Mortgage and Financial News From 2007-12-14
Previous Day: 2007-12-13
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Stocks give back big gains
CNN Money - ... as investors absorbed news from Bank of America and Wachovia that their mortgage ... It said it is creating a temporary credit facility that banks could tap to make ... More bad news from the banks
2007-12-12 12:45:00 -
Wholesale Inflation Surges, but Sales Up
Chicago Tribune - Those troubles include the slump in housing, a severe credit crunch and surging energy costs. All of these problems have ... White House press secretary Dana Perino said one bad report on inflation "doesn't make a trend." "Inflation has remained ...
2007-12-12 03:59:00 -
Call to address debt before hard times hit
News.com.au - ... credit card often make further bad financial decisions to try to solve the problem such as taking on another credit card with a low introductory interest rate, or even rolling credit card debt into a long-term debt arrangement such as a mortgage. "It ...
2007-12-13 09:20:00 -
Citigroup makes $49bn SIV rescue
BBC Business - Since the summer's credit crisis SIVs have been in the spotlight after they saw ... Many of the assets included mortgage-backed securities that have seen their value ... Citigroup revealed that it could hold as much as $17bn (£8.3bn) in bad debt ...
2007-12-14 02:49:00 -
Rise in mortgage rates bad news for would-be home buyers
Tacoma News Tribune - Rise in mortgage rates bad news for would-be home buyers JEANNINE AVERSA; The Associated Press Last updated: December 14th, 2007 01 ... The pickup in mortgage rates around the country comes as some prospective home buyers struggle with a credit crunch ...
2007-12-14 01:02:00 -
For banks, credit relief
Fort Lauderdale Sun-Sentinel - ... about where those bad subprime loans pieces will surface and the size of additional losses from those bad investments. Credit ... type of collateral — such as corporate bonds, real-estate loans, agricultural loans and collateralized mortgage ...
2007-12-14 02:56:00 -
LEHMAN BROTHERS: Losses continue, but it's not as bad as feared
St. Louis Post-Dispatch - Losses continue, but it's not as bad as feared ... losses, due to further turmoil in global credit markets, but the company managed to offset most of its problems and easily beat Wall Street expectations.
2007-12-14 01:16:00 -
Citigroup Rescues SIVs With $58 Billion Debt Bailout (Update2)
Bloomberg - Moody's Investors Service lowered the bank's credit ratings. The ... Mortgage-Backed Debt Citigroup said its decision was independent of the ... that regulators monitor to gauge the bank's ability to withstand losses on bad ...
2007-12-14 03:18:00 -
View from banks bleak; Main Street on solid ground
Chicago Tribune - Wall Street continues to pout over its subprime mortgage mess. But the blow-back ... energized critics who insist that Wall Street's complaints about a credit crisis ... at Goldman [Sachs] and Merrill [Lynch] and Citigroup screaming about how bad it ...
2007-12-14 03:32:00 -
Hong Kong shares end morning on global credit, China rate hike ...
CNBC - ... the morning session lower as investors continued to fret that the global credit ... which he did not identify, could report losses related to the US subprime mortgage ... Overall sentiment remains weak because the uncertainties and bad news relating ...
2007-12-13 09:48:00 -
The Credit Crisis Grows (US News & World Report)
A galaxy of credit instruments has downgraded to the tune of billions of dollars of paper losses.
2007-12-13 11:02:42 -
Central Banks Act on Credit Crunch (BusinessWeek)
The ECB and the Bank of England join the Fed in a coordinated move to inject more than $100 billion to tackle the credit crisis
2007-12-13 09:50:58 -
AG settles with mortgage rescue firm (Coeur d'Alene Press)
POST FALLS -- A Post Falls mortgage foreclosure rescue firm has been ordered by the state to change its business and advertising practices as a result of a Post Falls woman who claimed she was a victim of "equity skimming."
2007-12-14 02:18:28 -
Rise in mortgage rates bad news for would-be home buyers (Tacoma News Tribune)
WASHINGTON – Mortgage rates, which had been sliding, went up this week, disappointing news to would-be home buyers.
2007-12-14 01:31:06 -
Modernize deed laws to fight real estate flipping
Detroit News - To reverse this trend, the Senate recently passed bipartisan legislation intended to protect consumers from fraudulent or ... Fraudulent mortgages go unrecorded and, in many cases, unreported. My legislation, Senate Bill 927, would help solve the ...
2007-12-12 03:59:00