout firms on the same terms announced earlier this week. The home improvement retailer sold HD Supply for $8.5 billion and would pay 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902715.shtml NEW YORK (Reuters) - HR Block Inc (NYSE: - ) Chief Executive Mark Ernst on Thursday said the U.S. mortgage lending market may be facing its greatest crunch since the 1930s, when the country was in the Great Depression. Earlier Thursday, HR Block sai 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902714.shtml The benchmark mortgage rate has fallen in five of the last six weeks, and home prices are falling, too. The benchmark 30-year fixed-rate mortgage fell 15 basis points to 6.43 percent, according to the Bankrate.com national survey of large lenders. A 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902713.shtml America's housing market has gone from robust to just plain bust in the past 18 months. Real estate agents, home builders, mortgage lenders and anyone whose income is derived from home selling has been using words like transitioning and stabilizing t 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902712.shtml Money market funds are among the safest investments -- but not all are equally so. Many have been moving to increase their safety by shifting to shorter-duration instruments. Money market funds are required to put 95% of their assets in top-rated sec 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902711.shtml NEW YORK (Reuters) - Bankrupt home loan provider American Home Mortgage Investment Corp (Other OTC: - ) said on Wednesday a federal bankruptcy judge has authorized the auction by two affiliates of 5,700 mortgage loans with an unpaid principal balanc 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902710.shtml With the credit markets in turmoil and housing prices tumbling, people from Wall Street to Main Street are wondering what can and should be done to minimize the damage to the broader economy. Should the Federal Reserve do more to bring confidence bac 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902709.shtml NEW YORK (Reuters) - U.S. mortgage applications fell for a second consecutive week, reflecting a drop in demand for home purchase and refinancing loans even as interest rates sank, an industry group said on Wednesday. The Mortgage Bankers Associatio 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902708.shtml NEW YORK (Reuters) - Lone Star Funds, a private equity firm seeking to abandon its $400 million purchase of Accredited Home Lenders Holding Co (NasdaqGS: - ), said on Tuesday it extended its tender offer to buy the struggling subprime mortgage lende 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902707.shtml NEW YORK (Reuters) - IndyMac Bancorp Inc (NYSE: - ), the ninth-largest U.S. mortgage lender, said on Tuesday it expects to hire as many as 850 former employees of bankrupt rival American Home Mortgage Investment Corp (Other OTC: - ) as it prepares f 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902706.shtml NEW YORK (Reuters) - Consumer sentiment took its sharpest plunge in nearly two years during August while home prices swooned in the second quarter, according to reports that show a heavy toll from the housing crisis. As Wall Street was gripped by a 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902705.shtml ATLANTA (Reuters) - Home Depot Inc (NYSE: - ) said on Tuesday that it would sell its wholesale supply business to buyout firms for $8.5 billion -- nearly 18 percent less than previously agreed upon -- as the U.S. housing slump and recent credit crun 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902704.shtml NEW YORK (Reuters) - CIT Group Inc (NYSE: - ), the consumer and commercial finance company, said on Tuesday it has closed its mortgage lending operations, resulting in the loss of 550 jobs across 25 offices. The company is the latest to abandon mort 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902703.shtml NEW YORK (Reuters) - More than half of the 26 home builders rated by Standard Poor's are vulnerable to downgrades, and the outlook could worsen if current credit market turmoil is long-lasting, the rating agency said. "Our rating bias for the U.S. h 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902702.shtml WASHINGTON (Reuters) - Sales of pre-owned U.S homes fell slightly in July but the inventory of unsold single-family properties soared to the highest in over 15 years as troubles in the subprime mortgage market continued to wreak havoc on the housing 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902701.shtml WASHINGTON (Reuters) - The pace of sales of pre-owned homes fell slightly in July but the inventory of unsold properties soared to the highest level in over 15 years as troubles in the subprime mortgage market continued to wreak havoc on the housing 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902700.shtml NEW YORK (Reuters) - Investor confidence in the economy deteriorated in August to its lowest level in a year, as the growing housing turmoil compounded worries over high energy prices, a survey showed on Monday. The UBS/Gallup Index of Investor Opti 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902699.shtml NEW YORK (Reuters) - Home Depot Inc (NYSE: - ) agreed to cut the price in its supply division sale to buyout firms by $1.8 billion, sources said on Sunday, as a housing market drop and a credit crunch forced all sides to renegotiate. As part of the 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902698.shtml Dear Dr. Don, A company by the name of CMG out of California is offing me a plan called a Homeowners Mortgage Acceleration Plan whereby I deposit all my income into this spending plan and my mortgage will