Mortgage and Financial News From 2007-10-10 Page 4

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  • Foreclosures Divided By Locale

    Morning News - Whatever homeowners and/or mortgage companies did to fix the Fort Smith region's foreclosure rate this year, it's working. Now if northwest Arkansas could just catch on. According to RealtyTrac.com, Benton County had a total of 1,103 foreclosures for ...
    2007-10-10 03:50:00
  • US House proposal would ease GSE investment limits

    Reuters - The proposal from Representatives Melissa Bean, an Illinois Democrat, and Randy Neugebauer, a Texas Republican, would allow the mortgage companies to increase their investment holdings above their current level of a combined $1.4 trillion. In a ...
    2007-10-10 12:51:00
  • Summary Box: Administration announces mortgage industry coalition

    CNBC - NEW GROUP: The Bush administration Wednesday announced a new mortgage industry coalition aimed at helping homeowners avoid foreclosure. MAJORITY: Treasury Secretary Henry Paulson said 11 of the largest mortgage service companies had agreed to join ...
    2007-10-10 01:06:00
  • US opens reporting season with the jitters

    The Independent - Shares of housebuilders and mortgage companies have already been taken out to the woodshed," says Tobias Levkovich, the chief equity strategist at Citi, "but the selling hasn't been across the board." Chevron, the oil giant, issued a last-minute ...
    2007-10-10 04:19:00
  • Amcat and CRMnow Integrate CRM With Customer Contact to Provide ...

    Forbes - These changes require mortgage companies to place a greater emphasis on the customer communication and loan qualification process. The new combined system coordinates customer preferences and loan data with inbound and outbound customer contact to ...
    2007-10-10 09:09:00
  • New Mortgage Coalition to help Homeowners Avoid Default (Bristol Herald Courier)

    The Bush administration has announced a new effort to help homeowners avoid being trapped in a rising tide of foreclosures. Treasury Secretary Henry Paulson says the initiative will bring together 11 of the country's largest mortgage service companies.
    2007-10-10 11:43:48
  • White House Creates Mortgage Coalition (Washington Post)

    WASHINGTON -- The Bush administration announced a new mortgage industry coalition on Wednesday aimed at helping homeowners avoid being trapped in a rising tide of foreclosures.
    2007-10-10 04:24:01
  • SFO investigates multi-million dollar mortgage fraud claim (The New Zealand Herald)

    The Serious Fraud Office is investigating claims that real estate agents and developers have been involved in a multi-million dollar mortgage scam. The scam involved one of Auckland's biggest real estate companies, Barfoot and Thompson.
    2007-10-10 12:50:08
  • Amcat and CRMnow Integrate CRM With Customer Contact to Provide Mortgage Companies With Next-Generation Customer ... (PR Newswire via Yahoo! Finance)

    Amcat, a leading provider of intelligent customer interaction solutions today announced a new product solution that combines CRMnow's Mortgage iQ system with Amcat's award winning customer contact system, Contact Center Suite.
    2007-10-10 09:00:00
  • Mortgage servicers aim to head off foreclosures (Market Watch)

    WASHINGTON (MarketWatch) -- Banks and mortgage companies are ramping up efforts to head off a wave of foreclosures by expanding and improving counseling services to troubled borrowers, the institutions and the U.S. government announced Wednesday.
    2007-10-10 09:55:41
  • Long fixed-rate mortgages - is there a demand?

    Reuters UK - Ray Boulger, senior technical manager at independent mortgage broker John Charcol, said borrowers who wanted a long-term fixed rate had plenty of choice at present, with flexible and offset products available, as well as loans offering early exit ...
    2007-10-10 07:22:00
  • US STOCKS-S&P index drops on profit worry, financials

    Reuters - The Nasdaq Composite Index was up 2.06 points, or 0.07 percent, at 2,805.97. Financial company shares were a major drag on worries they could record more losses from the credit squeeze and mortgage crisis. Continued... © Reuters 2007 ...
    2007-10-10 08:55:00
  • Area residential market 'brutal,' veteran broker says

    Palm Beach Post - The housing market in Palm Beach County and the Treasure Coast has turned "brutal" and is getting worse, a veteran mortgage broker said Tuesday. The stark outlook came from William Davis, president of Private Funding Specialists Inc. in Palm Beach ...
    2007-10-09 04:13:00
  • Boston Fed's Rosengren says markets not in 'wholesale repricing' of ...

    Forbes - Since the mortgage broker channel has been 'disrupted,' Rosengren says, 'there is an opportunity for commercial and savings banks to help provide liquidity in this market.' The banks were mostly absent from the subprime market before and still have ...
    2007-10-10 06:18:00
  • David Hendricks

    San Antonio Express News - Banks may be skittish now because of the mortgage crisis. Financial institutions, however, need to study how lending can accommodate growth from five employees to 50 and then 50 to 100 workers at companies in the best ...
    2007-10-08 05:54:00