Mortgage and Financial News From 2008-1-10 Page 16
Previous Day: 2008-01-09
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BoA in talks to take over struggling Countrywide
Times Online - The mortgage meltdown in the United States passed another landmark yesterday after it emerged that Bank of America was in advanced discussions to buy Countrywide Financial, America’s biggest home loan provider. The proposed deal, which could still ...
2008-01-10 04:57:00 -
Redrow hit as jitters strike home sales
Daily Telegraph - Rising interest rates] were compounded by Northern Rock as we moved into the key selling season of September, October, November, plus the impact of the credit squeeze on mortgage finance." The average selling price of a Redrow home remained broadly ...
2008-01-10 07:21:00 -
Bank May Buy Troubled Giant in Home Loans
New York Times - Countrywide Financial , the troubled lender that became a symbol of the excesses that led to the subprime mortgage crisis, is close to a deal to be acquired by Bank of America for about $4 billion in stock, according to people briefed on the ...
2008-01-10 07:13:00 -
Westpac raises fixed rate - Radio New Zealand
Westpac raises fixed rateRadio New Zealand, New Zealand - 1 hour agoThe two other Australian-owned banks, ASB and Bank of New Zealand, say their mortgage rates remain under review. Blair Vernon from BNZ says funding costs ...
2008-01-10 05:59:34 -
Unusual trades in Countrywide calls raise eyebrows - Reuters
Unusual trades in Countrywide calls raise eyebrowsReuters - 1 hour ago... that Bank of America may be close to a deal for the mortgage giant," said Jon Najarian, co-founder of Web information site optionmonster.com in Chicago. ...
2008-01-10 06:01:46 -
Clinton conjures up comeback magic - NH Primary
Clinton conjures up comeback magicNH Primary, NH - 1 hour agoFlanked by her husband, former President Bill Clinton, and their daughter, Chelsea, the New York senator vowed to fight for homeowners battling the mortgage ...
2008-01-10 06:04:14 -
SKorean shares higher in early trade on Wall St's continued rally ... - CNNMoney.com
SKorean shares higher in early trade on Wall St's continued rally ...CNNMoney.com - 1 hour agoA report that Bank of America Corp (NYSE:BAC) is close to buying struggling mortgage lender Countrywide Financial Corp (NYSE:CFC) added to the positive mood ...
2008-01-10 06:07:47 -
SKorean shares higher in early trade on Wall St's continued rally ... - Forbes
SKorean shares higher in early trade on Wall St's continued rally ...Forbes, NY - 1 hour agoA report that Bank of America Corp (nyse: BAC - news - people ) is close to buying struggling mortgage lender Countrywide Financial Corp (nyse: CFC - news ...
2008-01-10 06:10:16 -
Korean policymakers worry about rising consumer prices, interest rates - Korea.net
Korean policymakers worry about rising consumer prices, interest ratesKorea.net, South Korea - 1 hour agoPolicymakers also said interest on home mortgage loans rose for the past two months, affecting other types of loans. They said rates on credit and student ...
2008-01-10 06:27:15 -
Mortgage Rates Drop Below 6% - Hartford Courant
Mortgage Rates Drop Below 6%Hartford Courant, United States - 1 hour agoApplications for home loans surged to their highest levels in a month last week, and 57.7 percent of them were for refinancings, according to the Mortgage ...
2008-01-10 06:38:06 -
Bank of America May Acquire Countrywide, Person Says (Update3) - Bloomberg
Bank of America May Acquire Countrywide, Person Says (Update3)Bloomberg - 59 minutes agoCountrywide's rising stock led competing mortgage companies higher. IndyMac Bancorp Inc., the second-biggest independent home lender, rose 23 percent and ...
2008-01-10 06:42:57 -
Bank May Buy Troubled Giant in Home Loans - New York Times
Bank May Buy Troubled Giant in Home LoansNew York Times, United States - 43 minutes agoAs the nation’s largest mortgage lender, Countrywide helped fuel the housing boom by offering loans to high-risk borrowers. But as home prices began ...
2008-01-10 06:58:16 -
Banks Plead They Can’t Follow Rules - New York Times
Banks Plead They Can’t Follow RulesNew York Times, United States - 39 minutes agoNow home prices are falling in many areas. The risks of owning mortgage securities began to become apparent last spring, and the securitization markets ...
2008-01-10 07:02:52 -
Countrywide Shares Soar On Reports Of Talks - Washington Post
Countrywide Shares Soar On Reports Of TalksWashington Post, United States - 30 minutes agoIn 2006, it issued about a fifth of US home loans in terms of dollar amount, helping to extend a mortgage boom that has come crashing down, ...
2008-01-10 07:12:09 -
Billie Strait, 98, of Huntington Beach - Orange County Register
Billie Strait, 98, of Huntington BeachOrange County Register, CA - 18 minutes agoShe paid off the mortgage in five years. Although she was laid off from her printing-company job in 1974, by which time she was, thanks to her real estate ...
2008-01-10 07:23:19
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