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

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  • ChoicePoint's MARI Helps Fight Mortgage Fraud with New Product Enhancements (PRWeb via Yahoo! News)

    The Mortgage Asset Research Institute (MARI®), a service of ChoicePoint® (NYSE: CPS), released phase one of a series of enhancements to its Mortgage Industry Data Exchange (MIDEX®) anti-fraud database. MIDEX is the premier national database used by members of the mortgage industry to report incidents of mortgage fraud and pre-screen the various professionals with whom they do business.
    2007-09-12 07:59:00

  • AUTOSHOW-U.S. mortgage crisis casts pall over carmakers

    Reuters - Last: FRANKFURT, Sept 12 (Reuters) - Fears that the U.S. mortgage crisis could douse consumers' appetite for new cars and hit the bottom line stalked executives at the Frankfurt International Motor Show this week. While companies with big sales in ...
    2007-09-12 10:26:00

  • Mortgage stocks mixed in Tuesday trading

    CNBC - NEW YORK - Thornburg Mortgage Inc. led a mixed day of trading Tuesday for mortgage companies after a UBS analyst upgraded the jumbo mortgage lender to "Buy." Shares of Thornburg rose 91 cents, or 7.4 percent, to $13.20 in afternoon trading. Shares ...
    2007-09-11 12:50:00

  • Study rates Centex Homes highest in customer satisfation

    San Antonio Express News - Centex Mortgage, which serves Centex Homes, also ranked at the top of a study of builder-owned mortgage companies. Medallion Homes and Pulte Homes tied for the top spot in the new-home quality survey, which considers construction ...
    2007-09-12 02:22:00

  • Realtors say slump to last into 2008

    Boston Online - The two-year housing decline is worsening amid a surge in credit costs and the collapse of more than 100 mortgage companies after defaults by homeowners. Federal Reserve policy makers, who meet next week, said at their last session "tighter" credit ...
    2007-09-12 10:26:00

  • Xerox Buys Mortgage Document Specialist Advectis

    eWeek - The complicated, paper-based legacy processes used to handle loan sales, origination and approval have long been a source of consternation for mortgage companies. Inefficient, complex loan systems often lead to applications being mishandled and ...
    2007-09-12 02:08:00

  • Homeowners facing rise in loan costs as property looks headed for a ...

    Times Online - The mortgage companies’ rate changes will not immediately affect borrowers who are locked into fixed-rate or variable deals. But hundreds of thousands of homeowners are likely to be hit later this year when they come to the end of their fixed-term ...
    2007-09-12 01:10:00

  • Mortgage crunch keeps brokers from conference (The Tennessean)

    With its industry reeling from a credit crisis that's put tens of thousands of people out of work and some companies out of business, the Tennessee Association of Mortgage Brokers has scaled back its annual convention, which began Tuesday in Nashville.
    2007-09-12 12:14:26

  • Mortgage companies told ads might be deceptive (The Post-Standard)

    The Federal Trade Commission has warned more than 200 companies about "potentially deceptive" mortgage advertisements in newspapers and magazines that could give borrowers a false impression of the cost of home loans.
    2007-09-12 02:16:03

  • UCLA forecast: 'Near recession'

    Antelope Valley Press - The entire process will be examined from the mortgage broker, to the lender, to the Wall Street securitizer and on to the ratings agencies. "Trust us, it won't be pretty and before it is over more than a few participants will be called 'merchants of ...
    2007-09-12 08:45:00

  • Manatee mortgages leave 45% strapped

    Bradenton Herald - Builders kept building, lenders kept lending and people kept buying," said Michelle Daniels, a mortgage broker with Intercoastal Lending Group Inc. in Bradenton. "Something had to break, and when it did, it all just came crashing down." But even ...
    2007-09-12 02:40:00

  • Broker Action For Wednesday, Sept. 12

    Forbes - ... share--far below his previous estimate of $2.54 a share. However, Hochstim forsees Chapter 11 in Thornburg Mortgage's future. He said the company's strong management team will eventually steer the company out of the subprime storm. Video : Broker ...
    2007-09-12 08:53:00

  • to win his battles

    Manila Times - The nastiest perhaps was his liaison with California-based mortgage-broker Gene Gamalinda who was initially his producer but later became the singer’s biggest headache when Gamalinda suddenly disappeared from the ...
    2007-09-12 09:50:00

  • Broker stocks seen as tough trade during earnings

    Reuters - ... week, all eyes will be on the results of Lehman Brothers Holdings (LEH.N: Quote , Profile , Research ) -- the first broker ... Subprime mortgage trauma, collapsing hedge funds and frozen credit markets all contributed to the worst summer for major U ...
    2007-09-12 11:09:00

  • Yes, there's something magical about cash, but don't take it for ...

    Boston Globe - Confident, he called a mortgage broker he knows. He asked what kind of financing he could get. "None," the broker told him. The broker, like thousands of others, had just seen the entire mortgage market shut down. Eventually, offers appeared - at over ...
    2007-09-12 02:05:00

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