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Statistics |
| Unique Visitors: 10 |
| Total Unique Visitors: 3198537 |
| Visitors Out: 970 |
| Total Visitors Out: 974 |
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| Temporary Order To Cease and Desist To American Home Mortgage Issued By Connecticut Banking Commissioner |
| 2007-08-04 01:51:15 |
Connecticut Banking Commissioner Howard Pitkin Issues Temporary Order to Cease and Desist to American Mortgage">Home Mortgage
Connecticut State Banking Commissioner Howard F. Pitkin issued a Temporary Cease and Desist Order and Summary Suspension Against American Home Mortgage Corp. of New York (“American”) and two of its affiliates today. The action is the result of an on-going investigation of American for possible violations of Connecticut’s mortgage banking laws. Upon receipt of the order, American is required to cease and desist from failing to timely fund loans, failing to perform agreements with borrowers, failing to cooperate with the Department and from making material misstatements. American and its affiliates are also placed on notice that a maximum fine of $1,000,000 could be levied by the Department.
“This order comes after the Department determined that American did not transfer loan proceeds for 38 loans scheduled to close in Connecticut,” Commissioner Pitkin stated. ...
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| Fitch Ratings Affirms $621.2MM & Downgrades $46.4MM From 2 Bear Stearns Subprime Deals |
| 2007-08-04 01:21:40 |
NEW YORK–(BUSINESS WIRE)–Fitch Ratings has taken the following rating actions on Bear Stearns mortgage pass-through certificates. Affirmations total $621.2 million and downgrades total $46.4 million. Break Loss percentages (BL) and Loss Coverage Ratios (LCR) for each class are included with the rating actions as follows:
Bear Stearns Asset Backed Securities I Trust 2005-HE10
–$297.7 million class A-1,A-2,A-3 affirmed at ‘AAA’ (BL:55.67, LCR:4.76);
–$28.5 million class M-1 affirmed at ‘AAA’ (BL: 41.84, LCR:3.57);
–$103.8 million class M-2 affirmed at ‘AA’ (BL:27.18, LCR:2.33);
–$41.3 million class M-3 affirmed at ‘A’ (BL:19.74, LCR:1.69);
–$12.3 million class M-4 affirmed at ‘A-’ (BL:17.14, LCR:1.47);
–$12.8 million class M-5 downgraded to ‘BBB’ from ‘BBB+’ (BL:14.42, LCR:1.23);
–$6.8 million class M-6 downgraded to ‘BBB-’ from ‘BBB...
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| Standard & Poor Cuts Bear Stearns Debt Rating Outlook |
| 2007-08-04 01:06:35 |
Play Video
In-Depth Look: S&P Cuts Bear Stearns’ Debt Rating Outlook
Bloomberg-Clip - (BLOOM-Clip)
Aug. 03, 2007. 12:00 PM EST
Interview with Scott Sprinzen of S&P
Play Video
Focus on Housing & Credit Markets: Bear Stearns Debt Rating Outlook Cut by S&P
Bloomberg-Clip - (BLOOM-Clip)
Aug. 03, 2007. 11:00 AM EST
Analysis and Discussion with Joseph Brusuelas of IDEAglobal; Housing Will Be at Bottom For Some Time; Subprime Meltdown
Bear Stearns Responds to S&P Action
NEW YORK–(BUSINESS WIRE)–The Bear Stearns Companies Inc. (NYSE: BSC) said today that it is disappointed with S&P’s decision to change its outlook on Bear Stearns. Most of the themes highlighted in its report are common to the industry and are not likely to have a disproportional impact on Bear Stearns. S&P’s specific concerns over issues relating to certain hedge funds managed by BSAM are unwarranted as these were isolated inciden...
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| Lenders Cut Back On Alt A Mortgages And Raise Standards |
| 2007-08-03 23:51:47 |
Play Video
Cost of Credit Rising: Lenders Cut Back Alt-A Loans
Bloomberg-Clip - (BLOOM-Clip)
Aug. 03, 2007. 02:00 PM EST
Near-Prime Credit Drying Up; Analysis and Discussion with John Sauro of North Atlantic Mortgage Corp.: Market is Repricing Credit Values
We would appreciate you watching this video. We believe that the majority of comments made by John Sauro are accurate based upon inside thoughts of financial CEO’s we speak with.
You decide.
Alt A Mortgage Market, Credit, Credit Deterioration, housing market, Housing videos, mortgage bubble, mortgage news, Mortgage Video, Subprime Implosion
---Related Articles at Consumer Mortgage Reports:New Legislation Will Weigh on Housing MarketPlow Over The Inland EmpireGordon Gekko Says, "Greed Is Good" - Shorting Real EstateTough Mortgage MarketToday's Economy: Home Sales, Homebuilders And DefaultsPrices Tick Up Amongst Subprime Mortgage Woes...
