Mortgage and Financial News From 2007-9-14 Page 13

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  • Cap Gemini Says Subprime Crisis Hurts Kanbay Outlook (Update3)

    Bloomberg - ... services company, said its Kanbay International Inc. unit is being hurt by the collapse of the U.S. subprime mortgage market ... have never gained without Kanbay,'' he said. ``We won an order, against Indian companies, with a large European insurance ...
    2007-09-14 08:43:00

  • Looking for a home loan? Be prepared to pony up

    Jackson Clarion-Ledger - If you want to avoid private mortgage insurance, which will increase your monthly payments, you'll need to put down 20 percent. If you live in a high-cost area, a good-sized down payment could also help you avoid borrowing more than $417,000. Why is ...
    2007-09-14 01:41:00

  • 2nd mortgage more elusive than the 1st

    Colorado Springs Gazette - That approach spares borrowers from paying for dreaded private mortgage insurance, which lenders require when a borrower’s equity falls below 20 percent of the home’s value. Mortgage executives say that for most borrowers, the only way to take ...
    2007-09-12 05:57:00

  • Dillon Read (8): "HUD is a Sewer"

    Scoop - As Assistant Secretary for Housing-Federal Housing Commissioner, I was responsible for the operations of the Federal Housing Administration (FHA), which was the largest mortgage insurance fund in the world. FHA at that time had annual originations of ...
    2007-09-13 10:56:00

  • Economy may have to foot the bill for longer loans

    National Post - The financial innovation that is taking the housing market by storm may also have wide-ranging implications for the Canadian economy. As half of all new homebuyers requiring mortgage insurance, and 25% of those refinancing opt for 35-year ...
    2007-09-14 12:08:00

  • Wells Fargo, National Black MBA Association Honor Distinguished ...

    Forbes - Wells Fargo & Company is a diversified financial services company with $540 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores and the internet (http://wellsfargo.com) across North ...
    2007-09-14 05:30:00

  • Northern Rock Gets Emergency Bank of England Funding (Update7)

    Bloomberg - ... from the Bank of England, the biggest bailout of a British lender in 30 years, after rising credit costs left the mortgage ... Typhoon Nari Forecast to Gain Strength Before Passing Over Okinawa Today HSBC Depends on Profits From Insurance as ...
    2007-09-14 08:07:00

  • Phoenix Super 7 (Muskogee Phoenix)

    222-Counter Sales Parts Counter Sales position available. Experience in lawn mower and tractor parts preferred. Competitive pay and benefi ... >MORE 245-Auto/Mortgage Insurance Clerk PT position in Muskogee, Mon-Fri 9am to 2 pm. Computer knowledge and data entry skills required.
    2007-09-13 10:26:29

  • AIG views opportunities from subprime: Sullivan (Business Insurance)

    MUNICH, Germany— American International Group Inc. is prepared to take advantage of any investment opportunities created by the problems in the U.S. subprime mortgage sector, Chief Executive Martin Sullivan said in a speech to commercial insurance buyers Thursday.
    2007-09-14 04:20:29

  • Bankrupt mortgage company fails to pay taxes for 12 property owners (The Frederick News-Post)

    Frederick County government is urging residents to check their tax statements after a national mortgage company sent bad checks containing the escrowed tax payments of 12 property owners.
    2007-09-13 11:07:06

  • 2nd mortgage more elusive than the 1st (Colorado Springs Gazette)

    Think it’s tough to find a loan for a new house? Try getting a second mortgage on the house you already own. Such loans seem to be an endangered species, professionals say. “They’re disappearing as we speak,” said Andre Mitchell, executive vice president of Lynx Mortgage Bank in Westbury, N.Y.
    2007-09-13 10:50:54

  • Mortgage crisis hits home (Northeast County Journal)

    A year ago, Cheryl Trueblood and her family were trapped in the mortgage crisis that is still gripping thousands of homeowners in North County and millions nationwide.
    2007-09-14 09:14:26

  • U.K. lenders have financing to last several months

    Marketwatch - LONDON (MarketWatch) -- Northern Rock isn't alone in facing funding worries in the liquidity crisis -- plenty of U.K. mortgage banks use wholesale markets to finance their lending -- though others have already arranged deals that will at least see ...
    2007-09-14 05:58:00

  • Euroshares open lower as Northern Rock, Interhyp warnings weigh on ...

    CNN Money - LONDON, Sep. 14, 2007 (Thomson Financial delivered by Newstex) -- Euroshares opened lower as profit warnings from mortgage lenders Northern Rock and Interhyp overshadowed gains on Wall Street overnight. At 08.11, the STOXX 50 was down 26.39 points ...
    2007-09-14 02:52:00

  • Subprime fallout will claim more lenders: lawyer

    Marketwatch - BOSTON (MarketWatch) -- The subprime contagion has already forced several of the nation's largest home lenders into bankruptcy, but a banking attorney specializing in the mortgage industry says the carnage is far from over. "This isn't the last of it ...
    2007-09-14 08:22:00

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