Mortgage and Financial News From 2008-1-15 Page 34

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• New Century can't locate 734,000 documents

  Reuters - New Century Financial Corp (NEWCQ.PK: Quote , Profile , Research ), the collapsed subprime mortgage lender, said it has failed to ... The company had been the largest independent U.S. provider of home loans to people with poor credit before filing for ...
  2008-01-15 02:00:00

• IndyMac to lay off 24 percent of its work force to slash costs

  San Francisco Gate - Mortgage lender IndyMac Bancorp Inc. said Tuesday it will slash its work force by 24 percent, laying off 2,403 employees in a bid to cut costs as it tries to weather the worsening housing slump and sagging demand for home loans. The job cuts include ...
  2008-01-15 02:43:00

• Mortgage lender IndyMac to lay off 24 percent of its work force to ...

  International Herald Tribune - LOS ANGELES : Mortgage lender IndyMac Bancorp Inc. said Tuesday it will slash its work force by 24 percent, laying off 2,403 employees in a bid to cut costs as it tries to weather the worsening housing slump and sagging demand for home loans. The job ...
  2008-01-15 02:43:00

• Northern Rock shareholder resolutions don't get enough support

  Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World Americas Europe Asia-Pacific Africa ... NEWCASTLE-UPON-TYNE — Northern Rock PLC shareholders seeking a greater say in the future of the embattled mortgage lender failed ...
  2008-01-15 11:22:00

• ASK THE MORTGAGE EXPERT: All about appraisals

  WBIR - The vast majority of home mortgage transactions will require your lender to obtain an appraisal. A healthy appraisal is a key factor in the mortgage lending process and can kill a transaction as fast as a credit score of 300. Think about why this is ...
  2008-01-15 11:51:00

• Bank of America Will Cut 650 Investment Banking Jobs (Update1)

  Bloomberg - Bank of America, the biggest U.S. bank by market value, agreed last week to buy Countrywide Financial Corp. for about $4 billion, taking over the largest mortgage lender during the worst housing slump in more than two decades. ``We knew ...
  2008-01-15 12:19:00

• It Takes A Village To Fix Citigroup

  Forbes - ... capital to replenish stores depleted by massive write-downs in holdings of mortgage ... tear of mergers during the 1990s as he built first the struggling Baltimore lender ... Back home in Lake Wobegon, where the mood has turned somber. ...
  2008-01-15 01:10:00

• Wizard hikes home loan rates

  News.com.au - WIZARD Home Loans, one of the price leaders in the Australian mortgage market in the past decade, yesterday hiked rates on its standard variable mortgage loan by 0.35 per cent. The hike is the largest by a home lender this year and further reduces ...
  2008-01-15 12:19:00

• NFCC Warns Consumers to Guard Against Foreclosure Scams - National Mortgage News

  NFCC Warns Consumers to Guard Against Foreclosure ScamsNational Mortgage News, DC - 3 hours agoThe scam artist generally looks to make a quick profit through fees or direct mortgage payments that are never passed on to the lender. ...
  2008-01-15 11:03:51

• N Rock to pay back money (14.01.08) - Age Concern

  N Rock to pay back money (14.01.08)Age Concern, UK - 3 hours agoThe portfolio of assets covering lifetime home equity release mortgages covers around two per cent of the troubled lender's assets and will be sold at a ...
  2008-01-15 11:09:53

• A really tough year for OC housing - Orange County Register

  A really tough year for OC housingOrange County Register, CA - 3 hours agoAlready limping from a slowdown in 2006, the market first got hit in March by the subprime mortgage meltdown. Then in August, it got walloped again by a ...
  2008-01-15 11:45:21

• ASK THE MORTGAGE EXPERT: All about appraisals - WBIR-TV

  ASK THE MORTGAGE EXPERT: All about appraisalsWBIR-TV, TN - 3 hours agoThe vast majority of home mortgage transactions will require your lender to obtain an appraisal. A healthy appraisal is a key factor in the mortgage lending ...
  2008-01-15 11:55:33

• Recession risk as British bills come due:James Saft - Guardian Unlimited

  Recession risk as British bills come due:James SaftGuardian Unlimited, UK - 2 hours agoAlan Cleary, of specialist mortgage lender Edeus, estimates the shortfall at about 50 billion sterling annually of loans that will now not be made. ...
  2008-01-15 12:09:23

• Beaumont couple claims Countrywide wrongly foreclosed on home - Southeast Texas Record

  Beaumont couple claims Countrywide wrongly foreclosed on homeSoutheast Texas Record, TX - 2 hours agoBy David Yates There seems to be no relief in sight for Countrywide Home Loans, as a West End couple has just filed a new lawsuit alleging that the lender ...
  2008-01-15 12:22:35

• Seniors Money Canada expands into Western and Atlantic Canada - Investment Executive

  Seniors Money Canada expands into Western and Atlantic CanadaInvestment Executive, Canada - 2 hours agoBy IE Staff Reverse mortgage lender Seniors Money Canada has expanded its operations into Western and Atlantic Canada. According to Nick DiRenzo, ...
  2008-01-15 12:57:32

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