Mortgage and Financial News From 2007-10-27 Page 6
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Get out of a variable annuity
Dallas Morning News - I think the American Funds are the best deal going for people who need advice about where to invest. You pay a ... Our house is paid off, so there's no mortgage, and both cars are paid for. In addition, thanks to my military ...
2007-10-27 09:32:00 -
Another post-merger kink for Sidley Austin
Crain's Chicago Business - ... Street and ignited a near-doubling of revenue and earnings has brought with it an unpleasant problem: exposure to the mortgage ... trial on 43 counts of tax evasion and conspiracy to defraud the IRS, related to allegedly fraudulent tax-shelter advice he ...
2007-10-27 10:37:00 -
How to track down the best mortgage deal
This is Money - Homeowners hunting for the best mortgage deals need to do their detective work as lenders tighten their belts in the wake of worldwide credit problems. It is the oldest piece of advice in the book, but don't forget to shop around. It is simple and ...
2007-10-27 12:43:00 -
Debt advisers warn of rise in repossessions
Financial Times - The Citizens Advice Bureau said significantly more people were getting in touch about problems relating to subprime mortgage arrears. It added that the “vast majority” of cases of lenders initiating repossession proceedings involved subprime loan ...
2007-10-27 05:57:00 -
Another post-merger kink for Sidley Austin (Crain's Chicago Business)
The 2001 merger that gave Chicago law firm Sidley Austin LLP a major presence on Wall Street and ignited a near-doubling of revenue and earnings has brought with it an unpleasant problem: exposure to the mortgage-market meltdown. Even prior to its combination with Brown & Wood LLP, Sidley had ...
2007-10-27 10:58:05 -
Mortgages hit home (Adelaide Now)
MORE than 5000 South Australian homeowners are on the verge of losing their properties, unable to cope with mounting mortgage repayments, a landmark new study reveals.
2007-10-27 07:33:12 -
Friday's Financial Winners & Losers
Street.Com - Genworth Financial ( GNW - Cramer's Take - Stockpickr ), which also deals in mortgage insurance, among other things, topped third-quarter expectations with operating income of $368 million, or 83 cents a share. That's 6 cents above the consensus. Shares ...
2007-10-24 05:57:00 -
Mortgage payments never late, but foreclosure still looms
Miami Herald - ... Even though we've never missed -- or been late with -- a payment on our $78,000 mortgage, my wife and I are being threatened ... to go back to Crown Bank to figure things out. What it learned is that Crown Bank had forced-placed you with a flood insurance ...
2007-10-27 11:55:00 -
Genworth Surges After Profitable Quarter for Mortgage Insurance
Bloomberg - Oct. 26 (Bloomberg) -- Genworth Financial Inc., the insurer divested by General Electric Co., rose the most in its three years as a public company after its U.S. mortgage insurance business had a third-quarter profit. Genworth climbed $1.95, or 7.6 ...
2007-10-26 07:25:00 -
Mortgage industry facing more troubles (The Bellingham Herald)
The exterior view of a Countrywide banking and loan office in San Mateo, Calif. is seen Friday, Oct. 26, 2007. Countrywide Financial Corp. lost $1.2 billion in the third quarter, but its shares soared Friday after the nation's largest mortgage lender said it expects to be profitable this quarter and next year.
2007-10-26 10:20:35 -
Kenneth Harney: Relief measures for mortgage meltdown (Arizona Daily Star)
WASHINGTON — Distress in the mortgage market is stirring up a wave of new relief bills on Capitol Hill, including one that would allow homeowners to tap into their retirement accounts — penalty-free — to bring their loans current or to refinance.
2007-10-27 12:08:09 -
Tax bills could make your mortgage payments balloon (St. Louis Post-Dispatch)
Remember that property tax bill you got? Was it signficantly higher than last year's bill? What about your homeowners' insurance? Did it go up, too?
2007-10-26 08:43:10 -
Mortgage payments never late, but foreclosure still looms (Miami Herald)
Q: Even though we've never missed -- or been late with -- a payment on our $78,000 mortgage, my wife and I are being threatened with default and foreclosure.
2007-10-27 12:05:30 -
Mortgage industry facing more troubles (AP via Yahoo! News)
In all phases of the mortgage industry this week, from the people who make the loans to the people who insure them, the news was bad — and most of them expect it to get worse.
2007-10-27 03:00:32 -
US bank to exit wholesale mortgage lending
Turkish Daily News - Bank of America is aiming to boost its direct share of home lending by focusing on its own branch offices and mortgage lenders. Its mortgage production increased 27 percent in the third quarter compared with the year earlier period, the bank said in ...
2007-10-27 01:04:00