Mortgage and Financial News From 2008-2-23 Page 9

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• Closer Lidge Injured In Phillies' Practice (KIRO 7 Seattle-Tacoma)

  Pitcher Brad Lidge injures his knee during the Phillies' batting practice.
  2008-02-23 12:47:06

• Demand Causes Rationing Of Child Vaccines (WCVB Boston)

  High demand for three childhood vaccines has forced health authorities to begin rationing the state's reserves.
  2008-02-23 01:36:07

• NCAA Game Summary - Georgia Tech At Virginia Tech (WSB-TV 2 Atlanta)

  Georgia Tech 84 Virginia Tech 92
  2008-02-23 03:26:49

• Adding Risk (Carefully) to Your Bond Portfolio (NYTimes.com via Yahoo! Finance)

  Fixed-income investors are starting to find that the relative safety of Treasury bonds is coming at a hefty cost.
  2008-02-23 03:39:45

• Mortgage News

  Colleyville Courier - We compare rates among some of the country's top Mortgage lenders. Fast and simple online application process. http://www.mortgageshavers.com/ Mortgage - Countrywide
  2008-02-21 05:19:00

• Fairfax Financial Profit Triples on Credit-Default Swap Gains

  Bloomberg - Fairfax said it had gains of $705.2 million in the quarter from credit-default swaps linked to debt sold by U.S. banks, insurers and mortgage lenders.
  2008-02-21 03:53:00

• Mortgage Foreclosure Pain Prompts Hotline

  WBBM - Madigan said Thursday that she has two goals: to induce homeowners to seek help before it is too late to stop foreclosure, and to amass evidence against those mortgage lenders who engage in unscrupulous or illegal practices.
  2008-02-21 02:49:00

• Small Banks Fairly Positive on Loans

  Forbes - The average delinquency rate on home loans made by the banks surveyed was 1.1 percent, down from 1.4 percent in the 2006 survey and compared with the national average for all mortgage lenders of 5.6 percent in the third quarter of 2007.
  2008-02-21 02:27:00

• For sale, for less

  Baltimore Sun - And Fannie Mae 's automated underwriting system is tagging some local homes with the declining-market warning, he said, which is the final word because so many lenders sell to the mortgage financing giant.
  2008-02-23 11:55:00

• Pennsylvania Banking Secretary Urges Homeowners with Adjustable-Rate ...

  Forbes - A homeowner who is concerned about falling behind on their mortgage should call and ask for help," said Kaplan. "Homeowners who are not sure what to say to their lenders should call 1-800-PA-BANKS and a trained professional will help.
  2008-02-21 02:20:00

• Northern and Birmingham close 125% mortgages

  Times Online - Home buyers can no longer borrow more than the value of their home. All lenders have stopped selling 125 per cent mortgage deals from today, amid fears that the deals were exposing the lenders to further bad debts and may have already left thousands ...
  2008-02-22 06:12:00

• Thousands trapped in Northern Rock loans

  Times Online - ... of at least 10% to find affordable deals as the combination of the credit crunch and falling house prices has forced lenders to readdress their attitude to risk.” Ian Peace, 38, from Huddersfield, West Yorkshire, succumbed to a 115% mortgage with ...
  2008-02-23 12:59:00

• Cleveland: ghost town created by America’s loan scandal

  Times Online - Project Lifeline is backed by six big mortgage lenders and aims to slow the rising tide of foreclosures. Borrowers who are at least three months behind on mortgage payments can apply to the lender for a 30-day “pause” on foreclosure proceedings.
  2008-02-23 02:39:00

• The Mortgage Professor

  Washington Post - Mortgage Grader develops prices mechanically by sifting through the offers of participating lenders to find the best deal. The site follows many consumer-friendly practices.
  2008-02-23 07:44:00

• A ‘Moral Hazard’ for a Housing Bailout: Sorting the Victims From ...

  New York Times - The mortgage lenders, or the investors who bought mortgage-backed securities, would be free of the bad loans but would still have to book their losses.
  2008-02-23 02:32:00

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