Mortgage and Financial News From 2007-12-18 Page 9

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• Fed targets mortgage abuse as housing woes mount (AFP via Yahoo! News)

  The Federal Reserve proposed tough new rules Tuesday in a broad crackdown on abusive mortgage lending practices almost two years into one of America's worst housing downturns in decades.
  2007-12-18 12:28:44

• Paulson says mortgage relief plan not a bailout (Reuters via Yahoo! News)

  Treasury Secretary Henry Paulson, on the second day of a tour seeking to build support for a government-sponsored mortgage relief plan, on Tuesday said it was not a bailout for people who made bad financial decisions.
  2007-12-18 04:41:09

• Fitch Reviews MVS Ratings

  Forbes - Fitch is soliciting comments and advice from investors about how to rate the debt issued by MVS. The ratings agency wants to ... obligations, structured investment vehicles and a host of other funds and structures banks established partly to park mortgage ...
  2007-12-18 08:14:00

• Realtors need to focus to be successful these days

  San Jose Mercury News - Even as much turmoil marks the mortgage business and statewide sales are down compared to last year, local real estate agents ... unbelievable," "opportunities" and "increased business," and then they proceeded to share their experiences and give advice ...
  2007-12-18 03:52:00

• Goldman's magic bullet

  Marketwatch - NEW YORK (MarketWatch) -- Goldman Sachs Group Inc. might fare better if it followed the advice of the great poker players ... Ben Stein, the actor, game-show host and economist, accused Goldman economists of "selling fear" and then shorting mortgage ...
  2007-12-18 12:03:00

• Oconee Habitat completes homes for the holidays

  Anderson Independent-Mail - Jones said. “They work on the houses and make the mortgage payments just like anyone else. We provide financial advice and help them to make good decisions about homeownership.” A second Habitat community is underway in Fairplay. Wilbrandt Woods ...
  2007-12-18 07:52:00

• Freddie Mac, NewAlliance Bank and Mutual Housing Association Bring Get ...

  Forbes - Through the Get the Facts! workshops, participants are provided with straightforward information and advice about all ... Loan Prospector Outreach is a tool to help housing counselors assess the readiness of their clients to apply for a mortgage ...
  2007-12-18 10:58:00

• Beware the festive financial hangover

  This is Wirral - Last year Citizens Advice dealt with over 57,000 problems about mortgage and secured loan arrears - an 11% increase on the previous year -and a survey suggested as many as 770,000 people had missed at least one mortgage or secured loan payment in the ...
  2007-12-18 12:10:00

• Is the ghost of Scrooge watching our profligate Christmas Present?

  Times Online - ... and county court judgments, offering to consolidate all personal debt into a single loan secured by mortgage. The rate is high but not prohibitive, 3.5 per cent above libor — about 10 per cent. My IFA is a decent person, offering good advice to ...
  2007-12-18 01:43:00

• THE FED: Fed Proposes Rules To Combat Unfair Mortgage Lending

  FXStreet.com - Fed Proposes Rules To Combat Unfair Mortgage Lending By Greg Robb WASHINGTON (Dow Jones) -- The Federal Reserve proposed ... Nor does it provide any form of advice (investment, tax, legal) amounting to investment advice, or make any recommendations ...
  2007-12-18 02:19:00

• Goldman Profit Rises to Record on Trading, M&A Advice (Update2)

  Bloomberg - Goldman Profit Rises to Record on Trading, M&A Advice (Update2) By Christine Harper ... Officer Lloyd Blankfein, shattered annual Wall Street profit records for the fourth consecutive year, sidestepping mortgage ...
  2007-12-18 07:02:00

• THE FED: Fed Proposes Rules To Combat Unfair Mortgage Lending (The Forex Market)

  WASHINGTON (Dow Jones) -- The Federal Reserve proposed sweeping new rules on Tuesday to clean up the market for subprime and all forms of home mortgages.
  2007-12-18 02:28:52

• Goldman Profit Rises to Record on Trading, M&A Advice (Update2) (Bloomberg.com)

  Dec. 18 (Bloomberg) -- Goldman Sachs Group Inc., the world's largest securities firm, reported record earnings in the worst quarter for Wall Street in six years.
  2007-12-18 07:12:50

• A mortgage and a prayer (New York Daily News)

  Tracy-Jean Curry got the best mortgage deal her bank was willing to offer. And now she?s worried - because she took one of those loans everyone?s been talking about, even in the White House.
  2007-12-17 01:40:38

• Advice without drama (Hastings Gazette)

  At several times in our lives we need financial advice. Whether it is to review an investment strategy, pay off the mortgage more quickly or choose an appropriate retirement product, the result will depend on the quality of advice you receive.
  2007-12-18 12:22:27

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