Mortgage and Financial News From 2007-9-18 Page 18

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  • U.S. foreclosures rose by 36 percent in August (International Herald Tribune)

    More borrowers fell behind on payments and their properties were not sold at auction, forcing mortgage companies to take ownership of their homes.
    2007-09-18 07:04:18

  • Premarket Movers: Best Buy, Lehman Jump

    CNBC - On the downside, E-Trade Financial Corp. shares declined after the electronic broker said late Monday it will to exit the wholesale-mortgage business and cut its profit expectations more than 25 percent for the year. The New York company relied in ...
    2007-09-18 06:58:00

  • Lehman net falls on writedowns

    Washington Post - ... more than three times the decline in the overall sector as measured by the Amex Securities Broker Dealer index (.XBD), amid concerns about the company's exposure to troubled markets including subprime mortgages. Lehman is one of the biggest mortgage ...
    2007-09-18 05:39:00

  • Astoria Financial Corporation to Announce Third Quarter Earnings

    MSN MoneyCentral - Astoria Federal originates mortgage loans through its banking offices and loan production offices in New York, an extensive broker network covering twenty-six states, primarily the East Coast, and the District of Columbia, and through ...
    2007-09-18 07:20:00

  • Prospective candidate bows out of House race

    Southeast Missourian - Lintner said Wallingford has been working hard to line up support, but said two other candidates -- Clint Tracy, son of Cape Girardeau City Councilwoman Debra Tracy and mortgage broker Gary Lange -- are also working to gather support. Tracy is ...
    2007-09-18 04:06:00

  • Murphy hopes bill will help solve mortgage crisis

    New Britain Herald - Murphy said he has introduced legislation (HR 3296) which will regulate mortgage broker practices. The bill would amend the Truth in Lending Act by establishing an agency relationship between consumers and mortgage brokers. If the bill is passed into ...
    2007-09-17 08:42:00

  • State's goal: Steer clear of mortgage quagmire

    Everett Herald - Trish McKay, executive director of the Medina Foundation; Richard Mitchell, the governor's general counsel; Sharon Nelson, chair of the Consumers Union; Gary Oakland, CEO of Boeing Employees Credit Union; and Adam Stein, mortgage broker commissioner ...
    2007-09-17 11:49:00

  • BSA says crash not in sight

    Financial Times - Ray Boulger, senior technical manager at John Charcol, the mortgage broker, said it was difficult to know the part Northern Rock was playing in a housing market already slowing owing to rising interest rates and the launch of home information packs. ...
    2007-09-17 11:34:00

  • Out of the Gate: E-Trade Slips

    Houston Chronicle - NEW YORK — Shares of E-Trade Financial Corp. slipped at the opening bell Tuesday after the online brokerage disclosed pricey costs to exit the struggling mortgage industry. The New York-based electronic broker said late Monday it is shuttering ...
    2007-09-18 07:20:00

  • What tax issues face nomadic workers?

    CNN Money - As a mortgage broker, I can work wirelessly from anywhere. Any ideas to help make this plan a success are welcome. -Brent Wilkerson, West Palm Beach Dear Brent: I wondered about the tax impact of having no fixed address, so I spoke to Alan Shannon ...
    2007-09-18 07:12:00

  • E*Trade down on mortgage, earning woes (Crain's New York Business)

    The online broker cut its annual earnings expectations as a result of bad loans and also said it would exit the wholesale mortgage business.
    2007-09-18 11:23:10

  • Mortgage Builder(R) Wholesale Broker Web Site Selected by Right Stop Mortgage LLC (Business Wire via Yahoo! Finance)

    SOUTHFIELD, Mich.----Mortgage Builder Software, Inc., provider of end-to-end mortgage banking software, announced that Southfield, Mich.-based Right Stop Mortgage LLC has selected Mortgage Builder Loan Origination Software as their LOS provider along with Mortgage Builder's® Wholesale Broker Web site product.
    2007-09-18 05:00:00

  • PM told to deliver on housing

    News.com.au - But Mr Rudd said the Government was misrepresenting his position, probably on the advice of its public relations adviser ... If you're a first-home buyer you get your mortgage and the interest on the loan is deductible, which on a medium-priced house ...
    2007-09-18 08:38:00

  • Do only over-50s have savings?

    Guardian Unlimited - Its mortgage customers tended to be young, broke and desperately in need of the five-times-salary 100% loans the bank ... The Northern Rock website was virtually frozen the entire weekend. So a word of advice from older savers to youngsters: that ...
    2007-09-18 06:29:00

  • How dare they tell us savers not to panic

    Times Online - No, salute the queuers for their nerve, patience and admirable impermeability to patronising advice. For how dare the ... risk premium. However these are sad times for people like me, brought up on Tyneside in a house bought with a Rock mortgage ...
    2007-09-18 08:31:00

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