Mortgage and Financial News From 2008-3-10 Page 13

RSS Feed

Previous Day: 2008-03-09

Return to the mortgage news archive home.

  • Another bank, another $500m

    News.com.au - He said the mortgage portfolio comprised prime residential assets that were fully backed by lenders' mortgage insurance. Mr Valentine also revealed that the company's main shareholders were interested in buying out City Pacific's stake.
    2008-03-10 06:45:00
  • FBI checks out the truth of Countrywide's statements on quality of ...

    Times Online - The FBI suspects that the house-price boom encouraged mortgage lenders to take bigger risks, making loans to people with weaker and weaker credit histories as they sought new clients.
    2008-03-10 03:46:00
  • Carlyle Capital in talks with lenders

    MSN MoneyCentral - LONDON (AP) - Carlyle Capital Corp. Ltd., a listed mortgage-bond fund managed by private equity firm the Carlyle Group, said Monday it was seeking standstill agreements with lenders holding US$16 billion (euro10.4 billion) in securities to prevent ...
    2008-03-10 03:10:00
  • Appeal to mortgage firms on debts

    BBC UK News - A new system to help homeowners who fall behind with their mortgages has been urged as UK repossessions reach their highest level for eight years. Welsh housing charity Shelter Cymru says research finds mortgage holders with problems find lenders ...
    2008-03-10 12:33:00
  • Nervous investors turn stocks lower (CNN Money)

    Stocks fell early Monday as recession fears fueled by last week's discouraging jobs report continued to curb investors' appetite for risk.
    2008-03-10 07:55:16
  • Advertisement starts (Tiscali)

    LONDON (Reuters) - Troubled mortgage bank Northern Rock , taken into public ownership last month, said on Monday it has withdrawn from the near-prime and subprime mortgage sectors.
    2008-03-10 07:58:14
  • Mortgage Marvel Goes Hyperlocal; Provides Instant Rate and Fee Quotes -- and Shows Lenders' Branch Locations (Business Wire via Yahoo! Finance)

    MEQUON, Wis.----The hyperlocal Internet is here, and Mortgage Marvel is being uniquely enhanced to ensure that more online mortgage shoppers benefit from its advantages.
    2008-03-10 08:00:00
  • Bank of America to continue Countrywide takeover (Houston Chronicle)

    The FBI is scrutinizing whether Countrywide officials misrepresented the company's financial position and the quality of its mortgage loans in regulatory filings, said a person with knowledge of the probe on March 8.
    2008-03-10 08:05:03
  • Lehman Brothers (IWon - Money)

    (LEH 45.02, -1.34) and the financial sector (-0.7%) fall to their worst levels of the session on a CNBC report that Lehman is laying off 5% of its global workforce today. The cuts will be across all lines of its business and it is not clear if this will be the end of layoffs.
    2008-03-10 08:10:15
  • Top tips: How to deal with foreclosure (CNNMoney.com via Yahoo! Finance)

    Question 1:
    2008-03-10 08:15:00
  • Stocks May Bounce Around With A Lack Of Direction - RTTNews Daily Market Analysis (Nasdaq)

    (RTTNews) - The major U.S. index futures are pointing to a higher opening on Monday after two consecutive days of sharp declines. The absence of major economic reports and very little corporate news could lead to directionless trading in today's session.
    2008-03-10 08:20:05
  • Bear Stearns Announces the Launch of the First Actively Managed ...

    Forbes - Investing in fixed income instruments involves special risks, such as interest rate, credit and inflation risk. The Fund will invest in instruments that may be sensitive to small changes in interest rates and thus the Fund's net asset value may be ...
    2008-03-10 06:02:00
  • New jumbo loan limits save cash for local homeowners

    Union - The federal economic stimulus package is offering relief to Nevada County residents with very large home loans and an adjustable interest rate. The new conforming loan limit for single-family residences in the county recently was raised to $562,500 ...
    2008-03-09 11:57:00
  • Dollar weaker on recession fears

    Marketwatch - LONDON (MarketWatch) -- The dollar came under renewed selling pressure Monday, after fears of a U.S. recession and expectations for further, aggressive interest-rate cuts by the Federal Reserve last week drove the greenback to historic lows against ...
    2008-03-10 04:58:00
  • Another Preemption Fight

    Washington Post - Fearing that weapons of mass financial destruction lie hidden inside Wall Street palaces, the United States is mobilizing the big guns: a fiscal stimulus, sharp interest rate cuts, the Fed 's promise Friday to pump money into the markets.
    2008-03-09 11:00:00