Mortgage and Financial News From 2007-9-7 Page 7

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• Mortgage Forclosure Help

  WXYZ - ... current payment plus additional payments on delinquency until you are current on your mortgage.) Contact your lender. Explain the situation and negotiate a workout plan. Contact a HUD housing counseling agency for advice. Always pay your mortgage before ...
  2007-09-07 12:12:00

• REAL ESTATE WEEKLY

  Marketwatch - Earlier this week, we took a look at other sites that can help consumers become more educated about home loans. Read about them in this week's Real Estate pages, along with much more mortgage news and advice.
  2007-09-07 12:33:00

• Pocket Change: The latest tips, news and advice for the money ...

  Vancouver Sun - Mutual fund returns slumped in August in response to fallout from the sub-prime mortgage lending crisis in the U.S. As typical when investor confidence has been shaken, bonds outperformed stocks, high-quality bonds beat those of lower quality, and ...
  2007-09-07 12:40:00

• Real Estate Weekly -- Sept. 7 (Market Watch)

  More grim news on foreclosures: The Mortgage Bankers Association announced this week that new foreclosures hit a record high in the second quarter. Also, the number of loans in the foreclosure process has risen and delinquencies are up. And it's quite likely that coming quarters will bring more of the same problems, according to the group.
  2007-09-07 11:30:33

• Credit Rating Agencies Face SEC Scrutiny (AP via Yahoo! Finance)

  Federal regulators said Friday they are reviewing the role credit-rating agencies played in the mortgage market debacle for borrowers with weak credit.
  2007-09-07 10:11:21

• Get Aboard the Mortgage Bailout Plan (TheStreet.com)

  These banks and homebuilders stand to benefit, and they're showing insider buying.
  2007-09-07 02:53:18

• SEC to review role of credit rating agencies (CNN Money)

  Federal regulators examine the role Moody's, S&P and Fitch played in subprime mortgage mess; will look for possible conflicts of interest.
  2007-09-07 11:00:09

• SEC to review role of major credit rating agencies in subprime mortgage mess (Canadian Business)

  Alan Zibel September 7, 2007 - 3:22 p.m. WASHINGTON (CP) - U.S. regulators said Friday they are reviewing the role that credit-rating agencies played in the mortgage market debacle for people with weak credit.
  2007-09-07 12:37:11

• California Mortgage Loan – What Choices Do We Have?

  Best Syndication - You can purchase a home benefiting from this great opportunity and escape what is known as private mortgage insurance. This is not the only type of California mortgage; by using the Internet you have different options to choose from and all you have ...
  2007-09-06 12:06:00

• Muni bonds backed by Radian trade at wide spreads

  Reuters - Standard & Poor's Ratings Services said on Wednesday that Radian's "AA" rating is not under review because the bond insurer's capital position is largely independent of a mortgage insurance unit, which was placed on negative CreditWatch in August ...
  2007-09-05 01:19:00

• FDIC anticipating 1.5 mln borrowers unable to make mortgage payments ...

  Forbes - WASHINGTON (Thomson Financial) - The Federal Deposit Insurance Corporation is anticipating that 1.5 mln borrowers will be unable to make their mortgage payments after interest rates on their loans reset in the coming months, according to FDIC ...
  2007-09-05 11:10:00

• Fitch Ratings Affirms MGIC's IFS at 'AA' On Recessed Merger

  Forbes - Fitch Ratings has affirmed the 'AA' insurer financial strength (IFS) rating of Mortgage Guaranty Insurance Corporation (MGIC) and MGIC Australia Pty Ltd. and the 'A' the senior debt rating of MGIC Investment Corporation (MGIC Investment, see full ...
  2007-09-05 01:11:00

• 5 myths about flood insurance

  USA Weekend - Dora and Larry McCoy bought their Lane, Kan., home five years ago directly from the sellers. They didn't take out a mortgage and didn't think they would need flood insurance. Then, on June 29, after heavy rains pummeled their one-story home, water ...
  2007-09-07 12:40:00

• 'Backward' move can pay off

  Chicago Tribune - Lenders may charge 2 percent of the loan amount in origination fees, and most borrowers also pay 2 percent for mortgage insurance, along with other fees that can far exceed those in conventional home loans. Loan amounts often are subject to strict ...
  2007-09-07 12:40:00

• Radian Group ratings cut to 'A-', withdrawal request held in abeyance ...

  Forbes - MUMBAI (Thomson Financial) - Fitch Ratings said it cut the long-term debt ratings of the Radian Group Inc to 'A-' from 'A' and the insurer financial strength ratings of all Radian's mortgage insurance subsidiaries to 'AA-' from 'AA'. Radian requested ...
  2007-09-07 12:02:00

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