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News For: Jefferson Pilot Financial Commercial MortgageR&G Financial enters into settlement agreement with Freddie Mac R&G Financial has announced that R&G Mortgage Corporation, its wholly owned Puerto Rico mortgage subsidiary, R-G Premier Bank of Puerto Rico, the companys wholly owned Puerto Rico chartered commercial bank subsidiary, and the Federal Home Loan Mortgage have entered into an agreement to settle the litigation with Freddie Mac. Mortgage Crisis Hits Home In South Mississippi As the financial wheelings and dealings of the mortgage industry continue to be uncovered, Peoples Bank Vice President of Mortgage Banking David Holman has watched and readied his company to respond. Calling Out the Culprits Who Caused the Crisis Looking for someone to blame for the shambles in U.S. financial markets? As someone who owns both an investment bank and commercial banks, and also runs a hedge fund, I have sat front and center and watched as this mess unfolded. And in my view, there's no need to look beyond Wall Street -- and t... Fitch Affirms SunTrust Mortgage Resi Servicer Rating of 'RPS2' Fitch Ratings affirms SunTrust Mortgage, Inc.'s STM U.S. residential primary servicer rating for prime product at 'RPS2'. The rating is based on the company's experienced and tenured management team and adequate loan administration processes and procedures. The rating also reflects the financial strength of STM's parent, SunTrust Banks, Inc. SunTrust which is rated 'A+' and on Negative Watch ... Genworth Financial shares rally on government plan CHARLOTTE, N.C. Shares of life and mortgage insurer Genworth Financial Inc. soared Friday as the government said it is working on a plan to help rescue banks from billions of dollars in toxic assets. A temporary ban on short selling also helped boost financial stocks. The Global Economy and Financial Turmoil: Finding our Footing Financial market developments over the past few days have been dramatic: The bankruptcy of a major U.S. investment bank, the acquisition of another by a large commercial bank, the federal government's intervention to shore up the GSEs, followed by the Federal Reserve's provision of a massive emergency loan to stave off a disorderly bankruptcy of the world's largest insurance firm, are the latest ... Reuters Business Summary Congress gets $700 billion financial bailout plan WASHINGTON - The Bush administration sent a $700 billion financial markets rescue plan to Congress on Saturday where Democrats are looking to add aid for distressed homeowners and other measures to help average citizens in addition to Wall Street. The plan to buy mortgage-related debt off the balance sheets of U.S. banks and ... Asian stocks soar on possible US rescue package Asian stock markets soared Friday after a punishing week as news of a possible U.S. government plan to rescue banks from toxic mortgage debt brought hope of a letup in the world's worst financial crisis in decades. AP source: US weighing financial crisis plans WASHINGTON - The government is weighing several options to ease Wall Street's worst financial crisis in decades, according to a person with knowledge of the talks. But taking over banks' bad debt, an idea that rallied the stock market on Thursday, is no certainty. Mortgage Bankers Anticipate More Activity The phone has been ringing nonstop for Sam Goff, mortgage loan originator for Evolve Mortgage and vice president of the Memphis Mortgage Bankers Assoc.... |