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U.S. MBA's Mortgage Applications Index Climbed 2.8% Last Week - BloombergAug. 6 (Bloomberg) -- Mortgage applications in the U.S. climbed last week from a seven-year low as more Americans sought to refinance out of adjustable-rate loans. The Mortgage Bankers Association's index of applications to buy a home or refinance a ...
Whitney: Credit crunch far from over - CNN MoneyNEW YORK (Fortune) -- The credit crisis is far from over, star analyst Meredith Whitney tells Fortune magazine in its upcoming issue. Whitney, who audaciously - and correctly - predicted last October that Citigroup ( C , Fortune 500 ) would have to ...
A second, far larger wave of U.S. mortgage defaults is building - International Herald TribuneNEW YORK : The first wave of Americans to default on their home mortgages appears to be cresting, but a second, far larger one is building with alarming speed. After two years of upward spiraling defaults, the problems with mortgages made to people ...
Mortgage application volume drops to 2008 low - Mercury,NEW YORK — Mortgage application volume tumbled last week to its lowest level of the year, a trade group said Wednesday, as many homeowners found they don't have enough equity to refinance their homes. Mortgage application volume fell 14 percent ...
Next shoe is set to drop in the mortgage mess - Herald TribuneThe first wave of Americans to default on their home mortgages appears to be cresting, but a second, far larger one is quickly building. Homeowners with good credit are falling behind on their payments in growing numbers, even as the problems with ...
Homeowners With Good Credit Falling Behind Their Payments - All Headline NewsNew York, NY (AHN) - While sub-prime borrowers who defaulted on their home mortgages appear to be leveling off, alternative-A mortgage-holders are finding it difficult to meet their monthly payments. Alternative-A-mortgages are issued to loan ...
Fed likely to hold rates steady amid crosscurrents - FOX NewsWASHINGTON — An ugly brew of rising unemployment, spiking foreclosures and gyrating energy prices is plaguing the country and making life difficult for Federal Reserve Chairman Ben Bernanke as he tries to right the economy. Bernanke and his central ...
Housing Lenders Fear Larger Wave Of Loan Defaults - Free Internet PressThe first wave of Americans to default on their home mortgages appears to be cresting, but a second, far larger one is quickly building. Homeowners with good credit are falling behind on their payments in growing numbers, even as the problems with ...
Leveraging Fannie and Freddie - Spectator.orgIn the world of investment, one of the main methods of moving a project forward is called "leveraging." By committing a modest sum of money, a funding source can be a catalyst for funds from other sources. Leveraging also can bring to fruition ...
Who’s in your wallet? - Williamson Daily NewsCredit cards, as most people theoretically understand, can turn into the 21st-century equivalent of sharecropping. First, you borrow from The Man to get your cotton planted (or maybe to buy that new flat-screen HDTV). Comes picking time (or the ...