Mortgage and Financial News From 2007-10-23 Page 21
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Countrywide to Modify $16B in Loans
Newsday - CALABASAS, Calif. - Countrywide Financial Corp., the nation's largest mortgage ... Countrywide said it would reach out to borrowers who are current on their loans but ... mortgages from 2005 through the first half of 2007 defaulted at increasing rates ...
2007-10-23 04:22:00 -
Countrywide to modify $16B in loans (AP via Yahoo! News)
Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans whose interest rate is set to adjust by the end of 2008.
2007-10-23 04:12:30 -
Lawmakers aim to reform lending standards
Miami Herald - Further, it would mandate adequate proof of income by those who seek home loans. ''If this had been law on January '06, I ... Restrict costly prepayment penalties charged to borrowers who wish to close out their loans, typically to refinance on cheaper ...
2007-10-22 11:57:00 -
Punish speculators, aid homeowners in mortgage crisis
Chicago Sun-Times - When the House passed a modest bill, creating a $900 million fund to help homeowners refinance each year, the president ... But at the same time, many young families are faced with losing the home that they scrimped to purchase. Normally, if a ...
2007-10-23 03:18:00 -
Countrywide to offer refinance options
Washington Post - The largest U.S. mortgage lender said it will initiate a program to refinance or modify up to $16 billion of Countrywide loans ... Dozens of mortgage lenders have curtailed or quit operations this year as defaults have increased, home prices have fallen ...
2007-10-23 03:18:00 -
Lawmakers weigh home loan reform
Miami Herald - Further, it would mandate adequate proof of income by those who seek home loans. ''If this had been law on January '06, I ... Restrict costly prepayment penalties charged to borrowers who wish to close out their loans, typically to refinance on cheaper ...
2007-10-23 04:01:00 -
Countrywide offers help for reset shock
CNN Money - Countrywide offers help for reset shock No. 1 mortgage lender announces program to refinance $16 billion in loans for 80,000 borrowers facing much higher home payments.
2007-10-23 03:53:00 -
Countrywide Announces a $16 Billion Comprehensive Home Preservation ...
MSN MoneyCentral - Dedicated teams of Countrywide specialists will contact customers who are current in their payments and approaching a rate reset to ascertain the borrowers circumstances and advise them about refinance and home preservation options. Countrywide's ...
2007-10-23 02:13:00 -
Countrywide to Refinance Up to $16 Billion of Loans (Update1)
Bloomberg - Oct. 23 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, plans to refinance or restructure as much as $16 billion of debt for home buyers facing higher payments on adjustable-rate mortgages before the end of 2008 ...
2007-10-23 04:08:00 -
Contra Costa Supervisor Glover Home From Hospital (KTVU 2 San Francisco)
PITTSBURG -- After spending a month in the hospital for treatment of an undiagnosed illness, Contra Costa County Supervisor Federal Glover was allowed to go home to Pittsburg Saturday to finish his recovery, according to his office.
2007-10-22 03:01:19 -
Home Sales Post Double-Digit Decline (WCVB Boston)
Two new reports show a sharp drop in home sales in Massachusetts in September.
2007-10-22 09:17:02 -
Fire Destroys Abandoned Home In San Elizario (KFOX 14 El Paso)
SAN ELIZARIO, Texas -- An abandoned home in San Elizario goes up in flames and firefighters said it looked suspicious. It happened in the 12000 block of Cuatro Aces.
2007-10-22 05:40:41 -
Countrywide Announces a $16 Billion Comprehensive Home Preservation Program (PR Newswire via Yahoo! Finance)
Countrywide Financial Corporation today announced a comprehensive home preservation program to reach out to borrowers at-risk of default.
2007-10-23 02:00:00 -
Countrywide to offer refinance options (Reuters via Yahoo! News)
Countrywide Financial Corp , which is in the middle of a crisis amid rising delinquencies and foreclosures, on Tuesday said it plans to offer refinancing options to subprime borrowers.
2007-10-23 03:17:59 -
Countrywide to refinance $16B in loans to avoid reset shock (CNNMoney.com via Yahoo! Finance)
Countrywide Financial, the nation's largest mortgage lender, announced a program Tuesday to refinance or modify up to $16 billion of its loans due to reset at higher payments through the end of next year.
2007-10-23 03:09:00