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Foreclosure wave sweeps America - BBC News

Mon, 05 Nov 2007 05:58:11 +0200

Foreclosure wave sweeps America
BBC News, UK -3 hours ago
Each case takes hours of negotiations, and the mortgage companies' loan loss departments are overwhelmed by the crisis. The only way out, says Ms Gerecke, ...

Sharing a Neighbor's Well Calls for a Contract - Washington Post

Sharing a Neighbor's Well Calls for a Contract
Washington Post, United States -Nov 2, 2007
And it also makes no sense to me that a mortgage for people with bad credit would be lower than a loan for people with good credit like you and your husband ...

Don't waste money on (Student loan) a credit fix companyBoston

Sat, 03 Nov 2007 19:58:04 +0200

Don't waste money on a fix companyBoston Globe - Every day, consumers pay untold sums to companies that promise a quick credit fix. Most of the time, that money is wasted. I understand why these offers might seem so enticing. Good credit can get you much better rates for a car or home loan. A bad Source: www.boston.comIndustry in peril' Time to pick up a bucketSt. Petersburg Times - e_SBlt In the 1980s, most of the savings and student loan loan industry collapsed from free-wheeling re

Lots of housing news, coverage
Housing and mortgage stories are all over the place this morning, so let me see if I can touch on a few of them: * The New York Times, in a piece titled "Reports Suggest Broader Losses From Mortgages," leads off with this zinger: "Every time economists and Wall Street executives think they have acknowledged the full extent of the losses from the meltdown in real estate mortgages, more bad news turns up." It then goes on to note some statistics about the extent and cost of the housing crisis: -

Wells Fargo takes heavy hit for bad home loans - Times Online

Sat, 03 Nov 2007 15:29:14 +0200

Wells Fargo takes heavy hit for home loans
Times Online, UK -Oct 16, 2007
It added that it had effectively written off $641 million of bad loans. Both a rise in mortgage arrears and difficulties within the credit markets hit US ...

Q3 2007 Genworth Financial, Inc. Earnings Conference Call - Final - Insurance News Net (press release)

Q3 2007 Genworth Financial, Inc. Earnings Conference Call - Final
Insurance News Net (press release), PA -23 hours ago
Thank you very much for the increased mortgage disclosure. As I look at page 5 it looks like your '07 vintages have the highest loan to value and the worst ...

Subprime loan article of interest from WSJ

Wed, 17 Oct 2007 07:01:21 +0300

Piggybacks are considered far more likely to default than a standard mortgage. Lenders did little to discourage speculation by real-estate investors, which contributed to rising home prices. Last year, 13% of all high-rate home loans...

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Future of Fort Lauderdale-based home builder Levitt in doubt amid ...

Sun, 14 Oct 2007 00:59:24 +0300

Fort Lauderdale Sun-Sentinel - ... meet its cash requirements but is unwilling to loan ... by short-term investors but now are stuck with properties they can't sell as buyers cancel contracts in record numbers. In South Florida ... The mortgage industry also is hurting, with hundreds of ...

This week's Real Estate stories
Marketwatch - Despite the downturn of the mortgage market, a type of home loan has remained surprisingly ... rising number of landlords are falling behind on mortgage payments, sending their properties into ... Florida, California and Texas topped a 2007 list from the ...

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Tue, 09 Oct 2007 10:43:49 +0300

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� FLORIDA REFINANCE � Need a Loan, Personal Loa...
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Foreclosure rate still soaring

Fri, 05 Oct 2007 08:45:04 +0300

Palm Beach Post - Is it a fixed or adjustable-rate loan' A fixed ... payment is due, which often requires refinancing. ... The Mortgage Bankers Association also reported that Florida and Nevada - states that once led the run-up in home prices - are now facing the fastest ...

Fatal Cape shooting reveals a secret
Cape Cod Today - Instead of going home to his wife and son on the Bridgewater State College campus, the college president stopped by the Student Government Association meeting. It was 8:30 p.m. He stayed until 9:45 p.m. "He hadn't eaten dinner yet. He was exhausted ...

In credit crunch, location matters (Reno Gazette-Journal)

Tue, 02 Oct 2007 19:38:10 +0300

You've heard about how the credit crunch has made it harder for many types of buyers to afford a home or qualify for a mortgage.

In credit crunch, location matters (USA Today)
You've heard about how the credit crunch has made it harder for many types of buyers to afford a home or qualify for a mortgage. But here's what you might not realize: The impact isn't the same everywhere. It all depends on where you live.

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Wed, 26 Sep 2007 21:48:59 +0300

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Buying Your First Home After Marriage
By Kelly Kennedy If you are doing some family planning and need to buy a house or just looking for something new, ... loan terms. Step 2- Familiarize yourself with the mortgage industry Do your research. Money ... report and your financial history so you are familiar with it before applying for a mortgage

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Bad mortgages cut like a knife - Louisiana Weekly

Sun, 23 Sep 2007 06:44:47 +0300

Bad mortgages cut like a knife
Louisiana Weekly, LA -Sep 17, 2007
Clarify brokers' fiduciary duty to borrowers. 2. Expand protections (including yield spread premiums) for those who assume high-cost loans under ...

Watch List (Sept. 16-22): Size Matters - CoStar Group

CoStar Group

Watch List (Sept. 16-22): Size Matters
CoStar Group, MD -Sep 20, 2007
Each of these four first mortgage loans are secured by an existing multifamily residential or hotel property, or unsold condominium units in Florida, ...

Foreclosures, Defaults and the National Real Estate Market

Wed, 05 Sep 2007 11:56:25 +0300

...properties that are unoccupied by the owners. We’re just entering into the beginnings of this mess, but it appears that many of the investors, especially in states like Florida, are just walking away from the loan. An excerpt: ...

Today's Local Real Estate News: "Rates are higher because credit ...
“American estate agents claim it is ‘softening’, economists say it is ‘crashing’, and the truth is probably somewhere in-between for the US property market.” “Prices had been climbing in Florida since 2003, with speculators pushing them ...

Ø Dominican Republic Newspaper Ø

Sat, 01 Sep 2007 15:30:16 +0300

Dominican Republic Newspaper An analysis of thirty-five top companies’ lobbying disclosure forms from 2005 and the first half of 2006 shows that the most commonly listed bill—with eighteen media companies funneling money toward it—is the Dominican Republic-Central

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Mortgage pinch causes domino effect of pain (USA Today)

Sat, 18 Aug 2007 13:43:20 +0300

The problems in the mortgage industry are having a domino effect in the estate market. Increasingly, first-time home buyers are getting shut out of the market, and that hurts move-up buyers. Homeowners are also having more trouble refinancing their escalating adjustable-rate loans, and that is increasing the number of foreclosures and the supply of homes on the market.

Credit kicks housing down more (The Record)
If it weren't already tough enough in the home sales market, the recent rash of grave news coming from the credit sector and an antsy Wall Street are putting more pressure than ever on the real estate sector.

What's Up With These Flashy Vacuum Cleaners'

Thu, 16 Aug 2007 07:08:36 +0300

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Wed, 08 Aug 2007 11:37:44 +0300

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