Archive for September, 2008

S&P Picks and Pans: Genworth, Sovereign Bancorp, Timken - BusinessWeek

Tuesday, September 30th, 2008

Original post by Admin

Fixed Rate Mortgage Deals

Tuesday, September 30th, 2008

Fixed Rate Mortgage Deals
Fixed rate mortgage deals are some of the most common types of
home mortgage deals available in the USA. They are very easy to understand and set
up and help people know exac…

Original post by default@goarticles.com (Zeke Zongerella)

Stocks: What the Meltdown Is Telling Us - BusinessWeek

Tuesday, September 30th, 2008

Original post by Admin

What You Need to Know About Mortgage Refinancing

Tuesday, September 30th, 2008

Mortgage refinancing isn’t for everyone but it’s a good idea to look into refinancing if:

• Your current mortgage is an adjustable rate mortgage (arm) and the interest rate you pay …

Original post by default@goarticles.com (Regina Gardner)

Vertex Builds on its Success with Appointment of New Managing Director for its Mortgage Division

Tuesday, September 30th, 2008

VERTEX has appointed Mark Charlesworth as Managing Director for its Mortgage Division. He will become a member of the Vertex Senior Management team reporting directly to Vertex’s Chief Operating Offic…

Original post by default@goarticles.com (Vertex)

Movers: Genworth Financial, Reliant Energy, Sovereign Bancorp - BusinessWeek

Tuesday, September 30th, 2008

Original post by Admin

2 Indicted In Arizona Mortgage Fraud Scheme

Tuesday, September 30th, 2008

Kimberly R. Werking, 42, Phoenix, Arizona, and Jeffery Z. Sayegh, 44, Cave Creek, Arizona, were indicted on five counts of forgery, one count of money laundering and one count of fraudulent schemes and artifices.  Werking was also indicted on six counts of residential mortgage fraud, five counts of theft and one count of illegal control of an enterprise.&nbsp

The charges, all felonies, relate to the defendants’ alleged equity “skimming” operation in …

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Original post by default@goarticles.com (Rich Bendall)

Economists Look to Rate Cuts, Second Financial Rescue Package for Hope

Tuesday, September 30th, 2008

After failing to pass a bill geared at kick starting the financial
system in the United States on Monday, market participants are looking
for help from central bankers in the form of rate cuts
and a return of the failed bill as early as Thursday.

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Original post by Darin

Current Events Could make the World a Better Place

Tuesday, September 30th, 2008

The New York Times′ Julie Creswell and Ben White said it
is “The end of an era.

They describe yesterday’s Wall Street as “a world of big egos…where
people love to roll the dice with borrowed money…in search of ever-
higher returns,” and what those returns can buy.  A place where private
equity firms “amassed giant funds and went on a shopping spree, snapping
up companies as if they were second wives buying Jimmy Choo shoes on
sale.”

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Original post by Darin

Case-Shiller Home Price Index Continues to Decline in July

Tuesday, September 30th, 2008

The S&P Case-Shiller home price index fell more than
expected
in the July as the 20-city composite index posted an
annual decline of 16.3%, extending the prior month’s 15.9% decline.

The Case-Shiller index has fallen every month since peaking in July
2006, but economists say the rate of decline may be slowing, as evidenced
by the three-month annualized rates.

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Original post by Darin