Mortgage and Financial News From 2008-2-8 Page 52

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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