Mortgage and Financial News From 2007-9-25
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US August existing home sales fall 4.3 pct to 5.50 mln unit annual ...
Forbes - Housing demand was falling even before the market crisis began as mortgage rates rose in June and July. Since existing home sales are counted only when the deals close, the full effect of the August mortgage market retrenchment probably has yet to ...
2007-09-25 08:16:00 -
First American LoanPerformance Announces Availability Of TrueStandings ...
Forbes - FAF) and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced its new TrueStandings Home Price Index (HPI) analytics solution, the most comprehensive source of real estate price trends for ...
2007-09-25 05:31:00 -
Existing-Home Sales Slide 4.3% Amid Mortgage-Market Woes
Wall Street Journal - WASHINGTON -- Demand for previously owned homes tumbled in August to the lowest level in five years as mortgage market troubles hurt sales. Separately, U.S. consumer confidence fell to a nearly two-year low in September, weighed down by a softening ...
2007-09-25 07:47:00 -
Florida's Existing Home Sales Ease in August 2007
Forbes - ORLANDO, Fla., Sept. 25 /PRNewswire/ -- Low mortgage rates, low unemployment rates and strong demographics continued to reflect positive economic signs in Florida in August. Statewide, sales of existing single- family homes totaled 11,279 last month ...
2007-09-25 08:08:00 -
State Agencies Investigate Local Mortgage Company's Shutdown (WGAL via Yahoo! News)
Three Pennsylvania agencies have begun investigations into the shutdown of a Berks County-based mortgage company that has left hundreds of local homeowners with higher than expected mortgage payments, putting some of them in danger of foreclosure.
2007-09-25 06:18:46 -
US home sales fall 4.3 percent (AFP via Yahoo! News)
US existing home sales fell 4.3 percent in August as buyers had trouble getting mortgages amid financial market turmoil, the real estate industry said Tuesday.
2007-09-25 08:15:52 -
First American LoanPerformance Announces Availability Of TrueStandings(R) Home Price Index (PR Newswire via Yahoo! Finance)
First American LoanPerformance, a member of the First American family of companies and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced its new TrueStandings Home Price Index analytics solution, the most comprehensive source of real estate price trends for mortgage investment professionals, mortgage risk managers and analysts.
2007-09-25 05:32:00 -
Existing-Home Sales Fall on Temporary Mortgage Problems (HispanicBusiness.com)
WASHINGTON -- Existing-home sales fell in August when mortgage availability problems were peaking, according to the National Association of Realtors(R).
2007-09-25 08:27:22 -
Mortgage brokers urge customers to lie about salary to get huge home loans (Daily Mail)
Mortgage brokers are telling customers to lie about income to get a loans, a shocking investigation revealed today.The damning probe discovered salesmen contributing to Britain's sub-prime mortgage crisis by advising home-buyers to take on too much debt
2007-09-25 07:33:00 -
Western Standard Energy Corp. Enters Farmout Agreement For Oil & Gas ...
Forbes - ... test well and associated lease rentals, in return for 100% of the working interest ... in that they have encountered long production lives and prolific production rates ... complete the Starbuck Prospect acquisition and look forward to developing current ...
2007-09-25 06:35:00 -
Strike, rate cut echo theme of economic stress
Chicago Tribune - Last Tuesday the Federal Reserve staged a surprise half-point cut in interest rates. On Monday the United Auto Workers staged a ... A major strike of any length enables the labor union to ask the current crop of presidential candidates the age-old ...
2007-09-25 04:34:00 -
Your Money: Beware tax bite after losing your home
USA Today - In a short sale, a home is sold for less than the amount owed on the mortgage; the lender agrees to forgive the balance. That keeps a foreclosure off your credit report, but you'll still be liable for taxes on the forgiven debt. Legislation introduced ...
2007-09-23 05:58:00 -
August Existing-Home Sales Fall on Temporary Mortgage Problems
Forbes - ... current sales pace, up from a 9.5-month supply in July. NAR President Pat V. Combs, from Grand Rapids, Mich., and vice president of Coldwell Banker-AJS-Schmidt, said the good news is that the mortgage picture is improving. "Mortgage interest rates ...
2007-09-25 06:57:00 -
Facebook talks rumored
Seattle Times - ... Investment bounced property-tax checks for some Maryland homeowners, local and state officials said Monday, and they have demanded an explanation from the bankrupt mortgage lender and servicer. Maryland filed an inquiry with American Home Mortgage on ...
2007-09-25 02:03:00 -
AP Business NewsBrief at 8:07 a.m. EDT
CNBC - ... for some Maryland homeowners, local and state officials said Monday, and they have demanded an explanation from the bankrupt mortgage lender and servicer. The Maryland Commissioner of Financial Regulation filed an inquiry with American Home Mortgage ...
2007-09-25 05:10:00