Mortgage and Financial News From 2007-9-8 Page 9
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Mortgage-mess focus turns to credit raters (The Cincinnati Enquirer)
Pressure on credit-rating agencies for any role they may 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 02:49:36 -
The New Republic: Debunking Conservatives' Myths About S-CHIP
CBS News - I know that health insurance is not cheap, but neither are your mortgage and car insurance. You're not going to ask the government to pay for those, too, are you?" Quotes like this make it sound like S-CHIP would become as much a middle-class ...
2007-09-08 04:40:00 -
HOME: Flood insurance -- there is an option
Times-Press - Most of the time, I'm asked to provide flood insurance for a homeowner because their mortgage company requires it." Normally, the standard homeowner's insurance policy does not include coverage for damage from sewer and drain backups or sump pump ...
2007-09-08 08:57:00 -
Vacation house isn't always relaxing
Austin American-Statesman - There's the mortgage, insurance, taxes ... and maybe they don't use it as much as they thought. It really requires planning.'' Although rising interest rates have been slowing home buying in general, the market for second homes has ...
2007-09-08 06:05:00 -
MGIC abandons deal for rival mortgage insurer
MSNBC - While there are significant credit challenges in today’s mortgage market, we also believe that there are tremendous opportunities for our company in the mortgage insurance and financial guaranty markets, and our management team is moving ...
2007-09-04 05:59:00 -
Prep football scoreboard (Muskogee Phoenix)
231-Auto/Mortgage Insurance Clerk FT or FT position in Muskogee. Computer knowledge and data entry skills required. Email resumes to: resume@ciaokc.com or ...
2007-09-08 12:03:26 -
Genworth Financial Spent $1.9M Lobbying (AP via Yahoo! Finance)
Genworth Financial Inc., a provider of life, health and mortgage insurance, spent more than $1.9 million in the first half of 2007 to lobby the federal government, according to a disclosure form.
2007-09-07 03:59:31 -
China OKs big mortgage lender's IPO (The Charlotte Observer)
China's securities regulator said Friday it has approved an application by China Construction Bank, the nation's biggest mortgage lender, to issue shares in what could be one of China's biggest initial public offerings.The China Securities Regulatory Commission posted a notice confirming the IPO approval on its Web site. The bank plans to issue up to 9 billion yuan-denominated shares in Shanghai. ...
2007-09-08 12:16:49 -
Mortgage-mess focus turns to credit raters
Cincinnati Enquirer - In connection with the investigation, he sued 10 mortgage lenders in June, accusing them of pressuring real estate appraisers to inflate home values. "We're looking at everybody involved in subprime lending especially. That includes all the credit ...
2007-09-08 02:24:00 -
Lehman scales back mortgage business
Miami Herald - ... mortgage business. Two weeks after closing its BNC Mortgage LLC subsidiary, the Wall Street brokerage said it is winding down much of its home lending business in the U.S. and U.K. Lehman Brothers joins some of the country's biggest mortgage lenders in ...
2007-09-06 09:43:00 -
Some Mortgage Originators Skip State Licensing
Washington Post - ... It allows individuals to operate their own mortgage loan origination branch using the mortgage-lending or broker license of the branching company. Individuals get assistance in running their businesses and gain access to a network of lenders.
2007-09-08 08:50:00 -
Thoughts on refinancing your home mortgage
Q-Notes - Looking to refinance your home mortgage? Take time to browse around and comparison shop, because lenders are highly competitive. Many who bought homes during the peak of the housing boom used high-leverage, high-risk loans in order to keep up with ...
2007-09-08 04:25:00 -
Countrywide May Fire as Many as 12,000 as Mortgage Demand Wanes
Bloomberg - Mortgage lenders have run short on cash as home sales slowed, more borrowers paid late and investors avoided mortgage bonds that don't have implied government guarantees. That prompted banks, securities firms and commercial-paper markets that finance ...
2007-09-08 07:46:00 -
Some Mortgage Originators Skip State Licensing (Washington Post)
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. Still, attracted by the lucrative mortgage business, many ...
2007-09-08 09:05:12 -
Mortgage woes? Talk to the lender (Seattle Post-Intelligencer)
As mortgage delinquencies rise, more homeowners will need to negotiate new terms with their lenders. When you fall behind on payments, your chances of getting cooperation from the mortgage servicer are better if you follow the following guidelines:
2007-09-07 11:13:58