Berkeley CSUA MOTD:Entry 45968
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2024/11/23 [General] UID:1000 Activity:popular
11/23   

2007/3/14-17 [Finance/Banking, Reference/RealEstate] UID:45968 Activity:nil
3/14    NEW delisted so fast it doesn't show up on Yahoo! Finance anymore
        http://finance.google.com/finance?q=new
        \_ Holy cow. I didn't know Google was doing a finance interface.  That
           is about the coolest thing I've ever seen.
           So what happened Feb 8? (Oh wait, they had to restate earnings)
2024/11/23 [General] UID:1000 Activity:popular
11/23   

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2013/8/29-11/7 [Finance/Banking] UID:54734 Activity:nil
8/29    Applying for a home loan now. The loan officer keeps asking why
        I wrote large amounts of check, and what they're for, and fax
        her proof to support what I said. She said loan regulations have
        tightened a lot to prevent money laundry. What is the max amount
        of money I can transfer these days without triggering annoying
        audits? I am not a terrorist.
	...
2013/5/13-7/3 [Finance/Banking] UID:54676 Activity:nil
5/13    Does FDIC ever matter? How likely is it that your deposit of
        over $250k going to be screwed over in a major US bank?
        \_ Was Washington Mutual a major bank?
        \_ Was Washington Mutual a major US bank?
        \_ Hahahahahahahahahahaha. Good one.
        \- As with nuclear weapons, this insurance produces much of its value
	...
2013/3/9-4/16 [Finance/Banking] UID:54621 Activity:nil
3/9     In a 15/30 year loan, the amount of payment stays the same but
        the payment on interest decreases while the principal increases.
        Suppose I decide to pay off a huge chunk of principal, will
        the amount of interest I need to pay decrease drastically, or
        do banks still want to take out a huge chunk of interest rate?
        \_ You don't actually have separate "interest" and "principal"; you
	...
2009/11/21-30 [Finance/Banking] UID:53538 Activity:moderate
11/21   I'm trying to figure out how much I save. Does money I contribute
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        \_ "I'm trying to figure out how healthy I am. I normally
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	...
2013/3/11-4/16 [Reference/RealEstate] UID:54622 Activity:nil
3/10    I'm trying to help my parents, in their mortgage there's an
        "escrow" amount. What exactly is this? From reading Google,
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        insurance, but they've been paying home insurance themselves.
        I'm really confused on what this fee is.
        \_ Without an escrow account, you write checks to your insurance
	...
2012/8/21-11/7 [Reference/Law, Reference/RealEstate] UID:54462 Activity:nil
8/21    I'm trying to negotiate rent renewal and my manager came
        back saying she can't do that due to Fair Housing Laws
        that states that if they adjust price for one person
        they need to adjust price for everyone else. Is this
        an actual law or some bullshit she just made up?
        \_ Probably bullshit.
	...
2012/5/25-30 [Transportation/Car/RoadHogs, Reference/RealEstate] UID:54400 Activity:nil
5/25    Sorry suburban hicks, properties in walkable cities retain
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	...
Cache (1941 bytes)
finance.google.com/finance?q=new
The Blame Game Michael Shedlock - 7 hours ago - Mish's Global Economic Trend Analysis State authorities subpoenaed UBS Securities LLC and Bear Stearns Cos. over their research analysis of lenders specializing in making loans to high-risk borrowers, including New Century Financial Corp. An Accident Waiting To Happen Ben Jones - 9 hours ago - The Housing Bubble Blog The state Division of Banks banned subprime giant New Century Financial Corp. from writing new mortgages in Massachusetts after the firm disclosed problems meeting financial obligations. com The recent news that New Century Financial Corporation, the nation's second-biggest subprime mortgage lender is about to declare bankruptcy didn't come as a great surprise to me. More Blogs Summary New Century Financial Corporation (New Century) is a real estate investment trust (REIT), and through its subsidiaries, operates one of the mortgage finance companies. The Company originates and purchases primarily first-mortgage loans worldwide. The Company focuses on lending to individuals whose borrowing needs are generally not fulfilled by traditional financial institutions because they do not satisfy the credit, documentation or other underwriting standards prescribed by conventional mortgage lenders and loan buyers. The Company originates and purchases mortgage loans through two divisions: Wholesale Division and Retail Division. In September 2005, the New Century acquired a mortgage origination platform from RBC Mortgage Company (RBC Mortgage), which expands its offerings to include conventional mortgage loans, including Alt-A mortgage loans, loans insured by the Federal Housing Administration (FHA), and loans guaranteed by the Veterans Administration (VA). Bio & Compensation - Reuters Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. Quotes are delayed 15 minutes for Nasdaq, 20 minutes for AMEX and NYSE.