Mortgage and Financial News From 2008-2-18 Page 15
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Mortgages & homes - Mortgage features
This is Money - The Government will seek to avoid being accused of using the benefits of state ownership to beat rival mortgage lenders' offers. Until the crisis at the bank emerged, Northern Rock had very competitive rates and aggressively pursued new business ...
2008-02-18 06:10:00 -
British Banking Stocks Not Wrecked By Rock
Forbes - However shares in monoline mortgage lenders declined in morning trading in London. Bradford & Bingley was trading down 2.7%, or 4.75 pence (9 cents), at 172 pence ($3.35). Alliance & Leicester fell 0.2%, to 524 pence ($10.22). "The fact that the ...
2008-02-18 03:04:00 -
Countrywide expands scope of mortgage help
CNN Money - The company said last month it helped more than 81,000 borrowers keep their mortgage payments manageable in 2007. The company also was among the lenders who agreed to a Bush administration-proposed agreement to freeze rates on some subprime mortgages ...
2008-02-18 06:10:00 -
First Mariner files $15M lawsuit against East West Mortgage Co.
Washington Business Journal - Since the upheaval in the mortgage market began, many mortgage lenders that have found that loans were based on inaccurate data have demanded that the broker or loan originator buy the loans back, said J. Steven Lovejoy, of law firm Shumaker Williams ...
2008-02-18 06:53:00 -
ServiceLink Offers Warranted Collateral Valuations and Automated ...
Forbes - With its recent acquisition of ATM Corporation, ServiceLink offers mortgage lenders and servicers a complete suite of title, settlement, appraisal, default and asset management related products and services using industry leading technology. The ...
2008-02-18 04:58:00 -
UK government nationalizes bank hit by mortgage mess
Atlanta Journal Constitution - Rival mortgage lenders have expressed concern that Northern Rock will have an unfair advantage. Brown and Darling disputed claims that Britain's reputation had been damaged by its handling of the global credit crisis and the collapse of Northern Rock. ...
2008-02-18 07:43:00 -
Facing a brick wall? (Mortgage Introducer)
For lenders it is something that is part of the daily business of keeping a mortgage range open and flexible to changes in the market. For brokers, however, it is a source of constant frustration as they seek to find the best mortgage options for their clients, but are left facing a brick wall.
2008-02-18 08:17:15 -
TFN economic and business calendar to Monday March 3
CNBC - News conference (0900 GMT) EASTERN EUROPE -Polish central bank publishes minutes from Jan policy meeting -Bank BPH Q4 results -Czech central bank governing board meeting (non interest-rate setting) -Telefonica O2 Czech Republic ...
2008-02-18 07:07:00 -
Widening your boundaries (Mortgage Introducer)
While the situation in the current mortgage market could never be described as ‘rosy’ it is still apparent there are a number of opportunities available to mortgage advisers.
2008-02-18 08:17:45 -
Auto Loan Refinance to Reduce Monthly Payments (Benton Evening News)
(ARA) - If high gas prices coupled with a big monthly car payment have you thinking that it might be time to trade in your truck or SUV, you'll be happy to know there is an alternative.
2008-02-18 08:21:53 -
European Government Bonds Fall on Speculation Gains Excessive
Bloomberg - Yields have been falling too fast in the past weeks, and some people are unwinding their safe-haven purchases,'' said Charles Diebel, head of European interest-rate strategy at Nomura International Plc in London. ``But I think short-dated yields ...
2008-02-18 07:14:00 -
BOE's Besley Says Tighter Credit May Curb Consumption (Update1)
Bloomberg - Governor Mervyn King last week said the Bank of England faces ``a difficult balancing act'' and indicated the scope for further interest-rate cuts is limited. The Monetary Policy Committee lowered the benchmark rate for a second time in three months ...
2008-02-18 07:21:00 -
UK government nationalizes Northern Rock (The Salt Lake Tribune)
Posted: 9:09 AM- LONDON - The British government was to introduce emergency legislation Monday to temporarily nationalize Northern Rock PLC amid strident criticism of the move from opposition lawmakers and shareholders in the stricken mortgage lender.
2008-02-18 08:23:43 -
Homeowners facing foreclosure can call '211' (Louisville Courier-Journal)
Louisville Mayor Jerry Abramson is urging homeowners with mortgage problems to call a new city hot line, 211, where counselors will be available to connect homeowners with lenders and other services.
2008-02-18 08:29:11 -
Chile's Peso Gains to Two-Week High on Bets Fed to Lower Rates
Bloomberg - Depending on a U.S. slowdown and if commodity prices fall, the bank may lower the interest rate in the second half,'' said Castro. He forecasts inflation will slow to 4 percent by year-end. The yield on Chile's 6 percent bonds due in ...
2008-02-18 08:12:00
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