Mortgage and Financial News From 2007-8-28 Page 2

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  • Fitch Affirms Commercial Mortgage Acceptance Corp., Series 1998-C2 (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch Ratings has affirmed the following classes of Commercial Mortgage Acceptance Corp., commercial mortgage pass-through certificates, series 1998-C2: $176.9 million class A-2 at 'AAA'; $671.1 million class A-3 at 'AAA'; Interest-only class X at 'AAA'; $144.6 million class B at 'AAA'; $173.5 million class C at 'AAA'; $173.5 million class D at 'AAA'; $43.4 million class E at 'AAA'; ...
    2007-08-28 07:03:00
  • Subprime Fallout Could Submarine Search Ads

    WebProNews - Mortgage lenders in the subprime market have been big online advertisers. Seeing that lending market crash down could ripple into the search industry. It's hard to be a big spender with nothing to spend. Lenders that made loans to risky credit types ...
    2007-08-28 05:00:00
  • Credit Notebook: Carlyle's Loan

    Wall Street Journal - Word Count: 8,352 | Companies Featured in This Article: Carlyle Capital, Knight Capital, Citigroup, Lehman Brothers Holdings, Bear Stearns, Bear Stearns, Nacco Industries, Sun-Times Media Group, Thornburg Mortgage, Accredited Home Lenders Holding ...
    2007-08-28 05:43:00
  • GLOBAL MARKETS-U.S. economic worries leave investors on edge

    Reuters - Wall Street looked set for a weak start a day after soft U.S. housing data hit shares of U.S. banks, brokers and mortgage lenders and dented stocks in industrial conglomerates dependent on economic growth. The U.S. data played to global ...
    2007-08-28 05:15:00
  • Kroll Factual Data's Mortgage Credit Services Now Available through ...

    Forbes - Kroll Factual Data is a leading provider of business information to mortgage lenders, consumer lenders, property management firms and other businesses. For over 20 years, Kroll Factual Data has helped business make prompt, accurate decisions by ...
    2007-08-27 02:24:00
  • Fuzzy wording in new law could aggravate Nevada mortgage woes

    CNBC - AB440, which created the crime of mortgage lending fraud, was one of several bills in the 2007 session aimed at the mortgage industry. It applies rules to lenders who don't follow standard loan procedures and sets guidelines for those who buy ...
    2007-08-28 04:39:00
  • Indymac Expands Its Retail Lending Group Nationwide

    MSN MoneyCentral - ... more than 90% of our funding is currently composed of deposits, Federal Home Loan Bank advances, long term debt and equity, and Indymac has limited exposure to the current market-related liquidity issues that many other mortgage lenders are ...
    2007-08-28 06:19:00
  • US Technology Expands Mortgage BPO Contract with a Global Financial ...

    Forbes - The US Technology Mortgage BPO practice, which ranges from loan origination processing (or any portion thereof) to loan servicing, helps mortgage lenders and mortgage services providers significantly reduce their back office processing costs while ...
    2007-08-28 01:11:00
  • IndyMac Enlists 600 Fired From Bankrupt American Home (Update2)

    Bloomberg - In today's statement, Perry said the company will have about $4 billion of cash and available credit at the end of September and that it has ``limited exposure to the current market-related liquidity issues that many other mortgage lenders are ...
    2007-08-28 10:15:00
  • IndyMac hires 600 employees laid off at American Home Mortgage ...

    CNBC - PASADENA, Calif. - IndyMac Bancorp is hiring workers laid off from other home lenders, the mortgage bank said Tuesday, attempting to pick up some of the pieces of a crumbling industry. IndyMac said it hired 600 workers laid off from American Home ...
    2007-08-28 07:16:00
  • Land America to Cut 1,100 Jobs

    Forbes - More than 50 mortgage lenders have shut down in the past few months as the slowdown of the housing market led to a spike in defaults. Lenders typically sell their mortgages to banks, which then package them as securities and sell them to investors ...
    2007-08-28 09:47:00
  • Sector Snap: Mortgage Lenders fall

    Boston Globe - NEW YORK -- Shares of mortgage lenders continued their decline Tuesday after a report revealed home prices in the second quarter fell by the steepest rate in two decades. Standard & Poor's reported Tuesday U.S. home prices fell 3.2 percent during the ...
    2007-08-28 03:49:00
  • Mortgage mess’ size? No one knows

    MSNBC - About 90,000 nonbank mortgage lenders dotted the landscape last fall, when state regulators conducted their first formal survey. Dozens of bankruptcies and closings in recent months have likely whittled that number, and 25,000 workers lost jobs in ...
    2007-08-28 09:25:00
  • Obama unveils radical mortgage plan

    MSN MoneyCentral - Unscrupulous lenders who deceptively sold subprime mortgages to millions of Americans should be fined and the proceeds used to help bail out borrowers facing a wave of foreclosures, according to Barack Obama, the Democratic senator running to be his ...
    2007-08-28 09:40:00
  • Mortgage crisis a boon for banks (Atlanta Journal-Constitution)

    Now that the mortgage crisis has forced several high-profile lenders out of business, would-be homebuyers are banking on, well, banks to give them loans. The boomerang back to old-fashioned lenders comes at the expense of troubled companies such as HomeBanc and Countrywide that had thrived during the nation's long housing boom. That new breed of lender had lured away customers with low rates and ...
    2007-08-28 09:13:02