Mortgage and Financial News From 2007-8-18 Page 14
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Stocks Fall on Latest Credit Worries
Washington Post - Housing starts fell another 6 percent in June to the lowest level in a decade, as credit-rattled stock markets continued falling in the United States and around the world. As companies tied to the U.S. mortgage industry reported more bad news, the ...
2007-08-16 02:09:00 -
Credit crisis like bad sausage
Detroit News - Not him; the business-credit thingy. A . Oh, sure. First, anything bad for business can be bad for the stock market. Second, if banks and big investors -- such as hedge funds -- can't buy and sell these mortgage-backed bonds to raise cash, they get ...
2007-08-17 09:38:00 -
Up to 5 Free Quotes with 1 Form Refi or Home Equity. Bad Credit Ok.
Colleyville Courier - Mortgage rates have dropped again. Refinance rates at 40-year lows. Calculate your new payment. Save $1000s. Compare up to four free mortgage quotes by completing an easy online form. Competitive rates from leading mortgage companies. No obligation ...
2007-08-16 03:56:00 -
Stock markets fall again as fears of a credit squeeze persist
Guardian Unlimited - The investor panic has gained momentum since problems first appeared in the segment of the US mortgage market aimed at people with poor credit histories, the sub-prime sector. Losses on so-called piggy-back loans - second mortgages to fill in where ...
2007-08-15 12:55:00 -
Jondi Gumz, Reporter at Large: Mortgage world must return to common ...
Santa Cruz Sentinel - ... Rick Campbell of Wells Fargo, and Sue Bullock of Santa Cruz Mortgage: Go back to basics. You'll need income, credit and ... Mortgage loan officer Tina Dando insisted B of A hasn't done bad loans. Veterans are eligible for up to $521,250 at rates of 5.25 ...
2007-08-18 11:50:00 -
Wall Street extends retreat as mortgage, credit concerns remain, DJ ...
MSN UK News - Investors' confidence, already diminished by months of bad news about mortgages and credit, took a further drubbing after Countrywide, the nation's largest mortgage lender, said it was forced to draw on an US$11.5 billion (euro8.58 billion) credit ...
2007-08-16 04:39:00 -
Wall Street extends retreat as mortgage, credit concerns remain ...
CNBC - Investors' confidence, already diminished by months of bad news about mortgages and credit, took a further pummeling after Countrywide, the nation's largest mortgage lender, said it was forced to draw on an $11.5 billion credit line to fund operations
2007-08-16 04:46:00 -
Mortgage upheaval could ding online advertising
ZDNet.be Blogs - The mortgage industry is in a shambles as the credit market unravels amid bad subprime mortgages. That’s part of the reason why the stock market has been plunging of late. What does that development have to do with online advertising? Potentially a ...
2007-08-16 03:27:00 -
Stocks Slide on Credit Fears
BusinessWeek - Bad news from Countrywide Financial ( CFC ) kept investors in a selling mood Thursday morning as worries worsened about credit markets, mortgage lenders, and even the broader economy. On Thursday, the Dow Jones industrial average dropped 126 points ...
2007-08-16 05:00:00 -
Credit (Only) Where Credit Is Due
Wall Street Journal - So who's in trouble if they need to get a mortgage? Borrowers with bad credit will find it extremely difficult to get a loan right now, says Fritz Elmendorf, spokesman for the Consumer Bankers Association. "Unless you're looking for a conventional ...
2007-08-18 01:49:00 -
Dodd renews call for expanded Fannie, Freddie mortgage investment caps (Sharewatch)
WASHINGTON (Thomson Financial) - The Bush administration needs to let Fannie Mae and Freddie Mac expand their holdings of mortgage-backed securities in order to inject liquidity into the credit-starved mortgage market, according to Senate Banking Committee Chairman Christopher Dodd of Connecticut.
2007-08-17 04:55:31 -
Wall Street extends retreat as mortgage, credit concerns remain (The Globe Gazette)
NEW YORK (AP) — Wall Street plunged again Thursday, extending an almost relentless downward spiral after problems at Countrywide Financial Corp. confirmed investors’ fears that credit problems are spreading. The market shrugged off the Federal Reserve’s injection of $17 billion into the banking system, and the Dow Jones industrial average fell more than 120 points.
2007-08-17 05:16:41 -
Mortgage crunch has even wealthy buyers scrambling for credit (San Francisco Chronicle)
Mortgage woes have moved upstream, landing even in tony neighborhoods. The credit crunch now is hitting home buyers from all walks of life, not just subprime borrowers with poor credit. That in turn could mean fewer buyers - and lower prices. For instance, a...
2007-08-15 07:57:16 -
Credit crisis like bad sausage (Detroit News)
It's been a wild week in finance, leaving readers with questions, lots of questions. So it's time for an installment of "Ask Mr. Money & Life."
2007-08-18 06:12:52 -
Mortgage crunch has even wealthy buyers scrambling for credit (Muzi)
Mortgage woes have moved upstream, landing even in tony neighborhoods. Muzi.com News 10048370-0 (muzi.com) The credit crunch now is hitting home buyers from all walks of life, not just subprime borrowers with poor credit. That in turn could mean fewer buyers - and lower prices.
2007-08-16 05:41:22