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11/13/2008 News For:

Bad Credit Mortgage Loan

Cibil to launch loan scores, mortgage repositories  Credit Information Bureau India Limited, will soon offer products like personal loan scores, fraud repository and mortgage repository by the end of next fiscal.

Mortgage Bonds Fall to New Lows as Paulson Scraps U.S. Buying  Nov. 12 -- U.S. home-loan bonds without federal backing fell to new lows after Treasury Secretary Henry Paulson said the government no longer plans to buy devalued mortgage assets, credit-default swap indexes suggest.

Mortgage Bonds Fall to New Lows as Paulson Scraps U.S. Buying  Nov. 12 -- U.S. home-loan bonds without government backing fell to new lows after Treasury Secretary Henry Paulson said the nation no longer plans to buy devalued mortgage assets, credit-default swap indexes suggest.

Mortgage Bonds Fall to New Lows as Paulson Scraps U.S. Buying  Nov. 12 -- Residential and commercial-mortgage backed bonds tumbled after Treasury Secretary Henry Paulson said the government no longer plans to buy devalued mortgage assets, credit-default swap indexes suggest.

Commonwealth Says Bad Debts Rise, Cites Lehman, Allco (Update3)  Nov. 13 -- Commonwealth Bank of Australia , the nation's biggest mortgage lender, said bad debts may double this year, citing lending to companies including Lehman Brothers Holdings Inc. and Allco Finance Group Ltd.

Fitch Affirms Credit Suisse Commercial Mortgage Trust 2007-C5; Assigns Outlooks   CHICAGO----Fitch Ratings has affirmed all classes of notes for Credit Suisse Commercial Mortgage Trust's commercial mortgage pass-through certificates, series 2007-C5, and assigned Rating Outlooks as outlined below:

US shifts rescue away from buying toxic mortgage assets   US authorities shifted the focus of a massive financial rescue plan, scrapping plans to buy up toxic mortgage assets and calling for help in restoring credit outside the banking sector.

Ottawa triples mortgage purchases to boost credit   The federal government will triple the amount of insured mortgages it will buy from banks as part of measures it announced on Wednesday to improve the availability of long-term credit.

Canada triples mortgage purchases to boost credit   The Canadian government will triple the amount of insured mortgages it will buy from banks as part of measures it announced on Wednesday to improve the availability of long-term credit.

Loan program aims to curb foreclosures  As losses from bad loans continue to mount despite more than a year of government and industry focus, some of the giants of the mortgage industry, including Fannie Mae and Freddie Mac, yesterday unveiled another stepped-up effort to keep delinquent borrowers out of foreclosure.