Mortgage and Financial News From 2007-9-11 Page 7

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  • Bond insurers feel the chill from credit turmoil fallout (FT.com via Yahoo! News)

    As the effects of the US subprime mortgage crisis have rippled out into the broader credit markets, bond insurers - an important but normally staid group of companies - have increasingly fallen victims to the turbulence.
    2007-09-11 01:15:35
  • Choice comes with flair (Muskogee Phoenix)

    231-Auto/Mortgage Insurance Clerk FT or FT position in Muskogee. Computer knowledge and data entry skills required. Email resumes to: resume@ciaokc.com or ...
    2007-09-11 04:28:02
  • Bigger role proposed for 2 mortgage giants (Baltimore Sun)

    Sen. Charles E. Schumer proposed yesterday that two government-sponsored mortgage giants be allowed to increase their role in the home loan market as a stabilizing force for the troubled mortgage industry.
    2007-09-11 12:47:30
  • Schumer: Expand mortgage program (The Post-Standard)

    Washington Sen. Charles Schumer, D-N.Y., proposed Monday allowing two government-sponsored mortgage giants to take a bigger share of the home loan market to help stabilize the troubled mortgage industry.
    2007-09-11 01:55:58
  • Mortgage industry faces severe job cuts (Financial Times)

    More than 100,000 jobs may well be lost from the US mortgage industry in the next few months as the turmoil in the credit markets begins to bite.
    2007-09-11 02:47:28
  • Cost of Employer-Provided Insurance Rises 6 Percent (Washington Post)

    The cost of employer-provided health insurance rose 6.1 percent this year, the smallest jump since 1999, but still well above the increase in wages and consumer prices, according to an annual survey released today by the Henry J. Kaiser Family Foundation.
    2007-09-11 06:50:24
  • Mortgage ads warning

    Boston Online - The Federal Trade Commission today issued letters to more than 200 mortgage brokers, lenders and media outlets warning them the ads they are running are "potentially deceptive" or may violate federal law such as the Truth in Lending Act. The agency ...
    2007-09-11 09:08:00
  • Bankrate stock climbs as ThinkEquity analyst names the company a top ...

    CNBC - Despite the problems in the subprime mortgage market, mortgage lenders continue to advertise on Bankrate to find highly qualified homebuyers, Aftahi points out. Additionally, financial institutions are spending more on deposit and CD ads to offset ...
    2007-09-11 11:24:00
  • Business news in brief

    Philadelphia Inquirer - RAIT Financial Trust, Philadelphia, slashed its third-quarter dividend to 46 cents per share from the 84 cents in the second quarter, because some of the real estate investment trust's loans to residential mortgage lenders and homebuilders have been ...
    2007-09-11 08:54:00
  • Fall in mortgage applications as interest rate rises bite

    Times Online - Further evidence of a slowing housing market has emerged as the latest figures from the Council of Mortgage Lenders (CML) reveal that the number of people taking out home loans fell in July. The number of mortgages taken out for house purchases ...
    2007-09-11 04:29:00
  • Iowa official launches program to slow mortgage foreclosures

    CNBC - DES MOINES, Iowa - Thousands of Iowans are losing their homes as lenders foreclose on risky loans that should have never been offered in the first place, Iowa's attorney general said Tuesday. In an effort to avoid some of those foreclosures, Attorney ...
    2007-09-11 03:42:00
  • H&R Block to fire 575 Option One mortgage staff

    CNBC - Dozens of mortgage lenders have quit the industry this year as defaults rose, home prices stopped rising, and investors stopped buying home loans they now consider too risky. More than 50,000 U.S. mortgage job cuts have been announced this year. ...
    2007-09-11 03:20:00
  • Federal Trade Commission Warns Against Some Mortgage Ads (KTAL Shreveport)

    (Washington, DC) -- Some advertisements for home mortgages may be deceptive and against the law. That's the word from the Federal Trade Commission, which is warning mortgage brokers, lenders and media outlets about making false or misleading claims.
    2007-09-11 12:27:04
  • Home loans drop points to mortgage market slowdown (Independent)

    Further evidence of a slowdown in the UK mortgage market emerged as the Council of Mortgage Lenders (CML) revealed a 9 per cent fall in the number of home loans taken out in July.
    2007-09-11 04:16:43
  • FTC: Some mortgage ads may violate law (MSNBC)

    The Federal Trade Commission has sent warning letters to more than 200 mortgage brokers, lenders and media outlets warning them against running deceptive Ā mortgage advertisements that may withhold information borrowers need to know the true cost of their home loans.
    2007-09-11 10:18:54