Mortgage and Financial News From 2007-10-12 Page 15

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• Abortion Common Legal Or Not, Study Says (WGAL 8 Susquehanna Valley)

  A new study suggests women are just as likely to get an abortion in countries where it's legal as where it is outlawed.
  2007-10-11 05:47:54

• Amica Mature Lifestyles Announces First Quarter Results for Fiscal 2008 (CCNMatthews via Yahoo! Finance)

  VANCOUVER, BRITISH COLUMBIA-- - Mr. Samir Manji, Chairman, President and CEO of Amica Mature Lifestyles Inc. , a leader in the management, marketing, design and development of luxury housing and services for mature lifestyles, is pleased to announce the Company's results for the three month period ended August 31, 2007.
  2007-10-12 06:00:20

• Five Things You Need to Know: Retail Sales; NASCAR Immunization Recommended for Southern Travelers (Minyanville via Yahoo! Finance)

  September same-store sales this morning came in weaker than expected, growing at their slowest pace in three years.
  2007-10-11 11:00:00

• LION Announces Definitive Agreement to Sell TRMS Business Unit

  Forbes - ... changes affecting TRMS clients that would cause the purchase price payable by Compass in this transaction to be reduced; the effects of continuing instability in the mortgage industry; interest rate changes; housing and consumer trends affecting home ...
  2007-10-12 07:48:00

• GE's Profit Increases 7.1% on Higher Overseas Sales (Update3)

  Bloomberg - A gain from selling the plastics division paid for planned divestments of GE's subprime mortgage and Japanese consumer finance units, and job cuts at non-finance divisions. ``Infrastructure is doing spectacularly,'' said Stephen Hoedt, an ...
  2007-10-12 07:13:00

• Gore, U.N. panel win Peace Prize

  Los Angeles Times - Home & Garden ... Amazing how some people are willing to mortgage their luxury on the back of future generations. I wonder what they're ...
  2007-10-12 07:55:00

• Fire at Texas Supreme Court justice's home ignites mystery

  Dallas Morning News - A year later, a mortgage company attempted to seize the couple's home, claiming they had not made a payment in four months. That suit was resolved out of court in December, court documents show. Justice Medina, who previously worked ...
  2007-10-12 06:01:00

• Living above store? Works for them

  Philadelphia Inquirer - Donna and Lizza Robb did the math: Take a 12-hour workday for Donna, owner/chef of Mount Airy's Cresheim Cottage Cafe. Add a twice-daily commute from their home in West Philadelphia. Subtract the mortgage on their six-bedroom house from the ...
  2007-10-12 06:51:00

• Wall Street banks protest sale of American Home Mortgage unit to ...

  CNBC - WASHINGTON - The planned sale of American Home Mortgage Investment Corp.'s loan-servicing business to investor Wilbur Ross has run into opposition from Wall Street investment banks, some of which are raising legal questions that could roil the ...
  2007-10-11 12:43:00

• Centex logging $995 million in charges as home sales fall 13 percent ...

  CNBC - DALLAS - Centex Corp. said Friday it will take $995 million in charges after sales fell 13 percent in its fiscal second quarter, as the homebuilder suffers from further deterioration in the housing and mortgage markets. The company expects to record ...
  2007-10-12 05:18:00

• Contractor on trial in Cunningham's case

  USA Today - Wilkes has pleaded not guilty to charges he paid $625,000 for Cunningham's home mortgage and a boat and treating him to vacations, dinners and limo rides in exchange for help in securing about $90 million in federal contracts. Wade pleaded guilty in ...
  2007-10-12 06:30:00

• Lone Star closes Accredited Home acquisition

  CNN Money - DALLAS (AP) -- Private equity firm Lone Star Fund V, LP said Friday it has 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 ...
  2007-10-12 07:34:00

• Banks Oppose Sale of American Home (AP via Yahoo! Finance)

  The planned sale of American Home Mortgage Investment Corp.'s loan-servicing business to investor Wilbur Ross has run into opposition from Wall Street investment banks, some of which are raising legal questions that could roil the mortgage-securitization market.
  2007-10-11 12:45:12

• Accredited Home Lenders (LEND) Seals Buyout Deal (Schaeffers Research)

  The shares of Accredited Home Lenders (LEND) were halted at %2411.76 after investment group Lone Star reported that it has completed its acquisition of the beleaguered mortgage lender for %2411.75 per share.When the buyout bid was initially made in June, Lone Star set its price at %2415.10 per share...( Read More )
  2007-10-12 08:11:00

• American Log Mortgage Announces Innovative Spec and Model Home Financing Program (PRWeb via Yahoo! News)

  Jim Deitch, Founder and CEO of American Home Bank, said, "Our new spec financing program was developed in response to the needs of log builders, manufacturers and dealers." Deitch continued, "Builders know that showing their log homes is the quickest way to making a sale.
  2007-10-12 12:01:00

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