Mortgage and Financial News From 2007-10-21 Page 2

RSS Feed

Previous Day: 2007-10-20

Return to the mortgage news archive home.

  • U.S. housing slump eclipses shares

    Xinhua News Agency - ... reports from Caterpillar Inc, Honeywell International Inc and Schlumberger Ltd have reinforced speculation that losses from mortgage defaults are slowing economic growth. The biggest rally in oil prices since March sent shares of companies ...
    2007-10-21 05:46:00
  • Prior Loans, Future Pain?

    Wall Street Journal - They had extended backup credit lines to such companies as tax preparer and mortgage lender H&R Block Inc. In August, when H&R Block, which has struggled to rid itself of its subprime-lending unit, couldn't borrow in the securities markets, it tapped ...
    2007-10-21 06:43:00
  • Former First Magnus employees open new business

    Green Valley News and Sun - Many Green Valley seniors have substantial equity because they pay cash to purchase homes. Reverse mortgages, she said, allow seniors to access home equity in one lump some or in multiple payments. Like other mortgage companies, Mattingley is also ...
    2007-10-21 11:20:00
  • Northern Rock Chairman Quits

    Ananova - Earlier this week, he and CEO Adam Appleyard faced a hostile session with the Commons Treasury Committee who wanted answers about the financial crisis that engulfed the mortgage lender. Although the two bosses of Northern Rock blamed the situation on ...
    2007-10-21 08:09:00
  • Mortgage Security Bondholders Facing a Cutoff of Interest Payments

    New York Times - With such a re-evaluation, owners of collateralized debt obligations — investment banks, hedge funds, insurance companies and public pension funds — may be forced to write down mortgage investments beyond the billions they have already written ...
    2007-10-21 07:33:00
  • Australian Stocks Drop Most in 2 Months; Banks, Westfield Fall (Bloomberg.com)

    Oct. 22 (Bloomberg) -- Australia's S&P/ASX 200 index fell the most in two months after U.S. shares tumbled as earnings reports from banks, manufacturers and industrial companies heightened concern about the health of financial markets and the economy.
    2007-10-21 05:59:53
  • Japanese Stocks Drop on Slowing Growth in U.S., Stronger Yen (Bloomberg.com)

    Oct. 22 (Bloomberg) -- Japanese stocks slid the most in two months on mounting evidence the U.S. subprime mortgage crisis is slowing growth in the world's biggest economy and on gains in the yen.
    2007-10-21 08:42:52
  • Japan Corporate Fund Demand Recovers A Bit In 3Q -BOJ Survey (Nasdaq)

    TOKYO -(Dow Jones)- Demand for funds by Japanese companies improved slightly in the July-September quarter, according to a Bank of Japan survey released Monday, suggesting that the fallout from the U.S. mortgage crisis has had a limited impact on Japan's corporate sector.
    2007-10-21 06:09:39
  • No time out for builders

    San Diego Union-Tribune - He and his wife, Denise, and their two sons, Dillon, 16, and Baylen, 11, live in a modest home in Del Mar that carries a negative-amortization loan. As a mortgage broker, Railey knows the risks of a loan on which the balance grows if you don't pay ...
    2007-10-21 01:40:00
  • Turning to a hire power

    San Diego Union-Tribune - David Mitchell, a Rancho Peñasquitos mortgage broker, hired someone to put up 100 real-estate signs on weekends – $1 per sign. He said a commercial company would have billed him $2.50 each. He also found someone, for $79, to buff the finish of ...
    2007-10-21 07:45:00
  • Dodge says market forces preferable to regulation

    Montreal Gazette - ... debt ranging from credit card debt to car loans, and fears that some products may be loaded up with sub-prime mortgage debt made investors worried. The securities can be complex, and many investors made their investment decisions based on the advice ...
    2007-10-21 12:45:00
  • Business Property - A Look At The Advantages And Disadvantages Of ...

    Best Syndication - In the case of taking out a mortgage, the business is able to raise the capital without resorting to selling a share in the ... Syndication is for informational purposes only and is not meant to be advice. You should always seek professional advice ...
    2007-10-21 04:49:00
  • UPDATE: G7 Statement Urges China To Pick Up Pace Of Forex Reform

    FXStreet.com - ... the U.S. has taken to protect the systemic stability of global financial markets and address the problems in the mortgage ... Nor does it provide any form of advice (investment, tax, legal) amounting to investment advice, or make any recommendations ...
    2007-10-21 05:25:00
  • Learning the ropes of home ownership

    Olympian - Wilkins, and others who work in the Thurston County real estate industry, offered tips and advice on picking a real estate agent, getting a mortgage and choosing a home inspector, among other topics of discussion. The typical first-time home buyer is ...
    2007-10-21 08:06:00
  • Savings tsar on mortgages and pensions

    Daily Telegraph - Record levels of personal debt, currently averaging £9,000 per household excluding the mortgage, and personal ... with the next step – designing a nationwide service to offer the public free, basic and impartial financial advice. He ...
    2007-10-21 05:03:00