Mortgage and Financial News From 2007-11-9 Page 17
Previous Day: 2007-11-08
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European Stocks Decline, Led by Nokia, Syngenta, RBS, Barclays
Bloomberg - Nov. 9 (Bloomberg) -- European stocks fell the most in two months on concern a weaker dollar will curb profits for technology and chemical companies and more banks will report losses related to subprime mortgage defaults in the U.S. Nokia Oyj ...
2007-11-09 09:14:00 -
CIBC to take $463 million writedown on subprime mortgage bonds and ...
CNBC - Banks worldwide have been beset by the weakening subprime mortgage market in the U.S., with companies taking more than $40 billion in writedowns in the third quarter alone. Earlier Friday, Wachovia Corp. said it would take a $1.1 billion writedown ...
2007-11-09 05:32:00 -
Asset managers lose ground amid broader market woes
Boston Globe - BOSTON (Reuters) - Money managers' stock prices fell on Friday morning as investors worried about how these companies might be affected by mortgage securities-related losses that have hurt many banks shares in recent days. State Street Corp.
2007-11-09 08:24:00 -
European Stocks Decline, Led by Nokia, Syngenta, RBS, Barclays (Bloomberg.com)
Nov. 9 (Bloomberg) -- European stocks fell the most in two months on concern a weaker dollar will curb profits for technology and chemical companies and more banks will report losses related to subprime mortgage defaults in the U.S.
2007-11-09 09:29:01 -
Strickland to issue subpoenas to some mortgage lenders (CentralOhio.com)
COLUMBUS - Ohio's governor and attorney general said Thursday they would issue subpoenas and take other aggressive measures against subprime mortgage lenders.
2007-11-09 04:23:43 -
Asset managers lose ground amid broader market woes (Reuters via Yahoo! News)
Money managers' stock prices fell on Friday morning as investors worried about how these companies might be affected by mortgage securities-related losses that have hurt many banks shares in recent days.
2007-11-09 07:38:24 -
Markets stomped by mortgage woes (CNN Money)
Stocks sold off early Friday, continuing steep losses for the week, as Wachovia and the government-backed Fannie Mae became the latest victims hit by the fallout in the mortgage sector.
2007-11-09 08:56:20 -
US bank, insurer, debt protection costs rise
Reuters - ... on U.S. investment banks and bond insurers rose on Friday as another bank reported losses stemming from subprime mortgage ... The news sent U.S. broker debt protection costs higher. The cost to insure the debt of Bear Stearns Cos (BSC.N: Quote , ...
2007-11-09 09:21:00 -
Bankrupt mortgage broker, accused of fraud, agrees to permanent as-set ...
Reading Eagle - Owner Wesley A. Snyder agreed to the freeze just before a hearing scheduled in federal court, which was canceled in response. U.S. postal inspectors and the U.S. attorney’s office have accused Snyder of running a Ponzi scheme through the company ...
2007-11-07 03:57:00 -
Weak dollar makes good reading for bargain hunters
Stockhouse Canada - Simon Conti, of Conti Financial Services, an international mortgage broker, reports a surge in interest from Brits looking to buy properties in Florida, New York, Wisconsin, Colorado, Texas and Wisconsin. However, the credit crunch has forced US ...
2007-11-09 06:22:00 -
Changes under way for Ski Run Boulevard
Tahoe Daily Tribune - During the day, one can visit an eye doctor, get a check cashed, see a mortgage broker, get a haircut or browse an art gallery. People live along the boulevard in single-family homes, condominiums or apartment buildings. Tourists stay there at the ...
2007-11-09 05:46:00 -
Groom stands up for best man O.J. Simpson
Miami Herald - Stewart Jr., 53, a Las Vegas mortgage broker and longtime Simpson golfing buddy. Earlier on Sept. 13 -- the day before the Scottos' wedding -- Stewart helped pick up the wedding cake with Simpson's daughter Arnelle, who served as wedding planner. The ...
2007-11-08 09:47:00 -
Bernanke delivers gloomy prognosis for US economy
Guardian Unlimited - Ray Boulger at mortgage broker John Charcol said, though, that the MPC had missed an opportunity to cut rates. "The MPC should have cut today. Their failure to do so means that today's opportunity to mitigate the potentially serious problems building ...
2007-11-08 11:56:00 -
Woman Sentenced to Five Years for Identity Theft
Washington Post - ... went to a bank in Arlington to refinance the mortgage she had obtained for a $419,000 townhouse, using her brother and the driver's license of Jose Lara of Winchester. The first and second mortgages Cabrera-Rivera obtained, using a mortgage broker ...
2007-11-09 09:07:00 -
Despite credit crunch, lenders persist
Miami Herald - But, Pope added, ''we can't monitor everything sent out by every mortgage broker'' selling Wachovia loans to potential borrowers. EXPLAINING RISK Sunwest's president and co-owner, Jason Hayes Evans, didn't respond to requests to discuss his company's ...
2007-11-09 08:31:00
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