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2nd mortgage

CNN Money - NEW YORK -(Dow Jones)- Citigroup Inc. (C), under pressure following more than $20 billion in write-downs in its capital markets businesses, is scaling back its U.S. residential mortgage business to free up capital for other purposes. The move by the ...

2nd UPDATE:Citi To Scale Back Mortgage Operations To Free Up Capital

Detroit Free Press - Nearly 6% of all mortgages were delinquent nationwide in the fourth quarter and foreclosure starts were at the highest levels ever, according to a report issued this morning by the Mortgage Bankers Association. Michigan continues to rank high for ...

Michigan foreclosures rank 2nd

Reuters - The key problem is in the asset backed paper and this continues to have trouble and is probably one of the reasons for the mortgage funding problems at Thornburg etc." said Lou Brien, market strategist at DRW Trading in Chicago.

U.S. asset-back commercial paper shrinks in latest wk

Chicago Tribune - As the Realtors group released its monthly report, mortgage lenders published a more dismal housing market statistics. The Mortgage Bankers Association, said the proportion of all mortgages nationwide that fell into foreclosure shot up to a record ...

Pending home sales at second-worst number on record

Bloomberg - Mortgage Foreclosures Australia's dollar fell versus 13 of the 16 most-traded currencies after a U.S. industry report showed mortgage foreclosures surged at the end of 2007 and late payments increased to the highest in 23 years.

Australian, N.Z. Dollars Fall as Investors Reduce Carry Trades

San Jose Mercury News - Summers calls for 2nd stimulus package in 2008 ... With an estimated 15 million houses expected to be worth less than their mortgage this year, Summers said foreclosures make the ...

Summers calls for 2nd stimulus package in 2008

East Bay Business Times - OneCalifornia founders start foreclosure-prevention fund [East Bay] Noteware and Goldman add 2nd Bayview project [San ... Three months after launching a $1 million fund to help homeowners facing higher mortgage payments, OneCalifornia Bank of ...

OneCalifornia bank aims to forestall home foreclosures

Buffalo News - AP Photo Ivan Rios, a senior leader of the Revolutionary Armed Force of Colombia, FARC, is seen in La Tunia, southern ... Mortgage crisis guts Cleveland neighborhoods as it bypasses Buffalo Five people with Buffalo connections are among the world's ...

Colombia: Rebel killed by his security

Edmonton Sun - The Nasdaq composite index declined 36 points to 2,236.81 while the S&P 500 index moved 21.43 points lower to 1,312.27 as the U.S. Mortgage Bankers Association said the proportion of all mortgages nationwide that fell into foreclosure shot up to a ...

Stocks tumble on renewed credit concerns

Philadelphia Daily News - ... room hotel along with 77 condominiums - starting price $1 million - on the site, bordered by Pine, Lombard, Front and 2nd ... They're the mortgage company." A Society Hill Civic Association board vote last week on whether to support the project ended in ...

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