Mortgage and Financial News From 2007-10-12 Page 17

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• Countrywide Lending Plunges

  Wall Street Journal - The disclosure illustrates the enormous pressure the nation's largest home-mortgage lender in terms of loan volume faces to cut costs as it makes fewer loans and focuses on conventional mortgages, which tend to be far less profitable than the riskier ...
  2007-10-12 12:17:00

• Home sellers get creative

  Springfield News Sun - REAL ESTATE Home sellers get creative A mortgage lender offers Affordable Homes Tour > Comment on this ... SPRINGFIELD — Mortgage lenders and real estate agents are moving beyond the traditional to entice ...
  2007-10-12 03:45:00

• Lone Star buys subprime lender Accredited Home

  Reuters - Lone Star buys subprime lender Accredited Home ... to pay $15.00 per share for San Diego-based Accredited, but was able to cut the price after conditions for mortgage ...
  2007-10-12 06:08:00

• Does Richard Branson want to buy Northern Rock?

  Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics World Americas Europe Asia-Pacific Africa-Mideast Report ... Sources say his Virgin Group is in talks to buy the troubled U.K. mortgage lender ... Read the full article This conversation is semi ...
  2007-10-12 04:35:00

• Mozilo's stock trades questioned

  Los Angeles Times - Home & Garden ... The founder of the nation's largest mortgage lender has sold more than $141 million in Countrywide stock over the last year ...
  2007-10-12 06:22:00

• Countrywide Under Fire from Prosecutors

  NPR News - ... Many homeowners are in trouble because they can't make their mortgage payments. Now, support groups are targeting the policies of Countrywide, the nation's largest mortgage lender. State prosecutors are also stepping up pressure on the big home ...
  2007-10-12 06:08:00

• Banks object to sale of American Home unit (Reuters via Yahoo! Singapore News)

  NEW YORK, Oct 11 - Several Wall Street investment banks have objected to American Home Mortgage Investment Corp's plan to sell its loan servicing unit to U.S. billionaire investor Wilbur Ross.
  2007-10-11 03:38:52

• Countrywide’s mortgage volume falls 44 percent (The Altoona Herald-Mitchellville Index)

  NEW YORK — Countrywide Financial Corp. said Thursday its mortgage fundings for September fell 44 percent from the same period a year ago, and the mortgage lender is now facing a potential federal investigation over the timing of stock sales by its chief executive.
  2007-10-11 03:16:23

• Mortgage Choice volumes 'solid' (Daily Telegraph)

  AUSTRALIA'S second largest home loan broker, Mortgage Choice, says business volumes were "solid" in the September quarter despite the uncertainty triggered by the global liquidity crisis.
  2007-10-11 02:00:00

• US foreclosures double in September (FT.com via Yahoo! News)

  US home foreclosures doubled last month from a year ago and the nation's biggest mortgage lender said late payments rose, suggesting that the mortgage crisis is not abating.
  2007-10-11 10:40:24

• Countrywide Under Fire from Prosecutors (NPR)

  Many homeowners are in trouble because they can't make their mortgage payments. Now, support groups are targeting the policies of Countrywide, the nation's largest mortgage lender. State prosecutors are also stepping up pressure on the big home lenders.
  2007-10-12 06:40:54

• Group Calls For Boycott Of Mortgage Lender (WCVB Boston)

  Community activists took their complaints directly to the offices of one of the country's biggest mortgage lenders and called for a boycott.
  2007-10-11 03:50:16

• Purchasing power key to withdrawal rates

  Houston Chronicle - Q: You confused me recently in a column about safe rates of withdrawal. I am 68 ... It seems to me that I should withdraw all of my interest each year as well as about 4 ... You won't get that from a CD. The same calculations estimate the value of your ...
  2007-10-10 05:59:00

• Dollar steady after hitting new high

  The Australian - The fall in the unemployment rate, which is likely to add upward pressure to wages and inflation, boosted speculation that the Reserve Bank will raise interest rates again, possibly as early as next month. Ms Masters said the Australian dollar ...
  2007-10-11 05:29:00

• SUPPORT GROUPS

  The State - Special Interest Groups (Adobe Photoshop, Microsoft Windows and advanced users) meet 6:15-7:15 p.m. www.palmettopc.org MOMS ... Weekly rates are $95 for infants; 2-year-olds, $85; ages 3-4, $75. After-school program for ages 12 and younger, $60 ...
  2007-10-11 05:22:00

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