Mortgage and Financial News From 2007-12-28 Page 11

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  • Webster Reorganizes Mortgage Banking

    Forbes - With $16.8 billion in assets, Webster provides business and consumer banking, mortgage, insurance, financial planning, trust and investment services through 179 banking offices, 339 ATMs, telephone banking and the Internet. Webster Bank owns the ...
    2007-12-28 01:02:00

  • Home Sales Plummet As Prices Keep Rising (The Commercial Record)

    As 2007 draws to a close, prices are still reaching new heights, while the number of sales has fallen to a 10-year low. Bradley, Lanzilli Join William Raveis Staff Sean Bradley and Diane Lanzilli have joined William Raveis Real Estate, Mortgage & Insurance’s Danbury office as the Bradley/Lanzilli sales team.
    2007-12-28 05:45:14

  • Popular business directory searches (The Weatherford Democrat)

    Insurance investigators examining fraud are expecting and preparing for a rash of arson cases. Such incidents caused by homeowners, hard on their luck, and attempting to avoid foreclosures and increasing monthly payments as the subprime mortgage crisis grows.
    2007-12-28 08:41:22

  • Webster Reorganizes Mortgage Banking (PR Newswire via Yahoo! Finance)

    Webster Bank, National Association, a subsidiary of Webster Financial Corporation announced today plans to reorganize and streamline its Mortgage Banking Group to maximize support for Webster's direct and retail banking activities.
    2007-12-28 12:57:00

  • Buffett Swoops Into Bond Insurance (Forbes)

    As established players lick their credit-crunched wounds, Berkshire grabs a piece of their turf.
    2007-12-28 12:12:06

  • Webster Financial to reorganize mortgage banking operations (Sharewatch)

    SAN FRANCISCO (Thomson Financial) - Webster Bank National Association, a subsidiary of Webster Financial Corp., said late Friday it will reorganize its mortgage banking group and focus on direct-banking activities.
    2007-12-28 01:31:24

  • Credit crisis takes its toll as property market cools

    The Independent - Nationwide, Halifax and the Council for Mortgage Lenders predict house price growth at or close to zero for 2008. Even so, the BBA reported that the consumer's appetite for debt-driven spending, even before December's cut in base rates and the pre ...
    2007-12-27 03:55:00

  • A grim November for U.S. home sales

    International Herald Tribune - Home loans have been harder to come by after lenders tightened their standards in response to the subprime mortgage crisis. Americans now appear to be holding out for real estate prices to drop even further in 2008, creating a buyer's market and ...
    2007-12-28 12:05:00

  • Seasons greenings

    Chicago Sun-Times - THE PHRASE "safe as houses" wasn't officially retired, but plenty of mortgage lenders were. It was like watching one of those Las Vegas casinos being imploded: Big building stands there one minute, there's a puff of smoke, then a pile of rubble. So ...
    2007-12-28 04:41:00

  • Can someone explain by getting a lower mortgage rate will make the ...

    Commerce Journal - 20+ years as a direct mortgage lender Mazziatplay is right on. You are going to pay the lender at one end or the other. And please don't go to bottom feeder mortgage lenders that spam in here for business. Oregon Realtor
    2007-12-28 06:43:00

  • Heebner Sees Fund Gains More Challenging as U.S. Economy Slows

    Bloomberg - Heebner has also profited from declines at Countrywide Financial Corp. and Sears Holdings Corp. as mortgage lenders and retailers are hurt by a slump in housing. CGM Focus Fund tripled its short position in Countrywide to 12.3 million and sold short ...
    2007-12-28 06:43:00

  • Valley slammed by 'wave' of default notices

    San Jose Business Journal - Mortgage lenders on Santa Clara County properties filed more than 6,200 notices of default in 2007, more than double the number they filed last year, according to newly released year-end data from The Blue Sheet. Moreover, according to the ...
    2007-12-28 11:08:00

  • Bear Stearns CEO sells $15.4M in stock

    Boston Globe - Bear Stearns has been at the heart of this year's liquidity crisis, which has pushed scores of mortgage lenders out of business, bled more than $100 billion from Wall Street's books, and coaxed the Federal Reserve to cut interest rates by a full ...
    2007-12-28 10:25:00

  • Poll: Homebuilders to face most distress in 2008

    MSN MoneyCentral - Other predicted struggling businesses include mortgage lenders (35 percent of respondents) and residential loan origination and servicing firms (32 percent). Concern for the automotive industry took a backseat, with less than a third of respondents ...
    2007-12-28 12:12:00

  • Valley slammed by 'wave' of default notices (BizJournals)

    Mortgage lenders on Santa Clara County properties filed more than 6,200 notices of default in 2007, more than double the number they filed last year, according to newly released year-end data from The Blue Sheet.
    2007-12-28 11:28:01

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