400,000 Former Countrywide Customers May Get Help

10/6/2008

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Countrywide Customers to Get Foreclosure Assistance   Mon, 6 Oct 2008 08:38:56 EST In a sweeping deal that could be worth more than $8.4 billion, Bank of America Corp. has agreed to settle claims brought by state Attorneys General regarding certain risky loans originated by Countrywide Financial Corp.? The move will diffuse some of the legal problems Bank of America inherited with its purchase of Countrywide Financial Corporation last July. The new program will involve the creation of a proactive home retention solutions expected to affect nearly 400,000 former Countrywide customers. Read Full Story Email This Story To A Friend   TODAY'S VIDEO NEWS Bookmark this page or subscribe to our video RSS Feed and visit daily for breaking Mortgage and Real Estate related news. More Financial Institutions to Fail CNBC Videos 10/6/2008 6:01:23 AM Financial professionals questioned in a survey on September 15 predicted more financial institutions would fail, and that governments would be required to intervene, as well as an increase in regulations. James Bateson from Norton Rose discusses. Second Home to Wall Street CNBC Videos 10/6/2008 7:15:48 AM A look at the housing sales in Darien, CT, home of the highest percentage rate of financial services workers in the country, with CNBC's Rebecca Jarvis NYC: 1977 vs 2008 CNBC Videos 10/6/2008 8:55:27 AM A look at what has changed since the last economic crisis in New York City, with Ed Koch, former NYC mayor Point Man on the Rescue Plan CNBC Videos 10/6/2008 9:11:06 AM So far there has not been any relief after the passage of the U.S. rescue plan, with Anthony Ryan, Treasury Department assistant secretary, financial markets   Please send any feedback or suggestions directly to our editor at info@MortgageNewsDaily.com. To UNSUBSCRIBE login to our Members Area and use the Unsubscribe Feature. Your User Name is your Email Address. If you forgot your Password use our 'Forgot Password' feature. DO NOT REPLY TO THIS EMAIL.

An Eye Opening Look at Foreclosure Alley

10/3/2008

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The Sad Reality Foreclosure Alley   Fri, 3 Oct 2008 07:15:43 EST "Trash-Outs" and painting brown grass green, an eye opening look at one area hard hit by this crisis: Read Full Story Email This Story To A Friend   TODAY'S VIDEO NEWS Bookmark this page or subscribe to our video RSS Feed and visit daily for breaking Mortgage and Real Estate related news. The Sad Reality Foreclosure Alley SoCal Connected Oct 3, 2008. 6:00 AM EST An eye opening look at one area hard hit by this crisis. Big Apple Real Estate Squeeze CNBC Videos 10/3/2008 7:16:36 AM The number of residential sales in Manhattan fell 24% in the third quarter compared to last year, with Jonathan Miller, Miller Samuel CEO Wells Fargo to Buy Wachovia CNBC Videos 10/3/2008 8:44:12 AM The possible deal puts pressure on Citi shares, reports CNBC's David Faber Crisis at the Car Lot CNBC Videos 10/3/2008 9:18:42 AM The auto industry faces serious problems as the financial crisis worsens, with Mike Jackson, AutoNation chairman/CEO Libor Problem Remains Confusing CNBC Videos 10/3/2008 6:22:33 AM The CBOE Volatility Index traded at record highs this week as markets endure turbulent trading. Laura Smith from Mako Financial Markets discusses the increase in buying of December options contracts, despite the high Libor rates. House Takes Up Bailout Today CNBC Videos 10/3/2008 8:17:08 AM Whether Congress will pass the bill today, with Rep. Christopher Shays, R-CT   Please send any feedback or suggestions directly to our editor at info@MortgageNewsDaily.com. To UNSUBSCRIBE login to our Members Area and use the Unsubscribe Feature. Your User Name is your Email Address. If you forgot your Password use our 'Forgot Password' feature. DO NOT REPLY TO THIS EMAIL.

