Mortgage and Financial News From 2008-6-4 Page 01
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Ulmer & Berne LLP's New Subprime Task Force Represents National and ... - Forbes
Ulmer & Berne LLP announces the creation of its new Subprime Task Force formed to address the issues created by the subprime mortgage crisis. The Firm's nationally recognized business and litigation attorneys have the depth and expertise to advise ...
2008-06-03 08:39:00 -
Home prices stable here - St. Cloud Times
St. Cloud home prices appear to be stabilizing, according to a recent report by the Office of Federal Housing Enterprise Oversight, which uses loan data from Federal Home Loan Mortgage Corp. and Fannie Mae. Where the two-county St. Cloud area saw ...
2008-06-04 10:42:00 -
Pension Plans Say Thank You Subprime for Return to Overfunded - Bloomberg
June 4 (Bloomberg) -- The subprime-mortgage crisis that crushed home sales and financial stocks during the past year was a boon to at least one group of investors: pension plans at some of the largest U.S. companies. The global credit shortage and ...
2008-06-04 11:04:00 -
Mortgage Crisis - Daily Business Review
s home foreclosure cases piled up in his court, Miami-Dade Circuit Judge David C. Miller began to notice more affidavits from mortgage lenders stating they couldn’t locate the borrowers. “The ones that caught my attention very early on were the ...
2008-06-04 11:25:00 -
McCain Changes His Tone on Economy to Woo Voters in Michigan - Bloomberg
June 5 (Bloomberg) -- In January, John McCain campaigned for the Republican nomination in Michigan by giving voters in the economically depressed state a taste of his signature ``straight talk'': some of the jobs they've lost won't be coming back ...
2008-06-04 09:09:00 -
Local Banks Regain Mortgage Business - Wall Street Journal
During the housing boom, local banks and thrifts struggled to compete for mortgage business with aggressive brokers and national lenders. Now, some community banks are regaining market share as those rivals scale back or go out of business. Hingham ...
2008-06-04 08:34:00 -
Thousands may lose homes in mortgage pinch (Business Day)
AUCTION company Alliance Group estimated yesterday more than 55000 families would suffer mortgage stress by September and 8000 could lose their houses amid signs that debt levels, particularly in the middle income group, are rising rapidly.
2008-06-04 11:37:50 -
More than 35% of Sault homeowners have burned mortgages (The Sault Star)
THE SAULT STAR More than one-third of Sault Ste. Marie homeowners live mortgage-free. Statistics Canada, in a report based on 2006 census data, released Wednesday, reveals 69.3 per cent of households in the Sault are in homes owned by their occupants, about the same as five years earlier, [...]
2008-06-04 11:38:31 -
Pressures mount for Canyon Lake councilman (The Press-Enterprise)
First, Canyon Lake Councilman Frank Kessler lost his committee posts in the wake of a sheriff's investigation into alleged misuse of his city-issued credit card. Then, he lost his position as vice mayor.
2008-06-04 11:45:55 -
CEDAR HILL: Flood buyouts to proceed (Jefferson County Journal)
Although Tom Lyons' home in Stovesand Subdivision in Cedar Hill didn't fare as bad in the flood waters as his neighbors' homes, he will still be moving out of harm's way.
2008-06-04 11:49:50 -
King May Be More Irritant Than Ally for Brown in Next BOE Term (Bloomberg.com)
June 5 (Bloomberg) -- Mervyn King may be more irritant than ally for Gordon Brown , who made him Bank of England governor five years ago and appointed him to a second term that begins next month.
2008-06-04 11:51:39 -
RPT-UK mortgage group CML names BoI director as chief - Reuters
LONDON, June 3 (Reuters) - UK mortgage lobby group the Council of Mortgage Lenders on Tuesday named Richard Brown from Bank of Ireland (BKIR.I: Quote , Profile , Research ) as its acting chairman. Steven Crawshaw this week stepped down as CML ...
2008-06-03 06:37:00 -
GMAC-RFC defends quality of loans after Bradford & Bingley forced to ... - International Herald Tribune
LONDON : GMAC-RFC Ltd. defended the quality of its loans on Tuesday after Bradford & Bingley PLC revealed rising mortgage defaults and declining earnings — in part due to higher arrears from loans it bought from the British subsidiary of U.S.-based ...
2008-06-03 08:32:00 -
National business briefs: Yahoo makes plans amid criticism (The Kansas City Star)
Yahoo Inc. President Sue Decker laid out plans Wednesday for building the company's online advertising operations, and Yahoo announced several new partnerships. Among them were a deal to sell all of the display and video advertising on Walmart.com and another under which it will stream TV shows from CBS Corp.
2008-06-04 08:24:14 -
Obama names a Kennedy to help pick vice president (Fort Worth Star-Telegram)
By NEDRA PICKLER Barack Obama turned to the hunt for a running mate Wednesday, with Hillary Rodham Clinton's supporters urging him to put her on the ticket now that she's decided to back his inevitable nomination. Obama indicated he would at least consider his long-running rival for the No. 2 slot. "Senator Clinton would be on anybody's short list, obviously," he told CBS News, adding they ...
2008-06-04 09:58:06