Mortgage and Financial News From 2007-8-19 Page 7

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• Burglary rates see massive drop

  Crewe Guardian - Burglary rates see massive drop ... Largely because of Safer Homes, current surveys among people who have suffered a ... and once a member, you can store, recommend and search for stories that interest you
  2007-08-19 12:25:00

• Expert: The Collateral Damage of the US Interest Policies

  Deutsche Welle - Could interest rate policies in the US have been one of the reasons for the current crisis? There were good reasons back then for lowering the interest rates so much. The Fed wanted to control the macro-economic consequences of the stock market bubble ...
  2007-08-19 08:00:00

• Mortgage mess mostly skips WNY

  Buffalo News - Jeaneen and Thomas Maglietto III, with their sons Tommy, 4, left, and Dante, 2, own the North Tonawanda home in the background. They also wanted to purchase an investment property, but the Arizona mortgage company that prequalified them suddenly went ...
  2007-08-19 10:52:00

• Right At Home

  630 WMAL - ... First customer turned team member and is now the Vice President of Sales. After joining the company in 2003, she set out to offer the same quality of mortgage assistance and customer service that she had received during the refinance of her own home ...
  2007-08-19 01:51:00

• Mortgage biz faces high risks

  Jackson Clarion-Ledger - The exterior of the Countrywide home loans office in San Mateo, Calif., is shown Friday The credit crunch is taking a toll on the mortgage giant. SAN FRANCISCO — Mortgage broker Ed Smith Jr. has been arranging home loans for 24 years and it's never ...
  2007-08-19 09:33:00

• Loan intervention played down

  News.com.au - He said the states should fast-track uniform national laws that stop mortgage providers issuing low-documentation home loans to people who can't afford them. “I am very concerned that some of these low-doc lenders may be pushing money onto people ...
  2007-08-19 01:01:00

• Lessons to fight housing crisis

  News.com.au - The proposal comes as Treasurer Peter Costello yesterday called for the states to crack down on mortgage providers who issue so-called "low-documentation" home loans to people who cannot afford them. Mr Costello said greater regulation of non-bank ...
  2007-08-19 01:58:00

• Wolf Haldenstein Adler Freeman & Herz LLP Commences Class Action ...

  Forbes - On August 15, 2007, Wolf Haldenstein Adler Freeman & Herz LLP filed a class action lawsuit in the United States District Court, Eastern District of New York, on behalf of all persons who acquired the common stock of American Home Mortgage Investment ...
  2007-08-15 12:55:00

• U.S. mortgage firm NovaStar Financial cuts 37 per cent of staff: 500 ...

  Worldnews.com - KANSAS CITY, Mo. (AP) - Mortgage lender NovaStar Financial Inc. said Friday it is cutting 500 jobs , or 37 per cent of its workforce as it stops selling home loans through brokers. The company said it will begin the cutbacks immediately and complete ...
  2007-08-19 02:59:00

• Bankrupt companies aren't good investments

  Miami Herald - Take for example the Melville, N.Y.-based American Home Mortgage Investment Corp., once a major mortgage lender. The company announced in early August that it would no longer originate new loans. Then the company filed for Chapter 11, citing troubles ...
  2007-08-19 06:55:00

• Mortgage requests meeting denial

  Daytona Beach News-Journal - Two of the biggest lenders -- American Home Mortgage Investment Corp. and New Century Financial -- went bankrupt earlier this year. This month, Countrywide Financial, the nation's biggest home mortgage provider, informed regulators it was facing ...
  2007-08-19 07:31:00

• Harry Domash: Fears of credit meltdown open mortgage market for deal

  Santa Cruz Sentinel - The subprime home mortgage fiasco has triggered doubts about the viability of credit markets in general, making lenders of all stripes reluctant to commit to new deals. Fears of a credit meltdown are largely responsible for the current stock market ...
  2007-08-19 11:56:00

• Creative financing tools now biting homeowners

  Houston Chronicle - Wells Fargo Home Mortgage now requires these borrowers to put down at least 5 percent, said Brad Blackwell, executive vice president and retail national sales manager for the group. Farewell to '2/28' The bank also has stopped making "2/28" subprime ...
  2007-08-19 12:25:00

• Credit crunch hits top mortgage lender (Everett Herald)

  LOS ANGELES [--] The credit mess forced Countrywide Financial Corp., the nation's largest mortgage lender, to borrow $11.5 billion Thursday, shocking financial markets already reeling from the growing credit crunch and threatening to make home loans harder to get.
  2007-08-19 10:15:53

• KELOLAND Home Buyers Safe From Mortgage Meltdown (KELO Sioux Falls)

  Mortgage industry shakeups not expected to impact KELOLAND home buyers.
  2007-08-18 04:26:45

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