Mortgage and Financial News From 2008-1-22 Page 7

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  • Bank of China denies report of subprime exposure

    Globe and Mail - Home   National British Columbia Prairies Ontario ... loss for 2007 because of holdings in U.S. mortgage-backed securities. The bank issued a statement Tuesday after two days of sharp declines in its share price in Hong Kong.
    2008-01-22 04:55:00

  • Profits Plunge at BofA, Wachovia

    Forbes - Despite those numbers - and a $4.1 billion bet in purchasing beleaguered mortgage lender Countrywide Financial Corp. - Lewis said ... Garrison Keillor: Misanthrope David A. Andelman Back home in Lake Wobegon, where the mood has turned somber. ...
    2008-01-22 01:44:00

  • Bank of America profit slide underlines mortgage market woes

    International Herald Tribune - For his part, Lewis sees no relief anytime soon from consumer woes from credit cards and home equity loans. "We think ... On Tuesday, Lewis also confirmed the bank's plan to acquire the assets of troubled mortgage lender Countrywide Financial. In ...
    2008-01-22 07:42:00

  • Credit crunch dulls shine of England's northeast

    MSN UK News - The bank established itself as the country's most aggressive home lender, reshaping the mortgage market. By blazing a new trail in financial services 280 miles from, London, it epitomised the breakthrough of a city whose 19th-century power in coal ...
    2008-01-22 09:58:00

  • Corinthian, Home Depot, Northstar: U.S. Equity Movers Final

    Bloomberg - Countrywide Financial Corp. (CFC US), the largest U.S. mortgage lender, increased 7.2 percent to $5.32. Homebuilders also rebounded. KB Home (KBH US) jumped 8.6 percent to $20.11. D.R. Horton Inc. (DHI US) climbed 6.3 percent to $12.90 ...
    2008-01-22 02:49:00

  • Government mess times 2 - Pittsburgh Tribune-Review

    Government mess times 2Pittsburgh Tribune-Review, PA - 1 hour agoBy Walter Williams A subprime lender is one who makes loans to borrowers who do not qualify for loans from mainstream lenders. ...
    2008-01-22 09:05:13

  • A foreclosure-free option - Boston Globe

    A foreclosure-free optionBoston Globe, United States - 1 hour agoA community land trust combines the best features of home ownership - control, predictability in mortgage costs, inheritability, and wealth creation - with ...
    2008-01-22 09:06:01

  • Home Rescue Fraud Is Targeted - Tampa Tribune

    Home Rescue Fraud Is TargetedTampa Tribune, FL - 1 hour agoShe said her company only helps homeowners work out repayment plans with lenders and does not buy or refinance homes. "I knew there had been complaints, ...
    2008-01-22 09:06:37

  • Fed to the rescue - Boston Herald

    Fed to the rescueBoston Herald, United States - 1 hour agoMortgage rates have been trending lower in recent weeks as recession fears grow. Because mortgages usually run for 30 years, lenders must factor future ...
    2008-01-22 09:09:24

  • Fed slashes federal funds rate to 3.5% - San Francisco Chronicle

    Fed slashes federal funds rate to 3.5%San Francisco Chronicle,  USA - 1 hour agoThat's because banks and other lenders have become ultracautious about making the loans the housing market needs to stabilize and the economy needs to keep ...
    2008-01-22 09:10:00

  • Be Mortgage Savvy in 2008 - CNW Telbec (Communiqués de presse)

    Be Mortgage Savvy in 2008CNW Telbec (Communiqués de presse), Canada - 1 hour agoFor most of us, our home is our biggest investment and many are reading the headlines wondering what, if anything, they should do with their mortgage. ...
    2008-01-22 09:13:41

  • Grade Four Student Uses Words To Build A Home - CNW Telbec (Communiqués de presse)

    Grade Four Student Uses Words To Build A HomeCNW Telbec (Communiqués de presse), Canada - 1 hour agoAdditional information about Genworth Financial Canada is available at www.genworth.ca or through mortgage lenders. About Genworth Financial: Genworth is a ...
    2008-01-22 09:14:50

  • Local lenders say rate cuts will help public - Danville Register and Bee

    Local lenders say rate cuts will help publicDanville Register and Bee, VA - 59 minutes agoCharles Barnett, manager of Allied Home Mortgage, said the consumer can already get good rates on home purchases, but that the rates influenced by the Fed’s ...
    2008-01-22 09:18:06

  • Lowered rates trickle down to consumers - Youngstown Vindicator

    Lowered rates trickle down to consumersYoungstown Vindicator, OH - 58 minutes agoThese people won’t be able to qualify for refinancing because lenders have tightened their credit standards, he said. Last week, nationwide mortgage rates ...
    2008-01-22 09:19:33

  • The Foreclosure Crisis: Not everyone is suited for homeownership - The Plain Dealer - cleveland.com

    The Foreclosure Crisis: Not everyone is suited for homeownershipThe Plain Dealer - cleveland.com, OH - 52 minutes agoShe said her fiance steered her to a local lender, who is no longer in business. That lender said he would give them a $48000 home-repair loan, ...
    2008-01-22 09:24:50

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