COLOR OF MONEY: Credit score affects mortgage (The Charlotte Observer)
This week, Michelle Singletary opens her mail bag.
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New York Mortgage sector perform, target price reduced (New Ratings) NEW YORK, August 19 (newratings.com) - Analyst James Ackor of RBC Capital Markets reiterates his "sector perform" rating on New York Mortgage (NKZ.BER), while raising his estimates for the company.
How the Sub-Prime Mortgage Crisis Could Spread (SeekingAlpha via Yahoo! Finance) Excerpt from fund manager John Hussman's weekly essay on the U.S. market: According to the latest Mortgage Bankers Association survey, the loan delinquency rate increased during the fourth quarter
Codes Change Boosts Housing Starts Housing starts increased 9.1% in June from the previous month because a change to New York City building codes that took effect July 1 caused a deadline rush, but excluding
Housing market wavering Susie Graddy, who purchased her house in the Woodside Homes project off Eight Mile Road about 18 months ago, isn't worried about a housing price decline.read more...
US regulatory shift to add 200 billion dlrs to mortgage market (AFP via Yahoo! News) US regulators announced a plan Wednesday to allow government-sponsored mortgage titans Fannie Mae and Freddie Mac to pump an extra 200 billion dollars into the troubled housing market.read more...
Carlyle Execs in Talks to Salvage Fund The Carlyle Group's founders are talking to creditors about how to prevent liquidation of a distressed London-based affiliate invested in mortgage-backed securities, a spokesman said Tuesday. via Hampton Roads