Mortgage and Financial News From 2007-8-31 Page 12

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  • Expert Offers Tips For Getting A Mortgage

    CBS 11 News - Some of my contacts in the mortgage broker industry say they have not seen the credit environment this bad in their 20-plus years in the business. With the ending of the mortgage party, the bottom line is this: For many people who would have coasted ...
    2007-08-30 05:12:00
  • US STOCKS-Wall St headed higher before Bush, Bernanke

    Reuters - NEW YORK, Aug 31 (Reuters) - U.S. stocks headed for a higher open on Friday as investors drew support from news that President Bush would unveil a plan to help subprime mortgage borrowers and loosen credit conditions that have rattled financial ...
    2007-08-31 01:08:00
  • Popular, Inc. Acquires Broker-Dealer Operations of Smith Barney

    MSN MoneyCentral - ... and offices, the Corporation offers retail and commercial banking services through its franchise, Banco Popular de Puerto Rico, as well as auto and equipment leasing and financing, mortgage loans, consumer lending, investment banking, broker ...
    2007-08-30 07:57:00
  • Two mortgage-fraud cases heard in federal court

    Columbus Dispatch - McCord, a former Lewis Center mortgage broker, processed refinance applications for his company, JR Lending, and for Q3 Mortgage, where he worked as a consultant. The loans were processed online. Without the applicant's knowledge, McCord inflated an ...
    2007-08-31 10:02:00
  • Countrywide's Memo And A Broker's Outrage

    CNBC - As a mortgage broker who takes my clients and my career quite seriously I was appalled at this "message from Countrywide". If you get to the paragraph about "mortgage industry has shifted toward a retail bias" it seems Countrywide is trying to lay ...
    2007-08-30 07:07:00
  • 'Homeless' man's loan

    The Australian - A CANBERRA mortgage broker is accused of writing a $360,000 home loan to a 20-year-old man who was unemployed, dyslexic and homeless. The Australian Securities & Investments Commission yesterday began Federal Court action against mortgage broker ...
    2007-08-31 01:51:00
  • Popular, Inc. Acquires Broker-Dealer Operations of Smith Barney in Puerto Rico (PR Newswire via Yahoo! Finance)

    Popular, Inc. , the leading financial institution in Puerto Rico, announced today the signing of a definitive agreement pursuant to which Popular will acquire the operations of broker-dealer Smith Barney in Puerto Rico.
    2007-08-30 08:00:00
  • St George upgraded to Buy rating: broker (AAP via Yahoo!7 News)

    A broker has upgraded St George Bank to a 'Buy' rating because of its smaller exposure to the institutional banking sector.
    2007-08-31 01:18:11
  • Mortgage lending growth slows again (RTÉ News)

    Figures from the Central Bank show that growth in residential mortgage lending was the slowest for five and a half years in July. The annual rate of growth was 17.9%, down from 19% in June.
    2007-08-31 10:59:35
  • CMG Mortgage Honored for Marketing Excellence (Business Wire via Yahoo! Finance)

    SAN RAMON, Calif.----CMG Mortgage, a subsidiary of CMG Financial Services, was honored for the quality of its marketing efforts on behalf of its broker partners at the California Association of Mortgage Brokers annual convention in Long Beach, CA.
    2007-08-31 01:13:00
  • Colony Mortgage calling it quits over direction of the industry (The Plain Dealer)

    Twenty-two years after founding Colony Mortgage Corp., David Dillen is sick of the industry and what it's become. Dillen and co-owner Fran Zupancic are retiring early and closing the Fairview Park-based mortgage broker, Dillen said Thursday.
    2007-08-31 09:09:12
  • Dollars & Sense

    Modesto Bee - Mortgage rates slip Rates on 30-year mortgages fell this week to the lowest level in three months. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.45 percent. That was down from 6.52 percent last week ...
    2007-08-31 11:20:00
  • Credit Notebook: Bush Moves

    Wall Street Journal - But Toll Brothers Chairman and Chief Executive Robert Toll warned "mortgage-market liquidity issues and higher borrowing rates may impede some ... It was the lowest level of starts since 1.355 million in January 1997. Year-to-year, housing ...
    2007-08-31 12:11:00
  • Japan Stocks Rise to 2-Week High on Yen, U.S. Housing Aid Plan

    Bloomberg - Bush will announce measures to aid subprime mortgage borrowers. Sony Corp. posted its biggest advance since January ... The guarantees would allow borrowers to refinance at lower rates, the official said. ``With investors so worried ...
    2007-08-31 09:55:00
  • Hampton Roads likely to avoid recession over mortgage mess

    Norfolk Virginian-Pilot - The collapse of cash-strapped mortgage lenders has so worried Virginia's Joe Face and ... almost 23 percent of the ARMs outstanding will reprice at higher interest rates by ... jobless rate of 3.3 percent in July, the region was tied for the second-lowest rate ...
    2007-08-31 10:45:00