Mortgage and Financial News From 2008-2-14 Page 58

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  • Mortgage servicers next victim of housing crisis

    Reuters - Servicers of subprime loans, such as Ocwen Financial Corp (OCN.N: Quote , Profile , Research ), are in the worst predicament since the companies must send payments to investors of mortgage-backed bonds created out of pools of home loans even if ...
    2008-02-14 05:10:00
  • BankUnited shares tumble on loan worries

    Miami Herald - The bank is exposed to the troubled Florida housing market, leaving it with bad mortgage loans. The state's economy is flailing from the housing fallout, and unemployment has been rising. RBC Capital analyst Gerard Cassidy cut the stock to ...
    2008-02-13 11:55:00
  • Freddie Mac Changes Mortgage Insurer Eligibility Rules to Cap Premium ...

    Forbes - Private mortgage insurance enables Freddie Mac to buy loans when a borrower makes a downpayment of less than 20 percent of the purchase price. In a captive reinsurance structure, the mortgage insurer cedes a portion of its premium income to a special ...
    2008-02-14 04:34:00
  • Bankrate: Mortgage Rates Reverse Course

    Forbes - The gap between conforming and jumbo mortgage rates -- those for loans larger than $417,000 -- remains abnormally wide, with the average jumbo fixed rate at 7.16 percent. Although the economic stimulus package will lift the conforming loan limits in ...
    2008-02-14 04:27:00
  • MFA Mortgage Investments, Inc. Announces Fourth Quarter 2007 Financial ...

    CNBC - These forward-looking statements are subject to various risks and uncertainties, including, but not limited to, those relating to: changes in interest rates and the market value of MFA's MBS; changes in the prepayment rates on the mortgage loans ...
    2008-02-14 05:10:00
  • Freddie Mac Changes Mortgage Insurer Eligibility Rules to Cap ... - Edubourse.com (Communiqués de presse)

    Freddie Mac Changes Mortgage Insurer Eligibility Rules to Cap ...Edubourse.com (Communiqués de presse), France - 49 minutes agoPrivate mortgage insurance enables Freddie Mac to buy loans when a borrower makes a downpayment of less than 20 percent of the purchase price. ...
    2008-02-14 05:30:21
  • US Initial Jobless Claims Fell 9000 to 348000 Last Week - Bloomberg

    US Initial Jobless Claims Fell 9000 to 348000 Last WeekBloomberg - 45 minutes ago... back its US residential mortgage business and closing the Advantage Home Loans unit in the UK, the New York-based company said yesterday in a statement.
    2008-02-14 05:34:32
  • Oxford Funding Hedge Fund Featured in Houston Business Journal - Earthtimes

    Oxford Funding Hedge Fund Featured in Houston Business JournalEarthtimes, UK - 45 minutes agoOxford Funding Corporation (OTC: OXFD) is a publicly traded asset resolution company specializing in the purchase and management of bulk mortgage loan ...
    2008-02-14 05:35:04
  • NEW YORK, Feb. 14 -- - SunHerald.com

    NEW YORK, Feb. 14 --SunHerald.com, MS - 45 minutes agoMFA Mortgage Investments, Inc. (NYSE: MFA) today reported earnings available to common stockholders of $18.6 million, or $0.16 per share of common stock, ...
    2008-02-14 05:35:10
  • SmarTrend Morning Call - 2/14/2008 - Comtex Smartrend

    SmarTrend Morning Call - 2/14/2008Comtex Smartrend, NY - 38 minutes agoMorgan Stanley announced plans to cut 1000 jobs from its residential mortgage division. UBS reported a fourth quarter loss of $11.3 billion with significant ...
    2008-02-14 05:42:06
  • Paulson Foreshadows Proposals to Tighten Loan Rules (Update1) - Bloomberg

    Paulson Foreshadows Proposals to Tighten Loan Rules (Update1)Bloomberg - 35 minutes agoHis bill includes a provision to hold mortgage-bond investors responsible for loans that violate the law. Similar legislation passed by the House in ...
    2008-02-14 05:44:41
  • Centralised registry for non-farm properties mooted - Hindu

    Centralised registry for non-farm properties mootedHindu, India - 32 minutes agoIt would also provide easy information about the property to the financial institution so that the decision on extending loans could be taken at the ...
    2008-02-14 05:48:20
  • Freddie Mac adjusts PMI eligibility - CNNMoney.com

    Freddie Mac adjusts PMI eligibilityCNNMoney.com - 23 minutes ago... lenders via complex arrangements where lenders and insurers share risk on pools of loans bundled under separate trusts. The new rules will keep mortgage ...
    2008-02-14 05:57:18
  • Sell Your Real Estate Immediately! - Asset Price Deflation Crash! - The Market Oracle

    Sell Your Real Estate Immediately! - Asset Price Deflation Crash!The Market Oracle, UK - 19 minutes agoAt that point I expect loans to become almost impossible to get and buying psychology to be so damaged, a generation of people will tell you "you should ...
    2008-02-14 06:00:31
  • Event Brief of Preliminary 2007 Deutsche Bank Earnings Conference ... - Insurance News Net (press release)

    Event Brief of Preliminary 2007 Deutsche Bank Earnings Conference ...Insurance News Net (press release), PA - 17 minutes agoFunded loans at the end of the qtr. were at EUR15b and the unfunded was at EUR20b, and one can see the run-off of the commitment period down below. 5. ...
    2008-02-14 06:02:35