Mortgage and Financial News From 2008-2-20 Page 21
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Port Authority Auction Bonds Reset at 8% After Surge (Update2)
Bloomberg - Feb. 20 (Bloomberg) -- Interest rates on $100 million of bonds issued by the Port Authority of New York and New Jersey were ... Inc., are struggling to raise capital and remain intact after taking more than $8 billion in writedowns related to mortgage ...
2008-02-20 02:33:00 -
McCain, Obama easily extend their leads
Houston Chronicle - It is time to bring our troops home," he declared. Sen. John McCain, the Republican front-runner, won a pair of primaries, in ... Fraudulent Ads | Information & Rates ...
2008-02-20 03:30:00 -
Hang Lung Profit Triples on Hong Kong House Prices (Update3) (Bloomberg.com)
Feb. 20 (Bloomberg) -- Hang Lung Properties Ltd., Hong Kong's fourth-largest developer by market value, said first-half profit more than tripled as the company sold more apartments, tapping the city's surging home prices.
2008-02-20 02:57:06 -
Business calendar (Portsmouth Herald)
Portsmouth
2008-02-20 03:15:50 -
A little sleuthing can protect home's value (Fort Wayne Journal Gazette)
For most of us, our home is our biggest asset. So, when the “For Sale” sign lingers a little too long or a neighbor’s home is foreclosed, it’s natural to worry whether your home’s value might be affected.
2008-02-20 03:17:51 -
Ahead of the Bell: Mortgage applications (The Forex Market)
WASHINGTON (AP) - Home-loan data to be released Wednesday will show whether mortgage applications declined for the second straight week in the face of higher interest rates.
2008-02-20 03:36:45 -
The Economy: How Bad Can it Get? (Time Magazine)
With more than $1 trillion in subprime mortgages still outstanding, some fear the financial sector's troubles have only just begun
2008-02-20 03:41:07 -
Mortgage lending grows 11 per cent in January (Money Marketing Online)
Gross mortgage lending saw an increase of 11 per cent in January, rising to an estimated £26.5bn from £23.9bn in December. The Council of Mortgage Lenders says that it reached a similar level to the £26.6bn in January 2007.
2008-02-20 03:43:46 -
Subprime lawsuits seen hitting more industries
Reuters - ... became one of the first companies outside the financial sector to disclose exposure to subprime mortgage investments, announcing a $275 million write-down from so-called auction-rate securities linked to risky mortgage loans. The securities are often ...
2008-02-19 09:36:00 -
Flagstar Announces Suspension of Dividend
MSN MoneyCentral - ... Flagstar operated 164 banking centers in Michigan, Indiana and Georgia and 143 home loan centers in 27 states. Flagstar Bank originates loans nationwide and is one of the leading originators of conforming single-family residential mortgage loans ...
2008-02-19 03:34:00 -
Northern Rock borrowers told to go away
Daily Telegraph - The stricken high street lender has told independent financial advisers (IFAs), who introduce most mortgage business, to encourage homeowners who are remortgaging to obtain loans with other banks. Advisers say that Northern Rock is deliberating ...
2008-02-19 10:29:00 -
UPDATE 1-KeyCorp says may take a loss related to mortgages
Forbes - Midwest regional bank, said Tuesday that volatile credit markets and market illiquidity could result in a $65 million first-quarter charge tied to a portfolio comprised mainly of commercial real estate mortgage loans. In a regulatory filing, Cleveland ...
2008-02-19 10:41:00 -
James Konrath Retires as Chairman & CEO of Accredited After 17 Years ...
Forbes - Accredited Home Lenders, Inc. is in the business of originating, financing, securitizing, servicing, and selling mortgage loans secured by residential real estate. Founded in 1990, the company is headquartered in San Diego. Additional information ...
2008-02-19 02:08:00 -
Warning as Alliance & Leicester profits dive
The Independent - Its crackdown on higher risk lending has seen a drop in the number of borrowers defaulting on loans last year and bad debt charges. Mortgage accounts over three months in arrears fell from 0.51% in 2006 to 0.49% in 2007, while arrears for ...
2008-02-20 12:45:00 -
ING takes Q4 impairment at low end of expectations
Boston Globe - ... Executive Michel Tilmant said "solid risk management" helped to shield ING from the worst of the credit and liquidity crisis that has forced banks on both sides of the Atlantic to take large impairments on investments backed by mortgage loans to ...
2008-02-19 11:41:00