Mortgage and Financial News From 2007-11-9 Page 7

RSS Feed

Previous Day: 2007-11-08

Return to the mortgage news archive home.

  • Bank of America Says `Dislocations' to Hurt Results (Update2)

    Bloomberg - Nov. 9 (Bloomberg) -- Bank of America Corp., the nation's second-largest bank, said ``significant dislocations'' in the ... The bank had $9.8 billion in collateralized debt obligations, mainly backed by subprime residential mortgages, the Charlotte ...
    2007-11-09 03:48:00
  • Czech CSOB nine-month net climbs 10 pct on mortgages

    CNBC - PRAGUE (Thomson Financial) - Profit at CSOB, the Czech Republic's largest bank by total assets, rose 10 pct in the first nine months of 2007 on the back of mortgages and building loans. Net profit at the Czech Republic's second-biggest retail bank ...
    2007-11-09 02:33:00
  • Yen Advances to 18-Month High Against Dollar on Credit Concern

    Bloomberg - The U.S. currency has weakened this quarter against all 16 most-active currencies as the world's biggest banks have written down at least $40 billion in assets tied to U.S. subprime mortgages. Morgan Stanley, the second-biggest U.S. securities firm ...
    2007-11-09 01:03:00
  • Bank of America says market "dislocations" hurt Q4

    Guardian Unlimited - NEW YORK, Nov 9 (Reuters) - Bank of America Corp , the second-largest U.S. bank, on Friday said "significant dislocations" in the debt capital markets, including those related to mortgages, will hurt fourth-quarter results. In its quarterly report ...
    2007-11-09 04:24:00
  • Japanese 10-Year Bonds Post Weekly Advance on Rate Outlook

    Bloomberg - U.S. and Japanese bonds rallied as the world's biggest banks have written down at least $40 billion in assets tied to U.S. subprime mortgages due to record foreclosures. Morgan Stanley, the second-biggest U.S. securities firm by market value after ...
    2007-11-09 03:33:00
  • Morgan Stanley's Bank Units Held $6.7 Billion in Subprime Bonds

    Bloomberg - Nov. 9 (Bloomberg) -- Morgan Stanley, the second-biggest U.S. securities firm by market value, said two of its subsidiary banks held $6.7 billion of securities related to subprime mortgages at the end of October. ``These portfolios do not include ...
    2007-11-09 03:26:00
  • E-Trade Expects Bigger Debt Write-Downs

    Forbes - Second lien debts, which in the case of home loans are typically known as second mortgages, are generally seen as relatively risky because they rely on the same collateral as a previous outstanding loan. In September, E-Trade slashed its 2007 profit ...
    2007-11-09 03:41:00
  • Bank of America expects hit from loans (CNN Money)

    Second largest U.S. bank says market dislocations will hurt fourth quarter results, but offers no estimate of impact.
    2007-11-09 01:11:30
  • National Australia Posts Record Second-Half Profit (Update1) (Bloomberg.com)

    Nov. 9 (Bloomberg) -- National Australia Bank Ltd., the nation's biggest, posted record second-half profit on increased lending at home and in the U.K.
    2007-11-08 04:27:53
  • (AFX UK Focus) 2007-11-09 10:33 GMT: Czech CSOB nine-month net climbs 10 pct on mortgages (Interactive Investor)

    PRAGUE (Thomson Financial) - Profit at CSOB, the Czech Republic's largest bank by total assets, rose 10 pct in the first nine months of 2007 on the back of mortgages and building loans.
    2007-11-09 02:55:05
  • Subprime second-mortgage downpayments vanishing (The Cincinnati Enquirer)

    The practice of homebuyers with shaky credit taking out second mortgages for downpayments is ending because there's no investor demand for securities backed by such loans.
    2007-11-09 02:22:40
  • Second mortgages are vanishing (Long Island Business News)

    The common practice of homebuyers with shaky credit taking out second mortgages is ending because there's no investor demand for securities backed by such loans.
    2007-11-09 05:57:10
  • Second mortgages scarcer (Long Beach Press-Telegram)

    WASHINGTON - The common practice of homebuyers with shaky credit taking out second mortgages for downpayments is ending because there's no investor demand for securities backed by such loans.
    2007-11-09 12:17:04
  • Inherited House Poses Numerous Questions

    Washington Post - Only his name is on the mortgage and deed because she was not working and is retired. They both bought the ... His health may be failing, and the family is concerned that her interest is not covered because she shows up nowhere on any mortgage, deed ...
    2007-11-09 01:10:00
  • Paulson Sees Rescue Fund by Year's End

    FOX News - SIVS were created by investment banks to borrow money at one interest rate and use ... Paulson told reporters that the administration continues to push the mortgage ... 10 Commandments' Found in Italy After Arrests A Look Inside the World's Only ...
    2007-11-09 03:41:00