Mortgage and Financial News From 2007-8-27 Page 01
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US STOCKS-Housing, growth worries trip up Wall Street
Reuters - Shares of banks, brokers and mortgage lenders fell on nagging credit worries and after Goldman Sachs slashed its earnings forecast on Lehman Brothers, Bear Stearns and Morgan Stanley. But trading was light and volatility fell from recent highs ...
2007-08-27 08:36:00 -
Study:Â Bad credit tops terror as risk to economy
MSNBC - The market turmoil began earlier this year, when mortgage lenders like New Century Financial Corp. and H&R Block Inc.’s Option One Mortgage Corp. unit reported their clients were missing payments on their home loans more frequently. This led the ...
2007-08-27 02:24:00 -
IndyMac trades first US mortgage bonds in 36 days
Reuters - Investors may now be more comfortable with high-rated mortgage bonds since yields are higher, lenders have strengthened underwriting standards and securities have greater protections against default, Nichols wrote. The trades followed IndyMac's ...
2007-08-27 08:36:00 -
Lenders lie low as crisis swirls
Worldnews.com - NEW YORK -- As the mortgage shakeout forces dozens of home lenders into bankruptcy , some are merely going into something like suspended animation -- shutting down temporarily and hoping to escape intact once the crisis has run its course. Companies ...
2007-08-27 03:21:00 -
Housing, growth worries trip up Wall Street
CNBC - Shares of banks, brokers and mortgage lenders fell on nagging credit worries and after Goldman Sachs slashed its earnings forecast on Lehman Brothers, Bear Stearns and Morgan Stanley. But trading was light and volatility fell from recent highs ...
2007-08-27 09:12:00 -
Moody's may cut IndyMac to junk, affirms WaMu
Reuters - Mortgage lenders have struggled with tighter credit markets as investors, fearful of rising delinquencies, stopped buying a wide variety of home loans, including many once thought safe. Many have tightened their lending standards this year, and ...
2007-08-27 10:38:00 -
NovaStar, other lenders' stocks fall after home-sales news
MSN MoneyCentral - Subprime-mortgage lender NovaStar Financial Inc.'s stock price fell as much as 10 percent Monday, the same day the National Association of Realtors released figures showing that existing-home sales in July fell 9 percent from the same month last year ...
2007-08-27 07:10:00 -
Emerging markets resistant to U.S. turmoil, lenders say
Reuters - WASHINGTON, Aug 27 (Reuters) - Emerging-market economies have resisted the turmoil in U.S. subprime mortgage markets so far but could still feel a dampening impact on lending from the U.S. experience, a lenders' group said on Monday. The Institute of ...
2007-08-27 10:17:00 -
Stocks Fall on Mortgage Weakness
Wall Street Journal - Once again, shares of mortgage lenders suffered. Selling ensued after Lehman Brothers lowered its price target on Countrywide Financial and cut its 2007 earnings outlook for the mortgage giant, citing concern about the value of its loans, among other ...
2007-08-27 08:58:00 -
Kroll Factual Data's Mortgage Credit Services Now Available
MSN MoneyCentral - Kroll Factual Data is a leading provider of business information to mortgage lenders, consumer lenders, property management firms and other businesses. For over 20 years, Kroll Factual Data has helped business make prompt, accurate decisions by ...
2007-08-27 02:31:00 -
Stocks Drop on Housing, Mortgage Woes
BusinessWeek - Countrywide Financial ( CFC ) fell almost 5% after a Lehman Brothers analyst cut estimates for the mortgage lenders, partly to reflect increased loan foreclosures and losses. On Monday, the Dow Jones industrial average fell 56.74 points, or 0.42%, to ...
2007-08-27 09:12:00 -
UK Mortgage Market Reacts To US Crash
Forbes - BOURNEMOUTH, England, Aug. 27 /PRNewswire/ -- The Council of Mortgage Lenders stated earlier this month that because of the "structural differences" between US lending and UK regulated lending the UK mortgage market would not be affected. However it ...
2007-08-27 12:58:00 -
UK Mortgage Market Reacts To US Crash (PR Newswire via Yahoo! Finance)
The Council of Mortgage Lenders stated earlier this month that because of the "structural differences" between US lending and UK regulated lending the UK mortgage market would not be affected.
2007-08-27 01:03:00 -
Not all lenders are satisfied with new predatory lending law (BizJournals)
A new Minnesota law cracking down on predatory lending practices went into effect Aug. 1. It comes after a great deal of work between the Minnesota Department of Commerce, the office of Attorney General Lori Swanson, state legislators and various mortgage lenders.
2007-08-27 05:01:14 -
Mortgage survivors see chance to grow (BizJournals)
Mortgage lenders are closing their doors in droves.
2007-08-27 04:46:08
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