Mortgage and Financial News From 2007-8-31 Page 10

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  • Compass, International Rectifier, Lennar, Omnivision: U.S. Equity ...

    Stockhouse Canada - Aug. 31 (Bloomberg) -- The following is a list of companies whose shares are having unusual price changes in U.S. exchanges today. Stock symbols are in parentheses after company names. Share prices are as of 10:15 a.m. in New York. Mortgage companies ...
    2007-08-31 03:10:00

  • Credit unions spike as mortgage woes rise

    Long Island Business News - Mortgage companies nationwide are calling it quits, but that doesn’t stop the flow of loan applications from borrowers. And Long Islanders – whose mortgage applications are in limbo after the closing of American Home Mortgage and other lenders ...
    2007-08-31 05:51:00

  • Bush to reveal plans to help homeowners

    Axcess News - ... consumers homes were their primary source of equity and that they should be more prudent", the banking community listened but ignored his suggestions to be more responsible. Now, banks are paying the price as well as a host of mortgage companies ...
    2007-08-31 12:53:00

  • How big is mortgage mess? No one really knows

    MSNBC - States license 90,000 or so “nonbank” companies, which include brokerages that lend on behalf of other mortgage companies. Relatively few nonbank lenders, such as Countrywide Financial Corp., the nation’s largest mortgage lender, are publicly ...
    2007-08-28 12:54:00

  • Report: More Borrowers Remain in Default

    Forbes - Fewer troubled homeowners found ways out of defaulting on their mortgage loans in July, a trade group of mortgage insurers reported Friday. Mortgage Insurance Companies of America reported the "cure ratio" slipped to 53.4 percent in July from 55.5 ...
    2007-08-31 04:00:00

  • Fed 'Bail Out' A Right Thing To Do?

    CNBC - Here's what will really happen: if a bunch of mortgage companies and (say) a half million people lose their homes as a result of this and the economy goes chugging along just fine, no one will do anything more to help them out. But if those ...
    2007-08-31 04:00:00

  • Accredited Shares Rise After Lone Star Makes New Bid (Update1)

    Bloomberg - Until last year, sales of mortgage companies fetched hundreds of millions of dollars, capped by Merrill Lynch & Co.'s $1.3 billion purchase of First Franklin on Dec. 30. Since then, 15 have gone bankrupt and about 50 have suspended loans or closed ...
    2007-08-31 01:51:00

  • Bush to propose aid to mortgage holders

    Los Angeles Times - As part of that mission, he said, Paulson and Jackson would be expected to work with mortgage-finance giants Fannie Mae and Freddie Mac, government-chartered companies that buy home loans from lenders. The companies have expressed interest in ...
    2007-08-31 01:08:00

  • Accredited Soars on Lower Offer

    Street.Com - Since Lone Star initially made its offer for Accredited, numerous mortgage companies have shut their doors and even giants like Countrywide ( CFC - Cramer's Take - Stockpickr ) and Thornburg ( TMA - Cramer's Take - Stockpickr ) have encountered funding problems
    2007-08-31 01:15:00

  • Mortgage conference will focus on displaced real estate workers

    Fosters Daily Democrat - CONCORD — Employees in the mortgage lending industry who have been hard hit by the recent closings of major national and regional mortgage companies will have a home at the upcoming New England Mortgage Banking Conference in Providence this Sept ...
    2007-08-31 01:22:00

  • Bradford Mortgage opens Raleigh, Wilmington sites

    Greensboro Business Journal - While some mortgage companies are feeling the crunch from the collapse of the subprime loan industry, Bradford Mortgage Co. in Winston-Salem is growing, opening offices in Raleigh and Wilmington within the past 30 days. Company President Brad Church ...
    2007-08-31 12:25:00

  • Finance minister unworried as New Zealand finance companies fail (International Herald Tribune)

    Finance Minister Michael Cullen said there was no "systemic issue" with the nation's finance companies after the seventh failure in 18 months.
    2007-08-30 09:43:02

  • Bush to propose aid to mortgage holders (Los Angeles Times)

    The plan includes a tax break and letting FHA insure more loans. President Bush today plans to outline a number of proposals to stem the tide of mortgage defaults and help people hold on to their homes, a senior administration official said Thursday.
    2007-08-31 07:07:13

  • US STOCKS-Wall St climbs on Bush mortgage plan optimism (Reuters via Yahoo! Asia News)

    NEW YORK, Aug 31 (Reuters) - U.S. stocks rose on Friday on optimism a plan by President Bush to help struggling subprime mortgage borrowers avoid foreclosure would help loosen credit conditions that have rattled financial markets.
    2007-08-31 04:05:16

  • Wall Street jumps ahead of Bush and Bernanke (Reuters via Yahoo! News)

    Stocks rose on Friday, fueled by a sharp advance in financial services companies on hopes President Bush would unveil a plan to alleviate the subprime mortgage crisis and loosen credit conditions that have rattled financial markets.
    2007-08-31 01:55:10

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