Mortgage and Financial News From 2007-8-29 Page 4

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  • Senator asks Countrywide to halt pushy business practices

    Reuters - Christopher Dodd, chairman of the Senate Banking Committee, said that all mortgage lenders and brokers should eliminate incentives that simply mean higher costs for borrowers. It is not enough for Countrywide alone to reform their business practices ...
    2007-08-29 09:24:00

  • Obama Would Target Subprime Lenders

    HispanicBusiness.com - WASHINGTON -- U.S. Democratic presidential hopeful Sen. Barack Obama of Illinois said he would fine sub-prime mortgage lenders to bail out a myriad of foreclosures. Writing in Wednesday's Financial Times, Obama cited figures from the Center for ...
    2007-08-29 03:33:00

  • Miller; Mortgage legislation on his agenda

    Times-News - Not long after Congress reconvenes on Sept. 4, Rep. Brad Miller says he will introduce legislation to regulate the predatory practices of some mortgage lenders. Miller, a Democrat who represents part of Alamance County, is a member of the Financial ...
    2007-08-29 08:55:00

  • U.S. MBA's Mortgage Applications Index Dropped 4% (Update3)

    Bloomberg - More than 100 mortgage lenders have ceased operations or sought buyers this year as investors' demand for riskier assets has dried up. `Pretty Bad' Edward Hyman, chairman of International Strategy and Investment Group in New York ...
    2007-08-29 06:11:00

  • Sen. Obama Seeks Fine for Unscrupulous Lenders

    NPR News - Morning Edition , August 29, 2007 · Illinois Sen. Barack Obama wrote in an editorial in the Financial Times that unscrupulous mortgage lenders are to blame for the current credit crisis. Obama wants to fine lenders who sell mortgages to borrowers ...
    2007-08-29 02:07:00

  • Mortgage lender debt protection costs rise

    Reuters - Last: NEW YORK, Aug 29 (Reuters) - Debt protection costs on U.S. mortgage lenders, including Countrywide Financial Corp. (CFC.N: Quote , Profile , Research ), rose on Wednesday as concerns about weakness in residential mortgages and the housing ...
    2007-08-29 07:22:00

  • Police launch inquiry into suspected mortgage fraud gangs

    Times Online - Detectives are investigating mortgage fraud rackets after lenders alerted City of London Police to an “unusually high” number of defaults on commercial and residential property loans over the past six months. The reports have led the police to ...
    2007-08-29 07:58:00

  • Obama would target sub-prime lenders (Moldova.org)

    U.S. Democratic presidential hopeful Sen. Barack Obama of Illinois said he would fine sub-prime mortgage lenders to bail out a myriad of foreclosures.Writing in Wednesday's Financial Times, Obama cited figures from the Center for Responsive Politics in his criticism of lobbyists he said are responsible for the mortgage meltdown.While predatory lenders were driving low-income families into ...
    2007-08-29 02:12:03

  • Tracking lenders difficult (The Charlotte Observer)

    It's hard to know how scared to be if you don't know the size of the threat. No, not terrorism, housing. The U.S. mortgage-lending business is a sprawling, varied enterprise that no one regulator oversees, making it impossible to know how many mortgages or lenders not insured by the government are in trouble. Even worse, no public records are available to show who holds the trillions of dollars ...
    2007-08-29 07:06:21

  • Thrift exec beats mortgage madness (Crain's New York Business)

    With mortgage lenders dropping like flies, Astoria Financial Corp. CEO George Engelke Jr. is resting on his laurels.
    2007-08-29 09:04:22

  • Obama Would Target Subprime Lenders (HispanicBusiness.com)

    WASHINGTON -- U.S. Democratic presidential hopeful Sen. Barack Obama of Illinois said he would fine sub-prime mortgage lenders to bail out a myriad of foreclosures.
    2007-08-29 03:59:20

  • Sen. Obama Seeks Fine for Unscrupulous Lenders (NPR)

    Morning Edition , August 29, 2007 · Illinois Sen. Barack Obama wrote in an editorial in the Financial Times that unscrupulous mortgage lenders are to blame for the current credit crisis. Obama wants to fine lenders who sell mortgages to borrowers who can't afford them.
    2007-08-29 02:25:00

  • Obama would target sub-prime lenders (UPI)

    U.S. Democratic presidential hopeful Sen. Barack Obama of Illinois says he would fine sub-prime mortgage lenders to bail out a myriad of foreclosures.
    2007-08-29 02:14:08

  • Fitch Rates Wells Fargo's $375MM P-T Ctfs Series 2007-12

    Forbes - The transaction consists of 602 fixed interest rate, first lien mortgage loans, with an original weighted average term to maturity (WAM) of approximately 30 years. All of the mortgage loans were made in connection with the relocation of employees of ...
    2007-08-29 08:13:00

  • Subprime loans face big hikes

    Christian Science Monitor - New York - Millions of homeowners around the nation are now getting the news in the mail: The interest rate on their home loans is going up, possibly to double-digit levels. The hardest hit are expected to be people who have less-than ...
    2007-08-29 08:55:00

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