Mortgage and Financial News From 2007-10-23 Page 17

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  • $16B From Countrywide To Modify Loans (Local 6 Orlando)

    The nation's largest mortgage lender will begin offering refinancing or modifications on $16 billion in loans whose interest rate is set to adjust by the end of 2008.
    2007-10-23 06:59:43

  • Investors ignore higher rates (News 24 South Africa)

    Despite increases in interest rates and higher fuel and food prices, investors remain confident about returns on the local equity market, a survey shows.
    2007-10-23 07:24:57

  • PSMH Announces More Growth

    Forbes - We Walk You Home. Because the mortgage process is so complex and often confusing, the company has chosen to walk hand-in-hand with each client through the entire process. PSM Holdings, Inc. (PSMH), the parent company, is now a publicly traded company ...
    2007-10-23 01:59:00

  • Frank's bill seeks rules for lenders

    Boston Globe - US Representative Barney Frank introduced legislation yesterday that would establish for the first time close federal supervision of mortgage brokers, who have become the dominant providers of home loans - particularly the subprime loans at the heart ...
    2007-10-23 02:13:00

  • Wall Street Headed to Higher Open

    CNBC - HOME ... economy escalated, when several blue-chip companies offered dimmer-than-anticipated outlooks and S&P downgraded more mortgage ...
    2007-10-23 03:53:00

  • U.S. sneezes, Canada stays healthy

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World Americas Europe Asia-Pacific Africa-Mideast ... But low mortgage rates will be key: It seems to be monthly carrying costs, not purchase price, that drives this market. Invest ...
    2007-10-23 05:48:00

  • Countrywide to refinance or modify $16-billion in mortgages

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World Americas Europe Asia-Pacific Africa-Mideast ... CALABASAS, Calif. — — Countrywide Financial Corp., the largest U.S. mortgage lender, said Tuesday it will begin calling ...
    2007-10-23 06:24:00

  • Countrywide To Refinance, Modify Up To $16 Billion Loans

    CNN Money - Countrywide Financial Corp. (CFC) plans to refinance or modify up to $16 billion of loans for borrowers who are facing an adjustable-rate mortgage reset through the end of 2008. The company said it is launching a "home preservation program" to reach ...
    2007-10-23 04:15:00

  • Real Estate: Mortgage crisis gives new life to once-handy FHA loans

    Arizona Daily Star - On the national level, slow real estate sales and sinking prices are prompting some comparisons to the Great Depression. Little wonder, then, that a home-buying program from the New Deal is beginning to make a comeback. Federal Housing Administration ...
    2007-10-23 12:40:00

  • Reverse Mortgage Leader Vertical Lend Continues to Hire in Detroit ...

    CNBC - The reverse mortgage market is a virtually untapped market with 20 million seniors who own a home and less than 2% current market penetration. Further, this market is unaffected by what is happening in the forward mortgage market. We are pleased to ...
    2007-10-23 06:02:00

  • Fund to encourage renovation mortgage (The Advocate)

    NEW ORLEANS (AP) -- A $4.5 million home renovation reserve fund, designed to help spur renovation mortgage activity in part of New Orleans and Lake Charles, is being established, it was announced Monday.
    2007-10-22 12:22:35

  • Bill would set minimum standards for home-loan underwriting (The Hill)

    Hoping to prevent a future bout of risky mortgage lending, House Financial Services Chairman Barney Frank (D-Mass.) unveiled legislation on Monday to institute basic underwriting standards for all home loans.
    2007-10-22 04:25:00

  • Southeast supervisor candidate says he paid off mortgage (The Journal News)

    SOUTHEAST - Republican supervisor candidate Michael Rights, who, according to county records faces a foreclosure action on his Windswept Circle home, said he paid off his entire mortgage last week.
    2007-10-22 11:42:40

  • Mortgage broker raided (Lancaster Online)

    The U.S. Postal Inspection Service confirmed Monday that it has raided the home of Wesley A. Snyder, the president of a bankrupt mortgage-brokerage business that has saddled 800 homeowners with tens of thousands of dollars of additional, unexpected mortgage debt.Oriey Glenn, the acting ins...
    2007-10-22 11:42:54

  • Sector Roundup: Mortgage Finance, Pharma (AP via Yahoo! Finance)

    A Lehman Brothers analyst downgraded a battery of mortgage lenders and insurers on Monday, saying the struggling housing market will indefinitely make business difficult for companies exposed to people missing payments on home loans.
    2007-10-22 02:52:47

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