Mortgage and Financial News From 2007-10-1
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Citigroup warns on profits
Daily Telegraph - Citigroup, the biggest US bank, said third-quarter profit fell about 60pc because of "weak" credit markets and losses on leveraged loans and mortgage-backed securities. The bank will write down $1.4bn (£686m) before taxes on leverage finance ...
2007-10-01 05:17:00 -
Citigroup Says Profit Dropped 60% on Credit Losses (Update2)
Bloomberg - Oct. 1 (Bloomberg) -- Citigroup Inc., the biggest U.S. bank, said third-quarter profit fell 60 percent because of $5.9 billion of credit and trading losses on loans and mortgage-backed securities. The bank will write down $1.4 billion before taxes on ...
2007-10-01 06:35:00 -
Tarragon Corporation Announces Reinstatement of $79.6 Million of ...
MSN MoneyCentral - Tarragon Corporation (NASDAQ: TARR) today announced that it has entered into an agreement with the Federal National Mortgage Association, or Fannie Mae, to reinstate a combined $79.6 million in loans it made to Tarragon and/or its affiliates. In ...
2007-10-01 04:34:00 -
Transnational Financial Network, Inc. Acquired All Outstanding Shares ...
Forbes - Transnational Financial Network, Inc. is a wholesale and retail mortgage banker that originates funds and sells mortgage loans secured by one to four family residential properties. In August it suspended its wholesale mortgage operations and reduced ...
2007-10-01 04:34:00 -
Fannie Mae Reinstates Tarragon Loans
Forbes - Multifamily housing developer Tarragon Corp. said Monday mortgage financier Fannie Mae will reinstate $79.6 million in loans it made to Tarragon and its affiliates. Tarragon also restored loans totaling $56.6 million from five other lenders to good ...
2007-10-01 05:17:00 -
MFA Mortgage Investments, Inc. Announces Third Quarter 2007 Dividend ...
Forbes - These forward-looking statements are subject to various risks and uncertainties, including, but not limited to, those relating to: changes in interest rates and the market value of MFA's MBS; changes in the prepayment rates on the mortgage loans ...
2007-10-01 05:31:00 -
Pricey student loans create big burden for grads, U.S. economy (Rochester Democrat and Chronicle)
High-priced student loans are creating a large debt burden that lingers longer, stopping graduates from buying homes and other purchases that help the U.S. economy.
2007-10-01 02:47:53 -
High-priced student loans spell trouble (AP via Yahoo! News)
The near doubling in the cost of a college degree the past decade has produced an explosion in high-priced student loans that could haunt the U.S. economy for years.
2007-09-30 11:13:54 -
Student loans sow seeds of economic ills (USA Today)
The past decade has produced an explosion in high-priced student loans that could haunt the U.S. economy for years.
2007-09-30 11:07:22 -
Banks detail US mortgage losses (BBC News)
Some of the world's biggest banks reveal extensive losses in relation to bad investments in risky US home loans.
2007-10-01 12:33:35 -
Tarragon Corporation Announces Reinstatement of $79.6 Million of Fannie Mae Loans (Marketwire via Yahoo! Finance)
Tarragon Corporation today announced that it has entered into an agreement with the Federal National Mortgage Association, or Fannie Mae, to reinstate a combined $79.6 million in loans it made to Tarragon and/or its affiliates.
2007-10-01 04:30:00 -
Fannie Mae Reinstates Tarragon Loans (AP via Yahoo! Finance)
Multifamily housing developer Tarragon Corp. said Monday mortgage financier Fannie Mae will reinstate $79.6 million in loans it made to Tarragon and its affiliates.
2007-10-01 05:19:25 -
US rate cut stirs debate over Gulf currency peg
Zawya.com - KUWAIT CITY, Oct 1, 2007 (AFP) - The US interest rates cut has revived a fierce debate on whether the oil ... The US Fed rate cut was taken in the wake of the sub-prime mortgage crisis in a bid to spur economic growth after signs of a slowdown.
2007-10-01 03:08:00 -
Mortgages Enthusiast Starts Home Loans 180 Blog
24-7PressRelease.com - The http://homeloans180.com Blog helps interested people stay abreast of the latest news on the home loan crisis, sub prime loan effects, home interest rate news, mortgage issues and more. About Neekam Neekam company helps clients get the most out of ...
2007-09-30 11:47:00 -
New Mexico Agency Appointed to Represent The Cincinnati Insurance ...
Forbes - ... products -- Events, such as the sub-prime mortgage lending crisis, that lead to a significant decline in the value of a particular security or group of securities and impairment of the asset(s) -- Prolonged low interest rate ...
2007-10-01 05:10:00