Mortgage and Financial News From 2007-10-30 Page 15

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  • 'Subprime' curse hits Merrill hard

    Newark Star-Ledger - Mortgage companies: More than 50 mortgage lenders have gone out of business this year. New Century Financial, the nation's largest subprime lender, paid fat dividends to stockholders during the housing boom before going belly up earlier this year ...
    2007-10-30 03:02:00

  • Gov. Rendell Pushes 2 Mortgage-Aid Programs

    Pittsburgh Channel - Rendell said he hopes more companies will join PNC in providing capital. Rendell said the subprime mortgage crisis that's plaguing the nation has reached into Pennsylvania homes. "This crisis is very real across the country and very real across ...
    2007-10-30 05:32:00

  • CIR 9-months net boosted by one-off Sorgenia, HSS capital hike ...

    Forbes - The US sub-prime mortgage market problems have affected some companies in the Oakwood group, that have seen lower profit margins because of the liquidity crisis, it said. 'The new scenario requires a revisitation of the business model and expansion ...
    2007-10-30 06:01:00

  • National Automation Services, Inc Announces Additions to Board of ...

    MSN MoneyCentral - He is also an investor in early stage companies of varying kinds. -- Mr. O'Connor is a founding member of the California Association of Mortgage Brokers, and a member of the National Association of Mortgage Brokers. Prior to ...
    2007-10-30 06:01:00

  • Environmental Service Professionals, Inc. Receives National ...

    Forbes - NAMM's goal is to provide moisture/mold solutions in support of insurance companies, mortgage bankers, builders, realtors and the general public, and to become the nation's leading source of education and training for those stakeholders interested in ...
    2007-10-30 01:00:00

  • China tops global IPO charts, more to come: report

    Reuters - Other emerging markets, from Brazil to India, also boasted record IPO activity, but flotations slumped in mature markets under the weight of a credit crunch touched off by the meltdown in the U.S. subprime mortgage market. Companies in mainland ...
    2007-10-30 08:10:00

  • Tarrance sentencing set

    North Channel Sun - Les Tarrance Sr., a Woodlands resident and business owner, pleaded guilty to conspiracy to commit mail and wire fraud in mid-July after orchestrating an elaborate scam with two co-conspirators to swindle residential mortgage companies across the ...
    2007-10-30 07:41:00

  • Under fire, Merrill Lynch CEO O'Neal retires

    USA Today - ... one of the highest positions in the financial world was swift and, until last week, unexpected. In early October, Merrill Lynch announced it would write off $4.5 billion in bad debt that it had accumulated through investments in the subprime mortgage ...
    2007-10-30 07:48:00

  • China Overtakes U.S. In Companies In World's Top 10 (The Tampa Tribune)

    China Life Insurance surpassed AT&T in market value, giving China more of the world's 10 largest companies than the United States for the first time.
    2007-10-29 09:12:12

  • Home price, consumer confidence and massive losses in mortgage markets – the core deflation with inflation in food and ... (India Daily)

    The economy faces a real challenge. The Federal Reserve is faced with a big economic challenge. Lower home prices, consumer confidence and massive losses in mortgage markets have resulted in a massive stealth core deflation.
    2007-10-30 07:56:00

  • Rendell pushes 2 mortgage-assistance plans (The Patriot-News)

    PHILADELPHIA (AP) — Gov. Ed Rendell on Monday gave a big push to two state programs designed to give relief to homeowners victimized by predatory lending or facing unaffordable increases in their mortgage payments.
    2007-10-30 07:26:25

  • Let's All Blame the Rating Companies for Everything: Joe Mysak (Bloomberg.com)

    Oct. 30 (Bloomberg) -- It's the rating companies' fault. Some investors are angry at them because they didn't warn everyone about the dangers of buying asset-backed securities, the assets in this case being mortgages and other loans.
    2007-10-30 01:09:23

  • Around the Markets: A shift in the world's top 10 companies (International Herald Tribune)

    China Life Insurance surpassed AT&T in market value Monday, giving China five of the world's 10 largest companies, compared to three for the United States.
    2007-10-30 02:46:04

  • Mortgage insurance market picks up pace (MSN Money Canada)

    TORONTO (Reuters) - Canadian home buyers look poised to reap the rewards as U.S.-based mortgage insurance companies bid for a foothold in the hot domestic housing market.
    2007-10-30 08:42:12

  • Tancredo won't seek re-election

    Denver Post - Ted Harvey, a mortgage broker from Highlands Ranch; and state Sen. Tom Wiens, a businessman and cattle and horse rancher from Castle Rock. On the Democratic side, state party chair Pat Waak said that so far, only Stephen Ludwig, an at-large ...
    2007-10-29 11:56:00

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