Mortgage and Financial News From 2008-1-18 Page 37

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  • Washington Mutual Advances on Takeover Speculation (Update1)

    Bloomberg - Washington Mutual yesterday reported its first quarterly loss since 1997 after writing down the value of its home mortgage unit and setting aside $1.5 billion to cover bad loans. The lender reported a loss in the fourth quarter of $1.87 billion, or ...
    2008-01-18 11:33:00

  • Clarification: Countrywide Loan Story

    Forbes - ... mortgage payments in 2007, The Associated Press reported that 1,000 customers lost their homes through short sales, when a home is sold for less than the amount owed on the mortgage, and another 178 agreed to deed their property back to the lender ...
    2008-01-18 12:02:00

  • IBM Shares Rise After Profit Forecast Beats Estimates (Update2)

    Bloomberg - ... five services contracts in Asia Pacific, including a deal with PT Bank Negara Indonesia, the country's fifth-largest lender ... U.S. financial-services companies, suffering from subprime mortgage losses, are cutting technology budgets. Last month ...
    2008-01-18 06:54:00

  • Kaufmann Fund Sees India as Future for Top Returns (Update1)

    Bloomberg - They have 15 percent of the $11.5 billion mutual fund invested in Indian companies, including mortgage lender Housing Development Finance Corp. and wireless operator Bharti Airtel Ltd. That compares with a 1 percent allocation in Asia's emerging ...
    2008-01-18 08:27:00

  • Aroma makes scents at Davos - New Zealand Herald

    Aroma makes scents at DavosNew Zealand Herald, New Zealand - 2 hours ago"Travelling at great cost to the Swiss Alps to sniff perfume isn't going to play well back home. The last thing any CEO needs in this economic environment ...
    2008-01-18 10:02:10

  • HDFC’s Q3 net rises 56% on robust loan growth - Livemint

    HDFC’s Q3 net rises 56% on robust loan growthLivemint, India - 2 hours agoThe mortgage lender’s gross non-performing loans fell to 1.12% of the loan portfolio, as against 1.26% in the year-ago quarter. Demand for homes remained ...
    2008-01-18 10:05:47

  • Fitch Releases US State Housing Finance Agencies 2007 - Ad-Hoc-News (Pressemitteilung)

    Fitch Releases US State Housing Finance Agencies 2007Ad-Hoc-News (Pressemitteilung), Germany - 2 hours ago... reflect an environment in which the SHFAs saw continued strong demand for their mortgage product as competition from other mortgage lenders declined. ...
    2008-01-18 10:21:22

  • Reverse Mortgage Company now Offers Alternatives to Lower Home ... - PR-USA.net (press release)

    Reverse Mortgage Company now Offers Alternatives to Lower Home ...PR-USA.net (press release), Bulgaria - 1 hour agoAs more seniors are starting to look for loans to make ends meet in their home, many of them are going straight to lenders for a reverse mortgage. ...
    2008-01-18 10:35:11

  • Attorney General's Office Addresses Predatory Lending Practices - WHO-TV

    Attorney General's Office Addresses Predatory Lending PracticesWHO-TV, IA - 1 hour agoThe company did little to help him, and he lost his home anyway. At 2:30, AG Tom Miller is unveiling proposed measures to avoid predatory lenders.
    2008-01-18 10:47:31

  • When the Big Boys Get in Trouble, Who Pays the Ultimate Bill? - CounterPunch

    When the Big Boys Get in Trouble, Who Pays the Ultimate Bill?CounterPunch, CA - 1 hour agoHuge mortgage lenders are teetering on bankruptcy, looking desperately to be taken over by other financial companies. Foreign banks and municipalities ...
    2008-01-18 10:53:07

  • In Danger Of Losing Your Home? Get Help! - CBS 2

    In Danger Of Losing Your Home? Get Help!CBS 2, CA - 1 hour agoLOS ANGELES (CBS) ― Angelenos in jeopardy of losing their homes because they cannot make their monthly mortgage payments were urged Friday to contact a ...
    2008-01-18 11:06:37

  • Congressional Hearing on What Should Congress Do to Avoid a Recession - Heritage.org

    Congressional Hearing on What Should Congress Do to Avoid a RecessionHeritage.org, DC - 1 hour agoSome lenders did not follow traditional underwriting practices that have been crafted to assure that borrowers have enough income to service their mortgages ...
    2008-01-18 11:22:01

  • IndyMac Slips on Downgrade, Investment - Los Angeles Business Journal (subscription)

    IndyMac Slips on Downgrade, InvestmentLos Angeles Business Journal (subscription), CA - 49 minutes agoThe credit service said the downgrade was due to the Pasadena-based mortgage lender's struggling business and the declining value of its portfolio of home ...
    2008-01-18 11:39:58

  • Clowning Achievements - Gold Seek

    Clowning AchievementsGold Seek - 37 minutes agoNow there is $14.7 billion of home equity line credit said to be delinquent. Bad home equity loans are up 130% at some lenders, from '06 to '07. ...
    2008-01-18 11:51:10

  • Question and answer column from Commissioner Oxendine - BladePlus

    Question and answer column from Commissioner OxendineBladePlus, GA - 29 minutes agoTitle insurance can help provide the home buyer and/or the mortgage lender necessary protection against losses resulting from unknown defects in the title ...
    2008-01-18 11:59:57

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