Mortgage and Financial News From 2007-8-18 Page 4
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Local mortgage brokers, loan-seekers pressured
SignOn San Diego - 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 06:17:00 -
National City joins home equity, mortgage units (Pittsburgh Post-Gazette)
National City Corp. announced yesterday that it was merging its broker-based home equity lending unit into its bank-based mortgage operations.
2007-08-17 04:17:40 -
Mortgage borrowers, brokers facing higher hurdles to home loans (KSBY San Luis Obispo)
Associated Press - August 17, 2007 8:34 PM ET SAN FRANCISCO (AP) - 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...
2007-08-18 12:51:18 -
Was the Mortgage a Mistake? (Washington Post)
Two years ago, my wife and I sat at a long conference table in a mortgage-title office in Bethesda. Sitting next to us: our real estate agent, who drew up our bid on a townhouse in Germantown two days after showing it to us. We didn't get an inspection, and I don't recall going back for a second ...
2007-08-18 07:03:31 -
Mortgage Broker: Buyers Benefit From Housing Slump (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.
2007-08-17 02:42:00 -
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 the prosecutors.
2007-08-18 09:13:22 -
Mortgage broker testifies against former KC councilwoman (The Kansas City Star)
A mortgage broker offered damaging testimony Tuesday against a former Kansas City councilwoman on trial for mortgage fraud.
2007-08-16 07:26:13 -
Mortgage broker avoids prison (St. Louis Post-Dispatch)
It must have been quite a surprise when mortgage broker Angela Renee Williams-Buchanan approached the owners of a four-family building at 4042 Russell Boulevard in St. Louis.
2007-08-17 05:47:16 -
U.S., European central banks step in to contain mortgage crisis
Worldnews.com - Federal Reserve then intervened, flooding their banking systems with cash to keep interest rates from spiking as ... print email Federal Reserve Chief Ben Bernanke told Congress last March that the troubles plaguing the lowest rung of the mortgage ...
2007-08-18 06:57:00 -
Fannie Mae Predicts Price Decline Will Accelerate in '08
Washington Post - Fannie Mae , the mortgage finance giant, yesterday predicted that housing prices will ... Others featured low teaser rates that later increased or monthly payments so low ... yesterday reported that new-home construction last month slowed to its lowest rate ...
2007-08-17 12:56:00 -
Overland Storage CFO now CEO
Worldnews.com - It's the lowest since early June, when rates stood at 6.53 percent. Mortgage rates have ebbed as recent stock market turbulence has prompted investors to plow money into bonds, driving down rates on bonds. That, in turn, has pushed down rates on ...
2007-08-17 08:24:00 -
Countrywide taps $11.5 bln credit, shares fall 11 pct
MSN MoneyCentral - NEW YORK (Reuters) - Countrywide Financial Corp. , the largest U.S. mortgage lender ... The shares closed down $2.34, or 11 percent, at $18.95, their lowest level since ... He rates Countrywide "underperform." Merrill Lynch & Co. analyst Kenneth Bruce on ...
2007-08-16 09:40:00 -
Jobless rates rise for state, Orlando
Orlando Sentinel - Jobless rates rise for state, Orlando Officials see weakness in the construction ... that the state's job production rose slightly from June, but remained at its lowest ... real estate industry brought on by declining home sales and troubles in the mortgage ...
2007-08-18 09:41:00 -
Interest Rates: The Questions Remain
Sky.com - Interest Rates: The Questions Remain By David Stevenson. Updated: 09:20, Thursday ... Surely consumer spending was being squeezed by rising mortgage costs and other higher ... this month, which showed July high street sales growth slowing to its lowest in ...
2007-08-16 12:54:00 -
Fed urged to protect future mortgage borrowers
Marketwatch - WASHINGTON (MarketWatch) -- Individuals and groups including the U.S. Conference of Mayors and the National Community Reinvestment Coalition are urging the Federal Reserve to protect borrowers against abusive mortgage lending, telling regulators to ...
2007-08-17 12:53:00