California Earthquake Would Accelerate US Mortgage Meltdown Reveals Aon Benfield Study
In light of current economic conditions, a major catastrophe such as an earthquake in California would bring new misery to both US and international financiers, according to an analysis released today by Impact Forecasting LLC, a division of Aon Benfield, the world's premier reinsurance intermediary and capital advisor.
Read more News Source - PR Newswire via Yahoo! Finance
Publish date - 21:48:18 01/05/09

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General Growth Settles Suit Over California Mall For $48 Mln
General Growth Settles Suit Over California Mall For $48 Mln
Read more News Source - Fox News
Publish date - 10:24:14 01/06/09

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Mortgage Rates Hover Around 5.00%
Year Rate Now at 4.98%, According to Zillow® Mortgage Rate Monitor
Read more News Source - PR Newswire via Yahoo! Finance
Publish date - 13:04:04 01/06/09

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Business briefings
NINE-MONTH REPORT State's credit unions show '08 lending growth California credit unions grew their mortgage lending activity by 12 percent during the first nine months of 2008 as other struggling lenders tightened credit, the California Credit Union League said in a report Monday. A full report for 2008 won't be available until February. But league officials touted the ...
Read more News Source - The Sacramento Bee
Publish date - 08:08:44 01/06/09

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Mortgage crisis here may be worse than reported
Dorothy Gary never lost her home, but the senior citizen's oversized 24 percent mortgage rate brought her awfully, awfully close.
Read more News Source - The Buffalo News
Publish date - 13:33:39 01/05/09

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The best moves in mortgages in 2009
2008 was the year of foreclosures. 2009 will be the year of refinances and mortgage modifications.
Read more News Source - Bankrate.com via Yahoo! Finance
Publish date - 13:47:47 01/06/09

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BUSINESS HIGHLIGHTS
The Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market.
Read more News Source - The Salt Lake Tribune
Publish date - 01:42:58 01/06/09

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In industry fraught with fraud, loan modifier offers real help
After Eric Quinn, 27, was late on a mortgage payment for his home in Broomfield, he was hounded by companies, many from California, which, for a large fee, said they would lower his monthly payment.
Read more News Source - Rocky Mountain News
Publish date - 06:48:54 01/02/09

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Anti-deficiency laws tied to high defaults
Mortgage law experts say the incentive to walk away from a home loan is highest in states that have anti-deficiency statutes, which prohibit lenders from suing borrowers for additional funds after foreclosure.
Read more News Source - Fort Wayne Journal Gazette
Publish date - 08:20:51 01/04/09

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Mortgage crisis spurs tougher rules
INDIANAPOLIS — Becoming a mortgage broker in Indiana used to be easy. Too easy. There were no background checks to weed out people convicted of financial crimes, no tests to see whether brokers actually took required classes and understood the complex mortgage world.
Read more News Source - Bedford Times-Mail
Publish date - 15:58:07 01/03/09

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