Mortgage and Financial News From 2010-5-7 Page 01
Previous Day: 2010-05-06
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Mortgage Insurer Turns to Lenders to Police Brokers - Wall Street Journal
The industry is very poor at self-policing," said Krista Railey, a mortgage-industry consultant in Canyon Lake, Calif. "Now is not the time to eliminate broker oversight" or to "emulate the practices of struggling entities" like Fannie and Freddie ...
2010-05-07 09:48:00 -
Wisconsin mortgage company enters market through Daniel ... - Charleston Regional Business Journal
Harwyn said that using the financial backing of Waterstone Bank gives the company the advantage of offering the power of a bank and the flexibility of a mortgage broker. “Waterstone has really captured for me the best of both worlds, economies of ...
2010-05-07 12:44:00 -
Indicted broker faces new fraud charges - Houston Chronicle
A mortgage broker already under indictment in a $1.4 million theft and money laundering case has now been charged with stealing almost $500,000 in another financial scam, the Harris County District Attorney's Office announced on Wednesday. Kevin ...
2010-05-05 08:54:00 -
Agent 'obliged' to ensure ability to repay loan - Sydney Morning Herald
But he said Violet's officers knew that Mr Schmidt was elderly, they knew that loan application forms lodged by a mortgage broker on Mr Schmidt's behalf contained discrepancies about the level of his income, and they knew that although the loan forms ...
2010-05-07 04:55:00 -
Mortgage broker bill now on Gov. Ritter's desk - Vail Daily News
A bill putting oversight of mortgage brokers in the hands of a board instead of embattled real-estate chief Erin Toll headed Wednesday to the governor, despite earlier objections from the House speaker and Toll's boss. House Speaker Terrance Carroll ...
2010-05-06 11:20:00 -
Y3S Loans promises to beat any quote - Mortgage Strategy
Y3S Loans promises to beat any quoteMortgage StrategyY3S Loans is promising that it will beat any like for like secured loan quotation a broker has obtained for their client from another master broker, ...
2010-05-07 12:07:51 -
Schwab To Settle Fund Suit - Emii.com
Schwab To Settle Fund SuitEmii.comThe fund posted losses due to its holdings of mortgage-backed securities, which comprised 50% of the portfolio. The broker did not admit liability, ...and more »
2010-05-07 12:17:25 -
Does Freddie Mac Deserve Another $10.6 Billion? - Financial News USA (press release)
Does Freddie Mac Deserve Another $10.6 Billion?Financial News USA (press release)All measures passed with affirmative votes exceeding 90% of the votes cast (excluding broker non-votes). The final voting results for each item will be ...and more »
2010-05-07 01:25:28 -
Faisal Shahzad's Money Mystery - CBS News
CBS NewsFaisal Shahzad's Money MysteryCBS NewsHe had a $200000 mortgage on his 3-bedroom Shelton, CT home that he unsuccessfully tried to sell for three years. Then, in February of 2009, he took out an ...and more »
2010-05-07 01:48:19 -
NAMB setting the bar on professionalism in the mortgage industry - National Mortgage Professional Magazine
National Mortgage Professional MagazineNAMB setting the bar on professionalism in the mortgage industryNational Mortgage Professional MagazineHe provided us with some important information, including discussing the important role the mortgage broker plays in the mortgage distribution channel. ...
2010-05-07 01:58:30 -
Tres Amigos opens new HQ; Builders and brokers looking for a comeback - The Daily Territorial
Tres Amigos opens new HQ; Builders and brokers looking for a comebackThe Daily TerritorialAccording to new Tucson foreclosure data from CoreLogic, the rate of foreclosures among outstanding mortgage loans was 2.39 percent for March, ...
2010-05-07 02:09:10 -
A Closer Look at Europe and the Fed's Central Bank Swap Program - Wall Street Journal (blog)
A Closer Look at Europe and the Fed's Central Bank Swap ProgramWall Street Journal (blog)“There is definitely stress,” says Louis Crandall, a money market analyst at Wrightson ICAP LLC, a money market broker. He adds that some borrowers in money ...and more »
2010-05-07 02:34:19 -
Company Shuts Down After CBS 5 Investigation - KPHO Phoenix
Company Shuts Down After CBS 5 InvestigationKPHO PhoenixThe cease and desist order said that Guardian was acting as a mortgage broker without a license and fined the company $100000. Guardian was also ordered to ...
2010-05-07 02:46:33 -
Navajo Youth in Bolivia: Climate Change Worthy Cause to Fight For - The NarcoSphere
Navajo Youth in Bolivia: Climate Change Worthy Cause to Fight ForThe NarcoSphereIt is revit license usually a part of complete mortgage solutions designed specifically for the independent mortgage broker that delivers reliable and cost ...
2010-05-07 02:55:52 -
Apple, SanDisk, other big gainers stay positive despite selloff; Google in the red - MarketWatch
Apple, SanDisk, other big gainers stay positive despite selloff; Google in the redMarketWatch... selloff stemming from the sub-prime mortgage meltdown. Reitzes kept his price target on Apple at $315. The stock is now below all but two of the broker ...and more »
2010-05-07 03:43:42