Mortgage and Financial News From 2007-10-25 Page 16

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  • Buffett: Housing woes far from over

    MSNBC - DAEGU, South Korea - American billionaire investor Warren Buffett said Thursday that problems in the U.S. subprime mortgage ... since August and raised concerns about a possible recession in the U.S. economy, a major export market for Asian companies.
    2007-10-25 09:13:00

  • Fallout from mortgage crunch spreads

    Tuscaloosa News - From the start of 2003 to March 2006, housing-related businesses like mortgage companies, home builders and contractors added 1.3 million jobs, or about 23 percent of all new jobs created in that period, according to an analysis by Mark Zandi, chief ...
    2007-10-25 01:21:00

  • Money talk: Self-build strategy

    Daily Telegraph - Now you can find mortgage companies willing to lend up to 85 per cent of the cost of land and building works. Self-build and renovation specialist BuildStore will even lend up to 95 per cent of these costs. As with any mortgage, the amount you can ...
    2007-10-25 05:24:00

  • COMPTROLLERS TELL BANKS TO LEND A HAND (New York Post)

    Local banks and mortgage companies must reach out to financially shaky homeowners and tighten lending rules to keep New York foreclosures from spiraling out of control, the state and city comptrollers, along with a community activist group, said...
    2007-10-25 04:30:32

  • Judge Tells Homeowners, New Mortgage Holders To Work Together (WGAL 8 Susquehanna Valley)

    Wednesday morning a federal judge in Philadelphia threw out a ruling that had temporarily protected homeowners who had been affected by the sudden closure of Personal Financial Management, a local mortgage company.
    2007-10-25 08:31:18

  • Primary Capital Welcomes Woodson 'Woodie' Moffett, III; North Carolina ...

    Forbes - ATLANTA, Oct. 25 /PRNewswire/ -- Primary Capital Mortgage is proud to announce the appointment of Woodson Moffett, III to the ... Bachelor's Degree in Business Administration from Mississippi State University and is licensed as a North Carolina "Broker ...
    2007-10-25 07:33:00

  • Rock Testifies Before Congress on Sub-Prime Mortgage Crisis

    Market Wire - Whether you are a banker, mortgage broker, mortgage banker, realtor, appraiser, developer, investor, or anyone involved in real estate and homeownership, high ethical standards should be the norm, not the exception. The damage caused by deceptive or ...
    2007-10-24 03:12:00

  • Japanese brokerage Nomura reports $92 million loss on subprime ...

    CNBC - The brokerage has also said it will shut down its U.S. residential mortgage-backed securities business, and cut more than 400 jobs in the U.S. _ about 30 percent of its work force there _ by March 2008, mostly in its broker-dealer operations and back ...
    2007-10-25 02:04:00

  • Broker trust at stake in DB self-cert row (Money Marketing Online)

    DB Mortgages is at risk of losing the trust of mortgage brokers after it emerged that it is calling employers and accountants on self-certification cases to confirm clients' incomes.
    2007-10-25 01:18:39

  • Nomura Holdings Inc., Japan's Top Broker (AP via Yahoo! Finance)

    Nomura Holdings Inc., Japan's top brokerage by revenue, said Thursday it posted a 10.5 billion yen loss for the July-September quarter, battered by the subprime mortgage crisis in the United States.
    2007-10-25 12:42:07

  • Federal judge takes mortgage fraud case (The Patriot-News)

    A class-action suit involving more than 800 homeowners with in mortgage-debt problems caused by mortgage broker OPFM Inc. has been moved to the jurisdiction of U.S. District Judge James T. Giles in Philadelphia.
    2007-10-25 07:40:46

  • Travelers Predict '08 Trends in Annual TripAdvisor Survey

    Forbes - Five percent said uncertainty with mortgage rates is affecting the way they plan travel in the next year, and six percent said ... Featuring real advice from real travelers, TripAdvisor-branded sites cover 270,000+ hotels and attractions and operate in ...
    2007-10-25 03:01:00

  • HSBC sued in Ontario over commercial paper advice

    Vancouver Sun - According to documents filed in Ontario Superior Court, Aastra bought $8.5 million of ABCP on HSBC's advice. It invested ... half months after the $35-billion market for non-bank ABCP froze up after being hit by fallout from the U.S. subprime-mortgage ...
    2007-10-25 01:06:00

  • DATA SNAP: UK Sep Mortgage Lending GBP18.5B Vs Aug GBP21.0B

    FXStreet.com - UK Sep Mortgage Lending GBP18.5B Vs Aug GBP21.0B By Ilona Billington Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. mortgage ... Nor does it provide any form of advice (investment, tax, legal) amounting to investment advice, or make any recommendations ...
    2007-10-25 01:42:00

  • Consumers revolt against debt insurance

    Reuters UK - Consumer advice Web site MoneySavingExpert.com said 70,000 people had downloaded template letters in the past two months to ... The policies are designed to cover the repayment of loan, credit card or mortgage debt if people fall ill or lose their jobs ...
    2007-10-24 11:55:00

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