Mortgage and Financial News From 2007-8-28 Page 7

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• City Pacific Releases Response to Article in The Australian (CIY.AX, 00753008, 20070828) (Aspect Huntley via Yahoo!7 Finance)

  City Pacific announced they have instructed its lawyers and is taking legal advice with a view to eliciting a retraction by The Australian of a number of inaccuracies and misleading comments made in an article released 28 August 2007. Comments in The Australian included "City Pacific's bad debts blew out to $99m last year". The Company's response was "As at 30 June 2007, there were 5 mortgage ...
  2007-08-28 04:14:00

• UK mortgage approvals decline in July, though net lending rises - BBA (The Forex Market)

  LONDON (Thomson Financial) - Mortgage approvals for house purchase dropped in July, both in number and in value, though net mortgage lending rose, according to figures from a leading group of banks.
  2007-08-28 08:57:45

• Mortgage crisis hits home (Northwest County Journal)

  A year ago, Cheryl Trueblood and her family were trapped in the mortgage crisis that is still gripping thousands of homeowners in North County and millions nationwide.
  2007-08-28 06:42:51

• SugarCRM Adds Ajax E-Mail to 5.0 Beta Release

  TechNewsWorld - A mortgage broker, for example, might create such a module by combining local listings with its current client list and a list of mortgage brokers active in a certain submarket. Or a financial planner could build its own client database to ...
  2007-08-28 03:49:00

• As Real Estate Market Cools, Borrowers Suffer

  The Ledger - The less you understand and know, the more money they make," Jeff Lazerson, chief executive of Mortgage Grader, a mortgage broker in Laguna Niguel, Calif., said of mortgage lenders. That is what has helped fuel the current foreclosure situation around ...
  2007-08-26 12:56:00

• Home buyers look for deals at auctions

  BusinessWeek - Hands shoot up and Tony Nardini, a 50-year-old mortgage broker, finally wins the condo for $75,000. The Trenton house is next. After opening the bidding at $10,000, Green quickly drops it to $9,000, then $8,000. No takers. Finally, at $7,000, Davis ...
  2007-08-28 05:36:00

• How the mortgage meltdown affects you

  Lansing State Journal - Don't fret - and plan to keep making payments, said David Podgursky, a Florida-based mortgage broker and author of TheMortgageGoToGuy.com. "In fact, get ready to make your September payment as scheduled. Just keep your eyes open for your letter ...
  2007-08-28 07:42:00

• US house prices fall worst for 20 years

  Times Online - Bank of America has been forced to inject $2 billion into Countrywide, the US sub-prime mortgage broker, in an attempt to avert bankruptcy at a company previously seen as one of the country’s safest mortgage groups. That all changed when ...
  2007-08-28 05:00:00

• Training Courses Offered on Commercial Real Estate Mortgages ...

  Earthtimes - -- Training courses on commercial real estate mortgage teaches interested professionals how to finance a commercial real estate property from the perspective of a commercial mortgage broker or real estate investor. -- Courses are available through ...
  2007-08-28 02:16:00

• Questions over Nev. mortgage law wording

  CNBC - Marcie Benvin, a Reno mortgage broker and president of the Nevada Association of Mortgage Professionals, said Monday that thousands of loans to otherwise qualified borrowers could be affected unless the regulations are quickly adopted. Besides the ...
  2007-08-28 04:39:00

• Luxury Mortgage Group Co-Launches VIP Hot Deal Buyer Program (PRWeb via Yahoo! News)

  Luxury Mortgage Group, a direct lender based in Las Vegas, Nevada has co-launched an innovative service for buyers of Las Vegas luxury high rise condos.
  2007-08-28 07:00:00

• Reporter's Notebook (Las Vegas Business Press)

  The Nevada Mortgage Lending Division a couple of weeks ago revoked Silver State Mortgage's broker's license. Silver State's three largest "warehouse" lenders, which were not identified, removed $500 million in loans from Silver State's management.
  2007-08-28 06:46:42

• Broker snap: Bradford & Bingley dips on target cut (ShareCast)

  LONDON (SHARECAST) - Buy-to–let mortgage specialist Bradford & Bingley fell back in early trade after JP Morgan lowered its price target on the shares to 350p from 370p and repeated its ‘underweight’ rating.
  2007-08-28 08:08:35

• Wall Street tumbles on credit and economy worries

  MSN MoneyCentral - ... in the debt markets, slowing takeover activity and upheaval in the mortgage sector. ... A second report showed consumer confidence fell in August to its lowest in a ... and that a potential recession is on the horizon, they can lower the rates now ...
  2007-08-28 04:53:00

• Stocks poised to open lower as volatility continues to roil markets

  Thunder Bay Chronicle-Journal - ... futures indexes dipping just into the red while Canadian investors digested hints the Bank of Canada won’t raise rates at ... Trading volume on the Tokyo Stock Exchange’s first section was just 1.33 billion shares, its lowest since Jan. 4. Top of Page
  2007-08-28 12:43:00

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