Mortgage and Financial News From 2007-11-9 Page 11

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  • JPMorgan Chase Held $40.6 Billion in Leveraged Loans (Update3) (Bloomberg.com)

    Nov. 9 (Bloomberg) -- JPMorgan Chase & Co., the third- largest U.S. bank, said it may write down more of its mortgage and debt holdings in the fourth quarter ``if market conditions worsen.''
    2007-11-09 02:54:57
  • Stocks cut down by mortgage woes (CNN Money)

    Stocks fell sharply Friday as mortgage woes riled Wall Street, adding to the steep losses of recent days.
    2007-11-09 01:11:20
  • A seasoned pro scoops up mortgage stocks (CNN Money)

    As mortgage insurance stocks have gone into freefall over the past month, speculation has been intense about whether a deep-pocketed investor would step in and start buying, in the belief that the stock prices had fallen too far.
    2007-11-09 01:41:10
  • Private mortgage insurers dragged down as delinquencies rise (WKBT La Crosse)

    MILWAUKEE (AP) - As the housing market crumbles, homeowners are worried about mortgage payments and sellers are worried about slumping prices. But the companies that insure their loans are worrying about surviving in the face of billions of dollars in claims.
    2007-11-09 11:17:12
  • Millions braced for biggest leap in the fixed mortgage rate (Daily Mail)

    Homeowners are facing the biggest jump in fixed-rate mortgage costs on record. Monthly payments agreed last month on two-year, £150,000 loans were nearly £200 higher than in 2005
    2007-11-09 02:15:14
  • As loans go bad, mortgage insurers worry (AP via Yahoo! News)

    As the housing market crumbles, homeowners are worried about mortgage payments and sellers are worried about slumping prices — but the companies that insure their loans are worrying about their very survival in the face of billions of dollars in claims.
    2007-11-09 03:31:01
  • A Failure to Lead

    Wall Street Journal - And Congress's approval rating has fallen to its lowest point in history. The ... Every income-tax payer will pay more as all tax rates rise. Families will pay $500 ... No action on the mortgage crisis. No immigration reform. No progress on renewing No ...
    2007-11-09 12:13:00
  • Business Minute: Stocks down again...Merck's huge settlement...Trade ...

    WDAM-TV - The Latest in House and Home House & Home Main Today's Mortgage Rates In the Know Movie ... The largest U.S. buyer and backer of home loans says credit losses and mortgage ... The Commerce Department reports the nation's trade deficit fell to the lowest ...
    2007-11-09 05:32:00
  • Treasuries Rise on Bets Subprime Losses to Prompt Fed Cuts

    Bloomberg - ... rose, pushing yields of the shortest-term securities to the lowest since August, on speculation losses tied to subprime mortgages will lead the Federal Reserve to cut interest rates ... Yields tumbled in August when concern over subprime mortgage losses ...
    2007-11-09 06:51:00
  • Credit Jitters, Weak Techs Weigh on Europe Stocks

    CNBC - European equities slid to their lowest close in seven weeks on Friday as investors ... yet revealed the full impact of the turmoil triggered by the U.S. subprime mortgage ... on Friday, on worries that the Federal Reserve could further lower interest rates ...
    2007-11-09 10:26:00
  • Bonds rally as credit gloom mushrooms

    Guardian Unlimited - ... the subprime debt fallout intensified after Fannie Mae, the biggest U.S. mortgage ... fueled expectations that the Federal Reserve would lower benchmark interest rates ... 49 percent late on Thursday. Early in the session, the yield dropped to its lowest ...
    2007-11-09 11:37:00
  • Gloom envelops world markets

    MSN MoneyCentral - ... to ratchet up bets that the US Federal Reserve would be forced to cut rates again ... The yield on the two-year Treasury note fell 3.41 per cent on Friday to its lowest ... turmoil was fuelled by mounting credit losses and accelerating fire sales of mortgage ...
    2007-11-09 02:08:00
  • Stock markets slide on mortgage backed security writedowns, economic ...

    Edmonton Sun - TORONTO - The latest in a series of writedowns on U.S. mortgage securities sent ... And I think it's obvious that Bernanke will have to lower rates again Dec. 11 ... to $2.6 billion in September, down from $4.1 billion in August to its lowest level ...
    2007-11-09 08:31:00
  • Shhh, Don't Share This News About Portland

    PLANetizen - According to my calculations, starting at $300k for a house with a standard fixed-rate, 30-year mortgage at 6% interest ... If you're a complete geek like me when it comes to this stuff, you might also calculate the differences in purchasing power ...
    2007-11-06 03:59:00
  • Interstate Hotels & Resorts Reports Third-Quarter 2007 Results ...

    CNBC - ... Total debt of $171.9 million, consisting of $114.4 million of senior debt and $57.5 million of non-recourse mortgage ... Limitations on the use of EBITDA, Adjusted EBITDA and Adjusted Net Income We calculate EBITDA, Adjusted EBITDA, Adjusted net ...
    2007-11-07 04:52:00