Finance and Economy Archive


UK Mortgage Market Reacts to U.S. Crash

RISMEDIA, August 28, 2007-The Council of Mortgage Lenders stated earlier this month that because of the "structural differences" between U.S. lending and UK regulated lending the UK mortgage market would not be affected. However it has just been revealed that three UK lenders have simply pulled out of the sub-prime ...


U.S. Mortgage Rates Fall

By Amy Hoak ...


Mortgage Experts Launch ‘Better Mortgage Bureau,’ for Consumers Looking for Legitimate Home Loans

RISMEDIA, August 24, 2007-With an entire industry quaking, it was bound to happen. ...


Regional Spotlight: Connecticut Home Mortgage Ranks Among the Nation’s Best

RISMEDIA, August 24, 2007-Annually, Broker's Magazine conducts a nationwide survey of the top mortgage companies and top mortgage originators in their ‘Best of the Best' issue. This is the second year that Shelton-based, Connecticut Home Mortgage made the nationwide list of the Top 50 Loan Brokerage Firms. In 2006, Connecticut ...


Chase Family Opportunity Mortgage Helps Families Buy Homes for College Students, Senior Citizens

RISMEDIA, August 24, 2007-Chase, one of the nation's leading residential housing lenders, announced Chase Family Opportunity Mortgage, to help consumers buy a home for their children attending college or for their elderly parents. ...


Lend America Offers Consumers Relevant Mortgage Solutions

RISMEDIA, August 23, 2007—Lend America, a privately owned direct-to-consumer residential mortgage lender with a core focus on originating government-insured loans, announced its business remains strong. As it continues to help consumers address their mortgage needs, especially now, many other industry players encounter difficulties in the current mortgage environment.  ...


Capital One Closes Wholesale Mortgage Unit

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JPMorgan Chase Invests $241 Billion in Low- and Moderate-income Families, Communities and Small Businesses

RISMEDIA, August 21, 2007—JPMorgan Chase has announced that it has invested more than ...


Stockton, Detroit, Las Vegas Post Top Metro Foreclosure Rates

RISMEDIA, August 15, 2007--RealtyTrac®, an online marketplace for foreclosure properties, has released its 2007 Midyear Metropolitan Foreclosure Market Report™, which shows Stockton, Calif., Detroit and Las Vegas documenting the three highest foreclosure rates among the nation’s 100 largest metropolitan areas during the first six months of the year. McAllen, Texas, ...


Mortgage Market in ‘Downward Spiral’

RISMEDIA, August 15, 2007--(MarketWatch)--Problems in the nation's mortgage and housing markets are feeding off each other and creating a "vicious cycle," analysts at Stifel Nicolaus & Co. said Monday. ...


Bankrate: Jumbo Mortgage Rates Rise Again

RISMEDIA, August 10, 2007-- It was a topsy-turvy week for mortgage rates, with the average conforming 30-year fixed mortgage rate falling to 6.66 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.25 discount and origination points. ...


U.S. Mortgage Rates Slip Slightly

RISMEDIA, August 6, 2007--(MarketWatch)--Mortgage rates moved down slightly this week, aided by lower bond yields, Freddie Mac's chief economist said on Thursday. ...


First American Announces Financial Results for Q2 Of 2007

RISMEDIA, August 6, 2007--The First American Corporation has announced financial results for the second quarter and six months ended June 30, 2007. ...


Bankrate: Mortgage Rates Down for Second Week in a Row

RISMEDIA, August 3, 2007—Mortgage rates were mostly lower, with the average 30-year fixed mortgage rate now 6.71 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.27 discount and origination points. ...


David Bellamy Named Vice President of Finance and Administration at Alain Pinel Realtors

RISMEDIA, August 2, 2007—David Bellamy, a former financial executive from The Body Shop and Intel Corp., has been appointed vice president of finance and administration at Alain Pinel Realtors, announced President & COO Larry Knapp. ...