Mortgage and Financial News From 2007-9-22 Page 6
Previous Day: 2007-09-21
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The Fed, the enabler
Boston Globe - There is little monitoring of the mortgage companies that originated the bait-and-switch loans, the investment companies that turned them into bonds, the private rating agencies that gave the bonds overly optimistic ratings, and the hedge funds that ...
2007-09-22 04:30:00 -
Linkfest: Week in Review
Street.Com - Ross Jr., the investor who made his name by successfully buying distressed companies like steel producers, now sees an opportunity in the mortgage business." ( The New York Times ) • Dubai, Qatar, Abu Dhabi Counter M&A Slowdown With $25 Billion of ...
2007-09-22 02:24:00 -
Kaiser Permanente has big plans in Fontana; 20 departments relocate to ...
Fontana Herald News - The banks and mortgage companies should do something as far as allowing partial payments. So instead of losing your home, you could put the rest of the payments on the rear of the loan. Instead of the house sitting empty and getting vandalized, the ...
2007-09-22 12:30:00 -
Fed will help curb mortgage fallout
Minneapolis Star Tribune - The Fed has taken a number of steps already and other proposals are being considered. Treasury Secretary Henry Paulson, who also appeared at the hearing, signaled that the administration would consider allowing the big mortgage companies Fannie Mae ...
2007-09-19 05:55:00 -
Letters | Readers Respond
Philadelphia Inquirer - He also thinks it is proper for the Fed to reduce interest rates to help the banks and mortgage companies that lent money to people who couldn't pay their mortgages. If that's not interfering in the "free" market, I don't know what is. David W. Long ...
2007-09-22 02:03:00 -
WSG Financial's mortgage division to lose 33 jobs (Seattle Times)
Pacific Northwest Bremerton-based WSB Financial Group, parent company for Westsound Bank & Mortgage, said Friday it is eliminating 33...
2007-09-22 12:13:21 -
Mortgage data leaked over file network (AP via Yahoo! News)
Three spreadsheets containing more than 5,000 Social Security numbers and other personal details about customers of ABN Amro Mortgage Group were inadvertently leaked over an online file-sharing network by a former employee.
2007-09-21 02:36:15 -
Guess Who?s Feeling the Mortgage Pain (New York Times)
Nine months into the meltdown of the home loan market, investors are still waiting for banks, brokerage firms and other companies to come clean on losses.
2007-09-22 11:43:19 -
Iran: Charge or Release Iranian-American Still in Detention
YubaNet - Shakeri, 59, a mortgage broker and founder of the Center for Citizen Peacebuilding at UC Irvine, traveled to Iran on March 14 to see his hospitalized mother and, after she passed away, stayed to take care of her funeral arrangements. On the same day ...
2007-09-22 07:15:00 -
Hot Mortgage Trends
Carmi Times - The Web site's proprietary software searches a network of thousands of brokers to find those who can meet the needs in the consumer's geographic area. Lenders compete for borrowers' business with other brokers in the region. To find a mortgage broker ...
2007-09-21 03:01:00 -
MJC sets home sale, buying classes
Modesto Bee - Tips for buying and selling real estate will be offered in two upcoming Modesto Junior College community education classes. Carol Williamson, a retired real estate agent and mortgage broker, will teach the "For Sale By Owner" and "Home Buying 101 ...
2007-09-22 02:21:00 -
Rate cut helps; What's next
St. Petersburg Times - Mortgage broker: "Down to myself and my wife." In theory, the Fed's rate cut should be a boon for mortgage brokers. Lenders should be slicing mortgage rates, homebuyers would be lured by more affordable terms, and calls to mortgage brokers increase. ...
2007-09-21 09:21:00 -
Anatomy of the O.J. Simpson Plot
MSNBC - Sept. 22, 2007 - Clarence Stewart was having a tough Thursday afternoon. The Las Vegas mortgage broker and golfing buddy of O.J. Simpson’s, known to friends as C.J., was squiring Simpson’s daughter Arnelle around town in his Lincoln Navigator as ...
2007-09-22 10:57:00 -
Broker: loans for retail are harder to come by (The Journal News)
Developers of retail space in the Lower Hudson Valley are having a harder time obtaining financing, a commercial broker said at a panel discussion sponsored by the Building and Realty Institute.
2007-09-21 11:33:41 -
CalSTRS Seeks Real Estate Consultant
Forbes - ... Teachers' Retirement System (CalSTRS) today announced a search for a real estate consultant to provide expertise and advice ... asset class, to include domestic and international investments, public and private investments and real estate backed mortgage ...
2007-09-21 12:02:00