Mortgage and Financial News From 2007-12-3 Page 17

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  • Centract and Multi-Prets Mortgage Brokers Continue Successful ...

    Market Wire - Centract Settlement Services is the preferred supplier of appraisal, legal and recovery services to Canadian mortgage lenders, brokers and corporations. Centract and sister companies Royal LePage Relocation Services and HomeServe Technologies are the ...
    2007-12-03 09:00:00

  • Paulson Dons His Cape

    Street.Com - Shares of the large mortgage lenders, including Countrywide Financial ( CFC - Cramer's Take - Stockpickr ), Washington Mutual ( WM - Cramer's Take - Stockpickr ), Wells Fargo ( WFC - Cramer's Take - Stockpickr ) and Citigroup ( C - Cramer's Take - Stockpickr ), were ...
    2007-12-03 12:13:00

  • The Democratization of Credit

    Washington Post - And as mortgage lenders ventured into underserved neighborhoods, small-business lenders followed. In 2005, nearly $11.6 billion worth of small loans were made to business owners in low-income areas, up from $8.2 billion in 1996. In Washington, $5.2 ...
    2007-12-03 06:15:00

  • US subprime aid plan may have legal fallout-experts

    Reuters - The aid plan is expected to be finalized between major mortgage lenders, servicers who collect mortgage payments and the Treasury Department this week, as political pressure increases to prevent more foreclosures and a wider U.S. housing slump. ...
    2007-12-03 11:09:00

  • Stocks Give Back Ground

    Street.Com - Stocks had earlier gained ground following comments from Treasury Secretary Henry Paulson, who confirmed that the federal government is working with mortgage lenders to create a plan that would essentially bail out consumers with subprime mortgages ...
    2007-12-03 11:16:00

  • Experts See Legal Fallout From Subprime Plan

    CNBC - The aid plan is expected to be finalized between major mortgage lenders, servicers who collect mortgage payments and the Treasury Department this week, as political pressure increases to prevent more foreclosures and a wider U.S. housing slump. Under ...
    2007-12-03 11:37:00

  • Dire warnings as consumers shun burgers, beer and sofas

    Guardian Unlimited - Dire warnings from a burger bar chain, a pubs group and a sofa store today show that the impact of the credit crunch is spilling beyond financial markets and into household budgets. Banks, mortgage lenders and property companies are getting to share ...
    2007-12-03 11:37:00

  • Distressed US property

    Financial Times - Step one in a recovery? Admit you have a problem. US mortgage lenders and homebuilders have taken enormous writedowns this year on home loans and property. But no clearing price emerged at which they could agree to offload their stricken assets to ...
    2007-12-03 12:20:00

  • Stocks Edge Down as Blue-Chips Sag

    CNBC - Stocks edged lower in the afternoon as major Dow components and mortgage lenders outweighed hopes in a Fed rate cut and a government plan to rescue at-risk homeowners. Traders spent much of the day analyzing what lies ahead for the Fed. Many believe ...
    2007-12-03 10:54:00

  • ComplianceEase and Titan Lenders Corp. Form Client-Partner ...

    Forbes - Titan Lenders Corp., a closing, post closing and mortgage back office fulfillment services provider, has become a client-partner with ComplianceEase(TM), a leading provider of mortgage industry automated compliance and risk management solutions ...
    2007-12-03 06:58:00

  • Paulson ‘confident’ of mortgage deal

    Financial Times - But in remarks to a housing forum, Mr Paulson failed to provide many fresh details about the plan or how he hoped to forge a workable agreement between a diverse group of mortgage lenders , servicers and investors whose interests are often at odds. In ...
    2007-12-03 11:16:00

  • US sub-prime mortgage aid close

    BBC Business - Mortgage lenders and regulators are close to finalising an aid plan for homeowners hit by the credit crunch, US Treasury Secretary Henry Paulson said. Hundreds of thousands of subprime mortgage holders could default and lose homes, as credit tightens ...
    2007-12-03 08:24:00

  • U.S. closes in on mortgage relief plan (Reuters via Yahoo!Xtra News)

    WASHINGTON (Reuters) - U.S. 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 11:19:45

  • Call to boost long-term mortgages (BBC News)

    The government must act if it wants more borrowers to take out long-term mortgage deals, say lenders.
    2007-12-03 10:40:17

  • Big lenders consider subprime rate freeze (Lincoln Journal Star)

    Less than four months since subprime mortgages became a full-blown financial crisis, major lenders may be willing to give up billions in increased payments on loans they granted while home prices were still surging.
    2007-12-03 11:00:39

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