Mortgage and Financial News From 2007-12-3 Page 12

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  • Lender cries fraud over Dunmore Homes sale (BizJournals)

    The Sacramento mortgage loan officer who purchased Dunmore Homes -- which in 2004 posted a quarter-billion dollars in revenue -- paid $500 for the troubled builder, according to Dunmore's bankruptcy case.
    2007-12-02 09:39:10

  • New Attempt to Curb Mortgage Fraud (KTAR 92.3 Phoenix)

    A state senator plans to make another attempt in January to provide more money for the Arizona Department of Financial Institutions, which hands mortgage fraud complaints.
    2007-12-03 07:26:16

  • A millionaire by age 25?

    Hampton Roads Daily Press - He plans to have his efforts sponsored by companies whose products involve credit, such as card companies and mortgage companies. After students in the seminar learn about building up their credit and how they make it work for them by using it ...
    2007-12-03 02:36:00

  • ICB Enhances Classification System With Real Estate Supersector and ...

    MSN MoneyCentral - ... of real estate sectors and subsectors including real estate holding & development companies, real estate services, and REITs involved in: industrial & office, retail, residential, diversified properties, specialty properties, mortgage companies, and ...
    2007-12-03 03:09:00

  • US STOCKS-Market flat, U.S. subprime news offsets data

    Reuters - ... Reuters) - U.S. stocks were little changed on Monday after the Treasury Secretary said a subprime mortgage relief plan was near completion, helping to offset declines after data showing manufacturing growth slowed last month. Industrial companies ...
    2007-12-03 01:39:00

  • Money manager wants to split local government investment fund

    Orlando Sentinel - ... most of its shorter-term securities were sold off in the run last month, its remaining investments should continue to produce interest until they mature within about nine months, Mendelson said. The riskier notes – invested in mortgage companies like ...
    2007-12-03 11:23:00

  • Local managers say they've kept clear of 'toxic' options

    Triangle Business Journal - The managers say they haven't put their investments into so-called "toxic products," which have been driving mortgage companies into bankruptcy and big banks into big losses. The worst of the toxic products are bonds issued by private companies and ...
    2007-12-03 10:54:00

  • Montana, Connecticut Hold Downgraded by Moody's (Update1)

    Bloomberg - SIVs are typically offshore companies created by banks and other firms to sell short-term debt to buy mortgage securities and finance company bonds with higher yields. They profit on the spread between the two. Moody's last week said it may lower ...
    2007-12-03 01:39:00

  • Ford, Toyota Sales Are Flat; GM Down

    Newsday - Ford's November results ended a yearlong string of year-over-year losses as it cut back on low-profit sales to rental car companies. Ford said its car sales fell 2 percent but truck sales rose 2 percent, largely on the strength of the Ford Escape ...
    2007-12-03 11:16:00

  • Builder dumps homes in Morgan Stanley deal

    CNN Money - feed://rss.cnn.com/rss/money_news_companies.rss ... The nation's home builders, including Lennar, have been hammered by the problems in the mortgage securities market and the ...
    2007-12-03 11:37:00

  • CEO: Ford to Have Full Lineup in 2020

    Newsday - Levin said other issues include how excess profits of oil companies will be used and the standards of alternative energy use by utilities. Environmentalists have sought stricter gas mileage standards for years, saying that is the most effective way ...
    2007-12-03 02:58:00

  • U.S. Economy: Manufacturing Grows at Slower Pace (Update2)

    Bloomberg - Treasury Secretary Henry Paulson today said the government and banks will ``soon'' announce a plan to minimize foreclosures by getting agreement among banks, mortgage companies and securities-industry lobbyists to fix some subprime rates before they ...
    2007-12-03 01:53:00

  • US STOCKS-Wall St falls on ISM factory data, mortgage doubts

    Reuters - NEW YORK, Dec 3 (Reuters) - U.S. stocks fell on Monday after fresh data pointed to a weakening manufacturing sector and uncertainty surrounded emerging plans to shore up the mortgage market. Industrial companies dragged the market lower after the ...
    2007-12-03 01:39:00

  • U.S. expects mortgage plan soon

    International Herald Tribune - Treasury debt prices climbed, however, in ongoing unease over the credit markets, with the tone set early after Libor, a key bank lending rate, reached its highest in nine years. Paulson is seeking agreement with mortgage companies to freeze interest ...
    2007-12-03 12:49:00

  • Paulson says mortgage relief plan nearly ready (EARTHtimes.org)

    WASHINGTON (Reuters) - Treasury Secretary Henry Paulson said on Monday he hoped to have a mortgage relief plan ready by week's end and urged Congress to give local governments more borrowing power to ward off foreclosures.
    2007-12-03 10:41:10

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