Mortgage and Financial News From 2007-9-24 Page 21
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Infinit-O is currently expanding its range of Mortgage Loans ...
PR Inside - Infinit-O is a leading BPO company in the Philippines providing back office support primarily for the financial services and healthcare sectors. It is currently expanding its range of Mortgage Loans Processing Outsource services to help mortgage ...
2007-09-24 01:00:00 -
Fortress' subprime unit Nationstar halts loans
Reuters - NEW YORK (Reuters) - The subprime unit of Fortress Investment Group (FIG.N: Quote , Profile , Research ), Nationstar Mortgage, said it is no longer accepting any new loan applications from brokers. Nationstar's decision to stop all wholesale ...
2007-09-24 05:39:00 -
Iggys House Prescribes Reinvention for the Broken Real Estate and ...
Forbes - Iggys House is addressing conflict-of-interest problems in the mortgage industry by eliminating the industry practice of giving loan officers higher commissions for more expensive loans. BuySide Mortgage loan officers are salaried and paid a ...
2007-09-24 05:47:00 -
UPDATE 2-ING has 28.7 bln euros of Alt-A mortgage exposure
Reuters - But with markets jittery, many Alt A lenders in this arena have had their credit cut off, limiting them from making new loans. Impac Mortgage Holdings Inc, (IMH.N: Quote , Profile , Research ) a U.S. lender that had focused on Alt-A loans, last week ...
2007-09-24 07:34:00 -
Fortress Subprime Unit NationStar Halts U.S. Loans
CNBC - Nationstar Mortgage, the subprime unit of Fortress Investment Group , said it is no longer accepting new loan applications from brokers, a signal the lender is winding down operations. Nationstar's decision to stop all wholesale originations became ...
2007-09-24 06:29:00 -
US: mortgage default rate stabilizing
BusinessWeek - The concern has been that certain sections of the credit markets have frozen up as banks and investors have grown fearful about getting repaid because of the surge in defaults on mortgage loans, especially subprime loans made to borrowers with poor ...
2007-09-24 07:41:00 -
Morgan Stanley target of civil rights complaint on unfair mortgage ...
CNBC - NEW YORK - The National Community Reinvestment Coalition on Monday filed a civil rights complaint against Morgan Stanley, alleging the investment bank discriminated against minorities seeking home loans. The complaint claims that Morgan Stanley's ...
2007-09-24 05:25:00 -
Saving up as Britons tighten belts
Channel 4 News - People took advantage of recent interest rate hikes to set aside a record £47.2 billion during the three months to the end of ... High levels of defaults on US sub-prime mortgages, which lend to people who would be turned by mainstream banks, has ...
2007-09-24 06:29:00 -
European Stocks Mixed, Bank Worries Weigh
CNBC - Barclays also plans to shed its sub-prime consumer loan business FirstPlus at a loss to its book value, according to the UK ... Jean-Claude Trichet and French President Nicolas Sarkozy developed following calls from the French leader for an interest-rate ...
2007-09-24 02:12:00 -
US housing slump hits Wolseley’s profits
Financial Times - The slump in the US housing market caused by the sub-prime lending problems buffeted Wolseley which on Monday reported a ... to buy the shares, citing the good performance from Europe, strong cash flow and the beneficial effects of US interest rate cuts.
2007-09-24 12:53:00 -
Forex - Dollar stays weak on expectations for poor data this week
Forbes - A cut in the Federal Reserve's benchmark interest rate of 50 basis points, to 4.75 pct, sparked the recent run of dollar weakness ... Meanwhile, the yen was steady after the news that Yasuo Fukuda will become prime minister of Japan following his election ...
2007-09-24 02:40:00 -
Attitudes keep city second-rate
Fayetteville Observer - Attitudes keep city second-rate ... There was not much interest in growth because of Fort Bragg, which kept the economy ... centered between New York and Miami on Interstate 95 — is in prime position to ...
2007-09-23 06:12:00 -
EAC to study subprime impact on economy
Economic Times - While the euphoria over Fed’s interest rate cut has put the markets on a boom ride, concerns over impact of sub-prime crisis cannot be discounted altogether in the long run. Only last month, Indian stocks were feeling the subprime heat with the ...
2007-09-24 05:32:00 -
US stock futures up as Wall St. bets on more rate cuts
ABS-CBN - Building on the euphoria that followed the Federal Reserve's aggressive interest-rate cut on Tuesday, investors snapped up bank ... SM Prime rated 'Buy-3', target price P11.50 - CitisecOnline CitisecOnline affirmed its "Buy-3" rating for SM Prime ...
2007-09-24 07:12:00 -
Rate cut like a holiday, but bill will come due
New York Daily News - The Fed had lowered interest rates by half a percentage point. Everyone was celebrating, like ... In this case, I think the prime motivation was to stave off a financial panic. But a rate cut will not solve the underlying issues.
2007-09-24 12:10:00