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Equity Mortgage Bringing you the latest Equity Mortgage news and resources from around the world.
Using the selection of topics on the left, you are able to navigate the website to find news and resources for the topics that are of interest to you. If there are any topics not included here, which you would like to see featured. Please contact us and we will endeavour to accommodate your request. Equity MortgageCNN Money - Carlyle Capital couldn't meet those calls in large part because it was using leverage of about 32 times its equity. This means that, when its massive mortgage bond portfolio lost just 3% of its value, its wafer-thin equity position weakened ... Read More Private equity shops feel Blackstone's painCNBC - NEW YORK, March 10, 2008 /PRNewswire-FirstCall via COMTEX/ -- MFA Mortgage Investments, Inc. (NYSE: MFA) announced today an adjustment in its balance sheet strategy. While we have consistently maintained an assets-to-equity multiple of approximately ... Read More MFA Mortgage Investments, Inc. Announces Reduction in Leverage Through ...BusinessWeek - ... fell 14% on a Wall Street Journal report that said the company is facing an FBI inquiry into whether executives at the giant mortgage lender misrepresented the firm's financial position and the quality of its mortgage loans in filings. Private-equity ... Read More Stocks Fall on Bank FearsForbes - Moody's downgraded a bunch of its mortgage deals with another bundle of its notes on the block and consequently its costs to insure credit default swaps surged. Read More Bear Growls: 'Rumors Are False'CNBC - A write-down on its investment in Financial Guaranty Insurance, and other credit issues, caused the private equity firm to swing to a loss. Thornburg Mortgage Inc., down 98 cents at 81 cents Read More Nemo Loans Equity Mortgage Ben Stafford, director of policy at the AMI, said: "This is a regulated market now and any firms that inflate income or don't put the proper procedures in place could face exposure and action from the FSA. It's fraud at the end of the day." The investigation underscores a warning delivered by the FSA in May, when it told chief executives of mortgage lenders to improve the information they gave consumers about home loans. The FSA is also conducting a review of small firms in the sub-prime market is planned for next year. The FSA is also conducting a review of small mortgage firms' activities in the self-certified market, where borrowers certify their own incomes, and will publish its findings this autumn. The FSA assumed oversight of mortgage regulation since October at the request of the government. The mortgage industry has about 2.75m consumers each year and the property market is worth about £3,000bn. Andy Watson, head of the FSA's mortgages and credit union department, said: "Where we find examples of possible inflation of incomes, we will make further inquiries which may lead to referrals to enforcement." "It is difficult to establish the level of consumer detriment or potential mis-selling as many of the failings related to poor record-keeping and brokers could provide more detail when challenged, but we will be looking for better evidence of compliance with our requirements," said Mr Watson. The investigation underscores a warning delivered
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