Mortgage and Financial News From 2008-1-29 Page 53

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  • Countrywide loses $422M amid mortgage meltdown

    USA Today - CALABASAS, Calif. (AP) — Countrywide Financial (CFC) , the nation's largest mortgage lender, said Tuesday that it posted a loss in the fourth quarter because of rising loss provisions and impairment charges. Countrywide lost $422 million, or 79 ...
    2008-01-29 05:01:00
  • Alvarez & Marsal Real Estate Advisory Services Forms Dedicated ... - Business Wire (press release)

    Alvarez & Marsal Real Estate Advisory Services Forms Dedicated ...Business Wire (press release), CA - 1 hour ago“While liquidity issues plaguing the residential homebuilding industry in the wake of the subprime mortgage crisis have been well documented, ...
    2008-01-29 06:48:19
  • Hypo Real Estate Capital Acquires Quadra Realty Trust - Mortgageorb

    Hypo Real Estate Capital Acquires Quadra Realty TrustMortgageorb, CT - 1 hour ago(HRECC), a wholly owned US subsidiary of Hypo Real Estate Bank International AG, and Quadra Realty Trust Inc., a New York-based commercial mortgage real ...
    2008-01-29 06:50:16
  • How low will Fed go? - MSN Money

    How low will Fed go?MSN Money - 1 hour agoTroubled mortgage lender Countrywide Financial (CFC, news, msgs) this morning reported a $422 million loss in the fourth quarter, down from the $621.6 ...
    2008-01-29 06:50:55
  • Fannie Mae's Mudd Says New Loan Limit Will Bring More Liquidity - Bloomberg

    Fannie Mae's Mudd Says New Loan Limit Will Bring More LiquidityBloomberg - 58 minutes agoCongress created Fannie Mae and McLean, Virginia-based Freddie Mac to increase mortgage financing by buying loans from lenders. The companies profit by ...
    2008-01-29 06:52:25
  • Weichert Wants Buyers to Know ''It Pays to Ask'' - Business Wire (press release)

    Weichert Wants Buyers to Know ''It Pays to Ask''Business Wire (press release), CA - 50 minutes agoWeichert Financial Services is one of the “Top 40” lenders in the US, according to the industry newsletter “Inside Mortgage Finance,” based upon sales to ...
    2008-01-29 07:00:35
  • Wall Street Mixed on Rate Cut Hopes - The Associated Press

    Wall Street Mixed on Rate Cut HopesThe Associated Press - 50 minutes agoThe embattled mortgage lender Countrywide Financial Corp., which was recently bought by Bank of America Corp., posted a sharp loss, as expected, ...
    2008-01-29 07:01:16
  • AM Best Revises Outlook to Stable for Unum Group - Business Wire (press release)

    AM Best Revises Outlook to Stable for Unum GroupBusiness Wire (press release), CA - 45 minutes agoAdditionally, Unum does not have any direct subprime mortgage or CDO exposure. Furthermore, Unum has recently completed its claim reassessment program with ...
    2008-01-29 07:05:49
  • The problem with 'Wal-Mart stimulus' - CNNMoney.com

    The problem with 'Wal-Mart stimulus'CNNMoney.com - 44 minutes agoTo really get the economy back on track, what's needed is an overhaul of the mortgage lending process in order to protect borrowers from overzealous banks ...
    2008-01-29 07:06:51
  • Under The Radar News - Tuesday - Seeking Alpha

    Under The Radar News - TuesdaySeeking Alpha, NY - 35 minutes agoThe UK Financial Services Authority warns that tighter economic conditions could be diverting companies' attention away from proper risk management, ...
    2008-01-29 07:16:18
  • Bush Defends Iraq Surge and Issues New Warning to Iran - Democracy Now

    Bush Defends Iraq Surge and Issues New Warning to IranDemocracy Now, NY - 29 minutes agoMeanwhile a new report released today shows the number of foreclosures last year jumped by 75 percent due to in part to the subprime mortgage crisis –over ...
    2008-01-29 07:22:08
  • Property Firms in Europe Taking Longer to Prepay Debt, S&P Says - Bloomberg

    Property Firms in Europe Taking Longer to Prepay Debt, S&P SaysBloomberg - 28 minutes ago29 (Bloomberg) -- Commercial property companies in Europe are waiting longer to refinance debt as contagion from the US subprime mortgage market collapse ...
    2008-01-29 07:22:41
  • Housing Market Tracker - Homebuilder Land Selloff Accelerates - Seeking Alpha

    Housing Market Tracker - Homebuilder Land Selloff AcceleratesSeeking Alpha, NY - 24 minutes agoCompanies that were formerly among the busiest builders - Lennar and Standard Pacific among them - have dramatically scaled back their interests here. ...
    2008-01-29 07:26:48
  • House of cards - Aljazeera.com

    House of cardsAljazeera.com, UK - 22 minutes agoTaken all in total, "All Uncle Sam's debt, including private household consumer credit-card, mortgage etc debt of about $10 trillion, plus corporate and ...
    2008-01-29 07:28:42
  • Global Equities: Long to reign over us? - What Investment

    Global Equities: Long to reign over us?What Investment, UK - 21 minutes agoThis is likely to continue in 2008, with consumer spending in the US likely to suffer dramatically as a result of resetting mortgage rates. ...
    2008-01-29 07:29:35