Mortgage and Financial News From 2007-10-19 Page 10

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  • Wachovia Net Drops 10% on Mortgage, Loan Writedowns (Update7)

    Bloomberg - ... decline in six years and missed analysts' estimates after a record $1.3 billion of writedowns for bad loans and mortgage ... We think that a lot of other companies as they have presented their marks have only shown you certain areas,'' Thompson said ...
    2007-10-19 12:26:00

  • September home sales drop 22 percent in Central Texas

    Austin American-Statesman - Banks and mortgage companies have toughened lending standards, shutting many first-time buyers out of the market. But the news isn't all grim. While prices are declining in many areas around the country, the median home sales price in the ...
    2007-10-19 12:19:00

  • Massachusetts probes Bear trades - report

    CNN Money - Latest Rates Active Companies Stock Price Increases Stock Price Decreases Earnings: Reports & Estimates Hot Stocks Stock Spotlight ... Regulators are looking at whether the Wall Street brokerage traded mortgage-backed securities for its own account with the ...
    2007-10-19 07:11:00

  • Cheyne, IKB SIVs Default on Commercial Paper as Assets Fall

    Bloomberg - The companies borrow in the short-term debt market and use the proceeds for buying mortgage-backed bonds and collateralized debt obligations. Falling market prices for assets forced the companies to declare all of their debt due this week ...
    2007-10-19 10:53:00

  • US Sub Prime crisis not to have much impact on IT Cos: Wipro

    Deepika Global - ... of unsuitable mortgages to millions of homeowners and this led to the crisis in the US. The borrowers found themselves unable to refinance this year because of falling property prices and the default rate zoomed putting hundreds of mortgage companies ...
    2007-10-19 11:29:00

  • Charges in forgery of property documents

    CNBC - Authorities say Slaubaugh intended to defraud General American Corp., which was a title agent for mortgage companies. She allegedly put together a phony brochure and cover letter signed by a fictitious employee named Melanie Schmidt, authorities said ...
    2007-10-19 12:55:00

  • Where Were The Realtors?

    Forbes - A lot of these mortgage companies are captive lenders of the [real estate] brokers," Phillips said. At the heart of the matter is the way agents are paid--traditionally through a commission, paid by the seller, of 5% or 6% of the home's sales price ...
    2007-10-19 12:55:00

  • Blog: American Home Mortgage, earthmovers and you (Newsday)

    Signs of a mortgage market in retreat continue to abound. Locally, the latest New York State Labor Department 's report shows that housing related-layoffs are slowing job growth.
    2007-10-19 11:14:11

  • Wachovia Net Drops 10% on Mortgage, Loan Writedowns (Update4) (Bloomberg.com)

    Oct. 19 (Bloomberg) -- Wachovia Corp., the fourth-largest U.S. bank, reported its first earnings decline in six years and missed analysts' estimates after a record $1.3 billion of writedowns for bad loans and mortgage-backed securities.
    2007-10-19 08:12:51

  • Wachovia Net Drops 10% on Mortgage, Loan Writedowns (Update7) (Bloomberg.com)

    Oct. 19 (Bloomberg) -- Wachovia Corp. reported its first earnings decline in six years and missed analysts' estimates after a record $1.3 billion of writedowns for bad loans and mortgage-backed securities.
    2007-10-19 12:27:44

  • Paris under siege from cross-channel invasion as England rugby fans ...

    Daily Mail - Steve Cockle, 33, and his pregnant wife Amy, 31, from Clapham, London, described the trip as their "first family outing to an England game. Mr Cockle, a mortgage broker, said: "We had tickets for the final months ago but we never really believed we ...
    2007-10-19 08:30:00

  • Tax probe stirs protest

    Seattle Business Journal - Dave Erickson, owner of Mortgage Broker Associates in Lynnwood, calls the recent wave of audits a grab for more unemployment-tax revenue. Mortgage test stumble [Seattle] Subprime squeeze not cutting flow of risky loans [Seattle] Credit unions nab ...
    2007-10-19 10:32:00

  • How to accelerate your mortgage (Daily Bulletin)

    UPLAND - Sean Brunske wants to tell you how to pay off your mortgage between 11 and 15 years earlier without changing your spending habits. Best of all, it's free.
    2007-10-18 09:05:45

  • Stillwater mortgage broker charged in sexual assault of teen (Pioneer Press)

    A high-profile Stillwater mortgage broker has been charged with plying a 16-year-old girl with alcohol and sexually assaulting her in front of her boyfriend.
    2007-10-18 10:20:57

  • Movers: Caterpillar, Wachovia, Capital One, Google, SanDisk

    BusinessWeek - Including loss from discontinued operations of $898.0 million related to the shutdown of GreenPoint Mortgage, COF reported ... Any advice, analysis, or recommendations contained in articles labeled "Insight from Standard & Poor's" reflect the views of ...
    2007-10-19 08:16:00

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