Mortgage and Financial News From 2007-10-18 Page 5

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  • NEW: Coalition to fight rising foreclosure rate

    Oakland Tribune - Russo's new Oakland Fair Lending Coalition also set up a hotline -- 510-BE-ALERT -- where homeowners can get advice if they are in foreclosure or have defaulted on a mortgage. The hotline is also for tenants in foreclosed upon buildings, many of whom ...
    2007-10-18 05:14:00

  • Mortgage Mess Takes Toll on WaMu's Results (Smart Money)

    The bank's stock took a big hit Thursday thanks to a steep drop in profits. Advertisement A.G. Edwards & Sons, Inc. - the nest egg company For more than 120 years, dedicated to providing you objective financial advice and looking out for your best interests.
    2007-10-18 10:59:33

  • Outlook Roundup: Arbitron, Watsco

    CNBC - WALNUT CREEK, Calif. (AP) _ Mortgage insurer PMI Group Inc. said Thursday it expects to report a net loss of $1.05 per share for the third quarter due its weakening mortgage insurance business and writedowns on derivatives. PISCATAWAY, N.J. (AP ...
    2007-10-18 08:38:00

  • US judge orders release of Sierra Leone detainee accused of war crimes

    International Herald Tribune - In an interview with The Associated Press last week, he said the prolonged incarceration had forced his family to use up their savings and give up their health insurance as they struggled to pay their mortgage. Kambo could have been released without ...
    2007-10-18 05:43:00

  • Webster Bank to Celebrate Grand Openings of Two New Branches in

    MSN MoneyCentral - With $16.9 billion in assets, Webster provides business and consumer banking, mortgage, insurance, financial planning, trust and investment services through 179 banking offices, 339 ATMs, telephone banking and the Internet. Webster Bank owns the ...
    2007-10-18 08:53:00

  • PMI Group Sees Quarterly Loss on U.S Defaults, FGIC (Update1)

    Bloomberg - Oct. 18 (Bloomberg) -- PMI Group Inc., the second-largest U.S. mortgage insurer, forecast a third-quarter loss of $1.05 a share, citing losses in its U.S. unit and a drop in the value of its stake in Financial Guaranty Insurance Company. PMI's U.S ...
    2007-10-18 04:35:00

  • PMI Group Expects Net Loss In Q3 On Housing And Mortgage Markets ...

    RTT News - 10/18/2007 12:29:45 PM PMI Group Inc. (PMI), a provider of residential mortgage insurance and credit enhancement products, on Wednesday said that it expects to report a net loss in the third quarter of 2007, due to the continued weak housing and ...
    2007-10-18 09:21:00

  • PMI Group sees third-quarter net loss

    Reuters - Last: Oct 18 (Reuters) - PMI Group Inc (PMI.N: Quote , Profile , Research ), which provides residential mortgage insurance, said it expects a quarterly loss due to the continued weak housing and mortgage markets and associated dislocation in the ...
    2007-10-18 07:27:00

  • PMI Group to report loss of $1.05 per share due to weakening mortgage ...

    CNBC - WALNUT CREEK, Calif. - Mortgage insurer PMI Group Inc. said Thursday it expects to report a net loss of $1.05 per share for the third quarter due its weakening mortgage insurance business and writedowns on derivatives. The main drivers are rising ...
    2007-10-18 04:14:00

  • Fukui Says U.S. Subprime-Mortgage Concern Remains (Update2)

    Bloomberg - Subprime-Mortgage Concern Remains (Update2) By Jason Clenfield Oct. 18 (Bloomberg) -- Bank of Japan Governor Toshihiko Fukui ... Allstate Shares Drop As Net Income Falls on Lower Home Insurance Revenue Buffett Tells Fox He Won't Invest in Bear ...
    2007-10-18 05:57:00

  • UPDATE 2-PMI Group sees Q3 loss; cites housing, mortgage markets

    Reuters - In a statement, the company said it sees a net loss of about $1.05 a share in the third quarter, primarily due to losses at its U.S. mortgage insurance operations and a mark-to-market adjustment at its unconsolidated unit FGIC. Analysts expect a ...
    2007-10-18 02:44:00

  • UPDATE 3-PMI Group sees Q3 loss on housing, mortgage fallout

    Reuters - The credit side on domestic mortgage insurance is the problem and there is no clarity on how bad that can get right now," Geoffrey Dunn, an analyst with Keefe, Bruyette & Woods said by phone. Dunn said he downgraded the shares last week, and ...
    2007-10-18 02:44:00

  • PMI Group Sees Quarterly Loss on U.S Defaults, FGIC (Update1) (Bloomberg.com)

    Oct. 18 (Bloomberg) -- PMI Group Inc., the second-largest U.S. mortgage insurer, forecast a third-quarter loss of $1.05 a share, citing losses in its U.S. unit and a drop in the value of its stake in Financial Guaranty Insurance Company.
    2007-10-18 04:13:01

  • PMI Group to Swing to Loss in 3Q (AP via Yahoo! Finance)

    Mortgage insurer PMI Group Inc. said Thursday it expects to report a net loss of $1.05 per share for the third quarter due its weakening mortgage insurance business and writedowns on derivatives.
    2007-10-18 04:15:05

  • Cover your money; banks do fail (Atlanta Journal-Constitution)

    For most of us, our bank accounts are lifelines for making vital payments from mortgage notes to grocery bills. And for the most part, we rarely give a second thought to the stability of the bank we've picked to hold our money. That's especially true because the Federal Deposit Insurance Corp. guarantees the safety of our deposits up to $100,000 or $250,000, depending on type of account, against ...
    2007-10-18 05:48:01

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