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| Gordon Gekko Says, “Greed Is Good” - Shorting Real Estate |
| 2007-08-03 23:34:54 |
Play Video
The Active Investor: Shorting Real Estate
Bloomberg-Clip - (BLOOM-Clip)
Aug. 03, 2007. 12:00 PM EST
Analysis and Discussion with Martin Weiss of Weiss Group, Inc: Look to Real Estate as Short Hedge Opportunity; Lastest Correction Good for Energy Returns
Federal Reserve, Hedge Funds, housing market, Housing videos, mortgage bubble, mortgage news, Mortgage Video, Real Estate Investors, Todays Economy
---Related Articles at Consumer Mortgage Reports:Lenders Cut Back On Alt A Mortgages And Raise StandardsTough Mortgage MarketToday's Economy: Home Sales, Homebuilders And DefaultsPrices Tick Up Amongst Subprime Mortgage WoesToday's Economy Is Improving And Getting Even BetterSubprime Implosion And Now Rising Prime Mortgage Rates...
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| Hourly Earnings Up 0.3%, Manufacturing Payrolls Down 2K, Average Weekly Hours of 33.8, Non Farm Payrolls Up 92K, Unemployment Rate Stays at 4.6% |
| 2007-08-03 18:36:11 |
Play Video
Jobs Report Numbers Out: Hourly Earnings Up 0.3%, Manufacturing Payrolls Down 2K, Average Weekly Hours of 33.8, Nonfarm Payrolls Up 92K, Unemployment Rate Stays at 4.6%
Bloomberg-Clip - (BLOOM-Clip)
Aug. 03, 2007. 08:00 AM EST
Reaction with Phil Flynn of Alaron Trading and Maury Harris of UBS Securities
Subprime Implosion, Subprime Mortgage Industry, Todays Economy
---Related Articles at Consumer Mortgage Reports:Recession Concerns -Subprime SlimeDollar Drops on SubprimePrices Tick Up Amongst Subprime Mortgage WoesSubprime Fallout Contained: Concerns Are Overdone - With a Small Overall ImpactStandard & Poor Cuts Bear Stearns Debt Rating OutlookAccredited Home Lenders Says It May Not Survive...
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| U.S. Employment Growth Slowed in July |
| 2007-08-03 17:59:20 |
Play Video
Trader Talk: U.S. Employment Growth Slowed in July
Bloomberg-Clip - (BLOOM-Clip)
Aug. 03, 2007. 09:00 AM EST
Analysis and Discussion with Daniel McMahon of CIBC World Markets
Federal Reserve, Todays Economy
---Related Articles at Consumer Mortgage Reports:Gordon Gekko Says, "Greed Is Good" - Shorting Real EstateFederal Reserve Beige Book July 25 2007Ben Bernanke Semiannual Monetary Policy Report to CongressTodays Mortgage Market News July 18 2007NY Empire State Index Higher Than ExpectedHousing Market's Drag On Economic Growth Is Diminishing...
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| Accredited Home Lenders Says It May Not Survive |
| 2007-08-03 17:22:58 |
Accredited Home Lenders, San Diego, said Thursday that it may not continue to operate as a “going concern,” sending its stock price down 25% to just over $6 a share.
Accredited is the nation’s 18th-largest subprime funder. The company cited deteriorating conditions in the market, including rising mortgage defaults and early payment defaults. During the first five months of the year it repurchased $152 million in loans and paid out an additional $39 million in cash to investors to settle loan repurchase-related demands.
In June Accredited agreed to be acquired by private equity firm Lone Star for $400 million in a transaction that valued the company at $15.10 a share. There is now speculation that Lone Star will try to greatly reduce the price it will have to pay for the lender.
...
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| Todays Current Mortgage Interest Rates August 3 2007 |
| 2007-08-03 16:39:06 |
August 3 2007
Daily Mortgage Rates">Interest Rates via Email OR
OR
Mortgage
Programs
Difference
Mortgage Interest Rates for
August 2 2007
Mortgage Interest Rates for
August
3 2007
Cost for Each $100k Borrowed
Apply Biweekly Payments*
30 Year Fixed Average
Down .01
6.69%
6.68% Get More Info
$644.61
5.448%*
15 Year Fixed Average
Down .05
6.37%
6.32% Get More Info
$863.98
5.691%*
5/1 ARM Average
Down .01
6.30%
6.29% Get More Info
$618.97
5.211%*
3/1 ARM Average
Down .10
5.69%
5.59% Get More Info
$579.77
4.752%*
10-Year Treasury
Down .04
4.79%
4.75%
–
–
30-Year Treasury
Down .02
4.92%
4.90%
–
–
USD LIBOR 6-mo
Up .017
5.301%
5.318%
–
–
USD LIBOR 1-yr
Up .043
5.187%
5.230%
–
–
COFI-11th
Down .010
4.293%
4.283%
–
–
Prime Rate
Unchanged
8.25%
8.25%
–
–
sources:Freddie Mac, Federal Reserve, DTN, FHLBSF Key: Rates Are Increasing Rates Are Decreasing *Net Equivalent Interest Rate is used...
