Mortgage and Financial News From 2008-6-6 Page 7

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• Financial Stocks: Sector pulls back as AIG, National City face regulatory scrutiny (Market Watch)

  Shares of U.S. financials lose ground along with the broader market, with both AIG and National City conspicuously weak in the aftermath of reports that they've come under the scrutiny of federal regulators.
  2008-06-06 08:23:01

• LEGAL NOTICES 6-5-08 (Drummer)

  Estate of Ethel Bredt, Decedent. NOTICE AND ORDER OF HEARING ON PETITION FOR PROBATE OF WILL AND APPOINTMENT OF PERSONAL REPRESENTATIVE AND NOTICE TO CREDITORS.
  2008-06-06 08:24:25

• Florida CFO: Foreclosure fallout looms large (BizJournals)

  Florida has not "even begun to see the end of the foreclosure issue," warns the state's Chief Financial Officer Alex Sink.
  2008-06-06 08:40:21

• U.S. Bank Wealth Management Group Names Michael Boardman Central Region President and Twin Cities Market Leader (Centre Daily Times)

  Michael Boardman has been named Central region president and Twin Cities market leader for the U.S. Bank Wealth Management Group. He reports directly to Mark Jordahl, president of the U.S. Bank Wealth Management Group.
  2008-06-06 08:44:20

• Rugby Realty buys Downtown Pittsburgh tower (Pittsburgh Business Times)

  One of Downtown Pittsburgh's biggest office landlords just got a little bigger.
  2008-06-06 08:51:50

• Baroness Noakes buys into Severn Trent (ShareCast via Yahoo! UK & Ireland Finance)

  A round-up of the biggest director deals today so far.
  2008-06-06 09:09:00

• Bradford & Bingley raises rates - BBC News

  The Bradford & Bingley has become the latest lender to raise its mortgage rates for new borrowers. Its rates for many new deals will rise by between 0.05% and 0.55% from Friday.
  2008-06-06 01:54:00

• National City under U.S. regulatory scrutiny: report (Muzi)

  National City Corp (NCC.N), a large U.S. Midwest regional bank, has entered into a memorandum of understanding with federal regulators, effectively putting the bank on probation, the Wall Street Journal said on Friday, without saying where it got the information.
  2008-06-06 07:18:03

• Florida Residential Real Estate Property: Tips In Buying One For The First Time (Turks.US)

  Florida is definitely a treasure trove of prime properties that can be a sound investment if you plan to settle down in the region. If it's your first time to purchase a residential property in area, then here are some tips to help you out.
  2008-06-06 07:19:57

• Lenders 'bullying' homeowners (The Courier Mail)

  BANKS and other mortgage lenders have been accused of using bullying tactics and quick threats of court action against NSW homeowners who are behind on their mortgage repayments.
  2008-06-06 07:23:00

• Mortgages: Lenders raise rates for new customers (Guardian Unlimited)

  Bradford & Bingley and Abbey announce increase in costs despite the Bank of England yesterday holding interest rates
  2008-06-06 07:30:02

• Mukasey Declines to Create a U.S. Task Force to Investigate Mortgage Fraud (NYTimes.com via Yahoo! Finance)

  The attorney general said he was confident that the current approach of using local prosecutors’ offices to oversee separate F.B.I. investigations was adequate.
  2008-06-06 07:37:15

• QUICK POLL (GlobeSt.com)

  DALLAS-Arbor Commercial Mortgage LLC will unveil the first-time conference, "How to Navigate the Capital Markets Storm with Agency Lending" on Tuesday, June 10 at the Westin Galleria Dallas, 13340 Dallas Pkwy. The event is taking place in conjunction with the RealShare Conference Series, and will offer trends and advice to current and potential borrowers.
  2008-06-06 08:02:24

• Freddie Mac CEO tries to reassure battered shareholders (AP via Yahoo! Finance)

  Freddie Mac's chief executive tried to reassure shareholders Friday that the mortgage finance company's fortunes will improve, after a year in which its share price was sliced by more than 60 percent amid a prolonged housing slump.
  2008-06-06 08:03:14

• Washington Mutual falls to 13-yr low; other mortgage lenders decline (The Forex Market)

  NEW YORK (Thomson Financial) - Shares of Washington Mutual tumbled to a 13-year low Friday, amid increased concerns over the outlook for the U.S. consumer following disappointing jobs data and the latest spike in crude oil prices.
  2008-06-06 08:12:57

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