Mortgage and Financial News From 2008-1-8 Page 41

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  • Countrywide's debt protection costs surge

    Boston Globe - NEW YORK (Reuters) - Countrywide Financial Corp.'s debt protection costs jumped on Tuesday amid rumors about more financial problems at the largest U.S. mortgage lender. Credit default swaps on Countrywide's home loan unit, Countrywide Home ...
    2008-01-08 09:36:00
  • KB Home Reports Fourth-Quarter Loss on Property Writedowns

    Bloomberg - Home Sales Low interest rates, a variety of new mortgage products and investor interest in real estate fed a U.S. property boom in the U.S. that peaked in 2005. Now, an oversupply of houses and rise in foreclosures among consumer with ...
    2008-01-08 05:18:00
  • Bush acknowledges challenges to U.S. economy

    International Herald Tribune - CHICAGO : President George W. Bush, in a marked shift from his usual upbeat economic assessments, conceded here on Monday that the nation faces "economic challenges" due to rising oil prices, the home mortgage crisis and a weakening job market. "We ...
    2008-01-08 12:53:00
  • Stocks up after report indicates drop in pending home sales ...

    CNBC - NEW YORK - Wall Street gave up early gains Tuesday as investors still hoping for an interest rate nonetheless struggled with the ongoing fallout from the mortgage and credit crisis. The National Association of Realtors said Tuesday its index tracking ...
    2008-01-08 08:46:00
  • Whitman, Zucaro Sweat Out Drop by Mortgage Insurers (Update2)

    Bloomberg - MGIC is the largest U.S. mortgage insurer, covering $173 billion of home loans, followed by PMI with $152 billion and Radian with $114 billion, according to 2006 data from trade publication Inside Mortgage Finance. Zucaro and Whitman ...
    2008-01-08 09:36:00
  • Co-defendant pleads guilty in mortgage fraud scheme - Bizjournals.com

    Co-defendant pleads guilty in mortgage fraud schemeBizjournals.com, NC - 36 minutes agoMiller, former head of Miller Enterprises and Star Land Development, once ran one of the leading Kansas City-area home builders in 1999 and 2000, ...
    2008-01-08 09:24:07
  • Living in hope - ESPN

    Living in hopeESPN - 34 minutes agoHis home town club were plunged into administration in November - for the third time in nine years. As a result they were deducted ten points and thus found ...
    2008-01-08 09:26:05
  • European govt bonds track Treasuries lower after US data - Forbes

    European govt bonds track Treasuries lower after US dataForbes, NY - 34 minutes agoFigures from the country's biggest mortgage lender showed house prices in December unexpectedly rose by 1.3 pct from November, following three monthly ...
    2008-01-08 09:26:06
  • National City's long-term ratings on review for possible downgrade ... - Forbes

    National City's long-term ratings on review for possible downgrade ...Forbes, NY - 33 minutes ago'National City has a large second-lien-home-equity exposure and a sizable exposure to residential development and land loans,' Moody's said. ...
    2008-01-08 09:26:41
  • Lender Lead Solutions Introduces Fixed Rate HECM Reverse Mortgage - Business Wire (press release)

    Lender Lead Solutions Introduces Fixed Rate HECM Reverse MortgageBusiness Wire (press release), CA - 33 minutes agoLender Lead Solutions is a division of World Alliance Financial Corp., a member of the KBC Group, and the premier reverse mortgage services company in the ...
    2008-01-08 09:27:12
  • Paulson: Economy faces headwinds but growing - Reuters

    Paulson: Economy faces headwinds but growingReuters - 31 minutes agoHe said a plan to offer mortgage relief to less credit-worthy Americans might be broadened because there was no sign that a slump in home building and ...
    2008-01-08 09:28:35
  • Countrywide Loses Most Since 1987 on Bankruptcy Bets (Update1) - Bloomberg

    Countrywide Loses Most Since 1987 on Bankruptcy Bets (Update1)Bloomberg - 29 minutes ago8 (Bloomberg) -- Countrywide Financial Corp. dropped the most in two decades on the New York Stock Exchange amid speculation the largest US mortgage lender ...
    2008-01-08 09:30:37
  • Shares of Countrywide Plummet - Houston Chronicle

    Shares of Countrywide PlummetHouston Chronicle, United States - 25 minutes ago2008 AP NEW YORK — Shares of Countrywide Financial Corp. plummeted Tuesday after a New York Times report said the mortgage lender fabricated bankruptcy ...
    2008-01-08 09:34:23
  • DJ MARKET COMMENT: European Stocks Close Up On Drug, Telecoms - Onet.pl

    DJ MARKET COMMENT: European Stocks Close Up On Drug, TelecomsOnet.pl, Poland - 25 minutes ago"A significantly restricted UK mortgage market and weakening consumer confidence should lead to a continuation of the poor trading conditions experienced by ...
    2008-01-08 09:35:11
  • Tuesday's Options Report: CFC, Starbucks, ISIS, CVS, BUD, DFS - Seeking Alpha

    Tuesday's Options Report: CFC, Starbucks, ISIS, CVS, BUD, DFSSeeking Alpha, NY - 23 minutes ago(CFC) – Embattled mortgage lender Countrywide made headlines this morning after it emerged in a Pennsylvania courtroom that the company had apparently ...
    2008-01-08 09:37:18