Mortgage and Financial News From 2008-2-24 Page 7

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  • Title insurance protects buyers

    San Antonio Express News - Today, most mortgage companies require title insurance. At closing, the seller usually pays for a policy that covers the buyer, and the buyer purchases a policy to protect the mortgage company.
    2008-02-21 03:53:00

  • F. William Engdahl: Financial Predators Had A Ball

    Scoop - ... banks could set up myriad wholly-owned separate entities to process the booming home mortgage business. The giant of the process was Citigroup, the largest US bank group with over $2.4 trillion of group assets. Citigroup included Travelers Insurance ...
    2008-02-24 02:02:00

  • Television - Business (Scoop.co.nz)

    An old fashioned chocolate chip cookie recipe has turned a Christchurch company into a million dollar business.
    2008-02-24 11:36:33

  • US Senate plans foreclosure bill debate next week

    Reuters - ... to let bankruptcy judges tinker with home loans faces opposition from the mortgage industry and many Republicans. Banking lobbyists say the bankruptcy provision would drive up borrowing costs since lenders will want to charge more as an insurance ...
    2008-02-21 03:53:00

  • Television - Business (Scoop.co.nz)

    Bank customers are being warned that a routine banking practice can cause cash to disappear from their accounts.
    2008-02-24 11:51:26

  • Television - Business (Scoop.co.nz)

    The big talking point of the rural world has been Fonterra's decision to delay the farmer vote on the company's restructuring.
    2008-02-24 12:36:25

  • Television - Business (Scoop.co.nz)

    In the week ahead we will be keeping an eye on the flow of corporate results in New Zealand and there will be more scrutiny of the US economy - is it really about to enter a recessionary period?
    2008-02-24 01:36:08

  • A premium on the fire-prone

    Los Angeles Times - Second, mortgage lenders should have to treat hazardous locations as a factor in setting interest rates and insurance requirements, meaning that buyers of houses in fire-prone areas would pay more.
    2008-02-23 11:51:00

  • Clearing 40pc now a fait accompli (Stuff)

    It'll be a cold and wintry evening in Toronto but senior executives at the Canada Pension Plan Investment Board will be toasting the fact that they now seem almost certain to add Auckland International Airport to their portfolio.
    2008-02-24 02:41:20

  • Goodbye Mr Martin, your time's up (Times Online)

    The Speaker's position is hopelessly compromised. He should go The history of the post of Speaker of the House of Commons is lengthy and also a shade ambiguous.
    2008-02-24 03:41:32

  • UK house prices fall 0.2 pct in Feb from Jan, 5th consecutive fall - Hometrack (The Forex Market)

    LONDON (Thomson Financial) - UK house prices fell for the fifth consecutive month in February, confirming the ongoing slowdown in the housing market, though there were signs of demand starting to pick up, according to a survey by a leading property website.
    2008-02-24 04:27:45

  • UPDATE 1-Buffett rapidly grows his new muni insurance arm

    Reuters - UPDATE 1-Buffett rapidly grows his new muni insurance arm ... on about $1.6 trillion of municipal debt because the companies face billion-dollar claims from insuring subprime mortgage ...
    2008-02-22 03:23:00

  • Reverse mortgages can help cash-strapped seniors

    Nashville Tennessean - Initial closing expense for each deal would be $5,736 plus a mortgage insurance cost of $4,000. These costs would be rolled into the loan. • Borrowers also can choose to receive payouts in a lump sum, partial payouts or as an equity line of credit.
    2008-02-23 11:58:00

  • Connecting credit dots prolongs crisis

    Reuters - That is because the tottering bond insurance companies some banks used to guarantee their mortgage bets are facing their own troubles and may not deliver on policy claims.
    2008-02-22 03:59:00

  • Couple leaves bank $15,000 richer

    North Bay Nugget - Filling out a ballot while applying for mortgage insurance seemed like a formality for a Sturgeon Falls couple. But when Linda Paquette-Moulaison and Darren Moulaison came to North Bay’s Caisse Populaire Friday to sign papers, the formality turned ...
    2008-02-22 10:26:00

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