Mortgage and Financial News From 2009-9-15 Page 01
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Woolwich joins battle for cash-rich borrowers - Times Online
Britain’s biggest mortgage lenders are battling to attract cash-rich borrowers with historically low interest rates, but experts have warned that many borrowers are still being excluded from the best deals. Woolwich, the mortgage lender owned by ...
2009-09-15 05:00:00 -
Key elements of the Obama financial overhaul - Lexington Herald-Leader
- Federally chartered banks would be overseen by a new national bank supervisor. This agency would be created through the merger of the Office of the Comptroller of the Currency and the Office of Thrift Supervision, which would be eliminated. - Bank ...
2009-09-15 04:53:00 -
Commercial foreclosures rise, but East Tennessee fares better than ... - WBIR
Outside the building, the cobwebs that have accumulated on the Northshore Town Center's doors tell the story of a building that didn't live up to expectations for one developer in an economy that's been a challenge to say the least. A group defaulted ...
2009-09-15 05:00:00 -
We Need to Support Obama in Overhauling the Financial Industry, Before ... - Huffingtonpost.com
New York -- Yesterday as I entered Federal Hall in the heart of Wall Street to hear President Barack Obama's speech, a huge crowd gathered outside the building hoping for a glimpse of President Obama. Inside the hall I sat down with 150 Wall Street ...
2009-09-15 05:08:00 -
SEC Task Force to Examine Life-Insurance Settlements - Wall Street Journal
WASHINGTON—The Securities and Exchange Commission has set up an agency-wide task force to examine a financial product in which people collect cash for selling their existing life-insurance contracts. The product, known as a life-insurance ...
2009-09-15 05:43:00 -
Griffin Shifts Funds’ Strategy to Fortify Citadel (Update1) - Bloomberg
Sept. 16 (Bloomberg) -- Ken Griffin started trading convertible bonds 22 years ago from his Harvard University dorm room. Now he’s moving away from the investments that made him a billionaire hedge-fund manager -- and unraveled last year, leaving ...
2009-09-15 05:51:00 -
Happy Anniversary Financial Crisis: It’s Not Over Yet - The Epoch Times
Customers wait in line to remove their savings from a branch of The Northern Rock bank on Sept. 17, 2007 in Kingston-Upon-Thames, England. The run on Northern Rock marked the beginning of the economic crisis that still dogs the world's economies ...
2009-09-15 06:48:00 -
Short sales continue to grow in Maryland - Maryland Daily Record
OCEAN CITY — Two years ago, Ellicott City-based real estate agent Matt Fein began trying to sell a friend’s town home in Columbia. The home was in good condition, he said, and worth about $310,000, but the client owed $380,000, spread out over ...
2009-09-15 06:41:00 -
Mixed Signals About The Economy Continue - HULIQ.com
Federal Reserve Chairman Bernanke said today that the recession “Is very likely over” but job losses will continue to rise. Isn’t that like saying, I am in better shape now but I am still getting fatter? Of all the statistics that we hear about ...
2009-09-15 06:55:00 -
IRS issues rules to ease mortgage refinancing - Wave 3
WASHINGTON (AP) - The IRS issued new rules Tuesday designed to make it easier to refinance some commercial real estate loans in an effort to curb the number of defaults. The rules would allow commercial loans that are part of investment pools known ...
2009-09-15 08:07:00 -
MOVES-NYSE Euronext, Collins Stewart, 3i - Forbes
MOVES-NYSE Euronext, Collins Stewart, 3iForbesThe interdealer broker hired Laura Prager and Linda Prager as co-heads and managing directors of its alternative investments group, which will provide ...and more »
2009-09-15 02:17:33 -
The Secret Test That Ensures Lenders Win on Loan Mods - ProPublica
The Secret Test That Ensures Lenders Win on Loan ModsProPublicaNathan Reynolds, a mortgage broker assisting the 83-year-old Illinois homeowner with her loan modification on a pro bono basis, was given the rare chance by ...and more »
2009-09-15 02:36:56 -
Schwab shares down, E*Trade up, both on outlooks - Reuters
Schwab shares down, E*Trade up, both on outlooksReutersSchwab, the largest US discount broker, said "headwinds persist" in the form of lower trading volumes and declining short-term interest rates, ...and more »
2009-09-15 03:31:26 -
Mortgage broker unloading Kirkland 3BD - Blockshopper
BlockshopperMortgage broker unloading Kirkland 3BDBlockshopperShokrani has been a senior mortgage broker at Compass Mortgage, a real estate firm with offices in Warrenville, Hamilton, Mont., and Missoula, Mont.
2009-09-15 05:11:25 -
Commercial foreclosures rise, but East Tennessee fares better than ... - WBIR-TV
Commercial foreclosures rise, but East Tennessee fares better than ...WBIR-TV"There are some losses that are going to occur in the real estate world," Winston Frazier, a Knoxville-based commercial mortgage broker, said. ...
2009-09-15 05:15:56