Mortgage and Financial News From 2007-10-25 Page 7

RSS Feed

Previous Day: 2007-10-24

Return to the mortgage news archive home.

Page:  01 2 3 4 5 6 7 8 9 10 11 12 13 14 15
 16 17 18 19 20 21 - 40

  • Bank of America to Stop Making Home Loans Through Brokers

    Wall Street Journal - ... Bank of America Corp. said it will stop offering home mortgages through brokers at the end of the year to focus on direct-to-consumer lending, a move that could pressure other big banks to follow suit. The Charlotte, N.C.-based bank, the second ...
    2007-10-25 01:52:00

  • WSFS Reports 3Q '07 EPS of $1.11

    MSN MoneyCentral - In addition, the second quarter of 2007 included an additional $249,000 (four basis points, 0.04%) of income related to reverse mortgages compared to the third quarter of 2007. Over the past several years, the Company has maintained a neutral to ...
    2007-10-25 02:07:00

  • Wall Street Needs To Show All Its Cards

    Forbes - Yesterday, the firm announced it would write off $8.4 billion in collateralized debt obligations, subprime mortgages and ... raised its level 3 assets to $72 billion from $54 billion in the second quarter. Lehman Brothers (nyse: LEH - news ...
    2007-10-25 01:52:00

  • AIG Falls on Speculation About Subprime Writedown (Update3)

    Bloomberg - ... fell the most since August in New York trading on speculation the company may write down assets linked to subprime mortgages ... November $55 puts, the second-most active, surged 157 percent to 90 cents. ``There's a definite dive for ...
    2007-10-25 03:11:00

  • Anatomy Of A Market Crash

    Forbes - Rising defaults in subprime mortgages combined with stalled home price appreciation quickly dulled the housing market's luster. During the second phase, the portfolios of optimistic investors lose a lot quickly. These investors often use leverage to ...
    2007-10-25 03:54:00

  • Bank of America Quits Wholesale Mortgage Business

    CNBC - Bank of America on Thursday said it will stop offering home mortgages through brokers by the end of the year, resulting in a loss of 700 jobs, so that it may focus on lending directly to consumers. The job cuts are part of the 3,000 that the second ...
    2007-10-25 03:54:00

  • Subprime Foreclosures to Hit 2 Million, Schumer Says (Update3)

    Bloomberg - Subprime loans represented 14 percent of all outstanding U.S. mortgages as of the second quarter of 2007, the report said. `Unreasonable Assumption' The 2 million foreclosure projection Schumer cited is ``very inflated,'' said ...
    2007-10-25 02:42:00

  • Subprime anxiety hits top index

    MSNBC - While only a proxy, we believe this price action does not bode well for the firm's existing $5.7bn exposure in subprime mortgages," he said in a note. "Second, the TABX index, which we have been using as a proxy for CDO assets, has also deteriorated ...
    2007-10-25 03:33:00

  • Travelers Profit Rises 15 Percent on Gains in Premium Revenue (Bloomberg.com)

    Oct. 25 (Bloomberg) -- Travelers Cos., the second-largest U.S. business insurer, said third-quarter profit rose 15 percent as premium revenue increased for the sixth straight quarter.
    2007-10-25 03:27:59

  • Speculation on Fed lifts Treasury notes (International Herald Tribune)

    U.S. Treasury notes rose Wednesday for a second consecutive session, on speculation that weakness in the housing sector would prompt the Federal Reserve to lower interest rates next week.
    2007-10-24 10:15:34

  • Property broker sees a dive in global real estate investment (International Herald Tribune)

    Global direct real estate investment could fall this year as concerns about defaults on U.S. mortgages prompt lenders to tighten credit, said Jones Lang LaSalle, one of the top commercial brokers.
    2007-10-24 10:15:14

  • AIG Falls on Speculation About Subprime Writedown (Update1) (Bloomberg.com)

    Oct. 25 (Bloomberg) -- American International Group Inc., the world's largest insurer, fell the most in two years in New York trading on speculation the company may write down assets linked to subprime mortgages.
    2007-10-25 11:55:27

  • AIG Falls on Speculation About Subprime Writedown (Update2) (Bloomberg.com)

    Oct. 25 (Bloomberg) -- American International Group Inc., the world's largest insurer, fell the most in 12 weeks in New York trading on speculation the company may write down assets linked to subprime mortgages.
    2007-10-25 01:09:57

  • More Merrill Lynch Writedowns Expected (AP via Yahoo! Finance)

    Wall Street isn't convinced that Merrill Lynch & Co. has put its credit trading losses behind it. Despite writing off $8.4 billion of subprime mortgages, structured bonds and loans in the third quarter, Merrill's failure to detail how it has reduced its exposures -- combined with the big swing in loss estimates in a period of just over two weeks -- prompted several analysts to forecast further ...
    2007-10-25 12:47:52

  • AIG may take $9.8 bln subprime mortgage hit, analyst estimates (Market Watch)

    SAN FRANCISCO (MarketWatch) -- American International Group could take a $9.8 billion hit from its exposure to subprime mortgages, Friedman, Billings, Ramsey analyst Bijan Moazami estimated on Thursday.
    2007-10-25 04:09:56

Page:  01 2 3 4 5 6 7 8 9 10 11 12 13 14 15
 16 17 18 19 20 21 - 40