Report: Long & Foster president to head FHA Mar 24, 2009
Sources confirmed to the Washington Post that Stevens has been going through the necessary background checks and his extensive experience in home financing attracted the Obama administration to him. He joined the Chantilly-based private real estate giant in July 2006 to head its affiliated businesses before being promoted to his latest role in October. (Washington Business Journal, DC)
How Much Does a Foreclosure Cost? Mar 16, 2009
Realty Times - How Much Does a Foreclosure Cost. Real Estate News and Advice. (RealtyTimes)
Real estate, stock mkt similar Mar 16, 2009
With the average home loan size hovering at Rs 15 lakh, according to the largest home financing company HDFC, and the ticket size for a 2BHK ranging from Rs 45-80 lakh, there is a big disconnect. The developers have finally realized that neglect of the strong middle class was a big blunder. (India Times)
CHFA introduces new home-loan programs Mar 13, 2009
CHFA created the HomeOpener products through a new partnership with the Government National Mortgage Association (Ginnie Mae), a federal organization that helps in home financing by channeling global financing into this country s housing markets. Ginnie Mae s guaranty allows mortgage lenders to get a better price for their loans on the secondary market. (Denver Business Journal, CO)
Bill aims to spark housing market Mar 7, 2009
The guarantee fund would be managed by the Alabama Home Financing Authority to help protect lenders from mortgages that go into foreclosure. State Sen. (Alexander City Outlook, AL)
A home located in Emerald Cove off of U.S. Highway 90 will be open today from 1 to 3 p.m. as part of the Showcase of Homes, Buy Now event. An insert published in Fridays edition of the Lake City Reporter listed all the homes that are open for a walk-through. JOHNNA PINHOLSTER/Lake City Reporter Mar 30, 2008
Showcase Central, an informational booth, was set up in the newly constructed commercial site at 1140 SW Bascom Norris Drive which provided information on home financing and loans. Sponsored by the Lake City Board of Realtors, Columbia County Builders Association and the Lake City Reporter, the event also showcased homes throughout Columbia County that are open today for perusal. (Lake City Reporter, FL)
CEO sees little change in market; KB Home loses $268.2 million Mar 29, 2008
Mezger noted that the company's joint home financing venture with mortgage lender Countrywide Financial Corp. was performing "very well."Mezger said Countrywide KB Home Loans started accepting loan applications this month for home loan amounts at the recently boosted limits set by the Federal Housing Administration. The new limits increased the size of mortgage loans that can be guaranteed by the federal agency to as much as $729,750 in some metro areas. (Fresno Bee -- Business)
Midland States Bank adds mortgage lender Mar 26, 2008
Midland States Bank is committed to providing the best home financing programs available. Many home-loan packages can be complicated and sometimes surprising to customers. (Mattoon Journal-Gazette, IL)
McCain leaves housing crisis options on table but places limits on government assistance Mar 25, 2008
John McCain wants to leave the door open to a wide array of proposals to address the turmoil in home financing. "I will not play election-year politics with the housing crisis," the certain Republican presidential nominee said in remarks prepared for delivery Tuesday to local business leaders south of Los Angeles. (International Herald Tribune)
Banks allowed to lift MBS holdings Mar 25, 2008
The move announced on Monday by the Federal Housing Finance Board enables the banks in the Federal Home Loan Bank system to expand their holdings of securities issued by Fannie Mae and Freddie Mac, the congressionally chartered companies that are the two biggest U.S. home financing providers. Regulators have made a series of moves to ease strains in U.S. mortgage markets where a rising tide of foreclosures has made lenders so wary that it has threatened to dry up funding. (ABC News -- Wire)
Early in campaign, Sununu, Shaheen both focus on mortgage crisis Mar 24, 2008
Sununu, who defeated the former governor to win his first term in 2002, says he's known for years what direction the country was headed in on home financing and has been ahead of the curve in proposing solutions. As far back as 2003, he co-sponsored a bill to strengthen regulation of the huge government sponsored mortgage companies Fannie Mae and Freddie Mac, which hold or guarantee more than 45 percent of all mortgage loans in the country. (Concord Monitor)
S&P: End in sight for US subprime writedowns Mar 15, 2008
The analysts said problems were emerging in other types of bonds, including prime bonds such as agency bonds issued by home financing agencies Fannie Mae and Freddie Mac, and student loans agency Sallie Mae. They said with about US$200bil of sub-prime related provisions already made, it was not far off from S&P's estimate of total write downs. (The Star Online, Malaysia -- Business)
