Mortgage and Financial News From 2008-1-29 Page 52

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  • Home prices falling again in Detroit (Detroit Free Press)

    Home prices in metro Detroit fell 13% in November as compared to the same month in 2006.
    2008-01-29 08:01:41

  • Wall Street mixed as Federal Reserve starts 2-day meeting on interest rates (The Salt Lake Tribune)

    Posted: 8:50 AM- NEW YORK -- Wall Street was mixed Tuesday as the Federal Reserve opened a two-day meeting expected to result in another interest rate cut.
    2008-01-29 08:06:05

  • Residential foreclosures up 79 percent in 2007 (AccessNorthGA)

    LOS ANGELES - The number of U.S. homes that slipped into some stage of foreclosure in 2007 was 79 percent higher than in the previous year, a real estate tracking company said Tuesday.
    2008-01-29 08:07:08

  • Indiana among top 10 states in number of foreclosures (WISH-TV Indianapolis)

    The number of U.S. homes in some stage of foreclosure last year jumped 79% from 2006 and the number of homeowners falling behind on mortgage payments suggests more of the same this year.
    2008-01-29 08:07:39

  • Marin commercial real estate market on the rebound

    Marin Independent Journal - Greg Moss, managing partner at NAI BT Commercial in San Rafael, said the credit crunch could keep asking rates stable because mortgage companies have closed their doors and jobs have been cut. "Consequently, we anticipate sublease space to begin ...
    2008-01-29 07:02:00

  • Clover Hill Marketing Gives Orange County Businesses More Flexibility

    Forbes - Clover Hill Marketing serves companies in a variety of industries including information technology, distribution and logistics, automotive services, gasoline and car wash services, retail, travel and tourism, mortgage banking, personal coaching, and ...
    2008-01-29 06:05:00

  • Toshiba says 3Q profit rose 11 percent

    BusinessWeek - Looking ahead, Toshiba said the outlook for the fourth quarter remains uncertain, citing worries about rising oil prices and the U.S. subprime mortgage crisis. The American economy is a major market for Japanese electronics companies, and they are ...
    2008-01-29 05:01:00

  • Allard sees similarities between first, last State of the Union ...

    Coloradoan - ... in new technology to create jobs and to be looking at keeping jobs in the United States. We also need to be looking at the housing industry and talking more about helping homeowners renegotiate loans and regulating brokers and mortgage companies more
    2008-01-29 04:46:00

  • Bush Tells Congress to Act on Economy, Tackle Unfinished Work

    Bloomberg - He kept up pressure for a proposal to update the Federal Housing Administration and creation of a tougher regulator for government-chartered mortgage-finance companies Fannie Mae and Freddie Mac. Bush said those measures will help the country ...
    2008-01-29 05:29:00

  • Countrywide earnings will be among most watched

    Chicago Tribune - Financial stocks, including JPMorgan Chase, American Express and Citigroup, three components of the 30-stock Dow Jones industrial average, advanced. Among companies set to post fourth-quarter results Tuesday, the expected loss by subprime mortgage ...
    2008-01-29 03:20:00

  • Countrywide swings to loss

    CNN Money - feed://rss.cnn.com/rss/money_news_companies.rss ... CALABASAS, Calif. (AP) -- Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it swung to a ...
    2008-01-29 05:22:00

  • HUDSON SQUARE BOOST

    New York Post - Dottie Herman , Prudential Douglas Elliman president and CEO, said the two locations "house our property management and mortgage companies, as well as one of our residential sales offices. These lease renewals reflect both our commitment to the ...
    2008-01-29 01:26:00

  • Foreclosure rate almost doubled in 2007: report

    Reuters - Mortgage companies and counselors, encouraged by the U.S. Treasury, are engaged in an initiative to increase the number of loans modified to easier terms. The Hope Now group is also trying to rework payment plans on existing loans. Hope Now this month ...
    2008-01-29 07:09:00

  • Property Firms in Europe Taking Longer to Prepay Debt, S&P Says

    Bloomberg - Jan. 29 (Bloomberg) -- Commercial property companies in Europe are waiting longer to refinance debt as contagion from the U.S. subprime mortgage market collapse makes it harder to replace loans at competitive rates, Standard & Poor's said. Prepayment ...
    2008-01-29 07:17:00

  • Junk Bond Rising Spreads Signal Worst Bust Since 2001 (Update2)

    Bloomberg - Yields show retailers, homebuilders and mortgage companies are among companies at the greatest risk as banks rein in lending. ``You're somewhere between half and 60 percent of the way from the top of the market to the bottom of the market ...
    2008-01-29 06:55:00

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