Mortgage and Financial News From 2007-10-20 Page 4
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Should profit come before children?
Observer - ... the excellent performance of the Sedgemoor business since ECI's initial investment in 2000, an opportunity arose to refinance ... same time, there has been a shift towards 'postcode placements' - a push to place children within 20 miles of their home. ...
2007-10-20 03:10:00 -
Authorities Search For Armed Men Who Broke Into Home (WFTV 9 Orlando)
EDGEWATER, Fla. -- Authorities say they are searching for two armed men broke into a home near Edgewater, robbing and injuring the occupants. New Smyrna Beach investigators are looking into whether Thursday's robbery is linked to an earlier fatal robbery in a home.
2007-10-20 09:43:53 -
ALL BUSINESS: The credit crisis is far from over, just look at what ...
CNBC - Then Standard & Poor's made another sweeping downgrade of the credit ratings on mortgage-backed securities worth some $23.35 billion ... Subprime loans typically carry higher interest rates and were about the only way people with bad credit were able to ...
2007-10-19 09:42:00 -
UPDATE 2-Paulson says banks credit rescue fund market-driven
Reuters - The purpose of this...is not to buy bad assets or assets that have credit problems (but) for end-investors, working with the banks, to buy ... The investment pool is intended to acquire mortgage assets held by so-called Structured Investment Funds ...
2007-10-19 11:18:00 -
Some guaranteed winners after Titanic-like debut
San Francisco Gate - If you believe that, I have a 2 percent, locked-in, no credit check required, we pay the points mortgage deal for you. And I'm nice people, too. ... There is no such thing as bad publicity, as Irish author Brendan Behan once said. Behan's full quote ...
2007-10-20 04:21:00 -
U.S.Treasury says bank superfund will broaden
Reuters - WASHINGTON (Reuters) - More participants will join a credit rescue plan that three ... structured investment vehicles, or SIVs, avoid being forced into dumping mortgage ... available to investors and not to bail out bad assets. © Reuters 2007. All ...
2007-10-20 01:51:00 -
Superfund: banks in debt rescue bid
Observer - The clock is ticking again on the credit markets: a group of the world's most ... couple of former Citigroup bankers looking to create a more stable market in mortgage ... Greenspan, the former Federal Reserve chairman, thinks the superfund is a bad ...
2007-10-20 03:10:00 -
U.A.W. R.I.P.?
CBS News - ... pressure on earnings, as the Big Three demand concessions to remain competitive on labor costs, while the UAW mortgages what ... of watching plants close down and jobs move overseas, the UAW finds itself beset by a process of globalization-in-reverse ...
2007-10-20 08:43:00 -
Worried homeowners pack Oakland foreclosure workshop
San Francisco Gate - ... people nationwide face the prospect of their mortgages resetting higher in the next couple of years. "There has been a lot of terrible lending," said Kevin Stein, associate director of the California Reinvestment Coalition. Stein said "reverse red ...
2007-10-20 05:04:00 -
Worried homeowners pack Oakland foreclosure workshop (San Francisco Chronicle)
More than 150 distressed homeowners and community activists packed into the Oakland City Council chambers this morning for a free workshop on preventing foreclosure. "Foreclosure is not only a crisis today, it is likely to get worse in the next eight to 12...
2007-10-20 05:10:33 -
Treasury 2-Year Notes Head for Best Week Since 2005 on Fed View
Bloomberg - Rising credit costs and losses on subprime mortgages cut profit at the two biggest U.S. banks in the third quarter. Bank of America Corp., the second-largest U.S. bank, yesterday said earnings fell 32 percent, while Citigroup Inc., the biggest, on ...
2007-10-19 06:21:00 -
SunTrust, Huntington, BB&T Miss Profit Estimates (Update2)
Bloomberg - SunTrust reported more nonperforming construction loans and said an increase in bad residential loans was driven by the declining credit quality of Alt-A mortgages, which are given to people who don't document their income or borrow for second homes ...
2007-10-18 01:10:00 -
Mirasol panel's 1st buyback raises stir
San Antonio Express News - Not all Mirasol homeowners received second mortgages. Residents' representative Stephanie Battle also challenged Perez's buyback, saying too many residents had suffered and lost too much to accept so little. "We're not ...
2007-10-17 05:58:00 -
Wall Street Remains Bullish Despite Data
Newsday - The debt markets -- roiled after defaults in subprime mortgages triggered a global aversion to risk -- have remained mostly ... index analyst, still expects next year will see the return of the double-digit profit growth that ended in the second ...
2007-10-20 11:57:00 -
MoneyGram is unlikely subprime mortgage casualty
Minneapolis Star Tribune - ... MoneyGram's woes are particularly unsettling, say analysts, because the company had no obvious reason for investing in subprime mortgages. MoneyGram's money transfer transactions grew 41 percent in 2006, cementing its position as the world's second ...
2007-10-17 05:58:00