Home debt greater than equity; foreclosures hit record Mar 7, 2008
Home equity has steadily declined even as home prices jumped earlier this decade due to a surge in cash-out refinances, home equity loans, lines of credit and an increase in 100% or more home financing. Economists expect equity to drop even further as declining home prices eat into the value of most Americans' largest asset. (USA Today -- Money)
Rising defaults increase alarm in U.S. housing Mar 7, 2008
Home equity, which is equal to the percentage of a home's market value minus mortgage debt, has steadily decreased even as home prices jumped earlier this decade because of a surge in cash-out refinances, home equity loans and lines of credit and an increase in 100 percent or more home financing ... Wall Street was on track for another losing session after downgrades of home financing giants Fannie Mae and F.. (International Herald Tribune)
More margin calls for Carlyle affiliate Mar 7, 2008
Reuters Published: March 7, 2008. A Dutch-listed affiliate of the private equity firm Carlyle Group said on Friday it had received substantial additional margin calls and additional default notices from its lenders which could deplete its liquidity. (International Herald Tribune)
Achieving Success with the Strebor System Mar 6, 2008
Mortgage Myths: 77 Secrets That Will Save You Thousands on Home Financing (John Wiley. Foreclosure Self-Defense For Dummies (John Wiley. (RealtyTimes)
FTSE dragged lower by banks Mar 6, 2008
Reuters Published: March 6, 2008. Britain's blue-chip share index was down 0. (International Herald Tribune -- Business)
Voters Describe Texas Caucuses As Chaotic Mar 6, 2008
Home Financing Offers. You could save up to $200/month. (Click2Houston, TX)
HSBC purchase of Korea bank stake not anti-competitive, South Korea says Mar 6, 2008
Reuters Published: March 5, 2008. 3 billion purchase of a majority stake in Korea Exchange Bank by HSBC Holdings will not hinder market competition, South Korea's Fair Trade Commission said Wednesday. (International Herald Tribune -- Business)
Eleven Sex Offenders Call Same Motel Home Mar 4, 2008
"Casa Loma Elementary School is one mile away from the motel, falling in compliance with Jessica's Law, which mandates that sex offenders to live only 2,000 feet away.Residents said theyve taken action into their own hands by creating with a petition to get the county to relocate the sex offenders.Residents said they have gathered 60 signatures on the petition since Sunday night and plan to eventually present it to state Sen. Dean Flores. Distributed by Internet Broadcasting. This material may... (Click2Houston, TX)
Reforming The Mortgage Industry Mar 3, 2008
The problem is that the robust housing market of the past four years gave rise to abuses, often through the less regulated mortgage brokers and mortgage companies that emerged as the leading source of the home financing. Is Monitoring Enough. (FOX61, CT)
Stocks finish mixed in choppy session Feb 28, 2008
By Joe Bel Bruno, AP Business Writer NEW YORK Stocks ended little changed Wednesday after a rally fizzled when doubts emerged that the lifting of investment caps on the two largest home financing companies was enough to prevent deeper damage to the housing market. Stocks finished mixed in another seesaw session Wednesday after regulators allowed Fannie Mae and Freddie Mac to buy more mortgages and Federal Reserve Chairman Ben Bernanke said the central bank will remain vigilant about the weakened... (USA Today -- Money)
Dow, S&P near flat after rally fades Feb 28, 2008
NEW YORK (Reuters) - The Dow and Sended little changed on Wednesday after a rally fizzled when doubts emerged that lifting investment caps on the two largest home financing companies was enough to prevent deeper damage to the housing market. Technology shares rose. (ABC News -- Wire)
Move to increase lending in homes lifts Wall St. Feb 28, 2008
But losses were limited after the U.S. government said it would lift investment caps for the country's top home financing companies, Fannie Mae and Freddie Mac. "That's driving up the financials," said Giri Cherukuri, head trader at OakBrook Investments, in Lisle, Illinois. (International Herald Tribune -- Money Report)
Kleeb, Raimondo File, Go After Johanns Feb 26, 2008
E-Mail News Alerts Get breaking news and daily headlines. 2 Senate Candidates Make It Official. (7 KETV Omaha)
The Home Buying Process: Step by Step Feb 25, 2008
You also need to find a lender to get home financing ... Call a Quicken Loans at (800) 963-2177 for help figuring out all your home financing options. (Ontario Argus Observer, OR)
Porsche halts production of 911 after explosion at plant Feb 25, 2008
