Mortgage and Financial News From 2008-3-7 Page 6

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  • Snoops at work

    The Columbus Dispatch - Last year, Ohio Attorney General Marc Dann and the state Department of Commerce sued a Dublin mortgage broker alleging that the company didn't secure clients' personal information when he closed his company and abandoned his office in September.
    2008-03-06 02:29:00

  • Fixed-rate mortgages hit a seven-year peak

    Stockhouse Canada - Ray Boulger, of the mortgage broker John Charcol, said: 'It is difficult to see when it is going to get any better.' Information appearing on telegraph.co.uk is the copyright of Telegraph Media Group Limited and must not be reproduced in any medium ...
    2008-03-06 03:58:00

  • U.S. Alt-A RMBS Performance Deteriorating Rapidly, Fitch Initiates ...

    Forbes - ... largely attributable to the use of high risk mortgage products such as 'piggy-back' second liens and stated-income documentation programs, which in many instances were poorly underwritten and susceptible to borrower/broker fraud. While Alt-A mortgage ...
    2008-03-06 12:59:00

  • Anatomy of a hedge fund collapse

    CNN Money - Prompted by massive trades in other mortgage bond markets that forced bond prices to historical lows, the margin calls from its trading counter-parties and its prime-broker Citigroup, all of whom were coping with their own balance sheet problems ...
    2008-03-07 05:20:00

  • Fixed-rate mortgages: Top of the popularity polls

    MyFinances.co.uk - ... in February, being chosen by a huge 52 per cent of borrowers. The soaring take-up has shocked mortgage brokers who are more used to seeing around 33 per cent of borrowers opting for fixed deals. Katie Tucker, technical manager at mortgage broker John ...
    2008-03-04 03:53:00

  • Friday's Financial Winners & Losers

    Street.Com - The Amex Securities Broker-Dealer Index rose 0.2%. Washington Mutual WM sank 8.9% to close at a new 52-week low of $10.71. ... Shares of mortgage lender IndyMac IMB also fell 1.4% to $4.82. Thornburg Mortgage TMA plunged as much as 34.5% after the Santa ...
    2008-03-07 02:38:00

  • Remortgage rush hits market

    MyFinances.co.uk - ... home loan market throughout January – a period of subdued activity for the rest of the mortgage industry. People remortgaging residential properties at a low loan-to-value (LTV) and with low income multiples were far more common on mortgage broker ...
    2008-03-06 03:51:00

  • Some Borrowers Hit New Snag In Refinancing

    Wall Street Journal - For borrowers trying to improve their situation, this is a nightmare," says Richard Redmond, a mortgage broker in Larkspur, Calif. That's because getting a new home-equity loan to replace the old one in order to get a refinancing approved "may be ...
    2008-03-05 07:13:00

  • St. Louis Fed's Poole says regulation should not stifle subprime loan ...

    Forbes - After recent experiences, the reputation of a first-class mortgage broker should matter more than the rating assigned by a rating company,' he said.
    2008-03-05 03:59:00

  • Interest rate held, but mortgages rise

    This is Money - Mr Boulger, of mortgage broker John Charcol, said: 'Conditions in the mainstream mortgage market are now rapidly deteriorating at a frightening speed. 'Lenders are changing their pricing and/or their criteria at the fastest pace in living memory, and ...
    2008-03-07 01:02:00

  • Troubles of Dunmore Homes trace U.S. market's boom and bust

    International Herald Tribune - Overextended and pursued by a long line of creditors, the company bearing the family name, Dunmore Homes, was sold to a New York corporation owned by a Sacramento area mortgage broker for $500, including the assumption of liabilities totaling more ...
    2008-03-07 05:20:00

  • AG Coakley goes after mortgage broker Lehi Mortgage (BizJournals)

    Massachusetts Attorney General Martha Coakley filed a lawsuit against mortgage broker Lehi Mortgage Services Inc. in state Superior Court on Friday.
    2008-03-07 01:58:59

  • Friday's Financial Winners & Losers (TheStreet.com)

    The sector was mixed on a variety of news.
    2008-03-07 02:34:31

  • State says lender misled consumers (Seattle Post-Intelligencer)

    A Colorado lender is accused of misleading thousands of Washington consumers in home loan solicitations.
    2008-03-07 03:46:22

  • As Home Values Undercut Loans, More People Simply Walk Away (Investor's Business Daily via Yahoo! Finance)

    Easy come, easy go?
    2008-03-07 03:51:43

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