Mortgage and Financial News From 2008-1-2 Page 01

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• Detroit has become favorite target of Democratic hopefuls

  Detroit News - Edwards has called for a seven-year freeze on increases in adjustable-rate mortgages and federal financing to help mortgage borrowers keep their homes. Obama has called for better disclosure to consumers of mortgage terms and a crackdown on lenders. ...
  2008-01-02 09:53:00

• Oil hits $100 a barrel

  Sacramento Business Journal - Bank, mortgage lenders met a day of reckoning in 2007 [Albuquerque] Bascuas drops from college search [Buffalo] Miami commissioner Spence-Jones launches defense fund [South Florida] The price for light, sweet crude oil hit $100 a barrel on the New ...
  2008-01-02 01:39:00

• PHH Calls The Whole Thing Off

  Forbes - Mortgage lenders came under increasing pressure during the second half of 2007 amid rising defaults and declining house sales and prices. Many mortgage lenders during that time have gone out of business and those that have been sold, have exchanged ...
  2008-01-02 01:25:00

• Seasonal spending to boost insolvent cases

  Financial Times - This is because the credit squeeze has resulted in mortgage lenders raising rates and becoming more selective in offering home loans to consumers. Mr Gerrard predicts that things will get worse in 2008 with banks tightening their lending and a ...
  2008-01-02 05:57:00

• Fiserv sells mortgage credit reporting unit

  MSN MoneyCentral - The purchase of CredStar expands First Advantage's position in the U.S. mortgage credit reporting industry, where it already services 19 of the top 20 lenders, First Advantage (NASDAQ: FADV) said Wednesday. CredStar was part of Brookfield-based Fiserv ...
  2008-01-02 03:12:00

• Mortgage lenders now must register

  Providence Journal - Of all the players in the financial world who have come under scrutiny for their role in the subprime mortgage mess, one group that critics say has operated largely off the radar are mortgage brokers. Now, that is about to change. Rhode Island ...
  2008-01-02 06:47:00

• Brown needs 'dynamism and confidence' to overcome woes

  Financial Times - ... which saw an initial good start mired by a series of set-backs from the negative fall-out over the prime minister's decision to rule out calling a widely anticipated general election to the near collapse of one of the UK's biggest mortgage lenders ...
  2008-01-02 09:25:00

• States Announce Plan to Increase Regulation of Mortgage Brokers

  Bloomberg - This significant and necessary step forward should better protect borrowers by bringing greater consistency across the states to the supervision of mortgage lenders,'' Federal Reserve Governor Randall Kroszner said in a statement. ``Nationwide ...
  2008-01-02 10:48:00

• First Advantage buys Fiserv's CredStar

  Boston Globe - ST. PETERSBURG, Fla.— First Advantage Corp. bought Fiserv Inc.'s CredStar, a credit-reporting agency catering to mortgage lenders, the companies said Wednesday. The purchase price was not disclosed. CredStar, based in Los Angeles with offices in ...
  2008-01-02 03:27:00

• Firm’s shares rise after lenders meet

  Reading Eagle - LONDON — Alliance & Leicester shares jumped almost 9 percent on Wednesday following reports that the mortgage lender had met with Spain’s Banco Santander. Several British newspapers reported the pair held talks in December, but that they failed ...
  2008-01-02 10:15:00

• Mortgage lenders now must register - Providence Journal

  Mortgage lenders now must register Providence Journal, RI - 2 hours ago The stricter regulations come during a national lending crisis that has felled more than 200 mortgage lenders nationwide, and forced numerous smaller ...
  2008-01-02 09:30:58

• Leveraged Loans Lose $28 Billion While Carlyle Gets Punished - Bloomberg

  Leveraged Loans Lose $28 Billion While Carlyle Gets Punished Bloomberg - 2 hours ago Lenders are taking advantage of the distress to recoup losses after the collapse of the subprime mortgage market caused $551 billion of so-called leveraged ...
  2008-01-02 09:31:20

• Failure to find buyer for mortgage broker - Daily Echo

  Failure to find buyer for mortgage broker Daily Echo, UK - 2 hours ago Only a skeleton staff remains at The Mortgage Lender after around 190 workers were laid off in the run-up to Christmas. Offers for the Whiteley-based ...
  2008-01-02 09:32:38

• National City slashes dividend, 900 mortgage jobs - Reuters

  National City slashes dividend, 900 mortgage jobs Reuters - 1 hour ago N: Quote, Profile, Research) among large US mortgage lenders to reduce its dividend in the last month. National City operates about 1445 branches, ...
  2008-01-02 10:02:29

• Detroit has become favorite target of Democratic hopefuls - DetNews.com

  Detroit has become favorite target of Democratic hopefuls DetNews.com, MI - 1 hour ago ... financing to help mortgage borrowers keep their homes. Obama has called for better disclosure to consumers of mortgage terms and a crackdown on lenders .
  2008-01-02 10:04:18

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