Thursday, November 15, 2007

Mortgage writedowns continue at banks (AP via Yahoo! News)

WASHINGTON (MarketWatch) -- When it comes to protecting mortgage borrowers, who can do a better job, Washington or the states?
more...



HSBC mortgage takes $3.4B charge in US (AP via Yahoo! News)


HSBC Holdings PLC will take a $3.4 billion charge against third-quarter profits because of accelerating losses at its HSBC Finance Corp. mortgage business in the United States, the company said Wednesday.

Mortgage applications rise, rates near lows: group (Reuters via Yahoo! News)


Mortgage applications rose last week, with demand hitting its highest level in nearly a year as interest rates hovered near recent lows, an industry group said on Wednesday.
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GE Bond fund reports mortgage-related woes (Market Watch)


HONG KONG (MarketWatch) -- A bond fund run by General Electric Asset Management has sustained losses in mortgage and asset-backed securities and will offer investors redemption below par, according to media reports.

HSBC mortgage losses rise in US (AP via Yahoo! News)


HSBC Holdings PLC, Europe's biggest bank, reported another big hit from exposure to the U.S. mortgage crisis Wednesday and warned that bad debts could increase if the U.S. housing market weakens further.

Mortgage writedowns continue at banks (AP via Yahoo! News)


Billions of dollars in mortgage losses reported during the third quarter could be a prelude to even bigger losses in the fourth quarter, as two more financial institutions warned of substantial writedowns on Wednesday.

Tuesday, November 13, 2007

http://Mortgages Made Simple: Caps? Margins? Indices? What's it all mean?

This week we discuss Subprime Loans. What are they? Is it a good loan? We also discuss what is going with the subprime mortgage market today?




08/10/07--The long tentacles of the mortgage crisis, believe it or not...we are getting happier as we get older, and the 25 greatest cars of all time.







Mortgages Made Simple: How to choose a loan officer?


What traits should you look for in your loan officer? Experience, Integrity, should they be a mortgage broker loan officer or a bank loan officer, etc. We'll give you a brief rundown to help you secure the best loan from your loan officer.




My loan is about to adjust, should I refinance now or fix my credit? - September 30, 2007


My loan is going to reset in 2 months. Is now the time to refinance with slightly bad credit? Mortgages Made Simple logoThis week we answer a podcast listener's question. Her mortgage is about to adjust but her credit has a couple blemishes. She wondered




http://Mortgages Made Simple: Caps? Margins? Indices? What's it all mean?


What are the key components of an Adjustable Rate Mortgage? We explain what caps are, what the most common indices are, and how to use the margin to calculate your interest rate. Mortgages Made Simple logo This can be a confusing topic, but we do our best