Mortgage and Financial News From 2007-12-3 Page 13

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  • Wall Street falls on mortgage unease (Lexington Herald-Leader)

    Wall Street fell Monday, led by financial services stocks, on concerns that the U.S. economy's expansion will erode amid troubles in the mortgage industry. The stock market's decline followed a week in which the Dow Jones industrial average made its biggest weekly point gain in more than four years, rising nearly 391 points, or 3.01 percent. But that advance proved short-lived after a pair of ...
    2007-12-03 07:28:17

  • Wall Street Falls on Mortgage Unease (San Francisco Chronicle)

    Wall Street fell Monday, led by financial services stocks, on concerns that the U.S. economy's expansion will erode amid troubles in the mortgage industry. The stock market's decline followed a week in which the Dow Jones industrial average made its...
    2007-12-03 04:34:09

  • Paulson says mortgage plan to be ready this week (EARTHtimes.org)

    WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson said on Monday he hoped a plan to spare homeowners facing mortgage-rate spikes would be ready by week's end and expressed faith the economy would dodge recession despite the deep housing slump.
    2007-12-03 03:11:49

  • Stocks decline after Fed policymakers express concerns about economy, mortgage mess (Naples Daily News)

    Wall Street tumbled Monday, led by financial services stocks, on concerns that the U.S. economy's expansion will erode amid troubles in the mortgage industry.
    2007-12-03 02:14:03

  • US STOCKS-ISM factory data, mortgage doubt hit Wall St (Reuters via Yahoo! Malaysia News)

    NEW YORK, Dec 3 - U.S. stocks fell on Monday, snapping a four-day winning streak, after fresh data pointed to a weakening manufacturing sector and uncertainty surrounded emerging plans to shore up the mortgage market.
    2007-12-03 02:28:04

  • Wall Street falls on mortgage unease (AP via Yahoo! News)

    Wall Street fell Monday, led by financial services stocks, on concerns that the U.S. economy's expansion will erode amid troubles in the mortgage industry.
    2007-12-03 02:48:17

  • Wall St falls on ISM factory data, mortgage doubts (Reuters via Yahoo! News)

    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.
    2007-12-03 01:45:49

  • Brokers irked by new law

    Herald News - Mortgage brokers are irked by a new state law that requires credit counseling for Cook County borrowers working through a mortgage broker. Senate Bill 1167 toughens standards that mortgage brokers must meet before completing loans for their customers ...
    2007-12-03 01:58:00

  • HUD cracks down on sham title companies

    Detroit Free Press - If the stake is 25%, the realty agent or mortgage broker might get $500 out of your $2,000 title insurance premium. So before agreeing to direct your title and settlement business to an affliate of your realty agent, mortgage lender or builder, shop ...
    2007-12-02 03:18:00

  • Swat pesky transaction fees

    Courier-Post - You can negotiate the loan-origination fee, which is paid to the lender and can equal 1 percent of the loan. If you're using a mortgage broker, you'll pay a "yield spread premium' -- typically 1 percent to 3 percent of the loan value. The loan ...
    2007-12-03 12:03:00

  • HomeBuy opens another door for first-time buyers

    Guardian Unlimited - By offering an interest-free equity element of up to 32.5 per cent, it should open even more doors for those struggling to get on the housing ladder,' says Richard Stone, director at SPF Sherwins, the affordable-housing arm of mortgage broker Savills ...
    2007-12-01 03:57:00

  • Easy loans mean painful losses

    Denver Post - In February 2006, a financial statement Campbell sent to a mortgage broker, Mile High Realty and Mortgage, showed he owned 11 houses, a Jaguar and a Chevrolet Tahoe, held $250,000 in bank accounts and boasted a net worth of $2.7 million. Nine months ...
    2007-12-03 09:14:00

  • Old-fashioned credit unions are gaining popularity with homebuyers

    New York Daily News - And when a mortgage broker recommended high-interest loans for a house she wanted to buy, she didn't like what she heard. "It made my head spin," said Shepherd, 29, who earns $46,000 a year as a membership organizer for Local 1199 of the Service ...
    2007-12-03 01:00:00

  • MortgageBrokers.com selects Kendrik Canada as its Partner for Agent ...

    Forbes - The Company is dedicated to re-branding the over 40,000 small and medium mortgage broker (SME) firms in North America while providing these entities scalability through a centralized shared services platform. MortgageBrokers.com is designed to ...
    2007-12-03 05:40:00

  • Paulson says mortgage relief plan nearly ready

    Washington Post - WASHINGTON (Reuters) - Treasury Secretary Henry Paulson said on Monday he hoped to have a mortgage relief plan ready by week's ... is that everybody has to get on the bus," a source told Reuters on the weekend, speaking about Paulson's efforts to broker a ...
    2007-12-03 02:22:00

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