Mortgage and Financial News From 2008-3-20 Page 4
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Analysts: Expect regulation, but not credit crunch (The Champaign News-Gazette)
CHAMPAIGN – The collapse and sale of Bear Stearns may lead to more regulation of investment banks, but it's not likely to result in less credit being available to local consumers, financial professionals say. "How it affects people here in Champaign-Urbana is minimally," said Ron Kiddoo, chief investment officer for Cozad Asset Management in Champaign.
2008-03-20 05:50:28 -
Finding help to fight foreclosure (Chicago Tribune)
As more homeowners fall behind in payments, many are turning to growing ranks of counselors who suggest solutions RIVERSIDE, Calif. —As the mortgage business goes, so does Lisa Jarman. In flush times, she was a self-employed loan consultant for banks. Last fall, she became a "foreclosure prevention counselor," joining the homeownership meltdown's latest spinoff industry. ...
2008-03-20 05:50:32 -
InterRent buys four Ottawa apartment buildings (Ottawa Business Journal)
InterRent Real Estate Investment Trust has agreed to buy four Ottawa apartment buildings for roughly $16.6 million.
2008-03-20 05:52:45 -
County takes “second position” but remains financially secure (Boca Raton News)
Palm Beach County commissioners have approved a subordination agreement with the Florida Housing Finance Corporation and RSG Boynton Apartment LTD. The agreement puts the county in “second position” should the developer of the 160-unit “multi-family attainable rental housing project” in Boynton Beach default on the mortgage.
2008-03-20 05:53:30 -
OECD Sees No Economic Growth in U.S. in 2nd Quarter (Update2) (Bloomberg.com)
March 20 (Bloomberg) -- The U.S. economy will fail to grow for the first time in more than six years in second quarter, the Organization for Economic Cooperation and Development predicted.
2008-03-20 05:55:24 -
Lenders can rescue more mortgages (The News & Observer)
A policy change allows government-backed Fannie and Freddie Mae to absorb more troubled loans.
2008-03-20 12:35:56 -
Fannie, Freddie limits eased (Baltimore Sun)
Firms can purchase more home loans A federal regulator made it easier yesterday for mortgage giants Fannie Mae and Freddie Mac to absorb problem loans that are dragging down many U.S. homeowners, the latest of several measures designed to stabilize falling home prices.
2008-03-20 12:38:16 -
The Affluent, Too, Couldn’t Resist Adjustable Rates (NYTimes.com via Yahoo! Finance)
Even affluent consumers with annual incomes of $100,000 or more are increasingly being ensnared in the home mortgage crisis.
2008-03-20 12:39:03 -
Morgan Stanley Gives Wall Street a Brief Lift (NYTimes.com via Yahoo! Finance)
Morgan Stanley gave Wall Street a shot of confidence on Wednesday morning, reporting profits that surpassed analysts’ estimates, but the dosage soon wore off.
2008-03-20 12:39:03 -
California Foreclosure Declines a Welcome Break Foreclosures Drop in February (PRWeb)
ForeclosureRadar ( www.foreclosureradar.com ), the only website that tracks every California foreclosure with daily auction updates, today issued its monthly California Foreclosure Report. Statewide foreclosure rates declined in February, even on a daily average basis. (PRWeb Mar 20, 2008) Read the full story at http://www.prweb.com/releases/2008/03/prweb788144.htm
2008-03-20 12:48:07 -
Mortgage applications off 2.9% on week-to-week basis: MBA (MENAFN)
Mortgage applications off 2.9% on week-to-week basis: MBA
2008-03-20 12:54:34 -
Credit Suisse warns on first-quarter profits (Financial Times)
Credit Suisse on Thursday issued a surprise profits warning, a move that will shatter the fragile confidence restored among leading investment banks after better than expected results from some top Wall Street houses this week.
2008-03-20 12:54:38