Mortgage and Financial News From 2007-10-15 Page 5

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  • Mortgage fraud ringleader pleads guilty (BizJournals)

    A Hillsborough County man has pleaded guilty to multiple charges of racketeering, conspiracy to commit racketeering, mortgage fraud and grand theft.
    2007-10-15 08:44:00

  • Patrick to press mortgage companies (Boston Globe)

    Governor Deval Patrick plans to introduce an ambitious program today to assist Massachusetts communities in preventing foreclosures by pressing lenders to accept losses on their mortgages so that homeowners are able to sell their properties and pay off smaller loan balances.
    2007-10-15 03:09:40

  • Mortgagebrokers.com Recruits Additional Mortgage Origination Professionals, Expanding Network throughout Canada (CNW Group via Yahoo! Finance)

    MortgageBrokers.com Financial Group of Companies Inc., a subsidiary of MortgageBrokers.com Holdings Inc. , announced that it has signed agreements with an additional mortgage and loan professionals, representing the potential of over $400 million in supplemental mortgage originations.
    2007-10-15 05:00:00

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

    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.
    2007-10-15 02:25:12

  • Abbott addresses mortgage companies (BizJournals)

    Texas Attorney General Greg Abbott proposed a series of foreclosure prevention measures to three mortgage lending and loan servicing companies.
    2007-10-15 01:01:55

  • Treasuries Little Changed as Stocks Fall on Citigroup Comment

    Bloomberg - Portfolio managers turned bearish on Treasuries and added to holdings of mortgage-related securities last week, according to a survey of investors by Ried, Thunberg & Co., a research unit of ICAP Plc, the world's largest interdealer broker. The index ...
    2007-10-15 01:28:00

  • First Houston Celebrates 10 Year Anniversary

    PR Inside - and David Zugheri as a mortgage broker, First Houston Mortgage has evolved into a paperless mortgage bank that completes all phases of the mortgage process in-house, via a global supply chain, from the initial application to underwriting, funding and ...
    2007-10-15 08:13:00

  • Nomura to quit US mortgage market

    Financial Times - Nomura Securities, Japan’s largest broker, said it would withdraw from the US residential mortgage-backed securities market and slash its US fixed-income operations as part of a broad restructuring of its US business. The move, which includes a cut ...
    2007-10-14 11:59:00

  • US STOCKS-Credit concerns, Citigroup weigh on Wall Street

    Reuters - Citigroup's (C.N: Quote , Profile , Research ) chief financial officer set the tone for the session when he said U.S. consumer credit will likely weaken this quarter after mortgage delinquencies accelerated. His comments prompted the biggest drop ...
    2007-10-15 01:21:00

  • Number of rejected mortgage requests soars 60 per cent

    The Independent - We are surprised at these figures, as no mortgage applicant should be turned down unless they have withheld information. This is why it is so important to use a broker who will only approach those lenders whose criteria the borrower does fit." She ...
    2007-10-15 05:03:00

  • Mortgagebrokers.com Recruits Additional Mortgage Origination ...

    Forbes - The Company is dedicated to re-branding the over 40,000 small and medium mortgage broker (SME) firms in North America while providing these entities scalability through a centralized shared services platform. MortgageBrokers.com is designed to ...
    2007-10-15 05:00:00

  • Final referee keeps his head by drying dishes

    Guardian Unlimited - He combines work as a mortgage broker with sorting out international rugby players. He has managed to get home a few times during this tournament. "When you're involved in making decisions in business on an ongoing basis you're not afraid to make ...
    2007-10-15 05:39:00

  • Nomura Holdings closing NY mortgage unit (Crain's New York Business)

    Japan's largest securities firm by revenue will shut down its residential mortgage-backed securities business and cut 400 jobs.
    2007-10-15 12:11:23

  • Number of rejected mortgage requests soars 60 per cent (Independent)

    The number of rejected mortgage applications has soared 60 per cent over the past six months, according to the price comparison service MoneyExpert.com.
    2007-10-15 05:22:36

  • Japan's Nomura Holdings To Shutter U.S. Mortgage Securities Operation (Nasdaq)

    (RTTNews) - Japanese securities company Nomura Holdings says it will shut down its U.S. residential mortgage-backed securities business, the result of the subprime mortgage crisis.
    2007-10-15 05:53:48

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