Mortgage and Financial News From 2007-10-18 Page 14

RSS Feed

Previous Day: 2007-10-17

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

  • Commercial paper market still shaky

    CNN Money - Paper backed by assets like credit card debt and home loans has been hit the hardest. The contraction in this short-term ... The fund aims to make it easier for SIVs to meet redemptions and refinance their paper. Commercial paper usually matures within ...
    2007-10-18 09:50:00

  • GMAC announces job cuts, including 10 in Waterloo

    Waterloo Cedar-Falls Courier - Subprime borrowers have had trouble making their payments, and stagnant or falling home prices have made it harder for them to refinance. That has made investors wary of buying the loans from originators like ResCap, squeezing the finances of GMAC ...
    2007-10-18 09:57:00

  • Home Invaders Get Away With $2,000 From Elderly Titusville Woman (WFTV 9 Orlando)

    A 75-year-old woman woke up in the middle of the night to find three robbers in her home and a gun to her head. Investigators said the robbers forced her and her grandson into a bathroom. VIDEO: Armed Men Ransack Elderly Woman's House, Take $2,000
    2007-10-18 03:58:54

  • Fire Destroys Home; Dad, Son Escape (WBAL-TV Baltimore)

    Authorities are trying to determine the cause of a two-alarm fire that destroyed a home in Carroll County.
    2007-10-18 07:53:05

  • Landlords reap rewards in housing slump

    San Diego Union-Tribune - ... have returned some homeowners to the rental market, while the recent credit crunch ... It is great for landlords but bad for the rest of us who need a place to live ... Sharga said he expects several waves of mortgage failures over the next 14 months as ...
    2007-10-18 04:35:00

  • New Credit Storm Clouds Form

    Barron's Online - New Credit Storm Clouds Form THE CREDIT SQUALLS SUPPOSEDLY HAD PASSED , but the ... Reserve's interest-rate cuts and the Treasury-brokered superfund to clean up mortgage ... And when U.S. officials pushed the Japanese to take the hit for their bad loans ...
    2007-10-18 07:48:00

  • Profiting from subprime turmoil

    CNN Money - ... massive fund to prop up the hardest-hit victims of the subprime mortgage crisis got investors worrying again. Specifically, they're concerned that potential losses from bad ... The credit crisis itself is very complicated, but here's pretty much what ...
    2007-10-18 06:51:00

  • Charges jolt SunTrust earnings

    MSN MoneyCentral - Charges related to a round of job cuts, the deteriorating housing market and bad loans all contributed to ... the company's provision for loan losses increase 139 percent, to $147 million, thanks to the faltering credit market and subprime mortgage ...
    2007-10-18 07:13:00

  • Government help to bank fund pushes bounds of moral hazard

    Reuters - ... Reuters) - In a financial crisis, government officials face a quandary: let bad ... runs the risk of fostering more of the same risky practices that led the credit ... paper, which has been hard hit by problems stemming from rising U.S. mortgage defaults
    2007-10-18 06:51:00

  • U.S. Stocks Fall on Bank of America, Washington Mutual Earnings

    Bloomberg - ... this month after Bank of America Corp. and Washington Mutual Inc. reported earnings that declined because of bad ... officer at Putnam Investments in Boston. ``The fact that they had such a large miss raises concerns that the credit woes, the mortgage ...
    2007-10-18 07:13:00

  • Bank of America Earnings Skid, Surprising Investors

    CNBC - We knew the credit situation was going to be bad, but this was worse than expected," he said. "What causes us concern is  the increase in ... involved in some riskier markets, including subprime mortgage lending. Nevertheless, the bank generates a ...
    2007-10-18 06:51:00

  • Stocks down on Bank of America

    Boston Globe - ... America Corp reported a sharp drop in earnings, stoking concern the credit ... and other loans and recorded losses from structured products, including mortgage ... All of the news has been bad, and people that are optimistic on stocks are ...
    2007-10-18 08:53:00

  • Earnings Fall 32 Percent at Bank of America

    New York Times - Meanwhile, the investment bank was hurt badly by the credit market turmoil, as the dismal ... It absorbed a $607 million loss from bad trading bets. Its business package complex mortgage bonds and other asset-backed securities lost $527 ...
    2007-10-18 10:40:00

  • PMI Falls on Expected Loss From Borrower Defaults (Update1)

    Bloomberg - PMI has the largest Florida exposure of the `big three' mortgage insurers,'' said Seth Glasser, a credit analyst at Barclays Capital Inc., in a ... Stagnant home prices make it harder for banks to recover when loans go bad. PMI dropped $3 ...
    2007-10-18 10:40:00

  • SunTrust Net Income Falls 23 Percent on Bad Loans (Update2)

    Bloomberg - SunTrust Net Income Falls 23 Percent on Bad Loans (Update2) By Elizabeth Hester ... Executive Officer James Wells is trying to rein in expenses as earnings from mortgage ... I worry about credit here,'' Gary Townsend, an analyst at Freidman Billings Ramsey ...
    2007-10-18 06:08:00

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