Finance and Economy Archive
RISMEDIA, Sept. 27, 2007-William Raveis, chairman and CEO of William Raveis Real Estate, Mortgage & Insurance, recently announced the addition of Lisa Iannotti as a sales director in the company's insurance division.In her new role, Iannotti will be responsible for William Raveis Insurance business development and retention. She brings 25 ...
RISMEDIA, Sept. 26, 2007-In its ongoing effort to curb foreclosures, Countrywide Financial Corporation is actively working with borrowers who are experiencing financial challenges. Utilizing various methods to help homeowners, including loan modifications, repayment plans, postponement of payments and refinancing, Countrywide has provided homeownership preservation assistance on approximately 35,000 mortgages so ...
By Ruth Simon, The Wall Street Journal ...
RISMEDIA, Sept. 21, 2007-The National Association of Mortgage Brokers (NAMB) urged Congress to take steps to enable Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA) to provide much-needed assistance to homeowners facing eminent default or foreclosure."Temporarily lifting Fannie Mae and Freddie Mac's portfolio caps will inject necessary liquidity ...
By Peg BrickleyRISMEDIA, Sept. 17, 2007-(The Wall Street Journal)-Thousands of homeowners face an "imminent risk" of losing their homes because of clashes between American Home Mortgage Investment Corp. and its former financial backers, according to Freddie Mac , a government-chartered housing financier. ...
RISMEDIA, Sept. 14, 2007-High-risk home mortgages are facing national scrutiny thanks to the recent rise in subprime foreclosures, but a noted research economist with the Real Estate Center at Texas A&M University is coming to their defense. ...
RISMEDIA, Sept. 14, 2007-The following is a statement from Michael D. Calhoun, President, Center for Responsible Lending: ...
By Amy HoakRISMEDIA, Sept. 13, 2007-(MarketWatch)-Some of the mortgage advertisements currently appearing in Web sites, newspapers, magazines, direct mail and unsolicited e-mail and faxes may be violating federal law, and on Tuesday the Federal Trade Commission said it was sending warning letters to more than 200 advertisers and media outlets ...
RISMEDIA, September 11, 2007-Countrywide Financial Corporation has announced a plan of action to address changing market conditions that positions the company for continued growth and success. Central elements of this plan include: ...
RISMEDIA, September 10, 2007--The 2nd Quarter National Delinquency Survey, released recently by the Mortgage Bankers Association (MBA), shows that California mortgage loans entering foreclosure have reached 25-year highs, with subprime borrowers bearing the brunt of the storm.The MBA linked market factors such as declining home prices and an increase in ...
