Mortgage and Financial News From 2008-1-10 Page 3

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  • Merrill Lynch to Take $15 Billion Mortgage Writedown, NYT Says

    Bloomberg - Merrill Lynch to Take $15 Billion Mortgage Writedown, NYT Says By Joseph Galante Jan. 11 (Bloomberg) -- Merrill Lynch & Co ... Soaring investments by sovereign wealth funds such as China Investment Corp. in finance companies may trigger a political ...
    2008-01-10 10:20:00
  • Mortgage servicers rally on report that Countrywide Financial in ...

    Forbes - NEW YORK (Thomson Financial) - Shares of mortgage servicing companies rallied sharply on a media report that Countrywide Financial was in talks to be acquired Countrywide shares rocketed as much as 74% in intraday before paring gains to trade up 47 ...
    2008-01-10 12:25:00
  • Australia Corporate Bond Risk Rises to Record on Merrill Report

    Bloomberg - Jan. 11 (Bloomberg) -- The risk of Australian companies defaulting on their debt rose to a record for a sixth day after the New York Times reported Merrill Lynch & Co. will have $15 billion in losses from its mortgage investments. Credit-default ...
    2008-01-10 10:41:00
  • Countrywide Shares Soar On Reports Of Talks

    Washington Post - In 2006, it issued about a fifth of U.S. home loans in terms of dollar amount, helping to extend a mortgage boom that has come crashing down, hitting the balance sheets of financial companies everywhere and threatening to push the economy into a ...
    2008-01-10 08:39:00
  • Feds Seem to Favor Countrywide Buyout

    Philadelphia Inquirer - It could also be a huge blow to government-sponsored mortgage finance companies Fannie Mae and Freddie Mac, which are major buyers of Countrywide's loans. For the first nine months of 2007, Countrywide was the largest U.S. mortgage lender, while ...
    2008-01-10 10:41:00
  • Asian Stocks Fall on Concern U.S. Subprime Losses Will Spread

    Bloomberg - Jan. 11 (Bloomberg) -- Asian stocks fell, with the benchmark index set for its steepest five-day decline in four weeks, on concern losses on U.S. subprime-mortgage investments will widen. Commonwealth Bank of Australia led financial companies lower ...
    2008-01-10 09:58:00
  • The Stages of a Bear Market − − Denial, Concern, Capitulation - FXstreet.com The Futures Market

    The Stages of a Bear Market − − Denial, Concern, CapitulationFXstreet.com The Futures Market, Spain - 1 hour agoMoreover, the stresses in the economy are now spreading to credit card companies. Capital One missed its 2007 earnings estimate by 20% amid increasing ...
    2008-01-10 09:51:55
  • Merrill Lynch to Take $15 Billion Mortgage Writedown, NYT Says - Bloomberg

    Merrill Lynch to Take $15 Billion Mortgage Writedown, NYT SaysBloomberg - 1 hour agoSoaring investments by sovereign wealth funds such as China Investment Corp. in finance companies may trigger a political backlash in the US and Europe. ...
    2008-01-10 09:52:59
  • Builders get creative to boost sales - Bradenton Herald

    Builders get creative to boost salesBradenton Herald,  United States - 1 hour agoIf the new home is completed before the old one is sold, Bruce Williams Homes will pay up to six months of mortgage payments on the new home. ...
    2008-01-10 09:55:39
  • Japan, US central bankers bearish - South China Morning Post (subscription)

    Japan, US central bankers bearishSouth China Morning Post (subscription), Hong Kong - 54 minutes agoStill-unsettled financial markets were a concern and it was not yet clear the extent of losses that banks and other market participants face as mortgage ...
    2008-01-10 10:06:03
  • Wall St indexes rise on Countrywide takeover buzz - Reuters South Africa

    Wall St indexes rise on Countrywide takeover buzzReuters South Africa, South Africa - 41 minutes agoFinancial stocks rose amid hopes that a possible sale of Countrywide would mark a turning point for beaten-down lenders and other mortgage finance companies ...
    2008-01-10 10:18:54
  • Powerhouses Look Abroad to Raise Capital - The Associated Press

    Powerhouses Look Abroad to Raise CapitalThe Associated Press - 39 minutes agoGlobal banks have booked almost $110 billion of writedowns since last year because of bad bets on subprime mortgage securities, and the ensuing credit ...
    2008-01-10 10:21:00
  • Corporate Identity Theft and Insurance Fraud - AHRC News Services

    Corporate Identity Theft and Insurance FraudAHRC News Services, CA - 34 minutes agoIn that story, Mr. Strickland reported the various cell phone companies decided to absorb the several thousand dollar's worth of damage. ...
    2008-01-10 10:25:33
  • A Group of Advocates out to Make a Difference - AHRC News Services

    A Group of Advocates out to Make a DifferenceAHRC News Services, CA - 29 minutes ago... is known that some of the judges and lawyers are as much involved, as the service lenders of mortgage companies are, and we have documents to prove it. ...
    2008-01-10 10:30:46
  • Merrill Lynch reportedly facing massive write-down - MarketWatch

    Merrill Lynch reportedly facing massive write-downMarketWatch - 24 minutes agoMerrill is likely to write down the value of its CDO and subprime mortgage-backed security exposures by $10 billion next week, Bernstein Research estimated. ...
    2008-01-10 10:35:43