Mortgage and Financial News From 2007-10-1 Page 4

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  • Temple bets on home buyers

    Philadelphia Inquirer - Those in the program will be eligible for the city's Home-Buy-Now program, which will match the university's contribution for buyers using approved mortgage lenders. The program was developed with the support of Councilman Darrell Clarke. Citing the ...
    2007-10-01 12:59:00

  • Fannie Mae Prices $375 Million of Preferred Stock

    Forbes - Fannie Mae has a federal charter and operates in America's secondary mortgage market to ensure that mortgage bankers and other lenders have enough funds to lend to home buyers at low rates. Our job is to help those who house America. SOURCE Fannie Mae
    2007-10-01 02:49:00

  • Private equity deals that have hit snags

    BusinessWeek - ACCREDITED HOME LENDERS HOLDING CO.: The mortgage lender settled a lawsuit Sept. 18 with private equity fund Lone Star Fund V LP, which had attempted to reduce the price of its buyout offer. Lone Star had tried to back out of the deal, arguing ...
    2007-10-01 05:41:00

  • Banking giants warn of new losses from subprime crisis

    Gulf Times - Dozens of US mortgage lenders have been put out of business and major US and European banks have taken a hit, making them more wary about granting the credit on which economic growth is dependent. Deutsche Bank, US giant Bear Sterns, and Wall Street ...
    2007-10-01 04:08:00

  • Dow Closes At Record As Credit Fears Ease

    Forbes - ... itself a victim of recent poor earnings attributed to the subprime meltdown, was up $2.69, 2.2%, to $125.50, and Countrywide Financial (nyse: CFC - news - people ), one of the lenders hit hardest by the mortgage collapse, was up 5.0 ...
    2007-10-01 02:21:00

  • Hudson City: Small Bank, Big Promise

    BusinessWeek - The recent turmoil in mortgage markets and the reduction in volume by many lenders due to capital restraints presents an opportunity, in our opinion, for Hudson City Bancorp ( HCBK ; recent price, $15) to increase its market share. Hudson's strong ...
    2007-10-01 04:30:00

  • WaMu: Mortgage brokers must disclose more

    CNN Money - Industry data show that mortgage brokers and state-licensed lenders generate about 68 percent of all residential mortgages in the U.S. In recent months, however, the rising number of soured loans has forced lenders to scrutinize more closely their ...
    2007-10-01 01:59:00

  • Leaders & Laggards: S&P 500

    Forbes - The stock rose along with other mortgage lenders on hopes that the Federal Reserve Bank might cut interest rate targets even further following a report that manufacturing growth slowed last month. Pulte Homes shares added $1.18, or 8.7 percent, to $14 ...
    2007-10-01 02:14:00

  • Sector Snap: Mortgage Lenders Rise

    CNBC - NEW YORK - Shares of mortgage lenders mostly jumped Monday on the prospect that the Federal Reserve might cut interest rate targets even further following a report that manufacturing growth slowed last month. The Federal Reserve in September cut the ...
    2007-10-01 12:26:00

  • Big lenders hit hardest in credit crunch (eFinancial News)

    Big lenders such as JP Morgan, Bank of America, Citi and UBS are facing well over $6bn (€4.2bn) of losses due to sub-prime and leveraged finance troubles, or almost twice as much as independent investment banks like Goldman Sachs, Lehman Brothers and Morgan Stanley.
    2007-10-01 09:10:40

  • How to evaluate mortgage bail-out programs (Market Watch)

    PALM BEACH GARDENS, Fla. (MarketWatch) -- Many programs offer to bail you out of an impending mortgage rate increase. Do any really help?
    2007-10-01 05:03:49

  • Sector Snap: Mortgage Lenders Rise (AP via Yahoo! Finance)

    Shares of mortgage lenders mostly jumped Monday on the prospect that the Federal Reserve might cut interest rate targets even further following a report that manufacturing growth slowed last month.
    2007-10-01 12:18:27

  • British banks gorge on ECB's cheap credit

    Daily Telegraph - Mr Redeker believes the key motive in going to Frankfurt is the certainty of secrecy, rather than the lower interest rate. "Nobody wants to take up the Bank of England's three-month tender because of the stigma. They will be punished immediately by ...
    2007-10-01 05:13:00

  • Divorce loans offered to help heartbroken

    News.com.au - Named "Re" for those re-starting their lives, the loan helps divorcees cover the cost of compensation and legal payments and offers a lower interest rate than credit card loans, on which Japan's growing number of divorce-seekers have depended in the ...
    2007-10-01 05:05:00

  • Versar, Inc. Extends and Expands Credit Line at Reduced Interest Rate

    Forbes - Versar, Inc. (Amex:VSR) today announced that it has increased its revolving line of credit with the United Bank from $5 million to $7.5 million and extended its credit facility until November 30, 2009. In addition, the interest on any borrowings was ...
    2007-10-01 06:14:00

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