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| Jon Stewart From The Daily Show Takes On Subprime Mortgages |
| 2007-08-03 09:12:38 |
I’d like to thank http://housingpanic.blogspot.com for this one.
Adjustable Rate Mortgage, mortgage news, Mortgage Video, Subprime Implosion, Subprime Mortgage Industry
---Related Articles at Consumer Mortgage Reports:Plow Over The Inland EmpireStandard & Poor Cuts Bear Stearns Debt Rating OutlookAt Least 70 Mortgage Companies Have Gone Bankrupt, Halted Operations or Sought BuyersRecession Concerns -Subprime SlimeStop The MadnessNew Legislation Will Weigh on Housing Market...
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| Deconstructing Homebuilders |
| 2007-07-28 07:07:00 |
Some of the experts on the street weigh in on the housing market and homebuilders, with Paul Puryear, Raymond James director, real estate research; Anthony Chan, JP Morgan Private Client Services managing director/chief economist and CNBC’s Carl Quintanilla.
housing market, Housing videos
---Related Articles at Consumer Mortgage Reports:Today's Economy: Home Sales, Homebuilders And DefaultsRealization Of Selling Your Home YourselfHousing Will Remain A Drag But Improving Each QuarterStocks Plunge As Lending Worries MountSlumping Housing Market drops Dow More Than 310 PointsBeezer Homes And Other Homebuilders Slide...
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| A Pre Approval Is 100 Times Better Than A Pre Qualification |
| 2007-07-28 06:37:12 |
This video will explain the difference between getting Pre Qualified and getting Pre Approved for a mortgage.
Mortgage Articles, Mortgage Video
---Related Articles at Consumer Mortgage Reports:Today's Economy: Home Sales, Homebuilders And DefaultsWells Fargo Halts Subprime Loans for Mortgage BrokersConch House in Danger Of Bank ForecloseBoosting Your Credit ScorePrivate Equity -We Are Not Yet At Risk Of "Credit Crunch"Prices Tick Up Amongst Subprime Mortgage Woes...
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| Wall Street Roller Coaster |
| 2007-07-28 06:25:03 |
As Kelly Wallace reports, most investors are keeping calm, and they have history on their side and some good economic news wasn’t enough to keep Wall Street from a second straight down day.
Todays Economy
---Related Articles at Consumer Mortgage Reports:Today's Economy: Home Sales, Homebuilders And DefaultsHousing Will Remain A Drag But Improving Each QuarterTodays Mortgage Market News July 27 2007Stocks Plunge As Lending Worries MountTodays Current Mortgage Interest Rates July 27 2007Prices Tick Up Amongst Subprime Mortgage Woes...
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| Today’s Economy: Home Sales, Homebuilders And Defaults |
| 2007-07-28 06:17:24 |
The Dow tumbled more than 300 points due to investors’ concerns over a continuously weak housing market, rising fuel prices and a tightening credit market. Kelly Wallace reports.
Credit Deterioration, depreciation, Foreclosure Market, housing market, Housing videos, Mortgage Defaults, Mortgage Delinquencies, mortgage news, Mortgage Video, National Association of Home Builders, Todays Economy
---Related Articles at Consumer Mortgage Reports:Prices Tick Up Amongst Subprime Mortgage WoesToday's Economy Is Improving And Getting Even BetterSubprime Implosion And Now Rising Prime Mortgage RatesHousing To Bounce Back In 2008 Says National Association of RealtorsHousing Will Remain A Drag But Improving Each QuarterStocks Plunge As Lending Worries Mount...
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| Realization Of Selling Your Home Yourself |
| 2007-07-28 06:12:44 |
housing market, Housing videos, National Association of Realtors
---Related Articles at Consumer Mortgage Reports:Prices Tick Up Amongst Subprime Mortgage WoesHousing To Bounce Back In 2008 Says National Association of RealtorsUnsold Homes Highest In 15 YearsDeconstructing HomebuildersToday's Economy: Home Sales, Homebuilders And DefaultsHousing Will Remain A Drag But Improving Each Quarter...
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| Housing Will Remain A Drag But Improving Each Quarter |
| 2007-07-27 18:18:06 |
Play Video
Focus on GDP Report: Housing Will Remain a Drag, But Less So Each Quarter
Bloomberg-Clip - (BLOOM-Clip)
Jul. 27, 2007. 08:00 AM EST
Analysis and Discussion with William Cheney of John Hancock Financial Services: We Are Close to Bottom of the Housing Cycle
housing market, Housing videos, Todays Economy
---Related Articles at Consumer Mortgage Reports:Today's Economy: Home Sales, Homebuilders And DefaultsStocks Plunge As Lending Worries MountPrices Tick Up Amongst Subprime Mortgage WoesToday's Economy Is Improving And Getting Even BetterUS Economy Slowing But Not BrokenWhy Hasn't The Slowing Housing Market Hurt The Economy More?...
