Mortgage and Financial News From 2008-7-17 Page 10
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Morgan Stanley, Dresdner May Have to Buy HBOS at Loss (Update1) - Bloomberg
July 17 (Bloomberg) -- Morgan Stanley and Dresdner Kleinwort Ltd. may be forced to buy shares of HBOS Plc, Britain's biggest mortgage lender, at a loss. HBOS fell today in London trading to 251.5 pence, 8.5 percent below the price of 275 pence that ...
2008-07-17 02:32:00 -
Ninth District candidates debate in forum (Maneater)
With Missouri's primary elections less than a month away, Republican and Democratic candidates vying for the state's Ninth Congressional District seat discussed the issues in candidate forums held on Monday at Stephens College.
2008-07-17 06:44:20 -
Bank of the Ozarks Joins Wolters Kluwer Financial Services' AppOne Platform (Business Wire via Yahoo! Finance)
BATON ROUGE, La.----AppOne, a part of Wolters Kluwer Financial Services, announced today that Bank of the Ozarks, an Arkansas-based bank that offers commercial equipment financing and leasing through Bank of the Ozarks Leasing, joined AppOne's lender network.
2008-07-17 07:00:00 -
Gerald Bracey: Getting it Backwards (HuffingtonPost)
Getting It Backwards Those who dispense anxiety about America's schools have got it all backwards. Bill Gates, Roy Romer, Bob Wise, Bill Bennett and many...
2008-07-17 07:01:16 -
FDIC's big test: Delinquent IndyMac mortgages (CNNMoney.com via Yahoo! Finance)
When FDIC Chairwoman Sheila Bair swooped in on Friday and took over IndyMac Bank, she became steward to billions of dollars in customer savings deposits. She also inherited $200 billion worth of home mortgages - a sizable number of which are in trouble.
2008-07-17 07:02:00 -
Equal Credit Opportunity Act (Federal Reserve Board)
Chairman Watt, Ranking Member Miller, and members of the Subcommittee, I want to thank you for this opportunity to discuss whether the collection of data by creditors on credit applicants' personal characteristics (such as race, ethnicity, and sex) for non-mortgage loans is appropriate, and if so, how this might best be accomplished.
2008-07-17 07:03:03 -
Fed's Kroszner Sheds Light On HOPEA (INO News)
(RTTNews) - Federal Reserve Governor Randall Kroszner explained the involved process that led to the Federal Reserve's implementation Monday of the Home Ownership and Equity Protection Act, or HOPEA, Thursday.
2008-07-17 07:04:10 -
Fannie Mae, Freddie Mac shakeup seen (Moldova.org)
Fannie Mae and Freddie Mac's political dealings of the past aren't good predictors of what will happen to the troubled lenders in the future, observers said.The government-sponsored mortgage enterprises, which saw their stocks tumble as they struggle to raise billions of dollars in fresh capital, in the past successfully lobbied against more stringent regulation. Both entities have deep ties to ...
2008-07-17 07:06:22 -
Opening door for homeowners (Worcester Telegram & Gazette)
WORCESTER - Gloria Marquez sat alone at a table in the Worcester Technical High School cafeteria yesterday, glancing at a group of other homeowners while listening to instructions on how to potentially prevent a foreclosure on her property.
2008-07-17 07:28:48 -
CIT Has Fifth Straight Loss on Mortgage Units' Sale (Update2) - Bloomberg
July 17 (Bloomberg) -- CIT Group Inc. , the century-old commercial lender facing about $6.2 billion in debt repayments by the end of the year, posted its fifth straight quarterly loss after losing money on the sale of its mortgage businesses. The ...
2008-07-17 04:55:00 -
MGIC Loses $97.9 Million as Mortgage Claims Surge (Update2) - Bloomberg
July 17 (Bloomberg) -- MGIC Investment Corp. posted its fourth straight unprofitable quarter as the worst housing slump since the 1930s drove the largest U.S. mortgage insurer to a $97.9 million loss in the three months ended June 30. MGIC's net loss ...
2008-07-17 05:38:00 -
Nationwide and C&G trim mortgage rates - International Herald Tribune
LONDON : Nationwide and Cheltenham & Gloucester have become the latest lenders to trim their mortgage rates, reflecting a slight easing in wholesale borrowing costs. Nationwide, the country's second-biggest mortgage lender, said it would cut its ...
2008-07-17 04:48:00 -
FBI probing possible fraud at IndyMac - Baltimore Sun
WASHINGTON - The FBI is investigating possible fraud at the failed bank IndyMac, a victim of the subprime mortgage market collapse, a law enforcement official said yesterday. It was not immediately clear when the FBI's probe of the bank began or ...
2008-07-17 05:02:00 -
S. Calif. median home price down 29% from June '07 - San Diego Union-Tribune
The San Diego research firm said foreclosed homes represented more than 40 percent of all sales for the first time. Of the 17,424 homes sold in Southern California in June, 41.1 percent had gone through foreclosure in the previous 12 months, compared ...
2008-07-17 01:20:00 -
10 Tips: Watch out for TV pitchmen - MSNBC
The people in TV commercials can seem so kind, so understanding, so genuinely concerned about you. Need a little extra cash in advance of your next paycheck? No problem! Need help repairing your credit? No problem! Well, actually, there is a problem ...
2008-07-16 10:54:00