Mortgage and Financial News From 2008-1-1 Page 37
Previous Day: 2007-12-31
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A bad year for LI stocks
Newsday - The value of the 87 stocks in the Newsday/Bloomberg Long Island index was pulled down in 2007 by Delta Financial Corp. of Woodbury and American Home Mortgage Corp. of Melville, both of which were heavily involved in providing mortgages in categories ...
2007-12-31 03:00:00 -
A wild ride into uncertainty
Los Angeles Times - ... stocks but remained ravenous for commodities such as wheat, gold and cotton. ΒΆ On Wall Street, as the sub-prime mortgage ... In the contest between PCs and laptops, an open-and-shut case - A wild ride into uncertainty - Seeking honest home values ...
2007-12-31 11:50:00 -
Home sales rise, but slump will extend into 2008
Detroit News - The improvement may be short-lived as higher mortgage costs and stricter lending rules further depress home sales, economists said. Falling home prices and near-record inventories give would-be buyers more reason to sit on the sidelines to await ...
2007-12-31 10:03:00 -
Seeking honest home values
Los Angeles Times - In an echo of that fiasco, bad appraisals have contributed to the current mortgage crisis by propping up loans made with little or no down payments and speculative home purchases, Smith said. "We literally have millions and millions of inflated ...
2007-12-31 11:57:00 -
Defaults rise to a record among mortgage insurers
Boston Globe - Lenders typically require buyers to pay mortgage insurance when they put down less than 20 percent of their home's value. Payouts to the lenders are triggered when borrowers miss payments. However, in recent years, borrowers had been able to avoid ...
2007-12-31 09:56:00 -
Existing home sales creep up 0.4%
Boston Globe - Sales turned weak as did home prices. The housing and mortgage meltdowns have raised the odds that the country will fall into a recession. And, the situation has given Democrats and Republicans - including those who want to be the next president ...
2007-12-31 11:43:00 -
Sunny sign in home resales
Chicago Tribune - ... than new-home sales, weakened slowly from a monthly high of just over 6.6 million annualized units early this year, but were hammered in late summer by violent disruptions in the mortgage lending market. Over the past three months existing-home sales ...
2008-01-01 12:33:00 -
Online shopping grows, but slows
San Francisco Gate - Ever optimistic, comScore said that online shopping still grew at a healthy clip, despite shoppers who were wrestling with higher gas prices, home mortgage woes and the jittery stock market. The online metric mavens added that consumers spent $545 ...
2008-01-01 12:04:00 -
Existing home sales up in November (Reuters via Yahoo! News)
The pace of existing U.S. home sales edged up in November to a 5 million-unit annual rate and the median price fell from a year earlier, the National Association of Realtors said on Monday.
2007-12-31 09:15:50 -
Existing home sales edge up from record low (Reuters via Yahoo! News)
The pace of existing U.S. home sales edged up in November from a record low, according to a report on Monday that offered some tentative signs of stabilization in the still-ailing housing market.
2007-12-31 01:36:42 -
US existing home sales inch up in November (AFP via Yahoo! News)
Existing home sales in the United States inched up 0.4 percent in November, breaking an eight-month streak of declining sales amid a prolonged housing slump, industry figures showed Monday.
2007-12-31 09:23:34 -
Seeking honest home values (Los Angeles Times)
Tougher state rules for appraisers take effect today, but inflated appraisals will remain a problem, an expert says. Starting today, the educational requirements for California home appraisers will be tougher, but a veteran property evaluator who teaches how to spot fraud says the rules won't alter how many appraisers do their jobs.
2008-01-01 12:14:39 -
Mortgage defaults in Nov. hit record (Baltimore Sun)
Mortgage insurers saw defaults rise to a new monthly record in November, according to data published yesterday by an industry trade group, adding to evidence the U.S. housing slump is deepening.
2008-01-01 12:33:30 -
Mortgage-Insurer Defaults Hit Record (AP via Yahoo! Finance)
Mortgage insurers saw defaults rise to a new monthly record in November, according to data published Monday by an industry trade group.
2007-12-31 11:30:48 -
Mortgage defaults climb to record level (Houston Chronicle)
Mortgage insurers saw defaults rise to a monthly record in November, according to data published Monday by an industry trade group.
2007-12-31 10:45:17
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