Mortgage and Financial News From 2007-10-24 Page 3

RSS Feed

Previous Day: 2007-10-23

Return to the mortgage news archive home.

Page:  01 2 3 4 5 6 7 8 9 10 11 12 13 14 15
 16 17 18 19 20 21 - 40

  • Implausible Deniability?

    Wall Street Journal - It isn't only that Merrill Lynch, the Wall Street firm he runs, took $7.9 billion of write-downs just on subprime mortgages ... Merrill also was the top CDO arranger in 2006 and is in second place this year. That should have given it a bird's eye view ...
    2007-10-24 05:57:00

  • US rate cut looks certain after new data

    Times Online - Speculation that the US Federal Reserve will order a second, aggressive half-point cut in American interest rates next week ... ING Financial Markets noted that with interest rates on so-called “jumbo” mortgages for more than $417,000 still some 0.7 ...
    2007-10-24 03:41:00

  • Merrill Writedown Mushrooms

    Street.Com - Updated from 7:40 a.m. Merrill Lynch ( MER - Cramer's Take - Stockpickr ) stunned Wall Street for the second time this month Wednesday with the disclosure that it was forced into a $7.9 billion writedown of bad debt tied to risky mortgages and so ...
    2007-10-24 10:12:00

  • Fitch Affirms 12 & Downgrades 1 Class from 1 MABS RMBS Securitization

    Forbes - The collateral of the above transaction primarily consists of conforming and non-conforming, fixed-rate and adjustable-rate subprime mortgage loans secured by first and second liens on residential properties. The mortgages collateralizing the series ...
    2007-10-24 10:04:00

  • Centex Cut Home Prices 15-20 Percent

    MSN MoneyCentral - DALLAS (AP) - Centex Corp. cut prices on many of its homes and offered more traditional mortgages this summer, executives say ... The price of the average home Centex sold fell 8 percent to $280,816 in the fiscal second quarter that ran from July ...
    2007-10-24 03:05:00

  • World Property Investment May Fall on Credit, Jones Lang Says

    Bloomberg - Oct. 24 (Bloomberg) -- Global direct real estate investment may fall this year as concerns about defaults on U.S. mortgages prompted lenders to tighten credit, said Jones Lang LaSalle Inc., the world's second-largest commercial real estate broker ...
    2007-10-24 12:25:00

  • Bank of America to Eliminate 3,000 Jobs

    Forbes - ... said Wednesday it will eliminate 3,000 jobs, an announcement that came less than a week after the nation's second-largest ... Such investments - especially subprime mortgages made to borrowers with weak credit - plummeted in value this summer as rising ...
    2007-10-24 05:35:00

  • ANZ, Insulated From Credit Crisis, Has Record Profit (Update2)

    Bloomberg - Oct. 25 (Bloomberg) -- Australia & New Zealand Banking Group Ltd. posted record second-half profit as the fastest revenue ... the quickest lending growth in 18 years while non-bank companies such as Rams Home Loans Group struggle to finance mortgages ...
    2007-10-24 05:57:00

  • Contractor brothers ordered to trial

    Bucks County Courier Times - Foundations were dug and then abandoned. Second floors were stripped of their walls and then deserted in wintertime. Second mortgages had to be taken out just to fix the allegedly shoddy and painfully incomplete projects. That's what some 15 people ...
    2007-10-24 05:54:00

  • National City's Net Income Falls on Mortgage Lending (Update3)

    Bloomberg - Raskind said the company had about $6.6 billion of loans made by First Franklin still on its books with about $1.7 billion of those second mortgages. The number of Americans who may lose their homes to foreclosure reached a record in the ...
    2007-10-24 08:24:00

  • Stocks end rocky session lower

    MSNBC - 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 ...
    2007-10-24 01:32:00

  • Writedown reveals Merrill's exposure

    MSNBC - But equally surprising was the sheer size of the exposure Merrill revealed. At the end of the second quarter, well after serious signs of distress were evident in US subprime mortgages, Merrill had $32bn of net exposure related to collateralised debt ...
    2007-10-24 04:31:00

  • U.S. Stock-Index Futures Drop; Merrill Lynch, Amazon.com Fall (Bloomberg.com)

    Oct. 24 (Bloomberg) -- U.S. stock-index futures declined after Merrill Lynch & Co. reported a bigger-than-expected third- quarter loss because of writedowns related to subprime mortgages, dimming the outlook for investment bank earnings.
    2007-10-24 06:24:57

  • Moody's Profit Falls 13% as Credit Slump Slows Demand (Update5) (Bloomberg.com)

    Oct. 24 (Bloomberg) -- Moody's Corp., the world's second- largest credit-rating company, posted third-quarter profit that missed analysts' estimates and lowered its forecast for the year after a debt market slump reduced demand.
    2007-10-24 01:40:17

  • Chicago Bank Takes Action Against Subprime Housing Crunch (The Online NewsHour)

    Chicago's ShoreBank has implemented a "rescue loan program" to help customers refinance home mortgages that may be in danger of default. A consumer advocate and a mortgage industry representative weigh in on how to best respond to the country's subprime loan crisis.
    2007-10-24 05:17:14

Page:  01 2 3 4 5 6 7 8 9 10 11 12 13 14 15
 16 17 18 19 20 21 - 40