Mortgage and Financial News From 2007-8-29 Page 23
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Mortgage Switch Raises Questions Save Email Print
WOWT - Do you know where your mortgage is? Mortgages are often sold and re-sold but one Fremont man got some bad news when his mortgage changed hands. Jeff Schakat has until September 1 to increase the flood insurance on his house. According to Wells Fargo ...
2007-08-28 08:42:00 -
Flood Insurance: Determine If You Need It
KLAS-TV - His homeowner's policy won't help him with this. FEMA oversees all flood insurance coverage . If you live in a high-risk flood zone, you are required to have flood insurance. Some mortgage lenders also make it a requirement. E-mail your comments to ...
2007-08-28 10:51:00 -
LandAmerica axing 1,100 jobs
CNBC - NEW YORK (Reuters) - LandAmerica Financial Group Inc a title insurance company, said on Tuesday it was eliminating 1,100 jobs as mortgage loan volume in the United States declines. The company said severance payments linked to the layoffs ...
2007-08-28 10:15:00 -
A few things to consider when looking for a life insurance policy
MyFinances.co.uk - If you are hoping to use a Mortgage Term Assurance policy, an insurance broker will be able to find a policy that covers your mortgage and pays out a fixed sum to beneficiaries, if that is what you require. The most common form of life cover is Level ...
2007-08-29 01:22:00 -
Stewart Pays $1 Million in Settlement of $46 Million Claim of the ...
MSN MoneyCentral - Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries through more than 9,500 policy-issuing offices and agencies in the United States and international markets ...
2007-08-29 12:10:00 -
HEARD ON THE STREET
Wall Street Journal - A "significant portion" of those option ARMs are covered by private mortgage insurance against losses because of defaults, the Countrywide spokesman says. If things get too rough for Countrywide, Mr. Plesser figures, federal regulators might arrange a ...
2007-08-29 01:43:00 -
How to Shop for a Mortgage Today
Kait 8 - Can I still get 100% financing? The availability and pricing of 100%- financing and piggyback loans -- for example, the 80/20, with an 80% first mortgage and a 20% second, designed to avoid the cost of private mortgage insurance -- are largely driven ...
2007-08-29 01:14:00 -
Stewart Pays $1 Million in Settlement of $46 Million Claim of the California Department of Insurance (Business Wire via Yahoo! Finance)
HOUSTON----Stewart Title Guaranty Co. announces that it has settled a claim of $46,700,525 for $1,000,400 in an administrative proceeding filed by the California Department of Insurance concerning Stewart's purchase of reinsurance from alleged captive reinsurance companies.
2007-08-29 12:12:00 -
Flood Insurance: Determine If You Need It (KLAS Las Vegas)
The recent summer storms are causing some Las Vegas residents to wonder if they need flood insurance even if they are not living in a high-risk area. Inside, see if you live in a high-risk flood zone and find a link to FEMA's FloodSmart Insurance Center .
2007-08-29 12:03:56 -
Muni Bonds With AAA Insurance Lose Value Amid Subprime Concern (Bloomberg.com)
Aug. 28 (Bloomberg) -- Investors are demanding higher yields on U.S. municipal bonds with AAA insurance on concern insurers' credit standing will suffer amid rising defaults on subprime mortgages.
2007-08-28 09:26:04 -
LandAmerica axing 1,100 jobs (Reuters via Yahoo! News)
LandAmerica Financial Group Inc a title insurance company, said on Tuesday it was eliminating 1,100 jobs as mortgage loan volume in the United States declines.
2007-08-28 10:04:46 -
FICS Adds Mortgage Insurance Interface to Loan Producer(R) (Business Wire via Yahoo! Finance)
DALLAS----Financial Industry Computer Systems, Inc. , a mortgage technology specialist that provides in-house residential origination and servicing technology and commercial servicing technology to the mortgage industry, announced that it has added a new Mortgage Insurance interface to its residential mortgage loan origination system, Loan Producer®.
2007-08-28 01:00:00 -
Recession unlikely in next year - US Chamber
News.com.au - Local Business Jobs Cars Property Home Improvement Dating General Trader ads Personal ... PROBLEMS in the US subprime mortgage market are unlikely to push the US economy into ... Mr Regalia said he expected the Federal Reserve to cut interest rates at its ...
2007-08-28 11:41:00 -
Fitch Revises KB Home's Outlook to Negative Affirms 'BB+' IDR &
MSN MoneyCentral - Fitch Ratings has affirmed KB Home's KBH ratings as follows: --Issuer Default ... 2007 (largely due to disruptions and tightening of standards in the mortgage market ... experienced by others in the industry and persistent high cancellation rates ...
2007-08-28 08:57:00 -
Australian Dollar Falls for Second Day as U.S. Stocks Decline
Bloomberg - ... yen after Merrill Lynch & Co. cut recommendations on U.S. financial shares and reports showed consumer confidence and home ... Stock markets were weaker, reflecting the problem in the U.S. housing market and the banks are very exposed to mortgage backed ...
2007-08-28 11:41:00