Mortgage and Financial News From 2008-1-16 Page 10

RSS Feed

Previous Day: 2008-01-15

Return to the mortgage news archive home.

  • National business briefs - Minneapolis Star Tribune (subscription)

    National business briefsMinneapolis Star Tribune (subscription), MN - 1 hour agoCountrywide Financial Corp. said it helped more than 81000 borrowers keep mortgage payments manageable in 2007, part of a stepped-up campaign by the ...
    2008-01-16 06:45:46
  • Northern Rock has exposed the reality of the free market - Guardian Unlimited

    Northern Rock has exposed the reality of the free marketGuardian Unlimited, UK - 1 hour agoA strong case can be made for a strategic public presence in the finance sector or a publicly owned mortgage bank specialising, say, in the needs of ...
    2008-01-16 06:50:49
  • Renters feeling the burn of foreclosure - EyeOutForYou.com

    Renters feeling the burn of foreclosureEyeOutForYou.com, CA - 1 hour agoWe have been tracing the title of this home through several mortgage companies, the trail has lead us to automated systems and un-returned calls. ...
    2008-01-16 06:57:47
  • Greenspan to advise NY hedge-fund firm Paulson - China Post

    Greenspan to advise NY hedge-fund firm PaulsonChina Post, Taiwan - 1 hour agoThe Paulson Credit Opportunities Fund soared almost sixfold, helped by bets on slumping housing and subprime mortgage prices, according to investor letters ...
    2008-01-16 07:06:16
  • Ambac Announces Plan To Raise $1B; MBIA Affirmed - Bond Buyer (subscription)

    Ambac Announces Plan To Raise $1B; MBIA AffirmedBond Buyer (subscription), NY - 1 hour agoAmbac also expects to report a pre-tax loss of $143 million related to exposure to home equity lines of credit and other residential mortgage-backed ...
    2008-01-16 07:11:09
  • Tata Consultancy Expects to Win Clients From Subprime (Update1) - Bloomberg

    Tata Consultancy Expects to Win Clients From Subprime (Update1)Bloomberg - 1 hour ago... of subprime-mortgage investments by $18.1 billion for the fourth-quarter and cut its dividend for the first time since the company was created in 1998, ...
    2008-01-16 07:39:50
  • Tokyo shares end morning higher on bargain-hunting - UPDATE - Forbes

    Tokyo shares end morning higher on bargain-hunting - UPDATEForbes, NY - 57 minutes agoKDDI gave up early gains to end 5000 yen or 0.6 percent lower at 821000 after the Nikkei reported that the telecommunications company has reached a basic ...
    2008-01-16 07:45:53
  • Nippon building fund to raise $466m - Asia Property Report

    Nippon building fund to raise $466mAsia Property Report, Thailand - 52 minutes agoSome analysts speculate that Nippon Building is planning to buy when companies closing their books in March unload their prime properties.
    2008-01-16 07:50:35
  • Platinum Capital forecasts solid returns - Sydney Morning Herald

    Platinum Capital forecasts solid returnsSydney Morning Herald, Australia - 49 minutes agoMarket commentators are divided on whether the global credit crunch, triggered by the US sub-prime mortgage crisis, will tip the US economy into recession. ...
    2008-01-16 07:54:04
  • US credit crisis threatens Brazil's development - Xinhua

    US credit crisis threatens Brazil's developmentXinhua, China - 42 minutes agoThe credit crisis began when US mortgage companies made hundreds of billions of dollars of inappropriate loans to individuals with poor credit records.
    2008-01-16 08:00:36
  • Bush Sets Windfall for Co-ops in City - New York Sun

    Bush Sets Windfall for Co-ops in CityNew York Sun, NY - 41 minutes ago"They could choose to retire their mortgage, which would reduce maintenance fees, or they could hire a doorman." Besides forming holding companies, ...
    2008-01-16 08:02:01
  • Lease transfers provide flexibility - North County Times

    Lease transfers provide flexibilityNorth County Times, CA - 41 minutes agoRepresentatives of both companies said slumping home prices and rising mortgage payments have been driving both "sellers" and "buyers," as they're known in ...
    2008-01-16 08:02:12
  • Retail reports rattle markets - North County Times

    Retail reports rattle marketsNorth County Times, CA - 41 minutes agoCitigroup, the nation's biggest bank, announced Tuesday a hefty $18.1 billion write-down for bad mortgage assets and slashed its dividend. ...
    2008-01-16 08:02:13
  • Centro Properties Poised for First Advance in 2 Weeks (Update1) - Bloomberg

    Centro Properties Poised for First Advance in 2 Weeks (Update1)Bloomberg - 34 minutes ago17, when the company said it was struggling to pay debt because of the collapse of the US subprime mortgage market. Chief Executive Officer Glenn Rufrano, ...
    2008-01-16 08:08:39
  • Eric Houssels' shareholder letter; Two Companies Built to Endure ... - GuruFocus.com

    Eric Houssels' shareholder letter; Two Companies Built to Endure ...GuruFocus.com, TX - 27 minutes agoThe riskiest tranches of mortgage-backed-securities (again, see Michael Lewis’s book for a detailed explanation) will/are being hit first and they will/are ...
    2008-01-16 08:15:32