Mortgage and Financial News From 2007-10-3 Page 16

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  • ETFs Seeking Out Individual Investors

    Newsday - NEW YORK - After first scoring a hit with Wall Street traders, then with financial advisers, fund companies that market exchange-traded funds are reaching out to an even wider audience: individual investors who trade for their own accounts. ETF ads ...
    2007-10-03 05:07:00

  • Jumbo Subprime Home Loans More Likely to Default, UBS Says

    Bloomberg - The loans exceed the $417,000 limit for what government- chartered Fannie Mae and Freddie Mac, the two largest U.S. mortgage-finance companies, can buy, the New York-based UBS analysts wrote in a report yesterday. That also makes the loans ineligible ...
    2007-10-03 07:59:00

  • Democratic lawmakers to call on White House to create special mortgage ...

    International Herald Tribune - To alleviate strain in the mortgage market, they will also ask the administration to further increase the investment portfolio caps for home-loan finance companies Fannie Mae and Freddie Mac. The government last month nudged those caps slightly higher ...
    2007-10-03 07:16:00

  • Contracts on home resales at all-time low

    Baltimore Sun - The problems, experts say, were seen especially in expensive areas where borrowers need to take out "jumbo" home loans above $417,000 that can't be sold to government-sponsored mortgage companies Fannie Mae and Freddie Mac In late August, the gap in ...
    2007-10-03 04:31:00

  • How tax sales work

    Baltimore Sun - ... before placing their accounts in the tax sale. They also publish a list of these properties in newspapers and post delinquent billings on Web sites. State law sets the parameters for paying off the liens, which most people or their mortgage companies ...
    2007-10-03 05:07:00

  • Democrats to call for "mortgage czar": sources

    Reuters - The Democrats will also call for the current limit on Fannie Mae FNM.N and Freddie Mac FRE.N investments to be lifted so the mortgage finance companies can buy more troubled home loans. Several leading Democrats for weeks have called for the federal ...
    2007-10-03 08:35:00

  • Layoffs Hit Mortgage Companies Hard

    FOX News - NEW YORK — Planned U.S. layoffs fell nearly 10 percent in September as the slump in housing continued to hurt payrolls, an independent report showed on Wednesday. More than a third of last month's 71,739 announced job cuts came from mortgage ...
    2007-10-03 07:09:00

  • Bear Stearns to lay off 300 mortgage workers: report (EARTHtimes.org)

    NEW YORK (Reuters) - Bear Stearns Cos Inc is laying off 300 mortgage workers, cable news channel CNBC reported on Wednesday.
    2007-10-03 08:21:14

  • Mortgage woes lead Morgan Stanley to cut jobs (Asbury Park Press)

    Morgan Stanley, the second-biggest U.S. securities firm, plans to cut 600 jobs after a decline in mortgage-related revenue led to lower third-quarter earnings than analysts estimated.
    2007-10-03 02:00:37

  • Democrats to call for "mortgage czar": sources (Reuters via Yahoo! News)

    Democratic leaders in the U.S. Congress on Wednesday will call for appointment of a "mortgage czar" to deal with a spike in foreclosures and more spending to help troubled homeowners, sources familiar with the plan said.
    2007-10-03 08:39:47

  • Job Cuts Worst Among Mortgage Companies (AP via Yahoo! Finance)

    About 37 percent of September job cuts were connected to the housing industry as that sector continues to languish in a deep slump, consulting firm Challenger, Gray & Christmas Inc. said Wednesday.
    2007-10-03 05:01:10

  • Layoffs Hit Mortgage Companies Hard (Fox News)

    Planned U.S layoffs fell close to 10 percent last month, with more than a third of the job cuts coming from mortgage lenders.
    2007-10-03 07:19:38

  • City man indicted for ‘flipping’ real estate

    State Journal-Register - State Street Mortgage and Finance surrendered its broker’s license in 2004. A similarly named brokerage, State Street Mortgage and Loan at 811 Conkling Ave., has different management. Sarah Antonacci can be reached at 788-1529 or sarah.antonacci ...
    2007-10-03 04:10:00

  • City gives developer 30-day deadline

    Arizona Daily Star - The new plan had a "unconventional" $43 million commitment from a local mortgage broker, Spitzer Financial, which is also Noonan's business partner — something she failed to disclose when she submitted he financial plan, Shelko said.
    2007-10-03 12:35:00

  • 'Miraculous' escape from plane crash

    News Shopper - Mr Giles, who is a mortgage broker, became a father this year, to baby Freddie, who was born 15 weeks early. The 29-year-old added: "Freddie has survived against all odds too; we seem to have been a very lucky family this year. "It makes you very ...
    2007-10-03 02:44:00

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