Mortgage and Financial News From 2008-1-28 Page 42

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• Merrill's Fakahany to Depart After Subprime Losses (Update1)

  Bloomberg - Fakahany was a supporter of O'Neal's push in 2006 to buy a subprime home lender, which led to the acquisition that December of First Franklin Financial Corp. for $1.3 billion. ``Building a mortgage capability is a priority,'' he said in a May 2006 ...
  2008-01-28 11:07:00

• Guest List for the First Lady's Box at SOTU

  Washington Post - ... the help needed to restructure their mortgage and save their home. Mrs. Ball is appreciative for the help the HOPE NOW Alliance provided her family, and she encourages other Americans facing troubles with their mortgage to contact their lender or a ...
  2008-01-28 07:46:00

• Countrywide founder to cede $38m pay-off

  Times Online - ... cede $38m pay-off Angelo Mozilo's decision comes amid a volley of criticism aimed at him and America's biggest home lender ... Angelo Mozilo, the chairman and chief executive of Countrywide Financial, America's biggest mortgage lender whose warnings were ...
  2008-01-28 05:30:00

• When a Mortgage Overwhelms, Change the Terms

  US News and World Report - Two years ago, my husband and I purchased a home for $217,000. My husband works ... We are now unable to make our monthly mortgage payments, but the option to sell the ... The first step is to call your lender. Lenders don't want to see customers fail to ...
  2008-01-28 09:41:00

• Countrywide, Wells Fargo remain top two U.S. mortgage lenders

  Dallas Morning News - Countrywide Financial Corp. kept its ranking as the No. 1 home lender with $408.2 billion in residential ... Citigroup, JPMorgan Chase & Co. and Bank of America increased their home mortgage volume from 2006. “While last year ...
  2008-01-28 12:40:00

• Bankers at Davos See Slump, Firms Yet to Feel Effect (Update1)

  Bloomberg - ... more than 25,000 jobs in the past six months as they racked up $136 billion of writedowns and credit losses tied to mortgage ... Monetary Fund Managing Director Dominique Strauss-Kahn urged governments to ease fiscal policies, reversing the lender's ...
  2008-01-28 10:17:00

• Alliance Drops Like A Stone

  Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... Among deals that have faltered in recent months was Blackstone's planned $1.8 billion purchase of mortgage lender PHH (nyse: ...
  2008-01-28 11:43:00

• Merrill's Fakahany to Depart After Subprime Losses (Update1) - Bloomberg

  Merrill's Fakahany to Depart After Subprime Losses (Update1)Bloomberg - 1 hour agoFakahany was a supporter of O'Neal's push in 2006 to buy a subprime home lender, which led to the acquisition that December of First Franklin Financial ...
  2008-01-28 11:15:22

• Bumbling Bernanke? I Don't Think So - Motley Fool

  Bumbling Bernanke? I Don't Think SoMotley Fool - 1 hour agoAmong them, Countrywide (NYSE: CFC), the largest US mortgage lender, agreed to be acquired by Bank of America (NYSE: BAC) for nearly 90% less than its ...
  2008-01-28 11:27:02

• A hectic day at Garrison Chapel - maltaStar.com

  A hectic day at Garrison ChapelmaltaStar.com, Malta - 1 hour agoSallie Mae will be eyed as the weekend press suggests that it has reached a settlement deal with the consortium which was looking to buy the student lender, ...
  2008-01-28 11:28:50

• European Markets Fall, Led By Commodities, Banks - European ... - RTT News

  European Markets Fall, Led By Commodities, Banks - European ...RTT News, NY - 1 hour agoHBOS, Britain's biggest mortgage lender lost 1.2%. French lender Societe Generale, which last week said it suffered the biggest trading fraud in banking ...
  2008-01-28 11:29:50

• Housing Market Tracker - UK Sales/Price Outlook - Seeking Alpha

  Housing Market Tracker - UK Sales/Price OutlookSeeking Alpha, NY - 1 hour agoOne reports shows that around a third of lenders that offered 100% mortgages have now stopped offering them, and in addition to this many lenders have also ...
  2008-01-28 11:45:51

• How Do I Know When to Refi? - Entrepreneur

  How Do I Know When to Refi?Entrepreneur - 1 hour agoTo figure out whether you should refi, get a good faith estimate with all costs from the lender and do the math. Is your mortgage stressing you out? ...
  2008-01-28 11:55:52

• George Bush's Destruction of the Dollar - Political Cortex

  George Bush's Destruction of the DollarPolitical Cortex, NY - 1 hour agoThese misguided home buyers, almost totally unregulated lenders, built a real estate bubble that burst when it came time for these unqualified home buyers ...
  2008-01-28 11:56:05

• Santa Clara County gets $12M for first-time homebuyer program - Bizjournals.com

  Santa Clara County gets $12M for first-time homebuyer programBizjournals.com, NC - 58 minutes agoThe lender will determine if the applicant is eligible based on the income, purchase price, prior home ownership, location of property to be purchased, ...
  2008-01-28 12:01:46

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