Archive for June, 2007

New Data Point to a Cooler Q2

Friday, June 29th, 2007

Personal income and construction figures released June 29 prompt Action Economics to cut its GDP forecast for the quarter

Original post by AnthonyK

Fitch Rates SARM Trust $255.4MM Mortgage P-T Ctfs, 2007-6 (Business Wire via Yahoo! Finance)

Friday, June 29th, 2007

NEW YORK—-Fitch rates Structured Adjustable Rate Mortgage Loan Trust’s $255.4 million mortgage pass-through certificates, series 2007-6, as follows: $255.4 million classes 3-A1, 3-A2, R-II, 1-AP, 2-AP and 3-AP ‘AAA’.

Original post by Yahoo! News Search Results for mortgage

Stocks End Week in the Red

Friday, June 29th, 2007

Traders may have wished to lock in profits on the final trading day of the quarter

Original post by AnthonyK

Fitch Rates $286.4MM Lehman Mortgage Trust Mtge P-T Ctfs, Series 2007-6 (Business Wire via Yahoo! Finance)

Friday, June 29th, 2007

NEW YORK—-Fitch rates Lehman Mortgage Trust $286.4 million mortgage pass-through certificates, series 2007-6, as follows: $286.4 million classes 1A1 through 1A11, 2A1, 2A2, AP, AX and R ‘AAA.’

Original post by Yahoo! News Search Results for mortgage

Earnings Guidance: The Price of Silence

Friday, June 29th, 2007

S&ampP equity analysts weigh in on quarterly guidance - and what investors need to know about it

Original post by AnthonyK

BofA Acquires Seattle Mortgage Unit (AP via Yahoo! Finance)

Friday, June 29th, 2007

Bank of America Corp. said Friday it completed its buyout of Seattle Mortgage Co.’s reverse mortgage business. Financial terms of the deal were not disclosed. Seattle Mortgage is an indirect unit of Seattle Financial Group Inc.

Original post by Yahoo! News Search Results for mortgage

WaMu closing Itasca sub-prime mortgage office (Chicago Tribune)

Friday, June 29th, 2007

The local job market continues to experience fallout from problems in the nation’s subprime mortgage industry.

Original post by Yahoo! News Search Results for mortgage

BofA closes on reverse-mortgage business (BizJournals)

Friday, June 29th, 2007

Bank of America Corp. has completed its acquisition of Seattle Mortgage Co.’s reverse-mortgage business.

Original post by Yahoo! News Search Results for mortgage

Understanding Mortgage Fraud

Friday, June 29th, 2007

Mortgage fraud is quickly becoming one of the most notorious kinds of crime perpetrated in this country. In fact, recent years have seen a marked increase in the number of mortgage frauds and in the a…

Original post by default@goarticles.com (Lee Keadle)

Lauderhill man sentenced in $10 million mortgage scheme (Sun-Sentinel)

Friday, June 29th, 2007

MIAMI A Lauderhill man was sentenced to 10 years in prison Friday for what federal authorities called a $10 million scheme to defraud mortgage lenders.

Original post by Yahoo! News Search Results for mortgage