Mortgage and Financial News From 2008-3-12 Page 13

RSS Feed

Previous Day: 2008-03-11

Return to the mortgage news archive home.

Page:  01 2 3 4 5 6 7 8 9 10 11 12 13 14 15
 16 17 18 19 20 21 - 40

  • Business Highlights (AP via Yahoo! Finance)

    Southwest Airlines Co. grounded 43 planes to examine if they were structurally sound enough to carry passengers after it recently acknowledged it had missed required inspections of some planes for cracks.
    2008-03-12 02:50:34

  • US mortgage implosion set to blow Darling's Budget to pieces (Daily Telegraph)

    NOT since Labour's Philip Snowden delivered the Budget in 1930 has any Chancellor offered an accounting more certain to be swept away by hurricane forces of global finance.
    2008-03-12 02:56:58

  • (AFX UK Focus) 2008-03-12 21:47 GMT: Fitch cuts Countrywide credit rating (Interactive Investor)

    NEW YORK (AP) - Fitch Ratings on Wednesday cut Countrywide Financial Corp.'s long-term issuer default rating to the lowest investment grade level.
    2008-03-12 02:57:34

  • The True Cost of This Crisis (GoldSeek.com)

    "...If only the big central banks would sit on their hands and let this crisis work out, they could save Western taxpayers up to 98% of the potential mopping-up costs..."
    2008-03-12 03:08:54

  • Bear Growls: 'Rumors Are False'

    Forbes - The collateral backing the downgraded transactions are made up primarily of first-lien , fixed and adjustable-rate, Alt-A mortgage loans , generally loans made to creditworthy borrowers but that do not conform to the standards of the government ...
    2008-03-10 02:23:00

  • Freddie Mac rules out raising new capital

    Financial Times - ... under pressure from regulators and lawmakers in recent months to bolster the housing market, most recently by increasing the size of loans eligible for the businesses. Ofheo last month gave Fannie and Freddie the green light to expand their mortgage ...
    2008-03-12 01:31:00

  • Lehman Brothers moves to MBS overweight

    Reuters - Along with municipal bonds, leveraged loans, and other portions of the investment-grade securitized arena, notably commercial mortgage-backed securities, the liquidity dislocation is well overdone, the company said. (Reporting by Julie Haviv ...
    2008-03-12 12:19:00

  • Dollar Plunges Against Euro, Yen, Franc as Fed Plan Disappoints

    Bloomberg - ... makers in the U.S., U.K., Canada, Switzerland and the euro region agreed yesterday on a second round of emergency- loans to curb rising money-market rates, on top of the Fed loans. `Not a Panacea' The collapse of the U.S. subprime mortgage ...
    2008-03-12 01:16:00

  • Carlyle Group asserts fund losses will not spread

    International Herald Tribune - The fund, which had $670 million of equity in total at the end of December, used loans from 12 banks, including Citigroup and Deutsche Bank, to buy about $22 billion of AAA-rated mortgage debt issued by Fannie Mae and Freddie Mac.
    2008-03-12 12:19:00

  • Citigroup Commits $1 Bln to Shore Up Muni Hedge Funds

    Reuters - But the markets have suffered a steep erosion in asset prices as buyers have fled, similar to what has afflicted markets trading leveraged loans, mortgage-backed securities and others, forcing hedge funds into a selling mode.
    2008-03-12 07:40:00

  • Treasuries Rise on Concern Fed Measures Won't Revive Lending

    Bloomberg - Investors sought the relative safety of U.S. government securities on concern the central bank's plan to swap Treasuries for agency and private mortgage bonds won't lessen banks' demands for more collateral on loans secured by debt.
    2008-03-12 01:16:00

  • Danish banks to comply with Sharia laws

    Political Gateway - COPENHAGEN, Denmark, March 12 (UPI) -- Three local banks in the Jutland region of Denmark have agreed to offer mortgage loans that comply with Islamic laws, it was reported Wednesday. Sharia laws forbid accepting or paying interest. To comply with ...
    2008-03-12 12:19:00

  • Correction: Credit requirements story

    Forbes - Credit scores range between 300 and 850, and are determined by a borrower's past ability to repay loans. 'Credit is the gateway right now,' said Dan Green, a certified mortgage planning specialist and author of TheMortgageReports.com.
    2008-03-12 12:19:00

  • S&P Downgrades $6.91B in CDOs

    Forbes - ... said Wednesday it cut its rating on $6.91 billion in collateralized debt obligations, which are investments that funnel payments from a variety of types of loans. S&P is examining how it rates CDOs because many derive their payments from mortgage ...
    2008-03-12 12:55:00

  • New Century Financial Corporation Company Profile - View New Century ...

    Los Angeles Business - Company Profiles > New Century Financial Corporation Profile Dawn of a new era! New Century Financial Corporation (NYSE: NEW), based in Irvine, CA, provides sub-prime mortgage loans for single-family residences. It originates and purchases loans ...
    2008-03-12 12:19:00

Page:  01 2 3 4 5 6 7 8 9 10 11 12 13 14 15
 16 17 18 19 20 21 - 40