State mortgage woes on the rise
a home’s value determines how big a mortgage the owner or prospective owner can get. ... Gottlob said many people seeking to refinance adjustable mortgages do so with subprime lenders, and ... mortgages. Borrowers and potential borrowers can bring loan documents to be reviewed by examiners working ...
How Credit Got So EasyAnd Why It's Tightening
once seen as isolated to a few subprime-mortgage lenders are beginning to propagate across markets ... seeds of excess in the housing and subprime-loan markets. Robert Eisenbeis, retired research director at ... could offer borrowers with sketchy credit histories adjustable-rate mortgages with introductory rates that seemed affordable. ...
Democrats Raise HeatOn Mortgage Overhaul
As a wave of mortgage foreclosures buffets financial markets and feeds voter ... subprime lenders to prevent holders of subprime adjustable mortgages from refinancing their loans at a ... brokers receive is technically disclosed already in loan documents -- but is so loaded with ...
> The Housing Crisis: Good and Bad News
market investors have been by the subprime mortgage mess, the overall economy is holding up ... summer--to about 6.6 percent for a fixed-rate loan, versus about 6.2 percent a month ago--mortgage ... more foreclosures expected as a flood of adjustable-rate mortgages reset higher over the coming year, ...
Campaign 2008 > Clinton calls for loan transparency
lost her home of eight years in a foreclosure auction, after payments on her adjustable rate mortgage more than doubled. The speech took a personal turn when Clinton described the first ...
County weathers housing, lending slump
In addition, some $250 billion worth of adjustable rate mortgages nationwide are due to be ... report. Gone is the no-money-down, low-interest-rate, adjustable mortgage that fueled the national housing boom, national ... diverse cross-section in its population, he added. Loan officer Ryan Clouse at Country Home Mortgage ...
Weichert Financial Services Makes Purchasing a Home More Affordable
(No Ratings Yet) RISMEDIA, August 9, 2007-Two mortgage products available through Weichert Financial Services are ... product, and MyCommunityMortgageT, a Fannie Mae affordable loan product, both provide up to 100-percent financing ... as 40 years are offered, as are adjustable rate mortgages or ARMs. Importantly, because mortgages ...
Rating Agency Revisions Continue
agencies continue to recoil from the subprime mortgage mess, sharpening their tools in response to ... and loss model to raise expectations for loan defaults. The change will affect its position ... to Costello. Default expectations for the 2/28 adjustable rate mortgages often considered subprime ...
Anworth Mortgage Asset Corporation Announces Release of Quarterly Report for Second Quarter 2007 and Provides Update on Subsequent Events
Financing conditions for certain sectors of the mortgage market have become more difficult as well. ... MBS retained from the securitization of its loan portfolio relative to these securities' fair value ... Anworth also invests in high quality jumbo adjustable-rate mortgages and finances these loans though securitizations. ...
Deerfield Triarc Capital Corp. Announces Second Quarter 2007 Results
the DFR Middle Market CLO Ltd. collateralized loan obligation transaction in July 2007 -- Announced ... 100% of our investment in a residential mortgage lender that filed for Chapter 7 bankruptcy ... mortgage-backed securities holdings consisted primarily of hybrid adjustable rate and fixed rate bonds as of ...