Mortgage and Financial News From 2007-12-15 Page 12
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Bill aims to ease mortgage crisis (Lawrence Journal-World)
The Senate moved against the worsening mortgage crisis Friday, voting to make it easier for thousands of homeowners with ballooning interest rates to refinance into federally insured loans. The legislation, approved 93-1, would allow the Federal Housing Administration to back refinanced loans for borrowers who are delinquent on payments because their mortgages are resetting to sharply higher ...
2007-12-14 10:01:31 -
Senate bill tackles mortgage crisis (The Aspen Times)
WASHINGTON The Senate moved against the worsening mortgage crisis Friday, voting to make it easier for thousands of homeowners with ballooning interest rates to refinance into federally insured loans.
2007-12-15 05:46:56 -
Canadians Snapping Up U.S. Houses
The Ledger - The mortgage meltdown, combined with a surging Canadian currency, has Farley - and many of his countrymen - dreaming of winter ... Rick Morielli, a former real estate broker from Toronto, received his green card in November, posted a Canadian realty Web ...
2007-12-15 02:55:00 -
Attorney general sues three Stark businesses
Canton Repository - Lake Township-based Senate Banc, formerly AAA Banc Group, is a mortgage broker, according to the complaint. No officers for the company are named. The other two businesses — Interest Reduction Center and Efficient Payment Group, both of Perry ...
2007-12-14 09:19:00 -
Bernanke: Fed Eyeing Mortgage Broker Pay
Forbes - U.S. Federal Reserve Chairman Ben Bernanke said Friday that the Fed will consider whether consumers need more information on how mortgage brokers are paid as part of its efforts to improve transparency in the mortgage industry. In a letter to Rep ...
2007-12-14 02:02:00 -
Between Concessions and Commissions, a Murky Kind of Math (Washington Post)
Q: We engaged a real estate broker to sell our house. The listing agreement obligated us to pay a 5 percent commission based on the sales price. The broker found a buyer, but to get him to sign the contract, we agreed to give a 3 percent "seller concession."
2007-12-14 04:18:00 -
US No.1 mortgage lender under investigation (China Daily)
LOS ANGELES -- The US No. 1 mortgage lender, Countrywide Financial Corp., was under investigation by California Attorney General Jerry Brown and the attorney general's office in Illinois, a news report released on Friday.
2007-12-14 06:26:36 -
U.S. No.1 mortgage lender under investigation (People's Daily)
The U.S. No. 1 mortgage lender, Countrywide Financial Corp., was under investigation by California Attorney General Jerry Brown and the attorney general's office in Illinois, it was reported on Friday. Countrywide has acknowledged r ...
2007-12-14 07:17:26 -
Mortgage broker fees in need of reform (Seattle Times)
This is Part 1 of a two-part series.
2007-12-15 02:05:59 -
Bernanke: Fed Eyeing Mortgage Broker Pay (AP via Yahoo! Finance)
U.S. Federal Reserve Chairman Ben Bernanke said Friday that the Fed will consider whether consumers need more information on how mortgage brokers are paid as part of its efforts to improve transparency in the mortgage industry.
2007-12-14 01:59:19 -
US, China Hold Pointed Trade Talks
San Francisco Gate - A new resource for small businesses. Get expert advice, forms and more. SFGate Technology : It's a high-tech world - - we ... Paulson said the American economy was sound despite the sub-prime mortgage crisis and turmoil in capital markets, a response ...
2007-12-13 01:03:00 -
Iraq vet ensnared in mortgage mess
Seattle Post Intelligencer - ... to 2007, Barton, 34, his wife, Sarah, their two young sons and a third child on the way became caught in the subprime mortgage ... Barton says he wants no special favors, just some good advice from anyone out there. "I'm not looking for the George-Bailey ...
2007-12-13 03:58:00 -
Tamweel prices $300m sukuk
AME Info - Mortgage firm Tamweel has revealed its $300m exchangeable sukuk, which was oversubscribed within hours of its launch, has been ... The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Communications ...
2007-12-15 03:09:00 -
Ameriquest Mortgage Co articles from
East Bay Business Times - ... mails restitution checks [Conde Nast Portfolio] Settlement checks mailed in Ameriquest predatory lending case [Philadelphia Inquirer] Mortgage Lender To Pay Nearly 30,000 Florida Homeowners In Settlement [ABC 9 Orlando (WFTV)] Applause and advice for 'Do ...
2007-12-14 10:34:00 -
Hold on for the ride with Northgate
Daily Telegraph - The insurer admitted it has been caught up in the sub-prime mortgage lending crisis, having invested in sub-prime bonds, but ... Lloyd's underwriters these past few months is that they will have insured directors and companies being sued for bad advice ...
2007-12-15 01:08:00
