Mortgage and Financial News From 2008-2-24 Page 3

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  • The Post-Bubble Curriculum

    BusinessWeek - The issue is the same as a mortgage broker or bank executive facing pressures to offer home buyers loans they may or may not be able to afford.
    2008-02-24 10:42:00

  • Jordan Belfort: Confessions of the Wolf of Wall Street

    Daily Telegraph - The subprime crisis is dragging down America's entire economy, but the fact that Belfort was able to become a mortgage broker even after admitting fraud and money-laundering charges speaks volumes about how carefully it was regulated.
    2008-02-24 03:57:00

  • Transparent Mortgage Pricing Introduced

    dBusinessNews.com - The low cost model of only 1 Point per loan transaction simply would not work for the vast majority of Mortgage Brokers. With higher overhead costs, and compensating both the loan originator and the broker, higher fees must be charged to maintain ...
    2008-02-24 03:07:00

  • Is the downturn over? Is it a good time to buy? This Glenville real ...

    Daily Gazette - Pete Flaherty, a real estate and mortgage broker in Glenville, says he thinks the real estate market is back on the upswing. He stands in front of a home in Rotterdam he recently listed for sale. Pete Flaherty has been in the housing industry since ...
    2008-02-23 11:36:00

  • Interest adds up in 40-year mortgage

    Detroit Free Press - Dear David: I want to buy my first house but keep my payments as low as possible, because a lot of my income already goes toward making the minimum payments on my credit cards and auto loan. The mortgage broker that I am working with suggests that I ...
    2008-02-24 06:03:00

  • The Post-Bubble Curriculum (BusinessWeek)

    For business schools, the subprime meltdown has become a can't-avoid classroom topic—at least for now
    2008-02-24 11:28:37

  • Southwest Florida business briefs: Feb. 25, 2008 (Naples Daily News)

     
    2008-02-24 01:48:10

  • Not Making Ends Meet (New London Day)

    In Steven Bowen's world there is Callista, Fergus and work. Callista is Bowen's precocious 5-year-old daughter, and Fergus is their lanky, turbo-charged, white German shepherd
    2008-02-24 04:29:03

  • Hundreds of Hoosiers attend auction featuring foreclosed homes (WISH-TV Indianapolis)

    Experts say foreclosures are on the rise here in Indiana. On Sunday hundreds of Hoosiers attended an auction to bid on more than 70 foreclosed homes.
    2008-02-24 05:01:20

  • Bargain hunters may toss a lifeline to housing (Reuters via Yahoo! News)

    The distressed U.S. housing market should get a lift this spring as bargain prices lure prospective buyers out of hibernation, but tighter lending means no one should expect the boom days to return any time soon.
    2008-02-24 05:17:31

  • Ambac May Get $3 Billion in New Capital From Banks, Person Says

    Bloomberg - Losses on the subprime-mortgage securities they guaranteed prompted the ratings companies to demand the insurers add more capital or face downgrades.
    2008-02-22 09:43:00

  • Home buyers 'captive' of obfuscating language

    St. Petersburg Times - WASHINGTON - A policy change by mortgage investor Freddie Mac sheds new light on issues of much broader concern for consumers ... Whether the disclosures will force lenders and title companies and builders to come clean on where every customer's money and ...
    2008-02-22 10:33:00

  • UPDATE: Buffett Sees Value, Ups Stakes In Wells, USB

    CNN Money - These two companies have largely avoided many of the exotic investment instruments and mortgage products, and it will pay off for them," Millen said.
    2008-02-23 03:58:00

  • EARNINGS OUTLOOK: Dell's Retail, Corporate Sales To Come Under Scope ...

    CNN Money - Financial services companies are bearing the brunt of the U.S. mortgage industry problems, and Dell has a higher exposure to the Americas market than rivals Hewlett-Packard Co. (HPQ) and IBM Corp. ( IBM
    2008-02-23 03:58:00

  • Ambac could see bank bailout next week

    CNN Money - feed://rss.cnn.com/rss/money_news_companies.rss ... the value of the securities they insure - many of which are backed by mortgages - have plunged in value since mortgage ...
    2008-02-22 03:52:00

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