Mortgage and Financial News From 2007-10-1 Page 7
Previous Day: 2007-09-30
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Dow closes at record in Wall Street rally
Monsters and Critics - New York - US stocks surged Monday, sending the Dow Jones Industrial Average to a record high, as investors gambled that the home mortgage crisis is waning and the Federal Reserve will cut interest rates further. All but two of the Dow's 30 blue-chip ...
2007-10-01 01:59:00 -
Dow roars to a new high
Los Angeles Times - Home & Garden ... Inc., which said its third-quarter earnings would fall 60% because of a $5.9-billion write-off related to soured mortgage ...
2007-10-01 04:30:00 -
Citi's Bad News Looks Good To Investors
Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... The financial services company said it would record $3.3 billion in writedowns for loans related to buyouts, mortgage-backed ...
2007-10-01 04:37:00 -
LI home builders try to manage downturn
Newsday - To take advantage of the buying boom, Lennar raised a lot of new homes fast -- too fast to stop and save itself when the mortgage industry ran into trouble, industry insiders said. And KB Home, the fifth-largest home builder by sales in the United ...
2007-10-01 12:41:00 -
Westpac buys RAMS unit
News.com.au - The business to be acquired includes the RAMS brand, franchise network and associated mortgage origination and servicing systems and contracts needed to run the distribution business. Westpac is not acquiring the ASX-listed RAMS Home Loans Group or ...
2007-10-01 05:48:00 -
Australia's Westpac to Buy RAMS Business for $125 Million
CNBC - Westpac Banking will buy the distribution arm of mortgage lender RAMS Home Loans Group , a high-profile Australian victim of the fallout from the U.S. subprime mortgage crisis, for A$140 million (US$125 million). Westpac, Australia's fourth-largest ...
2007-10-01 05:56:00 -
American Home must wait for ruling on taking retirement $
Newsday - U.S. Bankruptcy Judge Christopher Sontchi delayed a decision Monday on whether more than 110 former employees of Melville-based American Home Mortgage are entitled to more than $23 million that they had set aside from their paychecks as retirement ...
2007-10-01 10:03:00 -
MORTGAGE WOES (WBGO-FM Newark)
(NEWARK) - More and more homeowners are finding it harder and harder each month to make their mortgage payment. One certified public accountant has some advice for those in the market for a home to make sure they don’t fall into the red.
2007-10-01 03:19:20 -
Chasm grows between home lenders and self-employed (USA Today)
David Brannan, 44, of Monroe, N.C., is co-founder of a software company that's been in business since 1989. He and his wife have owned their home for 18 years and are in the process of buying a new, custom-built home. Brannan has an excellent credit score. So he was stunned last week when CitiMortgage rejected his mortgage application.
2007-10-01 06:12:09 -
FEARnet to Find America's Most Spirited Halloween Home and Reward the Winner By Paying Off Their Mortgage for a Year ... (Business Wire via Yahoo! Finance)
PHILADELPHIA----FEARnet, the world's premiere horror and thriller website and video on-demand service is using Yahoo!'s online contest service Bix.com to honor America's most spirited Halloween home decorators -- and reward the best by paying off their mortgage for an entire year!
2007-10-01 04:00:00 -
Fate of world economy lies with US housing - Greenspan
Gulf News - Trichet said he was making no comment on current economic and monetary conditions as the ECB meets to decide interest rates on Thursday. Policymakers are expected to leave the benchmark rate at 4.0 per cent, but Trichet said the ECB was helping to ...
2007-10-01 05:20:00 -
Penn Traffic Names Gregory J. Young President and CEO
Forbes - ... to attract and maintain adequate capital; the ability of the company to refinance; increases in prevailing interest rates; the ability of the company to obtain trade credit, and shipments and terms with vendors and service providers for current ...
2007-10-01 01:23:00 -
Dow tops 14,000, hits record
CNN Money - ... big banks are starting to put the worst behind them - and on hopes that the Federal Reserve will continue cutting interest rates ... However, the company also said that it was a one-time issue and that the current quarter should be better. "A lot of today ...
2007-10-01 05:20:00 -
News Minute: Dow record...Fundraising totals...Casualty count
WDAM-TV - ... on list of sites Defense Dept. is searching for unused ordnance CDC says Mississippi among states with highest smoking rates Associated Press - October 1, 2007 5:03 PM ET NEW YORK (AP) - The Dow Jones industrial average soared to a record high for ...
2007-10-01 11:29:00 -
Equities rally belies investor concerns
MSN MoneyCentral - The sharp rebound from the summer's lows came after the US Federal Reserve slashed interest rates on September 18. But some ... Indeed, investors' enthusiasm for emerging markets is among the main drivers of the current rally in equities, analysts ...
2007-10-01 04:37:00
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