Mortgage and Financial News From 2007-11-6 Page 01

Previous Day: 2007-11-05

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• House panel endorses mortgage reform package

  CNBC - Barney Frank, the Democratic chairman who drafted the bill, said his legislation will give mortgage investors some responsibility for improper loans that go bad and eliminate some broker incentives that could lead borrowers to costlier loans. "I ...
  2007-11-05 03:53:00

• Predatory lending prolongs the housing slump

  Arizona Daily Sun - In an ideal world, the watchword in housing finance, as in most other corners of the free marketplace, would be buyer beware. After all, if it sounds too good to be true that a mortgage broker requires no income documentation or credit history to ...
  2007-11-06 06:47:00

• Futures rise on Citi appointment and Google

  CNBC - NEW YORK (Reuters) - Stock futures rose on Tuesday as investors welcomed news that Citigroup Inc has hired a financial expert to manage its subprime mortgage portfolio and a broker research firm raised its price target for Google Inc
  2007-11-06 04:24:00

• Living on Borrowed Time

  HispanicBusiness.com - Viesca began operating Buena Ventura Home Loans in 2006 as an independent, full-service mortgage broker in Ventura County, California. Mr. Viesca is approved to offer conventional loans, as well as government financing, and offers a wide variety of ...
  2007-11-06 11:41:00

• Realty Broker Rules Faulted

  Hartford Courant - The intensifying crisis in high-risk loans has led to the creation of another committee that will study whether to impose more stringent education and licensing requirements for mortgage brokers in Connecticut. A task force that Speaker of the House ...
  2007-11-05 03:53:00

• Households 'should rethink budgets'

  Sydney Morning Herald - Mortgage broker Mortgage Choice says the central bank's decision to raise interest rates should make consumers pause to consider their household budgets. The Reserve Bank of Australia (RBA) raised official rates by a quarter of a percentage point to ...
  2007-11-06 04:13:00

• WARD 5 x

  Bradenton Herald - Over the screams and shrills of "He won!", the 47-year-old real estate agent and mortgage broker said it was a great day "for me personally, for the community and for the city of Bradenton." Byrd topped incumbent James Golden, who was seeking his ...
  2007-11-06 07:40:00

• Households 'should rethink budgets' (AAP via Yahoo!7 Finance)

  Mortgage broker Mortgage Choice says the central bank's decision to raise interest rates should make consumers pause to consider their household budgets.
  2007-11-06 04:04:11

• Futures rise on Citi appointment and Google (Reuters via Yahoo! News)

  Stock futures rose on Tuesday as investors welcomed news that Citigroup Inc has hired a financial expert to manage its subprime mortgage portfolio and a broker research firm raised its price target for Google Inc to $850.
  2007-11-06 04:28:52

• Warrenton broker says high home prices to return...in 2012 (Loudoun Times Mirror)

  He considers the current housing slump the worst in his 34 years as real estate broker, but Joe Allen remains a "pessimistic optimist" because he believes the United States economy always balances things out.
  2007-11-06 07:29:07

• Realty Broker Rules Faulted (Hartford Courant)

  Panel Weighing Tighter Standards The intensifying crisis in high-risk loans has led to the creation of another committee that will study whether to impose more stringent education and licensing requirements for mortgage brokers in Connecticut.
  2007-11-06 06:54:55

• House panel endorses mortgage reform package (Reuters via Yahoo! News)

  The House of Representatives Financial Services Committee voted on Tuesday to create new consumer protection standards in the mortgage industry, which critics say dangerously eased lending standards during the recent housing boom.
  2007-11-06 04:51:48

• Dump This House: Unloading Your Property in a Slow Market

  Wall Street Journal - ... probably wouldn't be a financial disaster -- as long as you're still in the house and you can comfortably cover the mortgage. ... His advice: Ditch these emotional hangups -- and unload your property now. "If you really want to sell your house, you have ...
  2007-11-06 04:49:00

• FHA: Top 10 Reasons Why Homeowners Should Consider FHA Financing

  Best Syndication - No question about it, there's a mortgage meltdown across the country. Lenders are going out of business, mortgage standards ... Syndication is for informational purposes only and is not meant to be advice. You should always seek professional advice ...
  2007-11-06 03:44:00

• MAD ALAN GREENSPAN WITH MORE ADVICE

  OpEdNews.com - Alan, whose advice has been uniformly bad during his last term as Fed Chairman, wants no suppression of bubbles on the one ... Even the adjective (sub-prime) modifying the noun (mortgage) has an evil ring to it. Were Greenspan willing to let the ...
  2007-11-06 11:19:00

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