The Associated Press Published: February 25, 2008. Automaker Porsche AG said Monday that an explosion at its plant where 911 models are made has halted production for two to three days. (International Herald Tribune -- Sports)
Wall St rises on bond bailout talks Feb 23, 2008
Earlier, financial shares had led the decline after Merrill Lynch & Co recommended investors sell Fannie Mae and Freddie Mac, the biggest US home financing companies in anticipation of further deterioration in financial markets. News of the potential rescue plan caused the Dow to swing from about an 80-point loss to a 96-point gain by the close, led by a reversal in financial shares. (India Times)
Growing old in a new home Feb 23, 2008
Mustafa Makinist's father arrived in Germany from Turkey in 1973 with plans to work for five years. He stayed on, working as a machine repairman at Siemens for 25 years. (International Herald Tribune -- Business)
Legislators Introduce Bills To Tackle Moth Feb 23, 2008
E-Mail News Alerts Get breaking news and daily headlines. Bay Area Ready To Battle Light Brown Apple Moth. (KSBW 8, CA)
Bank Islam scheme to ease home loan burden Feb 22, 2008
KUALA LUMPUR: Bank Islam Malaysia Bhd has introduced an innovative financial plan to reduce the burden on home financing customers, who can opt for a payment holiday in November and December every year ... Recognising that financial commitments increase due to back-to-school expenses and year-end holidays, the programme would give families a break from making compulsory home financing payments, he told Bernama ... This is an added feature to the bank s existing home financing and home... (The Star Online, Malaysia -- Business)
McCain Says 'Shame' On New York Times Feb 21, 2008
Scott Olson/Getty Images. Paper Reports Link Between Candidate, Female Lobbyist Vicki Iseman. (KCRA 3, CA)
Real Estate Investors Take Cue from Warren Buffett at Upcoming Mobile Home and Mobile Home Park Investing Conference Feb 20, 2008
Currently in its sixth incarnation, this year's Mobile Home Millions event will cover topics ranging from mobile home financing to manufactured home/land subdivisions to large mobile home park investing. This year's Mobile Home Millions roster of presenters will include a who's who of mobile home and real estate investing gurus. (Yahoo News -- Press Releases)
Paulson Signals New Loan Rules as Treasury, Fed Attempt to Revive Growth Feb 14, 2008
Updated: New York, Feb 14 03:57 London, Feb 14 08:57 Tokyo, Feb 14 17:57. Paulson, Testifying With Bernanke, Foreshadows New Loan Rules. (Bloomberg -- US)
Burress Predicts Victory Feb 1, 2008
" Copyright 2008 by . All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Links We Like Want to make more money and get promoted? Find out how to dress for success at work. Could refinancing save you money? Enter some basic information about your home and credit, and an email address, you'll get up to four lender quotes Want to make more money? Find out how to get the salary you really want. Itchy, dry skin can have many origins and solutions. Find... (KSBW 8, CA)
Realtor Associations Set Agenda for Coming Year Feb 1, 2008
From the adoption of local sign ordinances to regulations affecting the home financing system, Realtors need a place at the table when decisions are being made. It is through their associations that their voice is heard and their interests represented. (RealtyTimes)
Business people Jan 31, 2008
Freeman's primary responsibilities with 1st Metropolitan Mortgage will be educating consumers regarding their home financing options and helping homeowners refinance their existing mortgages. University of Alaska Anchorage hired Katherine Bilton as its new strategic enrollment management coordinator. (Anchorage Daily News)
MHDC approves 32-unit apartment complex in Camdenton Jan 24, 2008
It will also receive 385,000 in federal home financing. A total of 34 developments across the state were awarded funds this year. (Camdenton Lake Sun Leader, MO)
BSN targets housing loans growth Jan 23, 2008
Last week, Second Finance Minister Tan Sri Nor Mohamed Yakcop said the Government expected financial institutions to disburse RM1bil worth of home financing to low-income groups under the scheme this year. Housing loans, which account for about 39% of BSN's total loan portfolio, currently totals RM2. (The Star Online, Malaysia -- Business)
Holmgren Not Leaving Seahawks Jan 23, 2008
"Seattle, which won its fourth consecutive NFC West title, was eliminated by Green Bay in the divisional playoffs.Holmgren's record with Green Bay and Seattle, where he arrived in 1999, is 170-110, one win behind former Redskins coach Joe Gibbs for 10th in NFL history. Holmgren is 86-68 in nine seasons with Seattle. He passed Chuck Knox this season for most victories by a Seahawks coach.Seattle will return the core of its team next season, and five of the Seahawks' six division titles have come... (Click2Houston, TX)
Lenders say Wells Fargo suit can chill business Jan 12, 2008
