Mortgage and Financial News From 2007-9-17 Page 3

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  • Article alleging Enid real estate appraisal collusion, fraud creates stir (The Enid News & Eagle)

    An article in a national real estate appraisers magazine that indicates Enid has a large problem with real estate appraisal collusion and possible fraud has many local professionals in the industry buzzing about the potential fallout.
    2007-09-17 09:10:18

  • E-Trade slashes profit outlook

    CNN Money - Latest Rates Active Companies Stock Price Increases Stock Price Decreases Earnings: Reports & Estimates Hot Stocks Stock Spotlight ... and strategic connection with retail customers." Among the units that will be affected are E-Trade's wholesale mortgage ...
    2007-09-17 02:37:00

  • National City sees $160M loss on mortgages

    CNN Money - Latest Rates Active Companies Stock Price Increases Stock Price Decreases Earnings: Reports & Estimates Hot Stocks Stock Spotlight ... NEW YORK (AP) -- Regional bank National City Corp. said Monday after-tax losses for its mortgage banking division are ...
    2007-09-17 02:52:00

  • Adobe's 3Q Profit Beats Predictions

    Newsday - This kind of high upside doesn't happen too often with big-revenue companies," said analyst Gene Munster of Piper Jaffray & Co., who said much of the quarter's success can be traced back to strong early sales of Creative Suite 3, which Adobe launched ...
    2007-09-17 04:10:00

  • Sage rises on rumour of interest by Infosys

    Times Online - The Northern Rock saga weighed heavily on the FTSE 100 and a sell-off in banks, mortgage companies and property developers drove the index down 106.5 points to 6,182.8. Rock shares swooned 35 per cent, or 155¼p on 278 million shares traded, two ...
    2007-09-17 04:53:00

  • Property sector suffers more subsidence

    Guardian Unlimited - Mortgage banks and property companies led the way down yesterday as the market slumped again, with Alliance & Leicester tumbling and Northern Rock facing another run on its shares as well as on its savers' cash. In the same way that many of Northern ...
    2007-09-17 06:41:00

  • UPDATE 1-National City sees Q3 mortgage loss of $160 mln

    Reuters - It is also making fewer loans it cannot sell to mortgage companies Fannie Mae (FNM.N: Quote , Profile , Research ) and Freddie Mac (FRE.N: Quote , Profile , Research ), and suspended the issuance of home equity loans through brokers. National City had ...
    2007-09-17 07:28:00

  • NovaStar Can't Pay Dividend, Forfeits REIT Status (Update3)

    Bloomberg - They were struggling to pay the dividend even before'' lenders to mortgage companies and home-loan asset investors conducted margin calls and tightened terms in August, said Brian Horey, general partner at Aurelian Partners LP, a New York-based firm ...
    2007-09-17 04:39:00

  • ADRs in Focus: Europe-Based Shares Slide (AP via Yahoo! Finance)

    An index of European companies listed on U.S. exchanges slid in Monday trading, with shares of banks falling on fears that the U.S. subprime mortgage crisis is spreading overseas.
    2007-09-17 01:41:27

  • U.S. Companies: Bring On Stronger Yen (BusinessWeek Online via Yahoo! Asia News)

    The U.S. mortgage mess and likely rate cuts triggered a yen-buying binge. That's good news for U.S. businesses that sell big to the Japanese
    2007-09-17 05:21:08

  • Japanese Stock Market Declines, Led By Banks, On Concerns Subprime Mortgage Crisis; Credia Files For Bankruptcy ... (Nasdaq)

    (RTTNews) - The stock market in Tokyo, Japan is trading in the negative territory on Tuesday morning, led by banks as fresh concerns surfaced in the global markets with regard to sub prime mortgage crisis and the resultant impact on credit availability, after a UK-based bank has been forced to seek emergency funding to satisfy the customers who preferred to withdraw their savings account balances.
    2007-09-17 08:40:26

  • Maryland Tells Unlicensed Mortgage Firm To Shut Down (Washington Post)

    Maryland's Division of Financial Regulation has ordered Frederick C. Lee Jr. and his Georgia company, Financial Independence Group, to stop all mortgage-related business after discovering that Lee and his company were originating loans in Maryland without a license.
    2007-09-17 10:14:25

  • Certified Credit Deploys Credit Analysis Solution Deal Maker Score To ...

    Forbes - ... announced that Certified Credit Reporting, Inc., a nationwide credit reporting firm for the mortgage industry, has deployed Market Kinetix's Deal Maker Score credit analysis solution, for usage by its broad base of mortgage industry lender and broker ...
    2007-09-17 07:28:00

  • Leaders & Losers For Monday, Sept. 17

    Forbes - Shares of the broker fell more than 2% on the news. Rival Lehman Brothers recently cut more than 2,000 jobs in its mortgage lending unit, while Bear Stearns (nyse: BSC - news - people ) cut about 240 jobs. Shares of all three ...
    2007-09-17 02:37:00

  • Recycling partners target electronics

    AZCentral.com - The broker who explained your adjustable mortgage is now asking, "Would you like fries with that?" Not to mention . . . . . . Sun Devil field goals again are being caught this year in nets adorned with the Allstate Insurance Co. "Good Hands" logo. ...
    2007-09-17 07:38:00

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