Adverse credit mortgages

Adverse credit mortgages

They also had the credit record to meet lenders' standards. But they couldn't land an actual loan. ''Almost all of them want 20 percent,'' said Gladys Castillo, an administrative assistant, speaking of lenders they had approached.

Would-be home buyers find mortgages are out of reach - Miami Herald

Aug. 27 (Bloomberg) -- The crisis of confidence that sent Fannie Mae and Freddie Mac debt costs to record highs above U.S. Treasuries is also providing the mortgage-finance companies with the biggest profits on new investments since at least 1998 ...

Fannie, Freddie Post Biggest Profits on Mortgages Since 1998 - Bloomberg

Deposits for the best mortgage deals have soared by 43 per cent since the start of the credit crunch a year ago, figures show. A typical homebuyer in England and Wales now needs to stump up £37,119 as a deposit to qualify for the most competitive ...

Borrowers need £37,000 deposit for best mortgages - Times Online

Aug. 27 (Bloomberg) -- The crisis of confidence that sent Fannie Mae and Freddie Mac debt costs to record highs above U.S. Treasuries is also providing the mortgage-finance companies with the biggest profits on new investments since at least 1998 ...

Fannie, Freddie Mortgage Profit Rises With Debt Costs (Update2) - Bloomberg

PHILADELPHIA, Aug. 26 /PRNewswire-FirstCall/ -- Radian Group Inc. (NYSE: RDN) commented today on the action taken by Standard & Poor's Rating Services (S&P). S&P lowered its financial strength rating on Radian's principal mortgage insurance (MI ...

Radian Comments on Standard & Poor's Rating Action - Forbes

When the nation's politicians take the stage in Denver and St. Paul, Minn., you'll hear a lot of talk about saving the decrepit housing market, and lately that means one thing: The Federal Housing Administration. Watch your wallet. Heralded as a ...

Lending Over Backward - Forbes

Third quarter highlights; - Earnings per share (diluted) of $0.98 compared to $1.02 last year and $0.97 last quarter - Net income of $1.01 billion, versus $1.03 billion last year and $0.98 billion last quarter - Return on equity of 21.0%, compared to ...

Scotiabank earnings top $1 billion in solid third quarter - MSN MoneyCentral

Recent years have seen an increasing amount of panic relating to the worldwide financial situation. An economic downturn can have an adverse affect on many who have allowed their borrowing to run away from their ability to pay back what they owe. The ...

It’s a buyer’s market after all - Best Syndication

TORONTO, Aug. 27 /CNW/ - CIBC (CM: TSX; NYSE) announced net income of $71 million for the third quarter ended July 31, 2008, compared with net income of $835 million for the same period last year. Diluted earnings per share (EPS) were $0.11, compared ...

CIBC Announces Third Quarter 2008 Results - CNW Group

Having now become explicitly government-backed entities, Fannie Mae and Freddie Mac (and their supporters in Congress) can no longer argue that they do not pose a risk to taxpayers. It is not politically feasible for the government to back private ...