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

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  • Stocks fall on oil

    Washington Post - ... loan losses and volatility in fixed-income markets. Its shares dropped 3.8 percent to $31.13 on the NYSE. Wells Fargo shares fell 4 percent to $34.52 on the New York Stock Exchange after it said profit was hurt by credit pressures from mortgage, home ...
    2007-10-16 07:22:00

  • Judge: American Home unit threatened

    Boston Globe - WILMINGTON, Del. -- A judge on Monday rejected a bid to delay consideration of American Home Mortgage Investment Corp.'s plan to sell its loan-servicing unit, saying he's worried the business is losing value. "I'm extremely concerned about the ...
    2007-10-15 05:32:00

  • Police: 2 arrested in NYC stole identities, bought homes

    Newsday - Investigators discovered victims had applied for a home mortgage at the same company, but didn't take out a mortgage because rates were very high. Police searched the mortgage company, but it wasn't clear if it was involved in the scheme, and it wasn ...
    2007-10-16 05:13:00

  • Paulson: National System for Brokers Would Help Protect Home Buyers

    Washington Post - Treasury Secretary Henry M. Paulson Jr., in a speech reviewing problems in the U.S. mortgage market, said the country should improve consumer protection for home buyers and consider a national system for licensing mortgage brokers to prevent them ...
    2007-10-16 08:41:00

  • Wells Fargo profit hurt by credit pressures

    MSN MoneyCentral - NEW YORK (Reuters) - Wells Fargo & Co said on Tuesday third-quarter profit rose 4 percent, the smallest gain in more than six years, hurt by credit pressures from mortgage, home equity and auto loans. Net income for the fifth-largest U.S. bank rose ...
    2007-10-16 06:11:00

  • UPDATE 3-Wells Fargo profit hurt by credit pressures

    Reuters - NEW YORK, Oct 16 (Reuters) - Wells Fargo & Co (WFC.N: Quote , Profile , Research ) said on Tuesday third-quarter profit rose 4 percent, the smallest gain in more than six years, as weaker credit conditions caused losses from mortgage, home equity and ...
    2007-10-16 06:53:00

  • FICS' Loan Origination System Simplifies HMDA Reporting

    Forbes - ... technology specialist that provides in-house residential origination and servicing technology and commercial servicing technology to the mortgage industry, announced at MBA's 94th Annual Convention & Expo 2007 that it enhanced its Home Mortgage ...
    2007-10-16 07:36:00

  • This Tax Law Can Affect You!

    MSNBC - Fear members of Congress with good intentions. According to Saturday's Washington Post , there's a movement afoot on Capitol Hill to cut a sizeable stake from that most sacred of America's sacred cows -- the home mortgage interest deduction. Good ...
    2007-10-16 08:19:00

  • Leading Mortgage Broker Angelo Christian Reports Growing Trend in Houston Home Refinancing to Offset Rising Cost of ... (PRWeb)

    Houston homeowners turn to the home loan insider to make ends meet. (PRWeb Oct 16, 2007)
    2007-10-16 12:14:28

  • MORTGAGE GUY IN 'ID THEFTS' (New York Post)

    A Queens mortgage manager was nabbed yesterday for spearheading an ID-theft operation that bilked at least a dozen home buyers out of more than $1 million, cops said. Jacob Milton, 41, of Port Washington, L.I., used his position as a Queens branch...
    2007-10-16 02:51:56

  • D.R. Horton reports 39% quarterly decline in home orders (Market Watch)

    BOSTON (MarketWatch) -- D.R. Horton Inc., one of the nation's largest home builders, said Tuesday that net sales orders for the fourth quarter fell 39% from a year earlier and that it sees signs of tighter mortgage availability.
    2007-10-16 05:55:20

  • Paulson: National System for Brokers Would Help Protect Home Buyers (Washington Post)

    Treasury Secretary Henry M. Paulson Jr., in a speech reviewing problems in the U.S. mortgage market, said the country should improve consumer protection for home buyers and consider a national system for licensing mortgage brokers to prevent them from abusing the patchwork of state laws that currently govern their industry.
    2007-10-16 08:12:57

  • Bank Of Canada Leaves Interest Rates Unchanged At 4.5%

    RTT News - Bank Of Canada Leaves Interest Rates Unchanged At 4.5% 10/16/2007 10:37:23 AM The Bank of Canada announced its latest decision on ... Based on this outlook, the bank said it determined that the current level of the target for the overnight rate is ...
    2007-10-16 07:29:00

  • Bank Of Canada Leaves Interest Rates Unchanged At 4.5% []

    RTT News - Bank Of Canada Leaves Interest Rates Unchanged At 4.5% [] Tuesday, October 16, 2007 10:37:23 AM - The Bank of Canada announced ... Based on this outlook, the bank said it determined that the current level of the target for the overnight rate is ...
    2007-10-16 07:29:00

  • UPDATE 1-Canadian dollar off lows after BoC rate decision

    Reuters - ... off its earlier lows, amid U.S. dollar weakness and surging oil prices after the Bank of Canada decided to keep interest rates ... average 98 U.S. cents, the midpoint of its trading range since its July Monetary Policy Report, but below its current ...
    2007-10-16 07:29:00

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