Mortgage and Financial News From 2008-6-5 Page 10

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• U.K. Consumers Overcharged by $2.7 Billion on PPI (Update2) - Bloomberg

  June 5 (Bloomberg) -- Barclays Plc , Lloyds TSB Group Plc and other U.K. banks and retailers overcharge by as much as 1.4 billion pounds ($2.7 billion) a year on payment-protection insurance because consumers aren't advised they can choose other ...
  2008-06-05 02:24:00

• Industries You Love To Hate (Forbes)

  Airlines and aerospace, food and tobacco and financials are among the industries with the weakest reputations among consumers worldwide.
  2008-06-05 03:06:26

• Arson charged amid foreclosure (Fort Wayne Journal Gazette)

  A Fort Wayne man is charged with arson after allegedly setting fire to his home that was in the process of foreclosure in April.
  2008-06-05 03:06:52

• Where to Turn for Emergency Cash (Morningstar.com via Yahoo! Finance)

  We rank consumers' options, from best to worst.
  2008-06-05 04:00:00

• Webster To Offer $225 Million Non-Cumulative Perpetual Convertible Preferred Stock (PR Newswire via Yahoo! Finance)

  Webster Financial Corporation , the holding company for Webster Bank, N.A., announced today that it intends to offer 225,000 shares, or $225 million aggregate liquidation preference, of non-cumulative perpetual convertible preferred stock.
  2008-06-05 03:20:00

• Interest rates kept on hold at 5% (BBC News)

  UK interest rates are kept at 5% following a meeting of Bank of England's Monetary Policy Committee.
  2008-06-05 04:08:44

• Banking and Financial (Mondaq)

  The US Court of Appeals for the Seventh Circuit (the "Seventh Circuit") affirmed the dismissal by the US District Court for the Northern District of Illinois (Eastern Division) (the "District Court") of an excessive fee suit brought under Section 36(b) of the Investment Company Act of 1940, as amended (the "1940 Act"), against an adviser (the "Adviser") of registered open-end funds (the "Funds") ...
  2008-06-05 03:22:16

• Bank of England holds base rate at 5% (Money Marketing Online)

  The Bank of Englands Monetary Policy Committee has decided to maintain rates at 5 per cent this month. ...
  2008-06-05 04:14:16

• Applied Medico-Legal Solutions RRG, Inc. Earns Financial Stability Rating(R) of A, Exceptional From Demotech, Inc. (Marketwire via Yahoo! Finance)

  Applied Medico-Legal Solutions RRG, Inc. has earned a Financial Stability Rating® of A, Exceptional, from Demotech, Inc. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense ...
  2008-06-05 03:36:00

• Lenders and mortgage insurers pull back (Bankrate.com)

  In recent weeks, mortgages quietly became harder to get. Mortgage insurers require higher credit scores and bigger down payments than they did a month or two ago. Underwriting software used by brokers and loan officers is issuing fewer approvals than at the end of May.
  2008-06-05 03:55:56

• Interest rates left on hold (Guardian Unlimited)

  The Bank of England has voted to leave UK interest rates at 5%, despite calls to give Britain's weakening economy and housing market a boost with a quarter-point cut
  2008-06-05 04:15:11

• What to know about FHA loans (Bankrate.com)

  It's a common misconception, but in fact, the FHA is not a lender. Nor does the FHA give people money to buy a home or set interest rates on home loans.
  2008-06-05 03:56:17

• INSTANT VIEW - Bank keeps interest rate steady at 5 percent (Reuters via Yahoo! UK & Ireland News)

  The Bank of England left interest rates at 5 percent on Thursday, as expected.
  2008-06-05 04:19:00

• FHA loan comparison questionnaire (Bankrate.com)

  It's important to compare offers from several lenders before you select an FHA-insured loan because the interest rate and terms can vary. Here are some of the many questions you should ask about each loan:
  2008-06-05 03:57:15

• Fifth Third Takes Active Lending Role (TheStreet.com)

  The bank last month began requiring brokers of its REO properties to apprise potential buyers of its financing options.
  2008-06-05 04:33:16

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