Mortgage and Financial News From 2007-9-9 Page 9
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Slowdown could hurt Pennsylvania mortgage companies
York Dispatch Online - HARRISBURG -- When the housing market took off in the early part of the decade, so did the number of mortgage brokers and mortgage bankers licensed in Pennsylvania. The number of mortgage licenses issued by the state Department of Banking ballooned ...
2007-09-09 05:43:00 -
Mortgage crisis not over (Herald Sun)
THE sub-prime mortgage shakeout was not over, with further losses expected to be revealed at the end of this month, says the head of Australia's biggest bank.
2007-09-09 07:00:00 -
Sub-prime mortgage alarm (Adelaide Now)
THE U.S. sub-prime mortgage shakeout is not over, with further losses expected to be revealed at the end of this month, says the head of Australia's biggest bank.
2007-09-09 07:17:05 -
Slowdown could hurt Pennsylvania mortgage companies (The York Dispatch)
HARRISBURG -- When the housing market took off in the early part of the decade, so did the number of mortgage brokers and mortgage bankers licensed in Pennsylvania.
2007-09-09 05:52:56 -
Tiny diners serve up all kinds of food, but hold the long waits, high ...
Fort Worth Star-Telegram - People don't want to wait in line -- we try to keep it very simple," said Roh, who left his job as a mortgage broker to run Al's three years ago because he thought it would be less stressful. He kept the name because it was familiar to customers. "It ...
2007-09-09 02:37:00 -
Dodd proposes breaks for subprime borrowers
Greenwich Time - Dodd's proposed legislation extends to all borrowers (not just subprimes) and clarifies the mortgage broker's duty to the borrower. It will also prohibit "steering," in which the broker steers the borrower to a more costly loan. Hopefully, a ...
2007-09-09 02:01:00 -
Not Hip Hips Hooray
Oxfordshire News - Melanie Bien, director at mortgage broker Savills Private Finance, based in Oxford, said extending Hips to three-bedroomed properties was happening before the system had been properly tested. She added: "Sellers have accepted they need to offer a Hip ...
2007-09-09 07:52:00 -
Teacher's house was heaven-sent
NorthJersey.com - She found it oddly coincidental that her real estate agent was the parent of students at Northern Valley and her mortgage broker was a 1985 graduate of Northern Valley. She feels she is in the right place. And she is ready -- and proud -- to be a ...
2007-09-09 06:40:00 -
Lawmakers may revise mortgage laws in state
Hattiesburg American - According to Hood's office, the violations can range from lenders falsifying a buyer's income to a real estate appraiser inflating the value of a house for the benefit of the mortgage broker. "Legislation is needed, and that's why we are in the ...
2007-09-09 02:01:00 -
A good loan officer is like a ‘pit bull in sneakers’: Put one to ...
Asheville Citizen-Times - Despite what the ads say, getting a mortgage is not as easy buying a cup of coffee and a lot more expensive if you choose the wrong flavor. Obtain expert advice and sleep well at night. This is the opinion of Beth Burdick of Ashford Mortgage Advisors ...
2007-09-08 09:58:00 -
Lawmakers may revise mortgage laws in state (Hattiesburg American)
JACKSON -Lawmakers will be asked to revise Mississippi's mortgage laws in the wake of a subprime lending crisis that is leading to a record number of foreclosures across the nation.
2007-09-09 03:01:52 -
Analysts wary on investment banks' third quarter
Philadelphia Inquirer - Lehman said it was shuttering its subprime-mortgage unit and cutting back positions globally. Analysts said they would be looking to see if the investment banks' mix of businesses - including takeover advice, foreign exchange and equities trading ...
2007-09-08 11:52:00 -
Investment property too much to handle
Seattle Times - Making the mortgage payments ate through all of my cash reserves. Currently I have tenants, but the income does not quite ... Any advice or information you can give would be appreciated. A: You're in a very tough position, akin to the people I ...
2007-09-09 12:21:00 -
U.S. advises lenders to ease failing loans
Baltimore Sun - The new guidelines are not mandatory, but the regulators expressed the hope that companies that collect payments on mortgages would heed the advice. Sheila C. Bair, chairman of the Federal Deposit Insurance Corp., said that mortgage collectors have ...
2007-09-04 05:59:00 -
THE DEBT PENALTY
Sunday People - Or you could extend your mortgage term or switch to an interest-only loan to ease the pressure. For free help and advice contact the Consumer Credit Counselling Service on 0800 138 1111, Citizens Advice on 020 7833 2181, National Debtline on 0808 808 ...
2007-09-09 02:37:00