Mortgage and Financial News From 2007-8-30 Page 9

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  • Basis Seeks Bankruptcy Protection on Subprime Woes (Update4)

    Bloomberg - The fund invested in high-yield corporate and structured credit securities, including mortgage-backed bonds and collateralized-debt obligations, according to court documents. Blackstone's Advice In July, Basis hired Blackstone as an ...
    2007-08-30 01:23:00

  • Become the Boss of Your Finances

    Washington Post - Read more of my advice in: " A Mortgage Is For Paying Off ". So How Do You Buy a House Today? In the midst of mortgage meltdown, is it smart to put your home on the market? Well, according to real estate columnist Elizabeth Razzi, it depends on where you ...
    2007-08-30 03:39:00

  • UK July mortgage lending growth slips but approvals remain strong - BoE (The Forex Market)

    LONDON (Thomson Financial) - UK mortgage lending fell back in July suggesting interest rate rises are starting to impact the housing market, although this was offset by strong mortgage approvals numbers, figures from the Bank of England showed today.
    2007-08-30 08:51:08

  • DATA SNAP: UK Jul Mortgage Lending +GBP9.2B Vs Jun +GBP9.3B (The Forex Market)

    LONDON (Dow Jones)--Mortgage lending in the U.K. eased back in July as higher mortgage interest repayments continue to bite, while consumers increased their levels of unsecured borrowing to an eight-month high.
    2007-08-30 08:51:58

  • UPDATE: UK Mortgage Lending Resilient Despite Higher Rates (The Forex Market)

    (Updates story published at 0840 GMT with analyst comment, background.) LONDON (Dow Jones)--Mortgage lending in the U.K. eased back in July as higher mortgage interest repayments continue to bite, while consumers increased their levels of unsecured borrowing to an eight-month high.
    2007-08-30 11:50:50

  • Expert Offers Tips For Getting A Mortgage (WCCO Minneapolis/St. Paul)

    Those who seek to take out a new mortgage or refinance an existing one will be faced with higher interest rates and tougher requirements on everything from down payments and appraisals to credit scores and financial documentation. But a few helpful tips can help homebuyers and homeowners get the financing they need.
    2007-08-30 03:20:00

  • A Mortgage Is for Paying Off (Washington Post)

    African Americans are often the target of financial pitchmen trying to convince them they should never pay off their mortgages. Instead, the line goes, people should dig deeper into mortgage debt to purchase cars, fund their chosen lifestyles or invest.
    2007-08-30 03:26:02

  • Freddie Mac's net drops 45% on provisions

    Marketwatch - WASHINGTON (MarketWatch) -- Freddie Mac's second-quarter net income slipped 45%, primarily due to a higher provision for credit losses and mark-to-market losses on credit-related items, the mortgage giant reported Thursday. Also Thursday, Syron told ...
    2007-08-30 04:37:00

  • Broker Stocks Down on Lehman Downgrade

    Smart Money - ... Thursday that the banks' earnings would be significantly impacted by "the dislocation in the credit and asset backed/mortgage ... Broker Stocks Down on Lehman Downgrade (Bear Stearns Cos. (BSC), Deutsche Bank AG (DB), (DBK.XE), Freddie Mac (FRE ...
    2007-08-30 01:02:00

  • In Pictures: Rags To Riches Billionaires

    Forbes - Son of a Boston cabdriver borrowed $200 at age 12 to start selling newspapers. Later did stints as a mortgage broker, investment advisor and financial consultant. The high school drop out and Broadway enthusiast studied voice in his teens, but it was ...
    2007-08-29 09:17:00

  • Thursday's Sessions

    Washington Post - You should ask the lender what to do or if you are working with a mortgage broker. Otherwise if you have no balance on those cards that should not impact negatively your credit scores. _____ Harrisburg, Pa.: In your future business ...
    2007-08-30 04:01:00

  • The Broker Training Course:

    Earthtimes - WASHINGTON, DC -- 08/30/07 -- News Facts -- Free training in commercial mortgage brokering is offered by VEC Financial Group at its online web site: www.vecfinancial.com -- Based in Washington, DC, VEC Financial Group is a privately ...
    2007-08-30 02:06:00

  • Former Mortgage Broker Gets 4 Years In Prison

    Hartford Courant - A former mortgage broker who used a client's identity to buy herself a $400,000 house in a plum Manchester neighborhood is headed to prison after her conviction Tuesday on identity theft and forgery charges. A judge in Superior Court in Hartford ...
    2007-08-28 12:54:00

  • Expats urged to remember exit fee impact

    Daily Telegraph - One company, Conti Financial Services, is a specialist mortgage broker for overseas loans, and there is information on its website at www.mortgagesoverseas.com that will help you learn how to buy a property in the country you live in before you jump ...
    2007-08-30 11:50:00

  • Judge asked to reject bid to drop case vs. broker

    San Diego Union-Tribune - The details are contained in court papers filed yesterday by prosecutors asking a judge to reject the defense's request to dismiss the case against New York mortgage broker John Michael based on government misconduct. Michael and Poway defense ...
    2007-08-30 12:33:00

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