Mortgage and Financial News From 2008-9-3 Page 01
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News in Brief - Newport News-Times
Harold Hailey has joined AmeriFirst Mortgage Solutions in Lincoln City as a mortgage broker. Hailey operates out of the main office at 2135 NW Highway 101 in Lincoln City, where he handles all types of residential and investment real estate loans ...
2008-09-03 10:32:00 -
GMAC Mortgage to close offices, cut 5,000 jobs - Philadelphia Inquirer
GMAC subsidiary Residential Capital L.L.C. in Fort Washington said today that it will eliminate 5,000 jobs in its residential mortgage operations. Details were not immediately available on how many cuts will happen in the Philadelphia region, where ...
2008-09-03 10:10:00 -
Borrowers in negative equity to be left out in the cold - Times Online
The Government's £200m mortgage rescue package will do little to ease the suffering of struggling homeowners in negative equity, commentators have warned, as they could be effectively barred from the scheme even if they desperately need to raise ...
2008-09-03 08:16:00 -
NEXT Registered Representative, Todd Rustman, Is Hailed As One of the ... - Forbes
NEXT Financial Group, Inc. registered representative, Todd Rustman, is recognized as one of Worth magazine's Top 250 Wealth Advisors for 2008(1). This is the second year in a row that Rustman is celebrated by Worth magazine. Last year, Todd made the ...
2008-09-03 02:49:00 -
Fence-sitters skew mortgage figures: broker - The Age
AUSTRALIA'S largest mortgage broker has said its new mortgage sales in Victoria fell by 18.4% last month. AFG said the take-up of new mortgages nationally fell 20% in August, and it was the first time since December 2006 that the total value of sales ...
2008-09-03 06:35:00 -
Investors say CVS offer undervalues Longs (San Francisco Chronicle)
Investors claim CVS offer undervalues Longs holdings An investment group that works with union-sponsored pension funds said it suspects that real estate assets owned by Longs Drug Stores Corp. were undervalued in CVS Caremark Corp.'s $2.9 billion offer for...
2008-09-03 09:18:35 -
Wall Street mixed on global economic worries (Asheville Citizen-Times)
NEW YORK (AP) -- Wall Street finished mixed in fickle trading Wednesday, with investors unsettled about the economy ahead of Friday's employment report and only somewhat relieved about sliding commodities prices....
2008-09-03 09:22:09 -
RWC 2011 venue announcement (Scoop.co.nz)
“We’re delighted that the bronze medal match will be held at Eden Park, and congratulate Wellington and Christchurch on being awarded the quarterfinals.
2008-09-03 09:35:06 -
Regional News Briefs (Milwaukee Journal Sentinel)
MILWAUKEE COUNTYDrunken driving charges sought in deathBrown Deer police on Wednesday were seeking drunken driving homicide charges against a 26-year-old man being held in the weekend hit-and-run death of a woman on N. Green B...
2008-09-03 09:37:58 -
2 Wall St. brokers accused of $1B subprime fraud (The Standard-Times)
NEW YORK — A former Wall Street broker pleaded not guilty Wednesday to charges he and a colleague duped investors into purchasing more than $1 billion in high-risk securities by making it look as though the trades were protected by the federal...
2008-09-03 10:08:20 -
GMAC plans major job cuts (Detroit News)
MAC Financial Services said it is cutting 5,000 jobs at its troubled Residential Capital mortgage lending subsidiary and will close all 200 GMAC Mortgage retail offices -- including 14 in Michigan -- the latest sign of continuing woes in the housing sector.
2008-09-03 10:16:24 -
Pearl Plaza plans roll to a halt again (Daily Breeze)
A mixed-use complex planned for a dated stretch of Pacific Coast Highway in south Redondo Beach stalled before the City Council again this week.
2008-09-03 11:17:33 -
Daewoo Ship Shows Subprime Woes Overcome Drill Orders (Update2) - Bloomberg
Sept. 4 (Bloomberg) -- Park Chang Suk isn't waiting to learn what Daewoo Shipbuilding & Marine Engineering Co. will be worth when the South Korean government sells the maker of oil tankers, submarines and ferries this fall. The 35-year-old Park, who ...
2008-09-03 09:16:00 -
JPMorgan, Facing Federal Probe, Exits Muni Interest-Rate Swaps - Bloomberg
Sept. 4 (Bloomberg) -- JPMorgan Chase & Co. will stop selling interest-rate swaps to government borrowers in the $2.6 trillion U.S. municipal bond market, which has been roiled by an antitrust probe and the near bankruptcy of Alabama's most- populous ...
2008-09-03 09:52:00 -
Skipton loan plan aimed at first-time buyers (Financial Times)
The UK's sixth largest building society has launched an innovative scheme to help first-time buyers on to the property ladder in the first attempt by a leading mutual to re-establish the historical link between saving and mortgage lending.
2008-09-03 08:57:51