Prospective borrowers chose an adjustable-rate mortgage on 5.6 percent of the applications tracked in the latest Mortgage Bankers Association’s Weekly Mortgage Applications Survey . ARM share fell from 5.7 percent the previous week. Based on closed loans, Freddie Mac forecasts that ARMs will account for 6 percent of fourth-quarter volume then climb to 10 percent [...]
Archive for the ‘subprime Lending’ Category
ARM Activity Headed Higher
Posted by davidguide on December 10th, 2010
Posted in subprime Lending 
Tags: Activity, adjustable rate mortgage, arm, Association, bankers, Freddie, freddie mac, Headed, higher, Loans, Mortgage, mortgage applications, mortgage bankers association, percent, prospective borrowers, share, survey, Week, Weekly, weekly mortgage 
Comments OffMississippi banks took Fed loans
Posted by davidguide on December 9th, 2010
Three banks in Mississippi got millions of dollars from a Federal Reserve short-term loan program aimed at stabilizing financial markets. View full post on All Stories
Posted in subprime Lending Tags: Banks, Federal, federal reserve, financial markets, Loan, loan program, Loans, Mississippi, post, program, Reserve, short term loan, Stories, took, View Comments OffHUD investigates lenders’ fair-housing practices
Posted by davidguide on December 9th, 2010
Federal officials launched an investigation Wednesday to determine whether 22 mortgage lenders have been discriminating against qualified African-American and Latino borrowers by denying them government-insured loans. View full post on All Stories
Posted in subprime Lending Tags: African, American, borrowers, fairhousing, federal officials, investigates, investigation, Latino, lenders, Loans, Mortgage, mortgage lenders, post, practices, Stories, View, Wednesday Comments Off5-Year Sentence for Bank LO Who Modified Loans
Posted by davidguide on December 8th, 2010
A former loan officer at First Security Trust & Savings Bank admitted that he manually modified mortgage loans without his employer’s knowledge. His actions ended up costing the Illinois bank more than $5 million. He was sentenced to 63 months in prison. View full post on All Stories
Posted in subprime Lending Tags: 5 million, 5Year, amp, Bank, employer, first security, Illinois, illinois bank, knowledge, Loan, loan officer, Loans, Modified, Mortgage, mortgage loans, Officer, Savings, savings bank, security, security trust, sentence, Trust Comments OffBSE Sensex falls 1 pct; banks slip, oil firms up
Posted by davidguide on December 8th, 2010
The BSE Sensex slipped 1 percent on Wednesday as high world oil prices sparked concerns of a possible increase in domestic auto fuel prices that could stoke inflation. Banking shares fell for a third successive day on worries rising lending rates in the sector would affect demand for loans, while a sharp increase in deposit [...]
SBA Assistance Continues for Small Businesses in Mississippi Affected by the Deepwater BP Oil Spill
Posted by davidguide on December 7th, 2010
ATLANTA–(BUSINESS WIRE)–The U.S. Small Business Administration urges small businesses in Mississippi suffering financial losses due to the Deepwater BP Oil Spill to apply for economic injury disaster loans. “These low-interest disaster loans can be part of their business recovery solution,” said Frank Skaggs, director of SBA’s Field Operations Center East in Atlanta. The SBA is [...]
Posted in subprime Lending Tags: Administration, Affected, assistance, Atlanta, atlanta business, bp oil spill, Business, business recovery, businesses, capital loans, Continues, Deepwater, disaster, disaster loans, economic injury, field operations, financial losses, Frank Skaggs, injury, Mississippi, oil, recovery solution, sba, Small, Small Business Administration, Spill, U.S. Small, wire Comments OffChina rate rise talk builds as loans and inflation rise
Posted by davidguide on December 7th, 2010
BEIJING (Reuters) – China is likely to raise interest rates in the coming days in a demonstration of the government’s resolve to tame inflation, an official newspaper said on Tuesday. View full post on All Stories
Posted in subprime Lending Tags: Beijing, builds, China, demonstration, inflation, interest rates, Loans, rate, Reuters, rise, talk, tame inflation Comments OffGillard loans $160m for asbestos victims
Posted by davidguide on December 7th, 2010
JULIA Gillard today signed off a loan agreement with New South Wales to offer $160 million to asbestos victims and their families. View full post on All Stories
Posted in subprime Lending Tags: $160m, agreement, asbestos, asbestos victims, Gillard, julia gillard, Loan, loan agreement, Loans, New, new south wales, post, South Wales, Stories, today, Victims, View Comments OffBNI to boost consumer loan next year
Posted by davidguide on December 6th, 2010
State owned bank PT Bank Negara Indonesia plans to increase its consumer loan to 30 percent of the total loans next year, assuming that the demand for the credit will remain high. View full post on All Stories
Cavalier Attitude? LeBron Over Icy Reception From Ex-Teammates
Posted by davidguide on December 6th, 2010
Miami Heat forward LeBron James settled his feud with former teammate Daniel Gibson after the two engaged in a trash talking incident Thursday at Quicken Loans Arena, Cleveland, Ohio. LeBron also got the better of the Cavs with 38 points in a Heat rout. View full post on All Stories
Posted in subprime Lending Tags: arena, attitude, Cavalier, Cavs, Cleveland, cleveland ohio, Daniel Gibson, ExTeammates, feud, former teammate, From, Heat, heat rout, incident, James, LeBron, lebron james, Loans, Miami, miami heat, Ohio-, Over, Quicken, Reception, teammate, Thursday, trash Comments Off
