Mortgage and Financial News From 2007-9-12 Page 10

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• Job Losses, Housing Slump Point to Weaker US Economy

  Stockhouse Canada - Mortgage broker Jim Dell'Anno was laid off last week after 25 years in real estate. 'It doesn't shock us at all when things like this happen. It's just, you're always [shocked], when it's yourself.' Analysts say the job losses, including 12,000 at ...
  2007-09-12 12:49:00

• Wall Street, consumer groups battle over whether mortgage investors ...

  CNBC - WASHINGTON - Banks that package mortgage securities _ and the institutional investors who buy them _ are fearful that ... The investor isn't sitting there when a lender and broker are...at the table," he said. The issue of assigning liability is ...
  2007-09-12 01:39:00

• Susan A. Thompson Joins First Republic Bank

  Forbes - Prior to joining First Republic, Thompson was a Mortgage Broker with Union Trust, a subsidiary of Pacific Union/GMAC Real Estate. Thompson earned a Bachelor of Science degree in Business from the University of California, Riverside. She's a member of ...
  2007-09-12 05:39:00

• Stillwater GOP candidate announces run

  Times Union - STILLWATER -- A mortgage broker announced today he will challenge incumbent Greg Connors for the top position in the community this fall. Shawn Connelly, 40, a Republican, said if he is elected, he will bring a spirit of bipartisanship to the Town ...
  2007-09-12 01:32:00

• Lenders hike mortgage rates, blame credit crunch

  Times Online - Katie Tucker, of Charol, the mortgage broker, said: "This is an extraordinary 1.14 points higher than Bank of England base rate of 5.5 per cent," adding: "Borrowers remortgaging now should therefore take advantage of good discounts on offer, because ...
  2007-09-12 10:47:00

• Portellus Announces Orderly Wind-Down of Mortgage Division and Impending Sale of Mortgage Technology Assets (Marketwire via Yahoo! Finance)

  Portellus, Inc. today announced that it has made the decision to conduct an orderly wind-down of its mortgage technology business unit and subsequent sale of the unit's supporting technology assets. The company cited declining market conditions as the impetus behind its decision. Arrangements have been secured, however, to preserve Portellus' multi-purpose Business Rules Management System, which ...
  2007-09-11 07:14:00

• Mortgage Liability Issue to Hit Congress (AP via Yahoo! Finance)

  Banks that package mortgage securities -- and the institutional investors who buy them -- are fearful that lawmakers could in the future make them legally responsible for fraud committed by lenders.
  2007-09-12 01:34:58

• Movers: Texas Instruments, H&R Block, Chiquita

  BusinessWeek - ... announced restructuring plan designed to reduce costs and improve operating efficiencies in response to reduced mortgage loan ... Any advice, analysis, or recommendations contained in articles labeled "Insight from Standard & Poor's" reflect the views of ...
  2007-09-12 06:29:00

• Barclays tried to take my home after crash

  This is Money - Do you need help finding a cheap mortgage deal? Our partner can give some quick advice. >> Mortgage advice ... It was only after Money Mail intervened that the bank agreed to stop pursuing Sharon Olliver over her mortgage debt ...
  2007-09-12 03:59:00

• As Housing Market Tumbles, Americans Plan to Hang On To Their Homes ...

  Forbes - ... the majority of retirees and working American homeowners surveyed say they have not considered taking out a reverse mortgage ... The company provides innovative research, insights and strategic advice to help its clients make more confident decisions ...
  2007-09-12 08:53:00

• City warning over mortgage rescue firms

  Evening News Norwich - Homeowners were today warned to be wary of companies targeting Norwich families with so-called mortgage rescue schemes because it could leave families homeless. Norwich and District Citizens' Advice Bureau said families in the city were facing the ...
  2007-09-11 10:44:00

• South Africa: Absa Signs Deal to Borrow ? 40m

  AllAfrica.com - Opperman said the bank's goal was to provide training to 140 black estate agents and 60 mortgage originators every year. He said the training would improve advice and lift professionalism. This would be "very good news" for the industry and the home ...
  2007-09-12 09:57:00

• Martha M. Hamilton

  Washington Post - Thanks for advice Marjorie L. Fox: Yes, it is. Although I have only worked full-time as a financial planner, I know several ... I have heard over and over that when you have a mortgage at a low interest rate (let's say 6 percent), it is better to invest ...
  2007-09-12 11:44:00

• EU regulators asked to assess competence of rating agencies behind ...

  CNBC - ... based on U.S. housing loans to borrowers with poor credit months after a sharp rise in people defaulting on their mortgage ... opinions on whether rating agencies provided investors with adequate warnings about the assumptions behind their advice that ...
  2007-09-12 10:33:00

• Savings rates up amid credit crisis

  Channel 4 News - With savings rates reaching such heights, the traditional advice to overpay as much on your mortgage as frequently as you can may have gone out of the window. "If you were lucky enough to secure yourself a cheap rate mortgage, it may make sense to ...
  2007-09-12 10:11:00

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