I just wanted to touch base and
let you know that we are offering some great deals on transfers.
Make sure you give me a call today!
Also, the news has been
filled with comments about all of the new legislation currently
being designed to try and stimulate the economy and starve off the
impending recession. Most of these articles just regurgitate the
facts and move on. However I did find one article that feels banks are getting let off the hook while the
taxpayers are getting hit with the subprime bill. I wanted to get
your thoughts on this - do you think banking institutions should get bailed
out?
Have a great week!
|
|
 |
AP |
| At-risk
borrowers with all types of mortgages, not just high-cost subprime
loans, could be eligible for help under a new plan involving six big
home lenders. Full Story |
Houston Chronicle |
| IndyMac
Bancorp Inc. reports earnings for the fourth quarter on Tuesday. The
following is a summary of key developments and analyst opinion
related to the period. Full Story |
CNNMoney |
| Countrywide
Financial said Monday it will expand programs to help borrowers
manage their mortgage payments regardless of the type of subprime
loan they have or whether they have already fallen behind on
payments. Full Story |
NewYorkTimes |
| As home prices
fall and banks tighten lending standards, people with good, or
prime, credit histories are falling behind on their payments for
home loans, auto loans and credit cards at a quickening pace,
according to industry data and economists. Full Story |
CNNMoney |
| PMI Private
Mortgage Insurance Co., owned by PMI Group Inc., Monday said
starting March 1, it will discontinue future mortgage coverage under
its 'Above 97s' business, or loans with loan-to-value (LTV) ratios
in excess of 97%. Full Story |
SeekingAlpha |
| Thornburg
Mortgage (TMA) has released their 4th quarter earnings results, and
those results are pretty positive. The company earned 33¢ per share,
easily covering the 25¢ dividend declared at the end of December. I
listened to the conference call and the news was very positive. Full Story |
TheOregonian |
| The
second-largest U.S. mortgage insurer announced Monday it would no
longer insure homebuyers with less than 10 percent down in
California and other "distressed markets" to protect the company
from a tsunami of anticipated losses in the housing market. Full Story |
OpEdNEws |
| The crisis now
shaking the world financial system could "easily" be fixed -- if a
few trillion dollars were somehow "found" to pay for all the losses.
Now where might they find that kind of money, I wonder?... Full Story |
|
 |
AZCentral |
| The biggest
winners in the economic-rescue plan awaiting President Bush's
signature are likely to be Americans with more expensive homes who
will be able to refinance their mortgages at cheaper rates. Full Story |
FrontPorch |
| I'm down at
the capitol for the do-or-die committee hearing on Sen. Ben
Westlund's mortgage lending reforms. Senate leaders gave a Feb. 12
deadline for bills to clear committee. That'd be tomorrow and this
is the final hearing for the Senate Commerce and Labor committee
before tomorrow. The hearing is actually a joint meeting of the
House Consumer Protection committee and the Senate Commerce and
Labor. Full Story |
|
 |
Lancaster |
| The
topsy-turvy legal maneuvering surrounding an alleged $29 million
Ponzi scheme affecting more than 800 customers of mortgage broker
Wesley A. Snyder took another twist Friday. Full Story |
MiamiHerald |
| Seven people
pleaded guilty to charges stemming from their involvement in a
mortgage fraud scheme that targeted properties in Southwest Ranches,
the U.S. Attorney announced. Full Story |
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