Mortgage and Financial News From 2008-1-11 Page 69
Previous Day: 2008-01-10
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Bond funds offer wary investors shelter (El Paso Times)
NEW YORK—The stock market's performance in recent months has no doubt left some investors uttering four-letter words—one of which might be "bond."
2008-01-11 03:53:36 -
LBO Firms Reduce Investment Banking Fees as Takeovers Dry Up
Bloomberg - Buyout firms paid $5.4 billion to securities firms in the U.S. and Europe in the second half of 2007, 38 percent less than ... demand for loans the LBO firms rely on to fund their deals dried up in August as the collapse of U.S. subprime mortgages ...
2008-01-11 03:56:00 -
Bank of America to Acquire Countrywide for $4 Billion (Update1)
Bloomberg - Hopefully they can get it right the second time around.'' Countrywide, the largest independent U.S. mortgage company, gives Bank of America about 9 million borrowers and fees from servicing $1.5 trillion of mortgages. Countrywide's market ...
2008-01-11 04:17:00 -
Japan Giving Mixed Signals on Economy
Chicago Tribune - But both said that downside risks were growing for Japan, the world's second-largest economy, amid soaring oil prices ... was widely expected to raise rates further, but held off to monitor the economy as problems from defaults on risky mortgages ...
2008-01-11 03:42:00 -
Mortgage rates drop below 6%
Greenville News - Average rates on 30-year mortgages have dropped below the 6 percent mark for just the second time in more than two years, Freddie Mac said Thursday. The mortgage company said the benchmark 30-year fixed-rate mortgage averaged 5.87 percent for the ...
2008-01-10 10:41:00 -
Housing's down note
Baltimore Sun - The local housing market ended its second full year of the downturn in a worsening slump, with year-over-year sales in ... With large numbers of unsold homes competing for attention and mortgages harder to come by, economists warn that 2008 could be ...
2008-01-11 04:03:00 -
Asset-backed paper expands for second week
Financial Times - US asset-backed commercial paper has expanded for the second week running, according to the Federal Reserve. Paper backed by mortgages and other assets rose $4.8bn to a seasonally adjusted $779bn last week, after a rise of $26.3bn the previous week ...
2008-01-10 12:04:00 -
For distressed homeowners, no easy way to avoid foreclosure
Modesto Bee - It also is bringing to light impediments to quick resolutions that might surprise some borrowers, such as the presence of home equity lines or second mortgages on the property. People with popular "piggyback" combinations of first and second ...
2008-01-11 03:42:00 -
Bovis Homes adds more housing market gloom - Times Online
Bovis Homes adds more housing market gloomTimes Online, UK - 3 hours ago... UK housing market has slowed: both in terms of the lower rate of house price growth, and in terms of the reduced number of new mortgages being issued. ...
2008-01-11 01:05:10 -
Cash for the Rock and all options open - FT Alphaville
Cash for the Rock and all options openFT Alphaville, UK - 3 hours agoOn Friday Northern Rock announced it had agreed to sell its portfolio of “Lifetime home equity release” mortgages to JPMorgan for about £2.25bn. ...
2008-01-11 01:12:38 -
Bovis Homes sees FY pretax profit 'broadly' in - Hemscott
Bovis Homes sees FY pretax profit 'broadly' inHemscott, UK - 3 hours agoLONDON (Thomson Financial) - Bovis Homes Group PLC said the slowdown in activity during the second half of 2007 led to a drop in completions and forward ...
2008-01-11 01:23:00 -
Business briefs - Chicago Sun-Times
Business briefsChicago Sun-Times, United States - 2 hours agoRising worries about a weak economy pushed rates on 30-year mortgages below the 6 percent mark for only the second time in more than two years. ...
2008-01-11 02:01:49 -
LAS VEGAS STOP: Clinton pitch hits home - Las Vegas Review - Journal
LAS VEGAS STOP: Clinton pitch hits homeLas Vegas Review - Journal, NV - 2 hours agoClinton said unscrupulous lending leads to bad mortgages, which lead to foreclosures, which lead to people with nowhere to go and vacant neighborhoods that ...
2008-01-11 02:10:39 -
Why Google, Yahoo and Microsoft should worry about Countrywide’s ... - ZDNet
Why Google, Yahoo and Microsoft should worry about Countrywide’s ...ZDNet - 1 hour agoIf the deal closes the second largest Web advertiser will disappear and it’s highly unlikely that the spendthrift Bank of America will spend so lavishly on ...
2008-01-11 02:52:25 -
Rates on 30-year mortgages drop below 6% - San Diego Union Tribune
Rates on 30-year mortgages drop below 6%San Diego Union Tribune, United States - 1 hour agoRates on 30-year mortgages fell below the 6 percent mark for only the second time in more than two years, Freddie Mac reported in its weekly nationwide ...
2008-01-11 02:58:45
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