Mortgage and Financial News From 2007-10-16 Page 10

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  • As Defaults Rise, Washington Worries

    New York Times - Youngblood, a portfolio manager and analyst at Friedman, Billings, Ramsey, said that most mortgage companies and banks had not tightened lending standards for borrowers with weak, or subprime, credit until July or August, even though early this year ...
    2007-10-16 10:35:00

  • N.C. Treasurer Lists Loan Principles

    Forbes - Wading deeper into the mortgage industry meltdown, North Carolina Treasurer Richard Moore outlined Tuesday eight principles for mortgage lenders and threatened to name those companies that won't follow his rules. "Too many Americans have been lured ...
    2007-10-16 02:03:00

  • Two of area's largest credit unions will merge

    Kansas City Business Journal - Mortgage companies warn borrowers of rate increases [Kansas City] CommunityAmerica elects Waggoner chairman [Kansas City] Saint Luke's joins push to keep workers healthy, costs low [Kansas City] Credit union will open new branch [Kansas City] Midwest ...
    2007-10-16 01:06:00

  • FACTBOX-Global financial regulators prepare for G7

    Reuters - The debate at the Washington meeting of G7 finance ministers and central bankers on Oct. 19 is expected to focus on transparency, credit ratings agencies, and unregulated players like mortgage companies, hedge funds or sovereign wealth funds. Below ...
    2007-10-16 09:09:00

  • NovaStar Financial, Inc. Agrees to Sell Mortgage Servicing Rights in a ...

    Forbes - Each homeowner will receive direct communication from the companies explaining the changes in procedures and contact information. Mortgage servicing rights are an asset representing the present value of expected fees that are paid out of securitized ...
    2007-10-16 01:49:00

  • Treasurer calls for mortgage changes

    News 14 - Financial leaders from New York, Florida, and Kentucky have signed on with North Carolina to push this plan. RALEIGH -- State leaders are calling on mortgage companies to change the way they do business. State Treasurer Richard Moore unveiled an ...
    2007-10-16 01:41:00

  • Paulson Plans to Review Off-Balance Sheet Bank Units (Update5)

    Bloomberg - Mortgage companies must work harder to renegotiate terms for homeowners, he added, saying ``the current plan is not working well.'' He also endorsed consideration of national regulation of mortgage brokers. Bank regulators ...
    2007-10-16 02:03:00

  • Mortgage execs see housing will recovery in ’10

    MSNBC - Officials with government-sponsored mortgage companies Fannie Mae and Freddie Mac and CEOs from two major mortgage banks told the Mortgage Bankers Association’s annual convention that the continuing spike in foreclosures and a glut of unsold homes ...
    2007-10-16 10:50:00

  • N.C. Treasurer Lists Loan Principles (AP via Yahoo! Finance)

    Wading deeper into the mortgage industry meltdown, North Carolina Treasurer Richard Moore outlined Tuesday eight principles for mortgage lenders and threatened to name those companies that won't follow his rules.
    2007-10-16 01:57:42

  • Paulson urges action on housing crisis (AP via Yahoo! News)

    Treasury Secretary Henry Paulson said Tuesday the unfolding housing crisis posed a significant risk to the economy and called for Congress and private mortgage companies to move more quickly to help.
    2007-10-16 02:09:22

  • Treasurer calls for mortgage changes (News 14 Carolina)

    RALEIGH -- State leaders are calling on mortgage companies to change the way they do business. State Treasurer Richard Moore unveiled an eight point plan Tuesday. The plan comes on the same day the U.S. Treasury Secretary called for an aggressive response to the problem.
    2007-10-16 02:05:59

  • Axe to fall on over 400 jobs

    IC Berkshire - WORKERS have been dealt a severe blow after two companies announced drastic job cuts. Mortgage broker GMAC RFC announced on Wednesday last week that it is slashing 200 jobs at its two Bracknell offices because of crippling pressures across the global ...
    2007-10-16 02:21:00

  • Freed Iran advocate recalls his jailing

    International Herald Tribune - Shakeri, a real estate and mortgage broker, said in a telephone interview. "I told them: Ask God. Every day hundreds of thousands of people have ill mothers — it doesn't mean they are all related to each other." More ominously, the interrogators ...
    2007-10-15 09:35:00

  • City Briefs

    New York Daily News - A mortgage broker and television personality on a Bangladeshi cable channel was nabbed Monday in Queens on charges he ran a $1 million identity theft scheme, cops said. As a branch manager of Griffin Mortgage Corp., Jacob Milton, 41, of Port ...
    2007-10-16 01:31:00

  • REIA of Macomb Presents: How To Build Your Ultimate Buying and Selling ...

    PR Inside - Goins is not only licensed as a mortgage lender and mortgage broker in North Carolina and South Carolina, he is also licensed in both North Carolina and South Carolina as a Real Estate Broker and General Contractor. He is a member of the North ...
    2007-10-16 09:38:00

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