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Posts Tagged ‘loans’


Myrtle Beach area loans lumped into spiraling mortgage-backed securities

August 15th, 2010

Myrtle Beach area loans lumped into spiraling mortgage-backed securities It took fewer than six months for the loan on a condominium unit at River Oaks Golf Villas to make its way from Myrtle Beach to Wall Street, but the fallout from that ill-fated mortgage and millions more like it nationwide likely will be felt for [...]

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Mortgage rates dip below 4 pct. on 15-year loans

August 5th, 2010

Mortgage rates dip below 4 pct. on 15-year loans (AP:WASHINGTON) A plunge in mortgage rates is giving homeowners a rare opportunity to lock in a 15-year fixed-rate loan for less than 4 percent. Rates haven’t dipped this low in decades. Read more on INO News

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Wells Fargo 2Q profit rises as bad loans ease

July 22nd, 2010

Wells Fargo 2Q profit rises as bad loans ease NEW YORK — Better payment rates for mortgages, auto loans and credit cards helped lift consumer-focused Wells Fargo & Co.’s second-quarter profit by 12 percent. Wells Fargo – Business – Financial Services – Mortgage – United States Read more on Washington Post

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Flow of home loans will shrink again, says Bank

July 4th, 2010

Flow of home loans will shrink again, says Bank In a further blow to hopes that housing prices may yet avoid a “double dip”, the Bank of England has said that the supply of mortgage funding over the next three months is expected to shrink, the first such decline since the end of 2008. More [...]

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Senate votes to bar mortgage kickbacks, liar loans

May 15th, 2010

Senate votes to bar mortgage kickbacks, liar loans The Senate on Wednesday voted to end mortgage kickbacks and so-called “liar loans,” two lending practices that played a role in the meltdown of the subprime mortgage market. Read more on Reuters via Yahoo! News

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Mortgage rates on 30-year loans rise to 5.08 percent

April 5th, 2010

Mortgage rates on 30-year loans rise to 5.08 percent U.S. mortgage rates climbed to the highest level in almost three months as the Federal Reserve ended a program that helped cut borrowing costs for homebuyers. Read more on Asbury Park Press

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HK’s new mortgage loans down 10.1 pct in February

March 26th, 2010

HK’s new mortgage loans down 10.1 pct in February Hong Kong’s new mortgage loans drawn down in February dropped 1.5 percent to 17.1 billion HK dollars, while new loans approved fell 10.1 percent to 26.6 billion HK dollars, the city’s Monetary Authority said Thursday. The drop in approved new loans was due to reductions of [...]

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