Mortgage and Financial News From 2007-9-17 Page 6

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  • Obama Likens Subprime Mortgage Fallout to Enron Case (Update1)

    Bloomberg - The Federal Reserve, the Federal Deposit Insurance Corp., the Conference of State Bank Supervisors and three other bank regulators urged lenders Sept. 4 to work with mortgage borrowers to avoid foreclosure by extending loan maturities or deferring ...
    2007-09-17 01:11:00

  • Mortgage with your milk? (Bradenton Herald)

    Kroger Co., the nation's largest traditional grocery chain, is expanding its personal finance division, marketing everything from pet insurance to home loans in stores. Retail giant Wal-Mart Stores Inc. also has been expanding financial services in stores.
    2007-09-17 08:20:44

  • Insurance (Express and Star)

    Most people’s biggest asset is their home and yet almost one in three of the UK’s 25 million households do not have buildings insurance. According to the Association of British Insurers, six million have not insured the contents of their homes.
    2007-09-17 06:49:11

  • New FEMA map means more property owners must buy new insurance (New York Daily News)

    The Feds didn't wait around for the polar ice caps to melt to change the rules for who needs flood insurance.
    2007-09-17 01:48:42

  • US mortgage crisis could generate both misery and opportunity (Taipei Times)

    Welcome to the world of foreclosure. One in every 80 homes in Florida is currently being repossessed by banks, as the subprime mortgage crisis rips through the Sunshine State. And while this means misery for evicted home owners, it spells opportunity to others.
    2007-09-17 05:56:35

  • Town Hall meeting tonight on how insurance industry deals with mental health (Detroit Free Press)

    Oakland County Commissioner Jim Nash is planning to hold a town hall meeting tonight about the way the insurance industry handles mental illness.
    2007-09-17 01:20:53

  • Swiss Insurance Exec Discusses Subprime (AP via Yahoo! Finance)

    The insurance and reinsurance sectors should feel only limited effects of the financial crisis that started in U.S. subprime markets, the chief executive of Swiss Reinsurance Co. said in an interview published Monday.
    2007-09-17 07:06:16

  • START PAGE

    Street.Com - The news comes as mortgage lenders ranging from Countrywide ( CFC - Cramer's Take - Stockpickr ) and H&R Block ( HRB - Cramer's Take - Stockpickr ) to Lehman ( LEH - Cramer's Take - Stockpickr ) have been firing thousands of workers as the mortgage business has ...
    2007-09-17 02:30:00

  • Fitch Downgrades Fidelity National Information Services to 'BB' on ...

    Forbes - FIS offers a well diversified product portfolio serving several market segments, including small regional financial institutions, retailers as well as mortgage lenders, in addition to having counter cyclical revenue streams; --FIS serves a diverse ...
    2007-09-17 03:20:00

  • In-Depth Report Gives You Access to Consumer Data to Help You ...

    Forbes - Given the utmost importance of interest rate, a number of mortgage lenders now offer customers the possibility of lowering the interest rate on the chosen mortgage product by paying higher fees up-front. Reasons to order your ...
    2007-09-17 06:23:00

  • Northern Rock crisis threatens Governor of the Bank of England's ...

    Daily Telegraph - Mortgage lenders in the UK and overseas were already complaining that their access to money was drying up. The banking system was, as Mr Applegarth pointed out, beginning to freeze. Several times in August, the European Central Bank pumped money into ...
    2007-09-17 05:01:00

  • ADRs in Focus: Europe-based shares slide

    Boston Globe - On Friday, Northern Rock PLC, one of Great Britain's largest mortgage lenders, said it asked the Bank of England for emergency funds, as it has struggled to borrow money following the collapse of the U.S. subprime mortgage market. The news inspired ...
    2007-09-17 01:54:00

  • UPDATE 1-NovaStar scraps dividend, REIT status; shares sink

    Reuters - Dozens of mortgage lenders have quit the industry this year, including more than a dozen that have gone bankrupt. NovaStar has this year announced plans to eliminate 71 percent of its work force, leaving it with about 600 employees. On Sept. 4, it ...
    2007-09-17 01:54:00

  • VisiOCR(R) Reaches Milestone by Indexing 10 Million Mortgage Documents ...

    Forbes - ... of consulting, metrics-based technology solutions and business process outsourcing, Visionet Systems helps lenders identify and remove inefficient processes to improve profitability. Founded in 1995, the company's customers include mortgage lenders ...
    2007-09-17 09:44:00

  • A rush to cash out of Northern Rock

    International Herald Tribune - Some of those waiting in line to retrieve their savings Monday blamed what they called lax standards at both U.S. and British mortgage lenders for the shortage of funds at Northern Rock. "We had to go through a lengthy process to get a mortgage that ...
    2007-09-17 01:04:00

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