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| Todays Mortgage Market News July 27 2007 |
| 2007-07-27 18:02:44 |
The 2-10-yr yield spread has taken another turn wider with the curve back out at 23.6, it’s widest read since Oct 05.
The market is trying to shake off the ‘not-as-entirely-bad-as-expected’ report combined with an expected comeback in stocks. Trade will be leaned on for the session as it looks to clean-up after yesterday’s rally.
There will be a floor under prices however, because first off, the overall scenario has not changed overnight with flight to quality investors still leading the way amid risk deployment fears. With gasoline prices falling and stock markets hitting nominal highs during the month, the mood of U.S. consumers brightened in July, Reuters and the University of Michigan reported Friday.
The consumer sentiment index rose to a reading of 90.4 from 85.3 in June. It marked the best reading since February. The index stood at 92.4 in mid-July.
While interesting the market seems to not care much and is purely focus on what many are beginning ...
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| This Day In America July 27 |
| 2007-07-27 17:41:06 |
– On today’s date in 1866 Cyrus W. Field finally succeeded, after two failures, in laying the first underwater telegraph cable between North America and Europe.
– On today’s date in 1953, the Korean War armistice was signed at Panmunjom, ending three years of fighting.
– On today’s date in 1996, terror struck the Atlanta Olympics as a pipe bomb exploded at Centennial Olympic Park, killing one person and injuring 111. (Anti-government extremist Eric Rudolph later pleaded guilty to the bombing.)
– Today Sportscaster Irv Cross is 68.
– Today Olympic gold medal figure skater Peggy Fleming is 59.
mortgage news
---Related Articles at Consumer Mortgage Reports:Today's Economy: Home Sales, Homebuilders And DefaultsTodays Mortgage Market News July 27 2007Economist Sees Big Spike in Foreclosure LossesMortgage Industry Stocks Fall SharplyTodays Current Mortgage Interest Rates July 27 2007Wells Fargo Halts Subprime Loans for Mortgage Brok...
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| Economist Sees Big Spike in Foreclosure Losses |
| 2007-07-27 17:34:06 |
The chief economist of Moody’s Economy.com says he expects mortgage credit quality to “erode measurably” between now and the summer of 2008.
Speaking with reporters on a conference call, prominent housing economist Mark Zandi predicted that the industry will see slightly more than 1.2 million mortgage defaults this year and 1.3 million next year.
By contrast, about 800,000 mortgages defaulted in 2005. Mr. Zandi said those defaults will lead to about $125 billion of losses for investors in mortgage-backed securities, an estimate significantly higher than Federal Reserve Board Chairman Ben Bernanke’s recent prediction that the subprime lending crisis could cause $50 billion to $100 billion in losses.
Ben Bernanke, Federal Reserve, Foreclosure Market, mortgage news
---Related Articles at Consumer Mortgage Reports:Bernanke Sees Subprime Mortgage Industry Losses of $50-100BBig Gap Between Core and Headline InflationRound 2 of Bernanke Testimony With SenateFed Shou...
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| Todays Current Mortgage Interest Rates July 27 2007 |
| 2007-07-27 17:05:07 |
July 27 2007
Daily Mortgage Rates">Interest Rates via Email OR
OR
Mortgage
Programs
Difference
Mortgage Interest Rates for July
26 2007
Mortgage Interest Rates for July 27 2007
Cost for Each $100k Borrowed
Apply Biweekly Payments*
30 Year Fixed Average
Down .04
6.73%
6.69% Get More Info
$644.61
5.448%*
15 Year Fixed Average
Down .01
6.38%
6.37% Get More Info
$863.98
5.691%*
5/1 ARM Average
Down .05
6.35%
6.30% Get More Info
$618.97
5.211%*
3/1 ARM Average
Down .03
5.72%
5.69% Get More Info
$579.77
4.752%*
10-Year Treasury
Down .02
4.83%
4.81%
–
–
30-Year Treasury
Down .01
4.98%
4.97%
–
–
USD LIBOR 6-mo
Down .001
5.370%
5.369%
–
–
USD LIBOR 1-yr
Down .007
5.360%
5.353%
–
–
COFI-11th
Unchanged
4.293%
4.293%
–
–
Prime Rate
Unchanged
8.25%
8.25%
–
–
sources:Freddie Mac, Federal Reserve, DTN, FHLBSF Key: Rates Are Increasing Rates Are Decreasing *Net Equivalent Interest Rate is used ...
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