Mortgage and Financial News From 2007-11-6 Page 14

RSS Feed

Previous Day: 2007-11-05

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

  • Greenspan, Soros warn of more pain 

    Business Day South Africa - But Fed governor Frederic Mishkin said today that the Fed should be prepared to reverse its monetary easing if the US economy escapes major damage from the market turmoil, even as a recovery is a way off in housing and subprime mortgages. Greenspan ...
    2007-11-06 06:04:00

  • Wall Street Is Pressing Fed For More Rate Cuts

    CNBC - ... pressures" can build when central bankers act too aggressively to avert downturns, saying they must be prepared to reverse ... But Citigroup's warning that it will write off as much as $11 billion in bad debts tied to subprime mortgages strengthened Wall ...
    2007-11-06 09:03:00

  • IndyMac Reports $202.7 Million Loss on Late Payments (Update5)

    Bloomberg - Borrowers with the worst credit histories are failing to keep up with higher payments on adjustable-rate mortgages, according ... The company said it is considering selling part of its reverse mortgage business, which Perry valued at $300 million to $500 ...
    2007-11-06 10:51:00

  • Home Equity Income Trust Announces Third Quarter 2007 Financial ...

    CNW Group - HEQ.UN (the Trust)), which pays cash distributions earned from a portfolio of reverse mortgages originated by Canadian Home Income Plan (CHIP), today announced its financial results for the three months ended September 30, 2007. The third ...
    2007-11-06 02:58:00

  • Miners lift Europe stocks; BMW, banks in reverse (Reuters via Yahoo! Singapore News)

    LONDON, Nov 6 - European shares edged higher by midday on Tuesday, clawing back some ground lost in a three-day decline as mining stocks rose, though lingering nervousness over financials and poor results from BMW limited gains.
    2007-11-06 03:53:38

  • Home Equity Income Trust Announces Third Quarter 2007 Financial Results (CNW Group via Yahoo! Finance)

    Home Equity Income Trust (TSX: HEQ.UN ), which pays cash distributions earned from a portfolio of reverse mortgages originated by Canadian Home Income Plan , today announced its financial results for the three months ended September 30, 2007.
    2007-11-06 03:00:00

  • Commerzbank hit by subprime

    Financial Times - Germany’s second-biggest bank also confirmed that Chief Executive Klaus-Peter Mueller would step down next May and that ... profit of €339m ($493m) in the third quarter, after writing down €291m on assets exposed to the market for risky mortgages ...
    2007-11-06 06:40:00

  • Nikkei hits 7-week closing low as Softbank eroded

    Reuters - ... details, stocks) By Elaine Lies TOKYO, Nov 6 (Reuters) - Japan's Nikkei ended at a seven-week closing low for a second ... executives were unable to reassure investors on Monday that a potential $11 billion write-down for subprime mortgages will ...
    2007-11-06 07:45:00

  • Commerzbank Third-Quarter Net Rises 56%; Mueller Steps Down

    Bloomberg - Nov. 6 (Bloomberg) -- Commerzbank AG, Germany's second- largest bank by assets, said third-quarter profit rose 56 percent ... The bank made larger-than-forecast writedowns of 291 million euros on investments linked to U.S. subprime mortgages ...
    2007-11-06 04:53:00

  • IndyMac's Loss Much Wider than Expected

    CNBC - No one in the mortgage industry came away unscathed in the quarter." Credit losses quadrupled from the second quarter to $407.7 million, reducing earnings by $3.40 per share. Results also reflected losses from the sale of mortgages and elimination 1 ...
    2007-11-06 04:53:00

  • Cash-out refinancings lowest since Q1 '05-Freddie

    Reuters - ... extracted $60.1 billion in equity from their homes in the third quarter, down more than 26 percent from the second ... Borrowers we are likely to see refinance will be those with resetting adjustable-rate mortgages and those who have had their ...
    2007-11-06 11:19:00

  • German Stocks Gain, Led by Commerzbank, Deutsche Telekom, GPC

    Bloomberg - Commerzbank AG, the country's second-biggest bank, jumped after reporting a 56 percent increase in third-quarter earnings ... The bank made larger-than-forecast writedowns of 291 million euros on investments linked to U.S. subprime mortgages ...
    2007-11-06 08:56:00

  • Commerzbank Profit Rises 56%; Mueller to Step Down (Update4)

    Bloomberg - Nov. 6 (Bloomberg) -- Commerzbank AG, Germany's second- largest bank, reported a 56 percent increase in third-quarter ... The bank took a 291 million-euro writedown on its 1.2 billion euros of investments linked to U.S. subprime mortgages after ...
    2007-11-06 09:25:00

  • Global Stocks, U.S. Futures Rise; Swiss Re, Samsung, BHP Gain

    Bloomberg - The MSCI World has retreated from a record on concern that more banks may follow Citigroup Inc. and Merrill Lynch & Co. in increasing their estimates of losses related to subprime mortgages. U.S. 10-year Treasury notes fell for a second ...
    2007-11-06 04:46:00

  • Ambac Rebuts Insurer Loss Estimates by Morgan Stanley (Update1)

    Bloomberg - Nov. 6 (Bloomberg) -- Ambac Financial Group Inc., the world's second-largest bond insurer, disputed conclusions by Morgan ... Ambac said some securities it guaranteed in 2007 contain mortgages from 2005, which are performing better than loans from more ...
    2007-11-06 10:15:00

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