Mortgage and Financial News From 2007-12-3 Page 16

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  • US nears deal on mortgage defaults

    Houston Chronicle - ... was near on a proposal to help thousands of at-risk homeowners avoid foreclosures by temporarily freezing their mortgage ... Sheila Bair, chairman of the Federal Deposit Insurance Corp., said details of the plan are likely to be announced later this ...
    2007-12-03 01:39:00

  • Paulson Says Subprime Loan Plan to Ease Economy Risks (Update5)

    Bloomberg - OTS Director John Reich today said he supports a three-year to five-year fixing of rates for mortgage borrowers at risk of foreclosure. Sheila Bair, chairman of the Federal Deposit Insurance Corp., favors extending introductory rates for at least ...
    2007-12-03 12:49:00

  • FIRST CANADIAN TITLE UNVEILS LENDER-LAWYER CONNECT MORTAGE PLATFORM

    Market Wire - Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information and First Advantage. More information about the company and an archive of its press releases can be found at www.firstam.com . ### /For further information ...
    2007-12-03 10:54:00

  • Is flood insurance a revenue-generator for banks?

    Miami Herald - • I read with interest your recent Q&A regarding Chase Manhattan Mortgage (Action Line, Nov. 17). I'm a long-time Chase customer and have had repeated problems over the years regarding the (unrequested and unnecessary) purchase of their flood ...
    2007-12-03 12:20:00

  • Fitch Rates Florida HFC's $150MM Mortgage Revenue Bonds 'AA+'

    PR Inside - In addition to the primary mortgage insurance from various providers, almost all whole loans are covered by mortgage pool insurance under separate policies with varying levels of coverage and constraints. The pool policies include advance claim ...
    2007-12-03 12:13:00

  • Mortgage insurer PMI battles housing slump (BizJournals)

    The speedy reversal of fortune for those in the mortgage business is apparent at PMI Group Inc., the Walnut Creek mortgage insurer.
    2007-12-02 11:06:41

  • Stocks Slip Amid Mortgage Worries (WCBS-TV New York)

    Wall Street tumbled Monday, led by financial services stocks, on concerns that the U.S. economy's expansion will erode amid troubles in the mortgage industry.
    2007-12-03 01:37:52

  • U.S. nears deal on mortgage defaults (Fort Worth Star-Telegram)

    By MARTIN CRUTSINGER Treasury Secretary Henry Paulson said Monday that an agreement was near on a proposal to help thousands of at-risk homeowners avoid foreclosures by temporarily freezing their mortgage rates. One of the last remaining issues to be resolved, officials said, was the exact length of time the low-teaser rates will be frozen. Speaking at a national housing conference and in later ...
    2007-12-03 12:26:22

  • US Nears Deal on Mortgage Defaults (San Francisco Chronicle)

    Treasury Secretary Henry Paulson said Monday that an agreement was near on a proposal to help thousands of at-risk homeowners avoid foreclosures by temporarily freezing their mortgage rates. One of the last remaining issues to be resolved, officials...
    2007-12-03 08:02:47

  • Paulson Says Subprime Mortgage Plan Will Lessen Economy Risks (Bloomberg.com)

    Dec. 3 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson said the government and banks will ``soon'' announce a plan to keep subprime mortgage borrowers ``with steady incomes and relatively clean payment histories'' from losing their homes.
    2007-12-03 07:57:51

  • Stocks fall on economic, mortgage unease (AP via Yahoo! News)

    Wall Street turned lower Monday, led by financial services stocks, on concerns that the U.S. economy's expansion will erode amid troubles in the mortgage industry.
    2007-12-03 11:34:48

  • Deal near on mortgage defaults, Paulson says (USA Today)

    Treasury Secretary Henry Paulson said Monday he is confident there will soon be an agreement to help thousands of homeowners avoid mortgage defaults by temporarily freezing their interest rates.
    2007-12-03 01:15:19

  • Deal near on mortgage defaults (AP via Yahoo! News)

    Treasury Secretary Henry Paulson said Monday an agreement was near on a proposal to help thousands of at-risk homeowners avoid foreclosures by temporarily freezing their mortgage rates.
    2007-12-03 01:42:02

  • Call for fixed-rate mortgage review

    Channel 4 News - There needs be a major policy intervention by the Government if consumers are going to take out long-term fixed rate mortgages in large numbers, a trade body has said. The Council of Mortgage Lenders said research suggested that there was reasonable ...
    2007-12-03 07:05:00

  • FACTBOX-US presidential candidates on the mortgage crisis

    Reuters - Dec 3 (Reuters) - Mounting U.S. mortgage foreclosures have spooked financial markets around the globe in recent months. The Bush administration is near a deal with lenders that could save struggling homeowners who borrowed at low teaser rates from ...
    2007-12-03 10:47:00

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