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types of mortgagesNewark Star-Ledger - At one time, there were basically two types of mortgages: fixed-rate and adjustable. And they were available only to consumers with good credit who could prove steady income. Read more
From simple to complex to calamitousBloomberg - Those types of loans accounted for about 7 percent of all mortgages. To contact the reporter on this story: Robert Schmidt in Washington at rschmidt5@bloomberg.net ; David Mildenberg in Charlotte at dmildenberg@bloomberg.net Read more
Countrywide Is Probed by FBI for Possible Fraud, Person SaysCNBC - He compared the idea to something called Operation Twist in the 1960s, where the Fed sold Treasurys and bought mortgages. ... The housing market cannot be supported with those types of yields. The Fed needs in effect to buy the mortgage market and ... Read more
Pimco's Gross: Fed Should Buy MortgagesInternational Herald Tribune - Then she spotted a TV commercial advertising across-the-border mortgages to people living in the U.S. ... have long been underserved by U.S. banks, most of which require a Social Security number for loans and other types of credit Read more
More immigrants seek cross-border mortgages to buy real estate in ... Forbes - As delinquencies and defaults across certain types of mortgages have risen, investors have shied away from purchasing nearly all types of loans in the secondary market. Read more
Thornburg to Restate EarningsBaltimore Sun - ... Oversight tracks repeat transactions of the same single-family houses to avoid the skewing that happens when the types of ... OFHEO also tracks only those loans purchased by Fannie and Freddie, which cuts out mortgages of more than $417,000 and almost ... Read more
Md. home prices dip in 4QWall Street Journal - The latest increases affected almost all loan types, but were most pronounced for subprime, adjustable-rate mortgages. One out of five of those riskier loans were past due in the fourth quarter, while an additional 13% were in foreclosure. Read more
Housing, Bank Troubles DeepenNews.com.au - The New York-based banking group said it would no longer offer certain types of riskier mortgage loans and that it was ... Executives said Citigroup would no longer market certain mortgages, including loans for some investment properties and subprime ... Read more
Citigroup overhauls mortgage businessGalveston County Daily News - Tightening credit markets are shaking out some types of investors, those who buy during construction with intention of ... immune to the mortgage market meltdown, which began with high default rates on subprime and other adjustable-rate mortgages ... Read more
Emerald opens; high-rises buck housing slumpMarketwatch - Some types of agency mortgage securities traded at yields that were a full three percentage points above Treasury-bond ... De-leveraging rolls across markets, hitting 'safer' mortgages - MarketWatch Read more
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