Mortgage and Financial News From 2008-6-16 Page 8
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New A.I.G. Chief Plans to Reach Out to Investors (NYTimes.com via Yahoo! Finance)
Robert B. Willumstad, named chief of American International Group late Sunday, said on Monday he would have a turnaround plan in place by September.
2008-06-16 11:36:32 -
Home builder sentiment dips to match record low (Reuters via Yahoo! News)
Home builder sentiment sank 1 point in June to match the lowest level on record set in December, an industry group said on Monday.
2008-06-16 11:41:27 -
Lenders pledge speedy response on loan help (INO News)
(AP:WASHINGTON) Mortgage companies are pledging to let troubled borrowers know whether they're approved for help within 45 days of receiving a homeowner's application.
2008-06-16 11:50:10 -
O.C. foreclosures hit new record in May (Orange County Register)
DataQuick said banks foreclosed on 1,131 homes last month, a new record.
2008-06-16 11:53:04 -
Seeing the deals behind the doors (York Daily Record)
A few weeks ago, my wife and I were invited to a dinner party at a friend's house and, much to our surprise, we arrived early.
2008-06-16 11:55:44 -
Mapping business cuts lender's errors - Australian IT
The home loan and mortgage specialist has almost 40 franchises across the country but faced geographic problems in having updates and changes to business processes communicated effectively.
2008-06-16 07:55:00 -
Goldman cuts M&A jobs as business slows: sources - MSN MoneyCentral
NEW YORK (Reuters) - Goldman Sachs Group Inc laid off investment bankers last week as it reacts to slowing markets and a slump in merger activity, according to people familiar with the situation and Wall Street recruiters. The cuts, described as in ...
2008-06-16 09:42:00 -
Woolwich pulls two-year fixed mortgage deals - Times Online
Woolwich, Barclays' mortgage lending arm, will tomorrow withdraw all two-year fixed rates from the market as rival Nationwide announces plans to raise rates on some its home loans for the second time in two weeks. Woolwich said it was pulling its two ...
2008-06-16 09:42:00 -
Nationwide increases mortgage rates again - Daily Telegraph
Nationwide, one of the UK’s largest mortgage lenders, has increased the cost of its mortgage deals for the second time this month, with rates moving up by up to half a percentage point. By Emma Simon Nationwide, one of the UK’s largest mortgage ...
2008-06-16 06:07:00 -
Couple forced to sell (Chatham Daily News)
If a poor credit record forced you into a high-risk mortgage, you might end up in the same situation as Rod and Joyce Marentette. The Chatham couple are perplexed as to why, after never missing a payment for the three-year term of their mortgage, they are being dumped [...]
2008-06-16 06:58:54 -
Mapping business cuts lender's errors (News Interactive)
HOW Resi Mortgage Corporation created an online knowledge library of its business processes for staff and franchisees.
2008-06-16 07:00:00 -
CEOs See Pay Rise In '07 Amid Slow Economy (KCTV 5 Kansas City)
CEO compensation rose even higher in 2007 despite a sluggish economy, an Associated Press analysis finds.
2008-06-16 07:03:35 -
CEO pay chugs upward (Rocky Mountain News)
The increase for CEOs came as the landscape for U.S. workers and shareholders darkened considerably.
2008-06-16 07:17:38 -
(AFX UK Focus) 2008-06-16 14:50 AP IMPACT: CEO pay chugs up in '07 despite economy (Interactive Investor)
NEW YORK (AP) - 0615b--Exec--Compensation
2008-06-16 07:23:01 -
Reverse mortgages could be big (Contra Costa Times)
JOHNNY CARSON was being interviewed on a park bench a few years ago, and when he saw a pigeon strutting around his feet he looked down at it and said, "Any messages for me?
2008-06-16 09:15:17