Mortgage and Financial News From 2007-9-24 Page 9

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  • Earnings Preview: Lennar Corp.

    MSN MoneyCentral - The reason, many analysts say, is that mortgage lenders have tightened their standards, further crimping demand that was already weak. Investors have typically sold out of homebuilder stocks on negative industry data. That is likely to happen again. ...
    2007-09-24 10:40:00
  • Sub-Prime Loans and CDOs Have Helped Create the Perfect Storm

    Wall Street and Technology - You know things are getting bad when the Fed orders mortgage lenders to renegotiate loan payments with homeowners who are at risk of defaulting on their loans. OK, it wasn't a direct order -- the Fed "strongly urged" banks to keep people in their ...
    2007-09-24 04:09:00
  • Sector roundup: Chip stocks, airlines

    Boston Globe - NEW YORK (AP) -- Shares of mortgage lenders were mixed Monday as the market tried to digest last week's interest-rate cut and Wall Street's earnings reports. NEW YORK (AP) -- Shares of casino operators with properties in China's coastal resort of ...
    2007-09-24 12:06:00
  • TowerGroup: Subprime Lending Meltdown Fuels Risk and Opportunity for ...

    Forbes - Mortgage lenders are likely to bend to public and government pressure to be more flexible when making repayment arrangements with mortgage customers to prevent foreclosure. While the subprime mortgage credit collapse has tightened credit availability ...
    2007-09-24 09:00:00
  • Post Office to sell mortgages in North East heartland of battered bank

    Times Online - The move comes as dozens of main-stream mortgage lenders are scaling back lending to reduce risk in the wake of the global credit crunch. The Post Office, which claims to be the UK’s fastest-growing financial services provider with more than one ...
    2007-09-24 12:49:00
  • WRAPUP 1-Fannie Mae, Freddie Mac eye preferred stock issues

    Reuters - Some of the biggest mortgage lenders, including Countrywide Financial Corp (CFC.N: Quote , Profile , Research ), IndyMac Bancorp Inc (IMB.N: Quote , Profile , Research ) and National City Corp (NCC.N: Quote , Profile , Research ), have said they would only ...
    2007-09-24 03:41:00
  • Mattel Apologizes to China Over Toy Recall

    NPR News - ... September 24, 2007 · Economist Julianne Malveaux talks about the week in economics, including Mattel's apology to China for a recent toy recall, HSBC Bank's announcement that they will stop doing business with sub-prime mortgage lenders, and the ...
    2007-09-24 10:19:00
  • Kenya: Court Victories Worry Big Lenders (AllAfrica.com)

    After years of arbitrarily altering contractual interest rates on loans and imposing penalties on defaulters - customary practices now argued to be illegal - banks and mortgage companies are having to deal with a growing legal backlash.
    2007-09-24 02:48:44
  • 2 Plead Guilty To $17.7 Million In Mortgage Fraud (WJXT News4Jax.com via Yahoo! News)

    Two men accused of obtaining about $17.7 million in fraudulent mortgage loans have pleaded guilty to federal charges of conspiracy to commit wire and bank fraud, according to the U.S. Attorney's Office.
    2007-09-24 02:27:06
  • London open: Mortgage banks down again (ShareCast via Yahoo! UK & Ireland Finance)

    London has made a cautious start with mortgage lenders again under pressure on reports over the weekend that there are no buyers for Northern Rock.
    2007-09-24 01:05:04
  • TREASURIES-Bonds slip on higher stocks in choppy trade

    Reuters - NEW YORK, Sept 24 (Reuters) - U.S. Treasury debt prices slipped on Monday as the stock market firmed, suggesting investors were slightly more inclined toward risk after the Federal Reserve's interest rate cut last week. Treasuries briefly rose from ...
    2007-09-24 12:06:00
  • Asian stocks hit record high

    Financial Times - Asian stocks climbed to a record high on Thursday, extending gains after Tuesday’s big US interest rate, while the dollar sank to an all-time low versus the euro ahead of testimony from the US Federal Reserve chief. US crude and gold retreated from ...
    2007-09-24 12:06:00
  • Stocks Open Higher As Investors Bet On More Rate Cuts

    CNBC - Stocks opened higher as investors speculated that the Federal Reserve would cut interest rates further to forestall the effect of the housing downturn on the economy. European stocks got off to a mixed start for the week, as the impact of the global ...
    2007-09-24 06:29:00
  • Argentine stocks up on high oil prices, bonds slip

    Reuters - Federal Reserve's interest rate cut last week gave way to inflationary concerns. The benchmark MerVal index rose 1.1 percent to close at 2,145.23 points. Also influencing the stock market were persistent rumors that Arcelor Mittal (ISPA.AS: ...
    2007-09-24 02:15:00
  • Powerwave Technologies Completes Private Placement of $150 Million of ...

    Forbes - Powerwave Technologies, Inc. (NASDAQ:PWAV) today announced it closed a private placement of $150 million aggregate principal amount of convertible subordinated notes due September 2027, with a 3.875% interest rate. The notes are convertible into ...
    2007-09-24 01:03:00