Mortgage and Financial News From 2007-8-27 Page 6

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• Notice to All Brookstreet Securities Customers Who Purchased Collateralized Mortgage Obligations From the Securities ... (PrimeNewswire via Yahoo! Finance)

  BOCA RATON, Fla., Aug. 27, 2007 -- The Law Firm of Klayman & Toskes, P.A. announced today that it has filed a lawsuit before The National Association of Securities Dealers n/k/a The Financial Industry Regulatory Authority , Case No. 07-02225, against Brookstreet Securities Corporation .
  2007-08-27 06:13:36

• Surviving subprime: A pro gives her advice (New York Daily News)

  If you've been reading news of the swooning markets, it's likely your head is swimming with new terminology: Subprime mess. Credit crunch. Discount rate.
  2007-08-27 08:32:58

• Young S.F. engineer rides mortgage roller coaster (San Francisco Chronicle)

  In the span of a couple of weeks earlier this month, Tyler Nelson went from renting, to thinking he was a homeowner, back to renter, and finally, as of Friday, a homeowner again. He hopes. A few months ago, the North Dakota native started researching a home...
  2007-08-27 07:32:51

• MORTGAGE WOES: State starts foreclosure hotline (Ridgefield Press)

  Gov. M. Jodi Rell and Department of Banking Commissioner Howard Pitkin report the establishment of a Mortgage Foreclosure Assistance Hotline.
  2007-08-27 09:55:48

• Dear Liz

  Daily Telegraph - He (and you, if he's willing) might benefit from talking to a decent mortgage broker. Try John Charcol (020 7611 7000), Chase de Vere Mortgages (020 7930 7242) or London & Country Mortgages (0800 373300). But he may find it difficult to rejig his ...
  2007-08-27 11:40:00

• Online bids for home loans

  Stuff - Instead of going cap-in-hand to lenders or hoping a mortgage broker will get them a good deal, Kiwis can now auction their own home loan privately for free and watch the market compete to offer them the best deal." Foote said the site was taking ...
  2007-08-27 05:02:00

• Broker Action For Monday, Aug. 27

  Forbes - Video Transcript Broker Action For Monday, Aug. 27 Poppy Harlow 08.27.07, 11:54 AM ET ... On the list of upgrades today is Luminent Mortgage Capital (nyse: LUM - news - people ). A JMP Securities ...
  2007-08-27 04:04:00

• Kroll Factual Data Releases Innovative Mortgage Loan Participant

  MSN MoneyCentral - Utilizing advanced, knowledge-based analytics, FullFacts assesses the risk of potential misrepresentation of the broker, appraiser, loan officer, closing agents, and the other participants involved in the mortgage loan transaction. "FullFacts ...
  2007-08-27 02:53:00

• SCHUMER VENTS HIS RATE RAGE

  New York Post - August 27, 2007 -- Despite the attention drawn to the nation's foreclosure crisis, unscrupulous mortgage brokers continue to do business as usual, an angry Sen. Charles Schumer said yesterday. Brandishing a broker's newspaper advertisement, Schumer ...
  2007-08-27 08:12:00

• Housing slump cuts Realtor ranks: Trade association numbers down 2.5 ...

  Patriot Ledger - However, applications for mortgage licenses in Massachusetts are up, Cuff said. That is because national lenders want to get into the Massachusetts market, or mortgage brokers who were or are working for a lender or broker firm have seen their ...
  2007-08-27 03:50:00

• Mortgage Litigation Update From MortgageDaily.com

  Earthtimes - Mortgage broker Riverside was sued after allegedly contacting prospective borrowers through faxes. http://www.mortgagedaily.com/LawsuitsUpdate080607.asp?spcode=pr American Interbanc vs. NovaStar Home Mortgage Inc. NovaStar was accused of engaging in ...
  2007-08-27 05:37:00

• Mortgage Litigation Update From MortgageDaily.com (PR Newswire via Yahoo! Finance)

  The following mortgage industry lawsuits were recently covered by http://www.MortgageDaily.com -- the dominant source of online news for the mortgage industry.
  2007-08-27 05:46:00

• SCHUMER VENTS HIS RATE RAGE (New York Post)

  Despite the attention drawn to the nation's foreclosure crisis, unscrupulous mortgage brokers continue to do business as usual, an angry Sen. Charles Schumer said yesterday. Brandishing a broker's newspaper advertisement, Schumer said the...
  2007-08-27 09:40:23

• Investigators: Mortgage Problem (WXYZ-TV Detroit)

  Imagine paying your mortgage on time -- only to discover that your mortgage company was messing up your credit report. INSIDE: Watch Heather Catallo's report
  2007-08-27 02:19:26

• Paying off a mortgage depends on how much cash is needed (Garden City Observer)

  A couple years ago I bought a new house and I made the mistake of getting an adjustable rate mortgage. The rate has increased substantially and I am now paying over 7ˆ½ percent. I owe a little over a $100,000 on my mortgage. I am retired and I have an annuity coming due that I can cash out without penalty and pay the mortgage off. My broker, who originally arranged for the adjustable rate ...
  2007-08-26 05:19:15

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