Mortgage and Financial News From 2007-9-10
Previous Day: 2007-09-09
Return to the mortgage news archive home.
Page: 1 - 20 21 22 23 24 25 26 27 28 29
-
2nd man pleads guilty in alleged mortgage fraud scheme (Post-Bulletin)
MINNEAPOLIS -- A 27-year-old man has pleaded guilty in an alleged mortgage fraud conspiracy that may involve as many as 200 homes and $50 million in losses. Kristopher Robbins, of New Market, admitted Friday that he participated i
2007-09-09 01:27:00 -
Man pleads guilty in mortgage fraud scheme (Post-Bulletin)
MINNEAPOLIS -- A 27-year-old man has pleaded guilty in an alleged mortgage fraud conspiracy that may involve as many as 200 homes and $50 million in losses. Kristopher Robbins, of New Market, admitted Friday that he participate
2007-09-10 08:27:56 -
Payday loan issue looms for Staunton
Staunton News Leader - But if banks, mortgage companies and car dealerships can survive at competitive rates, then consumer lending companies should be able to provide services at 36 percent, he said. "We have an opportunity to do something here in Staunton that is really ...
2007-09-10 05:20:00 -
U.S. mortgage foreclosures at record
Caymen Net News - More than 100 mortgage companies have halted operations or sought buyers since the start of last year. “We’ve got a history of irrational borrowing, irrational lending, irrational homebuilding, and we now are getting an irrational market response ...
2007-09-09 09:56:00 -
Bernanke Will Cut Interest Rates Twice, Survey Shows (Update1)
Bloomberg - The sudden increase in credit costs for companies and people that followed the collapse in the subprime mortgage market pushed consumer confidence to a two- year low in August. Spending accounts for about two thirds of gross domestic product ...
2007-09-10 07:29:00 -
Countrywide shares hit 4-year low
AZCentral.com - Wasserstrom is the second-ranked analyst on mortgage-finance companies, according to Institutional Investor's 2006 annual survey. Analysts surveyed by Bloomberg expect Countrywide to earn $1.45 a share this year, $2.28 in 2008 and $4.50 in 2009 ...
2007-09-10 08:19:00 -
Fitch Comments on the Positives & Negatives of Electing REIT Status
Forbes - ... special report also focuses on the broader issue of the compatibility of the REIT structure to the business models of certain real estate companies. For example, in recent months, the credit quality of loans held for investment of certain mortgage ...
2007-09-10 07:50:00 -
Stop ugly building
Haringey Independent - ... Conservative government will once again make it easier for council tenants to buy their own home, or that RTB will be extended to housing association properties - so better make sure these properties are not ones which tenants (and mortgage companies ...
2007-09-10 04:23:00 -
Wachovia CEO Says Grabbing New Mtge Business Amid Turmoil
Beurs.nl - Other major mortgage companies, such as Washington Mutual Inc. (WM) and Countrywide Financial Corp. (CFC), have scaled back their operations. By contrast, Charlotte-based Wachovia, which last year dramatically expanded its mortgage business by ...
2007-09-10 08:05:00 -
British billionaire buys stake in Bear Stearns
CNN Money - Latest Rates Active Companies Stock Price Increases Stock Price Decreases Earnings: Reports & Estimates Hot Stocks Stock Spotlight ... Two of Bear Stearns' ( Charts , Fortune 500 ) hedge funds collapsed in July because of wrong-way bets on mortgage-backed ...
2007-09-10 06:46:00 -
Janet Yellen's Speech to the NABE
CNBC - ... get short-term funding is illiquid as well, namely, the market for asset-backed commercial paper—short-term business loans that are secured by other assets, often mortgages. With liquidity problems in the markets in which many mortgage companies ...
2007-09-10 08:05:00 -
Countrywide Cuts Foretell Loss of U.S. Mortgage Jobs (Update1)
Bloomberg - Sept. 10 (Bloomberg) -- The worst U.S. housing slump in 16 years may lead mortgage companies to eliminate almost 100,000 jobs, more than double the number already cut this year. As many as 20 percent of the nation's real estate loan officers and ...
2007-09-10 07:43:00 -
10 Indian companies eyeing UK: British diplomat (India Daily)
Ten Indian companies are trying to set up base in the UK over the next one year, a British diplomat said here today.
2007-09-10 08:48:47 -
Landlords wary of mortgage companies (BizJournals)
Silicon Valley landlords are warning real estate brokers against bringing them tenants with business links to the flagging residential real-estate industry.
2007-09-09 09:56:41 -
Countrywide Cuts Foretell Loss of U.S. Mortgage Jobs (Update1) (Bloomberg.com)
Sept. 10 (Bloomberg) -- The worst U.S. housing slump in 16 years may lead mortgage companies to eliminate almost 100,000 jobs, more than double the number already cut this year.
2007-09-10 08:04:23