Mortgage and Financial News From 2007-9-5 Page 6

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  • Mortgage Lenders Tighten Safety Belts (Business Wire via Yahoo! Finance)

    CHICAGO----Driven to act by the recent collapse in subprime lending and the subsequent housing crisis, major mortgage companies have shifted their loan offer strategies to limit future risk opportunities.
    2007-09-05 02:57:00

  • Boomers could use financial planning, life coaching (The Record)

    Ah, those crazy boomers! There they were, riding the good-life range, when along came reality, and SPLAT.
    2007-09-05 07:10:52

  • European Indexes Advance (BusinessWeek Online via Yahoo! Asia News)

    Gains Tuesday were fueled by strength on Wall Street
    2007-09-05 05:21:08

  • Thornburg: Out of the Woods? (BusinessWeek)

    Some analysts think the mortgage company's moves to shore up its finances have stabilized its position, at least for now
    2007-09-05 07:20:46

  • How to acquire bargain home in today's market

    Boston Online - He is a big believer in showing sellers the benefits of carrying back first and second mortgages for buyers. A fascinating point, emphasized several places in the book, is "It's the land that appreciates." For this reason, Schaub advises against ...
    2007-09-03 05:53:00

  • Firefighters In Franklin Twp. Discover Man's Body After Battling Fire

    WCPO - Firefighters in Franklin Township found the body of a man inside a home that had caught fire early Wednesday morning. The fire department told 9News the fire occurred in 5800 block of Olive Road around 6:00 a.m. Wednesday. According to the fire ...
    2007-09-05 10:05:00

  • MGIC, Radian avoid merging under current market conditions

    The Money Times - However, Philadelphia-based Radian guarantees second mortgages that possibly may not be repaid by foreclosure proceeds. Curt Culver, MGIC Investment's CEO, said, “I am pleased MGIC and Radian were able to reach this amicable resolution. During the ...
    2007-09-05 06:09:00

  • Brown calls for asset transparency

    Times Online - Fears that the UK’s biggest banks have heavier exposure to US sub-prime mortgages than previously believed grew last night when Alliance & Leicester (A&L) became the second bank to reveal that it has tens of millions of pounds invested in risky ...
    2007-09-05 05:55:00

  • Canada's Dollar Drops as Credit Market Losses Dim Risk Appetite

    Bloomberg - ... The Canadian dollar fell for the first time in six days as concern increased that losses from U.S. subprime mortgages are ... The economy grew a faster-than-expected 3.4 percent annualized pace in the second quarter, and unemployment fell to the ...
    2007-09-05 01:47:00

  • Copper Falls to 1-Week Low as U.S. Slowdown May Cut Demand

    Bloomberg - ... will curb demand in the U.S., the world's second-largest consumer of the metal. Economists at JPMorgan Chase & Co., Lehman Brothers Holdings Inc. and Merrill Lynch & Co. have lowered U.S. growth forecasts as losses from subprime mortgages ...
    2007-09-05 11:10:00

  • Regulators Urge Refinancing of Securitized Mortgages (Update4)

    Bloomberg - Bear Stearns, the second-biggest U.S. underwriter of bonds backed by mortgages, set up a team in April to meet with homeowners having difficulty making payments. ``Wall Street banks don't want to foreclose on properties, because we're not in ...
    2007-09-03 05:53:00

  • Mortgage Lenders Tighten Safety Belts

    Forbes - ... June 2006 to July 2007, Mintel Comperemedia(1) observed a 70% decline in the number of unpredictable adjustable-rate mortgages ... Since that time, however, fixed rate offers have taken the lead, accounting for 73% of mail activity during the second ...
    2007-09-05 02:59:00

  • Visa USA sees cautious optimism among small business owners

    MSN MoneyCentral - Although concerned about the rising cost of energy, rent and mortgages, many small business owners were optimistic that their companies would fare well in the second half of the year. Almost half, or 44 percent, of small business owners surveyed ...
    2007-09-05 03:13:00

  • New York Mortgage settling repurchases

    Boston Globe - ... percent of loan repurchase requests that were outstanding when it reported second-quarter earnings Aug. 6. Mortgage lenders have faced a rash of repurchase requests as investors worry about rising delinquencies and defaults among subprime mortgages ...
    2007-09-05 04:25:00

  • Asian Stocks Slide on Subprime Concerns; Mizuho Financial Drops

    Bloomberg - Sept. 5 (Bloomberg) -- Asian stocks dropped for a second day after comments by a senior Japanese government official reignited concern losses from U.S. subprime mortgages will spread. Mizuho Financial Group Inc., Japan's second-biggest bank, fell the ...
    2007-09-05 10:20:00

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