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FDIC Seizes Three Banks, Expanding Loan-Relief Effort - Washington Post


Houston Chronicle
FDIC Seizes Three Banks, Expanding Loan-Relief Effort
Washington Post, United States - 19 hours ago
The Federal Deposit Insurance Corp., which took control of the banks, said holders of about $1.9 billion in Downey mortgage loans who have fallen behind on
Downey Financial could be next bank casualty Los Angeles Times
Downey Seized, Sold to US Bancorp as Mortgage Fallout Spreads Bloomberg
US Bank Acquires Downey Savings & Loan and PFF Bank & Trust WELT ONLINE
Reuters - Bloomberg
all 775 news articles

Japanese banks discover expat borrowers - International Herald Tribune


Investment Markets
Japanese banks discover expat borrowers
International Herald Tribune, France - Nov 21, 2008
From the borrower's side, it is an easy decision to use a loan to buy property in Japan. Interest for mortgage loans starts around 1 percent to 2 percent
Yen Falls a Second Day Versus Dollar, Euro on Rally in Equities Bloomberg
FXOUTLOOK-Investors look for dollar to gain in week ahead Reuters
all 330 news articles

New Tack in Default Battle: Cutting Mortgage Principal - Wall Street Journal


Reuters
New Tack in Default Battle: Cutting Mortgage Principal
Wall Street Journal - Nov 19, 2008
Not everyone agrees reducing the loan balance is the right move. JP Morgan Chase & Co.'s new effort to restructure as much as $70 billion in mortgage loans
What Securitization Problem? The FDIC Weighs In New York Times
CORRECT: Modified mortgages often re-default MarketWatch
FDIC lays out broad home loan modification plan Reuters
Washington Post - RGE Monitor
all 945 news articles

Interest on 40-, 50-year mortgages probably isn't worth it - The Newark Advocate


ABC News
Interest on 40-, 50-year mortgages probably isn't worth it
The Newark Advocate, OH - 12 hours ago
Remember, lenders and home owners got into trouble with interest-only mortgage loans in which the buyer had a certain period of interest-only payments,
Short Sale vs. Foreclosure Wall Street Journal
More Utah homeowners are facing foreclosure Daily Herald
Fannie, Freddie Suspend Evictions During Holiday Season Washington Post
Tampa Tribune - CNNMoney.com
all 626 news articles

Woes at Citigroup Began With Failed Bid for Wachovia - New York Times


The Age
Woes at Citigroup Began With Failed Bid for Wachovia
New York Times, United States - 8 hours ago
presence and added more stable consumer deposits to a balance sheet staggered by billions in write-downs on bad mortgage loans and related securities.
Will Citigroup Survive? Four Possible Scenarios TIME
Citigroup's options dwindle as shares under $4 The Associated Press
Janet Whitman, National Post; with a file from John Greenwood in National Post
The Associated Press
all 1,050 news articles

Columbia Bank is an Approved FHA Mortgage Lender - MarketWatch


The Free Lance-Star
Columbia Bank is an Approved FHA Mortgage Lender
MarketWatch - Nov 21, 2008
Columbia's FHA Mortgage Loans are specifically designed for borrowers who would not normally qualify for conventional home mortgage programs, including.
FHA sets limits on home mortgages The Free Lance-Star
Mass Production Vs. McMansions Forbes
Once again, the subprime wolves are on the prowl KXXV News Channel 25
all 21 news articles

Fitch Assigns Litton A Resi Primary Alt-A Servicer Rating - MarketWatch

Fitch Assigns Litton A Resi Primary Alt-A Servicer Rating
MarketWatch - Nov 21, 2008
As of June 30, 2008, Litton's servicing portfolio consisted of 363118 residential mortgage loans totaling more than $56.5 billion.

LendingTree Loans Selects IBM for Loan Fulfillment Services - MarketWatch

LendingTree Loans Selects IBM for Loan Fulfillment Services
MarketWatch - Nov 21, 2008
LendingTree Loans(SM), the company's consumer direct online mortgage lender, to provide comprehensive, private label mortgage loan fulfillment services.
LendingTree inks deal with IBM Bizjournals.com
Bank Notes | CharlotteObserver.com
LendingTree Loans Selects IBM for Loan Fulfillment Services International Business Times
all 18 news articles

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