Mortgage and Financial News From 2008-1-13 Page 4

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  • McFadden-Weaver sentence ushers in new guidelines-free era (BizJournals)

    Dec. 10 was the dawn of a new day for federal criminal cases when a U.S. Supreme Court case clarified that sentencing guidelines were merely suggestions for federal judges.
    2008-01-13 10:12:23

  • Greenspan legacy questioned amid subprime crisis (Houston Chronicle)

    The next bubble to deflate may be Alan Greenspan's reputation.
    2008-01-13 10:43:48

  • Merrill Lynch shares jump on report bank talked to Wachovia

    Raleigh News & Observer - ... world's largest brokerage on Wednesday reported its first loss since 2001 after writing down $7.9 billion of bad mortgage ... Bove said in a research report speculators are "gorging themselves" on investment banking stocks, assuming other companies ...
    2008-01-12 02:03:00

  • Spring Mortgage set for listing on stock exchange

    Vanguard - The listing of Spring Mortgage will increase the number of quoted companies in the mortgage sub-sector of the exchange to two, Union Homes being the pioneer primary mortgage institution listed on the exchange. Officials of the company said that ...
    2008-01-13 03:28:00

  • Profit warnings surged to 107 in final quarter of 2007

    The Independent - The spate of warnings has been triggered by the fallout from the US sub-prime mortgage crisis and the credit crunch, with one in five companies pointing the finger at those factors. However, more surprising was the speed at which companies from ...
    2008-01-13 04:32:00

  • Stark treasurer seeks solution to foreclosure crisis in Ohio

    Alliance Review - But, no matter how much information is out there, if mortgage companies and lenders don't work together with you, the information's no good to anyone." Zeigler is bringing people together from all aspects of the crisis, including 14 county treasurers ...
    2008-01-13 08:00:00

  • Record crowd attends home expo amid housing crisis

    Fox41.com - And maybe that's why those two mortgage companies chose not to show up." Around the country including Louisville homeowners are having a hard time selling their homes partly because many potential buyers are not able to get loans. But the sluggish ...
    2008-01-13 07:17:00

  • Bank of America buys biggest home lender 

    Business Day South Africa - The transaction will result in a $1,2bn restructuring charge as Bank of America cuts the expenses of the companies’ mortgage units 11%. Bank of America planned to issue about $2bn in capital, chief financial officer Joe Price said. Declines in the ...
    2008-01-13 08:43:00

  • New mortgage programs to ease distressed homeowners' minds

    Dallas Morning News - Don't despair. You may be eligible for assistance from one of many programs aimed at helping financially distressed homeowners keep their homes. Consumer advocates say they're finding mortgage lenders and mortgage-servicing companies more willing to ...
    2008-01-13 08:57:00

  • Countrywide Draws Ire of Judges - Wall Street Journal

    Countrywide Draws Ire of JudgesWall Street Journal - 58 minutes agoKatherine Porter, a bankruptcy-law professor at the University of Iowa who published an influential study on problems with claims made by mortgage companies ...
    2008-01-13 09:01:43

  • What’s on legislators’ agendas this year - East Valley Tribune

    What’s on legislators’ agendas this yearEast Valley Tribune, AZ - 54 minutes ago... predatory lending, mortgage fraud, etc.). The most significant bill that I will be working on this year prohibits credit card companies from using gifts ...
    2008-01-13 09:05:27

  • Blood kinship - Knoxville News Sentinel

    Blood kinshipKnoxville News Sentinel, TN - 54 minutes agoHospitals then pass that cost on to the patients or the insurance companies, but people who donate to Medic at least once a year exempt themselves and ...
    2008-01-13 09:06:09

  • Bank of America buys biggest home lender - Business Day

    Bank of America buys biggest home lenderBusiness Day, South Africa - 53 minutes agoThe transaction will result in a $1,2bn restructuring charge as Bank of America cuts the expenses of the companies’ mortgage units 11%. ...
    2008-01-13 09:06:37

  • Markets and the Dollar - Wall Street Journal

    Markets and the DollarWall Street Journal - 53 minutes agoBut those capital injections are a trickle when compared to the outward flood of dollars from US companies seeking to increase assets and earnings in some ...
    2008-01-13 09:06:47

  • Six Firms Settle Software License Disputes - Computerworld

    Six Firms Settle Software License DisputesComputerworld, MA - 52 minutes agoThe BSA, a trade group representing several IT vendors, said the six firms include mortgage brokers, media companies and retailers in the Midwest and New ...
    2008-01-13 09:07:27

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