Mortgage and Financial News From 2007-10-2 Page 13

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• Irish Government Launches Program To Provide Life Insurance To People With HIV, Hepatitis C Through Contaminated Blood ... (Medical News Today)

  The Irish government on Thursday launched a program to provide life insurance, mortgage protection and travel insurance to people who contracted HIV or hepatitis C through contaminated blood products, Ireland's Evening Echo reports (Evening Echo, 9/27). In the mid-1980s, about half of Ireland's 500 hemophiliacs contracted HIV or hepatitis C from the nation's blood supply. [click link for full ...
  2007-10-02 01:12:45

• Mortgage REIT Care Investment secures $300M warehouse credit line from ...

  CNBC - That shrunk the pool of money available to lenders to make future loans. Care Investment mostly invests in health care commercial mortgage debt and real estate. Shares of Care Investment Trust gained 25 cents, or 2.1 percent, to $12.11 in morning ...
  2007-10-02 07:17:00

• Lenders taking big risks to stay in the market

  Australian Broadcasting Corp. - The events which started with the US subprime crash have forced up the cost of funding for the mortgage lenders. Many are now writing unprofitable loans. Over time, the competition they offer the big banks is almost certain to wane. And that could spell ...
  2007-10-02 07:17:00

• Lending Solutions Hits 10,000th Mortgage Loan Application in 2007

  Forbes - LSI's customized mortgage program offers complete end-to-end mortgage solutions. For those lenders looking to support their already existing mortgage lending operation, each level of participation can also be contracted separately to suit each client ...
  2007-10-02 06:06:00

• PA Commission for Women Rallies Support for Criminalizing Marital ...

  Forbes - Under the jurisdiction of the PA Human Relations Commission, HB 280 and SB 280 would make it illegal for owners, real estate brokers or agents, mortgage lenders or any other person to refuse to rent, sell or finance a home or apartment to individuals ...
  2007-10-02 07:03:00

• Bank of England snubbed again in £10bn loan offer

  Times Online - It spurred speculation that UK mortgage lenders in need of wholesale funding are exploiting the low interest rates, and anonymity, on offer at the ECB. It is thought that UK banks took up a large slice of the €190 billion lent by the ECB last week ...
  2007-10-02 08:15:00

• Quatrro eyes US gaming company

  Hindustan Times - The company recently acquired the onshore-offshore loan processing operations of Preferred Financial Group, Inc. Using this as a base, Quatrro plans to provide end-to-end services to US mortgage lenders. Preferred Financial Group is a privately held ...
  2007-10-02 09:55:00

• Florida Real Estate: Poster Child Of Housing Crash?

  CNBC - The rest were folks from banks, hedge funds, and mortgage lenders. It's like when more "industry" shows up at a Madonna concert than actual fans. They all wanted to watch the bleeding begin and see just how fast it flowed. Prices are falling fast ...
  2007-10-02 11:28:00

• Morgan Stanley scales back mortgage business

  Marketwatch - During the recent housing boom, this securitization of subprime mortgages and other home loans was a lucrative business for investments banks. It became so attractive that some firms acquired subprime mortgage lenders so they could originate loans in ...
  2007-10-02 11:13:00

• Sector Roundup: Regional Banks, Gold

  CNBC - NEW YORK (AP) _ Shares of mortgage lenders mostly rose Tuesday as investors shrugged off more evidence of a decaying housing market. NEW YORK (AP) _ Shares of oil companies fell Tuesday as oil prices continued their slide, falling back under $80 a ...
  2007-10-02 11:42:00

• Women Forced Out of Their Jobs For Reporting Fraudulent Sub-Prime Home ...

  Forbes - Six brave women who worked for one of the nation's largest sub-prime home mortgage lenders, Lehman Brothers subsidiary BNC Mortgage Inc., spoke out about fraudulent mortgage lending practices, and were viciously harassed for their trouble. In a ...
  2007-10-02 11:21:00

• Miners suffer as banks return to favour

  Financial Times - Sector rotation was the name of the game on Tuesday as investors took profits in mining stocks and looked to buy consumer or interest rate-sensitive equities. Mortgage lenders HBOS and Alliance & Leicester were among the best performers. They gained ...
  2007-10-02 01:01:00

• Morgan Stanley Shuffles Mortgage Unit (AP via Yahoo! Finance)

  Morgan Stanley said Tuesday it is cutting about 600 jobs and slimming down its mortgage business, after a credit crisis upended the home loan industry this summer and forced other investment banks into similar moves.
  2007-10-02 01:17:44

• Enis: Beware some lenders (The Deming Headlight)

  Predatory subprime mortgage lenders have contributed to national lending crises that feature dead-in-the-water home sales, which in turn have led toward a huge downturn in the housing market, said Linda Enis, Deming City Council member and executive director of the Luna County Housing Corp.
  2007-10-01 11:26:23

• Fed's Cut in Interest Rate Could Be Pitfall for Cash Investors

  The Ledger - The Federal Reserve lowering the short-term rates it controls could help borrowers, especially those with adjustable-rate mortgages. But savers might need to rethink their strategies. The bad news: "Yields will come down on cash investments," said ...
  2007-10-02 02:52:00

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