4 Articles match "Lending","Maine","Number of"

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Wachovia Changes The Lending Game
Wachovia Changes The Lending Game By Peter G. Miller     With assets of more than $800 billion, Wachovia is the nation’s fourth-largest banking institution . By every measure Wachovia is an important part of the lending community, so when it does something new or different in the mortgage arena the impact can be significant. Like many lenders, Wachovia has announced that it’s getting out of the option-ARM business, what it calls Pick-A-Pay mortgages. More significantly — and unlike Wachovia’s competitors
www.realtytrac.com - Tuesday, February 3, 2009
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Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
Million Foreclosures
www.realtytrac.com - Tuesday, February 3, 2009
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Will Main Street Sink Wall Street?
Mounting mortgage defaults by American homeowners with shaky credit have claimed their first Wall Street casualty, as investment banking giant Bear Stearns shuffled the leadership of its asset-management division and lost billions in the risky hedge fund market last month. The meltdown of the two funds has sent tremors through financial markets, causing investors to reassess their appetite for this type of risk. Two Bear Stearns hedge funds that invested heavily in subprime mortgage securities racked up huge losses last month after they made bad bets on complex securities backed by risky mortgages.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Will Main Street Sink Wall Street?
    Mounting mortgage defaults by American homeowners with shaky credit have claimed their first Wall Street casualty, as investment banking giant Bear Stearns shuffled the leadership of its asset-management division and lost billions in the risky hedge fund market last month. The meltdown of the two funds has sent tremors through financial markets, causing investors to reassess their appetite for this type of risk. Two Bear Stearns hedge funds that invested heavily in subprime mortgage securities racked up huge losses last month after they made bad bets on complex securities backed by risky mortgages.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Wachovia Changes The Lending Game
    Wachovia Changes The Lending Game By Peter G. Miller     With assets of more than $800 billion, Wachovia is the nation’s fourth-largest banking institution . By every measure Wachovia is an important part of the lending community, so when it does something new or different in the mortgage arena the impact can be significant. Like many lenders, Wachovia has announced that it’s getting out of the option-ARM business, what it calls Pick-A-Pay mortgages. More significantly — and unlike Wachovia’s competitors
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
    Million Foreclosures
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • What's Causing the Credit Crunch?
    Wall Street analysts, main street investors, corporate executives and government bureaucrats all disagree on which mortgage company will be the next to trip and fall into bankruptcy. Skyrocketing foreclosure filings on subprime loans, those made to borrowers with poor credit, have caused huge losses for Wall Street hedge funds and other buyers of securities backed by those mortgages. Meanwhile, A lively debate is ensuing as to why the mortgage industry is unraveling and who’s to blame for the growing credit crunch that is sabotaging the housing industry. But they all agree on one
    www.foreclosurepulse.com - Tuesday, December 16, 2008
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