Mortgage and Financial News From 2009-11-18 Page 01
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NJ’s first casino says it’s in dire straits - Canton Repository
A day before New Jersey’s oldest casino is expected to hand over the keys to its lenders, who haven’t been paid in a year, the casino laid out just how bad its financial condition is. In documents released Wednesday by the state Casino Control ...
2009-11-18 08:57:00 -
Another wave of foreclosures looms - USA Today
A second wave of foreclosures is poised to hit the market, potentially undermining housing recovery efforts as more homes add to the glut of inventory and drive down prices. These homes largely represent loans that are delinquent but have not yet ...
2009-11-18 07:59:00 -
Allan Little's journey: Parts 5-10 - BBC
Denesa has missed the last two instalments of her home loan Denesa - like Main Street USA - has a lot to be blue about. Denesa bought her home four years ago. Two years ago, her mortgage payments started rising, as interest rates went up.
2009-11-18 10:37:00 -
Arizona senators vote to start over on loan issue - Charleston Daily Mail
Bankers claimed there were abuses by borrowers walking away from loans. But the Legislature then repealed the changes when real estate agents complained about possible effects on home sales. A new bill was prepared in the current special session to ...
2009-11-18 10:08:00 -
Jackson man accused in mortgage fraud scheme may be headed to trial - MLive.com
A Jackson man accused of taking part in a scheme to defraud mortgage companies of thousands of dollars may stand trial in Jackson County Circuit Court. District Judge Michael Klaeren bound the case against Freddie Young, 44, over to the higher court ...
2009-11-18 10:16:00 -
Title company owners accused of fraud - Joplin Globe
The time frame the indictment cites for the alleged bank fraud, involving Great Southern Bank and Ozark Mountain Bank, is between April 1 and June 18 of 2007. The U.S. attorney’s office said in a news release Wednesday that mortgage companies and ...
2009-11-18 09:40:00 -
Starwood Property Trust, Inc. Announces Results of the Third Quarter ... - Stockhouse
Starwood Property Trust (NYSE: STWD), a real estate investment trust, focused primarily on originating, investing in, and financing commercial mortgage loans and other commercial real estate-related debt investments, today announced operating results ...
2009-11-16 03:08:00 -
Jessy San Miguel Joins HomeBanc as Mortgage Loan Officer - pepei.pennnet
Tampa-based HomeBancorp, Inc. has named Jessy San Miguel as Mortgage Loan Officer for HomeBanc. He is based in HomeBanc's Gainesville loan production office, located at 4031-A Northwest 97th Boulevard. Mr. San Miguel brings to HomeBanc more than ...
2009-11-18 09:22:00 -
Hiring Boom in Mortgage Restructuring - Wall Street Journal
Hiring Boom in Mortgage RestructuringWall Street JournalNate Cadena, who used to sell loans for AmeriCash Mortgage Bankers, is one of PennyMac's loan modifiers. He said his job today isn't all that different: He ...and more »
2009-11-18 07:23:24 -
Bond Yields Turn Against Cash-Rich Life Insurers - Wall Street Journal
Bond Yields Turn Against Cash-Rich Life InsurersWall Street JournalMeanwhile, in the government-agency residential-mortgage-bond area, once a haven for life insurers, executives say competition from the Federal Reserve for ...and more »
2009-11-18 07:23:28 -
Poor mortgage financing: FMBN blames bureaucracy, infrastructure - Daily Sun
Poor mortgage financing: FMBN blames bureaucracy, infrastructureDaily Sun... (pmis) in order to improve their capacity to generate the magnitude of quality mortgage loans necessary for the take off of the secondary market. ...
2009-11-18 07:26:39 -
Citi CEO open to credit card rate cap; says bank on upswing - Boston Globe
Citi CEO open to credit card rate cap; says bank on upswingBoston GlobeHe acknowledged Citi was part of the nation's credit problem when it made $120 billion in mortgage loans at the peak. Last year, he said, the bank made ...and more »
2009-11-18 07:29:13 -
Competition to Limit Bank Mortgage Costs, RBA's Debelle Says - Bloomberg
Competition to Limit Bank Mortgage Costs, RBA's Debelle SaysBloomberg... small mortgage lenders are losing market share to the nation's four biggest banks as they struggle to fund themselves with bonds backed by home loans. ...and more »
2009-11-18 07:53:21 -
Australian business credit expected to pick up-RBA - Reuters
Australian business credit expected to pick up-RBAReuters... mortgage market would remain stiff enough to stop banks from widening their margins on loans, even though many non-bank lenders had left the business. ...and more »
2009-11-18 08:02:48 -
Why Financials Really Are in Trouble - istockAnalyst.com (press release)
Why Financials Really Are in TroubleistockAnalyst.com (press release)Under these accounting standards, the company will record the underlying mortgage loans in these single-family PC trusts and some of its Structured ...and more »
2009-11-18 08:21:26