Mortgage and Financial News From 2007-10-29 Page 2

RSS Feed

Previous Day: 2007-10-28

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

  • Forex - Dollar trades near record low vs euro on speculation of Fed ...

    Forbes - The Fed is likely to trim rates for a second time this year to help its ailing financial sector, hit hard by unpaid housing mortgages, and keep the economy from slipping into a recession. The Fed's policy making body, the Federal Open Market ...
    2007-10-28 10:38:00

  • Loews Profit Drops on CNA Settlement, Investment Loss (Update3)

    Bloomberg - This year's figure includes the writedown of $122 million in assets, about a quarter of them linked to subprime mortgages, and gains on derivate contracts, Chief Financial Officer Craig Mense said on the call. In the second quarter, CNA reported an ...
    2007-10-29 01:55:00

  • AP Business NewsBrief at 1:00 a.m. EDT

    CNBC - The nation's second largest telecommunications company earned $1.27 billion, or 44 cents per share, in the July-September ... The world's largest brokerage took a $7.9 billion writedown for subprime mortgages and asset-backed bonds whose values went ...
    2007-10-29 10:01:00

  • Target Short Interest Signals Shopping to Fall With Home Values

    Bloomberg - Same-store sales growth slowed by almost 1 percentage point for the first half of the year and the second half may have ... U.S. consumers are coping with lower home values, and some owners with adjustable-rate mortgages face higher monthly payments ...
    2007-10-29 10:16:00

  • ABC Bank gives home mortgages a second try

    Austin Business Journal - American Bank of Commerce has started offering mortgages in the Austin area after a 15-year hiatus from home loans. ABC Bank plans to expand the mortgage division to its other markets in or near Lubbock, Dallas, Colorado Springs and Pueblo, Colo. ABC ...
    2007-10-25 05:56:00

  • U.S. Stocks Gain, Led by Commodity Shares; Exxon, Freeport Rise

    Bloomberg - Oct. 29 (Bloomberg) -- U.S. stocks rose for a second day after higher prices for oil and metals boosted producers of energy ... The loss was derived from $8.4 billion of writedowns for subprime mortgages, asset-backed bonds and loans gone bad under O ...
    2007-10-29 02:59:00

  • Fitch Ratings Affirms 6 & Downgrades 1 from SBMS VII 2001-1

    Forbes - The collateral in the aforementioned transaction consists of 30 year fixed-rate and adjustable-rate mortgages extended to subprime borrowers secured by first and second liens on one- to four-family residential properties. All loans were originated by ...
    2007-10-29 07:50:00

  • Fitch Affirms 5 & Downgrades 1 from SASCO 2006-GEL1

    Forbes - The mortgage pool consists of conventional, first and second lien, adjustable- and fixed-rate residential mortgages. All of the loans are master serviced by Aurora Loan Services Inc, which is currently rated 'RMS1-' by Fitch. Fitch will continue to ...
    2007-10-29 10:41:00

  • Fitch Downgrades 2 & Places 1 RMBS Class on Watch Negative from MESA ...

    Forbes - The mortgage pool consists of conventional, first and second lien, adjustable- and fixed-rate residential mortgages. The mortgage loans were originated by Option One Mortgage Corp. The loans are serviced by Option One Mortgage Corp., Inc. (rated ...
    2007-10-29 10:49:00

  • Mexico's Banorte eyes second Texas bank acquisition

    Reuters - MONTERREY, Mexico, Oct 29 (Reuters) - Banorte, Mexico's fifth-largest bank, said on Monday it is looking to buy a second ... Banorte offers mortgages through INB to U.S. retirees so they can buy seaside homes in Baja California and other profitable ...
    2007-10-29 03:28:00

  • Local Woman Allegedly Cons Seniors For Millions

    KTNV - And she allegedly convinced some victims to take second mortgages on their own homes to come up with the money to invest. All along, according to Allen, she was saying her investment was a way to protect his savings. Instead, Allen will be lucky to get ...
    2007-10-29 03:35:00

  • United Overseas' 3rd-Quarter Net Rises on Loans, Fees (Update1)

    Bloomberg - Oct. 30 (Bloomberg) -- United Overseas Bank Ltd., Singapore's second-largest bank, said third-quarter profit rose 8.2 ... banks are going to continue to benefit from loan growth given the ongoing activity in the construction sector and mortgages ...
    2007-10-29 10:23:00

  • Merrill Lynch drops $7.9B

    Detroit News - Subprime mortgages and weak bonds hit brokerage hard; search on for new leadership. Joe Bel Bruno / Associated Press NEW YORK ... It could lead to the second-straight loss after Merrill went into the red by $2.4 billion during the third quarter. The new ...
    2007-10-29 10:01:00

  • Mortgage reform bill gets mixed reactions

    Lansing State Journal - While he has not missed any payments, the combined $680 a month his first and second mortgages now cost is close to 40 percent of the couple's income. His interest rates are above 10 percent and could go as high as 15 percent. They're in a bankruptcy ...
    2007-10-29 10:01:00

  • U.S. Stocks Gain, Led by Commodity Shares; Exxon, Newmont Rise (Bloomberg.com)

    Oct. 29 (Bloomberg) -- U.S. stocks rose for a second day, led by commodities producers, after the price of oil climbed to a record and metals prices advanced.
    2007-10-29 07:57:50

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