Mortgage and Financial News From 2007-8-28 Page 5

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• CIT Group closes mortgage unit, cuts 550 jobs

  CNBC - ... Reuters) - CIT Group Inc , the consumer and commercial finance company, said on Tuesday it has closed its mortgage ... Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the ...
  2007-08-28 05:22:00

• Mortgage, bond insurers debt protectionm costs rise

  Stockhouse Canada - NEW YORK, Aug 28 (Reuters) - Debt protection costs for mortgage-related companies rose on Tuesday after reports on home prices and consumer confidence raised new concerns that housing and mortgage weakness will continue. One economic report on ...
  2007-08-28 04:39:00

• Homeowners Suddenly Flooded With Concern -- FEMA Guidelines ...

  Insurance News Net - By Toni Lepeska The air is hot, the grass brittle, the earth hard and dusty, and amid this backdrop a group of Olive Branch residents feels the punch of a possible flood. They got the air knocked out of them when they learned their mortgage companies ...
  2007-08-28 06:33:00

• Sales Fall Again for Existing Homes

  Washington Post - The Realtors association attributed the sales decline to mortgage disruptions that have kept some potential buyers on the sidelines and left others in the lurch as several mortgage companies shut down, yanked away the loans they approved or altered ...
  2007-08-28 05:29:00

• Sector Snap: Housing

  CNBC - Demand for those houses is stunted by tighter lending standards after many mortgage companies were burned by a spike in borrower defaults. Buyers with financing appear hesitant to invest in a property that may lose value, with prices stagnant or ...
  2007-08-28 04:03:00

• No Savior for Mortgage Biz

  Street.Com - But since last Thursday's mortgage industry relief rally, the shares of the big lending companies have resumed their swoon. The reason? The U.S. housing industry keeps getting sicker -- and observers are starting to appreciate what favorable terms ...
  2007-08-28 01:40:00

• Will They, Won't They: Mortgage Market Meltdown And Online Advertising

  Forbes - We mentioned this about 10 days ago (See: "Fears of Mortgage Fallout May Hit Online Advertising" ) and now some follow-up: -- FT has a story that says Internet companies are bracing for a possible fall-off in one of their biggest sources of ...
  2007-08-27 12:55:00

• First American LoanPerformance Mortgage Securities Database Surpasses ...

  Forbes - SAN FRANCISCO, Aug. 28 /PRNewswire-FirstCall/ -- First American LoanPerformance, a member of The First American Corporation (NYSE: FAF) family of companies and a leader in residential mortgage data and analytics for the mortgage industry and Wall ...
  2007-08-28 12:50:00

• Forecasting the mortgage threat

  AZCentral.com - Last fall's survey was designed to help create a national registry of state-licensed mortgage companies and loan officers. When it launches in January, searches will reveal the record of a company or individual, including enforcement actions against ...
  2007-08-28 07:31:00

• Big banks shun risk, mortgage industry (The Cincinnati Post)

  NEW YORK - For the mortgage industry, Wall Street's big investment banks might seem like one of those friends who disappear when the going gets tough.
  2007-08-28 11:46:10

• Subprime fallout could hit internet firms: report (Reuters via Yahoo! News)

  Internet companies are bracing for a possible decline in one of their biggest sources of advertising following the turmoil in the subprime mortgage market, the Financial Times reported.
  2007-08-28 10:13:38

• As Mortgage Mess Unravels, Some Investors Clean Up (Washington Post)

  Joe Robert watched his real estate investment firm's stock tumble to five-year lows this month as Wall Street punished any company linked to the mortgage mess. But where others panicked, Robert saw opportunity. From Aug. 9 to 16, he scooped up about $8 million worth of his firm's shares. They have...
  2007-08-28 02:20:11

• Forecasting the depth of America's mortgage woes (The Arizona Republic)

  A lack of public records and the large number of nonbank lenders in the U.S. make it difficult for investors, policy-makers to get their arms around the size of the mortgage problem.{l} Reagor's real estate blog
  2007-08-28 07:57:47

• How big is mortgage mess? No one knows (MSNBC)

  The U.S. mortgage-lending business is a sprawling, varied enterprise that no one regulator oversees, making it impossible to know how many mortgages or lenders not insured by the government are in trouble.
  2007-08-28 07:44:23

• First American LoanPerformance Mortgage Securities Database Surpasses $2 Trillion Milestone (PR Newswire via Yahoo! Finance)

  First American LoanPerformance, a member of The First American Corporation family of companies and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced that its industry-leading mortgage securities database now contains loan-level information on more than $2 trillion worth of active nonagency securitized mortgages representing 85 percent ...
  2007-08-28 12:32:00

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