Mortgage and Financial News From 2008-2-8 Page 52
Previous Day: 2008-02-07
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Why Wachovia's goodwill is bad - CNNMoney.com
Why Wachovia's goodwill is badCNNMoney.com - 56 minutes agoTake Wachovia's $117.8 billion option adjustable-rate mortgage portfolio, the pride of the former Golden West Financial franchise. ...
2008-02-08 06:20:00 -
Depression Enters Phase Two - OpEdNews
Depression Enters Phase TwoOpEdNews, PA - 46 minutes ago... the company to the UAE. That wasn’t enough, evidently, so now they’re tightening up on lending. First was the mortgage sector, now the consumer credit. ...
2008-02-08 06:29:46 -
Repossessions up in 2007 - MyFinances.co.uk
Repossessions up in 2007MyFinances.co.uk, UK - 41 minutes agoData published today by the Council of Mortgage Lenders (CML) show 27100 homes were repossessed in 2007. Although this was ten per cent fewer than the 30000 ...
2008-02-08 06:34:27 -
Traders Still Nervous Over Prospects Of Recession - RTTNews Daily ... - RTT News
Traders Still Nervous Over Prospects Of Recession - RTTNews Daily ...RTT News, NY - 40 minutes agoNotwithstanding the lower mortgage rates, the association expects sales activity to remain soft through the first half of the year. ...
2008-02-08 06:35:17 -
Slow out of the Gate - FOXBusiness
Slow out of the GateFOXBusiness - 38 minutes agoBear Stearns (BSC) said it cut 10% of its workforce last year, after the company took massive hits in the subprime mortgage market. ...
2008-02-08 06:37:24 -
The Lies You Should Watch Out For - Motley Fool UK
The Lies You Should Watch Out ForMotley Fool UK, UK - 37 minutes agoWith energy bills, mortgage rates and the pace of personal inflation increasing dramatically over the past year, it's not surprising that many households ...
2008-02-08 06:38:13 -
Rubicon Financial Announces New RADD Division - Mortgageorb
Rubicon Financial Announces New RADD DivisionMortgageorb, CT - 33 minutes ago... and notes with various banks, mortgage servicing companies, hedge funds, institutions, lenders, asset management companies and liquidation attorneys.
2008-02-08 06:42:35 -
Bond insurer rescue plans won't stop downgrades - Financial News Online US
Bond insurer rescue plans won't stop downgradesFinancial News Online US, UK - 31 minutes agoOf about $315bn in debt that Financial Guaranty had insured through to September 30, 2007, about $31bn was backed by mortgage collateral and $8bn was backed ...
2008-02-08 06:44:27 -
Chrysler Slims Down For Health - Forbes
Chrysler Slims Down For HealthForbes, NY - 29 minutes agoThe SEC has been examining whether the brokerage house inflated prices of mortgage bonds it held. According to reports, federal prosecutors have asked the ...
2008-02-08 06:46:53 -
Mortgage group cites more aid - Boston Globe
Mortgage group cites more aidBoston Globe, United States - 26 minutes agoA mortgage industry group yesterday estimated that companies provided significant relief to 141000 troubled borrowers nationwide during the last three ...
2008-02-08 06:49:30 -
Staten Island lawyer sentenced in real estate scam - Staten Island Advance - SILive.com
Staten Island lawyer sentenced in real estate scamStaten Island Advance - SILive.com, NY - 24 minutes agoIn 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 ...
2008-02-08 06:51:46 -
Wachovia to Host a Fixed Income Investor Update - Black Enterprise
Wachovia to Host a Fixed Income Investor UpdateBlack Enterprise, NY - 20 minutes agoWachovia Corporation is one of the nation's largest diversified financial services companies, with assets of $782.9 billion and market capitalization of ...
2008-02-08 06:56:04 -
Community leaders share successes - Shelby Township Source Newspapers
Community leaders share successesShelby Township Source Newspapers, MI - 11 minutes ago“With four years of cooperation with authorities, Shelby Township has been on the front line in the fight against mortgage fraud and fraudulent foreclosures ...
2008-02-08 07:04:20 -
Rating Agencies Begin to Come Clean - Motley Fool
Rating Agencies Begin to Come CleanMotley Fool - 10 minutes agoHomeowners paid nosebleed prices, mortgage brokers like Countrywide (NYSE: CFC) were far too lax in their lending practices, and banks like Merrill Lynch ...
2008-02-08 07:05:12 -
Alcatel-Lucent net loss doubles - ClickAJob News
Alcatel-Lucent net loss doublesClickAJob News, UK - 7 minutes agoThe loss reflects wider problems in the global economy stemming from the US mortgage meltdown and tightening of world credit markets. ...
2008-02-08 07:08:36
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