Mortgage and Financial News From 2007-12-30 Page 9

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• Top 20 business events, from housing slowdown to hostile bid for ...

  Daily Territorial - One of the nation’s largest privately-owned mortgage companies, First Magnus ... impact affected the people who lost their jobs but with unemployment rates b low ... For all the current suffering with construction, there remains a need to handle ...
  2007-12-30 10:01:00

• Foreclosures could affect budgets

  Sentinel & Enterprise - Local officials from Lancaster and Townsend are concerned current economic trends, including the subprime mortgage crisis and falling motor ... The subprime mortgage crisis -- which began when lenders raised mortgage rates in early 2007 to ...
  2007-12-30 09:11:00

• New cars that are fully loaded -- with debt

  Los Angeles Times - The dealership, near the Posts' home in Victorville, made it easy; it just added the old debt to the price of the new ... She recently tried to refinance her mortgage, she said, but was declined because her car payments were too high. "Not one ...
  2007-12-29 11:53:00

• What's in store for 2008?

  Philadelphia Inquirer - NEW YORK - The credit crisis that walloped Wall Street ... Housing continues to slump while credit markets remain tight, and that has some people wondering exactly how bad things could get ... financial institutions battered by the subprime-mortgage ...
  2007-12-30 12:00:00

• Winners and Losers in a Year of Deal-Making

  New York Times - Things were going great until summer, when the subprime mortgage thing really took us ... well-deserved smirk on his face for piloting his company safely through the credit ... That’s not to say you didn’t make bad loans or get yourself in other trouble ...
  2007-12-30 10:08:00

• Bad for the US Dollar...

  Stockhouse Canada - Bad for the US Dollar... Sales of New Homes Worse Than Expected Saturday December ... The tighter credit situation is deepening the housing slump. Unsold homes have ... If you can't qualify for a mortgage the game is over. For those who do qualify, it ...
  2007-12-30 09:04:00

• Stocks Set to End the Year With Only Modest Gains

  CNBC - ... consumer discretionary sectors were the two major victims of the subprime mortgage ... Whether the housing market's meltdown and the resulting credit crisis claim any ... More bad news for them means we're farther away from the end of tunnel." The ...
  2007-12-30 11:20:00

• An Inconvenient Year

  Washington Post - ... radio commercial has been some guy selling mortgages to people who clearly should not have mortgages. ("No credit? No job? On death row? No problem!") It got so bad that you couldn't let your dog run loose because it would come home with a mortgage ...
  2007-12-30 07:31:00

• Is the credit crunch near an end?

  Traverse City Record-Eagle - Housing continues to slump while credit markets remain tight, and that has some people wondering exactly how bad things could get next year. ... more confident that major financial institutions battered by the subprime mortgage crisis ...
  2007-12-30 06:48:00

• Charismatic mortgage broker went for hard sell

  New Zealand Herald - ... below the United States median of 720, according to Fair Isaac, whose software measures consumer credit-worthiness. Daniel Sadek's sub-prime mortgage ... for compliance and risk management, says she tried to make sure the hard sell didn't result in bad ...
  2007-12-30 07:59:00

• Experts expect real estate slump to last well into 2008

  San Francisco Gate - ... national economy, the situation with foreclosures and the availability of credit ... Ed Craine, chief executive officer of Smith-Craine Finance, a San Francisco mortgage ... As bad as it may get in the Bay Area, the region is weathering the downturn in ...
  2007-12-30 08:14:00

• Brown gets opinion poll boost

  International Herald Tribune - ... improvement from a 13-point deficit two weeks ago, perhaps reflecting a let-up after weeks of bad ... with the global credit crisis that led to Britain's first bank run in more than a century at mortgage lender Northern Rock . "The global credit ...
  2007-12-30 06:55:00

• Despite economic turmoil nationally, our area stable (Daily Press)

  Jamestown 2007, the housing market and a big mall change are among this year's top stories. While the national economy battled a flood of bad news about housing and mortgage markets, Hampton Roads businesses pushed through with a relatively stable year. The once red-hot real estate industry slowed, flattened and flipped to a buyer's market, but the region escaped the excesses plaguing other ...
  2007-12-30 01:03:35

• Subprime fiasco to dominate early 2008 (Toronto Star)

  The first few months of 2008 may bring some clarity on how much money will actually be lost to bad loans made to high-risk borrowers in the subprime mortgage debacle, economists and stock market watchers say.
  2007-12-30 02:06:01

• Debt woes expanding: Now it’s unpaid credit card bills that are rising (The Globe Gazette)

  SAN FRANCISCO (AP) — Americans are falling behind on their credit card payments at an alarming rate, sending delinquencies and defaults surging by double-digit percentages in the last year and prompting warnings of worse to come.
  2007-12-30 01:01:40

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