Mortgage and Financial News From 2007-11-30 Page 7

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  • Financials' Rally Spurred By Bernanke, Paulson

    CNBC - Banks and mortgage companies have been rallying today on the positive comments from Ben Bernanke and word that Treasury Secretary Paulson has been meeting with loan servicing companies and other executives in the mortgage industry to work out a plan ...
    2007-11-30 08:28:00

  • Homeowners Need To Be Prepared For Effects Of Assessment On Mortgage ...

    KSDK - (KSDK) No one likes to be surprised. Especially if that surprise means more money out your wallet. But that's what many experts predict will happen come January, when mortgage companies receive updated tax assessments from local city and county ...
    2007-11-30 03:37:00

  • Patricks signs law seeking to curb home foreclosures

    Boston Globe - The legislation requires mortgage companies to file a 90-day notice of intent to foreclose with the homeowner and the state. Borrowers would be required to receive consumer counseling before obtaining certain high-cost mortgages. Grants totaling $2 ...
    2007-11-30 01:14:00

  • Countrywide Leads Mortgage Stocks Up on Paulson Plan (Update1)

    Bloomberg - Mortgage companies and insurers may benefit if regulators led by Treasury Secretary Henry Paulson can forge an agreement allowing lenders to change terms on mortgages in danger of default. Fox-Pitt Kelton Cochran Caronia Waller LLC raised its rating ...
    2007-11-30 11:19:00

  • Mortgage borrowing slows again in Oct (Ireland Business World)

    Mortgage borrowing slowed again in October for the tenth month in a row, figures from the Central Bank today show. The amount of money outstanding on mortgages rose by 1.2 billion euro in October from the month before, bringing the average monthly increase in the year to date to EUR1.4 billion.
    2007-11-30 03:50:49

  • Dow, S&P up on Fed, mortgage plan (Reuters via Yahoo! News)

    The Dow and the S&P 500 rose on Friday after Federal Reserve Chairman Ben Bernanke's comments increased expectations for an interest-rate cut, but Dell Inc's disappointing outlook dragged on the Nasdaq.
    2007-11-30 10:06:53

  • Banking shares higher on talk of rate-freeze plan (Market Watch)

    SAN FRANCISCO (MarketWatch) -- U.S.-listed shares of overseas companies rose Friday, with banking stocks higher on talk that a plan aimed at stemming more mortgage foreclosures is nearing completion.
    2007-11-30 12:03:46

  • Countrywide shares jump on talk of U.S. mortgage plan (Market Watch)

    NEW YORK (MarketWatch) -- Shares of mortgage lender Countrywide Financial rose more than 20% Friday morning after reports that the U.S. government and several top banks are close to agreeing on a plan to freeze resets on adjustable rate mortgages to avoid a flood of foreclosures.
    2007-11-30 06:49:01

  • Sen. Dodd offers cooperation on mortgage plan (Reuters via Yahoo! News)

    U.S. Senate Banking Committee Chairman Christopher Dodd, a Democrat who is a candidate for President, on Friday offered to work with the Bush administration on a plan to reduce foreclosures amid a widening crisis in mortgage finance markets.
    2007-11-30 01:09:07

  • Mortgage plan cheers Wall St (FT.com via Yahoo! News)

    Wall Street stocks were mostly higher on Friday, rising for a fourth consecutive day, as hopes for further interest rate cuts and a nascent plan to help subprime borrowers lifted a range of financial companies and homebuilders.
    2007-11-30 01:05:14

  • Brits urged to get loans before Christmas

    MyFinances.co.uk - ... could look very different." In the mortgage market, Brits looking to secure a deal are being urged to act early – as not only is borrowing getting tougher, but lenders are also making people wait. Katie Tucker, technical manager at mortgage broker ...
    2007-11-30 01:54:00

  • Other borrowers need help too, Berks County judge says

    Reading Eagle - They cannot succeed with what has been dealt to them as a result of the negligent, intentional failure of a mortgage broker to forward the full amount of their payments to the mortgage companies." The committee is considering a bill urging Congress to ...
    2007-11-29 09:22:00

  • 4 run for commission seats; 1 gets by easy

    St. Petersburg Times - A member of the Chamber of Commerce, the Tarpon Springs High School graduate owns her own mortgage broker business. "The city and chamber need to stick together," she said. Slattery has one son, a senior in high school, and is treasurer of the Tarpon ...
    2007-11-29 09:01:00

  • Morgan Stanley Mortgage Loss May Hit $5.7 Billion

    CNBC - Morgan Stanley may face a fiscal fourth-quarter write-down of as much as $5.7 billion for mortgage-related losses, CNBC has ... They have fallen nearly twice as much in percentage terms as the broader sector as measured by the Amex Securities Broker ...
    2007-11-30 10:22:00

  • A young challenger in a North Port race

    Herald Tribune - NORTH PORT -- Until recently, North Port's emerging political thirty-somethings have been content to go after open seats in next year's city commission election. But mortgage broker Dan Talley, 33, has targeted Commissioner Fred Tower, 68, a retired ...
    2007-11-30 09:11:00

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