Mortgage and Financial News From 2008-1-23 Page 61

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  • Refinancing Drives Increase In Applications - Originator Times

    Refinancing Drives Increase In ApplicationsOriginator Times - 39 minutes agoThe Market Composite Index, a measure of mortgage loan application volume, was 981.5, an increase of 8.3 percent on a seasonally adjusted basis from 906.4 ...
    2008-01-23 09:12:18
  • Primary Residential Mortgage, Inc., Lawrence Segree Reach 5-Year ... - PR Newswire (press release)

    Primary Residential Mortgage, Inc., Lawrence Segree Reach 5-Year ...PR Newswire (press release), NY - 37 minutes agoWe have a proven history of closing loans -- especially loans that other banks and mortgage companies couldn't do. That happens because we take the time ...
    2008-01-23 09:13:53
  • Fitch Affirms JP Morgan Chase 2006-CIBC17 - Trading Markets (press release)

    Fitch Affirms JP Morgan Chase 2006-CIBC17Trading Markets (press release), CA - 36 minutes ago2006-CIBC17, commercial mortgage pass-through certificates are affirmed by Fitch Ratings as follows: The $31.7 million class NR is not rated by Fitch. ...
    2008-01-23 09:14:55
  • Russia, Others Can Use Wealth for World - CNNMoney.com

    Russia, Others Can Use Wealth for WorldCNNMoney.com - 33 minutes agoRising delinquencies and defaults among mortgages have forced banks to write down the value of bonds and debt backed by the troubled loans. ...
    2008-01-23 09:18:04
  • Fed rate cuts will help the economy a lot more than a tax rebate - San Jose Mercury News

    Fed rate cuts will help the economy a lot more than a tax rebateSan Jose Mercury News,  USA - 31 minutes agoLower interest rates help everyone with an adjustable-rate mortgage, including the prudent borrowers. Besides, the tax stimulus plan is also “unfair. ...
    2008-01-23 09:19:26
  • SunTrust Profit Falls on Loans, Money Fund Bailout (Update4) - Bloomberg

    SunTrust Profit Falls on Loans, Money Fund Bailout (Update4)Bloomberg - 29 minutes agoSunTrust set aside $356.8 million for credit losses, citing an increase in overdue mortgage loans and falling home values. That was more than double the ...
    2008-01-23 09:21:44
  • SunTrust Banks Q4 Profit Plummets On Market Valuation Losses - Update - RTT News

    SunTrust Banks Q4 Profit Plummets On Market Valuation Losses - UpdateRTT News, NY - 29 minutes agoIn addition, the company incurred about $45 million in net market valuation losses related to its trading and securitization assets, mortgage loan valuation ...
    2008-01-23 09:21:51
  • LBO Outlook Is Bleak From Davos - FINalternatives

    LBO Outlook Is Bleak From DavosFINalternatives, NY - 29 minutes agoA pair of high-profile buyout chiefs warned that the subprime mortgage market collapse and ensuing credit crunch will make it hard to finance big deals in ...
    2008-01-23 09:22:00
  • Cameron: Rock rescue bid dodgy deal - The Press Association

    Cameron: Rock rescue bid dodgy dealThe Press Association - 25 minutes agoMr Brown told him: "The loans and the bonds are secured against the assets of NR. NR has a high quality loan book as everybody understands. ...
    2008-01-23 09:25:34
  • Sector Snap: Mortgage Insurers - CNNMoney.com

    Sector Snap: Mortgage InsurersCNNMoney.com - 23 minutes agoMGIC Investment Corp., which insures more than $210 billion in home loans, said more borrowers are overdue on their bills. Companies in this sector sell ...
    2008-01-23 09:27:28
  • Wintrust Financial Corporation Reports 14% Increase in Fourth ... - PR Newswire (press release)

    Wintrust Financial Corporation Reports 14% Increase in Fourth ...PR Newswire (press release), NY - 21 minutes ago... 2007 relating to recourse obligations on residential mortgage loans sold to investors and losses on certain residential loans held for sale by $707000. ...
    2008-01-23 09:29:37
  • Whitney's 4Q earnings drop - Fort Wayne Journal Gazette

    Whitney's 4Q earnings dropFort Wayne Journal Gazette, IN - 19 minutes agoWhitney said it has "no meaningful exposure" to subprime home mortgage loans that have recently devastated the financial industry. ...
    2008-01-23 09:31:40
  • US midday: Retreat continues though banks shine - ShareCast

    US midday: Retreat continues though banks shineShareCast, UK - 17 minutes agoThe biggest casualty among leading shares is MGIC Investment, the biggest of the mortgage insurers in the US. MGIC said fourth-quarter claims relating to ...
    2008-01-23 09:33:32
  • SLM Reports Loss Amid Higher Costs, Reduced Subsidies (Update3) - Bloomberg

    SLM Reports Loss Amid Higher Costs, Reduced Subsidies (Update3)Bloomberg - 17 minutes ago23 (Bloomberg) -- SLM Corp., the largest US provider of student loans, reported an unexpected quarterly loss of $1.64 billion on increased reserves for ...
    2008-01-23 09:34:13
  • Fall in mortgage lending confirms shaky market - ClickPress (press release)

    Fall in mortgage lending confirms shaky marketClickPress (press release), UK - 15 minutes ago... value of loans approved, to £3.14bn. All the December data point to continuing turmoil and a marked downturn in the housing market, as mortgage lenders ...
    2008-01-23 09:36:14