be paid off in half the time. Your views wou 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902697.shtml NEW YORK (Reuters) - Home Depot Inc (NYSE: - ) agreed to cut the price in its supply division sale to buyout firms by $1.8 billion, sources said on Sunday, as a housing market drop and a credit crunch forced all sides to renegotiate. As part of the 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902696.shtml WASHINGTON (Reuters) - Sales of new single-family U.S. homes unexpectedly rose in July and new orders for durable goods posted strong gains that underlined the economy's strength just before a credit crisis socked financial markets. New home sales r 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902695.shtml Jennifer Falke and her family had been in their Columbus, Ohio, home for nearly 12 years when they hit a rough patch in 2006. Falke was out of work and fell behind on the mortgage. Falke said a flood of mailings and flyers then arrived at her door pr 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902694.shtml NEW YORK (Reuters) - Wachovia Bank, a unit of Wachovia Corp (NYSE: - ), has sued Thornburg Mortgage Inc (NYSE: - ) for breach of contract over the mortgage lender's failure to pay it $5.1 million. Wachovia said in a complaint filed at the U.S. Distr 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902693.shtml Rising interest rates on jumbo home loans are hitting wealthier borrowers and could take down the healthiest part of the sickly housing market, analysts said. The average rate on a 30-year fixed jumbo loan stands at 7.4%, well above the 6.47% at the 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902692.shtml NEW YORK (Reuters) - Countrywide Financial Corp Chief Executive Angelo Mozilo said on Thursday the U.S. housing downturn is likely to lead the country into recession, but that the largest U.S. mortgage lender will survive. In an interview, Mozilo al 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902691.shtml With foreclosures on the rise in the U.S., an increasing number of homeowners are presented with one of the most grave financial predicaments they can face. Foreclosures in July 2007 were up 93% from July 2006, according to RealtyTrac , fueled by the 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902690.shtml NEW YORK (Reuters) - Shares of Wachovia Corp (NYSE: - ), which have fallen since its $24.2 billion acquisition of Golden West Financial Corp last year, are trading at a discount to its peers and may be a good opportunity for investors, according to 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902689.shtml (Reuters) - Impac Mortgage Holdings Inc (NYSE: - ), one of the largest "Alt-A" lenders, said it has cut 350 jobs to reduce its operating expenses. Impac Mortgage said the volatility in the secondary and securitization markets has significantly limit 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902688.shtml NEW YORK (Reuters) - Fallout from the U.S. mortgage and credit crisis spread on Wednesday as Accredited Home Lenders Holding Co, HSBC Holdings Plc and Lehman Brothers Holdings Inc announced job cuts and concern mounted about the longer-term impact o 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902687.shtml (Corrects number of job cuts among three lenders in first paragraph to 3,400 from 3,700) NEW YORK (Reuters) - Fallout from the U.S. mortgage and credit crisis spread on Wednesday as Accredited Home Lenders Holding Co, HSBC Holdings Plc and Lehman Br 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902686.shtml WASHINGTON (Reuters) - The Federal Deposit Insurance Corporation, which insures bank deposits, said on Wednesday it is keeping a close eye on the unpaid real estate loans that are piling up at U.S. banks and thrifts. "We remain vigilant," FDIC Chair 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902685.shtml NEW YORK (Reuters) - Accredited Home Lenders Holding Co (NasdaqGS: - ) said on Wednesday it will shut most of its mortgage business to help survive turmoil in subprime lending, and eliminate 1,600 jobs, or 62 percent of its work force. The mortgage 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902684.shtml In February, Michael Strauss, founder and chief executive officer of American Home Mortgage (AHMI.Q), went to bed, safe in the knowledge that his 4.5 million shares in the company were worth $160 million. Six months later, pretty much all of that wea 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902683.shtml Everyone says there's a credit crisis, with defaults on risky mortgages causing banks and mortgage brokers to tighten up their lending. So why is Mark Tryniski, chief executive of Community Bank System (NYSE: - ), a $625-million bank in upstate New Y 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902682.shtml NEW YORK (Reuters) - Applications for residential mortgages fell last week for the first time in three weeks, weighed by a sharp drop in demand for home-purchase and refinancing loans, an industry group said on Wednesday. The Mortgage Bankers Associ 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902681.shtml Do the recent housing industry horror stories keep you up nights? Feeling squeezed by an adjustable-rate mortgage reset that could turn your happy home into a house of debt? Wondering what would happen if your mortgage company went bankrupt? Don't pa 2007-09-02 Mortgages 秩名 en.yinlu.net /personal/Mortgages/20070902680.shtml NEW YORK (Reuters) - First Magnus Financial Corp, one of the largest independent U.S. mortgage lenders, filed for Chapter 11 bankruptcy protection on Tuesday, the latest home loan provider to collapse as the housing market slumps and credit crisis w 2007-09-02 Mortgages 秩名 en.yinlu.net