Mortgage and Financial News From 2008-5-21
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UBS sells securitized debt to BlackRock for bigger-than-expected ... - Forbes
ZURICH (Thomson Financial) - UBS (nyse: UBS - news - people ) AG. said it has completed the sale of securitized debt to BlackRock (nyse: BLK - news - people ) Inc for $15 bln. UBS said the primarily subprime and Alt-A U.S. residential mortgage-backed ...
2008-05-21 12:19:00 -
Nat City May Shed 'Problem Assets' - Street.Com
National City NCC shares shrugged off comments by the regional bank's CEO, who said it was considering shedding "problem assets" tied to the housing slump, reports say. CEO Peter Raskind, speaking at a Lehman Brothers LEH conference in London earlier ...
2008-05-21 09:52:00 -
Angelo Mozilo Live - Boston Globe
A struggling borrower sends an email to Countrywide Financial Corp. pleading for help. The borrower soon gets a response from the very top, the company's chairman, Angelo Mozilo. But it's not a very nice response: This is unbelievable. Most of these ...
2008-05-21 09:01:00 -
Reverse mortgages: Beware the come-ons - CNN Money
(MONEY Magazine) -- Last year, borrowers took out more than 132,000 reverse mortgages - 50% more than the year before and almost 10 times as many as five years ago. Such loans, as you may already know, allow you to draw down your home equity if you ...
2008-05-21 09:44:00 -
Lenders predict drop in house sales - Western Telegraph
The Council of Mortgage Lenders (CML) has forecast a 35% fall in the number of property transactions in England and Wales this year. The organisation, which represents banks and building societies, is also braced for house prices to fall by around 7 ...
2008-05-21 08:47:00 -
FBI busts Irvine attorney in $20M investment scheme (Orange County Register)
Jeanne Rowzee, 49, is accused of bilking 150 investors.
2008-05-21 08:31:31 -
County unveils Mobile Command Center (Courier Gazette)
The Wayne County Board of Supervisors were invited Tuesday to inspect the new Wayne County Sheriff's Mobile Command Center. Sheriff Dick Pisciotti and Undersheriff Rick House were on hand to point out the many features of the new equipment.
2008-05-21 08:58:05 -
Young families take advantage of plunging home prices (Contra Costa Times)
n Buying home becoming cheaper than renting for many first-time homebuyers
2008-05-21 09:07:34 -
Finally, a home of their own (The Monroe Evening News)
Mary McAuliffe and her teenaged daughter, Whitney, strolled through their brand-new home on W. Ninth St. and marveled at the spaciousness they soon will enjoy.
2008-05-21 09:13:39 -
Consumers Buy Too Much Insurance According to New Study from NYU Stern (Centre Daily Times)
In this recessionary climate, consumers are rethinking their expenses and risk as health, mortgage and personal assets insurance issues loom large. New findings suggest that consumers are paying more than they should for insurance coverage.
2008-05-21 09:30:29 -
Wealth Enhancement Group Moves Headquarters to Plymouth, Minnesota (Business Wire via Yahoo! Finance)
MINNEAPOLIS----Regional financial planning firm Wealth Enhancement Group has relocated its corporate headquarters to Plymouth, Minnesota from Wayzata, Minnesota recently. The move is to accommodate growth and improve client services.
2008-05-21 10:05:00 -
Healthcare benefits convince many to stay in military (CNNMoney.com via Yahoo! Finance)
Job hunt in a sluggish economy? Or re-enlist during wartime? Marine Sgt. Jimmy Spence faced that dilemma a year ago, and in the end, the military won.
2008-05-21 10:17:00 -
May 27 deadline for flood victims to register for FEMA assistance (St. Louis Business Journal)
Families, individuals and businesses in the 35 counties in Missouri, including Franklin, Jefferson, St. Louis and Washington counties, that were declared federal distaster areas due to the severe storms and flooding in mid-March have until May 27 to register for federal assistance.
2008-05-21 10:18:19 -
Aldermen set preservation hearing (Winston County Journal)
The Louisville Board of Aldermen in a lengthy agenda for the May 6 meeting set a hearing date for the Historical Preservation ordinance.
2008-05-21 10:19:52 -
Piedmont Community Bank Group, Inc. Announces First Quarter Results (Business Wire via Yahoo! Finance)
GRAY, Ga.----Piedmont Community Bank Group, Inc. today announced net income of $30,000 for the quarter ended March 31, 2008, versus net income of $113,000 for the first quarter of 2007.
2008-05-21 10:42:00