Mortgage and Financial News From 2007-8-28 Page 14

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• In home mortgage business, Redwood Trust provides 'the plumbing'

  Marin Independent Journal - George Bull, chairman and CEO of Redwood Trust a key player in the mortgage securities business is seen at the company s Mill Valley offices. Right now, the securities market is in disarray, Bull says. (IJ photo/Jeff Vendsel) Anyone seeking to ...
  2007-08-27 12:55:00

• Mortgage problems hit home

  Birmingham News - Twenty minutes before Realtor Julie Hearn of Roberts Brothers was going to sell an $815,000 home in Daphne to a local couple July 30, she found out their national lender had no money. The buyers scrambled to find another lender, and two weeks later ...
  2007-08-27 04:47:00

• Home owners reach crisis point on mortgage payments

  News.com.au - STRUGGLING households are spending more than a third of total income on paying off mortgages - and things are unlikely to get better by the end of the decade. An average of 36.2 per cent of household income is required to meet the average home loan ...
  2007-08-28 12:33:00

• Canadian grocer to buy Cost-U-Less

  Seattle Times - American Home Mortgage Lender holds onto portion of loans American Home Mortgage has struck an agreement that will allow it to continue servicing a portfolio of $5.2 billion in government-backed mortgage loans. According to a settlement agreement filed ...
  2007-08-28 07:13:00

• US woes slash $2bn from price of Home Depot supply business

  Guardian Unlimited - ... Lehman Brothers downgraded America's biggest mortgage provider, Countrywide Financial, citing "extraordinary weakness" in the market for secondary home loans. Countrywide shares dropped 5%, followed downwards by fellow strugglers Thornburg Mortgage ...
  2007-08-28 10:48:00

• Mortgage Seekers' Five Big Mistakes

  CBS News - MarketWatch) With housing prices leveling off in many parts of the country, it's a good time for qualified buyers to shop around for a new home. But Bankrate.com Editor Elizabeth Razzi warns there are five pitfalls to avoid when trying to secure a ...
  2007-08-27 06:28:00

• Farmingdale company sues American Home Mortgage

  Newsday - Waldner's Home Environments Inc., a Farmingdale-based office furniture company that is helping to represent the more than 1,000 creditors owed money by the bankrupt American Home Mortgage Investment Corp., has filed a separate lawsuit to recapture ...
  2007-08-28 07:21:00

• NovaStar, other lenders' stocks fall after home-sales news (bizjournals.com via Yahoo! Finance)

  Subprime-mortgage lender NovaStar Financial Inc.'s stock price fell as much as 10 percent Monday, the same day the National Association of Realtors released figures showing that existing-home sales in July fell 9 percent from the same month last year.
  2007-08-27 08:37:43

• Mortgage Seekers' Five Big Mistakes (CBS News)

  With housing prices leveling off in many parts of the country, it's a good time for qualified buyers to shop around for a new home. But Bankrate.com Editor Elizabeth Razzi warns of some pitfalls to avoid when trying to secure a mortgage.
  2007-08-27 06:20:52

• U.S. stocks fall on mortgage fears (UPI)

  U.S. stock indexes closed down Monday on resurging housing and mortgage fears after existing-home sales fell a fifth consecutive month.
  2007-08-27 08:59:35

• Forget plan to roll debt into home mortgage (Tacoma News Tribune)

  CHICAGO – Now that the easy money in home mortgages is all but over, consumers might soon be caught in a credit card squeeze.
  2007-08-28 08:40:06

• Glancy Binkow & Goldberg LLP -- Representing Shareholders of American Home Mortgage Investment Corp. -- Announces ... (PrimeNewswire via Yahoo! Finance)

  LOS ANGELES, Aug. 27, 2007 -- Glancy Binkow & Goldberg LLP -- representing shareholders of American Home Mortgage Investment Corp. -- announces 35 days remaining to move to be a lead plaintiff in the shareholder lawsuit.
  2007-08-27 10:55:56

• Tips From LoansConfidential.com to Protect Yourself and Your Home When Applying for a Mortgage (PR Newswire via Yahoo! Finance)

  Many homeowners who were forced into foreclosure didn't fully understand their mortgage. Don't make this mistake! Many loan officers fail to disclose all aspects of the loan and closing cost; spending the extra 20 minutes asking these questions can mean the difference of keeping your home or losing it to foreclosure.
  2007-08-28 05:00:00

• American Home Mortgage sued (Newsday)

  Waldner's Home Environments Inc., a Farmingdale-based office furniture company that is helping to represent the more than 1,000 creditors owed money by the bankrupt American Home Mortgage Investment Corp., last week filed a separate lawsuit to recapture some of its losses.
  2007-08-27 03:16:38

• Subprime fallout heightens global rate doubts

  Boston Globe - Some Bank of Japan policy board members also expressed concern about the risks of U.S. subprime mortgage problems spilling over to global financial markets, minutes of their July 11-12 meeting when they left rates on hold showed on Tuesday. "We ...
  2007-08-28 11:03:00

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