Mortgage and Financial News From 2007-10-22 Page 6

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• Bear Stearns and CITIC set alliance (Reuters via Yahoo! News)

  Bear Stearns Cos, a U.S. investment bank that has been battered by slumping mortgage markets, and China's CITIC Securities Co have agreed to swap stakes in each other and form a broad alliance, the firms said on Monday.
  2007-10-22 10:49:00

• Countrywide, WaMu, Amex, Capital One cut by Lehman (Reuters via Yahoo! Singapore News)

  NEW YORK, Oct 22 - Countrywide Financial Corp , Washington Mutual Inc and several other finance companies were downgraded on Monday by Lehman Brothers Inc analyst Bruce Harting, who said the U.S. credit downturn could result in $242 billion of mortgage-related losses.
  2007-10-22 05:14:41

• Pioneering mortgage product launched in Qatari real estate market (Gowealthy)

  Asteco, Dubai-headquartered one of the GCC's premier real estate services companies, has collaborated with Commercial Bank and Capital Investments to offer a pioneering mortgage product to the Qatar realty market for the first time.
  2007-10-22 01:14:58

• Sector roundup: Mortgage finance, pharma (Sharewatch)

  (AP) - Among the sector activity stories for Monday, Oct. 22, from AP Financial News: NEW YORK (AP) -- A Lehman Brothers analyst downgraded a battery of mortgage lenders and insurers on Monday, saying the struggling housing market will indefinitely make business difficult for companies exposed to people missing payments on home loans.
  2007-10-22 03:02:23

• Mass Affluent Use Online Banks

  Wall Street and Technology - ... indicated they have an account with an online institution that provides a wide range of financial services and accounts. Slightly more than one-third said they used an online broker or investment firm, and one in 20 said they used an online mortgage ...
  2007-10-22 03:36:00

• Area Business Briefs

  Dunn County News - WAMB is a statewide, industry-supported association dedicated to serving the needs of the mortgage broker profession. Providing brokers with the opportunity to advance in their profession is the cornerstone of the association. WAMB provides its ...
  2007-10-22 08:27:00

• Broker Action For Monday, Oct. 22

  Forbes - In a sign that the mortgage meltdown is far from over, a Lehman Brothers analyst downgraded a raft of financial players Monday, including Washington Mutual , Countrywide Financial , Discover Financial Services , Capital One Financial and American ...
  2007-10-22 08:19:00

• UPDATE 3-Leading Democrat proposes U.S. mortgage reform

  Reuters - Barney Frank of Massachusetts said his legislation would give mortgage securitizers some responsibility for improper loans that go bad and eliminate some broker incentives that could lead borrowers to costlier loans. The language of the bill would ...
  2007-10-22 01:49:00

• African American Loan Officer Finds Success at American Financial ...

  Forbes - American Financial Group is a mortgage broker based in Cerritos, CA. American Financial Group was co-founded in 1989 by Vince Tran, and has grown by 35% each of the last seven years. American Financial Group has funded over $3 Billion in loan volume ...
  2007-10-22 10:07:00

• Bad credit loans – Make your life easy

  Best Syndication - Nearly, half of the sub-prime mortgage deals have been with drawn from the shelves. So, in such a situation it is better if ... Syndication is for informational purposes only and is not meant to be advice. You should always seek professional advice ...
  2007-10-22 10:14:00

• Deborah Hill Cone: Business scribes a lot of write-offs

  New Zealand Herald - While I was writing about the movements of the Brierley share price, I was scrabbling to pay my mortgage - with $10 left over ... Taking financial advice from a finance journalist is a bit like taking dieting advice from a 130kg nutritionist. Or having a ...
  2007-10-22 01:06:00

• In Depth: Law & Accounting

  St. Louis Business Journal - ... Electronic files are fair game in discovery phase Outlook good for law grads LawLink connects lawyers online for advice ... Wilson, Reinhardt to build $3.1M Westminster residence hall [Monday] Pulaski names Locke president of mortgage lending [Monday] ...
  2007-10-22 11:54:00

• In Bucks, open-space vote recalls recent past

  Philadelphia Inquirer - ... systems that are [giving] out," said Larry Raffle, 73, of Newtown Township, who until recently ran a residential-mortgage ... Rather than resistance, his audience offered advice. One man said the county should better publicize what it saves. As of ...
  2007-10-22 12:01:00

• IMF bail-outs: valuable function or out of touch?

  BBC News - ... which has featured in discussions about central bank loans to help financial institutions affected by the American mortgage ... But even if they don't want the IMF's loans for now at least, he says the fund can provide advice. The IMF does put a lot ...
  2007-10-22 03:29:00

• CB Richard Ellis Group, Inc. Announces Third Quarter 2007 Earnings ...

  Forbes - CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and ...
  2007-10-22 03:04:00

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