Mortgage and Financial News From 2007-10-24 Page 2

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  • Merrill Lynch posts third-quarter loss, roiled by mortgage and credit crisis (Canadian Business)

    Joe Bel Bruno, The Associated Press October 24, 2007 - 11:35 a.m. NEW YORK - Merrill Lynch & Co., the world's biggest brokerage, on Wednesday said the summer's credit crisis triggered a bigger-than-expected US$7.9 billion writedown during the third quarter.
    2007-10-24 08:56:13

  • Merrill Lynch posts steep Q3 loss, roiled by mortgage and credit crisis (MSN Money Canada)

    Bad bets on mortgage securities and leveraged loans used for corporate takeovers caused it to post its first loss in six years. The blow makes Merrill Lynch the hardest-hit investment bank on Wall Street amid the recent market turmoil.
    2007-10-24 06:42:03

  • Merrill Lynch posts third-quarter loss, roiled by mortgage and credit crisis (MSN Money Canada)

    Bad bets on mortgage securities and leveraged loans used for corporate takeovers caused the brokerage's first loss in six years. Merrill Lynch's quarterly performance was the worst by far of the Wall Street firms, all of which were slammed by the market turmoil.
    2007-10-24 09:12:05

  • 'Enough Is Enough': These Black-Female Execs Proud of Natural Hair

    Diversity Inc - Major Latino Group Dumps KC Over Minutemen, From LGBT Rights to Mortgages: Rep. Frank Introduces New Subprime Bill; Want to Be ... Reverse Sex Discrimination On the legal docket this month: An employee passing for white losing a discrimination claim ...
    2007-10-23 04:04:00

  • Your report: Price drops across Canada?

    CBC News - This ranges from the taxes we pay on gas, to the huge profit banks are making on mortgages and other services (and offering very little in return), to this price disparity between Canada and the US. And I really don't understand why our communication ...
    2007-10-21 05:53:00

  • We should treasure independent schools

    Daily Telegraph - ... threats come from affordability, especially with younger parents saddled with paying off their own university debts, mortgages ... the performance of both sectors wider than ever, despite 10 years of strong political will and high spending to reverse it ...
    2007-10-24 04:14:00

  • Yen Advances as Merrill Lynch Reports $7.9 Billion Writedowns

    Bloomberg - Merrill's third-quarter writedown, for subprime mortgages and asset-backed bonds, exceeded the $5 billion announced earlier ... of two hedge funds managed by the company sparked a collapse of the subprime mortgage market, forcing investors to reverse ...
    2007-10-24 04:57:00

  • Inflation deflates Howard's chances

    News.com.au - A political party that wants to reverse these changes is a political party that would unleash inflation, and as a result, an ... Consumer spending is at its highest level ever!.Credit card debt highest level ever! ,Mortgages highest level ever! We are a ...
    2007-10-24 07:16:00

  • Stocks Reverse Most Losses on Rate-Cut Rumors

    CNBC - Stocks Reverse Most Losses on Rate-Cut Rumors ... world's largest brokerage, reported its first quarterly net loss in six years , blaming bad bets on risky subprime mortgages ...
    2007-10-24 01:11:00

  • Stocks modestly lower after Merrill's credit losses, decline in ...

    CNBC - Merrill said it wrote down $7.9 billion in fixed-income instruments called collateralized debt obligations and from defaulting subprime mortgages _ more than the $5 billion writedown the investment bank estimated earlier this month. The result was a ...
    2007-10-24 12:42:00

  • Ambac Posts First Loss as Subprime Bond Prices Drop (Update3) (Bloomberg.com)

    Oct. 24 (Bloomberg) -- Ambac Financial Group Inc., the world's second-largest bond insurer, reported its first quarterly loss after reducing the value of subprime mortgage-linked securities the company guarantees by $743 million.
    2007-10-24 08:25:07

  • Ambac Posts First Loss as Subprime Bond Prices Drop (Update5) (Bloomberg.com)

    Oct. 24 (Bloomberg) -- Ambac Financial Group Inc., the world's second-largest bond insurer, reported its first quarterly loss after reducing the value of subprime mortgage-linked securities by $743 million.
    2007-10-24 11:55:07

  • Wednesday's Financial Winners & Losers (TheStreet.com)

    Merrill and National City fall on earnings misses.
    2007-10-24 12:18:35

  • Credit Woes Heighten Risk of Recession (KiplingerForecasts.com)

    Big banks are trying to prevent a sell-off of assets in what may be a last chance to save the economy from going into reverse.
    2007-10-24 07:21:40

  • Lenders slow to rescue failing mortgages Send a link to a friend

    Lincoln Daily News - ... second-largest bank, said it modified 3,200 home loans representing $240 million during the eight months ended Aug. 30 and had just 192 homes in foreclosure as of Sept. 30. [ to top of second column ] The bank declined to break out how many mortgages ...
    2007-10-24 07:48:00

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