Mortgage and Financial News From 2007-11-20 Page 4

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• Countrywide Debt Risk Soars on Speculation of Funding Shortage

  Bloomberg - Credit-default swap investors started demanding upfront payments to take on the risk that the biggest U.S. mortgage lender will default in the next five years. Countrywide credit-default swaps rose as high as 13 percent upfront and 500 ...
  2007-11-20 11:03:00

• D.R. Horton Swings to 4Q Loss

  Chicago Tribune - The Horton results came the day after the National Association of Home Builders reported that homebuilder confidence ... Horton said it would take price cuts and better mortgage availability before markets such as California can recover. Chairman ...
  2007-11-20 11:10:00

• Freddie Mac, a Buffer Against Crisis, Posts $2 Billion Loss

  Washington Post - Their impact on the broader mortgage market is significant because by guaranteeing another lender's loans, they effectively free up that lender's capital so that more money is available for home purchases -- an important consideration when credit ...
  2007-11-20 08:28:00

• UPDATE 1-Countrywide default swaps surge, trade upfront

  Reuters - ... the home loan unit of Countrywide Financial Corp (CFC.N: Quote , Profile , Research ) jumped on Tuesday following an analyst downgrade and on concerns over mounting losses at the largest U.S. mortgage lender. Credit default swaps on Countrywide Home ...
  2007-11-20 01:55:00

• RAMS confident of refinancing some of its debt

  News.com.au - TROUBLED lender RAMS Home Loans is confident it can refinance at least one of the two debt facilities it needs to help fund its existing mortgage book by a February deadline. A high profile local victim of the US sub-prime mortgage crisis, RAMS said ...
  2007-11-20 07:38:00

• Is the buy-to-let boom over?

  Belfast Telegraph - Home News Breaking News Northwest Edition Business Business Telegraph Sport Health ... Bingley, the buy-to-let sector's largest lender, sold off more than 4bn worth of ... Ray Boulger, the senior technical manager at the independent mortgage broker John ...
  2007-11-20 07:45:00

• Freddie makes its voice heard (FT.com via Yahoo! News)

  You have to hand it to Freddie Mac. The giant US mortgage lender doesn't report earnings very often, but when it does, it makes the opportunity count.
  2007-11-20 11:55:12

• Countrywide shares go on wild ride (Washington Post)

  NEW YORK (Reuters) - Countrywide Financial Corp shares plummeted as much as 22 percent on Tuesday on speculation the largest U.S. mortgage lender might run short of cash, but recovered most of that loss after the company said it has ample liquidity and will not go bankrupt.
  2007-11-20 02:12:21

• Countrywide shares sink on downgrade (CNN Money)

  Mortgage lender is shifting its focus to almost wholly offer loans that fit Fannie Mae and Freddie Mac lending guidelines.
  2007-11-20 10:11:10

• Survival fears dog US mortgage lenders (Guardian Unlimited)

  America's sub-prime mortgage crisis caused nervous lurches on Wall Street yesterday as two leading home loans companies suffered a crisis in investor confidence and the Federal Reserve dampened economic expectations
  2007-11-20 05:04:06

• Countrywide shares fall after downgrade as lender denies bankruptcy rumors (Sharewatch)

  NEW YORK (Thomson Financial) - Shares of embattled mortgage lender Countrywide Financial fell 11% Tuesday in sympathy with Freddie Mac and after Moody's downgraded Countrywide's Alt-A deals, as it denied a media report that it would go bankrupt.
  2007-11-20 01:01:36

• Countrywide plummets as mortgage jitters grow (Reuters via Yahoo! News)

  Countrywide Financial Corp shares plummeted as much as 22 percent on Tuesday to their lowest level in more than seven years on speculation that the largest U.S. mortgage lender was running short of cash.
  2007-11-20 12:08:04

• Insurance: Sector likely to quadruple

  Financial Times - Saudi Arabia, the largest country with a population of about 25m, is leading the charge, with grow rates of 35 per cent ... Some Islamic scholars have banned insurance, saying it involves speculation and interest payment. The growth in takaful is ...
  2007-11-18 03:59:00

• Commonwealth Business Bank Reports Third Quarter Net Income of $483,000 (Business Wire via Yahoo! Finance)

  LOS ANGELES----Commonwealth Business Bank reported today net income of $483,000, or $0.15 per diluted share, for the quarter ended September 30, 2007, compared with $214,000, or $0.08 per diluted share, for the comparable period a year ago, and $191,000, or $0.06 per diluted share, for the previous quarter.
  2007-11-20 06:41:00

• INDICATORS - Lebanon - Updated Nov 20 (Reuters via Yahoo! Malaysia News)

  BEIRUT, Nov 20 - Below is a table of the latest Lebanese economic statistics.
  2007-11-20 12:59:02

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