Mortgage and Financial News From 2007-10-15 Page 13

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  • Fed Won't Cut Again Unless Data Show It's Needed: John M. Berry (Bloomberg.com)

    Oct. 15 (Bloomberg) -- With economic news running no worse than when Federal Reserve officials cut interest rates last month, they aren't likely to move again when they meet the last two days of the month.
    2007-10-15 05:55:17

  • Fed Won't Cut Again Unless Data Worsen: John M. Berry (Correct) (Bloomberg.com)

    (Corrects unemployment to employment in 12th paragraph.) Oct. 15 (Bloomberg) -- With economic news running no worse than when Federal Reserve officials cut interest rates last month, they aren't likely to move again when they meet the last two days of the month.
    2007-10-15 07:55:18

  • Central bank expected to leave rates alone (Toronto Star)

    The Bank of Canada is expected to hold interest rates steady again tomorrow but markets will be watching closely for signs of where the central bank is headed next.
    2007-10-15 01:35:42

  • FICS Enhances Servicing Solution with QuestSoft's Instant Geocoder

    Forbes - Foreclosure is an expensive undertaking for both the consumer and the lender, and being able to quickly, accurately ... Laguna Hills, Calif.-based QuestSoft is a compliance-software development firm specializing in the Home Mortgage Disclosure Act ...
    2007-10-15 05:00:00

  • Northern Rock chief faces grilling

    Reuters UK - ... from its big name rivals, although it did not take on risky loans. He wanted to be one of the top three mortgage providers within five years, from fifth now, and was the biggest lender in the first half of this year, providing nearly one in five home ...
    2007-10-15 12:17:00

  • Wyeth Pharma And Progenics To Start Phase 2 Clinical Trials Of Oral ...

    RTT News - 10/15/2007 1:58:36 PM Monday, sub-prime mortgage lender Accredited Home Lenders Holding Co. revealed the receipt of a $100 million of working capital from its new parent, LSF5 Accredited Investments, LLC, a subsidiary of Lone Star Fund V L.P. Lone ...
    2007-10-15 10:51:00

  • No one solution for foreclosures, Wells Fargo says

    Reuters - ... best efforts to stave off foreclosures may never work, according to a major lender and a community group on Monday. The combination of falling home prices ... there are some customers (the industry) cannot help," Coffin told Reuters at the Mortgage ...
    2007-10-15 09:39:00

  • NAB wants a bigger share as others raise rates

    News.com.au - NAB retail chief Andrew Thorburn says the nation's second-biggest lender has a ... started in late July, some banks and non-bank lenders have raised their mortgage ... funding costs, He could not see any easing of competition, particularly for home ...
    2007-10-15 10:51:00

  • Philanthropies Back Journalism Venture

    Associated Press - Golden West Financial Corp., the mortgage lender Sandler co-founded with his wife Marion, was sold to Wachovia Corp. last year for about $24 billion. Other philanthropies involved include The Atlantic Philanthropies, the JEHT Foundation and the John D ...
    2007-10-15 09:32:00

  • Lone Star subsidiary makes $100M injection to Accredited

    Dallas Business Journal - A Lone Star Funds subsidiary injected $100 million in capital into Accredited Home Lenders Co. , Accredited said Monday ... Accredited also said it received a letter Oct. 10 from its lender, Mortgage Investments Funding LLC, saying the lender is ...
    2007-10-15 11:05:00

  • Mavent Integrates into Calyx Software

    Forbes - ... level lender and broker license reviews; state consumer credit laws relating to such terms as usury, fee restrictions and prohibitions, prepayment penalties, late fees, and loan term and payment limitations; certain requirements of the Home Mortgage ...
    2007-10-15 11:27:00

  • Mortgage Lender Selects Workway for Staffing Services

    PR Inside - www.workway.com - Workway, a Burbank, Calif. - based staffing firm specializing in serving the financial industry announced at the MBA's 94th Annual Convention and Expo that 1st Republic Mortgage Bankers, Inc. (New York), a direct lender to home ...
    2007-10-15 08:13:00

  • Sinking Like A (Northern) Rock

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... Shares in the British mortgage lender plummeted by nearly a fifith on Monday, despite confirmation from the company that it was in ...
    2007-10-15 09:25:00

  • Citigroup, Bank of America Plan $80 Billion SIV Fund (Update4)

    Bloomberg - Countrywide Financial Corp., the biggest U.S. mortgage lender, had to tap an entire $11.5 billion bank line on Aug. 16 after being unable to finance itself with commercial paper. The gap between top-rated asset-backed commercial paper and ...
    2007-10-15 09:39:00

  • Northern Rock confirms preliminary talks with buyers (AFP via Yahoo! News)

    Stricken mortgage lender Northern Rock said Monday it was in preliminary talks with a number of potential buyers or investors, but did not name the interested parties.
    2007-10-15 01:58:03

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