Mortgage and Financial News From 2007-9-5 Page 01

Previous Day: 2007-09-04

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• Orioles defy all business models

  Baltimore Sun - No, because the troubled mortgage lender admits it has a problem and has taken steps to fix it (by reducing loans to subprime ... Dream Home takes readers into the houses of Baltimore area residents who have found their ideal home, whether it be a ...
  2007-09-05 07:42:00

• MGIC scraps Radian deal amid mortgage turmoil

  Boston Globe - NEW YORK (Reuters) - Mortgage insurer MGIC Investment Corp
  2007-09-05 01:54:00

• Planned job cuts surged in August

  MSNBC - ... finance companies, cutting off their ability to fund loans made to U.S. homebuyers. One of the most spectacular collapses occurred when Melville, New York-based American Home Mortgage Investment Corp., which had been the No. 10 U.S. mortgage lender ...
  2007-09-05 11:38:00

• Banking Regulators Respond To Lawsuit

  Hartford Courant - ... Attorney General Richard Blumenthal accused a loan officer and his associates of preying on dozens of unsuspecting home ... Mortgage defaults and foreclosures among those borrowers have soared with a slowdown in the housing market. Pitkin was quick to ...
  2007-09-05 06:48:00

• Lender to cut 1,900 jobs

  Baltimore Sun - The Capital One announcement came as Countrywide Financial Corp., the nation's largest mortgage lender, sought to reassure ... 10 U.S. financial institutions belong to the home loan bank system, which is a major player in the $8 trillion home mortgage ...
  2007-09-05 09:40:00

• CSK Auto, Countrywide, Frontier, Martek: U.S. Equity Preview

  Bloomberg - The home lender said it cut 900 jobs mostly in its mortgage-production divisions. Shares declined $1 to $18.81 in regular trading yesterday. Frontier Airlines Holdings Inc. (FRNT US): The Denver-based low-fare carrier said it will exceed its ...
  2007-09-05 09:11:00

• Yen Rises as Traders Unwind Carry Trades Due to Subprime Loans

  Bloomberg - ... assets with loans from Japan, known as carry trades, on speculation subprime mortgage ... in Tokyo at Mizuho Corporate Bank Ltd., a unit of Japan's second- largest lender by ... Stocks Tumble After Home Sales Drop, Global Credit Concerns Resurface Yen ...
  2007-09-05 04:46:00

• Countrywide to Cut About 900 More Jobs

  US News and World Report - LOS ANGELES (AP) -- Struggling mortgage lender Countrywide Financial Corp. said Wednesday it will cut about 900 more jobs nationwide, primarily from its mortgage production divisions. The cuts followed the elimination of about 500 positions last ...
  2007-09-05 05:15:00

• Countrywide cuts 900 jobs from mortgage production division (The San Francisco Examiner)

  LOS ANGELES ( Map , News ) - Struggling mortgage lender Countrywide Financial Corp. says it will cut about 900 jobs nationwide, primarily from its mortgage production divisions.
  2007-09-05 04:39:27

• Lawyer for failed mortgage firm given Nevada mortgage post (Las Vegas Sun)

  LAS VEGAS (AP) - A top lawyer for bankrupt New Century Financial Corp., once the nation's second-largest subprime lender and now the target of a federal securities investigation, took over Wednesday as commissioner of the Nevada Mortgage Lending Division.
  2007-09-05 06:07:30

• Record drop in pending home sales (CNN Money)

  The meltdown in the mortgage market caused the biggest drop on record in July for pending home sales, taking the index down to the lowest level since the month that included the Sept. 11, 2001 terrorist attack.
  2007-09-05 07:15:09

• Is your lender a risk taker? (The Record)

  Which New Jersey-based mortgage lender makes the riskiest loans? According to SMR Research Corp., it's CIT Group Inc., which is in the process of exiting its Livingston-based home-loan business.
  2007-09-04 11:02:58

• Democrats Challenge Bush on Iraq

  Digital Chosunilbo - Thousands of American homeowners have fallen behind on their mortgage payments because their adjustable rate mortgages have reset at higher interest rates. As the mortgage industry goes through a period of adjustment, Mr. Bush says the federal ...
  2007-09-01 05:55:00

• Bank of England helps money markets

  Channel 4 News - The Bank's first move since the beginning of the credit crunch is set to make banks less dependent on overnight borrowing markets, where interest rates have soared in the recent financial turmoil. It has lifted its September reserves target by 6% to ...
  2007-09-05 01:11:00

• SunJournal.com Privacy Policy

  Sun-Journal - ... incurred in connection with your member name and password (including any applicable taxes) at the rates ... commerce transactions and other topics we think you might find of interest. We reserve ...
  2007-09-05 12:43:00

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