Mortgage and Financial News From 2007-10-26 Page 26
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Bank to end loans to mortgage brokers
Boston Globe - At least 100 mortgage companies have halted loans, closed, or sold themselves this year. Foreclosures set a record in the second quarter, according to the Mortgage Bankers Association, cutting into demand from investors who buy mortgage-backed assets
2007-10-26 01:05:00 -
Chevron, Safeway, Wells, Union Bank among local companies giving wildfire relief funds (bizjournals.com via Yahoo! Finance)
Chevron Corp., Safeway Inc., Wells Fargo & Co. and Union Bank of California are among the local companies committing funds to relief efforts for communities affected by the Southern California wildfires.
2007-10-25 02:19:13 -
Impact of mortgage market troubles on economy could last two years, Buffett says (The News Journal)
DAEGU, South Korea -- American billionaire investor Warren Buffett said Thursday that problems in the U.S. subprime mortgage market will likely weigh on consumers for up to two years, but that the U.S. economy will weather the storm.
2007-10-26 01:02:33 -
Mortgage industry pushes for e-mortgages despite drawbacks (The Plainfield Sun)
The dream of today's mortgage lenders and brokers: paperless e-mortgages. The Internet and the digital era have opened the door to almost everything else - why not replace those piles of mortgage paper documents with a fast and easy paperless digital system? It could save a lot of time, money and frustration. But there are formidable problems in its development.
2007-10-26 02:00:50 -
Bank to end loans to mortgage brokers (Boston Globe)
CHARLOTTE - Bank of America Corp. , the second-biggest US bank, plans to stop making loans to mortgage brokers by year-end, a move that will cut 700 jobs, the bank said yesterday.
2007-10-26 03:53:26 -
Mortgage and title companies, disregarding federal regulations, are found to toss boxes full of personal financial ... (Reading Eagle)
Mortgage and title companies, disregarding federal regulations, are found to toss boxes full of personal financial information into Dumpsters.
2007-10-25 10:32:14 -
Weststar Financial Services Corporation Reports Record Assets of $170 ...
CNBC - Weststar Financial Services Corporation owns 100% interest in Weststar Financial Services Corporation I, a statutory trust, and 50% interest in Bank of Asheville Mortgage Company, LLC, a mortgage broker. The bank operates five full-service banking ...
2007-10-25 11:51:00 -
Foreclosure crisis could worsen, officials say
Chicago Tribune - Poor communities on the South Side and in the south suburbs, she said, are prone to illegal mortgage practices -- everything from a broker or lender overstating a borrower's income to inflating property values on a loan application. The Woodstock ...
2007-10-26 03:43:00 -
Costs hit us where we live
Seattle Times - At the "By the People" event, participants listened to a panel discussion with a mortgage broker, a developer and a representative from the Seattle Housing Authority. They then broke into small groups to come up with survey questions that Rice hopes ...
2007-10-26 12:15:00 -
As fires wane, lives in ruin
Miami Herald - ... emptied, and residents in some neighborhoods returned to their streets, many lined with the wreckage of melted cars. Neighbors of the dead couple told authorities they last saw the two -- identified as John Christopher Bain, 58, a mortgage broker, and ...
2007-10-25 11:54:00 -
6 Burned Bodies Found in California
Forbes - They were identified as John Christopher Bain, 58, a mortgage broker, and his wife, Victoria Fox, 55, a teacher. A relative who did not want to be identified because she was too distraught to talk to other reporters confirmed the deaths to The ...
2007-10-26 03:43:00 -
Mortgage broker named Wales' best
Evening Leader - A FORMER Evening Leader reporter turned mortgage broker is celebrating after scooping an award for being the best in Wales. Copeland Mortgage Services came out on top at the Pink Home Loans Service Awards, winning the category for the Best Mortgage ...
2007-10-26 01:34:00 -
First Meridian Mortgage considering expansion (BizJournals)
First Meridian Mortgage Corp. of Florida is considering an expansion of its Louisville operation that would create 18 full-time jobs with an average annual payroll of $910,000.
2007-10-25 12:55:21 -
Citing fraud, state closes loan broker (Boston Globe)
State banking regulators shut down New England Merchants Corp. on Wednesday, charging that the Arlington mortgage firm inflated incomes of borrowers on loan applications and used unlicensed loan brokers.
2007-10-26 03:36:48 -
Mortgage broker named Wales' best (Evening Leader)
A FORMER Evening Leader reporter turned mortgage broker is celebrating after scooping an award for being the best in Wales.
2007-10-26 02:29:30