Mortgage and Financial News From 2008-5-8 Page 5
Previous Day: 2008-05-07
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Get help to avoid default on mortgage - Jackson Sun
Local homeowners who are finding themselves dangerously close to being foreclosed on should consider attending a workshop being presented by the U.S. Federal Reserve and local banking and mortgage officials. The West Tennessee Homeownership ...
2008-05-08 03:12:00 -
U.S. CMBS borrowers finding capital for maturing loans, delinquencies ... - Forbes
BANGALORE (Thomson Financial) - Standard & Poor's Ratings Services said most U.S. commercial mortgage-backed securities (CMBS) borrowers were able to refinance their maturing loans in the first quarter despite the reduced liquidity for real estate ...
2008-05-08 04:45:00 -
Wall Street Girds For Regulation In The Wake Of Crises - CNN Money
NEW YORK -(Dow Jones)- Whether Democrats or Republicans win the White House, Wall Street is girding for rigorous regulation and legislation. The result may be capital requirements and curbs on once-lucrative activities such as securitizing mortgage ...
2008-05-08 09:17:00 -
Fed auctions $28 billion to ease credit problems - Houston Chronicle
WASHINGTON — The Federal Reserve has auctioned $28.77 billion in safe Treasury securities to big investment firms, part of an ongoing effort to ease credit problems. The auction — the sixth of its kind — was held today and drew bids less than ...
2008-05-08 12:09:00 -
S&P names Adelson as new chief credit officer - Reuters
NEW YORK, May 8 (Reuters) - Standard & Poor's named consultant Mark Adelson as its new chief credit officer on Thursday, the latest reorganization among rating companies seeking to tighten their risk standards. Also, Clifford Griep was named an ...
2008-05-08 12:16:00 -
GMAC considering several ResCap asset sales - Reuters
NEW YORK (Reuters) - Finance company GMAC LLC on Thursday said it is considering several asset liquidations for its Residential Capital LLC mortgage unit, which is trying to bolster liquidity after losing $5.3 billion in the last six quarters. In a U ...
2008-05-08 11:26:00 -
Mortgage Contracting Services Hires Toni Diaz and Carl Miller - PR Newswire
TAMPA, Fla., May 8 /PRNewswire/ -- Mortgage Contracting Services (MCS), a provider of property preservation and inspection services to the mortgage industry, has named Toni Diaz as vice president of vendor management and Carl Miller assistant vice ...
2008-05-08 11:54:00 -
UPDATE: Cerberus, GM May Back Part Of GMAC ResCap Facility - CNN Money
DETROIT -(Dow Jones)- GMAC LLC said Thursday that corporate parents Cerberus Capital Management and General Motors Corp. (GM) may back a piece of a $3.5 billion secured credit facility the finance company is negotiating with its troubled Residential ...
2008-05-08 11:40:00 -
2 indicted in NYC over $44 million mortgage scheme - CNBC
NEW YORK (AP) - Two former owners of a defunct mortgage firm were charged on Thursday with stealing $44 million from Fannie Mae and forging paperwork in loan sales to Credit Suisse. Leib Pitner and Barry Goldstein faced arraignment in federal court ...
2008-05-08 12:30:00 -
Two Former Principals of Olympia Mortgage Indicted on Conspiracy, Wire ... - Forbes
NEW YORK, May 8 /PRNewswire-USNewswire/ -- Leib Pinter and Barry Goldstein, two former principals of Olympia Mortgage Corporation, a Brooklyn, N.Y., based mortgage lender, were indicted with conspiracy, wire fraud and bank fraud, Benton J. Campbell ...
2008-05-08 12:23:00 -
Moody's COO Clarkson steps down, Madelain named replacement - Boston Globe
NEW YORK— Moody's Investors Service named Michel Madelain chief operating officer, the ratings agency said Wednesday. He replaces Brian Clarkson, 52, who is retiring after 17 years with the company, Moody's said. Madelain, 52, had been executive ...
2008-05-07 02:55:00 -
Long haul is best way to look at home prices - San Francisco Gate
January February March April May June July August September October November December 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 Forget location, location, location. The three most important things in real estate are ...
2008-05-08 07:15:00 -
Subprime In Sheep's Clothing - Forbes
Personal credit scores used to be a pretty accurate indicator of the odds that American borrowers would pay off their mortgage loans. But in the past few months--far too late to do anything about it--lenders are finding that it is how much equity ...
2008-05-08 09:53:00 -
State, bond issuers are seeking to refinance debt as costs rise - Boston Globe
Ordinarily, by this time each May, the Massachusetts Educational Financing Authority is busily approving student loan applications for the fall. But this year it's just taking names, while it searches for funding. MEFA has been the worst-hit of the ...
2008-05-06 09:37:00 -
Allied Capital Invests $52 Million in Leading National Security ... - MSN MoneyCentral
Allied Capital Corporation ALD announced today that it has invested $52 million of debt in Abraxas Corporation, a leading provider of risk mitigation technologies for the U.S. national security community. Allied Capital's investment took the form of ...
2008-05-08 09:03:00