Mortgage and Financial News From 2007-10-11 Page 11

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• Aiding clients in difficult home markets

  Boston Globe - While clients like Charleton's may have the capacity to batten down the financial hatches for months or even years, the holding costs of mortgage payments, taxes, insurance and maintenance can spring a substantial leak in a client's portfolio and ...
  2007-10-11 10:06:00

• M&T Bank, Buffett Holding, Says Income Fell on Loans (Update1)

  Bloomberg - Exclusive Worldwide Regions Markets Economy Politics Industries Consumer Energy Finance Health Care Insurance Real Estate Technology ... M&T said in March that higher defaults and lower-than-expected bids from mortgage investors had cut earnings, one of the ...
  2007-10-11 06:24:00

• Poll Shows Voters Want Long Term Care Included in Presidential ...

  Forbes - Genworth is a leading financial security company meeting the retirement, longevity and lifestyle protection, investment and mortgage insurance needs of more than 15 million customers, with a presence in more than 25 countries. For more information ...
  2007-10-11 06:02:00

• FDIC shifts sales strategy for Market Street Mortgage

  Tampa Bay Business Journal - The Federal Deposit Insurance Corp. will try to sell Market Street Mortgage Corp. in pieces, after failing to find a buyer for the entire company. "We want to maximize the value of Market Street Mortgage, and we're working to do that," said Rickey ...
  2007-10-11 07:42:00

• Latest: ING Insurance appoints CEO

  Business Times Malaysia - Under her management, the division became the leading provider of employee benefits in the country, with 240 staff. ING Insurance Bhd encompasses the life insurance, general insurance, mortgage lending and employee benefits businesses of ING in the ...
  2007-10-11 03:46:00

• Crist Reinstates No-Fault Car Insurance (WESH 2 Orlando)

  Gov. Charlie Crist signs a measure reinstating no-fault car insurance in Florida.
  2007-10-11 08:31:08

• Surviving the mortgage market crash (The Champion Newspaper)

  Richard Dorfman , president and CEO of Federal Home Loan Bank of Atlanta has worked with banks and investors for more than 20 years -- Long enough to know that unscrupulous mortgage brokers may have attributed to the current slump in the housing market and long enough to know that the chaos, is only temporary.
  2007-10-11 12:26:06

• Back to basics for mortgage seekers (Deseret Morning News)

  An abrupt shift back to the basics of mortgage lending has many house hunters nervous because several once-popular types of loans are disappearing.
  2007-10-11 05:47:31

• Bush Officials Launch Mortgage Coalition (Washington Post)

  Responding to the rise in foreclosures, the Bush administration yesterday announced the creation of a mortgage industry coalition to "step up efforts" to prevent people from losing their homes.
  2007-10-11 05:42:18

• FDIC shifts sales strategy for Market Street Mortgage (BizJournals)

  The Federal Deposit Insurance Corp. will try to sell Market Street Mortgage Corp. in pieces, after failing to find a buyer for the entire company.
  2007-10-11 08:14:16

• Kroszner Says Fed to Review Mortgage Subsidiaries (Update2)

  Bloomberg - ... Federal Reserve Governor Randall Kroszner said the Fed will review the mortgage-lending practices of the nonbank subsidiaries of banks after standards dropped during the housing boom that ended last year. The review will examine lenders ...
  2007-10-11 08:54:00

• Mortgagebrokers.com Adds 24 Additional Mortgage Origination ...

  Forbes - ... challenges on several fronts, Mortgagebrokers.com has no exposure to the sub-prime markets as they do not underwrite, service or fund any type of mortgage, rather they facilitate and coordinate residential transactions between buyers and lenders. ...
  2007-10-11 04:58:00

• Fannie Mae, Freddie Mac Plan Threatens `Soundness,' Ofheo Says

  Bloomberg - Congress created Fannie Mae and Freddie Mac to expand home ownership and promote mortgage-market stability, a mission they fulfill by purchasing home loans from lenders and guaranteeing mortgage-backed securities. Freddie Mac held $732.2 billion of ...
  2007-10-11 10:56:00

• Foreclosures ease up in September

  Birmingham Business Journal - RealtyTrac: Georgia drops to 6 in foreclosures [Atlanta] Traditional mortgage lenders seeing new business [Honolulu] Wave of foreclosure sales starts to hit the market [South Florida] Nearly 40 states across the country, including Alabama, recorded ...
  2007-10-11 08:40:00

• Bush Officials Launch Mortgage Coalition

  Washington Post - ... the Bush administration yesterday announced the creation of a mortgage industry coalition to "step up efforts" to prevent people from losing their homes. Treasury Secretary Henry M. Paulson Jr. said a broad collection of lenders, mortgage counselors ...
  2007-10-10 11:36:00

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