Mortgage and Financial News From 2008-7-15 Page 12

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  • Confessions of a subprime lender: 3 bad loans - CNN Money

    NEW YORK (CNNMoney.com) -- Richard Bitner opened his own mortgage shop in 2000, and had the good fortune to bail out of the business in 2005, before the housing crisis hit. He saw the shoddy lending practices that got us into this crisis first hand ...
    2008-07-15 01:23:00
  • Fannie-Freddie Backfire, M&A Reversals, Macy's Swoon: Timshel - Bloomberg

    July 15 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson's plan for sustaining Fannie Mae and Freddie Mac in their current form may have backfired. The government's implied guarantee to the two largest U.S. mortgage-finance companies doesn't look ...
    2008-07-15 12:18:00
  • July 2008 - ABC News Blogs

    . Pushing my real work to the side, I called him for the some hundredth time in the past half a year. "I really really want to get this done," he moaned, offering to drive to my house tomorrow morning for me to sign some papers. " You have to decide ...
    2008-07-14 05:30:00
  • Post asks itself: Was Obama mortgage story fair? - Los Angeles Times Blogs

    A large number of you were critical of a post I put up on July 2 linking t o a Washington Post article headlined "Obama Got Discount on Home Loan." That said, many of you will be interested in the Post's own follow-up, in which the paper's ombudsman ...
    2008-07-13 05:53:00
  • Frozen equity line could sink credit score - Seattle Times

    Your bank sends you a letter, telling you that the limit has been reduced on your home-equity line of credit, or HELOC. That news is unwelcome enough. What the letter doesn't tell you is this: Your credit score just got whacked. A frozen HELOC doesn ...
    2008-07-12 11:59:00
  • Minority Real Estate Trade Groups Back Fed & Treasury Department's Action To Fortify Freddie Mac and Fannie Mae (Centre Daily Times)

    Hispanic, Asian and African American real estate professionals issued a joint statement of endorsement today for the actions of the Federal Reserve Board and U.S. Treasury Department to bolster support for Government Sponsored Enterprises Fannie Mae and Freddie Mac. The Multicultural Coalition of 70,000 combined members of the National Association of Hispanic Real Estate Professionals (NAHREP), ...
    2008-07-14 01:48:23
  • FAQ: Secrets of Spanish bank's success (Guardian Unlimited)

    The Alliance & Leicester takeover explained
    2008-07-14 04:27:04
  • ELS Reports Second Quarter Results (Finanzen.net)

    Equity LifeStyle Properties, Inc. (NYSE: ELS) today announced results for the quarter and six months ended June 30, 2008. a) Financial Results For the second quarter 2008, Funds From Operations ("FFO”) were $21.7 ...
    2008-07-14 05:18:13