Mortgage and Financial News From 2008-8-15 Page 3
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Commerce to buy customers' auction-rate securities (St. Louis Business Journal)
Commerce Bancshares Inc. said late Friday that its Commerce Bank and Commerce Brokerage Services units will offer to repurchase auction-rate securities from customers who purchased them from the bank and have been affected by the collapse of that market.
2008-08-15 05:24:52 -
More borrowers set to lose homes as repossession orders soar (Independent)
The number of court orders granted to mortgage lenders, allowing them to repossess the homes of customers who have defaulted on their loans, rose by more than 12 per cent between the first and second quarters of the year, breaking through the 30,000 mark for the first time since the housing crash of the early 1990s.
2008-08-15 05:27:22 -
B&B faces uncertain future after getting its rights issue away (Independent)
Bradford & Bingley, whose accident-prone rights issue finally closed yesterday with a better than expected take-up, will get its £400m capital boost, but the mortgage lender still faces a precarious future.
2008-08-15 05:27:42 -
Foreclosure claims Magnolia condo project (Austin American-Statesman)
A lead investor/lender in the Magnolia, a proposed five-story condominium project that never turned dirt, has foreclosed on the property and taken control of the project.
2008-08-15 05:37:25 -
People & products (Journal & Courier)
Ford Motor Co. said Thursday that it has begun production of its new subcompact Fiesta at a plant in Germany. The vehicle is the first product to come out of Ford's new global development process, which aims to produce global models that are tailored to regional tastes but have the same underpinnings.
2008-08-15 06:09:57 -
Daily Digest of Business (Milwaukee Journal Sentinel)
DEALS MGIC sells final stake in Sherman for $209.5 million Milwaukee-based MGIC...
2008-08-15 06:49:53 -
5 questions about the new housing bill (The Arizona Republic)
The Housing and Economic Recovery Act of 2008, signed into law by President Bush on July 30, has sparked numerous debates.
2008-08-15 06:55:26 -
Private financiers in the spotlight (The Arizona Republic)
'Hard Money' lenders fund risky projects.
2008-08-15 07:25:36 -
Types of Mortgage Loans - Walletpop.com
Major types of mortgage loans include: Fixed-rate loans. Because they offer a monthly payment that is known and does not change, fixed-rate mortgage loans remain the most popular type. Most fixed-rate mortgages are for loan terms of 15 or 30-years. A ...
2008-08-14 01:54:00 -
Hanover Capital Mortgage Holdings Announces 2008 Second Quarter ... - Earthtimes
Author : Hanover Capital Mortgage Holdings, Inc. EDISON, N.J. , Aug. 15 -- Hanover Capital Mortgage Holdings, Inc. (Amex: HCM) (the "Company" or "HCM") reported a net loss for the quarter ended June 30, 2008 of $22.9 million , or $(2.66) per share on ...
2008-08-15 04:56:00 -
How Do I Lower My Mortgage Rate? - Transworld News
If you are having trouble making your mortgage payment on time, we have solutions for you. Are you like many homeowners who have one to two years before your mortgage loan is adjusting, or has it already adjusted into a higher rate? Do you have ...
2008-08-14 10:27:00 -
Police: Man Raped Girl, Forced Another To Watch Video Of Crime (WLKY Louisville)
Detectives called 37-year-old Douglas Hall a predator, and fear what will happen if he remains at large.
2008-08-15 01:47:00 -
Dad Drives Off, Leaves Toddler On Roadside (Eyewitness News 3 Hartford)
A caller reports to police that a young child in a stroller had been abandoned on the side of the road in Branford.
2008-08-15 02:05:19 -
Former Ark. State Trooper Pleads Guilty To Battery (KHBS - KHOG Fort Smith - Fayetteville)
A former Arkansas State Police trooper has pleaded guilty to battery and misusing the Arkansas Crime Information Center.
2008-08-15 02:44:31 -
Building On Fire In Menomonee Falls (WISN 12 Milwaukee)
A building which appears to be a condominium or apartment complex off of Fond du Lac Avenue burst into flames in Menomonee Falls Friday afternoon.
2008-08-15 03:48:39