Mortgage and Financial News From 2007-12-3 Page 10
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Mass. subprime business shrinks amid spike in foreclosures (Boston Globe)
Many Massachusetts homeowners with subprime mortgages are finding they need to find new lenders to refinance as they seek to avoid foreclosure.
2007-12-03 10:53:39 -
Remarks by Secretary Paulson
U.S. Treasury - First, we must reach homeowners who are struggling, reach them early, and reach them with information and hope. The ... A third category of homeowners might choose to refinance their mortgage - putting them in a sustainable mortgage while keeping ...
2007-12-03 10:12:00 -
HUD says 70 pct of sub-prime loans will not fall into foreclosure ...
Forbes - ... Housing Authority called FHA Secure is expected to help 80,000 families that are struggling with mortgage payments to refinance, and ... The content on this site, including news, quotes, data and other information, is provided by AFX News and its third ...
2007-12-03 10:04:00 -
US Treasury will still work on refinancing standards, no freeze ...
Forbes - Paulson said all parties will seek to streamline refinance and modification standards in the best interest of both borrowers and mortgage investors. ... The content on this site, including news, quotes, data and other information, is ...
2007-12-03 08:03:00 -
Subprime Business Shrinks Amid Spike In Foreclosures (WCVB Boston)
Many Massachusetts homeowners with subprime mortgages are finding they need to find new lenders to refinance as they seek to avoid foreclosure.
2007-12-03 09:34:39 -
Remarks by Secretary Paulson on Actions Taken and Actions Needed in U.S. Mortgage Markets at the Office of Thrift ... (United States Department of the Treasury)
Thank you, John. The Office of Thrift Supervision plays an important role in our financial system, and I appreciate your leadership at this agency.
2007-12-03 07:35:25 -
CREDIT-WRAPUP 1-US expects mortgage plan soon, Libor soars
Reuters - Paulson is seeking agreement with mortgage companies to freeze interest rates on subprime loans whose rates are about to reset, in the hope many borrowers can keep their homes. The Bush administration is also pushing Congress to take other steps it ...
2007-12-03 12:42:00 -
Stocks Fall on Economic, Mortgage Unease
Washington Post - Treasury Secretary Henry Paulson said in a speech that the White House is moving closer to an agreement to help thousands of homeowners avoid mortgage defaults by temporarily holding their interest rates steady. Lincoln Anderson, chief investment ...
2007-12-03 01:18:00 -
Wall Street falls on mortgage unease
Boston Globe - Treasury Secretary Henry Paulson said in a speech that the White House is moving closer to an agreement to help thousands of homeowners avoid mortgage defaults by temporarily holding their interest rates steady. Lincoln Anderson, chief investment ...
2007-12-03 03:26:00 -
WRAPUP 2-US' Paulson: Mortgage plan to be ready this week
Reuters - The Bush administration and federal regulators have been pushing the mortgage industry to temporarily freeze interest rates on some of these loans, which were aimed at borrowers with spotty credit history. Rising defaults on U.S. subprime mortgages ...
2007-12-03 02:51:00 -
Wall St falls on ISM factory data, mortgage doubts
Reuters - Investors had a mixed reaction to a U.S. government proposal to stem mortgage defaults by freezing interest rates on adjustable rate mortgages made to subprime borrowers, with some seeing the plan as the first step in staunching the housing crisis ...
2007-12-03 03:48:00 -
Bruker, Lennar, Orient-Express, Sears: U.S. Equity Movers Final
Bloomberg - Homebuilders rose after Treasury Secretary Henry Paulson said he's confident the government and banks will agree this week on a plan to fix subprime mortgage rates. Centex Corp. (CTX US) added 4.8 percent to $21.85. Ryland Group Inc. (RYL ...
2007-12-03 02:15:00 -
N.Z. Dollar Falls Versus Yen as Paulson Spurs Carry Trade Cut
Bloomberg - He is seeking a deal among banks, mortgage servicers and securities-industry lobbyists to fix some subprime mortgage rates before they reset higher and trigger a wave of defaults. Adding to concern about the U.S. economy, Moody's ...
2007-12-03 01:18:00 -
Paulson Says Subprime Loan Plan to Ease Economy Risks (Update8)
Bloomberg - Paulson is negotiating a deal among banks, mortgage servicers and securities-industry lobbyists to fix some subprime mortgage rates before they reset higher and trigger a wave of defaults. The Treasury chief today proposed letting state and local ...
2007-12-03 03:55:00 -
Paulson: Deal near on freezing mortgage rates
Dallas Morning News - WASHINGTON — The CEO of the country’s biggest mortgage lender said the government needs to help pump more life into the nation’s housing market, which the head of a leading homebuilder described as vulnerable to further declines. These and ...
2007-12-03 11:52:00
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