Mortgage and Financial News From 2007-10-11 Page 15

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  • Paulson in drive to ease subprime ‘pain’

    Financial Times - Home foreclosures in the wake of the subprime mortgage crisis will be “painful” for the US economy as well as for American families and neighbourhoods, Hank Paulson, Treasury secretary, said on Wednesday. Mr Paulson announced a fresh drive to ...
    2007-10-11 04:58:00

  • Options for the laid off

    Houston Chronicle - On most weeks it seems the layoff notices from the Texas Workforce Commission include at least one announcement from a mortgage company. Aegis Mortgage Corp., American Home Mortgage, First Magnus Financial Corp. and Universal American Mortgage Co ...
    2007-10-11 06:59:00

  • Beazer to Restate Earnings After Mortgage Unit Probe (Update3) (Bloomberg.com)

    Oct. 11 (Bloomberg) -- Beazer Homes USA Inc., the homebuilder under investigation by the Securities and Exchange Commission, will restate earnings going back to 1999 after an internal probe found its mortgage unit violated federal regulations.
    2007-10-11 08:55:17

  • Mortgage Payments for Homeowners Facing Foreclosure Up 42% in 2007 Compared to Last Year, Reports Consumer Credit ... (PR Newswire via Yahoo! News)

    For many homeowners, an increase in monthly mortgage payments, growing property taxes or higher home insurance costs are making it more difficult to pay their housing bills.
    2007-10-11 04:30:00

  • Garland home sales (Dallas Morning News)

    This list of recent home sales in Garland and Sachse was compiled by MasterFiles Inc. from county deed records. The amount listed is the mortgage, not the total price. In each ZIP code, sales are organized alphabetically by street and include the date recorded.
    2007-10-11 01:05:28

  • Beazer restating results on mortgage, accounting violations (Market Watch)

    BOSTON (MarketWatch) -- Troubled home builder Beazer Homes USA Inc. Thursday said it will be required to restate financial results due to an independent internal investigation into its mortgage origination business and other practices.
    2007-10-11 07:40:36

  • Principal Mortgage Fund, Inc. Enters Into a Letter of Intent to Acquire Fair Home Lending Financial, Inc. (Marketwire via Yahoo! Finance)

    Principal Mortgage Fund, Inc. enters into a letter of intent to acquire Fair Home Lending Financial, Inc.. Under the terms of the Letter of Intent, Principal Mortgage Fund will acquire 100% of the issued and outstanding shares of the company and reclassify its investment as a wholly owned portfolio company.
    2007-10-11 06:03:00

  • Copper Fox Announces It Has Earned a 70% Direct Interest in the World ...

    Market Wire - ... 15 million in qualifying expenditures Copper Fox shall earn a 70% direct interest in ... include: fluctuations in commodity prices and currency exchange rates ... forward-looking information in this news release is based on management's current ...
    2007-10-11 05:55:00

  • FOMC: October rate cut not a done deal

    FXStreet.com - Home > Fundamental > Interest Rates > FOMC: October rate cut not a done deal Send Print Add To Rss FOMC: October rate cut not a done deal ... This indicates that the FOMC’s assessment of the current economic situation had deteriorated as well. From a data ...
    2007-10-11 01:59:00

  • FOMC September 18th Meeting

    FXStreet.com - Home > Fundamental > Interest Rates > US: FedWatch Send Print Add To Rss FOMC September 18th Meeting Thu, Oct 11 2007, 09:05 GMT by Luis ... Members of the FOMC recognize the “unusual nature” of the current financial shock by expressing their concerns ...
    2007-10-11 02:06:00

  • Europe, U.S. rate difference boosting euro-minister

    Reuters - The main factor responsible is the dollar, because of the current account deficit," Jouyet told French weekly Paris Match in an interview published on Thursday. "But it is obvious that the difference in interest rates between Europe and the United ...
    2007-10-10 11:50:00

  • First Financial Sells Merchant Service Portfolio

    Forbes - ... marketing agreement and the sale of its merchant payment processing portfolio to Metavante Corporation, the current ... the ability of the company to implement its business plan and retain qualified personnel, inflation, and interest rates. For ...
    2007-10-11 06:24:00

  • Saber Partners Launches Nationwide Campaign to Highlight Safe, Secure ...

    Forbes - The current debt crisis, characterized by massive downgrades and Wall Street structuring issues has allowed lenders to demand higher interest rates for certain bonds, including those classified as "securitizations". However, "Ratepayer Green Bonds ...
    2007-10-11 06:38:00

  • Gold Extends Gains on Concern Inflation May Climb as Oil Rises

    Bloomberg - The bullion should be able to sustain at its current level even if the Federal Reserve maintains interest rates this month, Fortis' Ng said. Others including Peter Tse, Hong Kong-based chief precious metals trader at ScotiaMocatta, said ...
    2007-10-11 12:11:00

  • Mich. ranks No. 4 in rate of foreclosure filings

    Detroit News - Nevada, Florida and California had the highest rates. Rounding out the top 10 ... If a homeowner can't find a way to get current on payments, the home is then often ... who took on adjustable-rate mortgages that are now adjusting to a higher interest ...
    2007-10-11 08:11:00

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