Mortgage and Financial News From 2007-11-15 Page 10

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  • Retailers: Consumer spending's in trouble

    CNN Money - feed://rss.cnn.com/rss/money_news_companies.rss ... Ullman blamed a combination of weak housing conditions, mortgage and credit market concerns, and what he called the ...
    2007-11-15 10:26:00

  • House backs home mortgage market reforms

    CNBC - WASHINGTON - The House of Representatives voted on Thursday to regulate mortgage officers for the first time and take ... Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the ...
    2007-11-15 03:05:00

  • U.S. Stocks Decline; Wells Fargo, Fannie Mae, J.C. Penney Drop

    Bloomberg - ... 500 has tumbled 7.3 percent from an all time high of 1,565.15 on Oct. 9 after shares of banks and brokerages retreated on concern about mounting losses from mortgage-related securities. The Russell 2000 Index, a benchmark for companies ...
    2007-11-15 02:43:00

  • Outsourcing strategies such as Infinit-O's Dedicated Operating Team or ...

    PR Inside - Makati, Philippines - Most mortgage companies are still feeling the brunt of the mortgage implosion a couple of months back. It seems that for most players in the industry, it is a choice between "playing it safe and wait until things get better" or ...
    2007-11-15 09:21:00

  • Investors cash out of GE fund

    CNN Money - feed://rss.cnn.com/rss/money_news_companies.rss ... General Electric Co.'s GE Asset Management fund amid worries about potential losses due to the troubled subprime mortgage ...
    2007-11-15 12:27:00

  • Old phones learn new tricks

    Miami Herald - Some clients include mortgage companies that have folded, assetdisposal firms and nonprofits such as Habitat for Humanity. ''Very much like computers, this business has been a throwaway business,'' said Bill Hazi, owner of Omni Telecommunications, a ...
    2007-11-15 04:49:00

  • SF Bay area home sales fall by 36 percent in October

    KGO - Lenders have cut back on so-called jumbo loans exceeding $417,000 -- the current limit on the amount that government-backed mortgage companies Fannie Mae and Freddie Mac will buy from lenders. That's a problem for many buyers in states like California ...
    2007-11-15 02:08:00

  • LIUNA Launches Most Aggressive Effort Yet on Behalf of Shareholders ...

    Forbes - Proposals have, or will be, filed with financial service and mortgage holding companies including Lehman Brothers, Washington Mutual and Bear Stearns. The proposals would require full discussion and disclosure of the types of mortgages bought and ...
    2007-11-15 08:45:00

  • GSEs making progress but not fully compliant -OFHEO

    Reuters - Last: NEW YORK, Nov 15 (Reuters) - Limits on Fannie Mae and Freddie Mac mortgage portfolio growth will be lifted once the companies fully resolve "pertinent safety and soundness issues," their regulator, the Office of Federal Housing Enterprise ...
    2007-11-15 01:03:00

  • Small U.S. Stocks Fall as NovaStar Loss Widens; VeraSun Slips

    Bloomberg - The industry group has fallen 15 percent this year as at least 90 mortgage companies have halted loans, closed or sold themselves, according to data compiled by Bloomberg. NovaStar dropped the most since March, tumbling 43 percent to $2.61
    2007-11-15 06:58:00

  • California home sales plunge

    CNBC - Lenders have cut back on so-called jumbo loans exceeding $417,000 -- the current limit on the amount that government-backed mortgage companies Fannie Mae and Freddie Mac will buy from lenders. That's a problem for many buyers in states like California ...
    2007-11-15 02:51:00

  • Credit and housing woes maul Wall Street (Reuters via Yahoo! News)

    U.S. stocks sank on Thursday, their sixth drop in the past seven sessions, on worry that credit losses from mortgage defaults and slumping home prices would grow worse, hurting the economy and corporate profits.
    2007-11-15 01:59:32

  • Barclays, others see more writedowns (The Bellingham Herald)

    A High Street branch of Barclays Bank, in Wallington, England is seen in this Feb. 20, 2007 file photo. Barclays, Wells Fargo and SunTrust joined the slew of companies anticipating a total of more than $30 billion in mortgage-related losses this quarter.
    2007-11-15 02:05:35

  • Staying afloat (The Columbus Dispatch)

    MILWAUKEE -- As the housing market crumbles, homeowners are worried about mortgage payments and sellers are worried about slumping prices -- but the companies that insure their loans are worrying about their very survival in the face of billions of dollars in claims.
    2007-11-15 01:06:54

  • Replacing 'subprime' CEOs to cost investors $1 billion (Market Watch)

    NEW YORK (MarketWatch) -- Stakeholders in companies affected by the subprime-mortgage crisis stand to lose about $1 billion as ousted chief executives collect on near record-level severance packages, according to a report Thursday from the Corporate Library.
    2007-11-15 11:18:38

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