Finance and Economy Archive


Investors Use Their IRAs to Make Home Loans

Monday, September 17th, 2007
By Kelly Greene ...
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Lender’s Troubles Threaten Homeowners

Sunday, September 16th, 2007
By Peg BrickleyRISMEDIA, Sept. 17, 2007-(The Wall Street Journal)-Thousands of homeowners face an "imminent risk" of losing their homes because of clashes between American Home Mortgage Investment Corp. and its former financial backers, according to Freddie Mac , a government-chartered housing financier. ...
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MBA: Mortgage Applications Rose 5.5% Last Week

Thursday, September 13th, 2007
By Amy Hoak ...
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Real Estate Center Economist: Despite Mortgage Woes, Subprimes Serve Purpose

Thursday, September 13th, 2007
RISMEDIA, Sept. 14, 2007-High-risk home mortgages are facing national scrutiny thanks to the recent rise in subprime foreclosures, but a noted research economist with the Real Estate Center at Texas A&M University is coming to their defense. ...
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Paulson Calls for Expansion of Mortgage Products

Thursday, September 13th, 2007
By Robert Schroeder ...
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Center for Responsible Lending Comments on New Federal Mortgage Data

Thursday, September 13th, 2007
RISMEDIA, Sept. 14, 2007-The following is a statement from Michael D. Calhoun, President, Center for Responsible Lending: ...
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FTC Warns Some Mortgage Ads May Violate Law

Wednesday, September 12th, 2007
By Amy HoakRISMEDIA, Sept. 13, 2007-(MarketWatch)-Some of the mortgage advertisements currently appearing in Web sites, newspapers, magazines, direct mail and unsolicited e-mail and faxes may be violating federal law, and on Tuesday the Federal Trade Commission said it was sending warning letters to more than 200 advertisers and media outlets ...
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Countrywide Announces Plan to Address Changing Market Conditions Including Workforce Reductions

Monday, September 10th, 2007
RISMEDIA, September 11, 2007-Countrywide Financial Corporation has announced a plan of action to address changing market conditions that positions the company for continued growth and success. Central elements of this plan include: ...
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Mortgage Jitters Bring Higher Returns for Depositors, Investors

Monday, September 10th, 2007
By Jennifer Openshaw ...
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California Foreclosures up 200% from Last Year

Friday, September 7th, 2007
RISMEDIA, September 10, 2007--The 2nd Quarter National Delinquency Survey, released recently by the Mortgage Bankers Association (MBA), shows that California mortgage loans entering foreclosure have reached 25-year highs, with subprime borrowers bearing the brunt of the storm.The MBA linked market factors such as declining home prices and an increase in ...
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