Mortgage and Financial News From 2007-9-30 Page 14
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Adtran, BioCryst close lower, along with Regions, BancTrust
Birmingham News - Friday, the Mortgage Insurance Companies of America said defaults on privately insured home loans climbed 30 percent last month from year-earlier levels, adding to evidence that home foreclosures may continue to rise. "The problems in the credit ...
2007-09-30 01:29:00 -
Got flood insurance questions? Here are some answers
Mansfield News Journal - MANSFIELD -- Deborah Farmer has become very familiar with Richland County during the past month. The Marble Falls, Texas, resident is a National Flood Insurance Program specialist dispatched to Ohio with Federal Emergency Management Agency personnel ...
2007-09-30 03:23:00 -
The St. Louis housing market: Steady as she goes?
St. Louis Post-Dispatch - In line with this view, according to PMI (a leading mortgage insurance company), St. Louis's affordable housing, moderate housing-price increases over the last decade and low historic housing price volatility indicate a likely relatively low housing ...
2007-09-30 01:00:00 -
Stranger at the Door (New York Times)
Queens has been hard hit by the nation?s mortgage crisis. Among the surprise victims are people whose homes were paid off years ago.
2007-09-29 06:20:09 -
A mortgage hole too deep (The Sacramento Bee)
Christina Cavaness didn't know how to explain the bad news to her 8-year-old son, so she kept it simple.
2007-09-30 12:06:36 -
Rep. Frank's mortgage bill calls for reforms, more protection (Lincoln Journal Star)
WASHINGTON — A top House Democrat’s plan to reform oversight of the mortgage sector would have a major impact on every level of the $11 trillion industry, according to a draft summary of the bill obtained by Dow Jones Newswires.
2007-09-29 10:34:45 -
2nd UPDATE: US Federal Regulators Close NetBank
CNN Money - But NetBank's rare Internet-based business strategy made it a unique financial institution and it's problems aren't expected to mirror issues facing other mortgage lenders, analysts say. As of June 30 , NetBank had close to $2.3 billion in total ...
2007-09-28 02:53:00 -
Commission remission
Denver Post - Too many mortgage lenders will do anything to get a loan through, while the bar to becoming a Realtor remains surprisingly low, Cox says. That, she says, leads to the public not trusting Realtors like they might. To meet today's realties ...
2007-09-29 11:56:00 -
Company top lender for credit unions
Courier News - ... directly reflects the success we have had delivering cost-effective call center services through our 24/7 customer-focused contact center." LSI currently serves more than 300 financial institutions including credit unions, banks and mortgage lenders ...
2007-09-30 12:46:00 -
Hedge funds bet on fall in house prices
Daily Telegraph - The revelation comes amid mounting expectations that Britain's consumer debt bubble is about to burst as mortgage lenders raise interest rates in response to the global credit crunch. According to research from Data Explorers, 13 per cent of Grainger ...
2007-09-29 03:56:00 -
Shares of mortgage lenders mixed following bad week of news for ...
CNBC - NEW YORK - Shares of mortgage lenders were mixed on a slow day of trading Friday, concluding a week marked by the continuing downward spiral in the housing market. Most mortgage lenders' shares were up or down just a few cents. Shares of most lenders ...
2007-09-28 09:59:00 -
Housing slump leads to job cuts
Dallas Morning News - Five of the top 40 mortgage lenders have ceased operations. Countrywide Financial Corp., one of the nation's largest mortgage lenders, has announced cuts of as many as 12,000 jobs. Countrywide has not disclosed where its cuts will be, and it did not ...
2007-09-30 12:39:00 -
More miss mortgage payments (Worcester Telegram & Gazette)
More American homeowners are missing mortgage payments, pushing defaults on privately insured home loans up 30 percent last month from year-earlier levels, according to a trade group.
2007-09-30 01:59:27 -
Proposed legislation: Payday lenders may face stiff rules (The Columbus Dispatch)
For Ohio's payday lenders, it's no longer a question of if, but when.
2007-09-30 01:32:29 -
Fed rate cut may be bad for stretched consumer
Baltimore Sun - If the Federal Reserve's recent cut in interest rates makes it less expensive and easier for people to obtain loans, it would be bad news for Yusupha Touray. By his estimate, the 27-year-old Long Beach, Calif., resident owes about $93,000 in credit ...
2007-09-30 12:24:00