Mortgage and Financial News From 2008-2-8 Page 51

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  • RATING AGENCIES NOT OFF HOOK: AG

    New York Post - Cuomo plans to focus on "the role played by the ratings agencies in the mortgage meltdown," he said in the statement. The companies and Fitch Ratings have been scrutinized by regulators and lawmakers for giving high ratings to subprime-mortgage ...
    2008-02-08 01:43:00
  • Home repossessions jump by a third to hit eight-year high

    Daily Mail - The global credit crunch has forced mortgage companies to tighten their lending criteria leaving would-be buyers struggling to secure enough money to buy a house
    2008-02-08 01:50:00
  • Microsoft Reaps the Rewards of Female Managers

    Der Spiegel - There is currently only one woman on an executive board of the companies listed on the DAX index of 30 major German companies, Bettina von Oesterreich of the mortgage bank Hypo Real Estate. Otherwise, it's pinstripes far and wide in Germany's ...
    2008-02-08 02:18:00
  • Staten Island lawyer sentenced in real estate scam

    Staten Island Advance - In addition, he was accused of writing bad checks to mortgage companies and overseeing a pair of questionable transactions after his law license of 25 years was suspended for a year in March 2005. He has since been disbarred. Vourderis troubles date ...
    2008-02-08 06:29:00
  • Congress Sends $168 Billion Economic Stimulus to Bush (Update2)

    Bloomberg - In addition to the rebates and incentives for businesses to invest in new equipment, the measure increases the size of mortgage loans that government-chartered mortgage-finance companies Fannie Mae and Freddie Mac can buy. ``We're facing ...
    2008-02-08 06:07:00
  • MBIA Raises $1 Billion at a Discount to Lure Buyers (Update4)

    Bloomberg - Offering a discount enabled MBIA to increase the sale from a planned $750 million and may give the company the cushion it needs to convince ratings companies it can weather losses from subprime-mortgage securities. MBIA, with a market capitalization ...
    2008-02-08 06:58:00
  • FICO: Don't blame us for mortgage mess

    CNN Money - And as Wall Street and Main Street sort through the mortgage mess, people are looking for scapegoats. Some have argued that the company behind the FICO score, Fair Isaac ( FIC ), as well as other companies that provide credit scores, such as Equifax ( ...
    2008-02-08 06:58:00
  • Why Wachovia's goodwill is bad

    CNN Money - Take Wachovia's $117.8 billion option adjustable-rate mortgage portfolio, the pride of the former Golden West Financial franchise. The good news is that the portfolio, whose loan-to-value ratio is about 95%, has been performing all right, relative to ...
    2008-02-08 06:29:00
  • MBIA boosts stock offering

    CNN Money - feed://rss.cnn.com/rss/money_news_companies.rss ... Bond insurers essentially need a "AAA" rating to book new business, but as the number of mortgage defaults has increased ...
    2008-02-08 06:58:00
  • Justice seeks info on Merrill scandal

    CNN Money - feed://rss.cnn.com/rss/money_news_companies.rss ... Merrill Lynch ( MER , Fortune 500 ) allegedly booked inflated prices of mortgage bonds it held, though the investment bank knew ...
    2008-02-08 06:58:00
  • U.S. Stocks Drop on Credit Concern; Financials, MBIA Tumble

    Bloomberg - Feb. 8 (Bloomberg) -- U.S. stocks fell, sending the market to its first weekly decline in three, on increased concern companies infected by subprime mortgage losses will default on their debts. JPMorgan Chase & Co. and Bank of America Corp. led banks ...
    2008-02-08 06:50:00
  • OFHEO Questions Mortgage Proposal

    Washington Post - Lockhart III, head of an agency that oversees the federally chartered mortgage companies, told the Senate Banking Committee. The economic stimulus package passed by Congress last night would temporarily permit District-based Fannie Mae and McLean ...
    2008-02-07 09:32:00
  • South Florida Real Estate Marketing Group - Emediawire (press release)

    South Florida Real Estate Marketing GroupEmediawire (press release), WA - 1 hour agoReal Estate Agents, Loan Officers, Mortgage Brokers, Inspectors, Title Companies, Notaries, Appraisers, Contractors, Real Estate Attorneys, ...
    2008-02-08 05:36:02
  • Security Capital needs acquisition or bailout for stock to rise ... - Forbes

    Security Capital needs acquisition or bailout for stock to rise ...Forbes, NY - 1 hour ago... Moody's cut its triple-A ratings on subsidiaries of the company, citing 'weakened capitalization' due to exposure to the US residential mortgage market. ...
    2008-02-08 05:52:03
  • Wachovia to Host a Fixed Income Investor Update - PR Newswire (press release)

    Wachovia to Host a Fixed Income Investor UpdatePR Newswire (press release), NY - 1 hour agoWachovia Corporation (NYSE: WB) is one of the nation's largest diversified financial services companies, with assets of $782.9 billion and market ...
    2008-02-08 06:05:41