Mortgage and Financial News From 2008-2-22 Page 17

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  • Upbeat Lloyds TSB raises dividend (Financial Times)

    Lloyds TSB on Friday signalled its readiness to take advantage of the upheaval in the banking industry as the British lender reported robust pre-tax profits of £4bn ($7.9bn, €5.3bn).
    2008-02-22 05:37:40

  • Are you protected if the wheels fall off? (Daily Telegraph)

    If recession comes, payment protection insurance could be a lifeline. But buy with care, says Stephen Ellis – 85 per cent of claims are unsuccessful.
    2008-02-22 05:44:31

  • Brother Of Hall Of Fame Boxer Gets Prison (CBS 5 Phoenix)

    The former manager and trainer of Hall of Fame boxer Michael Carbajal is sentenced to 4.5years in prison in connection with a fraud scheme.
    2008-02-22 05:55:27

  • Lloyds TSB Profit Rises 10%, Helped by Consumer Loans (Update3) (Bloomberg.com)

    Feb. 22 (Bloomberg) -- Lloyds TSB Group Plc , the biggest U.K. provider of personal loans, said second-half profit increased 10 percent, helped by mortgage lending, asset sales and cost controls.
    2008-02-22 05:58:40

  • U.S. credit woes seep across the border

    Globe and Mail - Last spring, mortgage lenders who bundle their loans and sell shares in that package to investors - known as conduits - accounted for about 25 per cent of Canada's $16-billion mortgage financing market, he says.
    2008-02-19 06:02:00

  • County's investments escaping market woes, fund manager says

    Journal-News - Unlike some other governments in the county, Yacobozzi said none of the county's money is tied to mortgage lenders or other investments that have soured in recent months.
    2008-02-22 03:49:00

  • Northern Rock axes 125% mortgage

    MyFinances.co.uk - Northern Rock has pulled its Together mortgage products, which offer 125 per cent loans to homeowners, from the market. The move, announced yesterday, makes the bank the latest in a long line of lenders to withdraw high loan-to-value (LTV) mortgages ...
    2008-02-22 02:02:00

  • Watchdog bans mortgage brokers

    Channel 4 News - The City watchdog has banned two mortgage brokers for submitting false applications to lenders. The Financial Services Authority (FSA) said Amjad Malik and Tahir Mahmood, who were partners at mortgage broker Abbaci Associates, had made applications ...
    2008-02-20 05:39:00

  • Northern Rock Plan Approved

    Seattle Times - While rival mortgage lenders fear that the government support will give the bank an unfair advantage, unions fear large-scale job losses among its 6,250 employees, and shareholders are angry that they will receive either very little or nothing for ...
    2008-02-22 02:30:00

  • Mortgage lending rises by 11%, but outlook remains uncertain

    Guardian Unlimited - "Considerable uncertainty" in the housing market is likely to keep mortgage lending at a low level over the coming months, despite a surprise jump in figures for January, the Council of Mortgage Lenders (CML) said today. Total mortgage lending rose ...
    2008-02-20 06:15:00

  • Wall Street faces fury over subprimes

    Associated Press - Although the foreclosure-blighted cities of Cleveland and Baltimore have sued seeking to recover damages from mortgage lenders, most of the cases filed so far are from regulators alleging violations of state securities laws.
    2008-02-22 03:56:00

  • Mortgage reforms beaten back

    Portland Tribune - Ben Westlund, D-Tumalo, was shelved in the face of what Westlund described as a “cannon blast” of opposition from mortgage lenders. Thursday morning, the Oregon House of Representatives salvaged two elements of Westlund’s bill in scaled-back ...
    2008-02-21 11:53:00

  • Jumbo loan rates still in the air

    Los Angeles Times - As loan delinquencies have soared and scores of mortgage lenders have folded, many remaining lenders have become unwilling to make loans unless they know they can sell them to Fannie Mae and Freddie Mac, the government-sponsored mortgage finance ...
    2008-02-21 11:53:00

  • UK, Spanish, Irish housing markets to pressurise mortgage lenders in ...

    Forbes - MUMBAI (Thomson Financial) - Fitch Ratings said it expects that a continued deterioration in the UK, Spanish and Irish housing markets will place pressure on some mortgage lenders in 2008, and selective rating actions on specific issuers cannot be ...
    2008-02-21 03:43:00

  • Exposed: Best mortgage SVRs

    MyFinances.co.uk - A total of 57 mortgage lenders have changed their standard variable rates (SVR) following this month's interest rate cut. Of those lenders, eight failed to pass on the Bank of England's full 0.25 per cent reduction in rates including Northern Rock ...
    2008-02-22 03:56:00

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