State Regulator's Group Finds Loan Mitigation Efforts "Disappointing"

10/2/2008

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State Regulator's Group Finds Loan Mitigation Efforts "Disappointing"   Thu, 2 Oct 2008 06:18:58 EST The third quarterly report of the State Foreclosure Prevention Working Group was issued on Monday by the Conference of State Bank Supervisors (CSBS.)? The group was established to assess the performance of the servicers in working to mitigate foreclosures. The working group found that new efforts to prevent foreclosures are on the decline, in spite of a temporary increase in loan modifications in the 2nd Quarter of 2008.?? The number of homeowners working toward a loan modification has fallen to the lowest level since late in 2007. This 28% decline of loan modifications... Read Full Story Email This Story To A Friend   TODAY'S VIDEO NEWS Bookmark this page or subscribe to our video RSS Feed and visit daily for breaking Mortgage and Real Estate related news. Rescue Details & the Fed CNBC Videos 10/2/2008 8:46:10 AM Discussing the bailout add ons and when the Fed will step in and reduce the overnight lending rate, with CNBC's Steve Liesman & Dick Armey, FreedomWorks Paulson, Reid & McConnell Speak CNBC Videos 10/1/2008 10:33:14 PM A statement from Treasury Secretary Hank Paulson, with CNBC's Rebecca Jarvis, followed by a press conference with Sen. Majority Leader Harry Reid (D-NV) and Sen. Mitch McConnell (R-KY); Sen. Judd Gregg (R-NH); Sen. Chris Dodd (D-CT). A Repeat of the "Great Depression"? CNBC Videos 10/2/2008 4:13:33 AM It is possible that we could see a repeat of the 'Great Depression', opines Ilian Mihov, professor of economics at INSEAD. He tells Dariusz Kowalczyk, chief investment strategist at CFC Seymour & CNBC's Amanda Drury why. Rescue Package Passes Senate CNBC Videos 10/2/2008 6:45:30 AM A reaction to the bailout, with Brian Gardner, KBW Washington research analyst Fending Off Foreclosures CNBC Videos 10/2/2008 8:10:39 AM The government's new plan aimed at helping homeowners avoid foreclosure, with Steve Preston, HUD secretary   Please send any feedback or suggestions directly to our editor at info@MortgageNewsDaily.com. To UNSUBSCRIBE login to our Members Area and use the Unsubscribe Feature. Your User Name is your Email Address. If you forgot your Password use our 'Forgot Password' feature. DO NOT REPLY TO THIS EMAIL.

Call for FDIC Increase Well-Received

10/1/2008

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Call for FDIC Increase Aimed at Reassuring Bank Customers   Wed, 1 Oct 2008 06:18:49 EST It seems miraculous, but on Tuesday when Senator Barack Obama called for an increase in federal deposit insurance deposit levels, no one disagreed with him. In fact the other major party political candidate Senator John McCain reiterated the need for an increase, even crediting Obama for the idea, as did President Bush. In the late afternoon Federal Deposit Insurance Corporation (FDIC) chairperson Sheila Bair also called for the increase. Read Full Story Email This Story To A Friend   TODAY'S VIDEO NEWS Bookmark this page or subscribe to our video RSS Feed and visit daily for breaking Mortgage and Real Estate related news. Bailout and the Home Builders CNBC Videos 10/1/2008 8:51:25 AM A look at the future of the bailout and housing, with Ara Hovnanian, Hovnanian Enterprises president/CEO Senate to Vote on Bailout CNBC Videos 10/1/2008 9:22:53 AM A preview of what to expect from the Senate vote today, with Sen. Bob Corker, R-TN Nobel Laureate Solution CNBC Videos 10/1/2008 6:48:09 AM Understanding the financial crisis and identifying the best solutions, with Joseph Stiglitz, Nobel Prize Winner/Columbia University professor The Imploding Financial Crisis CNBC Videos 10/1/2008 7:28:23 AM Two years ago, the urge to merge for financials was a strategic move and not a necessary one, with John Kanas, WL Ross & Co. senior advisor The Bailout Latest CNBC Videos 10/1/2008 7:36:15 AM The Senate is expected to vote on a rescue package today, reports CNBC's John Harwood   Please send any feedback or suggestions directly to our editor at info@MortgageNewsDaily.com. To UNSUBSCRIBE login to our Members Area and use the Unsubscribe Feature. Your User Name is your Email Address. If you forgot your Password use our 'Forgot Password' feature. DO NOT REPLY TO THIS EMAIL.