Mortgage and Financial News From 2007-10-12 Page 13

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  • Attorney general says title insurance costs are too high (6:44 a.m.) (Las Cruces Sun-News)

    SANTA FE — Attorney General Gary King says the cost of title insurance is too high and is asking state regulators to postpone an upcoming rate hearing.
    2007-10-12 06:28:56

  • Title insurance costs are too high, New Mexico attorney general says (Albuquerque Tribune)

    Attorney General Gary King says the cost of title insurance is too high and has asked state regulators to postpone an upcoming rate hearing.
    2007-10-12 08:16:45

  • Virgin Group and partners ready to bid on Northern Rock bank (International Herald Tribune)

    Richard Branson wants to combine the troubled British mortgage lender with Virgin Money, which already offers credit cards, savings accounts and insurance.
    2007-10-12 05:35:38

  • Lender's mortgage fundings fall 44%

    Boston Globe - NEW YORK - Countrywide Financial Corp. said yesterday that its mortgage fundings for September fell 44 percent, and the mortgage lender is now facing a potential federal investigation over the timing of stock sales by its chief executive. Countrywide ...
    2007-10-12 01:43:00

  • Xerox completes Advectis buyout

    CNBC - Atlanta-based Advectis' Web-based BlitzDocs Collaboration Suite helps lenders, brokers and investors manage mortgage documents electronically in the paper-dominated mortgage industry. Former Advectis Chief Executive Greg Smith is now vice president ...
    2007-10-12 04:42:00

  • Zions Shares Fall on Second Warning

    MSN MoneyCentral - Traditional mortgage lenders like Countrywide Financial Corp. and IndyMac Bancorp Inc. have pushed aggressive certificate of deposit rates in order to fund mortgage originations. Those aggressive rates have made it more difficult for traditional ...
    2007-10-12 09:07:00

  • Lone Star completes deal for subprime lender Accredited Home Lenders ...

    CNBC - DALLAS - Private equity firm Lone Star Fund V LP said Friday it completed its acquisition of subprime mortgage lender Accredited Home Lenders Holding Co. Lone Star paid $11.75 per share for Accredited. Subprime mortgage companies have been struggling ...
    2007-10-12 06:58:00

  • MORTGAGE RATES (The Nashua Telegraph)

    The benchmark 30-year fixed-rate mortgage rose 8 basis points to 6.5 percent, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week's survey had an average total of 0.34 discount and origination points. ...
    2007-10-11 09:36:32

  • Canadian economy seen slowing

    Reuters Canada - OTTAWA (Reuters) - Canada's economic growth will slow more than previously thought in the fourth quarter but not enough to stop the Bank of Canada from resuming interest rate increases late next year, the Royal Bank of Canada forecast on Friday. In ...
    2007-10-12 08:17:00

  • Alliance & Leicester International Increases e saver offshore interest ...

    WebWire - Alliance & Leicester International Limited (ALIL), the offshore savings bank, has today increased the rate on its e-Saver Offshore Issue 1 account, to a market leading 6.51% pa gross/AER. Unlike many other offshore savings providers, ALIL’s eSaver ...
    2007-10-12 07:27:00

  • Bonds Fall; Strong Sales Report Tames Economic Fears

    CNBC - The (retail sales) data today is causing people to roll back Fed expectations," said William O'Donnell, head of U.S. interest rate strategy at UBS Securities LLC in Stamford, Connecticut. Benchmark 10-year notes
    2007-10-12 08:53:00

  • With U.S. inflation contained, loonie could keep rising

    Globe and Mail - The U.S. producer price index data scheduled for release today are expected to show inflation pressures are contained, which could increase the odds of further interest rate cuts south of the border. That could even put more upward pressure on the ...
    2007-10-12 06:51:00

  • Small business index unchanged

    MSN MoneyCentral - Colorado's small business index held steady in September as lower borrowing costs (courtesy of the Federal Reserve's interest rate cut) were offset by slightly weaker Colorado job growth," Jeff Thredgold, corporate economist for Vectra Bank Colorado ...
    2007-10-12 09:14:00

  • Tech worries hit stocks as U.S. data eyed

    Reuters - LONDON (Reuters) - Global stocks came sharply off their boil on Friday after steep U.S. tech losses overnight while investors awaited U.S. data for a guide to future interest rate moves. The dollar was slightly stronger against the euro but generally ...
    2007-10-12 07:05:00

  • Dollar rises slightly vs. euro following ECB hint of possible rate ...

    CNBC - The euro had been trading about two U.S. cents off its all-time high of $1.4282, set Oct. 1, before the release on Tuesday of minutes of the Federal Open Market Committee, which led many to speculate another Federal Reserve interest rate cut was ...
    2007-10-12 03:59:00

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