Mortgage and Financial News From 2007-11-3 Page 10
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2007-11-02 09:14:00 -
Harford woman battles mortgage giant in court
Baltimore Sun - Bankruptcy Court in Delaware to allege that American Home Mortgage had allowed its affiliates to market risky loans ... the bankrupt lender since April 2005, when its lending division issued what she called "a total bait-and-switch" - a refinance ...
2007-11-03 03:12:00 -
Agency approves Brethren Home bond
Evening Sun - The agency's board of directors voted Wednesday to approve a bond of up to $58 million to cover the cost of construction and refinance debt related to an earlier project at the Brethren home. Brethren Home Communications Director Frank Buhrman said ...
2007-11-03 04:23:00 -
Family Without Home After Fire (KFOX 14 El Paso)
EL PASO, Texas -- An El Paso family has to find another place to live for a while after a fire ripped through their home. It happened just before 10 a.m. Thursday in the 7300 block of Bishop Flores. Investigators said a candle caused the fire.
2007-11-01 09:21:32 -
Agency approves Brethren Home bond (The Evening Sun)
Residents that move into the Brethren Home Community's planned new apartment building in 2009 will have the Adams County Industrial Development Agency to thank for their new digs.
2007-11-03 04:39:45 -
Global stocks hit by fresh subprime concerns
Manila Times - ... the exposure of major commercial banks to the United States’ high-risk mortgage sector, which is facing severe problems after lending cash to borrowers with patchy credit histories. “Markets can deal with bad ...
2007-11-02 11:51:00 -
Merrill, Citigroup Ills Spread Through Sector
Washington Post - ... that was slowly being repaired after the shock of the summer's credit turmoil. As concern mounts about subprime mortgage losses, securities regulators launched an informal probe into deals that Merrill may have struck with hedge funds to move bad ...
2007-11-02 06:58:00 -
Banks' bad numbers suggest good audits
Charlotte.com - Banks' bad numbers suggest good audits It's important to hold hard line on valuation of risky ... Starting in the middle of the summer, the collapse in the housing and mortgage markets intensified into a full-blown credit crisis as lenders all ...
2007-11-02 11:01:00 -
Chilean Stocks Fall on Credit Crunch Concerns: Latin Equity
Bloomberg - ... stock index fell the most in two months on speculation more writedowns of U.S. subprime mortgage ... dropped again today as Merrill Lynch & Co.'s biggest drop in six years reinforced global credit concerns. ``Yesterday was a pretty bad day ...
2007-11-02 01:57:00 -
Treasurys rise on growing credit worries
CNBC - ... may have obscured recognition of losses from mortgage-backed securities. In addition, an unconfirmed rumor that Goldman Sachs Group Inc. will be forced to take a massive writedown for credit ... have been flooded simultaneously with good and bad ...
2007-11-02 02:04:00 -
Neighbors sharing water well need legal contract
Star-Banner - Third, it makes no sense to me that a subprime mortgage for people with bad credit would be lower than a loan for people with good credit like you and your husband. My strong suggestion: Get a second opinion from another mortgage lender. Something ...
2007-11-03 03:40:00 -
Citigroup CEO Plans to Resign As Losses Grow
Wall Street Journal - ... with the situation, as the bank faces big new losses from distressed mortgage assets. ... The mess involving subprime mortgages to borrowers with poor credit has hit ... Street has worried that financial institutions such as Citigroup may have bad ...
2007-11-03 02:22:00 -
GLOBAL MARKETS - Stocks fall as credit concerns re-emerge
Reuters India - Credit Suisse reported a 2.2 billion Swiss franc ($1.9 billion) writedown on bad loans and mortgage investments on Thursday and said its investment banking division barely broke even. Its shares tumbled more than 4 percent to its lowest level of the ...
2007-11-01 08:58:00 -
AP Business NewsBrief at 4:16 a.m. EDT
CNBC - Investors enter November with some considerable doubts about corporate earnings, inflation, the continuing credit turmoil ... as one widely watched analyst said investment banks face $10 billion or more in writedowns this quarter from bad mortgage debt ...
2007-11-03 01:10:00 -
Financials look cheaper by day but still no takers
Reuters - If the bad news keeps up, people will panic," said Andrew Feltus, who runs the ... announced a $7.9 billion write-down connected to its revaluation of mortgage-related ... Wall St ends up as tech overshadows credit fears
2007-11-02 02:33:00