Mortgage and Financial News From 2007-10-10 Page 7

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• Golden Which? has stood the test of time

  Daily Telegraph - In 1999 it "named and shamed" the 10 mortgage lenders that received the largest number of complaints from customers. But it transpired that the research was based on just 1,000 complaints from more than 10.9m mortgage holders, and not surprisingly ...
  2007-10-10 04:26:00

• Survey Results Show Lenders Not Helping Borrowers Keep Their Homes

  Forbes - SAN FRANCISCO, Oct. 10 /PRNewswire-USNewswire/ -- California's largest lenders are not helping borrowers, who struggle to make their mortgage payments, avoid foreclosure. The California Reinvestment Coalition (CRC) surveyed 33 of the state's more ...
  2007-10-10 01:13:00

• Group: California housing sales, prices to keep falling in 2008

  San Diego Union-Tribune - Mortgage lenders, meanwhile, have been struggling to find cash in the wake of rising delinquencies and foreclosures among financially strapped borrowers, especially those with subprime loans. As a result, the mortgage industry has tightened lending ...
  2007-10-10 03:36:00

• The United States of Subprime

  Wall Street Journal - Banks and other mortgage lenders have long charged higher rates to borrowers considered high risk, either because of their credit histories or their small down payments. As home prices accelerated across the country over the past decade, more ...
  2007-10-10 06:35:00

• Paulson Creates Group to Help Distressed Homeowners (Update2)

  Bloomberg - U.S. bank regulators last month urged mortgage lenders to stave off foreclosures by cutting or postponing home payments for cash-strapped borrowers. Federal Reserve Bank of Boston President Eric Rosengren said in a speech today that the ...
  2007-10-10 01:49:00

• Subprime turmoil hurts Experian in US

  MSNBC - ... growth of 6 per cent in the six months ended September 30. However, sales would have been two percentage points higher if it had not been for problems at LowerMyBills, a US-based division which generates customer leads for subprime mortgage lenders.
  2007-10-10 04:33:00

• Titan Lenders Corp. Selects National Mortgage Compliance Services

  Forbes - Titan Lenders Corp., a mortgage back office fulfillment services provider specializing in closing, funding, and post closing services has chosen National Mortgage Compliance Services, LLC, (NMCS) as an advisor on compliance matters related to its ...
  2007-10-10 12:30:00

• Study says lenders lost money last year

  Boston Globe - WASHINGTON -- Even before surging defaults rattled the mortgage industry, lenders were facing financial troubles and actually lost money on average for every loan they made last year, an industry trade group said Wednesday. The Mortgage Bankers ...
  2007-10-10 01:41:00

• Ohio Governor Calls On Lenders To Help Cut Foreclosures (WLWT-TV Cincinnati)

  Mortgage lenders required to submit monthly reports.
  2007-10-10 07:38:57

• US lenders agree on plan to aid struggling homeowners: Paulson (TODAYonline)

  A foreclosed house for sale in Los Angeles. Treasury Secretary Henry Paulson has announced that major US mortgage lenders have agreed to an "outreach" program to help homeowners facing possible foreclosure.
  2007-10-10 09:16:46

• US lenders agree on plan to aid struggling homeowners (Channel NewsAsia)

  WASHINGTON : Major US mortgage lenders have agreed to an "outreach" programme to help homeowners facing possible foreclosure, Treasury Secretary Henry Paulson announced on Wednesday.
  2007-10-10 09:48:33

• Analysis: Mortgage lending (Times Online)

  The latest mortgage figures from the Council of Mortgage Lenders (CML), revealed that gross mortgage lending was virtually static at £34billion in August, compared with £34.1billion in July. And it was only £1billion higher than August last year.
  2007-10-10 11:36:02

• Governor calls on lenders for help (The Cincinnati Post)

  COLUMBUS - Mortgage lenders in Ohio, which has one of the nation's highest foreclosure rates, must try harder to restructure loan agreements with delinquent homeowners under a plan proposed Tuesday by Gov. Ted Strickland.
  2007-10-10 08:48:45

• Study Says Lenders Lost Money Last Year (AP via Yahoo! Finance)

  Even before surging defaults rattled the mortgage industry, lenders were facing financial troubles and actually lost money on average for every loan they made last year, an industry trade group said Wednesday.
  2007-10-10 12:53:21

• US lenders agree on plan to aid struggling homeowners: Paulson (AFP via Yahoo! News)

  Major US mortgage lenders have agreed to an "outreach" program to help homeowners facing possible foreclosure, Treasury Secretary Henry Paulson announced Wednesday.
  2007-10-10 10:44:51

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