Mortgage and Financial News From 2007-10-23 Page 11

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  • Housing regulator privately urged to loosen mortgage portfolio limits ...

    CNBC - The request initially was rejected, sparking a divisive political debate that prompted more than a dozen interested parties to write the regulator in favor of temporarily loosening portfolio restraints on the government-sponsored mortgage companies ...
    2007-10-23 10:20:00

  • Popular mortgage "mods" fuel moral hazard

    Reuters - NEW YORK (Reuters) - Mortgage companies scrambling to ease the terms on thousands of loans destined for default may be doing more harm than good by rewarding investors and homeowners who took on excessive risk. Efforts to help Americans pay their ...
    2007-10-23 11:53:00

  • Mortgage companies sharply lower; FBR expects sector to remain under pressure (Sharewatch)

    NEW YORK (Thomson Financial) - Shares of mortgage companies traded mostly lower Tuesday after an analyst at Friedman, Billings, Ramsey said falling housing prices and higher credit costs will keep the sector under pressure for the next fourth to six quarters.
    2007-10-23 12:33:01

  • Daniloo, Peterson likely too busy for MySpace

    Modesto Bee - From the e-mails, voice mails and whatever: WEB OF INTRIGUE -- Trusting what you find on the Internet sometimes can be like, well, trusting Tony Daniloo. Daniloo, the former Modesto mortgage broker, pleaded guilty in December to 122 counts of fraud ...
    2007-10-23 04:43:00

  • Comdirect Profit Climbs 29% on Higher Trading Volume (Update2)

    Bloomberg - Comdirect, controlled by Germany's second-biggest bank Commerzbank AG, carried out 52 percent more trades in the quarter than a year earlier as the U.S. subprime mortgage crisis and credit crunch boosted market volatility. The broker raised its ...
    2007-10-23 01:52:00

  • Candidates get jump on '08

    St. Petersburg Times - A resident of Weeki Wachee, the Realtor, mortgage broker and notary said he is running because he is fed up with current county leaders. "Our government is certainly not representing its constituents," Zydenbos said, singling out Stabins. "It's very ...
    2007-10-22 09:05:00

  • Protect Yourself Amid the Mortgage Mess

    Motley Fool - A buyer's broker also cannot promise that if you take a less-than-optimal mortgage to get into a home, you'll be able to refinance later. That's a decision that's up to the lenders. While it may once have been easy, it's not so simple any longer. ...
    2007-10-23 09:15:00

  • ABC's Ross Accuses Rudy of Being Pedophile Priest's Pal

    News Busters - Richard Tollner, now a mortgage broker in Albany, New York, was a student at a boy's Catholic high school where Placa taught. Appearing publicly for the first time, Tollner says the abuse started when he and Placa were making posters for a Right to ...
    2007-10-23 10:20:00

  • HSBC Closing 30 Branches in Canada

    Forbes - He said the firm is discontinuing its non-prime, broker-based mortgage services in Canada and is also tightening its credit policies as part of a "repositioning." Some of the employees affected by the closing, effective Oct. 31, will get other jobs in ...
    2007-10-23 09:44:00

  • Canada unit of HSBC Finance to shut branches

    Reuters Canada - HSBC Financial Corp, which makes loans to consumers, writes mortgages and extends personal lines of credit, is also discontinuing its small, non-prime mortgage broker-based business in Canada, Yee said. HSBC Financial Corp operates separately from ...
    2007-10-23 11:03:00

  • Use the Australian Mortgage Broker Survey 2007 to Understand Brokers ...

    Forbes - Research and Markets (http://www.researchandmarkets.com/reports/c72260) has announced the addition of "The Australian Mortgage Broker Survey 2007: Market Review" to their offering. In the Australian Mortgage Broker Survey 2007, 26% of brokers thought ...
    2007-10-22 08:58:00

  • Postal inspectors raided mortgage broker home (The Patriot-News)

    The Berks County home of Wesley A. Snyder, president of bankrupt mortgage-brokerage business, was raided yesterday by U.S. Postal inspectors. The bankruptcy of Snyder’s companies, Personal Financial Management Inc. and Image Masters, has saddled 800 people with tens of thousands of dollars of additional, unexpected mortgage debt, according to the Lancaster Intelligencer Journal.
    2007-10-23 07:40:35

  • Use the Australian Mortgage Broker Survey 2007 to Understand Brokers Thoughts on Various Mortgage Issues and Challenges (Business Wire via Yahoo! Finance)

    DUBLIN, Ireland----Research and Markets has announced the addition of "The Australian Mortgage Broker Survey 2007: Market Review" to their offering.
    2007-10-22 07:00:00

  • Use the Australian Mortgage Broker Survey 2007 to Understand Brokers Thoughts on Various Mortgage Issues and Challenges (Business Wire via Yahoo!7 Finance)

    Research and Markets (http://www.researchandmarkets.com/reports/c72260) has announced the addition of "The Australian Mortgage Broker Survey 2007: Market Review" to their offering.
    2007-10-22 07:00:00

  • Alliance & Leicester to install Intelligent Deposit ATMs

    Computer Business Review - ... being able to self-serve for a wide array of quick, routine transactions and find the NCR intelligent deposit ATMs very easy to use. This frees up our highly experienced staff to meet customer demand for specialist advice on a wide range of mortgage ...
    2007-10-23 02:49:00

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