Mortgage and Financial News From 2007-8-25 Page 14
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Ezone interest rate rise now "unlikely" (Ireland Business World)
Recent turbulence in financial markets has transformed the international interest rate outlook, according to the August edition of Bank of Ireland Global Markets' Economic Research Bulletin published today.
2007-08-24 09:51:16 -
State treasurer to offer interest rate reductions for loans to flood victims (News Journal)
MANSFIELD — Ohio Treasurer Richard Cordray will give priority consideration to businesses and farmers hurt by recent flooding in Ohio when they apply for interest rate reductions on their bank loans through the treasurer’s Small Business Linked Deposit program, his office announced Friday.
2007-08-24 09:15:42 -
Grand jury indicts 2 for alleged mortgage fraud
Columbus Business Journal - Corna, who Lawler said was the alleged recipient of proceeds from the sales, has been associated with several area mortgage companies, including Sunrise Mortgage on McKitrick Boulevard, where he served as owner and operator. Corna in June 2006 was ...
2007-08-24 07:00:00 -
BB&T to acquire commercial mortgage company Collateral Real
MSN MoneyCentral - One of the largest privately owned commercial mortgage companies in the nation, Collateral's production volume was more than $5 billion in 2006. Collateral has about 180 employees in its 14 offices and Birmingham, Ala.- based corporate ...
2007-08-23 12:27:00 -
Commercial Real Estate Right On The Money
Forbes - Since the credit squeeze tightened its grip on Wall Street a common refrain is that mergers and acquisitions are disappearing as companies hunker down through a crisis in the mortgage industry. But BB&T , the Winston-Salem, N.C.-based bank, changed ...
2007-08-24 11:39:00 -
Job cuts a part of subprime shakeout
Indianapolis Star - The collapse of the subprime lending market -- composed of companies more likely to provide loans to homebuyers with poor credit histories -- has hit mortgage companies and borrowers in Indianapolis and elsewhere across the country. Changes in the ...
2007-08-25 12:22:00 -
Freddie Mac Spent $4.3M Lobbying
MSN MoneyCentral - Similar legislation is pending in the Senate, but the administration has insisted that in order for Bush to sign it, the bill must give the new regulatory agency called for in the legislation broader authority to reduce the companies' mortgage ...
2007-08-24 09:59:00 -
Job market may be in for bleak Christmas
Reuters - The obvious blows to the jobs market will come from construction and financial services, which includes mortgage companies, but Bethune also sees potential losses from the transportation sector if freight shipments fall, and retail hiring may be ...
2007-08-24 11:32:00 -
Schumer blasts mortgage companies advertising "deceptive" loans
Albany Business Journal - Sen. Charles Schumer said big mortgage companies are still flooding the airwaves with ads promoting what he called deceptive mortgages. He plans on holding a news conference Monday to highlight mortgage companies that are regularly advertising the ...
2007-08-24 05:55:00 -
Los Angeles (Español)
MSNBC - Mortgage companies such as Accredited appear to be going into "hibernation" mode while the crisis lasts, said RBC Capital Markets analyst Jason Arnold. "Anyone who goes into this kind of protection mode, if they can make it through the challenges ...
2007-08-25 12:22:00 -
Mortgage meltdown: Tech stocks' gain?
CNET News - And while those who had been plowing money into Real Estate Investment Trusts and mortgage companies are pulling back, analysts don't expect investors to suddenly switch over to technology stocks, unless they are large-cap stocks. "During periods of ...
2007-08-24 09:30:00 -
As Woes Grow, Mortgage Ads Keep Up Pitch
New York Times - As more homeowners fall behind on mortgage payments and investors abandon the industry in droves, mortgage companies are facing greater scrutiny over their lending practices and disclosures to borrowers. One area where regulators are paying closer ...
2007-08-25 02:02:00 -
Two major mortgage bankers suspend subprime lending (CP via Yahoo! Canada News)
TORONTO (CP) - Two major Canadian mortgage bankers say they have temporarily suspended subprime - or higher risk - lending in Canada, blaming the frozen market for asset-backed commercial paper, or short-term loans.
2007-08-25 01:57:00 -
Wall Street's Mortgage Troubles (AP via Yahoo! Finance)
For the mortgage industry, Wall Street's big investment banks might seem like one of those friends who disappear when the going gets tough.
2007-08-24 06:50:20 -
As Woes Grow, Mortgage Ads Keep Up Pitch (New York Times)
Despite troubles in the mortgage business, advertising that critics say is often misleading continues unabated.
2007-08-25 01:54:28