Mortgage and Financial News From 2008-1-7 Page 12

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  • Dec. 31 Disclosures Leave Hangovers (Hartford Courant)

    H & R Block, Zions Bancorporation And PHH Corp. Rattled Market Just As The New Year Began The ball certainly did drop on New Year's Eve for some investors. But instead of bringing them holiday cheer, it landed with a big thud.
    2008-01-07 07:14:13

  • Bush Concedes Economy Faces New Challenges (New York Times)

    CHICAGO President Bush, in a marked shift from his usual upbeat economic assessments, conceded here on Monday that the nation faces ?economic challenges? due to rising oil prices, the home mortgage crisis and a weakening job market.
    2008-01-07 07:18:38

  • Bush Admits Economy Faces Challenges (NYTimes.com via Yahoo! Finance)

    President Bush conceded that rising oil prices, the home mortgage crisis, and the weakening job market present new “economic challenges.” .
    2008-01-07 08:39:03

  • Bush paints a darker economic picture (Seattle Post-Intelligencer)

    CHICAGO -- President Bush, in a marked shift from his usual upbeat economic assessments, conceded here Monday that the nation faces "economic challenges" because of rising oil prices, the home mortgage crisis and a weakening job market.
    2008-01-07 08:39:12

  • Nationwide accuses rivals over temporary bonuses

    Daily Telegraph - It called on banks and building societies to "play fair to savers" and inform them when temporary bonuses are due to expire and rates change - in the same way lenders are required to do when mortgage rates change. This latest shot in the war for ...
    2008-01-07 07:03:00

  • Analyst note: Credit card lenders

    BusinessWeek - Michael Taiano said lower billed business and higher credit losses -- as a result of economic pressures on consumers such as untenable mortgage payments and unemployment -- will eat into profits at card lenders. "We expect 2008 to be a challenging ...
    2008-01-07 11:39:00

  • Norm Koenig Joins Visionet Systems

    Forbes - ... of consulting, metrics-based technology solutions and business process outsourcing, Visionet Systems helps lenders identify and remove inefficient processes to improve profitability. Founded in 1995, the company's customers include mortgage lenders ...
    2008-01-07 07:35:00

  • Abandoned homes pit lenders against cities

    MSNBC - The surging number of vacant and abandoned homes resulting from the mortgage market meltdown. The vacancies occur when lenders bring foreclosure suits against delinquent borrowers. Mere notice that such an action might be filed often sends residents ...
    2008-01-07 01:26:00

  • New York governor to propose subprime bill

    Newsday - While the provisions are important, some mortgage lenders are concerned the governor is casting too wide a net. "You have to watch limiting consumers' options," said Michael McHugh, chief executive of Continental Home Loans, a Melville-based mortgage ...
    2008-01-07 03:28:00

  • White House Standing Pat

    Street.Com - Paulson said the HOPE NOW alliance of mortgage lenders and borrowers, brought together by the administration, is reaching out to homeowners who will struggle to pay higher rates once ARMs reset, is developing new products to help keep responsible ...
    2008-01-07 12:58:00

  • California Tops in Mortgage Job Cuts

    Los Angeles Business Journal - The state of California lost nearly 16,000 jobs last year due to the stumbling mortgage industry, by far the most of any other state, according to a survey released Monday by MortgageDaily.com. The survey found that mortgage lenders cut more than 86 ...
    2008-01-07 03:57:00

  • Campaign over, Dodd faces heavy US Senate workload

    Reuters - In addition, Dodd's committee will try to move forward on a bill introduced last month by the senator, between campaign stops in Iowa, to crack down on predatory mortgage lenders. The House has already approved a predatory lending bill, as well as a ...
    2008-01-07 03:57:00

  • Bear Stearns CEO Cayne expected to resign, but remain as chairman ...

    International Herald Tribune - Cayne, 73, had been under scrutiny since the summer, as the liquidity crisis pushed scores of mortgage lenders out of business, bled more than $100 billion (€67.92 billion) from Wall Street's books, and coaxed the Federal Reserve to cut interest ...
    2008-01-07 06:13:00

  • Titan Lenders Corp Integrates DocMagic with Cerberyx Platform

    Forbes - Titan Lenders Corp., a mortgage back office fulfillment services provider specializing in closing, funding, and post closing services has integrated with DocMagic mortgage document solutions from Document Systems Inc. (DSI), in Carson, Calif., with ...
    2008-01-07 09:16:00

  • Spitzer wants cap on property taxes - Press & Sun-Bulletin

    Spitzer wants cap on property taxesPress & Sun-Bulletin, NY - 3 hours agoHe will also present a detailed plan on offering more protections for homeowners against unscrupulous mortgage lenders, an aide said Monday. ...
    2008-01-07 04:55:23

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