Mortgage and Financial News From 2007-11-15 Page 17

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  • Protecting your home's value

    CNN Money - NEW YORK (CNNMoney.com) -- Foreclosures can affect the value of your property even if you've been paying your mortgage faithfully. Here are some ways you can protect your home's worth if your area is hit hard by foreclosures. 1: Know the effect ...
    2007-11-15 07:27:00

  • On The Move For Thursday, Nov. 15

    Forbes - A slew of earnings news is weighing on the market today. Evidence that the housing slump is hurting more than just home builders and mortgage lenders: Home-furnishing retailer Williams-Sonoma (nyse: WSM - news - people ) warned today that fourth ...
    2007-11-15 10:11:00

  • Fannie Mae Declines on Concerns That It Downplays Credit Losses

    Bloomberg - Nov. 15 (Bloomberg) -- Fannie Mae fell as much as 12 percent today after a magazine reported the biggest source of money for U.S. home loans altered how it measures the impact of mortgage foreclosures in a way that downplays credit losses. An article ...
    2007-11-15 12:56:00

  • Activists urge US stop FHA curb on downpayment aid

    Reuters - WASHINGTON, Nov 15 (Reuters) - Community activists on Thursday called on Senate Democrats to help stop the U.S. government from banning certain mortgage down payment assistance programs designed to put low income and minority families into home ...
    2007-11-15 12:06:00

  • Wells Fargo: Home Slump Like Great Depression

    Forbes - In what has become a familiar refrain, Stumpf blamed the housing woes on weak demand, a decline in home prices, rising defaults and poor loan-lending practices. Shares of America’s second-largest mortgage lender slipped 1.8%, or 61 cents, to $32.64 ...
    2007-11-15 12:06:00

  • Barclays Writes Down $2.7 Billion on Mortgage Losses (Update7)

    Bloomberg - Nov. 15 (Bloomberg) -- Barclays Plc, the U.K.'s third-biggest bank, wrote down about 1.3 billion pounds ($2.7 billion) of credit-related securities tied to the U.S. subprime-mortgage market collapse. Net charges and writedowns were 500 million pounds ...
    2007-11-15 10:04:00

  • TCV to Invest $55M in TheStreet.com to Accelerate Growth

    Forbes - BankingMyWay.com - providing consumers nationwide with the best rates on CDs, savings accounts, interest checking, money markets, mortgage/home equity and auto loans; and Rate-Watch.com - one of the nation's largest providers of pricing solutions for ...
    2007-11-15 01:03:00

  • NovaStar Shares Hammered on $600M Loss

    Forbes - Many of NovaStar's competitors, such as American Home Mortgage Investment (nyse: AHM - news - people ) Corp. and New Century Financial Corp. (other-otc: CYFL.PK - news - people ), have gone out of business this ...
    2007-11-15 10:47:00

  • NovaStar's Shares Plunge on $600M Loss

    Forbes - Many of NovaStar Financial (nyse: NFI - news - people )'s competitors - including American Home Mortgage Investment (nyse: AHM - news - people ) Corp. and New Century Financial Corp. (other-otc: CYFL.PK - ...
    2007-11-15 09:57:00

  • Wells Fargo CEO Says Bank Is `Not Immune' to Slowdown (Update2)

    Bloomberg - Home mortgage and home equity loans make up only 19 percent of Wells Fargo's profit, Stumpf said. Its largest contributor to profit is its community banking business, which accounts for a third of earnings. Wells Fargo's largest ...
    2007-11-15 11:37:00

  • U.S. Bank In Pueblo Names Ana Pineda Mortgage Banker (Hispania News)

    U.S. Bank in Pueblo has named Ana Pineda a mortgage banker. Brenda Hemry, regional manager for U.S. Bank Home Mortgage, made the announcement. Pineda is responsible for originating home mortgage loans. She works at the U.S. Bank office located at 1018 Constitution Road in Pueblo.
    2007-11-15 07:23:16

  • October Bay Area Home Sales Fall 36 Percent (CBS 5 Bay Area)

    Reluctant buyers and tightened mortgage lending combined to drag down home sales in a nine-county region around San Francisco Bay last month to the lowest level in more than 20 years, a real estate research firm said Thursday.
    2007-11-15 12:18:22

  • October's home sales slowest in at least 19 months (BizJournals)

    Weighed down my continuing mortgage market turbulence and hesitant buyers, Bay Area home sales in October remained at their lowest level in decades, according to a report released Thursday.
    2007-11-15 12:38:59

  • Protecting your home's value (CNN Money)

    Foreclosures can affect the value of your property even if you've been paying your mortgage faithfully. Here are some ways you can protect your home's worth if your area is hit hard by foreclosures.
    2007-11-15 07:41:10

  • Bankers see stability in interest rates

    Business Standard - State-run banks, State Bank of India and Canara Bank, today said interest rates are expected to remain stable to soft in the ... said that NIM, which was above 3 per cent in 2006-07, came down to below that level in the initial months of the current ...
    2007-11-15 10:40:00

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