Mortgage and Financial News From 2007-9-11 Page 4

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  • A look at the rules

    Minneapolis Star Tribune - A LOOK AT THE RULES To see the Department of Homeland Security's "chemical facility anti-terrorism standards," which ... meets levity Bottles next in safety quest Archeologists find tunnel used by Jews to escape Romans The science of shopping Mortgage fraud ...
    2007-09-08 05:54:00
  • FTC cracking down on deceptive mortgage ads

    MSNBC - It absolutely is the responsibility of the lender to explain all the terms and conditions including the cost of the loan per month when the loan resets,” said David Berg, a Houston attorney involved in mortgage fraud cases. “From the evidence ...
    2007-09-11 05:15:00
  • Fannie economist sees 'near-jumbo' loan boon

    Reuters - Last: WASHINGTON, Sept 11 (Reuters) - A proposal to raise the loan size limit for Fannie Mae FNM.N and Freddie Mac FRE.N could give the mortgage finance companies access to another 10 percent of the U.S. home loan market, Fannie's chief economist ...
    2007-09-11 12:57:00
  • Luminent shores up mortgage assets

    CNN Money - Latest Rates Active Companies Stock Price Increases Stock Price Decreases Earnings: Reports & Estimates Hot Stocks Stock Spotlight ... SAN FRANCISCO (AP) -- Real estate investment trust Luminent Mortgage Capital Inc. said Tuesday it has repaid all of its ...
    2007-09-11 10:20:00
  • FTC Warns Some Mortgage Ads May Violate Law

    CNBC - ... to consumer loans for $25,000 or less unless they involve real property or a dwelling. It also applies to credit cards and home equity lines of credit. The FTC said the agency had brought 21 enforcement actions against companies in the mortgage ...
    2007-09-11 10:27:00
  • Subprime has helped GSE reform bill - US legislator

    Reuters - WASHINGTON, Sept 11 (Reuters) - Turmoil in the subprime mortgage market has strengthened the argument that U.S. mortgage finance companies Fannie Mae (FNM.N: Quote , Profile , Research ) and Freddie Mac (FRE.N: Quote , Profile , Research ) need broad ...
    2007-09-11 12:57:00
  • Yellen remarks on U.S. economy send shudder through stocks

    International Herald Tribune - NEW YORK : U.S. stocks fell Monday, led by mortgage companies and homebuilders, after the president of the San Francisco Federal Reserve, Janet Yellen, said that the U.S. economy was under "downward pressure" because of the housing slump. "The pure ...
    2007-09-11 02:56:00
  • Jeremy Warner's Outlook: Tough times beckon on the high street

    The Independent - You can blame all this on the snakeoil salesmen of the credit card and mortgage companies, but the underlying cause was public policy, deliberately pursued to sustain the consumer economy and give the illusion of prosperity. Changes in the tax system ...
    2007-09-11 04:46:00
  • Mortgage Brokers Warned Over 'Potentially Deceptive' Ads

    Washington Post - The Federal Trade Commission has warned more than 200 companies about "potentially deceptive" mortgage advertisements that could give borrowers false impressions of the cost of home loans. The agency said yesterday that ads in newspapers and ...
    2007-09-11 05:51:00
  • Old Point National Bank and Tidewater Mortgage Services to form joint company (Daily Press)

    Old Point National Bank has partnered with Tidewater Mortgage Services, Inc., to provide mortgage origination services for the bank, officials with the companies said.
    2007-09-11 01:42:07
  • Mortgage industry job cuts may worsen (Orange County Register)

    The worst U.S. housing slump in 16 years may lead mortgage companies to eliminate almost 100,000 jobs, more than double the number already cut this year.
    2007-09-11 07:22:25
  • FTC criticizes misleading mortgage ads (CNN Money)

    The government agency warns more than 200 companies about 'potentially deceptive' mortgage advertising.
    2007-09-11 11:40:12
  • FTC warns 200 companies about "potentially deceptive" mortgage advertising (Pittsburgh Post-Gazette)

    WASHINGTON --The Federal Trade Commission said today that it warned more than 200 companies about "potentially deceptive" mortgage advertisements that give borrowers a false impression of the cost ...
    2007-09-11 01:52:25
  • Loans hike warning for small firms

    Daily Telegraph - ... managing director of business money broker ACS Finance, said specialist lenders were raising their prices. "It's getting more expensive," he said. Philip George, managing director of Commercial First, the market leading specialist commercial mortgage ...
    2007-09-11 03:56:00
  • Gathering of economists sees clouds over the Valley

    AZCentral.com - The broker who explained your adjustable mortgage is now asking "Would you like fries with that?" Fed relief could help Crocker Liu, an Arizona State University real estate expert, said the Federal Reserve board could offer some relief Tuesday by ...
    2007-09-11 04:46:00