Mortgage and Financial News From 2007-9-10 Page 01
Previous Day: 2007-09-09
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Panel Sends Recommendations To Cut Foreclosures On To Lawmakers
Ohio News Now - COLUMBUS, Ohio (AP) - The state Foreclosure Prevention Task Force says mortgage lenders should be more flexible in restructuring loan agreements with delinquent homeowners, and the state should help pay for financial counseling services. The task ...
2007-09-10 04:47:00 -
Bank Shares Rise on Thornburg's Plan to Buy Mortgage Bonds; JPMorgan ...
Stockhouse Canada - Sept. 10 (Bloomberg) -- Bank shares rallied on speculation financing for mortgage lenders won't dry up, sending the Dow Jones Industrial Average to its biggest gain in a week. JPMorgan Chase & Co., American Express Co. and Citigroup Inc. helped the ...
2007-09-10 01:34:00 -
PRESS DIGEST - Washington Post Business - Sept 11
Reuters - And the subprime mortgage mess is no exception. A consortium of investors is going after the collapsed Bear Stearns hedge funds. Home buyers, shareholders and investment banks have filed suits against more than a dozen mortgage lenders. --- ...
2007-09-10 09:05:00 -
Ohio: Foreclosure panel issues report
CNBC - COLUMBUS, Ohio (AP) - Mortgage lenders should be urged to be more flexible in restructuring loan agreements with delinquent homeowners and state money should be used to bolster financial counseling services, according to a final report adopted Monday ...
2007-09-10 01:48:00 -
The Mortgage Mess: Unscrupulous Lenders, Unsuspecting Borrowers
ABC News - Record foreclosures by homeowners. A growing number of lender bankruptcies. As the casualties from the mortgage mess multiply, so have the crackdowns against a loosely regulated mortgage industry. "As we turn over the rocks, what we see are more and ...
2007-09-10 04:33:00 -
Credit Crisis Hits U.K. Lender
Wall Street Journal - British subprime specialist Victoria Mortgages became the latest victim of the credit crisis yesterday. The lender said it had gone into administration and was no longer funding new loans after its costs escalated. Like many other mortgage lenders in ...
2007-09-10 07:18:00 -
Sector Glance: Mortgage Lenders Mixed
MSN MoneyCentral - Fremont General Corp ( FMT ) Stock Quote , Chart , News , Add to Watchlist NEW YORK (AP) - Shares of mortgage lenders were mixed Monday as Countrywide Financial Corp.'s stock continued to be weighed down on news of job cuts, while other stocks ...
2007-09-10 01:56:00 -
Mortgage Mess: 'What Am I Going to Do?' (ABC News)
Victims struggle to keep their homes after lenders leave them in financial jam.
2007-09-10 06:27:47 -
Titan Lenders Corp. Enters Strategic Alliance With IDS, Inc. (Business Wire via Yahoo! Finance)
DENVER----Titan Lenders Corp., a mortgage back office fulfillment services provider specializing in closing, funding, and post closing services has added idsDoc, a web-based document preparation system that provides closing and initial documents, as an integrated service provider to its outsource services.
2007-09-10 07:33:00 -
Mortgage Mess Unleashes Chain Of Lawsuits (Washington Post)
When something goes badly on Wall Street, people wind up in court. And the subprime mortgage mess is no exception.
2007-09-10 08:07:05 -
Bank execs eye mortgage growth (The Charlotte Observer)
Charlotte's big banks, Wachovia Corp. and Bank of America Corp., on Monday said they're looking to pick up market share in the mortgage business as other lenders disappear or slim their product offerings. "Wachovia is well-positioned to benefit from the turmoil that exists in today's mortgage market," Wachovia Chief Executive Ken Thompson said at the Lehman Brothers Financial Services conference ...
2007-09-10 11:50:29 -
U.S. Stocks Advance on Thornburg's Plan to Buy Mortgage Bonds (Bloomberg.com)
Sept. 10 (Bloomberg) -- Bank shares rallied on speculation financing for mortgage lenders won't dry up, sending the Dow Jones Industrial Average to its biggest gain in a week.
2007-09-10 01:07:14 -
Mortgage lenders’ losses are Wachovia’s gain, CEO says (The State)
Wachovia Corp. is grabbing more mortgage business as a result of the recent shakeout in the industry, chief executive Ken Thompson said Monday. Five of the top 40 mortgage lenders, responsible for more than 9 percent of last year’s mortgage production, have gone out of business, according to Thompson. Other major mortgage companies, such as Washington Mutual Inc. and Countrywide Financial Corp., ...
2007-09-10 09:31:06 -
FOREX-Dollar slips to 15-year lows on rate cut outlook
Reuters - NEW YORK, Sept 10 (Reuters) - The dollar hit a 15-year low against a basket of currencies on Monday as investors braced for the Federal Reserve to slash interest rates next week to stimulate a U.S. economy showing signs of fatigue. Euro-zone interest ...
2007-09-10 01:48:00 -
Trichet sees Europe growth around potential
Reuters UK - The comments echoed a series of remarks by Trichet in recent days after the ECB left its interest rate unchanged on September 6. In a news conference following the interest rate decision, Trichet also said the level of uncertainty was "augmented". ...
2007-09-10 09:19:00
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