Mortgage and Financial News From 2007-9-8 Page 8
Previous Day: 2007-09-07
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How to find a lender that fits your terms
National Post - Mortgage broker vs. DIY route Mort-gage brokers used to be regarded as the "lender of last resort" for people who had trouble getting a mortgage with the bank. "But that's not the case any more," says Jim Murphy, president and CEO of the Canadian ...
2007-09-08 07:46:00 -
El Paso's home mortgage applications drop by half
El Paso Times - Pioneer Bank had fewer than 10 subprime loans last year, which it brokered out to other lenders, she said. Leslie Bergen, vice president of Mortgage Works, an El Paso mortgage broker, said the bad national news has a lot of people "spooked," but "the ...
2007-09-08 10:52:00 -
Mortgage Crisis, Job Loss...Recession?
ABC News - The job loss represents the first monthly decline in four years -- prompting speculation that we're headed for a serious economic slowdown, or even a recession. For Jim Dell'Anno, who lost his job as a mortgage broker, the news is nothing new. Like ...
2007-09-08 11:42:00 -
Mortgage Crisis, Job Loss...Recession? (ABC News)
The news seems to be getting worse. Are we headed for an economic recession?
2007-09-08 11:57:57 -
Mergers in mortgages (San Jose Mercury News)
As the hired Hawaiian band on the sidewalk took a break, mortgage broker Carla Rayacich, decked out in a lei, stood inside the Palo Alto offices she'll be vacating this weekend surrounded by guests and swiftly auctioned off the 16 brass letters that once spelled her company's name on the wall
2007-09-08 01:45:58 -
Be wary of unlicensed mortgage brokers (The Providence Journal)
WASHINGTON — Concerned about mortgage fraud and predatory lending practices, many states have toughened their laws by requiring loan officers or originators to undergo extensive background checks and show proof of professional experience and training.
2007-09-07 07:46:20 -
2 women face mortgage-fraud trial (The Record)
Two businesswomen are to stand trial in federal court today on charges of orchestrating a nearly $29 million mortgage fraud that aimed to profit from Bergen County's once-sizzling real estate market.
2007-09-08 09:18:04 -
Mortgage broker jailed after pair hand over house (The Palm Beach Post)
Larry E. Smith's letters landed like winning lottery tickets in the mailboxes of homes around St. Lucie County with a familiar sign staked out front: For Sale.
2007-09-07 09:14:48 -
National business briefs: Beazer Homes USA receives default notices
Kansas City Star - The Securities and Exchange Commission review will include what ratings mean and whether conflicts of interest were created if rating agencies gave advice to issuers of mortgage debt and originators. Critics say the three biggest ratings agencies — ...
2007-09-07 10:17:00 -
Osama issues taped advice
Worcester Telegram & Gazette - Osama issues taped advice Embrace Islam, Americans told ... grasp of current events, mentioning global warming and saying Americans are “reeling under the burdens” of a mortgage ...
2007-09-08 12:51:00 -
Jobs report puts mortgage rates in free-fall
Boston Online - Even though this rate decline may go deep, the advice here as always: take any deal that works, immediately. If panic fades, the bond market and Fed will reverse in an instant. Lou Barnes is a mortgage broker and nationally syndicated columnist based ...
2007-09-06 05:57:00 -
Kenneth Harney : Conflicting home values show importance of not ...
Arizona Daily Star - Advice by Kenneth Harney ... government's index taps into a vast housing database — the combined new loan and refinance transaction records of mortgage ...
2007-09-08 08:14:00 -
SEC looks at rating agencies' credit role
Philadelphia Inquirer - He said the review would include what ratings meant and whether conflicts of interest were created when rating agencies gave advice to issuers of mortgage debt and originators. Once mortgages are written, they typically are packaged together and sold ...
2007-09-08 12:15:00 -
Governments put credit-rating agencies in their legal crosshairs (CentralOhio.com)
COLUMBUS (AP)-- Pressure on credit-rating agencies for any role they might have played in a burgeoning mortgage market crisis intensified Friday, as federal regulators joined attorneys general in Ohio and elsewhere in investigating how the industry handled borrowers with weak credit.
2007-09-08 05:48:59 -
CoStar Talks Finance with Green Building Finance Consortium's Scott Muldavin (CoStar Group)
When Green Building Finance Consortium Founder and Executive Director Scott Muldavin was approached more than a year ago by green building groups seeking advice on commercial mortgage-backed securities (CMBSs) -- his bread and butter -- nothing seemed...
2007-09-07 04:57:39
