Mortgage and Financial News From 2008-7-27 Page 01
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End of broker deception may be near - Elkhart Truth
This series of articles explains recent proposals by HUD to make the good faith estimate of fees and charges (GFE) more useful to borrowers. The first two articles explain how the revamped GFE would make it easier for borrowers to shop alternative ...
2008-07-26 08:22:00 -
Column: Mortgage broker law to cost jobs - Star-Press
Indiana is known as a state possessed of thoughtful and minimalist regulatory constraint of business. That's why a little-known law enacted in 2007, which further regulates mortgage brokers, should come as a surprise and shock to many Hoosiers. As of ...
2008-07-27 12:04:00 -
BankWest cuts mortgage brokers out of home loan loop - The Australian
BANKWEST has pulled its discounted Rate Tracker home loan from the broker market, amid continued pressure on the banking industry's wholesale funding costs. HBOS-owned BankWest has used the mortgage broker network and the lure of a 1 per cent ...
2008-07-27 11:10:00 -
Count buys $6m stake in Mortgage Choice - Financial Standard
Financial advice firm Count Financial has palmed a $6 million slice of Mortgage Choice as it ups its stake in the mortgage advice space. Count acquired a 4.9 per cent interest in the mortgage broker under the advice of Lehman Brothers, noted a ...
2008-07-27 06:19:00 -
Mortgage Choice rejects Count merger (The West Australian)
Financial planning group Count Financial has revealed it approached Mortgage Choice with a merger proposal, but its advances were rejected by the mortgage broker.
2008-07-27 07:46:24 -
Regulator no fighter for ban on ex-cons (Miami Herald)
Under fire for allowing bank robbers and racketeers to sell home loans in Florida, the state's chief mortgage industry regulator said he fought to ban ex-convicts from the business during the 2008 legislative session.
2008-07-27 08:19:18 -
Obama gives Fed's Bernanke vote of confidence (Reuters via Yahoo! Malaysia News)
By Caren Bohan
2008-07-27 08:21:39 -
Investors flee ANZ as bad loans bite (The Courier Mail)
INVESTORS have hammered ANZ after it flagged $1.2 billion in bad debt provisions for the 2008 second half and said its annual earnings could fall by up to a quarter.
2008-07-27 09:40:00 -
H&R Block Orders Up McDonalds' Smyth (Forbes)
Tax preparer appoints former fast-food executive as its new CEO.
2008-07-27 10:35:01 -
Rental market flourishes in wake of mortgage meltdown (BizJournals)
At least one business success story has risen from the ashes of the subprime mortgage meltdown and capital crunch — an improving apartment rental market in Colorado that’s been good for owners, at least.
2008-07-27 10:50:34 -
Four seek GOP nomination for Congress (Jefferson County Journal)
Four Republican candidates are entered in the Aug. 5 primary election for U.S. representative in Missouri's 3rd Congressional District.
2008-07-27 11:11:44 -
Home Front: Once again, mortgage rates spike in July - Sacramento Bee
We're seeing it for a third summer in a row, a sudden July spike in mortgage rates. This week, rates soared nationally to an average of 6.63 percent for 30-year, fixed-rate loans, according to the newest survey by mortgage giant Freddie Mac. Add ...
2008-07-25 04:13:00 -
Lenders eye delinquencies - Chicago Tribune
DETROIT - Rising delinquency rates on car and truck loans have some industry analysts concerned that subprime mortgage troubles could spill into the automotive finance business. In a note to investors, Lehman Brothers analyst Brian Johnson said auto ...
2008-07-26 05:30:00 -
Mortgage stress to hit 1m households - News.com.au
Home loan lender Wizard, which estimates that 837,000 Australian households are already experiencing some form of mortgage stress, yesterday predicted the figure would top the million mark by December. Wizard Home Loans chairman and founder Mark ...
2008-07-24 05:54:00 -
US Congress approves government bailout of mortgage giants - World Socialist Web Site
Less than two weeks after the Bush administration called on Congress to approve an unprecedented plan to authorize the use of unlimited public funds to bail out the mortgage finance giants Fannie Mae and Freddie Mac, the Senate on Saturday joined the ...
2008-07-27 08:28:00