Mortgage and Financial News From 2008-1-25 Page 14

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  • Weichert Real Estate Affiliates Ranked as a Top Franchise by ... - Franchising.com (press release)

    Weichert Real Estate Affiliates Ranked as a Top Franchise by ...Franchising.com (press release), CA - 5 hours agoAccording to the magazine, this makes Weichert Real Estate Affiliates the second-fastest growing real estate franchise in the nation. ...
    2008-01-25 01:13:37

  • Canadian Core Inflation Slowest Since December 2005 (Update3) - Bloomberg

    Canadian Core Inflation Slowest Since December 2005 (Update3)Bloomberg - 5 hours agoGasoline prices were 15 percent higher than in December 2006, and the cost of shelter rose 4 percent, as mortgages gained 7.3 percent, the statistics agency ...
    2008-01-25 01:23:09

  • Regional Spotlight: Buyers Hungry for Foreclosure Deals in LA-Area - RisMedia.com (press release)

    Regional Spotlight: Buyers Hungry for Foreclosure Deals in LA-AreaRisMedia.com (press release), CT - 5 hours ago“There are lots of borrowers in California, specifically investors, defaulting on subprime adjustable rate mortgages (ARMs), which is driving up the ...
    2008-01-25 01:36:50

  • Countrywide's Underwriters Sued for Fraud by New York (Update1) - Bloomberg

    Countrywide's Underwriters Sued for Fraud by New York (Update1)Bloomberg - 4 hours agoThe world's biggest financial companies have posted at least $133 billion in credit losses and writedowns tied to declining values of subprime mortgages. ...
    2008-01-25 02:08:19

  • NY Fed Issues Subprime Mortgage Figures - Houston Chronicle

    NY Fed Issues Subprime Mortgage FiguresHouston Chronicle, United States - 4 hours agoBrentwood on Long Island has the second highest number, with 1782 loans and a 12.5 percent foreclosure rate. Bay Shore is third, with 1484 loans and a 13.4 ...
    2008-01-25 02:55:31

  • Schumer Says Senate Likely to Boost Jobless Benefits (Update1) - Bloomberg

    Schumer Says Senate Likely to Boost Jobless Benefits (Update1)Bloomberg - 3 hours ago... give businesses incentives to invest in equipment and allow federally chartered mortgage-finance companies Fannie Mae and Freddie Mac to buy mortgages ...
    2008-01-25 03:35:54

  • Option-ARM loans the latest worry for lenders - Providence Journal

    Option-ARM loans the latest worry for lendersProvidence Journal, RI - 2 hours agoBy E. Scott Reckard The no-worries lending that inflated the housing bubble is resulting in a flood of soured option-ARM loans, adjustable-rate mortgages ...
    2008-01-25 04:03:15

  • Reform and reassess - Mortgage Introducer

    Reform and reassessMortgage Introducer, UK - 2 hours agoThe second, ‘primary advice’, provides more straightforward advice on less complicated needs using simple products. The ‘professional financial planning and ...
    2008-01-25 04:40:34

  • What’s $34 Billion on Wall St.? - New York Times

    What’s $34 Billion on Wall St.?New York Times, United States - 2 hours agoHe has since founded a second fund, JWM Partners, with assets of around $3 billion. More recently, Brian Hunter, the energy trader at Amaranth Advisors ...
    2008-01-25 04:57:25

  • Fed’s finger in the dike on mortgage rates - Minneapolis Star Tribune (subscription)

    Fed’s finger in the dike on mortgage ratesMinneapolis Star Tribune (subscription), MN - 17 minutes agoFreddie Mac's chief economist, Frank Nothaft, suggested that low rates could help stabilize the housing market by the second half of this year. ...
    2008-01-25 06:41:06

  • Mark Carney takes up his mission - ReportonBusiness.com

    Mark Carney takes up his missionReportonBusiness.com, Canada - 13 minutes agoAt the G7, Mr. Carney was asking probing questions about the macroeconomic effects of subprime mortgages long before others had gone down that road, ...
    2008-01-25 06:44:47

  • Fed data show NYC, Long Island stung most by subprime woes (Press & Sun-Bulletin)

    ALBANY (AP) -- The subprime mortgage meltdown is taking a toll in New York, with New York City and Long Island feeling the brunt, according to data released Friday.
    2008-01-25 04:14:23

  • The Week In Review: Damaged Wolseley is in need of urgent repairs (Independent)

    The foundations shook at Wolseley, the plumbing and building materials group, as £600m of value was wiped off within seconds of the first shares changing hands. The group warned that profits for the five months to the end of December are likely to be down by almost a third. The slump in US housing demand is to blame. The crisis is also spreading to Europe.
    2008-01-25 04:29:34

  • Shareholder pressuring MoneyGram to reject deal (Minneapolis-St. Paul Star Tribune)

    Large shareholder also questions advice of MoneyGram's investment adviser J.P. Morgan Chase, which is also a creditor.
    2008-01-25 05:04:08

  • Fed’s finger in the dike on mortgage rates (Minneapolis-St. Paul Star Tribune)

    Some say the lowest mortgage rates in four years could help stabilize the housing market. But others aren't so sure.
    2008-01-25 06:49:08

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