Mortgage and Financial News From 2007-11-16 Page 16
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Citigroup Pushes Bank Borrowing Costs Above Companies (Update4)
Bloomberg - ... the world's biggest financial institutions are paying more to borrow in the corporate bond market than industrial companies ... Until the subprime-mortgage crisis erupted, banks had always paid less than the average company, according to Merrill Lynch ...
2007-11-16 09:42:00 -
State home sales plunge
Record Searchlight - Lenders have cut back on so-called jumbo loans exceeding $417,000 -- the current limit on the amount that government-backed mortgage companies Fannie Mae and Freddie Mac will buy from lenders. That's a problem for many buyers in states like California ...
2007-11-16 06:35:00 -
Fannie Mae Plunges on Concern About Credit Losses (Update1)
Bloomberg - Investors are trying to estimate just how much in bad loans and mortgage investments financial companies will have to write off, following more than $40 billion in announced markdowns so far at the world's biggest banks and securities firms ...
2007-11-16 09:42:00 -
Fannie Mae defends loss disclosure policy
CNN Money - feed://rss.cnn.com/rss/money_news_companies.rss ... WASHINGTON (AP) -- Fannie Mae executives on Friday defended a change in the way the mortgage lender discloses losses on ...
2007-11-16 09:27:00 -
Mercury Companies Completes Independent Upgrade to Lawson System ...
MSN MoneyCentral - With 4,500 employees in more than 500 offices located throughout the United States, Mercury Companies provides title, escrow, real estate and mortgage services along with mortgage document preparation. After assessing the scope of its upgrade ...
2007-11-16 07:47:00 -
Peru Plans First Mortgage Bond Sale as Investors Shun the Debt
Bloomberg - In Mexico and Colombia, mortgage companies, buoyed by surging growth and domestic home sales are defying growing skepticism over the securities and are considering selling them overseas. Infonavit, Mexico's housing agency, will sell ...
2007-11-16 08:30:00 -
Mercury Companies Completes Independent Upgrade to Lawson System Foundation 9.0 (Business Wire via Yahoo! Finance)
ST. PAUL, Minn.----Delivering on its commitment to make enterprise software easier to buy and own, Lawson Software today announced that Mercury Companies has performed the upgrade to Lawson System Foundation 9.0 through the Lawson System Foundation 9.0 Customer Certification Program for a Windows environment.
2007-11-16 07:45:00 -
TOP STORIES :: (Chicago Sun-Times)
Barclays Plc said Thursday it wrote down $2.7 billion in securities tied to the subprime-mortgage market collapse. Barclays joins Wells Fargo, SunTrust Banks and a slew of financial companies anticipating $30 billion in losses this quarter.
2007-11-16 02:16:39 -
House OKs mortgage protections (Baltimore Sun)
Bill seeks to curb abuses of lenders The House approved legislation yesterday to strengthen consumer protections for mortgage borrowers as Congress seeks to curb the lending abuses that contributed to the subprime-mortgage crisis.
2007-11-16 12:41:16 -
Banks' mortgage miseries intensify (Sun-Sentinel)
Barclays joins report of losses Checking to see which bank is revealing billion-dollar losses in its mortgage lending portfolio has become a daily routine on Wall Street. On Thursday, traders fretted about Barclays ' multibillion-dollar writedown.
2007-11-16 12:26:47 -
Peru Plans First Mortgage Bond Sale as Investors Shun the Debt (Bloomberg.com)
Nov. 16 (Bloomberg) -- Peru, unfazed by the global fallout of the mortgage bond market, will sell the notes to investors for the first time by March on a bet that surging home demand may help overcome investors' skepticism.
2007-11-16 08:43:29 -
Huntington sees surprise loss from mortgage client (Reuters via Yahoo! News)
Huntington Bancshares Inc , a large U.S. Midwest regional bank, projected a surprise fourth-quarter loss on Friday to reflect mounting mortgage losses at a commercial client, sending its shares down as much as 10.5 percent to a six-year low.
2007-11-16 09:29:41 -
A train ride away from La Vie Française
Daily Telegraph - Katy Hepworth, overseas mortgage manager at broker Assetz Finance, said: "Clearly there's a big jump between the rates, so the obvious advantage of a euro mortgage is lower repayments, and raising the mortgage in the currency of the asset ...
2007-11-16 04:05:00 -
House goes after subprime lenders
Santa Rosa Press Democrat - Prohibit lenders from steering homeowners into refinanced mortgages that don't provide any benefit; fines would be triple the broker fee and costs. Make Wall Street banks that package mortgage securities into investments liable for violations of ...
2007-11-16 06:21:00 -
German shares close slightly lower, led down by Infineon UPDATE
CNBC - ... German shares closed slightly lower after calm Friday trade, led down by Infineon, after several negative broker notes today ... with UK bank Northern Rock in focus, as today is the deadline for proposals regarding the future of the ailing mortgage bank ...
2007-11-16 09:06:00
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