Mortgage and Financial News From 2007-9-20 Page 29
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UK mortgage approvals remain muted, higher rates encouraging savers ...
CNBC - LONDON (Thomson Financial) - UK mortgage lending remained muted during August, while the rise in interest rates caused the highest level of building society receipts since April 2005, according to figures from the Building Societies' Association. In ...
2007-09-20 01:34:00 -
CCB warns against rising mortgage risks (China Daily)
Default rates are getting higher on personal housing mortgage loans in China, according to a report released by the China Construction Bank (CCB), although it stressed the country now does not have a typical subprime loan market.
2007-09-20 12:43:16 -
UK mortgage approvals remain muted, higher rates encouraging savers - BSA (Sharewatch)
LONDON (Thomson Financial) - UK mortgage lending remained muted during August, while the rise in interest rates caused the highest level of building society receipts since April 2005, according to figures from the Building Societies' Association.
2007-09-20 01:30:43 -
Mortgage rates won't fall soon (Newsday)
Don't expect mortgage rates to fall now that the Federal Reserve has cut interest rates, though they may drift downward over time.
2007-09-19 06:47:00 -
Dillon Read (12): Hamilton Securities Group
Scoop - This is the type of mortgage fraud that launders profits in a way that can multiply them by many times. Los Angeles was also the area with the largest flow of activities in the Department of Justice’s Asset Forfeiture Fund. Whether drug arrests and ...
2007-09-19 08:19:00 -
Prosecutors charge O.J. Simpson and three others
CNN - The 11 charges include two counts of first-degree kidnapping with use of a deadly weapon; two counts of robbery with a ... Tasered at campus forum 8 White Stripes cancel 2007 dates 9 No stopping wedding, sister says 10 Homeowner uncovers mortgage fraud
2007-09-18 04:31:00 -
U.S. Consumer prices fell 0.1% last month
St. Petersburg Times - John Zavodny of Holiday is facing up to 10 years in prison after pleading guilty to charges of securities fraud and sale of unregistered securities. Zavodny owned Mortgage Income Trust, which sold $9-million worth of promissory notes, primarily to ...
2007-09-19 10:06:00 -
Mayor Launches Mortgage Fraud Task Force
Click10.com - MIAMI -- Miami-Dade County Mayor Carlos Alvarez is launching a task force to combat the growing number of mortgage fraud reports in the county. The mayor's office is gathering a group of experts in their respective fields who will comprise the ...
2007-09-19 08:44:00 -
Mayor Launches Mortgage Fraud Task Force (WPLG Click10.com via Yahoo! News)
Miami-Dade County Mayor Carlos Alvarez is launching a task force to combat the growing number of mortgage fraud reports in the county.
2007-09-19 07:31:21 -
Lone Star Buys Accredited, Finally
Forbes - Other mortgage companies traded higher Wednesday. Shares of Doral Financial (nyse: DRL - news - people ) jumped 23.7%, or $6.20, to $32.35; shares of Countrywide Financial (nyse: CFC - news - people ) (nyse: CFC - ...
2007-09-19 02:28:00 -
L.A Companies Gain on Mortgage Data
Los Angeles Business Journal - Shares in local lenders, real estate brokers and homebuilders continued to gain Wednesday after a report showed increased mortgage activity. Shares in many local companies surged Tuesday afternoon following action by the Fed, which slashed a key ...
2007-09-19 05:55:00 -
Mortgage company celebrates its new location
Lafayette Journal and Courier - At a time when some lending companies are experiencing problems with the summer credit crisis, the folks at Marathon Mortgage celebrated opening their offices in a new Lafayette location Wednesday. "This is kind of a crazy time to open a mortgage ...
2007-09-19 10:35:00 -
National City sees third-quarter mortgage loss around $160-million
Globe and Mail - The Cleveland-based company is making fewer loans it cannot sell to mortgage companies Fannie Mae and Freddie Mac , has suspended the issuance of home equity loans through brokers, and in August merged its home equity unit into its main mortgage unit ...
2007-09-16 05:59:00 -
Ripple effect: Sales dip for yellow-pages titan
Raleigh News & Observer - New accounts and renewal of existing accounts also are "a little bit" off in major metro markets, he said. The drop goes beyond mortgage companies and real estate brokers, Donnelley spokesman Tyler Gronbach said. Businesses that rely on the housing ...
2007-09-19 11:46:00 -
AP Business NewsBrief at 1:04 a.m. EDT
CNBC - WASHINGTON (AP) _ Shifting course, Treasury Secretary Henry Paulson planned to tell Congress that the Bush administration would consider allowing the big mortgage companies Fannie Mae and Freddie Mac to temporarily buy, bundle and sell as securities ...
2007-09-19 10:06:00