Mortgage and Financial News From 2008-1-20 Page 3

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• Official: Executive killed wife, then himself

  MSNBC - Walter Buczynski was vice president of Columbia, Md.-based Fieldstone Mortgage, a high-flying subprime mortgage lender that made $5.5 billion in mortgage loans and employed about 1,000 people as late as 2006. However, it has since filed for bankruptcy ...
  2008-01-20 02:37:00

• Community Bankshares cutting up to 14 mortgage jobs

  Times and Democrat - An ongoing and important part of that business is providing our customers with residential mortgage loans." Historically, the bank has provided direct-to-consumer mortgages through its branch offices and retail loan officers. The bank has also handled ...
  2008-01-20 08:49:00

• UK lenders seek help to fund home loans

  Financial Times - Mortgage lenders are raising pressure on the Bank of England and the Treasury for measures to help them raise funds to provide loans to homebuyers – and are warning that without support, the level of lending will plummet. Industry groups such as ...
  2008-01-20 02:30:00

• Britain Says Northern Rock Is Not Sold Yet - New York Times

  Britain Says Northern Rock Is Not Sold YetNew York Times, United States - 2 hours agoOlivant Advisers Ltd. has also bid for Northern Rock, which is receiving loans from the Bank of England. Northern Rock’s management also may bid. ...
  2008-01-20 07:48:50

• Nobel laureate for uplift of rural people - Assam Tribune

  Nobel laureate for uplift of rural peopleAssam Tribune, India - 1 hour agoThe aim is to provide loans to approximately 18000 beneficiaries, the report said. The report said that only the people living below the poverty line would ...
  2008-01-20 07:58:57

• Stocks fall in Asia as Bush plan disappoints - AFP

  Stocks fall in Asia as Bush plan disappointsAFP - 1 hour ago... "subprime" mortgage sector in which Americans with bad credit records are struggling to pay back housing loans given to them during the housing boom. ...
  2008-01-20 08:16:05

• The Foreclosure Crisis: 70 years of change - The Plain Dealer - cleveland.com

  The Foreclosure Crisis: 70 years of changeThe Plain Dealer - cleveland.com, OH - 1 hour agoWhere Cuyahoga County's greatest concentrations of high-interest mortgage loans were ... (PDF) Welcome back, ! Comments: (you may use HTML tags for style) ...
  2008-01-20 08:24:51

• Realtors list most notable dealings - The News-Press

  Realtors list most notable dealingsThe News-Press, FL - 1 hour agoHeretofore arcane banking terminology - "short sale" and being "upside down" on loans, for example - became increasingly less obscure as the year progressed ...
  2008-01-20 08:33:21

• What's up (or down) with these credit markets? - The News-Press

  What's up (or down) with these credit markets?The News-Press, FL - 1 hour agoHopefully, this information will provide some insight into the future direction of interest rates and the availability of commercial mortgage products so ...
  2008-01-20 08:33:21

• Mortgage market recovery hinges on investors - The News-Press

  Mortgage market recovery hinges on investorsThe News-Press, FL - 1 hour agoOne system consists of portfolio lenders, mostly depository institutions, which hold the mortgage loans they originate. The portfolio system was the larger ...
  2008-01-20 08:33:24

• US Warning Signs Point Toward a Deep Recession - Wall Street Journal

  US Warning Signs Point Toward a Deep RecessionWall Street Journal - 54 minutes ago... mortgage market; with financial firms struggling to make sense of their losses, they are making it harder for even credit-worthy borrowers to get loans. ...
  2008-01-20 09:01:21

• A US Recession Might Be Deeper Than Past Two - Wall Street Journal

  A US Recession Might Be Deeper Than Past TwoWall Street Journal - 54 minutes ago... in the mortgage market and leaving financial firms struggling to make sense of their losses and credit-worthy borrowers struggling to get loans, ...
  2008-01-20 09:01:23

• Where to Check Your Financial Pulse - Barron's

  Where to Check Your Financial PulseBarron's - 50 minutes agoAnother key metric affecting the price you pay for everything from a credit card to a mortgage is your FICO score -- or rather, FICO scores. ...
  2008-01-20 09:04:51

• Homeowners in Alleged Scam Get Settlement - Washington Post

  Homeowners in Alleged Scam Get SettlementWashington Post, United States - 39 minutes ago... plaintiffs alleged that to stave off foreclosure they signed paperwork for what they thought were loans that would cover missed mortgage payments. ...
  2008-01-20 09:15:48

• Henry Paulson's Mortgage Mulligan - The Heartland Institute

  Henry Paulson's Mortgage MulliganThe Heartland Institute, IL - 39 minutes agoThis scenario collapsed when the housing market started to decline, because a borrower can't refinance a mortgage loan if his home is worth less than the ...
  2008-01-20 09:16:28

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