Mortgage and Financial News From 2007-11-19 Page 15

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• Citigroup downgrade sinks Wall St. (Reuters via Yahoo! News)

  The Dow and S&P 500 closed at their lowest levels in three months on Monday after a broker downgrade of Citigroup sparked concerns that more mortgage losses may lie ahead, compounding doubts about the outlook for the economy.
  2007-11-19 01:24:51

• Citi downgrade rattles Wall Street (Reuters via Yahoo! News)

  The Dow and the S&P 500 fell to their lowest levels in three months on Monday after a broker downgrade of Citigroup sparked concerns more mortgage losses may lie ahead, compounding doubts about the outlook for the economy.
  2007-11-19 01:31:40

• Financial Aid for the Rich

  US News and World Report - ... noting at the time that small-business owners should be treated the same as family farmers, who aren't expected to mortgage ... The new exemption could "change our advice profoundly," he says. Major advantage. Fred Amrein, a fee-only college funding ...
  2007-11-19 05:49:00

• 57% of Americans Do Not Have a Will

  Forbes - Planning for your heirs, which provides information, tips and advice to consumers on wills, trusts, and estate planning. To ... In addition to Bankrate.com, Bankrate also owns and operates Bankrate Select, an Internet lead aggregator and Mortgage Market ...
  2007-11-19 05:13:00

• US NAHB Oct Housing Index Unchanged At 19 In Nov

  FXStreet.com - WASHINGTON (Dow Jones)--The gloom didn't lift this month over U.S. home builders, worried about problems in the mortgage ... Nor does it provide any form of advice (investment, tax, legal) amounting to investment advice, or make any recommendations ...
  2007-11-19 09:52:00

• CB RICHARD ELLIS EXPANDS RELATIONSHIP WITH FIFTH THIRD BANK FOR ...

  dBusinessNews.com - 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 ...
  2007-11-19 08:34:00

• Emerging Markets' Gains Are Long in Tooth

  Barron's Online - ONE UNEXPECTED VICTIM OF the credit crunch and sub-prime mortgage fallout is the emerging markets sector. With investor ... us at online.editors@barrons.com . We'll cover as many as we can, but please remember that we cannot give investment advice.
  2007-11-19 12:30:00

• S&P Picks and Pans: Xerox, AMAT, XL Capital, Celgene, M&I

  BusinessWeek - M&I announces that it has lending exposure of $282 million with Franklin Credit Management ( FCMC ), a troubled mortgage ... Any advice, analysis, or recommendations contained in articles labeled "Insight from Standard & Poor's" reflect the views of ...
  2007-11-19 09:59:00

• Broker closed for sub-prime loans

  BBC Business - Firms who do not comply with FSA standards taint the entire mortgage industry which is totally unacceptable." "Any firms who place their customers at risk of receiving unsuitable advice through inadequate business processes can expect strong action ...
  2007-11-19 05:20:00

• Senior housing projects approved for $2.8M in loans

  Columbus Business Journal - Trotwood lands a $9.15M housing project [Dayton] Experts' advice on hazards of business in China [East Bay] State barks at mortgage servicers over reluctance to back compact [Columbus] A cautionary tale: Mergers and acquisitions gone bad [Birmingham ...
  2007-11-19 08:19:00

• BMO Bank of Montreal to Pay City of Toronto Land Transfer Tax for its ...

  CNW Group - Our advice is to speak with a mortgage expert and explore the variety of options available to you before rushing into a decision." For further information: For Media Relations Enquiries: Shivani Ahluwalia, Toronto, shivani.ahluwalia@bmo.com ...
  2007-11-19 09:31:00

• US NAHB Oct Housing Index Unchanged At 19 In Nov (The Forex Market)

  WASHINGTON (Dow Jones)--The gloom didn't lift this month over U.S. home builders, worried about problems in the mortgage market and bloated inventory of unsold houses.
  2007-11-19 10:14:03

• Treasury's Steel says housing 'most significant current risk' to economy (The Forex Market)

  WASHINGTON (Thomson Financial) - The housing decline is the "most significant current risk" to the US economy, Treasury Under Secretary Robert Steel said today, and mortgage foreclosures will "remain elevated over the course of the next 18 months."
  2007-11-19 12:59:12

• Broker closed for sub-prime loans (BBC News)

  A mortgage broker is closed down and two others fined for mis-selling sub-prime mortgages.
  2007-11-19 05:30:19

• FSA fines two firms and bans a third for sub-prime failings (UK Financial Services Authority)

  The Financial Services Authority (FSA) has penalised three firms found failing to meet its requirements during its sub-prime investigations published in July. All three had inadequate mortgage sales and advice procedures which exposed their customers to the risk of receiving unsuitable advice.
  2007-11-19 03:06:30

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