Mortgage and Financial News From 2008-2-27 Page 16

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  • (AFX UK Focus) 2008-02-27 16:28 GMT: Conn. families struggling to save homes (Interactive Investor)

    HARTFORD, Conn. (AP) - Douglas and Kathleen Bastian are desperate to save their Hamden home, but say they've had no luck in refinancing their adjustable rate mortgage, currently set at an unaffordable 14 percent.
    2008-02-27 08:40:21

  • U.K. Gilts Rise as Stock Declines Spur Demand for Safest Assets (Bloomberg.com)

    Feb. 27 (Bloomberg) -- U.K. gilts rose the most in three weeks as stock markets around the world fell and corporate bond risk surged, stoking appetite for the safety of government debt.
    2008-02-27 08:41:28

  • Bernanke says 'we have a problem' controlling long-term mortgage rates (The Forex Market)

    WASHINGTON (Thomson Financial) - Federal Reserve Chairman Ben Bernanke today acknowledged that Federal Reserve rate cuts have not had as big an effect on long-term mortgage rates as some might have hoped.
    2008-02-27 08:42:48

  • UPDATE: Delinquencies On Alt-A Loan Jump In January (Nasdaq)

    Standard & Poor's said delinquencies on securities backed by Alt-A mortgages continued to rise in January, as loans which were favored by real-estate investors increasingly fall behind.
    2008-02-27 08:45:22

  • Hocking's Astute move links broking groups

    The Australian - Founded in 2000 by director Brad Wood, Astute has 160 broker representatives in all mainland states, and was judged brokerage of the year at last September's Australian Mortgage Awards.
    2008-02-27 05:16:00

  • Mortgages & homes - Mortgage features

    This is Money - David Hollingworth of mortgage broker London & Country Mortgages said lenders are now much more cautious than they were before the credit crunch took hold.
    2008-02-25 05:33:00

  • The essential first-time buyer tips

    This is Money - When you look for your first mortgage, it is worth calling a good fee-free broker such as London & Country or John Charcol. Don't just go to your local bank or building society.
    2008-02-27 07:18:00

  • Bernanke's Feb. 27 Statement to House Committee: Full Text

    Bloomberg - In addition, for all mortgage loans, our proposal addresses misleading and deceptive advertising practices, requires borrowers and brokers to agree in advance on the maximum fee that the broker may receive, bans certain practices by servicers that ...
    2008-02-27 07:11:00

  • AG Suthers goes to court over mortgage ads

    Denver Post - We have not yet filed against any other mortgage broker, but we are in serious negotiations with a number of others, although we can't yet disclose who they are," Strauch said.
    2008-02-26 03:37:00

  • Towergate acquires £15m GWP midlands broker

    Insurancetimes.co.uk - Towergate already boasts three successful businesses in the city, with commercial broker, Towergate Risk Solutions Leicester, military kit insurance provider Towergate Wilsons, and online intermediary for the mortgage broker market, Towergate Home ...
    2008-02-25 07:27:00

  • HUD proposes changes to mortgage rules

    Reuters - That figure is often dependent on the interest rate paid, with higher interest rates leading to higher payments to the broker. It is similar to a 2002 rule change that angered mortgage brokers and got the proposals scuttled.
    2008-02-26 02:57:00

  • Attorney General Cracks Down On Mortgage Fraud

    News 4 - One investigation involves a mortgage broker in Arapahoe County that the attorney general claims deceived, misled and financially injured Colorado consumers.
    2008-02-25 03:56:00

  • Northern Improvement District appoints new member

    Palm Beach Interactive - Earlier this month an appointment committee met to review applications and agreed on a shortlist that included Rubin and Wellington mortgage broker Wismick Saint Jean.
    2008-02-27 07:11:00

  • Rejig for mortgage broker

    News.com.au - MORTGAGE House, one of the country's largest home loan brokers, has been forced to overhaul its business model twice in the past 12 months after suffering a major slide in financial performance in 2007. The company founded by Sydney businessman Ken ...
    2008-02-26 06:08:00

  • Hotel Brokers International Announces 2007 Sales Achievement Award Winners (PR Newswire via Yahoo! Finance)

    Hotel Brokers International at its recent annual meeting announced that dollar volume of hotel real estate sales across its membership organization had risen an impressive 18.5 percent in 2007, compared to 2006 dollar volume.
    2008-02-27 05:58:00

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