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

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  • Reverse mortgage could be answer to seniors who own their homes (The Mountain Press)

    BY DAVID KLEIN Staff writer PIGEON FORGE - Wanting help to pay their medical bills and provide security for his wife Wilma, Jack Hanson of Pigeon Forge had to find a solution.
    2007-12-03 12:54:38

  • Stocks Start Week in Reverse (TheStreet.com)

    The major averages retreat as traders mull Fed speakers and the government's subprime-help plan.
    2007-12-03 01:26:31

  • BCSB Bankcorp, Inc. Announces Filing of Application for Extension of ...

    MSN MoneyCentral - ... the offering and to be issued in exchange for existing shares of BCSB Bankcorp common stock upon completion of the second ... that even though the Company's primary subsidiary, Baltimore County Savings Bank, has no exposure to subprime mortgages, the ...
    2007-12-03 02:29:00

  • RPT Paulson says Treasury close to deal to help struggling homeowners ...

    Forbes - ... said today that the Bush administration is very close to finding a way to help borrowers who can afford their mortgages at the ... finalize these standards soon,' Paulson said in remarks at the Treasury Department's Office of Thrift Supervision's second ...
    2007-12-03 10:54:00

  • Merrill's Thain, on Day One as CEO, Names Chai CFO (Update2)

    Bloomberg - ... was closely associated with O'Neal, and at different points in time, they gave a sense of comfort regarding subprime mortgages ... Merrill shares have declined almost 37 percent this year, the second-worst performance after Bear Stearns Cos. among the ...
    2007-12-03 03:55:00

  • Paulson Asks Congress To Act on Loan Crisis

    Wall Street Journal - With two million borrowers in the U.S. expected to see interest rates jump on their adjustable-rate mortgages over the next ... Second Opinion: The Boston Fed's chief said existing programs could help many refinance.
    2007-12-03 04:52:00

  • Finance concerns hit US stocks

    MSN UK News - ... Fed President Janet Yellen labelled growth in the final three months of the year as being "only ... that the White House is moving closer to an agreement to help thousands of homeowners avoid mortgage defaults by temporarily holding their interest ...
    2007-12-03 01:32:00

  • Fitch Ratings Affirms All Classes of GMACCM 1999-CTL1

    Raleigh News & Observer - CHICAGO - Fitch Ratings has affirmed GMAC Commercial Mortgage Securities, Inc.'s (GMACCM) series 1999-CTL1, as follows: --$11.7 million class A at 'AAA'; --Interest-only class X at 'AAA'. --$7.7 million class B at 'AAA'; --$8.7 million class C at ...
    2007-12-03 12:35:00

  • Fitch Affirms Banc of America Large Loan, Inc., Series 2005-MIB1

    Forbes - Interest-only class X-1A at 'AAA'; --Interest-only class X-1B at 'AAA'; --Interest-only class X-2 at 'AAA'; --Interest-only ... Fitch adjusted net cash flow and a stressed debt service based on the current loan balances and a hypothetical mortgage ...
    2007-12-03 01:32:00

  • Paulson Says Subprime Loan Plan to Ease Economy Risks (Update3)

    Bloomberg - Democratic presidential candidate Hillary Clinton called for a 90-day moratorium on foreclosures for homeowners who default on subprime mortgages. Clinton Letter In a letter to Paulson released by her campaign today, the New ...
    2007-12-03 10:26:00

  • Some Cry Foul Over Relief Plan For Borrowers

    Wall Street Journal - He holds a pair of fixed-rate mortgages, one for his primary residence, which has been for sale for six months, and one for a second home in Louisiana. "What are you going to do when their credit cards get due and they can't pay? Are you going to ...
    2007-12-03 07:01:00

  • SKorean shares outlook - Lower on Wall Street's pullback

    Forbes - ... that the White House is moving closer to an agreement to help thousands of homeowners avoid mortgage defaults by temporarily holding their interest ... Fed President Janet Yellen labelled growth in the final three months of the year as being 'only ...
    2007-12-03 03:26:00

  • Fannie, Freddie Face Conflicting Demands

    Washington Post - Second, Fannie Mae and Freddie Mac buy and hold mortgages and mortgage-backed securities in their own investment portfolios. Fannie Mae was established in the 1930s, when the country was grappling with the fallout from the Great Depression. Freddie ...
    2007-12-03 08:41:00

  • Remarks by Treasury Secretary Paulson

    BusinessWeek - First, we are increasing efforts to reach able homeowners who are struggling with their mortgages. Second, we are working to increase the availability of affordable mortgage solutions for these borrowers. Third, we are leading the industry to develop ...
    2007-12-03 10:19:00

  • Fed officials see slower growth

    CNBC - ... market expectations that the U.S. central bank will cut short-term interest rates ... fallout from market turmoil that originated with problems in the U.S. mortgage ... The fourth quarter is sizing up to show only very meager growth," she told the ...
    2007-12-03 03:19:00

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