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LendingTree Loans Chief Economist Comments on Today’s Surprising Fed Cut

2:36 pm   -   January 22nd, 2008

LendingTree
Today the Federal Open Market Committee (FOMC) cut both the fed funds rate and discount rate by 75 basis points, or .75 percent. (more…)

Service Employees International Union Says No to Bank of America Countrywide Deal

4:58 pm   -   January 11th, 2008

The nation’s fastest-growing union, the Service Employees International Union, calls the combination of the United States’ largest mortgage lender with largest bank when both institutions are facing mounting losses and potentially destabilizing risks bad for consumers, bad for business, and bad for America. (more…)

Bank of America Agrees to Purchase Countrywide Financial Corporation

4:55 pm   -   January 11th, 2008

Bank of America Corporation has announced a definitive agreement to purchase Countrywide Financial Corp. in an all-stock transaction worth approximately $4 billion.

The purchase will make Bank of America the nation’s largest mortgage lender and loan servicer. This is an important advancement in the company’s desire to help customers and clients meet all of their financial needs. A mortgage is one of the key foundations of many customer relationships. (more…)



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The Work Number Ensures Lender Compliance with Fannie Mae's Loan Quality Init...
announced today that social security number verification can be easily fulfilled using its DirectChek identity fraud solution, a product offering from the recent acquisition of The Rapid Reporting Company. DirectChek assists lenders in meeting the new
The Work Number Ensures Lender Compliance with Fannie Mae's Loan Quality Init...
ST. LOUIS, March 11 /PRNewswire/ -- The Work Number® announced today that social security number verification can be easily fulfilled using its DirectChek identity fraud solution, a product offering from the recent acquisition of The Rapid Reporting
The Work Number Ensures Lender Compliance with Fannie Mae's Loan Quality Init...
announced today that social security number verification can be easily fulfilled using its DirectChek identity fraud solution, a product offering from the recent acquisition of The Rapid Reporting Company. DirectChek assists lenders in meeting the new
The Work Number Ensures Lender Compliance with Fannie Mae's Loan Quality Init...
announced today that social security number verification can be easily fulfilled using its DirectChek identity fraud solution, a product offering from the recent acquisition of The Rapid Reporting Company. DirectChek assists lenders in meeting the new
Omam prepares to unveil British fund
Old Mutual Asset Managers (Omam) has announced it will launch a British absolute return fund for Luke Kerr in May. The Old Mutual UK Specialist Absolute Return fund will be an Ireland-domiciled Ucits III portfolio, investing primarily in British equities
Group set to convert absolute return to Ucits III
Standard Life Investments (SLI) is converting its Global Absolute Return Strategies (GARS) into a Ucits III format later this month. The £2 billion fund, managed by SLI?s multi-asset team, is structured as a non-Ucits retail scheme (Nurs) but will be
Money market funds hit by switch to equities
Money market funds have struggled to recover from the effects of the credit crisis, suffering net outflows over the past couple of months as investors have switched into equity funds. According to EPFR Global Fund Data, which covers funds registered for
Capstead Mortgage declares Q1 common stock dividend
Extract not available.
Getting a mortgage refinance will save you money each month
Since a mortgage refinance is a secured loan the interest rate is going to be less then what you are getting currently. Usually most people will attempt to get rid of high interest loans through a . Most of these high interest loans that people have are
Market Moving News displays Mortgage rates staying under 5% for the second st...
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U.S. Mortgage Foreclosures grow by 6% in February
The mortgage foreclosures were reported up by 6% in the month of February, according to an industry report released by RealtyTrac Inc., a California based seller of default data, on Thursday. This is reported as the slowest growth rate of Foreclosures in
The Work Number Ensures Lender Compliance with Fannie Mae's Loan Quality Init...
ST. LOUIS, March 11 /PRNewswire/ -- The Work NumberĀ® announced today that social security number verification can be easily fulfilled using its DirectChek identity fraud solution, a product offering from the recent acquisition of The Rapid Reporting
Capstead Mortgage Corporation Declares a $0.50 Per Share First Qu...
Company: Capstead Mortgage Corp. (CMO) Capstead Mortgage Corporation (NYSE: CMO) announced today that it will pay a first quarter 2010 dividend of $0.50 per common share on April 20, 2010 to stockholders of record as of March 31, 2010. About Capstead
Fannie Mae to offer $6b in notes
NEW YORK -- Fannie Mae on Thursday said it will offer $6 billion of new 3-year notes due May 7, 2013. The offering was first announced Wednesday without specifics. The notes were priced at $99.839 and will yield 1.803 percent each May 7 and November 7.

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