Holden Lewis is on vacation.
States such as Michigan, Arizona and Florida that have been hard hit by unemployment and foreclosures are introducing new programs to help homeowners who can’t manage their mortgage payments.
The federally funded programs offer new help to homeowners who may have been disappointed by other federal government assistance programs.
The Michigan State Housing [...]
Posts Tagged ‘bank of america’
States offer mortgage aid
January 13th, 2011 by Financial Writer
Tags: au, bank, bank of america, banks, California, fed, federal government, finance, Florida, foreclosure, foreclosures, government, homeowners, housing, illinois, india, lender, mortgage, mortgages, north carolina, owners, South Carolina, ubs, unemployed, unemployment, us, wells fargo
more...Canadian bonds beat world
January 8th, 2011 by Financial Writer
Returns in Canada’s bond market exceeded the rest of the world in 2010, gaining the most in five years, and may outperform again this year amid record foreign purchases of the nation’s fixed-income securities.
The Bank of America Merrill Lynch Canada Broad Market Index, which tracks 1,150 federal, provincial and corporate bonds with a par value [...]
Tags: AIG, au, bank, bank of america, banking, banking system, ben, budget deficit, Canada, company, credit market, crisis, Debt, debt crisis, deficit, dollar, economist, economists, economy, energy, euro, euro zone, Europe, fed, federal government, glo, Global Economy, government, inflation, interest rate, interest rates, Invest, investment, investor, investors, lender, money, new york, oil, rate, recession, sales, us, weak economy
Caliber Mortgage Finance – The Future Of The Residential Loans Or A Wolf In Sheep's Clothing
December 14th, 2010 by Financial Writer
We’ve all been affected in one way or the other of the whole mortgage mess (or for many of us, we hit many, many possibilities). For the most part, I think it’s fair to say that most of the average person was affected by the collapse of mortgages in recent years has been nothing [...]
Tags: au, bank, bank of america, banking, banks, bell, bonuses, business, company, dollar, dollars, employers, finance, financial, foreclosure, government, lender, lenders, loan, loans, mortgage, mortgage finance, mortgages, president, rate, us, us employers, wells fargo
Mortgage-Bond Slump ‘Won’t Be Fun’ for Housing: Credit Markets
December 13th, 2010 by Financial Writer
A slump in government-backed mortgage securities that’s sent yields to the highest level since May is threatening a recovery in the U.S. housing market, which had been bolstered by record-low borrowing costs.
Yields on Fannie Mae-guaranteed securities that most affect loan rates jumped as high as 4.21 percent today, an increase [...]
Tags: au, bank, bank of america, banking, banking group, banks, barack obama, ben, borrow, borrowers, borrowing, borrowing costs, business, buyers, California, company, credit market, dealers, Debt, dollar, economist, euro, Europe, fannie Mae, fed, Federal Reserve, finance, financial, financial industry, foreclosure, freddie Mac, general electric, government, home prices, homeowners, housing, housing market, increase, inflation, inventory, Invest, investment, investor, investors, lender, lenders, lending, loan, loans, mortgage, mortgage market, mortgage rates, mortgages, new york, obama, owners, president, rate, rate mortgages, sales, the dollar, unemployment, us, USA
The overblown menace of robosigners
December 9th, 2010 by Financial Writer
A lot of homeowners face foreclosure. The overwhelming majority of them haven’t been making their house payments.
This simple truth has been obscured by the foreclosure paperwork scandal.
In 23 states, foreclosures must be accomplished through the court system. (In the other states, lenders handle foreclosures administratively, although homeowners can choose to defend themselves in court.)
Lenders are [...]
Tags: au, bank, bank of america, consumer, consumer advocates, Debt, debts, foreclosure, foreclosures, homeowners, job, lender, lenders, mortgage, new york, owners, president, us
Home loan conference recap
December 7th, 2010 by Financial Writer
Mortgage maven Christopher Cruise summarizes yesterday’s housing conference in D.C.:
My overall impression of the conference is that there will be changes and that maybe, maybe sometime in the next decade or so, Fannie and Freddie will cease to exist, or their functions will be split and half-retained in government and the other half fully privatized. [...]
Tags: au, bank, bank of america, borrow, borrowers, government, home prices, housing, housing market, increase, loan, loans, mortgage, obama, obama administration, president, ubs, us
Eight Banks Fail in Four States
August 22nd, 2010 by Financial Writer
Eight banks were shuttered by regulators Friday, bringing the 2010 tally of U.S. bank failures to 118.
Six of the eight failed banks were included in TheStreet’sBank Watch List of undercapitalized institutions, based on second-quarter regulatory data provided by SNL Financial.
The Federal Deposit Insurance Corp. found buyers for the deposits and branches for all of the [...]
Tags: bank of america, Bankruptcy News, banks, business, financial markets, financial system, wall street
Yen Drops Against Most Major Counterparts as Stock Gains Dim Haven Demand
August 9th, 2010 by Financial Writer
The yen fell against higher-yielding currencies including the Mexican peso and Australian dollar as stocks rose, reducing demand for a refuge.
The dollar advanced from almost a three-month low against the euro on concern the greenback’s recent drop would be hard to sustain. The U.S. currency declined 1.7 percent last week as investors speculated that a [...]
Tags: bank of america, bank of japan, commercial banks, economists, economy activity, european stocks, Federal Reserve, investors
Treasury Two-Year Yield Drops to Record Low on Slowdown Concern
July 15th, 2010 by Financial Writer
Treasury two-year note yields dropped to a record low after reports showed a gauge of New York manufacturing trailed economists’ estimates and production at U.S. manufacturers declined.
Yields on two-year notes, the most sensitive to changes in Federal Reserve policy, fell to 0.5767 percent, below the previous record of 0.5856 percent reached on June 30. Bank [...]
Tags: bank of america, economists, Federal Reserve, financial system, interest rates, us, us economic, us economy, us manufactured, us stocks, us treasury
Bank stocks get hammered
June 29th, 2010 by Financial Writer
Bank stocks tumbled Tuesday on the heels of negative global economic data and concern that a financial reform bill won’t pass in the Senate.
Morgan Stanley (MS, Fortune 500), Bank of America (BAC, Fortune 500) and JPMorgan (JPM, Fortune 500) all closed about 4% lower.
Those stocks slid amid renewed concern that the Wall Street reform bill [...]
Tags: bank of america, bank stock, economic, financial, financial system, Global Economy, loans, money, us economy