Mortgage and Financial News From 2007-11-20 Page 12

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• Banking regulator floats proposal of incentive payments to encourage ...

  CNBC - WASHINGTON - Companies that collect mortgage payments could earn $500 for every loan they modify to avoid default under a plan developed by the federal regulator of the nation's savings and loans. As millions of adjustable-rate home loans approach ...
  2007-11-20 01:26:00

• Housing's Roof Collapsing

  Street.Com - Look at the huge quarterly losses reported Tuesday by D.R. Horton ( DHI - Cramer's Take - Stockpickr ), the country's largest homebuilder, and Freddie Mac ( FRE - Cramer's Take - Stockpickr ), one of the largest purchasers of U.S. home mortgage loans ...
  2007-11-20 11:17:00

• BNY Mortgage Company Completes Transition, Becomes EverBank(R) Reverse ...

  Forbes - EverBank Reverse Mortgage LLC is headquartered in Bloomfield, New Jersey, and operates regionally as an originator and servicer of reverse mortgage loans. EverBank Reverse Mortgage LLC is an Equal Housing Lender and is located at 1455 Broad Street ...
  2007-11-20 08:25:00

• Fitch Rates $171.77MM RFMSI Mortgage Pass-Through Ctfs, Series 2007-S9

  Forbes - The certificates represent ownership in a trust fund, which consists primarily of 318 one-to four-family conventional, fixed-rate mortgage loans secured by first liens on residential mortgage properties. As of the cut-off date (Nov. 1, 2007), the ...
  2007-11-20 11:03:00

• Freddie Mac sets aside $1.2 billion for bad home loans (Minneapolis-St. Paul Star Tribune)

  WASHINGTON Freddie Mac set aside $1.2 billion in the third quarter to account for bad home loans and the company posted a $2 billion loss Tuesday amid a worsening mortgage crisis. Losses for the nation's second largest guarantor of home mortgages widened from $715 million last year during the same period. Freddie Mac said it made the provision for credit losses in the July-September period ...
  2007-11-20 05:37:55

• Mortgage Crisis Intensifies: Freddie Mac Posts $2B Loss; Says It Needs Fresh Capital Infusion (Canadian Business)

  Marcy Gordon November 20, 2007 - 2:42 p.m. WASHINGTON (AP) - The mortgage crisis intensified Tuesday as Freddie Mac, the nation's No. 2 buyer and guarantor of home loans, posted its largest quarterly loss ever and warned that it may need to curtail its business unless it can raise fresh capital.
  2007-11-20 12:10:54

• Mortgage crisis intensifies: Freddie Mac posts $2B loss (Los Angeles Times)

  WASHINGTON -- The mortgage crisis intensified today as Freddie Mac, the nation's No. 2 buyer and guarantor of home loans, posted its largest quarterly loss ever and warned that it may need to curtail its business unless it can raise fresh capital.
  2007-11-20 12:36:15

• Analysts fear mortgage woes could spread to auto loans (The State)

  Rising delinquency rates on car and truck loans have some industry analysts concerned that subprime mortgage troubles could spill into the automotive finance business. In a note to investors Monday, Lehman Brothers analyst Brian Johnson said his analysis of auto loan-backed securities sold by Ford Motor Credit Co. and GMAC Financial Services showed some higher delinquency rates for October and ...
  2007-11-19 09:28:00

• Mortgage woes could spread to auto loans (The Post and Courier)

  DETROIT — Rising delinquency rates on car and truck loans have some industry analysts concerned that subprime mortgage troubles could spill into the automotive finance business. In a note to investors Monday, Lehman Brothers analyst Brian Johnson said his analysis of auto loan-backed...
  2007-11-19 10:01:31

• Mortgage woes could spread to auto loans (Sun-Sentinel)

  Rising delinquency rates on car and truck loans have some industry analysts concerned that subprime mortgage troubles could spill into the automotive finance business.
  2007-11-20 12:10:19

• U.S. Federal Reserve Meeting Minutes for October 31 (Text)

  Bloomberg - Deterioration in nonprime mortgage markets as well as higher mortgage interest rates and tighter lending conditions for prime jumbo ... to about the level observed in the first quarter, and longer-term inflation expectations slipped to their lowest ...
  2007-11-20 11:10:00

• US home building rises

  Financial Times - ... housing activity, fell 6.6 per cent to their lowest ... have failed to encourage buyers, while tighter mortgage lending standards have made it harder for people to finance home purchases.
  2007-11-20 02:02:00

• Housing woes slam GM stock

  Detroit News - The mortgage meltdown and subsequent housing crisis is crimping all automakers. First ... One analyst just said he expects an increase in default rates among auto loan ... U.S. auto sales are on track to end this year at 16 million vehicles, the lowest ...
  2007-11-20 11:46:00

• U.S. Two-Year Note Yields Near Lowest Since 2005 on Stock Slump

  Bloomberg - Two-Year Note Yields Near Lowest Since 2005 on Stock Slump By Wes Goodman Nov. 20 ... point this month as traders anticipate the Federal Reserve will cut interest rates ... equity rating of Citigroup, the largest U.S. bank by assets, after rising mortgage ...
  2007-11-19 09:20:00

• Stocks Retreat After Freddie Disappoints

  Newsday - But worries about the subprime mortgage crisis eventually re-emerged, thanks largely ... of energy does make it harder for the Fed to continue lowering interest rates. If ... showed housing starts unexpectedly rose in October after hitting their lowest level ...
  2007-11-20 11:10:00

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