Mortgage and Financial News From 2007-10-25 Page 10

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  • More housing gloom as mortgage lending hits lowest level for seven years (Evening Standard)

    Mortgage lending in September tumblest to its lowest level for the month in seven years, according to figures released today.
    2007-10-25 07:16:33
  • Bank mortgage lending sees slump

    BBC News - Lower amounts of new mortgage lending and fewer loans approved for house purchase signal a weaker outlook for the mortgage market," said David Dooks of the BBA. "Particularly if loan supply reduces in the aftermath of the recent financial markets ...
    2007-10-25 09:13:00
  • British Home Prices Set for Correction

    BusinessWeek - With close to 80% of all mortgages being fixed-rate loans, mortgage borrowing and hence home price growth are now much less sensitive to monetary policy than previously. The effect from monetary tightening, therefore, takes longer to have a visible ...
    2007-10-25 01:17:00
  • Triad Guaranty loses money in 3Q on worsening mortgage credit

    CNBC - WINSTON-SALEM, N.C. - Triad Guaranty Inc. lost money in the third quarter as soaring defaults on home loans forced the mortgage insurer to pay more claims, the company said Thursday. Triad Guaranty lost $31.8 million, or $2.13 per share, in the third ...
    2007-10-25 07:40:00
  • The Commerce Group, Inc. Announces 2007 Third Quarter Results and ...

    MSN MoneyCentral - ... 047 $ 2,088,103 Preferred stocks, at market 544,580 454,487 Common stocks, at market 36,176 116,113 Preferred stock mutual funds, at equity 165,190 133,810 Mortgage loans ...
    2007-10-25 01:59:00
  • HCP Announces Election of Christine Garvey to Board of Directors

    Forbes - As of June 30, 2007, the Company's portfolio of properties, excluding assets held for sale but including investments through joint ventures and mortgage loans, included 675 properties and consisted of 273 senior housing facilities, 265 medical office ...
    2007-10-25 01:45:00
  • Nomura Has First Loss in Four Years on Subprime Loans (Update4)

    Bloomberg - Oct. 25 (Bloomberg) -- Nomura Holdings Inc., Japan's largest securities firm, reported its first loss in more than four years after U.S. mortgage investments plunged, forcing the company to close some operations, cut staff and shut its Chicago office ...
    2007-10-25 01:21:00
  • First Meridian Mortgage considering expansion

    Business First - The company, based in Tampa, Fla., is an Internet broker of residential mortgage loans with licenses in 15 states. It opened its Louisville office, which currently employs 11 people, at 756 S. First St. in 2006. First Meridian announced its potential ...
    2007-10-25 12:12:00
  • BofA to exit mortgage wholesale business

    CNBC - Countrywide is among the dozens of mortgage lenders that have battled a spike in mortgage defaults and foreclosures, especially in subprime loans -- those made to borrowers with weak credit. Those specific problems haven't extended to Bank of America ...
    2007-10-25 01:45:00
  • With loans harder to come by, inventory soars

    AZCentral.com - Nationally, payments were at least 30 days overdue on 3.4 percent of all first-lien home-mortgage loans in this year's third quarter, up from 2.4 percent a year earlier, according to data from Equifax Inc. and Moody's Economy.com. The rate of ...
    2007-10-25 09:27:00
  • More Merrill Lynch Writedowns Expected

    Forbes - The situation highlights not only the Street's concerns about Merrill, which built a huge business repackaging mortgage loans and related securities that blew up under the pressure of the credit crisis that started this summer, but also other banks ...
    2007-10-25 12:48:00
  • UPDATE 3-Fidelity National to spin off mortgage services

    Reuters - It sells data processing and other technology to mortgage lenders and processes more than half of all mortgage loans in the United States, the company said. Fidelity National expects the spin-off to be completed by the middle of 2008, pending ...
    2007-10-25 07:54:00
  • GMAC ResCap to Offer Mortgage Relief to Customers Affected By ...

    Forbes - ... diversified affiliates and businesses -- GMAC-RFC, GMAC Mortgage, LLC, Ditech, GMAC Bank, GMAC Real Estate, and Homecomings Financial, LLC -- cover the spectrum of the residential finance industry, from origination and servicing of mortgage loans ...
    2007-10-25 09:06:00
  • Fitch Affirms 9 and Downgrades 3 Classes from 2 Equifirst ...

    Forbes - The mortgage pools consist of first lien, fixed-rate and adjustable-rate residential mortgage loans. Equifirst Corporation, a wholly owned subsidiary of Barclays originated or acquired the mortgage loans for the above trusts. The affirmations affect ...
    2007-10-25 01:38:00
  • Capstead Mortgage Corporation Announces Third Quarter 2007 Results and ...

    Forbes - Portfolio yields averaged 5.67% during the third quarter of 2007, benefiting from higher coupon interest rates on the underlying mortgage loans that reset during the period, higher yielding acquisitions and the sale of lower yielding securities ...
    2007-10-25 01:24:00