"Government agencies and the public-interest groups strongly encouraged the lending industry to come up with flexible underwriting and new ways of thinking to maximize home financing opportunities for borrowers with impaired credit, and now, the very programs that they developed are being criticized," said financial-services attorney Larry Platt, a partner with K&L Gates in Washington. John Taylor, president and chief executive of the National Community Reinvestment Coalition, which promotes... (SunSpot.net)
Southwest Montana Snapshots Jan 11, 2008
Participants will learn about special affordable home financing options including down payment and closing cost assistance. programs for eligible first-time homebuyers. (Montana Standard, MT)
Schwarzenegger Looks To Slash Education Jan 11, 2008
State Faces Huge Budget Deficit. POSTED: 5:54 am PST January 10, 2008UPDATED: 6:12 pm PST January 10, 2008. (KCRA 3, CA)
Mortgage Fraud and Foreclosures, Kissing Cousins Jan 10, 2008
Mortgage Myths: 77 Secrets That Will Save You Thousands on Home Financing (John Wiley. Foreclosure Self-Defense For Dummies (John Wiley. (RealtyTimes)
Primary Residential Mortgage Reaches 5-Year Milestone in Minneapolis-Area Branch Jan 8, 2008
During his time operating his business, Klippen has helped over 460 borrowers with their home financing needs. "I did a lot of research before deciding on PRMI in 2002. I liked the fact there was a wide range of corporate support services and that the company was constantly striving to innovate," says Klippen. (PR Newswire)
Equity Saving Home Improvements Jan 2, 2008
Falling home prices, a surge in cash-out refinances, home equity loans and lines of credit and an increase in 100 percent or more home financing has been chipping away at home equity. Economists say the number could drop below 50 percent by the end of the year. (RealtyTimes)
Letters to the editor Dec 27, 2007
I've only had dealings with one of the nine indicted in the federal home financing case, and I have always found her to be professional, hard-working, ethical and very helpful; I doubt the indictment against her will lead anywhere. However, the charges against nine persons and one corporation raised my curiosity: If a small, local mortgage company is indicted by the feds over shady practices by some of its employees involving about $2 million in loans, why hasn't the Veco Corp., whose principals... (Anchorage Daily News)
SE Asia offers haven from US turmoil Dec 21, 2007
Malaysia, meanwhile, is taking aggressive steps to boost domestic demand, including a recent boost to civil servant salaries and a government decision to allow beginning next year the 5 million contributors to the Government Provident Fund to make early withdrawals for home financing purposes. Singapore, whose percentage of total exports to the US has fallen by half from 20% in the mid-1990s to 10% today, continues to defy economic logic through its extraordinary domestic demand-led growth,... (Asia Times Online)
Bush Hopes Report Has Ended Steroid Era Dec 15, 2007
"Selig's comments came at a press conference in New York more than two hours after Mitchell held his own press conference to release the report. Previous Stories: December 13, 2007: December 14, 2007: Distributed by Internet Broadcasting Systems, Inc. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Links We Like Don't let your clothing choices torpedo your job chances. Looking to buy a new home?... (KSBW 8, CA)
Deputies: Nearly 1 Ton Of Pot Found During Traffic Stop Dec 13, 2007
E-Mail News Alerts Get breaking news and daily headlines. POSTED: 5:09 pm CST December 12, 2007UPDATED: 9:41 pm CST December 12, 2007. (7 KETV Omaha)
Mom Sensed Mall Shooting Son Wasn't Right Dec 13, 2007
"After receiving that message, Rodriguez went to the home where Hawkins was living. The son of the woman Hawkins was staying with found his suicide letters.Rodriguez took the notes to the Sarpy County Sheriff's Department in the hour before the shooting. She said she found out about the scene at Westroads Mall through a friend's phone call.She said she felt better when police showed her the photo of an initial suspect who was not her son.Then, at about 4 p.m. last Wednesday, Rodriguez found out... (TheSanDiegoChannel.com, CA)
911 Calls Released In Omaha Mall Rampage Dec 7, 2007
E-Mail News Alerts Get breaking news and daily headlines. Papillion-La Vista High SchoolOmaha television station KETV obtained a yearbook picture of Robert Hawkins, who is believed to have killed eight people and himself at a mall near Omaha, Neb. (KCRA 3, CA)
Bill Coming Due on Sinking Home Equity Dec 6, 2007
During the country's most recent housing boom, the term "homeowner" became a misnomer as lenders offered 100 percent or more home financing to some buyers. . (Herald Sun)
Homeownership a misnomer for some Dec 6, 2007
