Mortgage and Financial News From 2008-1-29 Page 17

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• Charges Clobber Centex

  Street.Com - The housing market continues to correct and tighter mortgage underwriting standards are affecting home prices," Centex CEO Tim Eller said in a statement. Cancellation rates on Centex's home orders fell 550 basis points from a year earlier to 33 ...
  2008-01-29 02:48:00

• Bank of ABQ parent grows in 4Q

  New Mexico Business Weekly - ... Ruhl named Bank of Albuquerque CEO [Albuquerque] Bank of Albuquerque parent acquiring Texas bank [Albuquerque] Luxury home mortgage ... BOK Financial Corp. , parent of the Bank of Albuquerque , bucked industry trends and showed growth in the fourth quarter ...
  2008-01-29 02:33:00

• Centex 3Q Loss Swells to Nearly $1B

  Forbes - The housing market continues to correct and tighten mortgage underwriting standards are affecting home prices," said Chief Executive Tim Eller. The Dallas-based company posted a loss of $975.2 million, or $7.94 per share, in the quarter ended Dec. 31 ...
  2008-01-29 02:48:00

• Democrats, Rell differ on tax break package

  Newsday - The lawmakers said at a news conference that their plan is intended to help businesses and low-income residents cope with rising prices for food and fuel, home mortgage troubles and other setbacks that threaten the state's economy. Williams said the ...
  2008-01-29 02:05:00

• Hidden victims of mortgage crisis: Pets abandoned by their owners ...

  International Herald Tribune - STOCKTON, California : The house was ravaged — its floors ripped, walls busted and lights smashed by owners who trashed their home before a bank foreclosed on it. Hidden in the wreckage was an abandoned member of the family: a starving pit bull ...
  2008-01-29 04:13:00

• QuestSoft, Calyx Simplify Compliance for Lenders

  Forbes - Laguna Hills, Calif.-based QuestSoft is a compliance-software development firm specializing in the Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), flood determination and complete compliance management to more than 1,500 banks ...
  2008-01-29 08:57:00

• Oriental Financial Group and Primerica Financial Services Announce ...

  MSN MoneyCentral - ... Services, a wholly owned subsidiary of Citigroup, announced today that they had entered into an exclusive alliance in which Oriental will be the supplier of a mortgage platform and related services for Primerica in its program to market home loans ...
  2008-01-29 12:32:00

• Feds Investigate Wall Street's Mortgage Mess

  Forbes - The Banking Committee is holding a hearing Thursday on how to prevent mass home foreclosures. Meanwhile, the U.S. Securities and Exchange Commission has been probing the mortgage business. Goldman Sachs (nyse: GS - news - people ...
  2008-01-29 02:48:00

• FBI probes 14 companies over home loans

  Seattle Post Intelligencer - Agency officials did not identify the companies under investigation but said the wide-ranging probe, which began in spring 2007, involves companies across the financial services industry, from mortgage lenders to investment banks that bundle home ...
  2008-01-29 03:52:00

• American Home Mortgage asks to sell LI building

  Newsday - In the how-much-space-can-the-market-absorb department, observers might be interested to note that the building occupied most recently by the defunct mortgage lender American Home Mortgage may be coming on line like an early Valentine's Day gift ...
  2008-01-29 02:52:00

• Nearly 45,000 'to lose home in 2008'

  MSN UK News - Around 123 homes will be repossessed every day this year as people struggle to keep up with mortgage repayments. The Royal Institution of Chartered Surveyors (RICS) said just under 45,000 people will lose their homes during the year as the cost of ...
  2008-01-29 05:25:00

• Real Estate Not Without Bright Spots - CNNMoney.com

  Real Estate Not Without Bright SpotsCNNMoney.com - 45 minutes agoReal estate stocks and funds continue to lag in performance, thanks to fallout from the subprime mortgage meltdown. But there are a few signs that the worst ...
  2008-01-29 05:14:30

• USG shares increase 2 percent despite $28 million fourth-quarter loss - Medill Reports

  USG shares increase 2 percent despite $28 million fourth-quarter lossMedill Reports, IL - 41 minutes ago"High inventories of unsold homes, tighter mortgage lending practices and a decline in residential repair and remodeling activity caused wallboard shipments ...
  2008-01-29 05:18:52

• Alternative Energy, Green Jobs, and Economic Stimulus - Triple Pundit

  Alternative Energy, Green Jobs, and Economic StimulusTriple Pundit, CA - 38 minutes agoAh yes, we remember the early nineties fondly and the phrase that in recent weeks has been resurrected in the wake of high energy prices and the mortgage ...
  2008-01-29 05:21:29

• US 10-city home price drop a record in Nov: S&P - Reuters

  US 10-city home price drop a record in Nov: S&PReuters - 38 minutes agoBy Al Yoon NEW YORK (Reuters) - Home prices in 10 major metropolitan areas fell a record 8.4 percent in the year through November, suggesting the housing ...
  2008-01-29 05:21:33

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