Mortgage and Financial News From 2007-11-18 Page 7
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Gloucester County real estate transactions
Philadelphia Inquirer - 803 S Broad St Song Phou and Carol B Endozo to Mitesh and Jaimika Patel, $340,000. 16 June Ann Dr Reserve At Academy Walk Urban Renewal Ll to Nathaniel B and Delores J Jamison, $326,084. 835 Poplar Ln Mortgage Guaranty Insurance Corp to David T and ...
2007-11-17 11:52:00 -
Despite falling prices, most owners have equity
Baltimore Sun - His estimates of gain may be optimistic - he didn't factor in his costs of ownership, such as mortgage payments, taxes, insurance, improvements and the like. But his basic conclusion is probably correct. Even with the price declines that have racked ...
2007-11-18 07:52:00 -
Title firm settles with state on charges
Herald Tribune - Real estate agents, mortgage brokers, home builders and bankers would refer title insurance business to First American and receive a percentage of the premium dollars from the resulting title insurance transactions, investigators said. First American ...
2007-11-18 01:07:00 -
Credit turmoil: How Goldman steered clear
International Herald Tribune - After reviewing the full portfolio, his message was clear: the bank should reduce its stockpile of mortgages and mortgage-related securities and buy expensive insurance as protection against further losses, a person briefed on the meeting said. With ...
2007-11-18 12:02:00 -
Rumsfeld logic serves as guide to direction of US economy
Times Online - If, however, the ultimate financial losses fall mostly on pension funds, insurance companies and European and Asian financial institutions (including central banks), which are believed to have been the heaviest investors in US mortgage-backed ...
2007-11-18 02:11:00 -
Bond insurers act to keep ratings
MSN MoneyCentral - Specialist bond insurers are exploring ways of improving their financial standing and avoiding losing their top credit ratings because of the subprime mortgage crisis. They are considering raising new equity or buying insurance for their operations ...
2007-11-18 11:34:00 -
They're worth another look
Milwaukee Journal Sentinel - Among mortgage insurance companies, for example, many of the stocks are 40% to 80% off their 52-week highs, Goetzinger said. Not all of them deserve such a drubbing, he says. Old Republic International Corp. (ORI), Chicago, is an insurance company that ...
2007-11-18 01:57:00 -
Credit turmoil: How Goldman steered clear (International Herald Tribune)
The Wall Street investment bank took a contrary stance on the mortgage market.
2007-11-18 12:14:36 -
Financial companies, recently an economic driver, become a market liability (International Herald Tribune)
As problems in the credit markets cut into profits at banks, brokerage firms and insurance companies, financial companies are dragging down stock indexes.
2007-11-18 01:44:36 -
Kathy Kristof: How home insurance works in case of loss (Arizona Daily Star)
In the aftermath of Southern California's devastating wildfires, you might be thinking more about your insurance. If your house is damaged or destroyed, what can you expect from your insurance company? How quickly will you be reimbursed? How much will you get, and how can you make the most of it?
2007-11-17 11:28:29 -
Funny Money: Yes, You Look Fat
Street.Com - A Federal Judge ruled that some structured mortgage investments fail to prove ownership of property that lenders are trying to foreclose. "Gentlemen, the first rule of Subprime Club: 'You don't talk about Subprime Club.' The second rule of Subprime ...
2007-11-18 08:49:00 -
Reinventing regulation
Delaware Online - Had regulators simply required all mortgage lenders to use prudent underwriting standards, the subprime crisis never would have happened. This is not Monday-morning quarterbacking. Congress, in a rare bout of pro-consumer regulation, passed a law in ...
2007-11-18 12:52:00 -
Orlando-area housing slump hurts other businesses
Orlando Sentinel - Builders, mortgage lenders and real-estate agencies have eliminated jobs locally. Those cutbacks, in turn, have siphoned energy from the economy overall. Consider some key monthly statistics for the six counties -- Brevard, Lake, Orange, Osceola ...
2007-11-18 01:43:00 -
Mortgage fraud cases yield tough sentences
Houston Chronicle - Good, well-meaning people have had their credit destroyed by recruiters who prey on hard-working people to steal from mortgage lenders. "For years, the people involved in mortgage-fraud schemes believed that they were invisible to law enforcement. It ...
2007-11-16 03:54:00 -
Ore. subprime mortgage reform could wind up on 2008 ballot
CNBC - Instead, the industry would prefer to see how national reforms play out in the state, said Chris Ambrose, president of the Oregon Mortgage Lenders Association. "We wouldn't have been on the task force if we had an interest in running out the clock ...
2007-11-16 09:56:00