Mortgage and Financial News From 2007-11-6 Page 4

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  • National mortgage broker system

    Boston Online - Massachusetts is one of seven states that is prepared to immediately begin using a nationwide registry that will provide a uniform licensing system for mortgage brokers, lenders and loan officers. The Nationwide Mortgage Licensing System is set to ...
    2007-11-06 11:05:00

  • Fed official warns on subprime strategy

    MSNBC - Preventing a wave of home foreclosures in the US through modifications of subprime loans has emerged as a top priority for policymakers, lenders and community groups grappling with the impact of the mortgage crisis. But doubts are emerging over ...
    2007-11-06 03:44:00

  • Central bankers see more credit pain

    Reuters - IndyMac Bancorp Inc, one of the largest independent U.S. mortgage lenders, posted a quarterly loss more than five times as big as it had projected while Commerzbank's profits undercut forecasts due to a big subprime investment write-down. Bank of ...
    2007-11-06 08:20:00

  • CREDIT WRAPUP 5-Grim warnings send ripples through money markets

    Reuters - Red ink flowed as IndyMac Bancorp Inc (IMB.N: Quote , Profile , Research ), one of the largest independent U.S. mortgage lenders, posted a third-quarter net loss of $202.7 million due to mounting delinquencies and a collapse in investor demand to buy ...
    2007-11-06 03:16:00

  • Market slows for Chandler buildings

    AZCentral.com - Businesses connected with the housing slump, such as mortgage lenders, title companies and flooring businesses, are consolidating or closing. However, Chandler has been on a commercial building spree, creating more space. At the moment, a little more ...
    2007-11-06 06:43:00

  • Property firms warn of falling prices

    The Independent - House prices fell during October for the first time in two years according to Hometrack, the property specialist, while the Council for Mortgage Lenders said mortgage approvals last month were at a 26-month low. Bovis's warning coincided with a ...
    2007-11-06 04:06:00

  • UPDATE 3-IndyMac loss dwarfs own forecast, may cut dividend

    Reuters - NEW YORK, Nov 6 (Reuters) - IndyMac Bancorp Inc (IMB.N: Quote , Profile , Research ), one of the largest independent U.S. mortgage lenders, posted a quarterly loss on Tuesday that was more than five times larger than it had projected, hurt by ...
    2007-11-06 12:38:00

  • UPDATE 1-IndyMac mortgage loss dwarfs its own forecast

    Reuters - Last: NEW YORK, Nov 6 (Reuters) - IndyMac Bancorp Inc (IMB.N: Quote , Profile , Research ), one of the largest independent U.S. mortgage lenders, on Tuesday posted a quarterly loss more than five times larger than it had projected, hurt by mounting ...
    2007-11-06 04:24:00

  • Late payments hurt IndyMac

    MSN MoneyCentral - IndyMac Bancorp, one of the largest independent mortgage lenders in the US, on Tuesday reported a quarterly loss of $202.7m, five times larger than it had forecast in September. Mounting delinquencies, late payments on loans and a collapse in ...
    2007-11-06 01:14:00

  • IndyMac Posts Wider Loss, Cuts Dividend in Half

    CNBC - , one of the largest independent U.S. mortgage lenders, on Tuesday posted a quarterly loss more than five times larger than it had projected, hurt by mounting delinquencies and a collapse in demand to buy its home loans. The company halved its ...
    2007-11-06 11:41:00

  • IndyMac loss dwarfs own forecast (Reuters via Yahoo! News)

    IndyMac Bancorp Inc , one of the largest independent U.S. mortgage lenders, posted a quarterly loss on Tuesday that was more than five times larger than it had projected, hurt by mounting delinquencies and a collapse in demand to buy its home loans.
    2007-11-06 12:30:15

  • House panel OKs bill to hold mortgage lenders more accountable (Market Watch)

    WASHINGTON (MarketWatch) -- The House Financial Services Committee on Tuesday approved a bill that would impose sweeping changes on the mortgage industry, including minimum standards for approving loans and some new liabilities on those who securitize risky mortgages.
    2007-11-06 04:48:36

  • Crunch time for rate setters

    Times Online - As the Bank of England’s Monetary Policy Committee convene for their interest rate setting meeting today, they will be conscious that consumer psychology may be at a turning point. There are still inflationary pressures in the economy, not least ...
    2007-11-06 03:44:00

  • Rate hike 'will save us pain'

    News.com.au - TREASURER Peter Costello has defended today's interest rate rise, saying the Reserve Bank did it for our own good. Mr Costello said the RBA was preventing further inflationary pressure next year when it lifted rates by a quarter of a percentage point ...
    2007-11-06 05:10:00

  • More rate gloom looms in 2008

    News.com.au - LEADING economists believe interest rates are likely to rise again in February - and possibly even next month - as strong domestic demand fuels inflationary pressures. "We're forecasting February," JPMorgan chief economist Stephen Walters said today ...
    2007-11-06 03:08:00

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