Mortgage and Financial News From 2008-6-4 Page 9
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MetLife unit buys First Horizon mortgage business - CNN Money
NEW YORK (Associated Press) - A subsidiary of MetLife Inc. on Wednesday said it will buy the residential mortgage business of a unit of First Horizon National Corp., including more than 230 retail and wholesale offices nationwide. Terms of the deal ...
2008-06-04 06:29:00 -
Lender Gets $1.4 Billion Cash Infusion (NYTimes.com via Yahoo! Finance)
The money will help Residential Capital plug a possible $2 billion cash shortage, more than triple the amount it said it needed a month ago, according to an S.E.C. filing.
2008-06-04 09:37:15 -
Mortgage turmoil snares Ed McMahon (Los Angeles Times)
2008-06-04 09:44:47 -
Call To Save Your Home (The Kentucky Post)
With the rising cost of living, predatory lending and adjustable rate mortgages, home foreclosures have become a national problem. But having problems paying your loan doesn't mean you have to lose your home.
2008-06-04 09:45:31 -
Astoria Financial Corporation to Present at Fox-Pitt Kelton Cochran Caronia Waller Investor Conference (PR Newswire via Yahoo! Finance)
Astoria Financial Corporation , announced that it will participate in the Small & Mid-Cap Bank and Insurance Conference sponsored by Fox-Pitt Kelton Cochran Caronia Waller in New York City on Tuesday, June 17, 2008.
2008-06-04 09:51:00 -
Fitch Downgrades Redwood Trust's Asset Manager Rating to 'CAM2+' (Business Wire via Yahoo! Finance)
CHICAGO----Fitch has downgraded Redwood Trust Inc.'s structured finance collateralized debt obligation asset manager rating to 'CAM2+' from 'CAM1-'.
2008-06-04 09:51:00 -
US Economic Round Up -- Service Sector Activity Rises While Mortgage Applications Drop (Nasdaq)
(RTTNews) - Wall Street was treated to a trio of key releases Wednesday morning, including some encouraging news on service sector activity and labor productivity. Any optimism may have been tempered by more data painting a dismal picture of the housing situation.
2008-06-04 09:54:48 -
Bernanke remedies fall short, experts say - Daily Oklahoman
Federal Reserve Chairman Ben Bernanke 's attempt at moral suasion Tuesday hit Oklahoma lenders as redundant and doubtful — and academic, since Oklahoma, so far, is sitting out the national mortgage crisis. Even with some relief efforts under way by ...
2008-06-01 09:24:00 -
A huge credit settlement - Long Beach Press-Telegram
If you're one of the 160 million Americans whose credit information made you the target of junk mail, TransUnion, the credit monitoring agency that made those files available to financial institutions and retailers seeking your business, has a gift ...
2008-06-02 05:58:00 -
Discounts on offer leave disappointed investors hanging on (Financial Times)
The implosion of the $300bn auction rate securities market nearly four months ago is continuing to cause huge headaches for investors, regulators and debt issuers.
2008-06-03 03:40:40 -
Refinancing Reflects Reality, According to GuideToLenders.com (PRWeb via Yahoo! News)
Homeowners surveyed by GuideToLenders.com, an online consumer resource for broker and lender information, are pointing to different reasons for refinancing as the economy changes. In 2007, more homeowners indicated that converting an adjustable rate mortgage (ARM) to a fixed rate loan was their refinancing priority. More recently surveyed consumers cited lowering interest rates or mortgage ...
2008-06-04 12:01:00 -
Squeezed older homeowners seek reverse mortgages to pay loans (The Sacramento Bee)
Pressured by a faltering economy and often burdened by loans they took out during the housing boom, more Sacramento-area homeowners are looking to reverse mortgages for an escape route. But many are finding the road blocked by the falling values of their homes.
2008-06-04 12:12:48 -
Arraignment held for man facing fraud charges (Worcester Telegram & Gazette)
WESTBORO - A Northboro man scheduled to go on trial in September for $25,000 in credit card fraud and threatening to kill the alleged victim and her family was arraigned yesterday and charged with fraudulently obtaining nearly $16,000 by using a Grafton woman's credit information.
2008-06-04 06:52:09 -
OECD expects UK economy to slow - MSN UK News
LONDON (Reuters) - Britain's budget deficit is likely to rise and the government risks breaking its own fiscal rules, the OECD said on Wednesday, suggesting Prime Minister Gordon Brown has little leeway to offer any big tax cuts. The Paris-based ...
2008-06-04 03:37:00 -
AmTrust Financial Services, Inc. Announces Quota Share Reinsurance ... - MSN MoneyCentral
NEW YORK, June 4, 2008 (PRIME NEWSWIRE) -- AmTrust Financial Services, Inc. (Nasdaq:AFSI) today announced that it has entered into a reinsurance agreement with Maiden Holdings, Ltd. (Maiden) for business written and acquired through its acquisition ...
2008-06-04 06:22:00