Mortgage and Financial News From 2007-11-25 Page 4
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UK's Telegraph: Warren Buffett Is "Potential Buyer" of Northern Rock
CNBC - Companies: Berkshire Hathaway Inc. ... Sept. 17, 2007. The Sunday Telegraph says Warren Buffett "has emerged as a potential buyer" of the troubled British mortgage ...
2007-11-25 02:24:00 -
New real estate agents enter market in hard times
Atlantic City Press - The housing industry is in a slump, many home builders are in bankruptcy, mortgage companies are fighting to survive - is this a good time to get into real estate or what? The stream of new agent announcements has slowed, but there still are a few ...
2007-11-25 12:05:00 -
UBS has 6.2 percent stake in Northern Rock
Reuters UK - He also confirmed that UBS would underwrite a 280 million pound rights issue for buy-to-let mortgage lender Paragon Group of Companies PLC, should the firm fail to find alternative ways of raising money by February. Northern Rock was forced to go to ...
2007-11-25 01:41:00 -
A softer landing
Register-Guard - A slumping housing market. Slower retail sales. Soaring foreclosures, and layoffs at some major mortgage companies. It’s been a seemingly endless string of bad news about the national economy in recent months. But, with a few exceptions, the local ...
2007-11-25 10:07:00 -
New refinancing scheme offers relief (FT.com via Yahoo! News)
Jo Anne Vail is taking obvious pleasure in setting light to her contract with Countrywide, the biggest mortgage lender in the US.
2007-11-25 02:10:10 -
Tough stance on Freddie, Fannie vindicated (FT.com via Yahoo! News)
Almost four months ago Daniel Mudd, chief executive of Fannie Mae (NYSE:FNM), appeared on US television casting the government-backed mortgage lender in the role of "a saviour" by suggesting that it be allowed to expand its lending in the unfolding subprime mortgage crisis.
2007-11-25 02:10:10 -
(AFX UK Focus) 2007-11-25 16:10 GMT: Paragon plans loan book sale to avert rights issue - report (Interactive Investor)
LONDON (Thomson Financial) - Paragon Group of Companies PLC, the beleaguered mortgage lender, is planning to sell a 140 mln stg portfolio of car loans as part of its attempts to avert an emergency rights issue, according to the Sunday Telegraph.
2007-11-25 08:23:34 -
Mortgage rises burden indebted consumers (FT.com via Yahoo! News)
Personal insolvencies could start rising again next year as higher mortgage payments cause strain on overindebted consumers, according to a new report.
2007-11-25 05:55:25 -
The Week Ahead: Take two... It's crunch time (again) at Barclays
The Independent - Like Northern Rock – though not to the same extent – the mortgage bank has tapped cheap credit markets for funding in ... The broker expects Marston's to report pre-tax profit of £97m and sales of £632m. Results: Full year – Marston's ...
2007-11-25 05:23:00 -
FEATURE-Minorities hit hardest by U.S. housing crisis
Reuters - They painted the walls, fixed the yard and made friends with the neighbors, who let the Clavon boys pick their basil. In 2005, worked with a mortgage broker to refinance his home with another fixed-rate loan. But on the night before signing, the ...
2007-11-25 03:57:00 -
Senate seems in no hurry to pass housing relief bills (Baltimore Sun)
Kenneth Harney -- Nation's Housing Thousands of Americans may be losing their homes to foreclosure or facing hefty mortgage payment resets, but Congress appears to be in no rush to offer help.
2007-11-25 12:43:48 -
Minorities hit hardest by U.S. housing crisis (Reuters via Yahoo! News)
In May, Alvin Clavon received a foreclosure notice on the simple, Spanish-style house in South Los Angeles that he shares with his wife and three boys.
2007-11-25 05:05:26 -
EDITORIAL: People focus of tax discussions
Press Republican - ... PILOT agreement comes across their desks, legislators are looking to change the county IDA's taxing-policy rules, which apply to exemptions for real-property tax, mortgage-recording tax and sales tax. They asked Jackson to seek bond-counsel advice on ...
2007-11-24 10:04:00 -
Preparing your finances for harder times ahead
AME Info - Keep your home provided the mortgage cost is reasonable for your income as you need to live somewhere. 3. Check your bank's ... The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Communications ...
2007-11-25 01:49:00 -
Legal Advice
Glasgow Sunday Mail - Legal Advice Nov 25 2007 By Derek Alexander Exclusive Top Firm's Law Girl Is £100-A-Hour Hooker A LEGAL assistant at a top ... She is responsible for researching and managing caseloads, including mortgage and property transactions. Paralegals also take ...
2007-11-24 11:37:00