Mortgage and Financial News From 2007-10-25 Page 19

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  • Good Time to Review Your Insurance (R News)

    Insurance experts say the Calfornia wildfires are a good reminder to keep our policies up to date. Nancy Hannah just had an addition put on her home. She told her insurance agent about it even before she started the work.
    2007-10-25 07:55:48

  • Old Republic 3Q Earnings Fall 75 Percent (AP via Yahoo! Finance)

    Insurance provider Old Republic International Corp. said Thursday net income plummeted 75 percent due to operating losses in the company's mortgage guaranty and title insurance businesses.
    2007-10-25 06:55:23

  • MBIA Reports First Loss on Slump in Mortgage Debt (Update1) (Bloomberg.com)

    Oct. 25 (Bloomberg) -- MBIA Inc., the world's biggest bond insurer, reported its first-ever quarterly loss after writing down the value of mortgage-related debt it guarantees.
    2007-10-25 04:28:08

  • New York State and city comptrollers and Acorn announce initiative to ...

    Empire State News - New York -- New York State Comptroller Thomas DiNapoli and New York City Comptroller William Thompson, Jr. joined with leaders of New York ACORN Wednesday to urge the nation’s mortgage lenders and servicers to take concrete action to stem the tide ...
    2007-10-25 02:04:00

  • Whose Data Is It Anyway? 'PITI' the Poor Homeowner

    Intelligent Enterprise - American Home Mortgage Investment Corporation (AHM), among America's biggest mortgage lenders, recently filed for bankruptcy on account of its sub-prime lending exposure. This, in turn, alarmed large AHM clients like Freddie Mac and Ginnie Mae, which ...
    2007-10-25 06:36:00

  • Fidelity National Information Services, Inc. Announces Pursuit of a ...

    Forbes - FIS' Lender Processing Services business is the nation's leading provider of integrated data, servicing and technology solutions to large-scale mortgage lenders. LPS' end-to-end mortgage services include origination, automated title and settlement ...
    2007-10-25 04:34:00

  • Why Merrill Lynch Got Burned

    BusinessWeek - Merrill took a leadership role in underwriting CDOs in 2006 and 2007, when subprime mortgage lenders all but threw lending standards out the window. Over that period, Merrill was lead underwriter on 136 CDO deals with a dollar value of $93 billion ...
    2007-10-25 05:53:00

  • Bankrate: Mortgage Rates Fall Sharply on Housing and Economic Worries

    Forbes - NEW YORK, Oct. 25 /PRNewswire-FirstCall/ -- Mortgage rates dropped notably this week, with the average conforming 30-year fixed mortgage rate now 6.31 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year ...
    2007-10-25 04:34:00

  • S&N rejects £6.8bn bid

    Times Online - A plunge in new mortgage approval figures, revealed by the BBA sent mortgage lenders and housebuilders down with Alliance & Leicester off 4 per cent at 720p and Barratt Developments losing 3 per cent to 642p. Taylor Wimpey fell 1.9 per cent to 236p ...
    2007-10-25 06:36:00

  • COMPTROLLERS TELL BANKS TO LEND A HAND

    New York Post - Given the turmoil in the credit markets . . . we need a proactive nationwide effort by mortgage lenders and services to minimize losses and stem the tide of foreclosure," state Comptroller Thomas DiNapoli said. "Earlier today, ACORN [the Association ...
    2007-10-25 04:20:00

  • UPDATE 2-Fidelity National to spin off mortgage services

    Reuters - Last: NEW YORK, Oct 25 (Reuters) - Fidelity National Information Services Inc (FIS.N: Quote , Profile , Research ), a top vendor of data processing services for banks and home lenders, said on Thursday it will spin off its mortgage processing ...
    2007-10-25 06:28:00

  • Lenders pressured to help homeowners (Crain's New York Business)

    NY city and state comptrollers are teaming up with advocacy Acorn to push mortgage lenders into rescuing homeowners facing foreclosure.
    2007-10-24 01:53:23

  • Bankrate: Mortgage Rates Fall Sharply on Housing and Economic Worries (PR Newswire via Yahoo! Finance)

    Mortgage rates dropped notably this week, with the average conforming 30-year fixed mortgage rate now 6.31 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.34 discount and origination points.
    2007-10-25 04:30:00

  • DATA SNAP: UK Sep Mortgage Lending GBP18.5B Vs Aug GBP21.0B (The Forex Market)

    LONDON (Dow Jones)--U.K. mortgage lending slowed in September as tighter credit conditions have slowed the pace of borrowing with both lenders and borrowers exercising caution, data published Thursday showed.
    2007-10-25 01:59:44

  • On your side? As mortgage lenders feel pressure to help borrowers, little is being done (The Daily News)

    LOS ANGELES (AP) -- Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans with interest rates set to adjust by the end of 2008.
    2007-10-25 12:19:56

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