Mortgage and Financial News From 2007-8-29 Page 11

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• Indian Bank revises interest rates

  Chennai Online - Mumbai, August 28: Chennai-based Indian Bank today revised interest rates on fixed deposits effective from September 1. Interest rates on term deposits of tenure one year to less than three years have been revised to 9 per cent, Indian Bank informed ...
  2007-08-28 08:50:00

• IRFC drops bonds plan (Business Standard India)

  Close on the heels of Power Finance Corporation, Indian Railway Finance Corporation ( IRFC) is understood to have dropped its plan to raise money through issuance of bonds.
  2007-08-28 06:49:11

• Kuwaiti investment house hails Oman's economic growth (MENAFN)

  Kuwaiti investment house hails Oman's economic growth
  2007-08-29 06:02:56

• Watch for mortgage pitfalls when shopping for a home

  Modesto Bee - Watch for mortgage pitfalls when shopping for a home ... If you're already struggling to pay rent and a lender offers you a loan requiring even higher monthly ...
  2007-08-29 10:54:00

• Objections mount to Magnus' wage plan

  Arizona Daily Star - Lawyers with the firm filed suit earlier this month against another floundering mortgage lender, Long Island-based American Home Mortgage Investment Corp. for violating the federal Worker Adjustment and Retraining Notification Act. The law requires ...
  2007-08-29 01:53:00

• UPDATE 1-IndyMac to hire up to 850 ex-American Home workers

  Reuters - Last: NEW YORK, Aug 28 (Reuters) - IndyMac Bancorp Inc (IMB.N: Quote , Profile , Research ), the ninth-largest U.S. mortgage lender, said on Tuesday it expects to hire 750 to 850 former employees of bankrupt American Home Mortgage Investment Corp ...
  2007-08-28 07:09:00

• No way to know how many will be caught up in lender turmoil

  Seattle Times - Relatively few nonbank lenders, such as Countrywide Financial, the nation's largest mortgage lender, are publicly traded and ... forecasts about the length and depth of the housing slump is possible by tracking changes in interest rates, home sales ...
  2007-08-29 07:19:00

• Accredited Home Lenders shares gain

  Reuters - ... Accredited Home Lenders Holding Co (LEND.O: Quote , Profile , Research ) rose before the opening bell on Wednesday after private equity firm Lone Star Funds said on late on Tuesday it extended its tender offer to buy the subprime mortgage lender. ...
  2007-08-29 12:27:00

• Real people, real mortgage nightmares

  CNN - They've fallen behind in payments on their home loan, and their lender told them in July that foreclosure was imminent. "We thought we were fine," said Connie regretfully. "You never know." An increasing number of homeowners and prospective ...
  2007-08-29 02:00:00

• IndyMac to shift focus to prime loans

  Los Angeles Times - IndyMac said Tuesday that it would hire about 800 former employees of American Home Mortgage Investment Co., which has filed for bankruptcy protection, and take over 90 of the lender's direct-to-consumer offices to make prime loans. Melville, N.Y ...
  2007-08-29 01:32:00

• Lone Star extends Accredited Home tender

  Boston Globe - Lone Star is trying to back out of the deal, saying the panic and illiquidity plaguing the subprime mortgage industry have changed the outlook for the San Diego-based lender. Accredited Home Lenders claims Lone Star cannot abandon the deal because of ...
  2007-08-29 02:15:00

• IndyMac to hire up to 850 ex-American Home workers (Reuters via Yahoo! Asia News)

  NEW YORK (Reuters) - IndyMac Bancorp Inc , the ninth-largest U.S. mortgage lender, said on Tuesday it expects to hire 750 to 850 former employees of bankrupt American Home Mortgage Investment Corp as it prepares for a rebound in demand for home loans.
  2007-08-28 07:16:31

• IndyMac Enlists 600 Fired From Bankrupt American Home (Update1) (Bloomberg.com)

  Aug. 28 (Bloomberg) -- IndyMac Bancorp Inc., the biggest U.S. independent home lender, is hiring as many as 850 former employees of bankrupt American Home Mortgage Investment Corp. in a push to issue more loans to people with good credit.
  2007-08-28 07:55:44

• US Mortgage Crisis Keeps Home Buyers On Sidelines (Turks.US)

  The continuing US mortgage crisis is creating a huge slump in housing sales, as most prospective home buyers are shying away from buying new homes.
  2007-08-29 01:54:19

• IndyMac to hire up to 850 ex-American Home workers (Reuters via Yahoo! News)

  IndyMac Bancorp Inc , the ninth-largest U.S. mortgage lender, said on Tuesday it expects to hire as many as 850 former employees of bankrupt rival American Home Mortgage Investment Corp as it prepares for a rebound in demand for home loans.
  2007-08-28 08:24:58

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