Mortgage and Financial News From 2007-8-23 Page 13

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  • Bank of America pours in $2bn to aid struggling Countrywide

    Times Online - Bank of America, the second-largest US banking group, last night came to the aid of Countrywide, the biggest US mortgage ... Lehman Brothers, the biggest underwriter of US bonds backed by mortgages, became the first Wall Street firm to close its high ...
    2007-08-23 11:37:00

  • Corporate bonds market - Russian agencies held hostage by U.S ...

    Interfax Information Agency - Corporate bonds market - Russian agencies held hostage by U.S. mortgages MOSCOW. Aug 23 (Interfax) - The crisis on the U.S ... mortgage bonds in September, while the Agency for Housing Mortgage Lending (AHML) will be prepared to register a second ...
    2007-08-23 12:13:00

  • IndyMac Resumes Issuing Jumbo Loans

    MSN MoneyCentral - The nation's second-biggest mortgage lender had stopped issuing prime "jumbo" loans, which are mortgages for people with good credit but that are too big for government-sponsored entities to buy. Fannie Mae and Freddie Mac buy mortgages from lenders ...
    2007-08-22 04:46:00

  • Mexico Braces for Hurricane Dean's Second Strike (Update2)

    Bloomberg - Aug. 22 (Bloomberg) -- Mexico braced for Hurricane Dean's second landfall as the storm gathered new strength in the Gulf today after crossing the Yucatan Peninsula. The Category 1 storm, with sustained winds of 90 miles (150 kilometers) per hour, may ...
    2007-08-22 03:06:00

  • Rangers Are First Team to Score 30 Runs Since 1897 (Update1)

    Bloomberg - Texas also won the second game 9-7 as Metcalf went 2-for-4 with a double and four RBI. The Rangers' 39 runs in the doubleheader broke the AL record of 36 set by Detroit on Aug. 14, 1937, against the Browns. The Rangers batted around in four ...
    2007-08-23 10:40:00

  • U.S. bank profits down 3.4 percent in second quarter amid defaults

    International Herald Tribune - WASHINGTON: Surging mortgage defaults sliced into the bottom line of U.S. banks and thrifts in the second quarter. Profits fell 3.4 percent, to $36.7 billion (€27.2 billion), data released Wednesday show. The earnings data from the Federal Deposit ...
    2007-08-22 02:37:00

  • FDIC eyes markets, banks as troubled mortgages up

    Reuters - FDIC eyes markets, banks as troubled mortgages up ... We remain vigilant," FDIC Chairman Sheila Bair said at a news conference on U.S. banks' second-quarter rise in ...
    2007-08-22 10:01:00

  • CashCall makes its own call for cash

    Los Angeles Times - Reddam has said in past interviews that he had gotten the idea for CashCall at DiTech, where the company would make second mortgages not backed by the home's equity. An avid horse racing fan, Reddam was profiled in The Times Sports section in April ...
    2007-08-23 03:45:00

  • Racing family runs laps at home

    Greensboro News & Record - fund money and take second mortgages to help a child's racing prospects, a personal test track could be the next item they consider to feed NASCAR's obsession for young racers. Cup rookie David Ragan, a former Bandolero Bandits national champion, said ...
    2007-08-23 11:37:00

  • Islamic Extremism May Spread in Uzbekistan, Crisis Group Says

    Bloomberg - The former Soviet republic, slightly larger than the U.S. state of California, is the world's second-biggest exporter of cotton. It is Central Asia's second-largest producer of gas, and pumped 55 billion cubic meters last year, compared with the 62 ...
    2007-08-23 09:43:00

  • With more mortgages past due, foreclosures are expected to surge

    Fort Lauderdale Sun-Sentinel - ... banks and thrifts suffered the biggest increase in late loan payments in 17 years as more homeowners fell behind on mortgages ... largest 12-month increase since 1991, loans more than 90 days past due grew 36.2 percent from $49.1 billion in the second ...
    2007-08-23 10:54:00

  • UPDATE 4-Late U.S. loans soar on troubled mortgages -FDIC

    Reuters - WASHINGTON, Aug 22 (Reuters) - The Federal Deposit Insurance Corporation said on Wednesday delinquent loans at U.S. banks jumped 36 percent to $66.9 billion in the second quarter, the biggest quarterly increase since 1990, largely fueled by unpaid ...
    2007-08-22 11:56:00

  • Rising defaults pound profits at nation's banks and thrifts

    Seattle Times - That's the highest level of noncurrent loans at U.S. thrifts since 1993, with most of the problems in home mortgages. Still, given the circumstances, Bair said, the industry is in sound financial condition as the market adjusts and its second-quarter ...
    2007-08-23 07:19:00

  • Late loans soar on troubled mortgages: FDIC

    Washington Post - WASHINGTON (Reuters) - The Federal Deposit Insurance Corporation said on Wednesday delinquent loans at U.S. banks jumped 36 percent to $66.9 billion in the second quarter, the biggest quarterly increase since 1990, largely fueled by unpaid real ...
    2007-08-23 12:10:00

  • Larimer Co Credit Union Goes Into Conservationship

    News 4 - (AP) FORT COLLINS, Colo. Faced with mounting delinquencies in second mortgages and construction loans, Norlarco Credit Union, Larimer County's largest, has been placed under the control of federal regulators. National Credit Union Association ...
    2007-08-23 11:30:00

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