Mortgage and Financial News From 2007-11-20
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Gold Rebounds As Dollar Slides to Low
Philadelphia Inquirer - The mortgage lender, like many financial companies, has suffered from rising defaults on home loans. Later Tuesday, the Federal Reserve will release the minutes of its October meeting. Investors will be looking for insight into the central bank's ...
2007-11-20 08:54:00 -
Citigroup debt protection costs hit new highs
Reuters - Financial companies weakened on Tuesday after mortgage finance company Freddie Mac (FRE.N: Quote , Profile , Research ) posted a $2 billion third quarter net loss, which was wider than forecast. Citigroup was also hit on Monday after Goldman Sachs ...
2007-11-20 08:18:00 -
Fiserv VISION Honored with BAI Innovation Moment for Solution ...
Forbes - Fiserv, Inc. (NASDAQ: FISV), a leading provider of technology solutions, announced today that Fiserv VISION, one of its business units, is one of only six companies to be honored with a BAI Innovation Moment award for its Transactional Mortgage ...
2007-11-20 06:02:00 -
D.R. Horton sees loss, still beats views
CNN Money - feed://rss.cnn.com/rss/money_news_companies.rss ... We also experienced reduced mortgage availability due to tighter lending standards, and buyers continued to approach the ...
2007-11-20 06:24:00 -
Nasdaq gains 1 percent
CNBC - ... of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies ...
2007-11-20 06:59:00 -
New Help Offered To Struggling Homeowners
NewsNet 5 - The Hope Now alliance is a partnership between mortgage companies and nonprofit housing counselors. Experts estimate that mortgage defaults could rise to 2 million or more in the coming two years as subprime mortgages reset. Those loans are now ...
2007-11-20 08:04:00 -
Charges are less than expected at builder D.R. Horton
USA Today - As the number of unsold homes swelled, the mortgage market also turned sour, with defaults rising. "We also experienced reduced mortgage availability due to tighter lending standards, and buyers continued to approach the home buying decision cautiously
2007-11-20 07:49:00 -
H&R chairman steps down
CNN Money - feed://rss.cnn.com/rss/money_news_companies.rss ... H&R Block's earnings have been hampered by its subprime mortgage lending unit Option One Mortgage Corp. over the past year ...
2007-11-20 09:37:00 -
Dubai state investment agency mulls U.S. purchases
Reuters - DUBAI (Reuters) - Investment Corporation of Dubai, an agency which pools some of the Dubai government's biggest holdings, said it is looking to benefit from the U.S. mortgage crisis to buy into troubled U.S. financial services companies. "What's ...
2007-11-20 08:32:00 -
Nationwide mail campaign to help at-risk homeowners Save Email Print
WNDU - Some help may be on the way for homeowners who are facing the risk of foreclosure because their mortgage payments are going higher. The Hope Now alliance, a partnership between mortgage companies and nonprofit housing counselors, is mailing out ...
2007-11-20 08:04:00 -
Mortgage firm Freddie Mac loses $2 billion
MSNBC - Slumping home prices and tighter credit conditions have increased losses at mortgage finance companies such as Freddie Mac and its bigger rival Fannie Mae. Through Monday’s close, shares of Freddie Mac are down about 45 percent year to date, in line ...
2007-11-20 07:57:00 -
Bonds Edge Down as Stock Futures Point Up
CNBC - ... pointed to a higher opening for U.S. equities, curbing the robust flight-to-safety bid that had pushed U.S. government bond yields to two-year lows on Monday. However, investors remained jittery about the exposure of big banks and mortgage companies ...
2007-11-20 05:05:00 -
A Paragon Of Disaster
Forbes - Most of the country's biggest mortgage companies are owned by leading banks like HBOS (other-otc: HBOOY - news - people ) and Royal Bank of Scotland (nyse: RBS - news - people ). That means they are able to tap into ...
2007-11-20 09:01:00 -
Shares of mortgage providers fall on back of Freddie Mac's woes
CNBC - Among other mortgage companies, Countrywide Financial shed 3.7% to $10.18, IndyMac Bancorp fell 1.15 to $9.15, Thornburg Mortgage slid 2.2% to $9.51 and NovaStar Financial dropped 5% to $1.51. Washington Mutual lost 4.7% to $17.63, while Bank of ...
2007-11-20 06:59:00 -
Mail campaign offers help to those in mortgage crisis (Deseret Morning News)
An alliance created to combat a rising flood of mortgage foreclosures began a nationwide mail campaign Monday, offering help to homeowners who may be having trouble meeting their mortgage payments.
2007-11-19 11:25:25