Mortgage and Financial News From 2008-2-4 Page 55
Previous Day: 2008-02-03
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Treasurys off; investor confidence grows (The Forex Market)
NEW YORK (AP) - Treasury prices fell sharply Monday, as investors pulled away from safe haven investments, reflecting increased confidence in recent econonomic stimulus efforts.
2008-02-04 09:28:34 -
Virgin bids for NRock as Olivant quits (Reuters.co.uk)
LONDON (Reuters) - Investment firm Olivant quit the race on Monday to rescue ailing bank Northern Rock , leaving just two suitors in the running -- Richard Branson's Virgin Group and an "in-house" management team.
2008-02-04 09:40:13 -
Virgin bids for NRock as Olivant quits (Interactive Investor)
Business Finance and city news online from Interactive Investor (www.iii.co.uk). Plus financial and currency market news and information 24/7. Stock prices, share prices, currency markets news and business finance headlines. Also news from AFX and Reuters.
2008-02-04 09:45:55 -
Virgin bids for NRock as Olivant quits (EARTHtimes.org)
LONDON (Reuters) - Investment firm Olivant quit the race on Monday to rescue ailing British bank Northern Rock , leaving just two suitors in the running -- Richard Branson's Virgin Group and an in-house management team.
2008-02-04 09:56:23 -
White House Budget Urges US Change Multi-Tier Financial Regulation (Nasdaq)
WASHINGTON -(Dow Jones)- The current menagerie of federal and state regulators for banks, insurers and other financial firms needs to be altered, the White House budget released Monday said.
2008-02-04 09:59:22 -
TOPIC OF THE DAY: Economic rebound
Asbury Park Press - The foreclosure rate has skyrocketed because greedy mortgage lenders dramatically increased mortgage rates after an initial low rate lured many unsuspecting buyers to seek their dream of owning their own home. The fastest way to stop the slide of ...
2008-02-04 05:36:00 -
UPDATE 1-RESEARCH ALERT-Punk Ziegel upgrades 4 U.S. brokerages
Reuters - ... Ziegel analyst Richard Bove upgraded four top U.S. investment banks as a reflection of positive trends in the past three weeks, which include meaningful lower interest rates, a return of lenders to the commercial paper markets and a surge in mortgage ...
2008-02-04 06:55:00 -
Prime mortgages 'swamping market'
MyFinances.co.uk - Sub-prime mortgages are still rife in the market but prime lending is the dominating force, new research has found. According to the Intermediary Mortgage Lenders Association (IMLA) so-called non-conforming mortgages, such a sub-prime and buy-to-let ...
2008-02-04 07:02:00 -
Mortgage Builder Software Appoints Bill Mitchell as Vice President of ...
Forbes - Prior to being appointed to this position, Bennetts was a Mortgage Builder account specialist providing training and support for prospective and existing Mortgage Builder clients. She worked for First American Lenders Advantage, a division of First ...
2008-02-04 05:01:00 -
Wolters Kluwer Financial Services Helps Broker-Dealers Comply with ...
Forbes - Customers include banks, credit unions, mortgage lenders, and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com. Wolters Kluwer ...
2008-02-04 07:09:00 -
Mortgage fallout on city's agenda
Louisville Courier-Journal - In some cases the mortgage lenders did deceive the borrowers, and those cases will be handled in court. But in most cases the borrowers understood that their interest rates would be re-adjusted and could be higher than the initial payments of their ...
2008-02-04 08:14:00 -
Xceed Mortgage Arranges Sale of Insured Mortgages
CNW Group - About Xceed Xceed is one of a new breed of alternative residential mortgage lenders in Canada. Xceed helps Canadians fulfill their aspirations of home ownership. Its borrowers range from those who have solid credit and income histories, but ...
2008-02-04 06:12:00 -
Olivant pulls out of Northern Rock bid battle
Guardian Unlimited - Northern Rock, one of the five largest mortgage lenders in the UK, ran into trouble last summer when the sub-prime lending crisis in the US made institutions nervous about providing money to banks exposed to the British housing market. The subsequent ...
2008-02-04 08:35:00 -
Mercantile Commercial Capital Expands Nationally by Switching ...
Forbes - Other commercial lenders are now following our lead, as the word spreads among mortgage brokers about the opportunities that are available in commercial real estate financing." The company has hosted three conferences in Orlando for prospective new ...
2008-02-04 06:41:00 -
Fed's Kroszner prods mortgage servicers to speed up sub-prime workouts
Forbes - He reviewed the Fed's proposed new mortgage lending regulations, which include requiring more realistic assessments of affordability and preventing lenders or brokers from engaging in a 'pattern or practice' that disregards the borrowers real ability ...
2008-02-04 08:35:00
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