Mortgage and Financial News From 2008-3-16 Page 10

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  • Questions over add-on brokerage fees heat up

    Chicago Tribune - WASHINGTON - Just about anybody who bought a home or took out a mortgage in the last five years has run into them in some ... My broker requires it. I don't a get a penny of it. Now a federal appellate court has weighed in with a decision involving a ...
    2008-03-14 10:04:00

  • Indy man to serve time for fraudulent practices

    Hendricks County Flyer - Last month, a jury found Keigley guilty of making loan transactions as an unlicensed loan broker at both Prestige Mortgage Corporation and First Place Mortgage Inc.
    2008-03-14 12:45:00

  • Bear scares Wall Street

    CNN Money - Stocks staged a late-session rally Thursday after Standard & Poor's said an end to mortgage writedowns is in sight. But the tone Friday was negative amid a fresh selloff in financials.
    2008-03-14 01:50:00

  • Thomson Financial UK at-a-glance share guide - weekend

    CNN Money - ... RAB Capital is keeping leverage low to protect it from the credit crunch - Telegraph *Tesco disputes claims by US broker that ... managers reported to be adding to their holdings in Restaurant Group - Daily Express *UK lenders withdrawing from mortgage ...
    2008-03-16 09:01:00

  • Investors suffer as buy-to-let backfires

    This is Money - That is because of the change in mortgage lenders' attitudes to risk. Lee Grandin of specialist broker Landlord Mortgages says: 'New-build is an area where experienced landlords do not invest.
    2008-03-16 07:49:00

  • Paulson defends Fed's rescue of firm

    CNN Money - Treasury secretary says decision by Federal Reserve to loan money to broker-on-the-brink 'minimized' broader woes. ... to Bear Stearns' aid Friday along with JPMorgan Chase & Co. ( JPM , Fortune 500 ) Bear Stearns had made a fortune in mortgage ...
    2008-03-16 08:18:00

  • The Cape Is Calling

    Boston Globe - Secondly, we got a preapproval letter from our current mortgage company based on those preliminary assumptions. Our third step was to recruit the help of a buyers' broker who would represent us but still receive her commission from the seller.
    2008-03-16 10:34:00

  • CCV lands Sussex broker

    Insurancetimes.co.uk - Berkeley Alexander controls gross weight premiums (GWP) of over £10m and specialises in the wholesale of general insurance products to the mortgage broker and IFA sectors through a base of 6,500 agents across the UK.
    2008-03-14 10:01:00

  • Where does buy-to-let go from here?

    Guardian Unlimited - Is this the grim future for buy-to-let investors as property prices begin to fall? Just 18 months ago, retired teacher Judith Andrew was convinced by a mortgage broker that a buy-to-let flat would be her ticket to a more comfortable retirement. But ...
    2008-03-14 05:03:00

  • U.S. housing office reveals new mortgage rules

    Forbes - While this rule also would require that any payment that the lender makes to a mortgage broker be revealed, Montgomery sought to forestall opposition from mortgage brokers by stressing in a conference call to reporters that a study showed that buyers ...
    2008-03-14 11:34:00

  • Franchisors' slim pickings (The Courier Mail)

    THE hunt for franchisees has become a battle of the big spenders, with franchisors plunging tens of millions of dollars a year into recruitment.
    2008-03-16 06:00:00

  • Reuters Canada Business Summary (The Globe and Mail)

    MADRID (Reuters) - U.S. bank Merrill Lynch & Co has overcome its most serious problems stemming from the global credit crunch but has not eliminated all, its chief executive was quoted as saying.
    2008-03-16 07:16:21

  • Reuters Canada Business Summary (The Globe and Mail)

    WASHINGTON (Reuters) - Treasury Secretary Henry Paulson on Sunday repeated comments that a strong dollar was in the U.S. interest and expressed confidence that financial markets would recover from their current turmoil.
    2008-03-16 07:31:21

  • It's still buyer vs. seller (Chicago Tribune)

    The upper hand may have changed, but the struggle is far from over Home inventories are upand appreciation ain't what it used to be. That has sellers worried as real estate shifts further into a buyer's market.
    2008-03-16 09:05:12

  • Sunday's newspaper round-up: Marks & Spencer, Whitbread, Shell (ShareCast)

    LONDON (SHARECAST) - Furious investors are demanding meetings with Marks & Spencer as the row over botched succession planning at the retailer intensifies, according to the Observer.
    2008-03-16 09:37:11

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