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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: mortgage

mortgage stories: 153 news summaries

141 - 153 of 153 Stories | << Prev 1 ... 4 5 6 7 8

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Mortgage Crisis Hits Affluent Buyers, Too

Even borrowers with excellent credit
are now facing higher rates

Aug 7, 07 5:48 AM CDT
(Newser) - Mortgage tremors have rippled so far across the home loan market that even buyers of high-priced homes with good credit records are now being squeezed, the Wall Street Journal reports. Rates have surged on loans above $417,000 for prime borrowers—to 7.34% for a 30-year fixed-rate mortgage, up... More »

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real estate • subprime mortgages • Bear Stearns • mortgage • loans • hedge fund • houses • home loans • Fannie Mae • borrowers

Builders' Loans Pushed Credit Meltdown

Peddling dubious mortgages to move properties helped burst bubble

Aug 5, 07 7:24 AM CDT
(Newser) - In the ongoing post-mortem of the housing boom, BusinessWeek turns an acute eye on developers, especially big, publicly traded builders who jumped into the mortgage business to move people into their newly built houses faster. As demand for new homes began to fizzle, they kept sales brisk by offering adjustable-rate... More »

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Wall Street • real estate • housing market • subprime mortgages • mortgage • homebuilders

American Home Mortgage Closes Its Doors

ARM specialist's efforts can't hold off fallout from worsening crisis

Aug 3, 07 9:25 AM CDT
(Newser) - The battered mortgage-lending industry will suffer another blow today as American Home Mortgage shuts down, making it the latest company to go under as home loans go bad across the country. AHM's troubles were common knowledge, the Times reports, but the speed of its downfall was unexpected. “We have... More »

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housing market • subprime mortgages • mortgage • American Home Mortgage • home loans • borrowers

Banks Tighten Credit Squeeze

Lenders 'raising rates like crazy'

Aug 3, 07 4:38 AM CDT
(Newser) - Lenders are cutting credit, tightening standards or raising interest rates to a broader range of borrowers beyond those with weak credit records who qualify for subprime loans, the Wall Street Journal reports. Panic is spreading to a category of mortgages between subprime and prime that often involves borrowers who don't... More »

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subprime mortgages • mortgage • loans • Wells Fargo • Alt A loans • IndyMac • National City • interest rate

Subprime Woes Rock  Another Bear Stearns Fund

Withdrawals blocked, rumors swirl as market slips further

Aug 1, 07 5:40 AM CDT
(Newser) - Bear Stearns has blocked withdrawals from a mortgage investment fund amid Wall Street jitters over the crisis in high-risk subprime mortgages, the Wall Street Journal reports. Two Bear Stearns hedge funds heavily invested in subprime mortgages collapsed in June, and now another fund, which has only a tiny fraction of... More »

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subprime mortgages • Bear Stearns • mortgage • hedge fund • investment • American Home Mortgage

Home Resales Slump in June as Mortgage Rates Spike

Inventories are down; prices jump

Jul 25, 07 1:57 PM CDT
(Newser) - Sales of existing homes dropped in June to a 5-year low because of rising mortgage rates and stricter lending standards. Home resales dipped 3.8% from a 5.98 million annual rate in May to a 5.75 million rate now. "The housing recession looks far from over,"... More »

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housing market • homes • mortgage • recession • houses • resales • economist • US economy • Freddie Mac • quarters • NAR

Best Places to Call Home 2007

Money mag looks to the Midwest for the cream—or should that be cheese?—of the crop

Jul 17, 07 4:02 PM CDT
(Newser) - Some places have it all: affordable, good schools, job opportunities, family friendly, and plenty of stuff to do. Money magazine is out with its annual list of the best places to live in America. The top 10:
  1. Middleton, Wisc.
  2. Hanover, NH
  3. Louisville, Colo.
  4. Lake Mary, Fla.
... More »

MORE ABOUT:
housing market • list • mortgage • home

New Flood of Foreclosures Looms

Adjustable borrowers face up to 35% spikes in mortgage payments

Jul 10, 07 5:24 AM CDT
(Newser) - When adjustable-rate mortgages are increased this year, hundreds of thousands of subprime borrowers  could lose their homes, triggering a precipitous drop in the housing market, CNNMoney reports. The threat is the latest in the emerging subprime loan crisis. Heartland industrial areas, as well as once-hot markets in California, Nevada and... More »

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housing market • subprime mortgages • mortgage • loans • home loans • borrowers • housing crisis

Scams Target Delinquent Homeowners

'Equity strippers' deceive borrowers behind on their mortgage payments

Jul 3, 07 5:45 PM CDT
(Newser) - A new form of fraud is thriving in the declining housing market, targeting desperate homeowners who are late on their mortgage payments. Known as equity strippers, companies cold-call burdened borrowers, promising a reprieve from their financial woes. In the end, they profit, and the owners end up losing their  home... More »

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fraud • housing market • homes • foreclosure • mortgage • equity stripper • homeowners • borrowers

Bad US Loans Sink London Hedge Fund

Subprime mortgage crisis ripples through
world market

Jun 29, 07 4:26 AM CDT
(Newser) -  A London hedge fund is the latest casualty of the US subprime mortgage crisis that has already hit American investment companies, the Financial Times reports. After losing 53% of its value, Caliber Global Investment will sell its assets and try to repay $900 million to investors over the next... More »

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investing • London • subprime mortgages • business • mortgage • Caliber Global investment • hedge fund • financial crisis

Consumer Confidence,
New Home Sales Slump

Grim economic indicators continue to stack up

Jun 26, 07 12:13 PM CDT
(Newser) - Indicating that the topsy-turvy economy probably won't be righting itself anytime soon, consumer confidence dropped in May, as did new home sales, a signal that the reeling housing market has yet to hit bottom. The Fed will likely take up consumer worries at a 2-day meeting that starts tomorrow, Bloomberg... More »

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real estate • consumer • housing market • Federal Reserve • subprime mortgages • homes • mortgage • home sales • housing starts

Home Sales Plunge to
4-Year Low

Inventory glut, rising mortgage rates bode ill for quick rebound

Jun 25, 07 6:27 PM CDT
(Newser) - Sales of existing homes fell again last month, while the number of homes languishing on the market hit a 15-year high. The median price sank to $223,700, the AP reports, and thanks in part to the woes of the subprime mortgage sector, overall sales were 10.3% below last... More »

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real estate • housing market • subprime mortgages • homes • mortgage • home sales

Home Foreclosures Hit Record

A dreary real estate market is fueling an all-time high rate of foreclosures

Jun 14, 07 3:16 PM CDT
(Newser) - Home foreclosures hit a record high in first-quarter 2007 as more subprime borrowers failed to make their mortgage payments. The number of mortgages entering foreclosure spiked four basis points to 0.58% and over 2.4% of subprime mortgage holders defaulted, up from 2% last quarter, according to a report... More »

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real estate • economic growth • subprime mortgages • Ohio • homes • Michigan • Indiana • foreclosure • mortgage • Mortgage Bankers Association • US economy • borrowers • Great Depression

141 - 153 of 153 Stories | << Prev 1 ... 4 5 6 7 8


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