Mortgage and Financial News From 2008-2-14 Page 59

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  • Doubts on MFS sale - Melbourne Herald Sun

    Doubts on MFS saleMelbourne Herald Sun, Australia - 16 minutes agoIts $1 billion First Mortgage Fund, which lends money to property developers, is carrying $41 million worth of loans that are 120 days or more overdue. ...
    2008-02-14 06:04:04

  • Bankrate: Mortgage Rates Reverse Course - PR Newswire (press release)

    Bankrate: Mortgage Rates Reverse CoursePR Newswire (press release), NY - 13 minutes agoMortgage rates moved higher over the past week due to continued issues in credit markets, but rates for conforming loans remain below the 6 percent mark. ...
    2008-02-14 06:07:03

  • Global Stock Market Losses in Jan Reach $5.2 trillion - Political Affairs Magazine

    Global Stock Market Losses in Jan Reach $5.2 trillionPolitical Affairs Magazine, NY - 10 minutes agoThe US Federal Reserve has previously estimated losses of up to 150 billion after a surge in the number defaults on sub-prime loans. Sub-prime loans are ...
    2008-02-14 06:09:55

  • DJ US Stock Futures Lean Higher Before Bernanke Testimony - Onet.pl

    DJ US Stock Futures Lean Higher Before Bernanke TestimonyOnet.pl, Poland - 9 minutes agoThe housing market will get renewed attention, as Freddie Mac said it will change the rules temporarily on private mortgage insurers to allow them to retain ...
    2008-02-14 06:11:07

  • Freddie Mac alters rules to aid mortgage insurers - MarketWatch

    Freddie Mac alters rules to aid mortgage insurersMarketWatch - 8 minutes agoMortgage insurers cover potential lender losses on loans to borrowers who cannot come up with a 20% down payment. Mortgage insurers have seen claims ...
    2008-02-14 06:11:34

  • Avista Solutions Experiences Record Growth in 2007 - Eworldwire (press release)

    Avista Solutions Experiences Record Growth in 2007Eworldwire (press release), NJ - 8 minutes ago14, 2008 --- Avista Solutions, a leader in Web-based mortgage loan origination software, reports record growth in both new customers and overall volume for ...
    2008-02-14 06:12:17

  • Freddie Mac loosens PMI rules to aid mortgage insurers - MarketWatch

    Freddie Mac loosens PMI rules to aid mortgage insurersMarketWatch - 4 minutes agoSee full story at WSJ.com (subscription required) Treasury Secretary Henry Paulson said US regulators plan to alter rules for packaging loans into bonds in ...
    2008-02-14 06:15:47

  • Morgan Stanley To Reduce Residential Mortgage Businesses - Mortgageorb

    Morgan Stanley To Reduce Residential Mortgage BusinessesMortgageorb, CT - 4 minutes agoMorgan Stanley notes that it will continue to service mortgage loans in the US through its Saxon Mortgage Services Inc. platform, based in Fort Worth, ...
    2008-02-14 06:15:57

  • Wells Fargo Signs Contract Extension With FIS - Mortgageorb

    Wells Fargo Signs Contract Extension With FISMortgageorb, CT - 4 minutes agoMSP is used in all areas of Wells Fargo's mortgage servicing, including loan setup and maintenance, cashiering, escrow administration, investor accounting, ...
    2008-02-14 06:15:59

  • Tax rebates to be coming soon (Daily Courier)

    President Bush signed legislation Wednesday to rush rebates ranging from $300 to $1,200 to millions of people, the centerpiece of government efforts to brace the wobbly economy. First, though, you must file your 2007 tax return.
    2008-02-14 05:47:28

  • Rebate checks in the mail (Long Island Business News)

    The checks aren't in the mail, but they will be soon. President Bush signed legislation Wednesday to rush rebates ranging from $300 to $1,200 to millions of people, the centerpiece of government efforts to brace the wobbly economy. First, though, you must file your 2007 tax return.
    2008-02-14 05:47:51

  • (AFX UK Focus) 2008-02-14 13:16 GMT: Freddie Mac changes private mortgage insurer eligibility requirements (Interactive Investor)

    BOSTON (Thomson Financial) - Freddie Mac Thursday said it is temporarily changing its private mortgage insurer eligibility requirements to allow mortgage insurers to retain more insurance premiums to pay current claims and re-build their capital base.
    2008-02-14 05:50:57

  • Mortgage servicers next victim of US housing crisis (ABS-CBNNEWS.com)

    NEW YORK - The halcyon days of the US housing boom were a veritable gravy train for companies in the business of collecting monthly mortgage payments from homeowners.
    2008-02-14 05:55:25

  • MBIA Says It Can Weather Slump, Doesn't Need Bailout (Update2) (Bloomberg.com)

    Feb. 14 (Bloomberg) -- MBIA Inc., the world's biggest bond insurer, said it is equipped to survive the slump in prices of mortgage securities and dismissed suggestions that the industry needs a rescue or stronger federal oversight.
    2008-02-14 05:59:10

  • Housing misery to linger (Chicago Tribune)

    15% price decline forecast in some areas; federal response lacking, builders complain A trio of economists told the nation's beleaguered home builders Wednesday that housing probably will continue its slide through much of 2008, until a painful but necessary drop in new- and existing-home prices -- 15 percent or more in some parts of the country -- helps find a turning point .
    2008-02-14 06:04:05

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