| The Mortgage Crisis,
Subprime Lending and Foreclosures in the News |
| Mortgage Crisis |
Updated :
NEW YORK — The Rev. Jeffry Dillon switched from the religious to the secular on a recent Sunday morning to ask his parishioners a pointed question: “Do subprime mortgages scare you?” Then he announced that the Roman Catholic parish, not far ...
Publ.Date : Sat, 17 May 2008 11:27:00 GMT
NEW YORK — The Rev. Jeffry Dillon switched from the religious to the secular on a recent Sunday morning to ask his parishioners a pointed question: “Do subprime mortgages scare you?” Then he announced that the Roman Catholic parish, not far ...
Publ.Date : Sat, 17 May 2008 11:34:00 GMT
WASHINGTON -- The mortgage industry may be in meltdown, but at least one class of lender appears to be flourishing: Islamic finance companies that offer Muslim home buyers alternative arrangements such as lease-to-own deals so they can avoid making ...
Publ.Date : Thu, 15 May 2008 15:18:00 GMT
The Rev. Jeffry Dillon switched from the religious to the secular on a recent Sunday morning to ask his parishioners a pointed question: "Do subprime mortgages scare you?" Then he announced that the Roman Catholic parish, not far from JFK ...
Publ.Date : Wed, 14 May 2008 00:54:00 GMT
SINGAPORE (Thomson Financial) - Asian markets are expected to remain volatile next week, with investors locking in gains amid doubts whether recent market advances following encouraging U.S. economic indicators could be supported. Share prices around ...
Publ.Date : Fri, 16 May 2008 10:24:00 GMT
NEW YORK - The Rev. Jeffry Dillon switched from the religious to the secular on a recent Sunday morning to ask his parishioners a pointed question: "Do subprime mortgages scare you?" Then he announced that the Roman Catholic parish, not far from JFK ...
Publ.Date : Thu, 15 May 2008 10:11:00 GMT
New York, N.Y. — The Rev. Jeffry Dillon switched from the religious to the secular on a recent Sunday to ask his parishioners: "Do subprime mortgages scare you?" Then he announced that the Roman Catholic parish, not far from JFK International ...
Publ.Date : Thu, 15 May 2008 08:59:00 GMT
(Fortune) -- Treasury Secretary Henry Paulson is talking tough, but don't expect Washington to bring Fannie Mae to heel till the housing crisis eases. Paulson emphasized in a lunchtime speech in Washington Friday that he believes the time has come ...
Publ.Date : Fri, 16 May 2008 19:56:00 GMT
Out without warning Mortgage crisis hits renters who must vacate houses when landlords default on loans Baltimore Sheriff's Deputy Andre Saunders (left) and Realtor David McIlvaine Jr. (center) explain to renter Ammon Phavone that she must move out ...
Publ.Date : Fri, 16 May 2008 12:54:00 GMT
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| Subprime Lending |
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TOKYO (Thomson Financial) - Japanese financial services group Mizuho Financial Group Inc. said Thursday its net profit fell 49.8 percent in the fiscal year ended March, hit by losses arising from the subprime lending crisis. Japan's second-biggest ...
Publ.Date : Thu, 15 May 2008 08:59:00 GMT
The U.S. Senate held a series of no fewer than eight hearings entitled "Turmoil in U.S. Credit Markets." The House recently passed the American Housing Rescue and Foreclosure Prevention Act of 2008 and the Neighborhood Stabilization Act of 2008, both ...
Publ.Date : Thu, 15 May 2008 15:26:00 GMT
May 16 (Bloomberg) -- Australia's market for securities backed by residential mortgages, which ground to a standstill last year amid the global credit squeeze, shows signs of improving, said Guy Debelle , a Reserve Bank assistant governor. ``In ...
Publ.Date : Fri, 16 May 2008 05:23:00 GMT
WASHINGTON, May 15 /PRNewswire-USNewswire/ -- Home sales and prices throughout most of the country are poised for improvement in the second half of 2008, and the recovery will vary by market, Lawrence Yun, chief economist for the National Association ...
