Mortgage and Financial News From 2008-7-21 Page 01
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Report: Criminal records in Fla. mortgage industry - The Ledger
In addition to Don Saxon's resignation, Florida CFO Alex Sink is also calling for an executive order to stop issuing and renewing mortgage broker licenses to convicted felons.
2008-07-20 10:45:00 -
Woolwich makes second cut to mortgage rates - Times Online
Woolwich, Barclays' mortgage lending arm, today signalled that borrowing rates are finally on their way down as it shaved as much as 0.32 percentage points off some home loan deals. The move is the second cut in two weeks by Woolwich and follows ...
2008-07-21 01:54:00 -
Banks offer glimmer of hope on new mortgages - Times Online
Barclays and Abbey became the latest mortgage lenders to announce rate cuts yesterday as the cost of an average two-year fixed-rate mortgage fell below 7 per cent for the first time in weeks. Barclays cut some of the rates offered by Woolwich, its ...
2008-07-21 10:30:00 -
Property: To lease or not to lease - Daily Telegraph
The credit crisis has forced sellers to think laterally. Last June, Philip Flanagan, a mortgage broker, and his wife Michele, both 43, lost a buyer for Manor Farmhouse, their £1.75million, four-bedroom home near Faversham, Kent. With the market ...
2008-07-21 10:08:00 -
State mortgage regulator should quit, Florida's CFO Alex Sink says - St. Petersburg Times
Florida CFO Alex Sink, left, has lost confidence in Don Saxon, financial regulation commissioner. TALLAHASSEE — Florida's top banking regulator is under fire after a newspaper investigation exposed that thousands of convicted criminals were ...
2008-07-21 05:22:00 -
SEC Order On Naked Short Selling Takes Effect (Washington Post)
An order from the Securities and Exchange Commission aimed at protecting some of the country's largest financial companies against a form of short selling took effect yesterday, provoking complaints from smaller firms that they have been left vulnerable to the practice.
2008-07-21 06:40:07 -
Banks' earnings outlooks slashed (The Mercury)
THE slowing economy and rising bad debts could erase earnings growth at our major banks, Citigroup has warned.
2008-07-21 07:00:00 -
Citigroup warns of bank slowdown (Herald Sun)
TIGHTENING global credit, slowing economic growth and rising bad debts could erase earnings growth at Australia's major banks, according to Citigroup.
2008-07-21 07:14:00 -
Bank earnings likely to fall (Adelaide Now)
TIGHTENING global credit availability, slow economic growth and more bad debts could erase earnings growth at Australia's major banks in fiscal 2009, a brokerage says.
2008-07-21 08:00:00 -
Showdown over criminal brokers is imminent (Miami Herald)
Amid mounting criticism of his leadership, Florida's top mortgage industry regulator promised Monday to find out why his agency allowed thousands of people with criminal histories to sell home loans in the state.
2008-07-21 08:22:44 -
Family In Foreclosure Hopes To Keep Farm (WBAL-TV Baltimore)
A Howard County family is fighting to keep the farm that's been in its name for more than 175 years.
2008-07-21 08:38:11 -
FDIC gets help in IndyMac sale (Inland Valley Daily Bulletin)
PASADENA - Federal officials on Monday brought in a Wall Street heavyweight to help with the sale of the failed IndyMac Bank.
2008-07-21 10:46:35 -
Governor Unveils Plan To Stabilize Mortgage Market - KPIX-TV5
SACRAMENTO (CBS 5 / KCBS) ― California Gov. Arnold Schwarzenegger Monday announced the launch of the Community Stabilization Home Loan Program, a special program designed to help first-time homebuyers purchase homes in communities hardest hit by ...
2008-07-21 05:29:00 -
Credit crunch: still a way to go on home loans - Times Online
Mortgage rates are coming down at last. Hurrah! Well, sort of. Woolwich yesterday cut rates on some home-loan deals for the second time in two weeks.
2008-07-21 02:37:00 -
Two Fed Myths That Need Debunking - Washington Post
Resize There are two things you may have heard about the Federal Reserve Board , both of which are wrong. The first is that the Fed controls U.S. interest rates. The second is that the Fed has made so many commitments that it's in danger of running ...
2008-07-21 09:25:00