Mortgage and Financial News From 2008-5-29 Page 7
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FTSE 100 movers: Fink leaves Man on a high (ShareCast via Yahoo! UK & Ireland Finance)
Deputy chairman and driving force Stanley Fink announced his departure from hedge fund manager Man Group as it produced bumper figures sending its shares to the top of the FTSE 100 leaderboard.
2008-05-29 08:14:00 -
US Financial Stocks Flat Overall, But Countrywide Rallies (INO News)
Shares of Countrywide Financial Corp. (CFC) rose over 8% Thursday after the Securities and Exchange Commission declared effective a registration of 132.8 million shares of Bank of America Corp. (BAC) to be issued during its merger with the mortgage lender.
2008-05-29 08:35:41 -
Where's my mortgage gone? (BBC News)
The days of easy money and cheap mortgages are over, as the credit crunch has led to higher interest rates.
2008-05-29 09:30:56 -
QUICK POLL (GlobeSt.com)
Can a branding shift help a real estate firm during a downturn?
2008-05-29 10:17:35 -
Company ordered to pay $1.2M for mortgage scam (East Valley Tribune)
A Maricopa County Superior Court judge has ruled that a Chandler-based enterprise called Virtual Realty Funding Co. and its owner, Kenneth D. Perkins, violated state consumer-fraud and banking laws and ordered them to pay $1.2 million in restitution and civil penalties, according to Attorney General Terry Goddard.
2008-05-29 11:27:34 -
Consumers More Satisfied With Home Equity Loan Process, Survey Shows (INO News)
(RTTNews) - In the face of the worst housing slump since the Great Depression, a sliver of bright light was released Thursday.
2008-05-29 01:21:18 -
Keep foreclosure at bay from the unscrupulous (Fernandina Beach News-Leader)
Dan McCranie, a personal injury attorney in downtown Fernandina Beach, was unfamiliar with real estate law when Willie Mae Johnson walked into his office on April 26, 2007.
2008-05-29 02:19:15 -
Wayzata Man Guilty of Mortgage Fraud, Laundering $8M (FOX 9 News Twin Cities)
A Wayzata man has pleaded guilty to mail fraud and money laundering in Minneapolis federal court Thursday for a mortgage fraud scheme totaling $8 million.
2008-05-29 02:25:05 -
Bear Stearns wipeout signals sea change - CNN Money
(Fortune) -- Bear Stearns will soon be gone, but the brokerage firm's near collapse will live on as the moment it became impossible to ignore the mortgage mess. Shareholders of the New York-based brokerage firm are due to vote Thursday morning on ...
2008-05-29 04:20:00 -
50 Plus! Is a Reverse Mortgage Right for You? - Oakland Press
It may sound hard to believe in this economic climate, but one part of the mortgage industry is doing well. A reverse mortgage allows homeowners 62 and older to convert part of their home equity into tax-free income. Instead of the home owner making ...
2008-05-29 05:10:00 -
MGIC seeks shareholder approval on stock issuance - CNBC
NEW YORK (AP) - Mortgage insurer MGIC Investment Corp. said Thursday it will ask shareholders to approve a plan to convert preferred shares to common stock and increase the authorized number of shares the company can sellto 460 million from 300 ...
2008-05-29 05:24:00 -
UK house prices down 2.5 pc in May - Boston Globe
LONDON— House prices in Britain fell by 2.5 percent in May, the largest one-month drop in 17 years, a major mortgage lender said Thursday. The survey by the Nationwide Building Society said prices are now 4.4 percent lower on average than a year ...
2008-05-29 04:49:00 -
Ahead of the Bell: Analyst upgrades MFA Mortgage - MSN MoneyCentral
NEW YORK (AP) - MFA Mortgage Investments Inc.'s $278 million common stock offering led an analyst to boost his rating and price target on the real estate investment trust Thursday and predict the move will add 2.5 cents to quarterly earnings. Keefe ...
2008-05-29 05:32:00 -
UPDATE: Sears Still Has A Long Way To Go To Right Its Ship: Analysts (Nasdaq)
NEW YORK (Dow Jones) -- Billionaire hedge fund investor Edward Lampert's struggling Sears Holdings Corp. said Thursday it would repurchase another $500 million of shares and gave its first earnings forecast for this year, projecting a higher adjusted profit after a drop in the previous year.
2008-05-29 12:10:30 -
Directory of Resident Screening and Payment Software Providers (Multi-Housing News)
Providers of resident screening and payment software provide important tools for the multi-housing industry. Compiled by Multi-Housing News, this directory is designed to simplify the selection process, inviting each provider to share their product's performance edge and its key features.
2008-05-29 12:12:14