Mortgage and Financial News From 2007-11-16 Page 5

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  • Stock futures little changed with investors concerned about credit ...

    International Herald Tribune - Also weighing on investors was continued concern that turmoil in the credit markets will force more banks to writedown bad investments. There were also reports late Thursday that Residential Capital, the troubled mortgage lending arm of GMAC, was ...
    2007-11-16 04:19:00

  • Stocks up as investors seek bargains before weekend; Morgan Stanley ...

    CNBC - The upgrade on the largest maker of printers appeared to help offset some concerns about consumer spending and further turmoil in the credit markets. However, investors received bad news from Starbucks Corp., which slashed its earnings forecast for ...
    2007-11-16 06:43:00

  • Balancing Risk And Debt With Adverse Credit Secured Loans

    Best Syndication - If you do have bad credit then adverse credit secured loans may be your only hope for borrowing money before you hit the stage ... Other Information Chart Comparison Of 30 Fixed Rate Mortgages in US Refinance Mortgage Information
    2007-11-16 10:39:00

  • Rebound Possible, Despite Credit Woes

    CNBC - ... had changed the way it calculates its bad loans, a move that could mask the level of its credit losses. The news sent the mortgage lender's shares sharply down, wiping out roughly $4.68 billion from Fannie's market capitalization according to Reuters ...
    2007-11-16 05:10:00

  • Fitch cuts Huntington's ratings

    CNBC - Huntington said Friday it will probably lose money for the fourth quarter because of bad loans to Franklin Credit Management Corp. Franklin Credit is a mortgage lender that raises its money for home loans by borrowing from Huntington Bancshares. The ...
    2007-11-16 11:43:00

  • Fannie again draws scrutiny, defends way it calculates potential ...

    International Herald Tribune - ... over a change in how it calculates potential losses from the growing mortgage crisis. The fear among investors is that a new accounting methodology masks the number of bad ... Using the new method, Fannie reported a so-called "annualized credit-loss ...
    2007-11-16 02:21:00

  • US faces $2 trillion credit crunch, warns Goldmans

    The Independent - ... hears that it is just equivalent to one bad day in the stock market," Mr Hatzius told clients. "But this analogy is wrong. There is a big difference between stock market losses, which are mostly borne by long-only investors, and mortgage credit ...
    2007-11-16 04:01:00

  • Wall Street ends volatile week with rally

    MSNBC - Stocks began Friday’s session having fallen in six of the prior seven sessions as investors have fretted about whether consumers would succumb to higher energy prices, rising mortgage costs and an anemic dollar. Continuing credit turmoil has also ...
    2007-11-16 01:23:00

  • More doubts about Fannie Mae's disclosures (CNN Money)

    Fannie Mae sought to reassure nervous investors Friday after questions arose about a key change in the way the mortgage lender discloses its bad loans -- and whether the shift is camouflaging mounting losses.
    2007-11-16 02:56:10

  • Fannie Mae Spooks Shareholders (Forbes)

    Investors jump from the mortgage company on worries that credit losses are worse than reported.
    2007-11-16 02:06:54

  • Fannie Mae Plunges on Concern About Credit Losses (Update1) (Bloomberg.com)

    Nov. 16 (Bloomberg) -- Fannie Mae tumbled, heading for its biggest two-day drop since 1987, after executives at the mortgage- finance company failed to ease investor concern that it may have downplayed credit losses.
    2007-11-16 09:57:40

  • Fannie Mae Declines on Concern About Credit Losses (Update4) (Bloomberg.com)

    Nov. 16 (Bloomberg) -- Fannie Mae had its biggest two-day decline since 1987 after executives at the mortgage-finance company failed to ease investor concern that it may have downplayed credit losses.
    2007-11-16 02:42:51

  • Lend Lease, Bakrieland, Cosmopolitan: Global Real Estate Deals

    Bloomberg - ... California fell 45 percent last month to the lowest for an October in two decades, as buyers found it harder to get mortgages ... Land Securities Group Plc, the U.K.'s largest real estate investment trust, plans to split itself in three to reverse a ...
    2007-11-13 03:57:00

  • Dexia shares fall after investment writedowns

    MSNBC - It added that the exposure to subprime mortgages remained well protected and did not expect to incur material economic losses ... Dexia will have to do some good explaining that mark-to-market losses...are not subprime losses and will mostly reverse over ...
    2007-11-16 02:06:00

  • 10 Tips: Tell it to the judge — using small claims court

    MSNBC - Have you heard about reverse mortgages and wondered how they work? Such loans can be a good alternative to selling your home or borrowing against your home if you need money. They’re not for everyone, though. Do you have tips to share about reverse ...
    2007-11-12 03:59:00

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