Mortgage and Financial News From 2007-10-27 Page 10
Previous Day: 2007-10-26
Return to the mortgage news archive home.
Page: 01 2 3 4 5 6 7 8 9 10 11 12 13 14
-
COUNTRYWIDE SOARS 34% ON $1.2B LOSS
New York Post - October 27, 2007 -- Embattled Countrywide Financial, the nation's biggest home-mortgage lender, lost a whopping $1.2 billion in the third quarter - its first quarterly loss in 25 years. But Countrywide's shares surged as much as 34 percent after its ...
2007-10-27 03:20:00 -
Lender sees profits rising (Winston-Salem Journal)
CALABASAS, Calif. Countrywide Financial Corp., the biggest U.S. mortgage lender, said yesterday that profit will rebound from the first quarterly loss in 25 years as it cuts jobs and tightens lending standards. The shares rose the most in 20 years. The company that provides one out of every five U.S. mortgages will earn 25 cents to 75 cents a share in the fourth quarter and will be profitable in ...
2007-10-27 01:09:19 -
Biggest home lender says it's mending (Arizona Daily Star)
LOS ANGELES — Just a couple of months ago, worries that the home loan crisis would sink Countrywide Financial Corp., the nation's largest mortgage lender, sent customers bolting to yank their savings from the company's banking subsidiary.
2007-10-27 12:08:15 -
Woolworths expects to grow sales by 10%
Sydney Morning Herald - Mr Luscombe said he was pleased with the performance, but fluctuating petrol prices and higher interest rates could affect spending ... FREE Generation Next Aussie Music CD and ARIA magazine this Sunday
2007-10-22 05:59:00 -
'Inflation will lead to hunger'
Beeld - No policy or vested interest must be allowed to stand in the way of achieving this goal." Year-on-year consumer price inflation excluding mortgage rates (CPIX) quickened to 6.7% last month from 6.3% in August, Statistics SA reported on Wednesday ...
2007-10-26 02:41:00 -
Chinese economy surges ahead 11.5 percent in 3rd quarter
San Diego Union-Tribune - Beijing has raised interest rates five times this year to curb spending on factories, real estate and other assets, and economists expect another hike later in the year. China's recent surge has prompted foreign analysts to raise forecasts for this ...
2007-10-23 05:58:00 -
Canadian manufacturers have dodged a bullet
Montreal Gazette - One clear implication is that there's little sign of impending economic distress that would cause the Bank of Canada to cut interest rates in tandem with the U.S. Federal Reserve. The U.S. central bank, responding to signs of a further slowdown in the ...
2007-10-27 01:25:00 -
EuroBancshares, Inc. Reports Earnings for the Third Quarter Ended September 30, 2007 (FinanzNachrichten)
SAN JUAN, Puerto Rico, Oct. 26 /PRNewswire-FirstCall/ -- EuroBancshares, ( Nachrichten ) Inc. (the "Company") today reported its results for the third quarter ended September 30, 2007.
2007-10-26 03:33:02 -
Fed's Mishkin: Rate cuts helped soothe markets
Reuters UK - ... in an effort to promote orderly market functioning and buffer the economy from a credit crunch brought on by mortgage delinquencies. Mishkin declined to answer any questions about current monetary policy. Markets expect the Fed to cut interest rates ...
2007-10-26 05:04:00 -
Experts: It's going to get worse
Portsmouth Herald - That would compare with a 66 percent plunge in housing construction during the 1980s slump, a period when mortgage rates hit double-digit levels, and a 36 percent fall in construction during the 1990-91 housing downturn. The current housing slump has ...
2007-10-27 05:57:00 -
Mortgage woes ravage Countrywide (The Daily News)
LOS ANGELES (AP) -- Countrywide Financial Corp. lost $1.2 billion in the third quarter, but its shares soared Friday after the nation's largest mortgage lender said it expects to be profitable this quarter and next year.
2007-10-27 12:34:55 -
Feds can't rescue homes
Cincinnati Enquirer - The apparent discomfort contrasts with reality: most risky home loans made near the end of the housing boom can't be ... push us into a housing recession" because lenders would face new restrictions on their ability to help borrowers refinance. ...
2007-10-27 02:30:00 -
Kenneth Harney: Relief measures for mortgage meltdown
Arizona Daily Star - It is considered a crucial relief measure for consumers who need to refinance out of adjustable-rate loans into lower-cost ... Titled the Home Ownership Mortgage Emergency Act, the bill would allow certain borrowers who are 60 days or more behind on ...
2007-10-27 03:56:00 -
County foreclosures at record high
Press Democrat - Falling home prices have made it harder to refinance into a cheaper loan, and a glut of houses on the market makes it tougher to sell if a borrower can't afford a bigger mortgage payment. "There's no evidence in this report that we're turning the ...
2007-10-26 10:41:00 -
Experts: Little can be done for home crisis
Daily Breeze - The unfolding crisis in the $10.8 trillion U.S. home loan market is so widespread and so complex that many experts ... push us into a housing recession" because lenders would face new restrictions on their ability to help borrowers refinance. ...
2007-10-27 01:18:00