Mortgage and Financial News From 2007-9-24 Page 13
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Euro soars to record high against dollar (AFP via Yahoo! News)
The euro soared to a record 1.4130 dollars in early trading as the market remains convinced that the US Federal Reserve will be forced to make another cut in interest rates, traders said Monday.
2007-09-24 02:53:24 -
Don't blame the central bankers
Los Angeles Times - Home & Garden ... For it has not only been Northern Rock, the British mortgage lender, that has been menaced by a loss of customer confidence ...
2007-09-23 11:56:00 -
Nationstar halts U.S. loans
Reuters - ... based HSBC Holdings Plc (HSBA.L: Quote , Profile , Research ) said it will shut down its U.S. subprime lender, Decision One Mortgage ... publicly traded private equity firm and hedge fund, bought Dallas-based Nationstar last year from home ...
2007-09-24 10:54:00 -
Northern Rock's Hopes Of Finding Buyer Dim
Forbes - British mortgage lender Northern Rock took another battering on the stock market on Monday as it continues to struggle to find a ... Its natural home is as part of a much larger banking group," said James Hamilton, an analyst at Numis Securities. Even ...
2007-09-24 11:59:00 -
AP Business NewsBrief at 3:49 p.m. EDT
CNBC - ... for some Maryland homeowners, local and state officials said Monday, and they have demanded an explanation from the bankrupt mortgage lender and servicer. The Maryland Commissioner of Financial Regulation filed an inquiry with American Home Mortgage ...
2007-09-24 12:49:00 -
UPDATE 2-U.S. House bill would let courts alter mortgages
Reuters - Countrywide Financial Corp (CFC.N: Quote , Profile , Research ), which as the nation's No.1 mortgage lender has provided one in five home loans this year, on Monday said it has provided assistance on some 35,000 mortgages this year, including ...
2007-09-24 12:49:00 -
Lone Star Fund V extends $11.75 per share tender offer to acquire ...
CNBC - ... said Monday it has extended its tender offer to acquire all outstanding shares of common stock of Accredited Home ... Under a settlement reached Sept. 18, Lone Star agreed to acquire the subprime mortgage lender for $11.75 per share. That is down ...
2007-09-24 10:40:00 -
U.S. Leveraged Loan Risk Reaches Lowest in Almost Three Months
Bloomberg - The CDX North America Investment Grade Index Series 9, which started trading on Sept. 20 after shedding companies that had fallen below investment-grade including Minneapolis-based mortgage lender Residential Capital LLC, fell 1 basis point to 48.75 ...
2007-09-24 10:47:00 -
UPDATE 1-Countrywide sees modifying 25,000 mortgages in '07
Reuters - NEW YORK, Sept 24 (Reuters) - Countrywide Financial Corp (CFC.N: Quote , Profile , Research ), the largest U.S. mortgage lender, said on Monday it expects to modify terms on nearly 25,000 home loans this year to help people avoid foreclosures. The ...
2007-09-24 12:35:00 -
Countrywide sees modifying 25,000 mortgages in '07
Reuters - NEW YORK (Reuters) - Countrywide Financial Corp (CFC.N: Quote , Profile , Research ), the largest U.S. mortgage lender, said on Monday it has modified terms on more than 17,000 home loans, and expects to complete nearly 25,000 loan modifications in ...
2007-09-24 11:59:00 -
American Home Mortgage faces inquiry
Miami Herald - American Home Mortgage Investment Corp. bounced property tax checks for some Maryland homeowners, local and state officials said Monday, and they have demanded an explanation from the bankrupt mortgage lender and servicer. The Maryland Commissioner ...
2007-09-24 12:20:00 -
ICICI Bank, HDFC cut rates on select loans (Business Standard India)
Move aimed at stoking falling retail demand. Loans for home and car purchases are getting cheaper with the ICICI Bank, the country's largest retail lender, and Housing Development Finance Corporation (HDFC), a leading mortgage lender, announcing cuts in select lending rates.
2007-09-24 12:01:40 -
Metro-east home builders deal with overabundance of homes (Belleville News-Democrat)
Metro-east home builders are dealing with an overabundance of homes as mortgage defaults have hurt the market, but home inventories are even higher elsewhere.
2007-09-24 03:25:01 -
Customer Service (Brandon Sun)
NEW YORK - American Home Mortgage Investment Corp. bounced property tax cheques for some Maryland homeowners, local and state officials said Monday, and they have demanded an explanation from the bankrupt mortgage lender and servicer.
2007-09-24 12:45:30 -
Maryland wants to know why AHM tax checks bounced (Newsday)
American Home Mortgage Investment Corp. bounced property tax checks for some Maryland homeowners, local and state officials said Monday, and the state is demanding an explanation from the bankrupt mortgage lender and servicer.
2007-09-24 10:17:00
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