Mortgage and Financial News From 2007-10-2 Page 10

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• Dalton Investments Launches Distressed Mortgage Strategy

  Forbes - ... Dalton Investments, LLC, a SEC- registered investment management firm serving institutional and private clients, today announced that it is offering a new distressed-mortgage strategy that will buy defaulted loans from mortgage servicing companies at ...
  2007-10-02 07:46:00

• Morgan Stanley cuts 600 jobs

  CNN Money - Latest Rates Active Companies Stock Price Increases Stock Price Decreases Earnings: Reports & Estimates Hot Stocks Stock Spotlight ... NEW YORK (AP) -- Morgan Stanley said Tuesday it is cutting about 600 jobs and slimming down its mortgage business, after a ...
  2007-10-02 02:05:00

• How Hard has Credit Crunch Hit Mortgage Market?

  Best Syndication - RateEmpire provides mortgage and mortgage rate financial marketplace which connects consumers with multiple mortgage companies that compete for their business. RateEmpire is a destination site of personal finance, investing, taxes and mortgage rate ...
  2007-10-02 01:29:00

• Morgan Stanley Cuts 600 Jobs in Home-Loan Business (Update2)

  Bloomberg - Wall Street firms, which make money by packaging loans into bonds and selling them to investors, bought mortgage companies in recent years to obtain more loans, a trend that is now reversing. ``Everyone who has any mortgage business is ...
  2007-10-02 01:44:00

• Brighton Mortgage Advisors Launches HomeBenefitIQ to Provide an Innovative New Employee Benefit (PR.com)

  Companies Can Provide Real Estate Services to Employees to Enhance Their Benefit Package [PR.com - October 02, 2007]
  2007-10-02 06:59:53

• CalCORP Mortgage Program Launched to Aid Californians (PR Newswire via Yahoo! Finance)

  Millions of employees throughout the state of California who are interested in purchasing a home or refinancing their existing mortgage may be eligible for the CalCORP Corporate Mortgage Program which was launched last week.
  2007-10-02 03:00:00

• Loan servicers create new mortgage snags (AP via Yahoo! News)

  A cancer diagnosis forced Lindsey Jennings to give up his government job. With less income, Jennings feared he might lose the home he and his wife Pearl built near Atlanta almost 20 years ago. So he asked for help.
  2007-10-02 12:07:21

• Mortgage woes affect Citigroup, UBS profit (Louisville Courier-Journal)

  Citigroup and UBS warned yesterday that they suffered significant loan-related losses in the third quarter, becoming the latest and biggest banks to reveal huge ill effects from the spike in mortgage defaults and freeze-up in the credit markets.
  2007-10-02 03:14:05

• Mortgage ills afflicting banks (Sun-Sentinel)

  Citigroup, UBS expect drop in 3rd-quarter profit Citigroup Inc. and UBS AG warned they suffered significant loan-related losses in the third quarter, becoming the latest and biggest banks to reveal huge ill effects from the spike in mortgage defaults and freeze-up in the credit markets.
  2007-10-02 04:51:14

• Dalton Investments Launches Distressed Mortgage Strategy (PR Newswire via Yahoo! Finance)

  Dalton Investments, LLC, a SEC- registered investment management firm serving institutional and private clients, today announced that it is offering a new distressed-mortgage strategy that will buy defaulted loans from mortgage servicing companies at significant discounts and restructure them, providing affordable monthly payments for homeowners and a residential mortgage- and real ...
  2007-10-02 07:50:00

• HBOS sees opportunities in riskier credit world

  Reuters - LONDON, Oct 2 (Reuters) - Britain's biggest mortgage lender HBOS Plc (HBOS.L: Quote , Profile , Research ) said a readjustment of the pricing of risk following the credit crunch of recent months will provide it with "real opportunities for value ...
  2007-10-02 04:11:00

• Mortgage brokers set to benefit

  Age - The Mortgage Broker Survey 2007 says brokers will be originating half of all loans in three years, and this will increase the range of mortgage products. It expects brokers to be in high demand in resource states such as Western Australia and ...
  2007-10-02 06:49:00

• Assurant Solutions acquires Centrepoint

  Insurancetimes.co.uk - Centrepoint currently generates approximately $US10 million in annual commission and fee income through its 4,200 mortgage-broker network. Ian Moffatt, managing director, Assurant Solutions UK and Ireland: “Through this acquisition we are now a ...
  2007-10-02 07:46:00

• Mike Oliver of Bristol, R.I., sits on a 1300-pound Atlantic Giant ...

  Herald News - This darling vegetable costs Oliver some 40 to 50 hours of labor each week, but the full-time mortgage broker doesn’t mind a bit. His wife? Well, maybe a little. “I’m a pumpkin widow. That’s his mistress,” said Valerie Oliver, motioning ...
  2007-10-02 11:21:00

• Judge delays mortgage broker's trial in Cunningham bribery case ...

  Arizona Daily Star - SAN DIEGO (AP) — A federal judge has delayed the trial of a New York mortgage banker charged in the corruption case against former San Diego Congressman Randy "Duke" Cunningham. Lawyers for John Michael say their client has been diagnosed with ...
  2007-10-02 12:01:00

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