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mortgage brokersRochester Democrat and Chronicle - Among mortgage brokers, who have a wide variety of mortgage products and programs available for clients and who originate close to 65 percent of all mortgages, a stricter program of licensing and registration by New York state has been initiated to ... Read more
Avoid the mortgage you can't really affordInternational Herald Tribune - Factories, construction companies, mortgage brokers, real-estate firms, retailers, temporary-help firms, child day-care providers, hotels, educational services, accounting firms and computer designers were among those shedding jobs. Read more
Employers slash jobs, thousands drop out of the US labor forceThe Independent - The Acpo report says corrupt property professionals including surveyors, mortgage brokers and solicitors are facilitating frauds. Common crimes include surveyors deliberately over-valuing properties, applications made on the basis of forged ... Read more
Organised crime turning to mortgage fraudTimes Online - This month the City watchdog said that it was considering levying fines and penalties on more than 70 mortgage brokers as part of a plan to tackle organised home-loan fraud. Read more
Mortgage fraud is funding terrorism, say policeBBC Business - A glut of surveys suggest that adult offspring are going cap in hand to relatives for help, but Katie Tucker, of mortgage brokers John Charcol, said it would also lead to a return to the philosophy of saving of their parents' generation. Read more
Q&A: Mortgage squeeze tighteningSilicon Republic - The system is also is well established in the UK, where it has become the standard e-trading system between brokers and lenders. Lenders representing 80pc of all mortgage transactions in the UK are now using MTE and thousands of mortgage ... Read more
Electronic trading could save mortgage industry €20mReuters - NEW YORK, March 6 (Reuters) - Brokerage and bank analysts are slashing their 2008 earnings forecasts as the credit and mortgage markets have grown more challenging in the first two months of this year. Struggles in mortgage, commercial property ... Read more
FACTBOX-Consensus '08 forecasts for banks, brokersSan Diego Union-Tribune - The higher lending thresholds are set to expire at the end of the year, but lending groups, such as the California Association of Mortgage Brokers, already are lobbying to make them permanent in such high-cost states as California. Read more
FHA raises housing loan limits in countyMSN MoneyCentral - ... this news will pressure the stock of Annaly and MFA, who run a similar business model, given increased concern about tightening repo-lending standards across banks and brokers," said UBS analyst Omatayo Okusanya II, who covers the mortgage ... Read more
Mortgage REITs plunge on Carlyle Capital troublesSilicon Valley - Approvals that used to take 48 hours now can take five or six days, some mortgage brokers say. There are deals to be had. Even in the few hot markets, you can find good values on properties that aren't picture-perfect. Read more
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