Mortgage and Financial News From 2007-11-20 Page 21
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Fannie, Freddie Share Prices Hit 10-Year Lows (Washington Post)
Shares of mortgage-finance companies Fannie Mae and Freddie Mac declined for a fourth day yesterday, falling to their lowest levels in a decade on investors' concerns that losses from mortgage defaults will grow.
2007-11-19 11:29:00 -
Analysts fear mortgage crisis could affect auto loan business (The Plain Dealer)
Detroit- Rising delinquency rates on car and truck loans have some industry analysts concerned that subprime mortgage troubles could spill into the automotive finance business.
2007-11-20 01:55:49 -
Sentence for Mortgage Fraud Includes Restitution (KATV Little Rock)
In addition to serving 30 months in federal prison, a Searcy woman who pleaded guilty to mortgage fraud and filing false income tax returns will have to pay $120,000 in restitution to victims.
2007-11-20 08:22:23 -
Analysts worry that mortgage woes could spread to auto loans (Market Watch)
DETROIT (AP) -- Rising delinquency rates on car and truck loans have some industry analysts concerned that subprime mortgage troubles could spill into the automotive finance business. In a note to investors Monday, Lehman Brothers analyst Brian Johnson said his analysis of auto-loan-backed securities sold by Ford Motor Credit Co. and GMAC Financial Services showed some higher delinquency rates ...
2007-11-20 03:46:12 -
Mortgage insurers suffering (Daily Local News)
MILWAUKEE (AP) — As the housing market crumbles, homeowners are worried about mortgage payments and sellers are worried about slumping prices — but the companies that insure their loans are worrying about their very survival in the face of billions of dollars in claims.
2007-11-19 10:39:37 -
FTSE seen opening higher
MSN UK News - European stocks are expected to take a breather at the open, following Monday's global sell-off when a broker downgrade of Citigroup sparked concerns of more mortgage losses. "Although the Dow finished below the psychologically important 13,000 ...
2007-11-19 11:21:00 -
Stock futures rise as Fed minutes awaited
MSN MoneyCentral - On Monday, the Dow Jones and the S&P 500 fell to their lowest levels in three months after a broker downgrade of Citigroup sparked concerns of more mortgage losses and fears of slumping auto sales hammered GM shares. The Dow fell 1.7 percent ...
2007-11-20 03:39:00 -
Wall St hurt by Citi downgrade and GM, HP up late
Reuters India - NEW YORK (Reuters) - The Dow and the S&P 500 fell to their lowest levels in three months on Monday after a broker downgrade of Citigroup sparked concerns of more mortgage losses and fears of slumping auto sales hammered GM shares. Goldman Sachs set ...
2007-11-19 06:35:00 -
'How low can we go?' is key question as Southland home values fall
Los Angeles Times - But the conversation has taken an about-face, noted Jeff Vendley, a Ventura mortgage broker. Now, he said, people are wondering "how low we can go?" No one knows how severe the slump will be, but economists and real estate experts interviewed by The ...
2007-11-19 05:30:00 -
ICAP Soars to Record as Volatile Markets Boost Profit (Update5)
Bloomberg - Nov. 20 (Bloomberg) -- ICAP Plc, the world's largest broker of transactions between banks, soared to a record after first ... Swings in currencies increased as the turmoil in the U.S. subprime mortgage market prompted investors to dump high-yielding ...
2007-11-20 08:32:00 -
UK Stocks - Factors to watch on Nov 20
Reuters UK - European stocks are expected to take a breather at the open, following Monday's global sell-off when a broker downgrade of Citigroup (C.N: Quote , Profile , Research ) sparked concerns of more mortgage losses. "Although the Dow finished below the ...
2007-11-20 03:39:00 -
State suspends licenses of area loan officers
Toledo Blade - ... Ohio residents facing disciplinary action by the state agency were Catherine Smith, Toledo, final order suspending loan officer license for failing to meet continuing education requirements; Rose Pruitt, Bowling Green, suspension of mortgage broker ...
2007-11-20 02:13:00 -
You should get to know... Chris Mooney
Des Moines Register - I have experience as a retirement benefits specialist and a mortgage broker, as well as a multiline agent. Why I do what I do: I like providing protection for my clients, knowing that I can help if an accident or emergency occurs. What I do to get away ...
2007-11-20 01:59:00 -
BSO: Man Posed As Lawyer To Swindle Clients
Click10.com - Brady convinced a local mortgage broker to obtain an American Express card for "Charles J. Brady, Esq." and was charged a total of $18,450 in goods and services for the fake attorney, according to the BSO. Brady was being held at the BSO's main jail ...
2007-11-20 05:41:00 -
Alleged con artist, 26, dupes Broward's Republican elite
Fort Lauderdale Sun-Sentinel - A mortgage broker named Naveen Saddi met Brady on Zachariah's yacht, according to the arrest affidavit. Earlier this year, Brady convinced Saddi to add him to his American Express Card. Authorities say Brady ran up $18,450.18 in charges between Sept ...
2007-11-20 08:40:00