Mortgage and Financial News From 2007-12-14 Page 16
Previous Day: 2007-12-13
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Money-Market Rates Fail to Respond to Bank Measures (Update6)
Bloomberg - The fallout from the collapse of the U.S. subprime mortgage sector has been felt around the globe. In Florida, schools and towns pulled almost half their money last month from a $27 billion state-run fund after discovering it invested in defaulted ...
2007-12-14 07:00:00 -
Citigroup's Stock Slips on SIV Plan
Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... The funds borrow short-term money and invest it at a higher rate in mortgage, bank and credit card debt. The viability of a SIV ...
2007-12-14 07:07:00 -
Stocks Fall Amid Inflation Concerns
Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... They have loomed large on Wall Street in recent months as investors developed a distaste for mortgage investments and other now ...
2007-12-14 07:57:00 -
U.S. Stocks Drop as Inflation Tops Forecasts; Amazon, EBay Fall
Bloomberg - The world's biggest securities firm may post record full-year profit of more than $11 billion on Dec. 18, boosted by $4 billion from bets on subprime mortgage-related lending, the Wall Street Journal reported, citing analysts. The gains ...
2007-12-14 08:11:00 -
How Goldman Won Big On Mortgage Meltdown
Wall Street Journal - Goldman's trading home run was blasted from an obscure corner of the firm's mortgage department -- the structured-products trading group, which now numbers about 16 traders. Two of them, Michael Swenson, 40 years old, and Josh Birnbaum, 35, pushed ...
2007-12-14 06:24:00 -
Sheetz, Inc. Partners with ABC's Extreme Makeover: Home Edition
Forbes - Along with $1,000 in gas, the family also received the keys to their spectacular new home, a new truck, a complete payoff of their home mortgage, and other prizes and gifts. About Sheetz, Inc. Established in 1952 in Altoona, Pennsylvania, Sheetz, Inc ...
2007-12-13 03:15:00 -
Ahead of the Bell: Mortgage Industry
Forbes - Meanwhile, demand for loans from home buyers is slowing as housing prices continue to fall in most major markets. That has left mortgage lenders and brokers scrambling for business. The industry employed 401,500 people in October, Miller said, citing ...
2007-12-14 05:55:00 -
Ameriquest mails restitution checks
Orlando Business Journal - Floridians may be able to get restitution [Tampa Bay] Ameriquest to close Houston home mortgage lending center [Los Angeles] Ameriquest to shutter Houston home mortgage lending center [Houston] State residents to split $1.5M Ameriquest settlement ...
2007-12-14 06:38:00 -
Demand for Electronic Signatures Fuels Strong Growth for DocuSign in ...
Forbes - During 2007, DocuSign has signed a large number of new customers across many diverse industries, including Expedia in the online travel industry, Aloha Airlines, DebtXS in the consumer financial services market, Allied Home Mortgage in the mortgage ...
2007-12-14 06:17:00 -
Mortgage rates rise as credit crunch hobbles lenders
Baltimore Sun - WASHINGTON - Mortgage rates, which had been sliding, went up this week, disappointing news to would-be home buyers. Freddie Mac, the mortgage company, reported yesterday that 30-year fixed-rate mortgages averaged 6.11 percent. That was up from last ...
2007-12-14 05:34:00 -
Still not the time to buy housing stocks
Reuters - Bill Gross, the manager of the world's biggest bond fund, said to stabilize the U.S. housing market, the Fed will need to cut its benchmark funds rate to around 3 percent and will need to get the 30-year home mortgage rate for prime borrowers down to ...
2007-12-14 07:50:00 -
Bradford Mortgage expands in Charleston
MSN MoneyCentral - Bradford Mortgage Co. has opened a second office in the Charleston, S.C. market and tripled its staff there from four to 12 people. The eight new employees had been with Countrywide Home Loans, which has been hit by the subprime mortgage crisis and ...
2007-12-14 08:11:00 -
BofA named top retail mortgage originator
MSN MoneyCentral - Charlotte-based BofA's mortgage group originated $119.2 billion in mortgage and home-equity loans through retail channels through September. "Several years ago, we moved forward with a strategy that leveraged the size and scale of the Bank of America ...
2007-12-14 08:11:00 -
Ahead of the Bell: Fannie Annual Meeting
CNBC - Fannie and its smaller government-sponsored sibling, Freddie Mac, together own or guarantee around 40 percent of U.S. home-mortgage debt. They have cut their dividends and sold a total $13 billion of special stock recently to buttress their finances ...
2007-12-14 04:44:00 -
2-year-low mortgage rates move back up (Contra Costa Times)
WASHINGTON -- Mortgage rates, which had been sliding, went up this week, disappointing news to would-be home buyers. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.
2007-12-14 04:05:21
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