Mortgage and Financial News From 2007-11-15 Page 11

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  • Barclays Writes Down $2.7 Billion on Mortgage Losses (Update7) (Bloomberg.com)

    Nov. 15 (Bloomberg) -- Barclays Plc, the U.K.'s third-biggest bank, wrote down about 1.3 billion pounds ($2.7 billion) of credit-related securities tied to the U.S. subprime-mortgage market collapse.
    2007-11-15 10:32:02

  • White joins First Mortgage

    Portsmouth Herald - KENNEBUNK — Dick Morin, broker/owner of Consumers First Mortgage, welcomes Nancy White to the company as a mortgage specialist. White joins Consumers First Mortgage with accounting and operations management experience where she was responsible for ...
    2007-11-15 03:45:00

  • Magnate guilty in housing scheme

    NorthJersey.com - Eliasof, 63, admitted to controlling the profits and dispersing kickbacks to his lawyer and mortgage broker. In another example of his reach, Eliasof admitted in court Wednesday that he bribed Paterson Section 8 caseworkers to direct tenants in the ...
    2007-11-15 10:47:00

  • Buying property overseas: a high-speed train ride away

    Daily Telegraph - Katy Hepworth, overseas mortgage manager at broker Assetz Finance, said: "Clearly there's a big jump between the rates, so the obvious advantage of a euro mortgage is lower repayments, and raising the mortgage in the currency of the asset ...
    2007-11-15 04:38:00

  • Vocations group builds on a

    Tidings - Big, big difference," said Tirone, 35, a mortgage broker, happily married husband of two years and a new dad who, himself, once struggled to decide if he was called to be a priest. Vocational journey After graduating from Arizona State University in ...
    2007-11-15 02:15:00

  • Obituaries for Nov. 15

    HometownAnnapolis.com - An entrepreneur, he was self-employed in the real estate industry, serving as a mortgage consultant, mortgage broker and licensed real estate agent. From 1963 to 1966 he was in the Army and stationed in Germany. A member of the Annapolis Yacht Club, he ...
    2007-11-15 03:48:00

  • Ron Paul Collecting Fans, Big Money

    Philadelphia Inquirer - ... hardline stance against illegal immigration, Poole said she found herself agreeing with him on monetary policy, the war and other issues. "He would turn this country around in the way that it needs to go," said Poole, a semiretired mortgage broker ...
    2007-11-15 03:05:00

  • House Passes Bill on Mortgage Lenders

    Forbes - Prohibit lenders from steering homeowners into refinanced mortgages that don't provide any benefit and create fines of triple the broker fee and costs; _Make Wall Street banks that package mortgage securities into investments liable for violations of ...
    2007-11-15 03:55:00

  • Small U.S. Stocks Fall as NovaStar Loss Widens; AFC Slumps

    Bloomberg - Nov. 15 (Bloomberg) -- Small U.S. companies fell for the fourth time in five days after subprime mortgage broker NovaStar Financial Inc. and Superior Offshore International Inc., an oilfield services provider, reported declining earnings. NovaStar ...
    2007-11-15 09:57:00

  • Allied Home Mortgage Capital Corporation Opens New Branch Office in Largo (PrimeNewswire via Yahoo! Finance)

    LARGO, Md., Nov. 15, 2007 -- Allied Home Mortgage Capital Corporation has opened a new branch in Largo, MD. The branch is the 1st one in the city and 31st in the state.
    2007-11-15 02:43:10

  • House passes bill on mortgage lenders (The San Luis Obispo Tribune)

    With home foreclosures skyrocketing, the House on Thursday voted to crack down on mortgage lenders by forcing them to get licenses, making them responsible for discovering whether borrowers can really repay and fining them for steering people toward risky subprime loans. The measures are designed to keep more people from sinking into the current mortgage crisis, where prospective home owners ...
    2007-11-15 03:40:03

  • Street Capital sets up mortgage lending shop in Ontario (Investment Executive)

    Mortgage lender Street Capital Financial Corp. has officially launched its lending operations in Ontario. Street Capital has plans to expand operations to service all of Canada by 2008.
    2007-11-15 09:03:42

  • House gets tough on mortgage lenders (AP via Yahoo! News)

    With home foreclosures skyrocketing, the House on Thursday voted to crack down on mortgage lenders by enacting federal licensing, making them responsible for knowing if borrowers can repay loans and fining them for steering people to risky subprime loans when other funding is available.
    2007-11-15 03:25:18

  • House passes bill on mortgage lenders (AP via Yahoo! News)

    With home foreclosures skyrocketing, the House on Thursday voted to crack down on mortgage lenders by forcing them to get licenses, making them responsible for discovering whether borrowers can really repay and fining them for steering people toward risky subprime loans.
    2007-11-15 03:55:18

  • White joins First Mortgage (York County Coast Star)

    KENNEBUNK — Dick Morin, broker/owner of Consumers First Mortgage, welcomes Nancy White to the company as a mortgage specialist.
    2007-11-15 07:38:23

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