Mortgage and Financial News From 2008-2-11 Page 2

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  • Mirvac, JB Hi-Fi Shares Drop as Earnings Boom May End (Update1)

    Bloomberg - ... rates and the credit crunch, it's difficult for companies to come along and say they'll grow by 50 percent in the second ... property market may weaken have intensified amid the slump in U.S. housing demand after the collapse of subprime mortgages ...
    2008-02-11 10:32:00
  • The Twelve Steps to Financial Disaster

    FXStreet.com - The recession of 2008 will be more severe for several reasons: first, we have the biggest housing bust in US history with home prices likely to eventually fall 20 to 30%; second, because of a credit bubble that went beyond mortgages and because of ...
    2008-02-11 10:17:00
  • A triple-A screw up

    Marketwatch - Yes, this analysis from a company that's written down more than $20 billion, in part, because firms such as Moody's couldn't tell that jobless borrowers with second or third mortgages for overvalued homes might be an investment risk.
    2008-02-11 09:34:00
  • Farmer Bros. Reports Loss of $0.02 Per Share for Second Quarter of ...

    CNBC - FARM) today reported a net loss for its second fiscal quarter ended Dec. 31, 2007 of $0.2 million or $0.02 per share ... Although the Company has no direct exposure to sub-prime mortgages and made no substantial sales of its investments in the ...
    2008-02-11 12:59:00
  • New mortgage rescue goes beyond subprime

    Boston Globe - WASHINGTON— At-risk borrowers with all types of mortgages, not just high-cost subprime loans, could be eligible for help ... lenders, investors and nonprofit groups, said last week that it helped nearly 8 percent of subprime borrowers in the second ...
    2008-02-11 09:49:00
  • Credit Suisse Profit Falls After Writedowns at Investment Bank

    Bloomberg - Feb. 12 (Bloomberg) -- Credit Suisse Group, Switzerland's second-biggest bank, said fourth-quarter profit fell 72 percent ... By the end of that year, the company had originated about 40 percent fewer subprime mortgages than in 2005, Dougan has said ...
    2008-02-11 10:32:00
  • Judge warns indicted real estate dealer to stop in Fla.

    Pittsburgh Post-Gazette - Platts and his company, Easy Realty Solutions, of engaging in a widespread fraudulent conduct, including inflating home sales, using duplicate HUD-1 closing documents, selling real estate without a license and creating illegal second mortgages, as ...
    2008-02-11 09:06:00
  • Retail banking focus places RAKbank in the top league - Emirates Business 24/7

    Retail banking focus places RAKbank in the top leagueEmirates Business 24/7, United Arab Emirates - 2 hours agoSecond largest is mortgages with Dh2.5 billion portfolio and no bad debt. Why have you shifted focus to retail banking? Honeybill: When you look at the size ...
    2008-02-11 08:40:44
  • Buy Japan's 10-Year Bonds as Stocks Drop, Says Mizuho (Update2) - Bloomberg

    Buy Japan's 10-Year Bonds as Stocks Drop, Says Mizuho (Update2)Bloomberg - 1 hour agoThe G-7 estimated global banks will write down $400 billion because of losses related to US subprime mortgages. The Nikkei was little changed at 13064.89 ...
    2008-02-11 09:06:37
  • Americans Say Leaving Iraq is Best Economic Move - Angus Reid Global Monitor

    Americans Say Leaving Iraq is Best Economic MoveAngus Reid Global Monitor, Canada - 1 hour agoLast year, defaults on so-called subprime mortgages—credit given to high-risk borrowers—have caused volatility in domestic and financial markets and raised ...
    2008-02-11 09:12:29
  • Judge warns indicted real estate dealer to stop in Fla. - Pittsburgh Post Gazette

    Judge warns indicted real estate dealer to stop in Fla.Pittsburgh Post Gazette, PA - 1 hour ago... including inflating home sales, using duplicate HUD-1 closing documents, selling real estate without a license and creating illegal second mortgages, ...
    2008-02-11 09:22:42
  • Credit crunch hasn't hit rich in Nassau County, NY - USA Today

    Credit crunch hasn't hit rich in Nassau County, NYUSA Today - 1 hour agoThese areas are still seeing quite a few distressed sales from homeowners who owe more on their mortgages than their homes are worth, says Lydia Green, ...
    2008-02-11 09:31:49
  • Mirvac, JB Hi-Fi Shares Drop as Earnings Boom May End (Update1) - Bloomberg

    Mirvac, JB Hi-Fi Shares Drop as Earnings Boom May End (Update1)Bloomberg - 1 hour agoConcerns the local property market may weaken have intensified amid the slump in US housing demand after the collapse of subprime mortgages prompted banks ...
    2008-02-11 09:37:46
  • The past weekend's G7 meeting in Tokyo provided few clues on the ... - FXstreet.com The Foreign Exchange Market

    The past weekend's G7 meeting in Tokyo provided few clues on the ...FXstreet.com The Foreign Exchange Market, Spain - 1 hour agoThe BoE stated, however, that upside risks to inflation do still exist for Europe’s second largest economy. Expect the pound to remain under pressure as ...
    2008-02-11 09:50:41
  • Henry Hutton LLC Closes On I-55/Shelby Drive Land - Memphis Daily News

    Henry Hutton LLC Closes On I-55/Shelby Drive LandMemphis Daily News,  USA - 59 minutes agoSunTrust Mortgage Inc. is the lender on mortgages for six of the foreclosed properties, Residential Funding Corp. is the lender on three and Mortgage ...
    2008-02-11 10:00:41