Mortgage and Financial News From 2008-3-8 Page 18

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  • Jersey Shore State Bank honored by state agency

    Lockhaven Express - WILLIAMSPORT — Jersey Shore State Bank was recently recognized by the Pennsylvania Housing Finance Agency (PHFA) for its performance in 2007. The bank’s mortgage services department was ranked the third highest producer of PHFA loans in ...
    2008-03-07 05:59:00

  • Carlyle Capital Aims to Halt a Meltdown

    Wall Street Journal - Lenders are requiring more collateral for loans, because of a decline in the market value of their mortgage assets. "They were maxed out on their leverage," or debt level, said Mr.
    2008-03-07 10:09:00

  • Merrill CEO says won't need more capital - report

    Reuters South Africa - The credit crisis that started in the U.S. subprime mortgage sector had spread to auto credits, municipal loans and commercial loans in general and was "continuing to propagate," he said.
    2008-03-08 02:05:00

  • Billions lent in Australian sub-prime deals

    News.com.au - Sub-prime mortgage exposure Dun & Bradstreet has also discovered that, every three months, Australia's lending institutions extend almost $1billion in so-called sub-prime loans to customers with poor credit history and whose previous defaults were not ...
    2008-03-07 10:52:00

  • Job-Loss Report Stokes Debate

    Washington Post - ... in the stimulus plan, White House officials said they are also considering other measures, including a pay-down program in which the federal government would offer low-interest loans to financially pressed homeowners to bring down their mortgage ...
    2008-03-07 09:05:00

  • Should you buy or should you hold off?

    Chicago Tribune - Low-down-payment loans are available for those who qualify, but they come with mortgage insurance that could add $100 or more to the monthly payout.
    2008-03-07 09:48:00

  • WaMu shares fall on report that it's seeking cash

    Stockhouse Canada - Rating actions taken on Washington Mutual reflect the company's proportionately higher concentration in not only home equity, but also residential mortgage loans across the credit spectrum,' according to Fitch, which took negative action Friday on ...
    2008-03-07 10:52:00

  • From the pulpit: Jesus makes clear the logic in what seems illogical

    Argus Leader - It seems illogical that those who have lost jobs and can't pay their rent, medical bills and mortgage loans can spend more money. But the Congress and administration have decided to give money to everyone below a certain income level so they will make ...
    2008-03-07 11:49:00

  • College loans see subprime fallout

    Boston Globe - The fallout from the subprime mortgage crisis is sending shock waves through the college loan industry in New England, limiting options for some students seeking assistance for the fall semester. Amid a deepening credit squeeze and cutbacks in ...
    2008-03-06 03:58:00

  • DR. BEN AT THE PUMP

    New York Post - Bernanke's latest effort would allow banks to borrow varying amounts from the $200 billion pot, and collateralize these loans by using mortgage-backed bonds on their books, in effect removing them from their ledgers to gain more breathing room until ...
    2008-03-07 11:35:00

  • Fugitive couple arrested

    Bradenton Herald - Authorities allege that the couple and nine others used phony and stolen documents to get mortgage loans. A U.S. attorney says Yvette Scott Patterson headed the scheme and used her mortgage business, Khadmilroy Inc., to carry it out.
    2008-03-07 08:50:00

  • Seeking more aid for homeowners

    Baltimore Sun - While Congress debates how to confront the housing crisis, Cummings says he is developing legislation that would channel federal dollars toward a new state program that provides no-interest loans to help homeowners catch up on delinquent mortgage ...
    2008-03-08 12:04:00

  • Buyers in high-priced markets get a hand

    Boston Globe - About 14,500 jumbo purchase and refinance loans were made in the metropolitan area in 2007. "In more expensive housing markets like Boston, where there are more expensive homes and large mortgage requirements, the raising of the conforming ceiling is ...
    2008-03-08 01:58:00

  • Wells Fargo records sought in bias inquiry

    Des Moines Register - Officials at Wells Fargo Financial, which is based in Des Moines, said Friday that the company "responsibly makes mortgage loans available to consumers across the credit spectrum and to diverse communities across the nation.
    2008-03-08 01:58:00

  • Mortgage dangers skyrocket in state

    Baltimore Sun - Though subprime loans make up one out of nine mortgages in the state, they account for more than half the loans in the foreclosure process. The one upside the mortgage bankers see:
    2008-03-08 12:04:00

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