Mortgage and Financial News From 2007-10-5 Page 7

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  • Sovereign Bancorp sees hefty 3Q charges related to mortgage-backed ...

    CNBC - The company also expects to record about $35 million in charges, including charges of about $20 million pretax related to losses on loans provided to some mortgage companies that have declared bankruptcy or defaulted on certain agreements. Sovereign ...
    2007-10-05 12:43:00

  • R&G Financial Corporation Updates Status of Certain Mortgage Banking Licenses and Credit Facilities (FinanzNachrichten)

    SAN JUAN, Puerto Rico, Oct. 5 /PRNewswire-FirstCall/ -- R&G Financial Corporation, ( Nachrichten ) San Juan, Puerto Rico (the "Company"), a bank holding company with operations focused in Puerto Rico, today provided an update on the status of certain of its mortgage banking licenses, including the reinstatement of its status as an approved lender for the U.S. Department of Housing and Urban ...
    2007-10-05 02:32:59

  • Homeowner Loan Requests Backing Up Mortgage Companies (Multi-Housing News)

    New York -- The rapidly increasing amount of homeowners trying to renegotiate their loans are creating a pile-up at U.S. mortgage companies, the Financial Times reported Thursday.
    2007-10-05 12:04:49

  • Mortgage company closes office in Kent County

    WWMT - ... because lending companies have sensitive information like social security numbers they often can't give two weeks notice. Employees were told to clean out their desks, the office was shut down, and sensitive material was secured. One mortgage broker ...
    2007-10-04 04:45:00

  • Euroshares close higher on encouraging US jobs data, easing credit ...

    CNN Money - ... fell 2 pct as the Financial Times said the company was forced to borrow a further 2.9 bln stg from the Bank of England last week to shore up its funding needs. In broker action, ABN Amro downgraded HBOS, down 1.2 pct, to 'hold' from 'buy'. Mortgage ...
    2007-10-05 11:53:00

  • Mortgage firm gets national ranking

    Stamford Advocate - Jeff Jensen and Connecticut Home Mortgage, a full-service mortgage broker and banking firm, were named to the 2006 Broker Magazine's list of the top mortgage originators and mortgage companies nationwide. This is the second consecutive year that ...
    2007-10-05 01:59:00

  • Merrill's outlook was stable, now negative-Moody's

    Reuters - ... Moody's Investors Service on Friday changed its outlook on Merrill Lynch & Co (MER.N: Quote , Profile , Research ) to negative from stable after the investment bank said it would write down $4.5 billion in structured products and subprime mortgage ...
    2007-10-05 08:54:00

  • Apex Mortgage calls it quits

    MSN MoneyCentral - Apex Mortgage, a Florida-based residential loan broker that lost its business license in North Carolina and a handful of other states earlier earlier this year, has ceased operations. At its height, Apex, which sometimes spelled its name Aapex, had ...
    2007-10-05 02:16:00

  • Lawmakers target mortgage brokers (The Nashua Telegraph)

    WASHINGTON -- Mortgage brokers, under fire for steering borrowers into high-cost home loans, are a prime target of fair-lending legislation soon to be unveiled on Capitol Hill. ... - By JONATHAN PETERSON Los Angeles Times
    2007-10-05 01:36:20

  • Ellen James Martin: Buyers still can get in mortgage trouble (San Antonio Express-News)

    With the surge in foreclosures, you'd think home buyers would be extremely wary about committing to a mortgage that could stretch them beyond their means.
    2007-10-05 02:28:14

  • Apex Mortgage calls it quits (BizJournals)

    Apex Mortgage, a Florida-based residential loan broker that lost its business license in North Carolina and a handful of other states earlier earlier this year, has ceased operations.
    2007-10-05 02:12:08

  • Mary Holm: Not all debt is created equal

    New Zealand Herald - It's a great idea to pay off your mortgage as fast as possible. Paying off a 9 per cent mortgage, for example, is equivalent to ... Her advice is of a general nature and she is not responsible for any loss that any reader may suffer from following it ...
    2007-10-05 09:23:00

  • Mixed Changes of the Mortgage Rates

    Best Syndication - Last week the Freddie Mac's Primary Mortgage Market Survey showed some changes in the shorter term rates that decline several ... Syndication is for informational purposes only and is not meant to be advice. You should always seek professional advice ...
    2007-10-03 05:53:00

  • Statement by Tig Gilliam, CEO of Adecco North America, on September's ...

    Forbes - ... order to take advantage of a holiday season market opportunity, while simultaneously reducing resources assigned to mortgage ... 700,000 people find work every day and are fully committed to providing our candidates with career counseling and advice to ...
    2007-10-05 06:38:00

  • Gulf News Archive

    Gulf News - From time to time I am asked for advice on buying property. Where to start and what to do are among the questions frequently ... A pre-approved mortgage is ensures you are definitely in a position to buy a property when you find one. The down payment also ...
    2007-10-05 11:53:00

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