Mortgage and Financial News From 2007-11-13 Page 17

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  • Brazil's Real Closes Stronger As Global Markets Recover (The Forex Market)

    SAO PAULO (Dow Jones)--The Brazilian real closed slightly stronger against the U.S. dollar Tuesday as both domestic and global financial markets seemed to recover from another bout of jitters about the U.S. subprime mortgage crisis.
    2007-11-13 10:44:01

  • SullCrom bags Olivant role on Northern Rock (The Lawyer)

    Sullivan & Cromwell is the latest firm to be drafted in on the Northern Rock saga, with the New York M&A behemoth advising investment group Olivant on the potential purchase of a minority stake in the beleaguered mortgage lender.
    2007-11-13 02:21:31

  • Home Loan U Offers Free Refinancing Tips (Richfield Reaper)

    (ARA) - As the drum beat of news continues about the credit crunch in the mortgage market, millions of homeowners are worried about their adjustable-rate mortgages that will adjust to higher interest rates, leaving many struggling to make their payment.
    2007-11-13 11:38:47

  • New campaign designed to combat predatory lending (Community Press & Recorder)

    COVINGTON - Before signing the papers on that adjustable rate mortgage, or stepping foot inside one of many "quick cash" businesses, consumers are being urged to call a toll-free number as part of a state-wide campaign to eradicate predatory lending practices.
    2007-11-13 07:58:26

  • Mortgage woes to sink property values (The Forex Market)

    WASHINGTON (AP) - A surge in home foreclosures in the coming years will cause U.S. property values to sink by $223 billion, a new report says.
    2007-11-13 10:29:01

  • Abbott urges homeowners to speak up, avoid foreclosure (Austin American-Statesman)

    Attorney general says Texans with at-risk loans should seek advice. Texas Attorney General Greg Abbott, who last week called on the state's major lenders to work to prevent mortgage foreclosures, said homeowners need to better understand the terms of their mortgages so they do not lose their homes.
    2007-11-12 08:07:37

  • Writing down loans could wreak havoc

    Seattle Post Intelligencer - With the housing market in decline and the mortgage industry in free fall, government officials are searching for something they can do to stop the bleeding. But a recent proposal by the head of the Federal Deposit Insurance Corp., while meant to ...
    2007-11-13 11:54:00

  • U.S. Bank Partners with U.S. Figure Skating to Offer Affinity Credit ...

    Forbes - The company operates 2,512 banking offices and 4,870 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on ...
    2007-11-13 10:14:00

  • After Fires, Homeowners Feel an Insurance Pinch

    New York Times - But like many of the 14,000 homeowners who suffered losses, the Okonskys are discovering that the insurance on their hilltop ... of the California Building Industry Association, said the housing construction slump that has followed the subprime mortgage ...
    2007-11-13 11:33:00

  • SunTrust to Present at the Merrill Lynch Banking & Financial Services ...

    Forbes - Through various subsidiaries the Company provides mortgage banking, insurance, brokerage, equipment leasing and capital markets services. SunTrust's Internet address is suntrust.com. SOURCE SunTrust Banks, Inc. Copyright © 2004 PR Newswire All ...
    2007-11-13 12:08:00

  • WorldCom Slayer Coffey May Be Shareholder Suit King (Update1)

    Bloomberg - Exclusive Worldwide Regions Markets Economy Politics Industries Consumer Energy Finance Health Care Insurance Real Estate Technology ... firm, against lenders such as Countrywide Financial Corp. and Citigroup Inc. over the collapse of the subprime mortgage ...
    2007-11-13 08:41:00

  • Speculation on E*Trade Hurts Stock

    New York Times - Customers are more likely to withdraw cash not covered by government insurance. This summer, a run on a English mortgage lender, Northern Rock , was prompted by concerns about the company’s ability to finance itself in the short-term debt market. The ...
    2007-11-13 10:28:00

  • Radian Delays Quarterly Filing Over Loan to C-Bass (Update1)

    Bloomberg - Exclusive Worldwide Regions Markets Economy Politics Industries Consumer Energy Finance Health Care Insurance Real Estate Technology ... Nov. 13 (Bloomberg) -- Radian Group Inc., the third-largest U.S. mortgage insurer, said its quarterly report to the U.S ...
    2007-11-13 11:40:00

  • Axa Says Turmoil Isn't Affecting Business Volumes (Update3)

    Bloomberg - Exclusive Worldwide Regions Markets Economy Politics Industries Consumer Energy Finance Health Care Insurance Real Estate Technology ... Axa had a net 2.9 billion euros ($4.2 billion) in holdings related to the U.S. subprime mortgage market on Sept. 30, the ...
    2007-11-13 11:40:00

  • Bank of America, Legg Mason Prop Up Their Money Funds (Update5)

    Bloomberg - Exclusive Worldwide Regions Markets Economy Politics Industries Consumer Energy Finance Health Care Insurance Real Estate Technology ... most profitable securities firm, dumped SIV debt on expectations the vehicles would be hurt by losses on subprime-mortgage ...
    2007-11-13 12:08:00

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