Mortgage and Financial News From 2007-9-14 Page 10

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• Some Md. homeowners learn that tax checks bounced

  Delaware Online - Something else for homeowners across this nation to worry about- the solvency of their mortgage companies' escrow accounts. That's the problem with dealing with a middleman (to pay your taxes).
  2007-09-14 10:09:00

• Wall Street's titans face the music

  CNN Money - Latest Rates Active Companies Stock Price Increases Stock Price Decreases Earnings: Reports & Estimates Hot Stocks Stock Spotlight ... Bear ( Charts , Fortune 500 ) and Lehman ( Charts , Fortune 500 ), which have been the most heavily involved in the mortgage ...
  2007-09-14 09:55:00

• Mortgage industry bracing for layoffs

  Denver Business Journal - Those who blame the entire subprime mess on mortgage brokers can take heart: There are fewer of them to kick around. In the past two weeks alone, mortgage companies have revealed plans to slash more than 16,000 jobs nationwide, amid falling lending ...
  2007-09-14 06:48:00

• Out of the shadow

  Hindustan Times - With worries of a liquidity crunch arising from the US sub-prime mortgage market receding, shares of real estate companies staged a rally during the week. While the benchmark Sensex of the Bombay Stock Exchange (BSE) gained only 0.09 per cent or 13 ...
  2007-09-14 09:47:00

• ADR Report-Credit concerns drag on shares, financials sag

  Reuters - NEW YORK, Sept 14 (Reuters) - U.S.-listed shares of overseas companies dropped on Friday after a bailout of a British mortgage lender renewed concerns about global credit markets, weighing on financial services shares. Mortgage lender Northern Rock ...
  2007-09-14 12:11:00

• State probes company in foreclosure scam

  Houston Chronicle - The business mailed cards and letters to homeowners facing foreclosure which promised established relationships with mortgage companies and banks nationwide, claiming they could stop the foreclosure process, officials said. Homeowners who contacted ...
  2007-09-14 10:30:00

• U.S. Stocks Drop on Mortgage Concern; Merrill Shares Retreat

  Bloomberg - ... said in a regulatory filing today that credit-market conditions ``have continued to remain challenging in the third quarter'' and signaled its earnings may drop because of mortgage market losses. Banks Slump Financial companies ...
  2007-09-14 12:18:00

• U.S. Companies: Bring On Stronger Yen

  BusinessWeek - If there's a silver lining to the whole U.S. subprime mortgage mess, this could be it: In recent weeks, the market convulsions have given Japan's long-beleaguered currency a big boost. At its current rate of 115 yen to the dollar, the yen is 7 ...
  2007-09-14 09:26:00

• 2 Louisville mortgage companies merging

  Louisville Courier-Journal - Two eastern Jefferson County mortgage companies with business models that focus on Internet-based lending are merging. New Equity Mortgage, at 10701 Shelbyville Road, and Advent Mortgage LLC, 305 N. Hurstbourne Parkway, are aligning into one entity ...
  2007-09-14 10:23:00

• Countrywide Caught in Mortgage Spiral

  Forbes - Countrywide's expansion was also fueled by its move to sell conventional mortgage loans that were then resold to government-sponsored mortgage companies the Federal National Mortgage Association, also known as Fannie Mae, and the Federal Home Loan ...
  2007-09-14 12:11:00

• UK props up wounded mortgage lender Northern Rock (Reuters via Yahoo! News)

  Britain's financial authorities stepped in to rescue mortgage lender Northern Rock on Friday as the group, which has lent aggressively to home buyers, fell victim to the sharp rise in borrowing costs between banks.
  2007-09-14 06:33:36

• 2 Louisville mortgage companies merging (Louisville Courier-Journal)

  Two eastern Jefferson County mortgage companies with business models that focus on Internet-based lending are merging. New Equity Mortgage, at 10701 Shelbyville Road, and Advent Mortgage LLC, 305 N. Hurstbourne Parkway, are aligning into one entity that will keep the name Advent Mortgage LLC.
  2007-09-14 10:22:16

• Merrill Says Fair Value Adjustments Made for Subprime (Update3)

  Bloomberg - ... on the New York Stock Exchange, making it the second-biggest decliner on the 12-member Amex Securities Broker/Dealer Index. Analysts expect the five biggest U.S. securities firms will post losses on the declining value of subprime-mortgage ...
  2007-09-14 10:38:00

• Shrink's Progress

  American Reporter - ORINDA, Calif. -- Ed, a 42-year-old divorced mortgage broker, explained that his job was demanding and often left him feeling tense and stressed. Although Ed had a girl friend, he lived alone. He had come to see me only at the insistence of his ...
  2007-09-14 03:42:00

• Report: Hispanics More Likely to Have Dangerous Mortgages

  HispanicBusiness.com - Loans are available that consider things such as paying rent on time, cash income and keeping current on utility bills, but the paperwork involved is time-consuming for the mortgage broker. "These products exist, but there's no incentive for a ...
  2007-09-14 07:17:00

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