Mortgage and Financial News From 2007-9-10 Page 5

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  • Business Comment: Current market crisis is Alan Greenspan's legacy

    Daily Telegraph - There is a temptation to assume that the current problems in the world's financial markets are merely the reflection of the impact that higher interest rates and slower growth in the US have had on the sub-prime market (and associated financial ...
    2007-09-10 02:31:00

  • Fed official: Consumer interest-rate key (UPI)

    U.S. consumer health will be key to the Federal Reserve's upcoming decision on interest rates, a Federal Reserve official said Monday.
    2007-09-10 10:39:47

  • Credit Agricole, Lukoil Battered Into Cheapest Stocks (Update1)

    Bloomberg - Credit Agricole SA, France's second-largest lender, trades at a 19 percent discount to Citigroup Inc., the world's biggest ... time highs in July after late payments on U.S. subprime mortgages drove foreclosures to a record, according to the Mortgage ...
    2007-09-10 07:29:00

  • Area home sales drop 17 percent

    Baltimore Sun - And American Home Mortgage Investment Corp., the nation's 10th-biggest home lender, filed for bankruptcy-law protection last month. It laid off several hundred employees in Maryland and thousands more across the country. Slower sales in the ...
    2007-09-09 05:53:00

  • UK sub-prime lender Victoria goes into administration

    Herald - Rival mortgage lender GMAC RFC has offered to review Victoria customers' potential completions for home purchase transactions due in the next three days with a view to providing these borrowers with a mortgage loan. Partners from KPMG have been ...
    2007-09-10 02:24:00

  • A small company rises, falls with American Home Mortgage

    Newsday - Kevin Chin was happy to go out of his way for American Home Mortgage. When the company changed its invoicing policy, he stayed up ... And when the lender fell apart, she said, "we took a tremendous beating -- we pretty much lost everything." The companies ...
    2007-09-10 03:50:00

  • UPDATE 2-UK subprime lender Victoria goes into administration

    Reuters - The regulator said GMAC-RFC, Britain's largest subprime mortgage lender, had offered to review potential completions for home purchase deals due in the coming days, with a view to providing borrowers with a mortgage loan. Backed by U.S. venture ...
    2007-09-10 10:21:00

  • Fed Comments Hit Home

    Forbes - Unsurprisingly, homebuilders were down across the board, with one of the biggest losers being KB Home (nyse: KBH - news - people ), down 95 cents, or 3.4%, to $26.99. Mortgage lender Countrywide Financial (nyse: CFC - news ...
    2007-09-10 01:48:00

  • Too close to home

    BBC Brasil - The collapse of a small mortgage lender, Victoria Mortgages, may seem neither here nor there in the scale of things. The City watchdog, the Financial Services Authority, has tried to play down the significance of Victoria’s passing. And in one ...
    2007-09-10 10:42:00

  • Countrywide Among Wall Street Big Movers

    US News and World Report - NEW YORK (AP) -- Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market: The mortgage lender said late Friday that over the next three months, it will eliminate 10,000 to 12,000 jobs ...
    2007-09-10 07:11:00

  • British subprime lender Victoria folds

    Boston Globe - The FSA added that mortgage lender GMAC-RFC had offered to review potential completions for home purchase transactions due in the next three days, with a view to providing borrowers with a mortgage loan. Victoria Mortgages launched two years ago, with ...
    2007-09-10 03:21:00

  • UPDATE: UK Subprime Lender Victoria Goes Into Administration (Nasdaq)

    LONDON -(Dow Jones)- U.K. subprime mortgage lender Victoria Mortgage Funding Ltd. on Monday went into administration after funding was withdrawn.
    2007-09-10 11:10:52

  • British Subprime Lender Victoria Folds (AP via Yahoo! Finance)

    British subprime mortgage lender Victoria Mortgage Funding Ltd. on Monday went into administration after funding was withdrawn.
    2007-09-10 02:48:46

  • A small company rises, falls with American Home Mortgage (Newsday)

    Kevin Chin was happy to go out of his way for American Home Mortgage.
    2007-09-10 04:05:13

  • Irwin Home Equity Selects Lender E-Source for Guideline Management (Business Wire via Yahoo! Finance)

    VISTA, Calif.----Lender E-Source, which provides loan guidelines and automated loan pricing to mortgage professionals, announced that San Ramon, Calif.-based Irwin Home Equity , a subsidiary of Irwin Union Bank and Trust Company has implemented Lender E-Source's guideline management systems, Loan Library and Electronic Loan Finder , to expedite loan product searches and guideline management.
    2007-09-10 05:30:00

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