Publ.Date : Fri, 16 May 2008 00:30:00 GMT
WASHINGTON (Thomson Financial) - The Federal Reserve might try to prevent credit bubbles from forming with its regulatory powers but should not try to burst them, Fed Governor Frederic Mishkin said Thursday night. "Monetary policy should not try to ...
Publ.Date : Thu, 15 May 2008 00:52:00 GMT
Kevin Hench is a frequent contributor to FOXSports.com. An accomplished film and television writer, Hench's latest screenwriting credit is for The Hammer , starring Adam Carolla. That in itself wouldn't be a particularly big story, but then he went ...
Publ.Date : Fri, 16 May 2008 18:09:00 GMT
Although we still believe this is a recession, it now seems likely that it will be shallower, but longer than previously anticipated. Like 2001, there might not be the usual two consecutive quarters of negative gross domestic product (GDP) growth ...
Publ.Date : Fri, 16 May 2008 00:58:00 GMT
DUMMERSTON, Vt. -- It seems hard to believe, but the finance, insurance and real estate sector (FIRE, for short) now constitutes about 20 percent of our nation's gross domestic product, while manufacturing contributes less than 13 percent. By ...
Publ.Date : Thu, 15 May 2008 09:49:00 GMT
(RTTNews) - A high-ranking official at the Federal Reserve's New York branch said Thursday that actions taken by the central bank have helped improve the functioning of financial markets. He warned though, that the impact of recent problems could ...
Publ.Date : Thu, 15 May 2008 17:06:00 GMT
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| Home Foreclosures |
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• The wrong photographer was credited for a picture with a story about the rescue of people from home foreclosures. The photo of homeowners Nubia and David Agudelo, on Page 1B of Broward & State Wednesday, was by Miami Herald staff photographer J ...
Publ.Date : Fri, 16 May 2008 06:56:00 GMT
Home foreclosure filings in April totaled 243,353, up 4 percent from March, RealtyTrac, an online market of foreclosure properties, said in its U.S. Foreclosure Market Report. The figure is a total of default notices, auction sale notices and bank ...
Publ.Date : Wed, 14 May 2008 00:54:00 GMT
DENVER -- The number of home foreclosures in Colorado jumped 23 percent in the first quarter of 2008 compared to the same period last year. The state Division of Housing on Thursday reported more than 11,600 new foreclosure filings in the first ...
Publ.Date : Fri, 16 May 2008 00:30:00 GMT
El Paso's home foreclosure filings continued to decline in April. El Paso had 164 home foreclosure filings in April, a decrease of 20.4 percent from April 2007, RealtyTrac, a California company which tracks foreclosures nationwide, reported Wednesday ...
Publ.Date : Wed, 14 May 2008 00:54:00 GMT
DENVER—The number of home foreclosures in Colorado jumped 23 percent in the first quarter of 2008 compared to the same period last year. The state Division of Housing on Thursday reported more than 11,600 new foreclosure filings in the first ...
Publ.Date : Thu, 15 May 2008 17:27:00 GMT
WASHINGTON — Construction of new homes posted the biggest increase in more than two years in April, a rare spot of good news amid the worst downturn in housing in more than two decades. The Commerce Department reported today that housing ...
Publ.Date : Fri, 16 May 2008 13:37:00 GMT
Ohio ranked eighth in the nation in home foreclosure proceedings in April, according to the newest monthly report from RealtyTrac of Irvine, Calif. One in every 432 homes in the state had some type of filing during the month. Foreclosure filings were ...
Publ.Date : Thu, 15 May 2008 14:14:00 GMT
/Sacramento, CA - May 14, 2008/ - First Digital, Inc., a leading information technology consulting firm, today announced the pre-launch of EasyLazy.com, the first business social networking website enabling consumers to help each other when it comes ...
Publ.Date : Wed, 14 May 2008 00:54:00 GMT
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