Mortgage and Financial News From 2007-11-6 Page 13

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• Citi May Have a New Mess on Its Hands

  BusinessWeek - Now, the bank could take a billion-dollar hit from bad debt tied to the CDO commercial paper market One of the most maddening aspects of the current credit-market crisis has ... predicted four weeks prior, citing the dropping prices of CDOs and mortgage ...
  2007-11-06 12:09:00

• Market bulls pull off a winner

  CNN Money - ... as strength in the energy sector comforted investors jittery about the credit ... Stocks seesawed earlier in the session as investors worried about more bad news ... the weekend that it might suffer between $8 billion and $11 billion more in mortgage ...
  2007-11-06 01:07:00

• Wall Street Recovers After Pullback

  WTOP Radio - NEW YORK (AP) - Wall Street recovered from early losses Tuesday as investors, while still worried about credit problems at ... A sharp pullback in housing prices has tripped up borrowers and sent mortgage defaults higher. That soured debt has come back ...
  2007-11-06 11:34:00

• Wall Street gains on energy, Cisco

  Washington Post - The investment bank repeated that market rumors that it may have to write down mortgage-related losses are "still untrue." "My feeling yesterday was that the bad credit market news reached a crescendo with Citigroup ," said Al Goldman, chief market ...
  2007-11-06 01:42:00

• Wall St volatile as oil and gold surge

  MSN MoneyCentral - With only 30bn-$40bn in losses reported thus far, there is more bad news to come. "Banks, brokers, mortgage and monoline insurers will bear the brunt of this loss recognition," Mr Flanagan said. Credit insurers, which have lately suffered some of the ...
  2007-11-06 10:08:00

• Citigroup names Stuckey, who helped extract bank from bad bets in 1998 ...

  CNBC - Citigroup names Stuckey, who helped extract bank from bad bets in 1998, subprime manager Eds: REMOVES ... before the credit markets froze up over the summer, when worries about spiking subprime mortgage defaults led investors to avoid the credit markets ...
  2007-11-06 09:53:00

• Bank of England warns credit crunch won't let up

  Scotsman - ... stock markets remained "vulnerable to shocks" and that a period of tighter credit ... It stated that the US sub-prime mortgage crisis exposed weaknesses within the global ... Now the time is bad, the taxpayers pick up the tag. What a good deal! Report as ...
  2007-11-06 09:32:00

• Battlers brace for bad news

  News.com.au - ... between $35,000 and $70,000 paying 30 per cent or more of their incomes on mortgage ... RBA has a lot on its plate Rate rise: Battlers brace for bad rate news Retail ... Prepaid Credit Buy Prepaid Online at Virgin Mobile and get $50 bonus Prepaid Credit ...
  2007-11-06 01:42:00

• IndyMac Posts Loss, Writedowns Loom at Morgan, Bank of America

  Bloomberg - Capital One Financial Corp., which shut GreenPoint Mortgage in August, raised its 2008 forecast for the cost of bad debts tied to home loans and credit cards. Lenders are getting stuck with more losses as the worst U.S. housing slump in ...
  2007-11-06 01:42:00

• Credit crisis: More sub-prime bad news

  Guardian Unlimited - Mortgage brokers in the US went on a frenzy of lending to almost anyone who wanted a home loan, including many people on benefits, without a job or with other debts. Fraudsters also spotted an opportunity in this unregulated market to sign up for a ...
  2007-11-06 03:20:00

• Earnings Preview: AIG

  Boston Globe - As the Wall Street banks report bad mortgage credit subtracting tens of billions of dollars from their balance sheets, analysts are looking at AIG to determine what exposure it has. AIG's stock lost more than 3 percent in a day last month when ...
  2007-11-06 12:38:00

• Insider Q&A: Barry Ritholtz (AP via Yahoo! Finance)

  Too many experts were in denial about the mortgage credit bubble, says Barry Ritholtz, a money manager, financial TV personality and publisher of the Big Picture , one of the 10 most popular stock market and economics blogs tracked by Web information provider Alexa.
  2007-11-06 01:55:26

• The Persistent Credit Crunch (BusinessWeek Online via Yahoo! News)

  Call it a relapse, or maybe the troubled credit markets never really recovered from their summertime crunch. In any case, three months after a financial crisis spooked fixed-income investors, the debt markets are back in critical condition.
  2007-11-06 05:08:41

• Credit score can open door (Fort Wayne Journal Gazette)

  Whether you’re considering buying a new home or refinancing an existing mortgage, credit scores matter more than ever.
  2007-11-06 03:16:11

• Market mayhem: Tips for investors

  Economic Times - ... the Reserve Bank of India (RBI) raised the cash reserve ratio (CRR) by 50 basis points and left the repo, reverse repo and ... Problems with sub-prime mortgages have led to billions of dollars being written off by major financial institutions. Analysts ...
  2007-11-03 05:59:00

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