Mortgage and Financial News From 2008-2-2 Page 01

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• Countrywide Financial, a top mortgage lender, is focus of Florida ...

  Orlando Sentinel - Calabasas, Calif.-based Countrywide is the largest mortgage lender in Florida, with nearly $19 billion in home loans funded in 2006, according to federal Home Mortgage Disclosure Act data. It is also the biggest in Central Florida, with home loans of ...
  2008-02-01 02:27:00

• Feeling the pinch

  Macomb Daily - ... out, property values took a nosedive, and thousands of borrowers found themselves sitting on mortgage loans greater than the value of their home. ... Abusive' lender "Johnson's case is notable because Ameriquest was one of the most abusive lenders in ...
  2008-02-02 09:38:00

• The Countrywide Deal: Not So Fast!

  Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... hailed as a solution to the significant pressures Countrywide and other mortgage ... year with a $2 billion cash infusion into the struggling Calabasas, Calif., lender ...
  2008-01-30 03:58:00

• The subprime mortgage crisis began on 9/11 - Dallas Morning News

  The subprime mortgage crisis began on 9/11Dallas Morning News, TX - 2 hours agoOr mortgage lenders and their brokers. And we could blame the borrowers for being foolish. We certainly can't take any pride in the greed-driven decisions ...
  2008-02-02 09:02:59

• Thugs in suits shooting pigeons - Pittsburgh Tribune-Review

  Thugs in suits shooting pigeonsPittsburgh Tribune-Review, PA - 2 hours agoThey are given to people who don't meet the lender's most basic standards. According to The New York Times, investment banks buy these loans, sometimes at a ...
  2008-02-02 09:03:53

• US Rep. Latham recaps federal issues - Fort Dodge Messenger

  US Rep. Latham recaps federal issuesFort Dodge Messenger, IA - 2 hours agoHe predicted that there will be some regulatory changes involving the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. to try ...
  2008-02-02 09:16:29

• TIC loan record:Spotless - San Francisco Chronicle

  TIC loan record:SpotlessSan Francisco Chronicle,  USA - 1 hour agoIn this sense, the TIC lending success story may be a model for other lenders looking to create new mortgage products. The bottom line is that someone pays ...
  2008-02-02 09:30:53

• Now is the time to buy - Youngstown Vindicator

  Now is the time to buyYoungstown Vindicator, OH - 1 hour agoIf a lender qualifies you for a home purchase, make the move. Remember also, if you are planning to save your money to have a big down payment before you ...
  2008-02-02 09:37:12

• Lenders singling out specific counties - San Francisco Chronicle

  Lenders singling out specific countiesSan Francisco Chronicle,  USA - 1 hour agoIn late January, a ZIP code for McLean, Va., - a high-income, high-cost residential community and home of mortgage investment giant Freddie Mac - was rated ...
  2008-02-02 09:39:59

• Feeling the pinch - Macomb Daily

  Feeling the pinchMacomb Daily, MI - 1 hour ago"My guess is that he could have qualified for a better mortgage." Multiple reports indicate that predatory lenders target blacks like Johnson, women, ...
  2008-02-02 10:00:59

• When the price is wrong - St. Petersburg Times

  When the price is wrongSt. Petersburg Times, FL - 1 hour ago"It's a matter of greed, and it affected everyone from buyers who knew they couldn't afford a $650000 home to lenders who saw the opportunity to give out a ...
  2008-02-02 10:13:40

• Foreclosures create opportunities - Tulsa World

  Foreclosures create opportunitiesTulsa World, OK - 1 hour agoThough they all begin with a formal filing by the mortgage lender against the delinquent borrower in the courts, each one can take very different paths. ...
  2008-02-02 10:14:11

• David Nicklaus - St. Louis Post-Dispatch

  David NicklausSt. Louis Post-Dispatch,  United States - 44 minutes agoSome schools, however, may be scrambling to replace a lender that's cutting back with one that still has money. Raymond Bayer Jr., chief executive of ...
  2008-02-02 10:31:38

• EYE ON THE PIE: Subprime mortgages meet subprime thinking - nwitimes.com

  EYE ON THE PIE: Subprime mortgages meet subprime thinkingnwitimes.com, IN - 31 minutes agoThe same clip said, "Federal bank regulators, concerned about a spike in delinquencies and defaults on subprime home mortgages … called on lenders to ...
  2008-02-02 10:45:12

• Real estate down; offices close - Victorville Daily Press

  Real estate down; offices closeVictorville Daily Press, CA - 28 minutes agoAccording to USA Today, lenders filed close to 24000 notices of default last year in San Bernardino County, up nearly 150 percent from 2006. ...
  2008-02-02 10:48:29

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