Mortgage and Financial News From 2007-8-18 Page 3
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What to Watch
Washington Post - The program, which illustrates the league's connection to the community, profiles the team players who take to the field -- including a salsa-dancing mortgage broker who plays first base and a senior lobbyist who fires wicked fastballs. TUESDAY: GOD'S ...
2007-08-18 10:53:00 -
Borrowers hit as refinancing options vanish
MSN MoneyCentral - ... with problems of their own. The Esperazas have two children and live in Santa Clarita in California's San Fernando Valley. They took out a Countrywide loan three years ago after having been sent promotional literature by a local mortgage Âbroker.
2007-08-17 06:15:00 -
First Magnus -- Could Countrywide Really Go Under?
CNBC - A few hours after that sad alert went up on First Magnus Financial's home page , I received a note from a mortgage broker crony of mine. He forwarded me a note from a local First Magnus contact of his: "The news of this turn of events came to us ...
2007-08-16 08:21:00 -
Nearly 1,300 cattle unaccounted for after Utah wildfires
Seattle Post Intelligencer - Salt Lake mortgage broker Lawrence Whetman, who owns 640 acres near Monticello in southeastern Utah, is offering ranchers a place to graze and water their cattle. "The land is available right now and ready to go," he said. --- Information from: The Salt ...
2007-08-18 07:21:00 -
Calyx Software Releases Point and Point Data Server Version 6.0
Forbes - The latest version of the Point application includes a new enhancement that allows the integration of mortgage broker and mortgage banker functionalities. New marketing tools and a powerful report generator are also included. Both Point and Point ...
2007-08-16 06:48:00 -
California Association of Mortgage Brokers Details State of the ...
Forbes - ... organization representing more than 4,700 industry professionals throughout California. CAMB provides ongoing education to industry members, maintains industry standards, and supports efforts to increase consumer understanding of mortgage broker ...
2007-08-16 07:52:00 -
How to survive the mortgage mess
Cleveland Plain Dealer - And your loan can't be called in as "due immediately" unless you committed fraud during the application, said Bill Nazur, a California mortgage broker and real estate author. What if I make my mortgage payments to Countrywide or another company that ...
2007-08-18 11:22:00 -
Mortgage Broker: Buyers Benefit From Housing Slump
News 4 - (CBS4) DENVER The slumping housing market and mortgage jitters may have people scared of buying or selling their home right now. But the president of the Colorado Association of Mortgage Brokers told CBS4 Thursday that not all is lost. "It's going to ...
2007-08-17 06:04:00 -
Caught In The Mortgage Meltdown
CBS News - "When they go to do the refinance because the mortgage is coming due or they see that their payment is increasing, they are finding that they are not going to be able to do that refinance because the property values have come down." Mortgage broker ...
2007-08-16 11:20:00 -
Why home loans could get cheaper
Times Online - James Cotton at L&C, a mortgage broker, said: “Fixed mortgage rates have already started to drop as the markets have become less convinced that another rate hike is necessary. Even cheaper deals could begin to appear over the next couple of weeks ...
2007-08-18 09:59:00 -
Subprime Shakeout
Wall Street Journal - 06/01/07 Lancaster Mortgage Bankers LLC New Jersey N/A Closed This New Jersey lender that offered expanded criteria programs and specialized in Alt-A and no-documentation loan programs, recently abandoned its mortgage broker business. Lancaster had ...
2007-08-18 09:51:00 -
Short Sale, If Allowed, Could Avoid Foreclosure
Washington Post - You bought the house last year for $500,000, foolishly taking advantage of the mortgage broker's sales pitch and obtaining a 100 percent loan. You lost your job and cannot afford to continue with the monthly mortgage payments. The house will probably ...
2007-08-18 09:01:00 -
Mortgage brokers feeling pinch too
Denver Post - San Francisco - Mortgage broker Ed Smith Jr. has been arranging home loans for 24 years and it's never been tougher for him to close a deal than during the past few weeks of turmoil. As more lenders collapse, the skittish survivors are raising their ...
2007-08-18 08:11:00 -
Attorney for broker: Dismiss all charges
San Diego Union-Tribune - An attorney for a New York mortgage broker indicted in the Randy Cunningham scandal says the charges against his client should be dismissed because of a 2005 real estate deal involving the daughter of a key figure in the case and a relative of one of ...
2007-08-18 08:58:00 -
Was the Mortgage a Mistake?
Washington Post - Besides all that, our mortgage broker and real estate agent kept confirming what we wanted to believe: nothing to worry about. This week, I did what I probably should have done before signing the loan. I called some financial planners. Barry Glassman ...
2007-08-18 09:01:00