During the country's most recent housing boom, the term "homeowner" became a misnomer as lenders offered 100 percent or more home financing to some buyers. Now, slipping home prices threaten to further erode the value of many Americans' single largest asset, curbing consumer spending and jeopardizing retirement assets. (North County Times)
Big hurdle for subprime bailout: Who to help? Dec 5, 2007
Richard Syron, chief executive officer of the second-largest home financing company, Freddie Mac , held back full support for the plan in a CNBC interview since it is still not known how borrowers would be chosen. Legal issues have stalled modifications to date and may also limit the plan's effectiveness, economists at Goldman Sachs Group Inc. said in a note dated Monday. (ABC News -- Wire)
Subprime Loans Can Work Dec 5, 2007
Subprime mortgages are home loans that provide a home financing option for those who don't qualify for more conventional prime mortgages. Subprime loans typically are more expensive than prime loans, and they carry more risk. (RealtyTimes)
The Home Buying Process: Step by Step Dec 4, 2007
You also need to find a lender to get home financing ... Call a Quicken Loans at (800) 963-2177 for help figuring out all your home financing options. (Ontario Argus Observer, OR)
Australian, New Zealand Dollars Rise as U.S. Stock Gains Spur Carry Trades Nov 28, 2007
Freddie Mac, the second-biggest U.S. provider of home financing, plans to sell $6 billion in preferred stock and cut its dividend in half to shore up capital, the company said in a statement yesterday. Citigroup Inc. said it would sell a stake of as much as 4. (Bloomberg -- Australia & New Zealand)
US stocks rebound on banks, oil Nov 28, 2007
Shares of Freddie Mac also fell in after-hours trading after the No. 2 US home financing provider said it would slash its divident by 50 percent and would raise $6 billion through the sale of preferred stock. OIL BOOST During the regular session, GE shares finished up 2 percent up at $37. (India Times)
Asian stocks down on fresh credit woes Nov 27, 2007
In the latest sign of trouble in the credit market, UBS downgraded home financing providers Freddie Mac and Fannie Mae to neutral, citing increased mortgage losses and erosion of other home-loans investments. Adding to the gloom Goldman Sachs downgraded HSBC to sell, saying Europe's biggest bank would likely need a further $12 billion in provisions for its U.S. subprime mortgage and home equity loans. (International Herald Tribune)
Fannie, Freddie rout seen hurting major investors Nov 23, 2007
BOSTON: America's biggest mutual fund and some top investors are almost certainly taking it on the chin following this week's plunge in the shares of the top two home financing firms, Fannie Mae and Freddie Mac. The Growth Fund of America, which in October became the first US fund to hit US$200bil in assets, owned as of Sept 30 a US$3. (The Star Online, Malaysia -- Business)
Some Retailers Can't Wait For Black Friday Nov 23, 2007
"Web shopping is a different matter. More retailers are pushing shoppers to buy online on Thanksgiving, instead of just researching deals for Black Friday, named because it was traditionally when stores became profitable.Wal-Mart Stores Inc., which last year offered one or two online specials on Thanksgiving, is offering specials on 20 to 30 products online. CompUSA.com is featuring one-day, online-only sales on Thanksgiving - on products including computers, LCD flat-panel TVs and portable DVD... (Click2Houston, TX)
RHB Islamic to increase home financing by RM1bil Nov 23, 2007
KUALA LUMPUR: RHB Islamic Bank Bhd expects to increase its home financing by the end of next year by another RM1bil via its newly launched Equity Home Financing-i. Speaking at the product launch yesterday, managing director Jamelah Jamaluddin said the bank s home financing segment amounted to RM1 ... The bank expects Equity Home Financing-i to do particularly well in targeted high growth areas such as the Klang Valley, Johor, Penang, Kuching and Kota Kinabalu, said Jamelah. (The Star Online, Malaysia -- Business)
Dynamo Arrive In Houston With MLS Cup Nov 20, 2007
"You always want to get the first goal, but it didn't happen in this game. But it's a championship games and you can't put your head down if you give up the first goal. We did a great job fighting back and finally got this again.The city of Houston is holding championship rally at 5:30 p.m. Tuesday on the steps of City Hall.Mayor Bill White will soon collect on a bet he made with Boston's mayor. The mayors wagered 10 pies on the game. The Boston cream pies are expected to be sent to Houston... (Click2Houston, TX)
EONCAP Islamic Bank targets 20% growth Nov 9, 2007
She said EONCAP Islamic's performance in the first six months ended June 30, 2007 showed that Al-Ijarah Thumma Al-Bai' and home financing comprised 38% and 27% respectively of the total financing ... EONCAP Islamic has its competitive advantage in its hire-purchase business as well as a strong foothold in home financing. (The Star Online, Malaysia -- Business)
