Mortgage and Financial News From 2008-3-5 Page 01

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  • Cromwell First Selectman Opens Up With Web Site

    NBC 30 - And I have all the stocks that I own, all the companies where I have my mortgage, where I have my savings account (and) my checking account, just so there's full disclosure," Shingleton said.
    2008-03-05 09:50:00

  • Lawmakers take aim at CEO compensation

    CNN Money - At issue are the salaries, bonuses, perks and stock awards that the executives received as the companies under their leadership took enormous losses on bad bets related to mortgage backed securities.
    2008-03-04 03:53:00

  • Wall Street edges up as investors mull Fed data, plan to help Ambac

    AZCentral.com - Investors remain nervous about how the fallout from the global credit crisis will hurt financial companies. Recent speculation that Citigroup Inc. might log significant write-downs from exposure to subprime mortgage-related securities only ...
    2008-03-05 06:51:00

  • FHA raises mortgage limits in Santa Clara, other counties By Sue ...

    San Jose Mercury News - The package also includes a temporary increase in the cap on mortgages that the government-sponsored mortgage companies Fannie Mae and Freddie Mac can buy or guarantee, from $417,000 to $729,750.
    2008-03-04 03:53:00

  • PRESS DIGEST - New York Times business news - March 4

    Reuters - The Bush administration said mortgage companies were showing more willingness to relax loan terms for subprime borrowers in danger of losing their houses.
    2008-03-03 10:28:00

  • Fannie, Freddie Agree to Tighten Appraisal Rules

    Washington Post - ... which were chartered by the government to support the housing market, package mortgages into securities for sale to investors and earn fees for guaranteeing to pay the loans if the borrowers default. The two companies also buy mortgages and mortgage ...
    2008-03-03 09:17:00

  • Pending Sales of U.S. Houses Probably Decreased in January

    Bloomberg - Bernanke urged lenders and mortgage-service companies to forgive portions of outstanding loans that are in danger of defaulting to reflect the drop in values.
    2008-03-05 09:29:00

  • 10 things you should know about Silicon Valley's real estate market ...

    Silicon Valley - Within the next month or so, mortgage financing companies Fannie Mae and Freddie Mac will be able to back bigger loans, thanks to the recent economic stimulus bill.
    2008-03-05 03:24:00

  • Fed Chief: Mortgage Crisis to Continue

    Forbes - One of the suggestions Bernanke made was for mortgage and other financial companies to reduce the amount of the loan to provide relief to a struggling owner.
    2008-03-04 06:14:00

  • Mortgage group pays lobbyist $1.14M

    Forbes - WASHINGTON (AP) - The mortgage insurance industry's trade group paid a lobbying firm $1.14 million in 2007 to advance its position on legislation dealing with the housing market slump and mortgage mess. Mortgage Insurance Companies of America paid ...
    2008-03-02 03:56:00

  • IndyMac delinquencies up in January

    Boston Globe - The lender noted the decline was expected because it has needed to tighten lending requirements following new credit guidelines adopted by government-backed mortgage companies in November.
    2008-03-02 03:56:00

  • 14 Calif. Counties Get Maximum FHA Limit

    Forbes - The package also includes a temporary increase in the cap on mortgages that the government-sponsored mortgage companies Fannie Mae (nyse: FNM - news - people ) and Freddie Mac (nyse: FRE - news - people ) can buy ...
    2008-03-04 03:53:00

  • Home Appraisal Standards Stiffened

    New York Times - Because Fannie Mae and Freddie Mac are buying most home loans being made today, the terms they dictate to banks and mortgage companies become de facto industry standards.
    2008-03-02 03:56:00

  • Bush and Fed Step Toward a Mortgage Rescue

    New York Times - And he urged the two government-sponsored mortgage companies, Fannie Mae and Freddie Mac , to raise more capital so they could buy more mortgages.
    2008-03-04 03:53:00

  • In one year, foreclosure rate tripled

    Boston Globe - We don't have time to be chasing down mortgage companies," said Michael Donovan, the city's inspectional services director. "We can't have nuisance properties in our neighborhoods.
    2008-03-05 09:29:00

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