Mortgage and Financial News From 2007-8-18 Page 13
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Mortgage inquiry won't hurt credit score (Bankrate.com via Yahoo! Finance)
Multiple inquiries need to be made in a relatively short period of time, says Dr. Don.
2007-08-15 10:00:00 -
Why the market’s going nuts (Budapest Business Journal)
Panic spreads: Mortgage problems infect Wall Street and stocks around the world.
2007-08-17 07:57:51 -
Expert: George Saenz, CPA (Bankrate.com)
Dear Tax Talk: We purchased a house on a large parcel 13 years ago. We have just completed a "lot split," dividing the property approximately in half. We wish to sell the lot with no dwelling on it and pay off most of our mortgage on the other half. Would we have to pay capital gains tax?
2007-08-17 11:33:06 -
Most Affordable U.S. Real Estate Markets (Forbes)
It's easiest to own a home in these 10 cities, where property is within reach of most of the population.
2007-08-18 10:14:54 -
Annaly Plans IPO of Mortgage Investor (AP via Yahoo! Finance)
Asset manager Annaly Capital Management Inc. said Friday that it plans an initial public offering of Chimera Investment Corp., a newly formed specialty finance company that will invest in mortgages.
2007-08-17 12:58:34 -
WHY THE MARKET'S GOING NUTS / PANIC SPREADS: Mortgage problems infect Wall Street and stocks around the world (San Francisco Chronicle)
The great mortgage crisis of the summer of 2007 has slopped over into nearly every nook and cranny of the financial markets, laying low stocks that until a month ago had been on a great bull run. Even such Bay Area technology stalwarts as Apple have taken it...
2007-08-17 07:53:00 -
More mortgage fallout: ResCap debt cut to junk
Minneapolis Star Tribune - Two of the country's top credit-rating agencies cut Residential Capital's debt to junk status Thursday as worries over bad subprime loans continued to send shivers throughout the markets. Moody's Investors Service reduced the senior debt of ...
2007-08-16 12:54:00 -
Dodd renews call for expanded Fannie, Freddie mortgage investment caps
Forbes - ... Freddie Mac expand their holdings of mortgage-backed securities in order to inject liquidity into the credit-starved mortgage market ... that would make it clear that the Fed needs to regulate the non-depository lenders that made many of the bad loans. ...
2007-08-17 05:56:00 -
European, Asian markets fall overnight amid global credit jitters
Minneapolis Star Tribune - ... European and Asian stocks slid again today amid persistent fears about subprime mortgage lending ... Credit Suisse Chief Strategist Shinichi Ichikawa said any bad news ahead, such as a bank abroad faltering, could worsen the market jitters.
2007-08-17 11:33:00 -
FTSE slides 4 percent
Reuters - In the latest bad news on the credit front, Countrywide Financial Corp., the largest U.S. mortgage lender, said it is drawing down an entire $11.5 billion (5.8 billion pound) credit facility to bolster liquidity as a shortage of credit weighs on the ...
2007-08-16 07:24:00 -
Fed cut revives wilted market
Baltimore Sun - ... credit histories. The loans were bundled together and sold to investors as mortgage bonds. Now fears about huge defaults on subprime mortgages have spread to virtually all home loans and the securities based on them. It's not clear how many bad ... bad loans are held by investment banks and mortgage ...
2007-08-18 07:47:00 -
U.S. stocks follow overseas markets lower
USA Today - Investors' confidence, already diminished by months of bad news about mortgages and credit, took a further drubbing after Countrywide Financial, the nation's largest mortgage lender said it was forced to draw on an $11.5 billion credit line to fund ...
2007-08-16 04:10:00 -
Look Out. This Crunch Is Serious.
Washington Post - Some hedge funds have blown up, the country's second-largest mortgage lender has come ... run-up of debt in recent years, there's a good chance that today's credit crunch ... Banking failures and bad debts plagued the Japanese financial system throughout ...
2007-08-18 10:10:00 -
The Panic of 2007
FXStreet.com - End of the World or Muddle Through? This week I try to explain in simple terms the very complicated story of how we went from some bad mortgage loan practices in the US to the point of world credit markets freezing up. There is a connection between ...
2007-08-18 07:18:00 -
Asia-Pacific Corporate Bond Risk Falls on Canada Credit Accord
Bloomberg - Aug. 17 (Bloomberg) -- The risk of owning corporate bonds in the Asia-Pacific region fell after a group of banks eased a credit crunch in the C$40 billion ($37 billion) Canadian short- term debt market. Credit-default swaps based on Australian bonds ...
2007-08-16 12:54:00