* You are viewing the archive for January 3rd, 2008
Earthtimes
Moody's Affirms PHH's Rating
CNNMoney.com -
Earlier in the week, PHH said it terminated a deal that would have sold the company's mortgage lending business to the Blackstone Group and its vehicle …
PHH deal done in by tight credit
PHH's 'Baa3' senior debt confirmed on termination of buyout by GE …
Deal to Buy Mortgage Company Collapses
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Depending on where you choose to buy the cover, UK mortgage protection insurance does not have to be a big “rip-off”. Buying the cover alongside your mortgage with the high street lender is the worst choice you can make when thinking of taking out protection. Choosing to go independently for the cover can save you an enormous amount of the money and an independent specialist provider will give you the advice needed to be able to make an informed decision.Problems began fo…
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Sector Glance: Mortgage Insurance
CNNMoney.com -
NEW YORK (Associated Press) - Shares of mortgage insurers closed lower Thursday after a decline in an index measuring the volume of mortgage applications …
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Earthtimes
National City slashes dividend, 900 mortgage jobs
Reuters -
Chief Executive Peter Raskind said in a statement National City needed to take "aggressive steps" to cope with disruptions in the mortgage, housing and …
National City slashes dividend, 900 mortgage jobs
National City to cut another 900 mortgage jobs
Bank cuts dividend and staff
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Defaults on insured mortgages hit record level
Bizjournals.com, NC -
The pace of defaults on privately insured mortgages soared almost 35 percent, reaching the highest level since the data was first collected in 2001, …
Insured mortgage defaults set record high
Defaults on US insured mortgages at record high
Private mortgage insurance defaults rise
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First Advantage Purchases Fiserv's Mortgage Credit Reporting …
CNNMoney.com -
The purchase of CredStar expands First Advantage's market leadership in the US mortgage credit reporting industry, where it already services 19 of the top …
First Advantage acquires Fiserv's mortgage credit reporting …
First Advantage Buys Fiserv's CredStar
Fiserv sells mortgage credit reporting unit
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Earthtimes
National City slashes dividend, 900 mortgage jobs
Guardian Unlimited, UK -
The job cuts affect about one-seventh of National City's 6274-person mortgage business, and bring total announced job losses to 3400 since the middle of …
National City to cut another 900 mortgage jobs
UPDATE 2-National City slashes dividend, 900 mortgage jobs
National City cuts quarterly dividend; shuts down wholesale …
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If you’re like most people, your home and mortgage is both your biggest asset and your biggest financial commitment. And if for some reason you find you’re unable to meet your monthly mortgage repayments, it could turn into your biggest nightmare. Without some form of mortgage protection, the worst case scenario is that you end up losing your family home.For most people, the Government provides little help. People whose mortgages were taken out in or after October of 1995…
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