Mortgage and Financial News From 2007-11-7 Page 9

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  • U.S. House panel endorses home appraisal standards

    Reuters - Paul Kanjorski, a Democrat of Pennsylvania, sponsored the bill that would also require mortgage lenders and servicers to incorporate taxes and other annual fees into a high-risk borrower's monthly mortgage payments. Earlier this week, New York ...
    2007-11-07 01:56:00

  • Washington Mutual shares sink on losses, probe

    Reuters - Shares of banks, thrifts and mortgage lenders declined broadly on Wednesday, as investors worried that mounting losses and probes into lending practices might reduce profits. Seattle-based Washington Mutual expects to set aside $1.1 billion to $1.3 ...
    2007-11-07 03:22:00

  • Cuomo Subpoenas Fannie, Freddie, Widening Loan Probe (Update5)

    Bloomberg - Until July and August, most mortgage lenders sold their loans to Wall Street firms that would bundle them into bonds and other securities for investors to buy. The practice came to a halt as the number of delinquencies among borrowers with weak or ...
    2007-11-07 03:50:00

  • Mortgage lenders shares decline after Washington Mutual's 2008 ...

    Forbes - NEW YORK (Thomson Financial) - Shares of mortgage lenders fell Wednesday, after Washington Mutual said it expected mortgage originations to fall in 2008 further than the industry currently projects. In a presentation to investors, Washington Mutual ...
    2007-11-07 07:22:00

  • Mortgage industry battles bankruptcy law changes that would allow ...

    CNBC - WASHINGTON - Mortgage lenders are fighting lawmakers' efforts to enable bankrupt borrowers to reduce the size of their home loans, arguing this change would magnify the housing crisis by driving up interest rates. The House Judiciary Committee was ...
    2007-11-07 02:24:00

  • New York Probes Government Lenders (IWon - Money)

    ALBANY, N.Y. (AP) — New York Attorney General Andrew Cuomo said Wednesday that he has issued subpoenas to government-sponsored lenders Fannie Mae and Freddie Mac in his investigation into what he claims are conflicts of interest in the mortgage industry.
    2007-11-07 10:32:34

  • Consumer lenders suffer big falls (Financial Times)

    Stocks of consumer lending businesses plummeted on Wednesday, as some of the largest US mortgage and credit card lenders set aside increased reserves for bad loans amid ongoing deterioration in the US housing market.
    2007-11-07 12:21:17

  • U.S. Stocks Drop on Slumping Dollar, Mortgage Concern; GM Falls (Bloomberg.com)

    Nov. 7 (Bloomberg) -- U.S. stocks fell the most in a week after General Motors Corp. posted a record loss, the dollar tumbled and concern grew that mortgage lenders face government probes.
    2007-11-07 07:25:09

  • House panel OKs bill to hold mortgage lenders more accountable (MENAFN)

    House panel OKs bill to hold mortgage lenders more accountable
    2007-11-06 10:05:47

  • New York probes government lenders (AP via Yahoo! News)

    New York Attorney General Andrew Cuomo's subpoenas to government-sponsored lenders Fannie Mae and Freddie Mac sent another shock into the home mortgage industry where he said conflicts of interests are costing consumers thousands of dollars because of inflated appraisals.
    2007-11-07 03:50:56

  • (AFX UK Focus) 2007-11-07 15:24 GMT: Mortgage lenders shares decline after Washington Mutual's 2008 industry outlook (Interactive Investor)

    NEW YORK (Thomson Financial) - Shares of mortgage lenders fell Wednesday, after Washington Mutual said it expected mortgage originations to fall in 2008 further than the industry currently projects.
    2007-11-07 07:54:53

  • Sector Wrap: Mortgage Lenders & Insurers (Sharewatch)

    NEW YORK (AP) - Mortgage lenders and insurers fell sharply Wednesday amid continued worries about problems in the credit and housing markets. IndyMac Bancorp Inc. shares were hit the hardest after RBC Capital Markets analyst Jason Arnold downgraded the stock to "Sector Perform" from "Outperform."
    2007-11-07 12:01:50

  • Mortgage lenders shares decline after Washington Mutual's 2008 industry outlook (FinanzNachrichten)

    NEW YORK (Thomson Financial) - Shares of mortgage lenders fell Wednesday, after Washington Mutual ( Nachrichten ) said it expected mortgage originations to fall in 2008 further than the industry currently projects.
    2007-11-07 07:34:11

  • 50 ways to save cash

    News.com.au - Saving can become a way of life Every little bit helps See our Money guides and tools for more personal finance tips THE interest rate rise hits nearly everyone in the hip pocket. Here are some tips to ease the pain. 1. Cook meals in advance. This ...
    2007-11-07 03:36:00

  • Holiday promise as rates bite

    News.com.au - JOHN Howard and Peter Costello have apologised to millions of Australians hit by the sixth interest rate rise since the last election. The Government worked frantically to prevent a voter backlash over the latest rise, the first during a federal ...
    2007-11-07 02:39:00

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