Mortgage and Financial News From 2007-11-9 Page 4

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• US Treasury secretary Paulson says he expects credit rescue fund ...

  CNBC - ... huge rescue fund being created to help resolve problems in the current ... Paulson told reporters the administration continues to push the mortgage industry to move faster to help homeowners whose subprime mortgages are resetting at higher rates ...
  2007-11-09 03:41:00

• Fannie Loses $1.4B in 3Q, Warns on '08

  Chicago Tribune - ... Fannie Mae's third-quarter loss more than doubled to $1.4 billion, the mortgage ... The nine-month results "show that we are not immune to the current market ... 600 billion, are "resetting" this year and next, jumping from low "teaser" rates ...
  2007-11-09 03:05:00

• Fannie Mae Files 2007 Quarterly Reports with the SEC; Company Returns ...

  PR Newswire - Securities and Exchange Commission, marking its return to current ... Mae has a federal charter and operates in America's secondary mortgage market to ensure that mortgage bankers and other lenders have enough funds to lend to home buyers at low rates
  2007-11-09 07:58:00

• US financial sector: A peep into the future (The Hindu)

  Despite severe credit losses due to sub-prime woes, long-time mortgage rates in the US have not gone up markedly, proving that risk aversion has not set in. The booming capital market shows that business confidence is still holding up.
  2007-11-09 11:15:16

• Anworth Mortgage Asset Corporation Schedules Conference Call to Announce Quarterly Earnings (Business Wire via Yahoo! Finance)

  SANTA MONICA, Calif.----Anworth Mortgage Asset Corporation announced today that it will release results for the third quarter of 2007 on Wednesday, November 14, 2007.
  2007-11-09 02:14:00

• Anworth Mortgage Asset Corporation Schedules Conference Call to Announce Quarterly Earnings (Finanzen.net)

  Anworth Mortgage Asset Corporation (NYSE:ANH) announced today that it will release results for the third quarter of 2007 on Wednesday, November 14, 2007. Lloyd McAdams, Anworth’s Chairman, President and Chief Executive ...
  2007-11-09 02:29:04

• Sprint and Clearwire abandon plans to join WiMax networks; Clearwire ...

  Seattle Post Intelligencer - WiMax is important to them because both cable and phone companies, the other providers of home broadband, have video ... Its third-quarter loss was $328.6 million, or $2.01 per share, including a $159.2 million charge to refinance senior debt as ...
  2007-11-09 02:43:00

• Brad Pitt's Neverland wish

  Boston Globe - It's not a home anymore. I'll only visit." Jackson's representative Raymone K. Bain insists his client isn't worried about the property going into foreclosure. He said: "Mr. Jackson is in the final stages of refinance and will not lose the Neverland ...
  2007-11-09 03:05:00

• Foreclosures on the Rise - Refinance Mortgages May Be Beneficial For ...

  Best Syndication - But there are risks associated with a cash-out or refinance loan. Although you may save money on mortgage payments and taxes, you are putting your home up as collateral for the loan. Your house may be at risk of foreclosure if you are unable to ...
  2007-11-09 03:05:00

• Condo re-fi falls through; where's my fee?

  Miami Herald - • Q: The week of Oct. 22, I decided to refinance my condo through Countrywide Home Loans. Upfront, I paid a nonrefundable fee of $334 in order to lock the quoted interest rate. I was assigned a loan number, and Countrywide Fedexed me the paperwork ...
  2007-11-09 02:36:00

• Fannie Mae loss doubles, sees deeper housing slump (Reuters via Yahoo! News)

  Fannie Mae , the largest U.S. mortgage finance company, said on Friday its third-quarter net loss doubled from last year as slumping home prices and a credit squeeze drove down values of mortgage securities.
  2007-11-09 02:47:28

• Condo re-fi falls through; where's my fee? (Miami Herald)

  Q: The week of Oct. 22, I decided to refinance my condo through Countrywide Home Loans. Upfront, I paid a nonrefundable fee of $334 in order to lock the quoted interest rate.
  2007-11-09 12:06:39

• Stocks Edge Lower on Deepening Credit Worries

  New York Times - ... of a credit squeeze. The Dow Jones industrial average plummeted 204 points, or 1.5 percent, early in the day before pulling back as technology stocks extended their losses. Wachovia said today that it would lose $1.1 billion on bad bets on mortgage ...
  2007-11-09 12:13:00

• U.S. Stocks Decline to Two-Month Low; Qualcomm, Wachovia Fall

  Bloomberg - ... Inc. trimmed its profit forecast and Wachovia Corp. and Fannie Mae said mortgage ... wrote down holdings of debt securities and set aside more money for bad loans ... Loan Probe Egan Says Goldman, Wachovia Can Withstand Credit Woes
  2007-11-09 08:31:00

• Credit crunch: Don't get blown away by the debt storm

  Daily Telegraph - Meanwhile, banks and building societies have been pulling mortgage deals, with 40 per cent fewer loans available last ... Clearly the reduction means less choice for borrowers, particularly for those with bad credit, irregular incomes, or ...
  2007-11-09 03:48:00

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