Mortgage and Financial News From 2007-10-15 Page 4

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  • Mortgage Builder(R) LOS Improves Compliance and Fraud Processes with Brooks Systems and Interthinx(R) Interfaces (Business Wire via Yahoo! Finance)

    BOSTON----Mortgage Builder Software, Inc., provider of end-to-end mortgage banking software, has integrated Brooks Systems' High Cost Loan Analysis and Interthinx's® proven loan-level fraud detection system into Mortgage Builder's® LOS system.
    2007-10-15 05:00:00

  • Japan Hot Stocks-Oil companies, Nomura

    Reuters UK - The following stocks are on the move: **OIL COMPANIES RISE ON RECORD CRUDE PRICE** Shares of oil companies including INPEX ... 4 percent to 2,030 yen after Japan's largest brokerage said on Monday it would pull out of the U.S. residential mortgage ...
    2007-10-15 05:39:00

  • Citigroup, Bank of America Plan $80 Billion SIV Fund (Update5)

    Bloomberg - The new company will buy assets from structured investment vehicles, units set up to purchase securities such as bank bonds and subprime mortgage debt, the banks said today in a joint statement. Other finance companies may join, the banks said ...
    2007-10-15 02:54:00

  • Don't Confuse Some N.Y. Times Editorial Writers With the Facts

    FOX News - The Pro Publica organization was created by Herbert and Marion Sandler — former owners of one of the country's largest mortgage and banking companies. The Sandlers made about $2.5 billion when they sold it. They are major Democratic political ...
    2007-10-15 05:39:00

  • Behind the Citigroup rescue

    CNN Money - Latest Rates Active Companies Stock Price Increases Stock Price Decreases Earnings: Reports & Estimates Hot Stocks Stock Spotlight ... Since the SIVs have been holding off from making big sales, and since trading is light in the markets for mortgage-backed ...
    2007-10-15 01:28:00

  • Choose credit cards by how you use them

    USA Today - On a 1,000-point scale, card companies received an average satisfaction rating of 658. Credit card issuers lagged behind mortgage servicers (798), online brokerage firms (773) and retail banks (763) on the satisfaction scale. Those results will come ...
    2007-10-15 05:46:00

  • Primedia Shares Slide on Revised Forecast

    CNBC - The U.S. subprime mortgage crisis and faltering homes sales have fueled spending cuts by some real-estate advertisers, including mortgage companies, homebuilders, and real-estate agents who have come under heavy financial pressures. At the same time ...
    2007-10-15 11:20:00

  • UPDATE 1-Ginnie Mae makes new pool-type for FHA Secure loans

    Reuters - While Ginnie Mae bonds make up just 10 percent of the $4 trillion market for guaranteed mortgage securities (including MBS backed by private companies Fannie Mae and Freddie Mac), some mutual funds with big concentrations have a lot at stake ...
    2007-10-15 04:13:00

  • Fannie, Freddie still pushing on portfolio caps

    Reuters - Last: BOSTON, Oct 15 (Reuters) - Fannie Mae and Freddie Mac could be doing more to stabilize the U.S. housing industry if their mortgage portfolio caps were lifted, executives at both companies told members at a Mortgage Bankers Association ...
    2007-10-15 03:09:00

  • Banks try to stave off debt shock

    CNN Money - Latest Rates Active Companies Stock Price Increases Stock Price Decreases Earnings: Reports & Estimates Hot Stocks Stock Spotlight ... While the fund doesn't alter the fundamental problem facing the mortgage market - rising delinquencies on subprime mortgages ...
    2007-10-15 04:34:00

  • Citi profits tumble as execs scramble

    CNN Money - Latest Rates Active Companies Stock Price Increases Stock Price Decreases Earnings: Reports & Estimates Hot Stocks Stock Spotlight ... Citigroup is among a handful of banks that have been hard hit by this summer's subprime mortgage crisis. Three other banks ...
    2007-10-15 04:34:00

  • Earnings slump 57% at Citigroup

    USA Today - Calendar: What companies are reporting today? Can't find your company?: Put the name or ticker symbol of any company in any ... debt crisis, I think it shows up clearly in bad loans in the commercial sector, and that has nothing to do with any mortgage ...
    2007-10-15 05:17:00

  • Wilbur Ross Sees Mortgage Market Rise After Subprime (Update1)

    Bloomberg - Oct. 15 (Bloomberg) -- Wilbur Ross, the billionaire who specializes in resurrecting failed companies, is betting the U.S. mortgage market will rise from the dead. ``We're looking at everything that's in trouble,'' said Ross, founder of New York-based ...
    2007-10-15 02:18:00

  • US mortgage executives say housing price decline expected to stretch ...

    MSN UK News - U.S. housing prices will continue to decline at least through the end of next year and may not begin creeping upward again until 2010, executives from the biggest mortgage financiers said Monday. Officials with government-sponsored mortgage companies ...
    2007-10-15 03:09:00

  • Guardian Mortgage Documents and Communication Intelligence Corporation Form Alliance to Provide Mortgage Industry with ... (FinanzNachrichten)

    The recognized leader in electronic signature solutions and biometric signature verification, Communication Intelligence Corporation ( Nachrichten ) (CIC) (OTCBB: CICI), is joining forces with leading document preparation provider, Guardian Mortgage Documents (GMD), to provide the mortgage industry with a new eSignature plus documents solution.
    2007-10-15 06:34:44

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