Mortgage and Financial News From 2007-8-23 Page 4

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  • Stocks slip as credit worries continue

    MSNBC - In reality, breaking up doesn’t feel that bad     ... Street pulled back Thursday as ongoing anxiety about widening credit problems was enough to offset initial investor optimism about a $2 billion capital infusion into troubled mortgage ...
    2007-08-23 06:47:00

  • Rescue of big US mortgage firm eases, does not end concerns (TODAYonline)

    A woman uses an ATM at a Bank of America branch in New York City. The move by Bank of America to ride to the rescue of troubled mortgage giant Countrywide Financial boosted confidence about an easing of the credit squeeze, but analysts say it's not clear if the crisis is over.
    2007-08-23 07:52:07

  • Rescue of big US mortgage firm eases, does not end concerns (AFP via Yahoo! News)

    Bank of America's ride to the rescue of troubled mortgage giant Countrywide Financial boosted confidence about an easing of the credit squeeze, but analysts say it's not clear if the crisis is over.
    2007-08-23 07:37:05

  • Stuart-based 'bad credit' lender still flying high (The Palm Beach Post)

    The subprime mortgage fallout that roiled Wall Street last week hasn't stopped a local mortgage firm from flaunting its willingness to lend to low-credit borrowers.
    2007-08-23 03:14:15

  • Buyout Tide Looks to Turn

    Forbes - Rising defaults on subprime mortgages have thrown the value of mortgage-backed ... If the current trend continues, it's probably going to be the slowest month since ... S&P's Stovall said he's expecting the Fed to cut interest rates three times ...
    2007-08-23 07:22:00

  • Cloud of fear hovers over Fed

    Chicago Sun-Times - ... even very easy money today can't put off the day of reckoning for subprime mortgage holders who bought homes with no money down and thought interest rates ... residential mortgage operations at its wholesale mortgage unit, GreenPoint Mortgage. ''Current ...
    2007-08-23 09:57:00

  • Bank of Japan keeps rates steady

    MyIris - Bank of Japan keeps rates steady Bank of Japan decided to keep its interest rate unchanged on ... T he bank was expected to raise the key overnight call rate from its current low at 0.50%, before the occurrence of U.S. subprime mortgage crises.
    2007-08-23 10:54:00

  • Credit Notebook: CFO Out

    Wall Street Journal - Fisher Remarks: In an interview given before the current market crisis, Federal Reserve Bank of ... But Toll Brothers Chairman and Chief Executive Robert Toll warned "mortgage-market liquidity issues and higher borrowing rates may impede some ...
    2007-08-23 07:30:00

  • No such article.

    Houston Chronicle - We're sorry, but the article you requested is not currently available on Chron.com . If it's an older article that you had bookmarked, you may be able to find it in the archives . If you got to this page from a current link on our site, then it's an ...
    2007-08-23 04:23:00

  • Wachovia: Golden West Doing OK As Mortgage Industry Woes Increase

    WSOC-TV - ... Corp.'s $24 billion purchase last year of one of the country's largest mortgage ... No question (the current environment) is going to continue to put pressure on the ... said Gary Townsend, an analyst with Friedman, Billings, Ramsey & Co., who rates ...
    2007-08-23 06:11:00

  • As Mortgage Shops Close, Big Banks Are Looking Better and Better (Seeking Alpha via Yahoo! Finance)

    Todd Sullivan submits: The past week has seen a slew of mortgage lenders close the door or dramatically scale back operations due to tightening credit markets. So, who will benefit?
    2007-08-22 09:32:35

  • Does large mortgage lender put Wachovia in jeopardy? (Bridgewater Courier News)

    CHARLOTTE, N.C. (AP) … Wall Street is still not convinced that Wachovia Corp.'s $24 billion purchase last year of one of the country's largest mortgage lenders was a smart bet.
    2007-08-23 07:07:12

  • U.S. stocks decline as credit worries linger (MarketWatch via Yahoo! Finance)

    NEW YORK -- U.S. stocks fell Thursday, as traders started to question the likelihood that the Federal Reserve will cut interest rates to alleviate credit-market woes, offsetting earlier enthusiasm for Bank of America's move to rescue distressed mortgage lender Countrywide Financial Corp.
    2007-08-23 05:15:00

  • Wachovia: Golden West Doing OK As Mortgage Industry Woes Increase (WSOC-TV Charlotte)

    CHARLOTTE, N.C. -- Wall Street is still not convinced that Wachovia Corp.'s $24 billion purchase last year of one of the country's largest mortgage lenders was a smart bet. But bank executives say the doubters are wrong and insist the takeover is working out just fine.
    2007-08-23 06:30:56

  • How the Mortgage Crisis Affects Pacific Palisades (Palisadian-Post)

    With the mortgage market in turmoil, one question that real estate agents in Pacific Palisades are hearing is 'How will the Palisades market be influenced by the current foreclosures?' We feel that a somewhat minor local influence can be expected as a result of this mortgage correction.
    2007-08-23 12:09:42

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