Mortgage and Financial News From 2008-2-8 Page 13

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• Three injured in Oak Hill ‘chain reaction’ crash (The Register-Herald)

  Three people were taken to hospitals after a “chain reaction” crash in Oak Hill on Thursday, and city police say impatient motorists resorted to dangerous methods of getting around a resulting traffic jam.
  2008-02-08 07:46:13

• Capital letters

  Guardian Unlimited - Both South Pacific and Future are part of the mortgage code and are members of the Council of Mortgage Lenders. Future says its contract is identical to South Pacific's. So Turner is going to court. Citigroup believes "we acted promptly in accordance ...
  2008-02-08 03:26:00

• Another Bank Cuts Lending Rate

  Ananova - Alliance & Leicester has become the latest bank to cut its mortgage rate following Thursday's Bank of England interest base rate cut. Many of the UK's mortgage lenders revealed beforehand that they would be passing on any reduction in full. The speed ...
  2008-02-08 07:08:00

• Mortgage defaults on the rise in UK

  Stuff - British home repossessions last year hit their highest level since 1999 and are likely to increase, the Council of Mortgage Lenders says. The trade group said more than 27,000 homes were repossessed in 2007 and forecast repossessions would rise to a ...
  2008-02-08 05:49:00

• SEC and federal prosecutors turn up the heat on Merrill Lynch

  Times Online - The investigations into Merrill Lynch are only a portion of multiple cases being built against the firm and its competitors. The city of Cleveland, Ohio, is suing 21 Wall Street firms, claiming that they encouraged mortgage lenders to keep making ...
  2008-02-08 02:36:00

• Ex-Unit Of FBR Plans 10% Staff Cut

  Washington Post - The investment bank's underwriting business in mortgage lenders, which at its peak represented 30 percent of its business, made up 1.5 percent as of October. Despite the troubles, FBR Capital Markets believes it can continue to distinguish itself ...
  2008-02-08 07:15:00

• Lenders told to ease mortgage pain in government plan

  News.com.au - BANKS will be forced to help disgruntled customers set up accounts with their competitors under a Rudd Government plan to pacify the mortgage belt. Treasurer Wayne Swan will also announce today an independent review of bank fees, which will include a ...
  2008-02-08 02:57:00

• Forecast of tough year ahead after lenders repossess 27,000 homes

  Guardian Unlimited - The government was under pressure last night to help people struggling to pay their mortgages, after last year's highest number of home repossessions in eight years prompted fears of worse to come as the property market cools. The Council of Mortgage ...
  2008-02-08 05:49:00

• Oak Ridge Financial Services Announces Record Fourth Quarter ... - Trading Markets (press release)

  Oak Ridge Financial Services Announces Record Fourth Quarter ...Trading Markets (press release), CA - 2 hours agoThe Company experienced increases in all noninterest income categories, with particularly strong growth in service charges on deposit accounts, mortgage ...
  2008-02-08 04:44:21

• Research and Markets: New Report Examines Current Issues Facing ... - FOXBusiness

  Research and Markets: New Report Examines Current Issues Facing ...FOXBusiness - 2 hours agoWho are the biggest lenders? What will be the size of the sector in the next five years? This report provides the answers. Covers the residential mortgage ...
  2008-02-08 04:58:18

• Small Businesses Feeling Lending Pinch - HispanicBusiness.com

  Small Businesses Feeling Lending PinchHispanicBusiness.com, CA - 2 hours agoFed data shows lenders have increased credit standards for small business loans at a rate not seen since Sept. 11, 2001, making small businesses loans more ...
  2008-02-08 05:06:47

• Lenders impose more stringent checks on borrowers - Financial Times

  Lenders impose more stringent checks on borrowersFinancial Times, UK - 1 hour agoBy Sharlene Goff Borrowers could see their credit card limits cut and mortgage choice dwindle even if they have spotless credit records, as lenders seek to ...
  2008-02-08 06:09:46

• As foreclosures rise, so does help - Minneapolis Star Tribune (subscription)

  As foreclosures rise, so does helpMinneapolis Star Tribune (subscription), MN - 1 hour agoAs subprime mortgage woes surged at year-end 2007, lenders moved to stem the rate of defaults. But some question the efficiency of the efforts. ...
  2008-02-08 06:18:14

• Repossession of homes hits eight-year high - Financial Times

  Repossession of homes hits eight-year highFinancial Times, UK - 1 hour agoBy Norma Cohen Home repossessions in the UK rose in the second half of 2007 to their highest for eight years, Council of Mortgage Lenders figures showed ...
  2008-02-08 06:20:18

• New Australian regulations for changing banks - Radio Australia

  New Australian regulations for changing banksRadio Australia, Australia - 1 hour agoThe Australian Securities and Investments Commission has been ordered to conduct a review of mortgage exit charges, in a bid to highlight lenders with ...
  2008-02-08 06:35:02

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