Mortgage and Financial News From 2007-10-3 Page 7

RSS Feed

Previous Day: 2007-10-02

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

  • Low-doc borrowers hit with interest-rate rises

    News.com.au - On Tuesday RAMS said rates on its range of low-doc mortgages would increase by 0.3 per cent. RESI's Easy no-document loan with ... Phishing' catches Australians online 9. Goodbye cheap Bordeaux, hello 'Atlantic' wine... 10. RAMS customers dealt second blow
    2007-10-03 03:01:00

  • Merrill Lynch banker is the latest scalp in wake of credit crunch ...

    Times Online - ... executive, admitted yesterday that the bank would write down about €1.5billion on securities backed by residential mortgages ... It is the second round of lay-offs at the bank, which cut 240 jobs in August. Bear Stearns is due to update investors today ...
    2007-10-03 01:50:00

  • Canadian Banks Poised to Buy More Abroad With Dollar (Update1)

    Bloomberg - Canada's second-biggest bank passed on RBTT because ``it didn't fit for us,'' Waugh said. Scotiabank is already the largest ... haven't been hurt as much as U.S. banks by rising defaults of subprime loans because they offer fewer high-risk mortgages ...
    2007-10-03 01:00:00

  • Deutsche ups profit despite credit woes

    CNN Money - ... million (€700 million) on its leveraged loans and loan commitments, in addition to the $2.27 billion (€1.6 billion) it took in the second quarter. The troubles at Deutsche Bank underscore the widespread impact of failed U.S. subprime mortgages, or ...
    2007-10-03 06:12:00

  • U.S. stocks retreat after economic data offer little reason to stanch ...

    International Herald Tribune - The market showed little conviction for a second day as economic readings offered few surprises and as investors looked for ... The Dow moved back above 14,000 on Monday after spending 2 1/2 months below that level amid concerns about soured mortgages ...
    2007-10-03 01:14:00

  • Fitch re-rates $173 bln 2006 U.S. subprime RMBS

    Reuters - ... of U.S. subprime residential mortgage securities from 2006 and said its most severe rating actions affected the second ... 32 of 51 "AAA" CES classes while affirming 100 percent of its "AAA" ratings backed primarily by first-lien mortgages, which ...
    2007-10-03 02:33:00

  • Democrats seek White House mortgage help

    CNN Money - There were $547 billion of securities backed by mortgages issued in the second quarter, of which 53 percent came from Fannie, Freddie and the Government National Mortgage Association, known as Ginnie Mae. That was up from a 44 percent market share at ...
    2007-10-03 02:40:00

  • PMI Group Hires Fannie Mae's Nicoll as Vice President (Update1)

    Bloomberg - PMI insured $159.2 billion of mortgages as of March 30, second only to MGIC Investment Corp.'s $174.9 billion, according to Inside Mortgage Finance, a trade publication. To contact the reporter on this story: Zachary R. Mider in New York ...
    2007-10-03 06:55:00

  • Stocks close slightly lower for second day

    MSNBC - The market showed little conviction for a second day as economic readings offered few surprises and as investors looked for ... moved back above the 14,000 mark on Monday after spending 2 1/2 months below that level amid concerns about soured mortgages ...
    2007-10-03 01:14:00

  • Fitch Downgrades $18.4 Billion of 2006 Subprime Bonds (Update2)

    Bloomberg - Fitch reduced ratings on $6.6 billion of bonds backed by second- lien subprime mortgages. Fitch, a unit of Paris-based Fimalac SA, began a review in July of every transaction containing mortgages to borrowers with poor credit after ...
    2007-10-03 03:01:00

  • Fitch Downgrades $18.4 Billion of 2006 Subprime Bonds (Update1) (Bloomberg.com)

    Oct. 3 (Bloomberg) -- Fitch Ratings cut the credit ratings of $18.4 billion of bonds backed by subprime mortgages issued last year, citing an increased risk of default after an ``unprecedented'' slump in home prices.
    2007-10-03 01:49:43

  • Credit Suisse Says Mortgages to Remain `Problematic' (Update3) (Bloomberg.com)

    Oct. 3 (Bloomberg) -- Credit Suisse Group Chief Executive Officer Brady Dougan, the former derivatives trader who took over in May, predicts the market for mortgage credit will be ``problematic'' for as long as 18 months.
    2007-10-03 09:28:52

  • Bear Stearns Cuts 310 Mortgage Jobs, to Merge Units (Update4) (Bloomberg.com)

    Oct. 3 (Bloomberg) -- Bear Stearns Cos., the second-biggest underwriter of U.S. mortgage-backed securities, is cutting 310 jobs from units that originate mortgages after the firm reported the biggest profit decline in more than a decade.
    2007-10-03 02:33:15

  • Cramer, Others Say Time To Bail On Europe

    CNBC - ... the consumer is slowing, the currency is a complication for exporters and "interest ... executives are leaving but a source says Semerci and Lattanzio are the only two ... loan losses, mark to market losses on CDO exposure and deteriorating mortgage ...
    2007-10-03 02:18:00

  • Swedish government official resigns over D. Carnegie scandal

    International Herald Tribune - ... itself of stakes in the stock market operator OMX and the mortgage company SBAB. The company asked to be relieved of the assignment late Tuesday, saying it was in "the best interest of ... Fredrixon had been on the job only since March 1 but had worked ...
    2007-10-03 12:02:00

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