Mortgage and Financial News From 2007-9-25 Page 17

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• September stresses life insurance awareness (Edwardsville Journal)

  According to LIMRA, 68-million Americans have no life insurance coverage. Because of this, Gov. Rod Blagojevich has declared this September Life Insurance Awareness Month in Illinois.
  2007-09-25 08:49:37

• Mortgage rates warning over scheme (Channel 4)

  A move to a US-style compensation scheme for savers could lead to higher mortgage rates and lower returns paid on savings accounts.
  2007-09-25 09:31:54

• The poetic inspiration of available cash

  St. Petersburg Times - Just as mortgage lenders have been foolish with their lending for homes, we can expect an oversupply of used yachts, trailers, RVs and toys such as motorcycles. These will be on the market as owners discover they financed them for too long. It's ...
  2007-09-25 03:29:00

• Homebuyers encouraged to lie for mortgages

  Daily Telegraph - A spokesman said: “We are determined to cut down on mortgage fraud. Based on our investigations and on information received form lenders and whistleblowers we have banned a number of brokers who have been involved in knowingly overstating the income ...
  2007-09-25 09:42:00

• Surge in Government-backed savings products

  Times Online - Recent accusations that mortgage lenders have been lending irresponsibly is also predicted to prompt a rise in the number of homeowners reviewing their borrowings and switching to "safe" brand name banks and building societies. Tomorrow, the Post ...
  2007-09-25 03:51:00

• SPEAK OUT - Burden of living in Bay State too high

  Patriot Ledger - Then came the help in the form of the (unscrupulous) mortgage lenders, and I refinanced like so many others. And, in time, like so many others, I couldn’t make the higher payments, and my dream home was foreclosed upon. State agencies were non ...
  2007-09-25 05:17:00

• Mortgagebrokers.com Achieves Major Milestone With Its National Sales ...

  Forbes - ... challenges on several fronts, Mortgagebrokers.com has no exposure to the sub-prime markets as they do not underwrite, carry or manage any type of mortgage, rather they facilitate and coordinate residential transactions between buyers and lenders. ...
  2007-09-25 05:10:00

• Post Office to sell mortgages in Northern Rock heartland

  Daily Telegraph - According to the Council of Mortgage Lenders, there are 11.7m mortgages in the UK, with loans worth over £1.1trn. Meanwhile, there are 16,000 Post Office branches across the UK, making it the largest retail branch network in Britain, handling more ...
  2007-09-25 05:17:00

• Mortgage Holders Can Now Pay Monthly Mortgage Bill Online With Visa ...

  Earthtimes - SAN FRANCISCO, CA -- 09/25/07 -- CardIt, LLC., a third-party payment provider that acts as an intermediary between consumers and mortgage lenders, today announced the launch of company operations. CardIt accepts, processes, and remits payments on ...
  2007-09-25 09:42:00

• Post-mortem on credit crunch due

  Reuters - The problems of excessive leverage and risk taking that led to near shut-down of interbank lending in August emerged chiefly the most regulated parts of the financial system -- at domestic mortgage lenders, in the case of Britain, and even state ...
  2007-09-25 09:27:00

• Investor Uses Online Tool to Find and Evaluate Properties before ...

  Forbes - In addition to resources for investors, the toolkit includes online products for real estate agents, commercial agents and brokers, appraisers and lenders. Mortgage information from CRS is used for targeting potential sellers and evaluating the ...
  2007-09-25 08:51:00

• EDR Poll Finds Subprime Shockwave Hit on Commercial Real Estate Market

  Forbes - MILFORD, Conn., Sept. 25 /PRNewswire/ -- Results from a recent Environmental Data Resources Inc. (EDR) poll of environmental professionals and commercial property mortgage lenders indicate that the subprime lending crisis that shook residential ...
  2007-09-25 06:07:00

• Still No Bidder for U.K.'s Northern Rock

  CNBC - Private shareholders in one of Britain's largest mortgage lenders formed an action group Tuesday to hold management accountable for their decisions and to fend off a fire sale as shares of Northern Rock continued to head south. [ GS   Loading ...
  2007-09-25 08:44:00

• Wolters Kluwer Financial Services Launches Mortgage Fraud Prevention ...

  Forbes - WALTHAM, Mass., Sept. 25 /PRNewswire/ -- Wolters Kluwer Financial Services, through its PCi line of compliance analytics solutions, announced today a new mortgage fraud prevention program that can help lenders reduce the number of fraudulent loans ...
  2007-09-25 06:28:00

• Mortgagebrokers.com Achieves Major Milestone With Its National Sales Team Surpassing 300 Loan and Mortgage Originators ... (FinanzNachrichten)

  TORONTO, Sept. 25 /PRNewswire-FirstCall/ -- MortgageBrokers.com Holdings Inc. ( Nachrichten ) (OTCBB:MBKR) through its subsidiary, Mortgagebrokers.com Inc. (the "Company"), one of North America's fastest growing mortgage brokerage firms, continues its impressive growth by announcing today that its National Sales Team has surpassed 300 loan and mortgage originators across Canada.
  2007-09-25 05:21:34

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