Mortgage and Financial News From 2007-11-9
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Allianz Net Rises as Insurance Cushions Banking Loss (Update3) (Bloomberg.com)
Nov. 9 (Bloomberg) -- Allianz SE, Europe's biggest insurer, reported a 21 percent increase in third-quarter profit, exceeding analysts' estimates, as lower taxes and earnings from insurance cushioned losses at Dresdner Bank.
2007-11-09 02:58:59 -
Wall Street pushes London further into red
Times Online - Standard Life lost 4 per cent to 242.5p on mounting fears it too will be hit by the collapse of mortgage backed assets. Royal Bank of Scotland lost 4 per cent to 398.25p as traders fear it will have to mount a rights issue to prop up its balance ...
2007-11-09 07:27:00 -
After 2 years' courting, Predium lures team
Dallas Business Journal - RE investments for the common Joe [Dallas] Mortgage lenders, others, freeing up office space [Dallas] Younan Properties buys Two Westlake ... Corporate tenant representation specialist John Shaunfield has joined Plano-based Predium real estate company as a ...
2007-11-09 06:37:00 -
No banking bailout
Rochester Democrat and Chronicle - But his move this week, using the Martin Act investigatory tool, to extract information from huge mortgage lenders such as Fannie Mae and Freddie Mac about property appraisals represents the kind of approach government should apply in the ongoing ...
2007-11-09 01:36:00 -
Friday's agenda
Miami Herald - Mortgage Fraud-Understanding the Costly Schemes: Seminar focuses on fraud through the perspectives of the Florida Association of Realtors, mortgage lenders and law enforcement agencies. Learn to recognize fraudulent documents, stolen identity, the ...
2007-11-09 04:06:00 -
Bricks and Slaughter
CFO.com - A touch-up job for the decorators or months of work for the builders? Like homeowners contemplating renovation, mortgage lenders on both sides of the Atlantic must work out what to do now that two of the industry's supporting joists—funding from ...
2007-11-09 05:18:00 -
Strickland lashes out at subprime lenders
Canton Repository - COLUMBUS Ohio’s governor lost his patience with mortgage lenders whom he blames for the foreclosure crisis in the state. Now his director of commerce and the state’s attorney general promise a crackdown on subprime lenders. Ohio has one of the ...
2007-11-09 12:46:00 -
Manor Care LBO a tall order for rattled lenders
Reuters - NEW YORK (Reuters) - The leveraged buyout of top nursing home operator Manor Care Inc (HCR.N: Quote , Profile , Research ) faces a major hurdle as Wall Street dealers struggle to sell bonds in the $850 billion commercial mortgage bond market ...
2007-11-09 03:38:00 -
Tighter mortgage regulation sought in Ohio
Toledo Blade - COLUMBUS - Gov. Ted Strickland first dangled a carrot before Ohio mortgage lenders, urging them to come to the table to address the state's skyrocketing foreclosure rate. Yesterday, he wielded the stick as his administration proposed tighter ...
2007-11-09 02:12:00 -
Spitzer seeks legislation to protect borrowers
Newsday - He also said he will push mortgage lenders to modify home loans on a "mass" scale to stem foreclosures. The federal government has abdicated its responsibility to regulate the mortgage industry, Spitzer said. Delinquent homeowners need private-sector ...
2007-11-09 03:02:00 -
Governor wants subpoenas issued to lenders in mortgage crisis
Mansfield News Journal - COLUMBUS, Ohio (AP) -- Ohio mortgage lenders have been put on notice: Government subpoenas and new regulatory rules will be used to address the state's burgeoning subprime mortgage crisis. Gov. Ted Strickland and Attorney General Marc Dann, both ...
2007-11-09 03:52:00 -
Ohio to crack down on mortgage lenders (Tribune Chronicle)
COLUMBUS — Ohio’s governor and attorney general said Thursday they would issue subpoenas and take other aggressive measures against subprime mortgage ...
2007-11-08 10:24:48 -
Ohio to become more aggressive with subprime mortgage lenders (WKYC Cleveland)
COLUMBUS -- Governor Strickland and Attorney General Marc Dann said today that they'll issue subpoenas and take other aggressive measures against subprime mortgage lenders.
2007-11-08 02:34:32 -
Governor wants subpoenas issued to lenders in mortgage crisis (News Journal)
COLUMBUS, Ohio (AP) -- Ohio mortgage lenders have been put on notice: Government subpoenas and new regulatory rules will be used to address the state's burgeoning subprime mortgage crisis.
2007-11-09 04:06:48 -
Ohio to get aggressive with subprime mortgage lenders (USA Today)
Ohio's governor and attorney general said Thursday they would issue subpoenas and take other aggressive measures against subprime mortgage lenders.
2007-11-08 02:22:40