Mortgage and Financial News From 2008-3-8 Page 13

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  • FBI probes Countrywide for possible securities fraud: report (Market Watch)

    Besieged subprime lender Countrywide Financial Corp. is reportedly under investigation by the Federal Bureau of Investigation for possible securities fraud.
    2008-03-08 07:55:31
  • Treasury's Paulson on the economy (San Francisco Chronicle)

    Treasury Secretary Henry Paulson came to the Bay Area Thursday and Friday amid a slew of bad news on the housing and economy fronts, including a report that 63,000 jobs disappeared nationwide in February. [Podcast: The drop in home prices was an "inevitable...
    2008-03-08 08:32:20
  • Oil rally may be economy's undoing (El Paso Times)

    NEW YORK—Preoccupied the last few months with shrinking credit and a slumping economy, Wall Street has all but ignored the relentless rise in oil prices that has taken a barrel of crude to a once-unthinkable $106.
    2008-03-08 08:33:29
  • Should You Unlock Capital From Your Home? (The Motley Fool)

    Does it make sense to borrow more money against your home?
    2008-03-08 08:34:12
  • Chiefs’ Pay Under Fire at Capitol (NYTimes.com via Yahoo! Finance)

    Three prominent executives defended the multimillion-dollar pay they received even as their firms struggled through the spreading credit crisis.
    2008-03-08 08:39:33
  • Tight Credit, Tough Times for Buyout Lords (NYTimes.com via Yahoo! Finance)

    The Ides of March has arrived early for the buyout lords of Wall Street, as the intensifying credit crisis humbles some of the industry’s once-celebrated deal makers.
    2008-03-08 08:39:34
  • Thornburg Mortgage to Restate Its Financial Statements to Recognize ...

    Forbes - ... collateral, combined with a liquidity position under unprecedented pressure from increased margin calls by its reverse ... mortgage lender focused principally on prime and super-prime borrowers seeking jumbo and super-jumbo adjustable-rate mortgages
    2008-03-07 10:35:00
  • Fed Takes New Steps on Credit Crisis

    Orlando Sentinel - Problems first started in the market for subprime mortgages_ those made to people with blemished credit histories. However, troubles have spread to other areas.
    2008-03-06 03:58:00
  • Outreach forewarns borrowers

    Akron Beacon Journal - The topics included scams, rebuilding credit, refinancing and reverse mortgages. About 200 people attended the event. Frances Perkins, 51, of Akron, came not because she is in trouble, but because she wanted to know what she could do if ...
    2008-03-06 08:52:00
  • The End of the Road Likely for Thornburg, Say Market Folk

    CNN Money - It has received default notices from four lenders as a result of not meeting reverse repurchase agreements, under which it borrowed from investment banks, using its mortgages as collateral.
    2008-03-06 03:58:00
  • State warns of scams in consumer booklet

    MaineToday.com - The new guide, called Consumer Credit 101, gives Mainers advice on a range of topics, including loans and credit, financing a car, foreclosure, reverse mortgages and loan scams.
    2008-03-06 09:42:00
  • Lenders face jeopardy as market flattens

    Financial Times - ... lenders - released over the past few weeks - show little evidence that homeowners are struggling to pay their mortgages, let ... If house prices fall, this spiral could go into reverse, triggering a broader slump.
    2008-03-07 10:52:00
  • Navigating to retirement

    AZCentral.com - You can tap into your equity in various ways, from reverse mortgages to downsizing and living off the proceeds from a home sale in retirement.
    2008-03-06 03:58:00
  • Stocks end trading day with major losses

    MSNBC - Concerns about credit grew after Thornburg Mortgage Inc. and a Carlyle Group bond fund revealed troubles with investments backed by mortgages.
    2008-03-06 01:42:00
  • Retire steps box

    AZCentral.com - You can tap into your equity in various ways, from reverse mortgages to downsizing and living off the proceeds from a home sale in retirement.
    2008-03-06 03:58:00