Mortgage and Financial News From 2008-1-10 Page 4

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  • Friday newspaper round-up: LSE, Northern Rock, British Energy - ShareCast

    Friday newspaper round-up: LSE, Northern Rock, British EnergyShareCast, UK - 19 minutes agoThe mortgage meltdown in the United States passed another landmark yesterday after it emerged that Bank of America was in advanced discussions to buy ...
    2008-01-10 10:40:31
  • Business Briefs - NewsOK.com (subscription)

    Business BriefsNewsOK.com (subscription), OK - 16 minutes agoWASHINGTON — Freddie Mac's financial strength rating may be cut by Moody's over concerns that the government-sponsored mortgage finance company will ...
    2008-01-10 10:43:30
  • Toyota nears markas No. 1 automa... - Akron Beacon Journal

    Toyota nears markas No. 1 automa...Akron Beacon Journal, OH - 16 minutes ago... mortgage lender Countrywide Financial Corp. likely would be approved by regulators, analysts said Thursday, because otherwise the company could file for ...
    2008-01-10 10:43:34
  • Rand is firmer this morning - SABC News

    Rand is firmer this morningSABC News, South Africa - 14 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 10:45:23
  • Business in brief - New Mexican

    Business in briefNew Mexican, NM - 11 minutes ago... mortgage lender Countrywide Financial likely would be approved by regulators, analysts say, because otherwise the company could file for bankruptcy, ...
    2008-01-10 10:48:27
  • Card firms' consumer woes grow - Los Angeles Times

    Card firms' consumer woes growLos Angeles Times, CA - 11 minutes ago... the US sub-prime mortgage market has led to more than $97 billion in write-downs and loan losses at the world's largest financial companies and a 6.8% ...
    2008-01-10 10:48:55
  • Mozilo could reap $115 million - Los Angeles Times

    Mozilo could reap $115 millionLos Angeles Times, CA - 11 minutes agoIn October 2006, shortly before the severity of the mortgage crisis became understood to investors, Mozilo adopted a stock-trading plan allowing him to sell ...
    2008-01-10 10:48:55
  • Some common financing terms - Chicago Daily Herald

    Some common financing termsChicago Daily Herald, IL - 10 minutes agoAn attorney or title insurance company will review the abstract to identify any potential glitches in its background. Adjustable Rate Mortgage (ARM). ...
    2008-01-10 10:49:56
  • PRESS DIGEST - New York Times business news - Jan 11 - Reuters

    PRESS DIGEST - New York Times business news - Jan 11Reuters - 8 minutes agoN: Quote, Profile, Research), the troubled lender that became a symbol of the excesses that led to the subprime mortgage crisis, is negotiating a sale to ...
    2008-01-10 10:51:45
  • Japan's Nikkei 225 Falls to Lowest Since 2005 on Subprime Woes - Bloomberg

    Japan's Nikkei 225 Falls to Lowest Since 2005 on Subprime WoesBloomberg - 6 minutes agoMerrill Lynch, the world's biggest brokerage firm, may unveil losses of $15 billion from mortgage-related assets when it reports its earnings next week, ...
    2008-01-10 10:53:32
  • BOE rate decision supports; Sterling advances - Commodity Online

    BOE rate decision supports; Sterling advancesCommodity Online, India - 2 minutes ago... last Thursday showed that households and companies are likely to find it harder to borrow in the coming months, while lenders expect mortgage defaults ...
    2008-01-10 10:57:55
  • Fed Ready to Cut Interest Rates Again (IWon - Money)

    WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke pledged Thursday to slash interest rates as needed to prevent housing and credit problems from plunging the country into a recession.
    2008-01-10 10:46:15
  • Countrywide shares up on word of BofA talks (Pioneer Press)

    Bank of America Corp. is in talks to acquire Countrywide Financial Corp., the biggest U.S. mortgage lender, a person with knowledge of the discussions said Thursday. Countrywide shares rose more than 50 percent. A sale may salvage Bank of America's $2 billion August investment in Calabasas, Calif.-based Countrywide. The bank, based in Charlotte, N.C., owns preferred shares that are convertible ...
    2008-01-10 10:47:51
  • A Bank of America Bid for Countrywide Likely Would Get OK From Government, Analysts Say (Canadian Business)

    Alan Zibel January 11, 2008 - 00:01 a.m. WASHINGTON (AP) - Bank of America's anticipated proposal to rescue mortgage lender Countrywide Financial Corp. would also come as a relief to federal regulators.
    2008-01-10 10:48:22
  • Stocks rise on report that Bank of America is in advanced talks to buy Countrywide (The Globe Gazette)

    NEW YORK (AP) — A volatile Wall Street advanced Thursday for the second day in a row, as investors found renewed confidence in a report that Bank of America Corp. is close to buying struggling mortgage lender Countrywide Financial Corp.
    2008-01-10 10:50:21