Mortgage and Financial News From 2007-11-20 Page 7

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  • US indices hit reverse on Freddie Mac gloom (FT.com via Yahoo! News)

    Wall Street endured another volatile session on Tuesday after a large loss at Freddie Mac, the mortgage agency, reinforced worries about credit-losses in the financial sector.
    2007-11-20 01:45:17

  • Credit Still Crunching (Forbes)

    Write-downs, shareholder lawsuits, and potential bankruptcies are just some of the credit-crunch effects weighing on Wall Street Tuesday.
    2007-11-20 01:06:04

  • Mortgage Holdings Bite Freddie (Forbes)

    Home loan investor posts huge third-quarter loss because of the troubled mortgage market.
    2007-11-20 07:06:04

  • Freddie Mac’s $4.8bn loss deals fresh blow to US housing market (Times Online Sunday)

    The credit squeeze will tighten significantly after Freddie Mac, America’s second-biggest provider of mortgage financing, announced its largest quarterly loss on the back of $4.8 billion (£2.33 billion) of bad debts and writedowns in the third quarter.
    2007-11-20 02:40:12

  • AllianceBernstein National Municipal Income Fund Releases Monthly ...

    MSN MoneyCentral - ... Higher Education 3.67% Transportation 3.65% Housing-Mortgages ... the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse ...
    2007-11-20 01:04:00

  • Major Asian Markets Recover From Swoon

    Philadelphia Inquirer - ... trading has been extremely volatile in recent months amid persistent worries over defaults in risky, or subprime, mortgages in ... It's hard to reverse because of the negative sentiment that's prevailing." But other analysts said recent declines offered a ...
    2007-11-20 03:06:00

  • Resource to Help Care for Aging Parents Now Available Nationwide

    Forbes - Buying Guides help people understand difficult product categories like reverse mortgages and medical alert services, and what to look for in a vendor. -- Questions and Answers offer insights and advice on commonly asked ...
    2007-11-19 07:58:00

  • EverBank subsidiary makes name change

    Jacksonville Business Journal - LLC, which EverBank purchased in March from Bank of New York , is now known as EverBank Reverse Mortgage LLC. Since that transaction, the company has focused exclusively on reverse mortgages. EverBank CEO Rob Clements said the reverse mortgage industry ...
    2007-11-20 11:46:00

  • 10 Tips: Surviving ‘Black Friday’

    MSNBC - Have you heard about reverse mortgages and wondered how they work? Such loans can be a good alternative to selling your home or borrowing against your home if you need money. They’re not for everyone, though. Do you have tips to share about reverse ...
    2007-11-20 08:40:00

  • Major Asian markets recover after swoon (AP via Yahoo! News)

    Major Asian markets recovered from an early swoon Tuesday after a sharp drop on Wall Street overnight with investors in Japan leading an afternoon turnaround by snapping up stocks that had been battered in recent weeks.
    2007-11-20 02:30:16

  • Asian markets up after major fall (CNN.com)

    TOKYO, Japan (AP) -- Major Asian markets recovered from an early swoon Tuesday with investors in Japan leading an afternoon turnaround by snapping up stocks that had been battered in recent weeks.
    2007-11-20 06:07:51

  • Minutes and projections from Fed meeting (CNN Money)

    Following are the minutes from the Federal Reserve meeting, held Oct. 31.
    2007-11-20 12:26:21

  • BNY Mortgage Company Completes Transition, Becomes EverBank(R) Reverse Mortgage (PR Newswire via Yahoo! Finance)

    to-market product innovation signals growth
    2007-11-20 08:17:00

  • EverBank subsidiary makes name change (bizjournals.com via Yahoo! Finance)

    The reverse mortgage subsidiary of EverBank Financial Corp. has changed its name to align itself more closely with its parent company.
    2007-11-20 11:37:42

  • Single-Family Construction Falls

    Forbes - ... that has been occurring since financial markets were roiled this summer by rising defaults on subprime mortgages - loans offered to people with weak credit histories. Seiders predicted construction activity will start to rebound by the second half of ...
    2007-11-20 03:13:00

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