Mortgage and Financial News From 2007-10-3 Page 19

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  • FirstService makes acquisition, boosts outlook

    Reuters Canada - Terms of the purchase were not disclosed. Field Asset Services works on properties acquired through foreclosure by "some of the largest residential mortgage lenders in America," FirstService said in a statement. ($1=$1 Canadian) © Reuters 2007. All ...
    2007-10-03 05:07:00

  • Talk of Qatari buying buoys Lloyds TSB

    Times Online - Sentiment around mortgage lenders was helped by Andy Hornby, the HBOS chief executive, telling a conference last night that the lender would switch earnings away from selling home loans into more profitable areas. Kingfisher, the owner of B&Q, was ...
    2007-10-03 03:41:00

  • CORRECTION: Morgan Stanley to cut about 600 mortgage jobs

    Reuters - But there has been a steep drop in mortgage lending in 2007 as rising defaults in the subprime sector caused widespread distress among lenders and home builders that then spread to other markets. "It's not surprising that Morgan Stanley would take ...
    2007-10-03 04:53:00

  • FirstService acquires residential property preservation services ...

    MSN MoneyCentral - Founded in 1996 and based in Austin, Texas, Field Asset Services provides comprehensive property preservation, maintenance and repair services to some of the largest residential mortgage lenders in America for their residential properties that ...
    2007-10-03 04:53:00

  • Offsets for life's financial ups and downs

    Daily Telegraph - Ten years ago no one would have heard of an offset mortgage, let alone have one. But the mortgage market has changed dramatically. Recent research from the Council of Mortgage Lenders provides a welcome mortgage good-news story – shedding light on ...
    2007-10-03 04:17:00

  • Dan Nicoll Joins PMI as Vice President of Government Sponsored ...

    MSN MoneyCentral - PMI Mortgage Insurance Co. (PMI U.S.), a subsidiary of The PMI Group, Inc. PMI , provides residential mortgage insurance to mortgage lenders, capital market participants, and investors throughout the United States. PMI U.S. is incorporated in ...
    2007-10-03 05:00:00

  • Job cuts worst among mortgage companies

    BusinessWeek - The consulting firm considers mortgage lenders, construction companies and real estate firms the industries that make up housing-related sector. Nevertheless, job cuts were 28.5 percent lower this September than last year, when there were 100,315 job ...
    2007-10-03 05:14:00

  • Sub-Prime Worries Drive Auto Dealers and Lenders Toward Streamlined Loan Portfolio Management, GDEX Founder Says (Business Wire via Yahoo! Finance)

    ----Global Debt Exchange, LLC: WHAT: Next to mortgage lenders and home builders, no one is keeping a closer watch on sub-prime finance trends than America's automobile dealers and the financial institutions that in 2006 made more than $50 billion in auto loans to sub-prime borrowers, according to J.D.
    2007-10-03 04:30:00

  • Mortgage prices will rise with lenders cashing in on rival's turmoil, says HBOS chief (Guardian Unlimited)

    Andy Hornby, the boss of Britain's biggest mortgage lender HBOS, predicted yesterday a "fundamental shift" in the lending markets that will leave homeowners paying considerably more for new loans than they have in recent years.
    2007-10-03 02:16:41

  • Car Sales Show Signs of Stability

    Wall Street Journal - The pace of U.S. light-vehicle sales showed signs of stability in September, generating hope among the auto industry's biggest players that last month's interest-rate cut by the Federal Reserve and expectations of future cuts will start a recovery ...
    2007-10-03 04:24:00

  • Lenders increase personal loan rates

    Guardian Unlimited - Lisa Taylor, analyst at Moneyfacts.co.uk, said the sudden surge in rates came as no surprise given the growth in consumer debt, interest rate hikes and general uncertainty in financial markets. "To be honest, the changes this week probably more ...
    2007-10-03 04:39:00

  • Services show effect of credit crunch

    Guardian Unlimited - ... of 2007 if it becomes clear that growth is taking a major hit, thereby diluting underling inflationary pressures," said Howard Archer. "It is very possible that this will be the case, and we certainly would not rule out a 25 basis point interest rate ...
    2007-10-03 03:20:00

  • Futures inch lower before data

    Reuters - If the ISM data comes in at a stronger pace, that could be interpreted as a negative instead of as a positive since the market is hoping for another (Federal Reserve interest rate) cut. Weaker economic data could probably keep the market in range ...
    2007-10-03 04:17:00

  • Forward diary of events

    CNBC - ... Walker Greenbank FINALS None scheduled AGMs Alba NWF Group Zi Medical EGMs None scheduled TRADING STATEMENTS Halfords Marstons Michael Page International United Drug Victrex ECONOMICS Nationwide Q3 housing review (0700 BST) BoE interest rate ...
    2007-10-03 05:07:00

  • BoE needs to cut rates to support consumer confidence - BRC

    Forbes - LONDON (Thomson Financial) - The Bank of England should cut interest rates at its policy announcement tomorrow in order to help flagging consumer confidence, a retailing lobby said today. The British Retail Consortium said five interest rate hikes in ...
    2007-10-03 02:58:00

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