Mortgage and Financial News From 2007-10-27 Page 11
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
-
Home loan defaults soaring
Sacramento Bee - Many who got more expensive subprime loans, given to people with blemished credit history, can't refinance into easier payments because they owe more than their home is worth. Lenders also are withholding credit from those owners. Last year about 27 ...
2007-10-26 11:52:00 -
California mortgage defaults hit record
San Jose Mercury News - With home sales plummeting, values sliding and mortgage companies newly picky about who can refinance, more California homeowners than ever before faced foreclosure last quarter. Statewide, mortgage companies sent 72,571 "notices of default" to ...
2007-10-27 02:01:00 -
Face of foreclosure crisis - Chinese-speaking Parkinson's sufferer
San Francisco Gate - Countrywide, the nation's largest mortgage lender, this week said it would refinance or modify about $16 billion in home loans to help 82,000 borrowers avoid losing their homes. The company and other lenders have faced intense pressure from ...
2007-10-27 05:29:00 -
2 Accused Of Home Invasion (KSAT San Antonio)
San Antonio and East Central Independent School District police arrest two suspects in connection with a home invasion of a 60-year-old woman.
2007-10-26 11:30:21 -
Peter G. Miller: Could foreclosure on one home lead to the loss of second dwelling? (San Antonio Express-News)
Q: I own two houses and I'm having financial troubles with one. If I can't continue the payments for the second home and the lender ends up foreclosing, what could happen to my primary home? Could I lose it?
2007-10-26 02:27:54 -
Experts: Little can be done for home crisis (Daily Breeze)
WASHINGTON - If you want to see a Democratic or Republican congressman squirm, mention a multibillion-dollar bailout for the housing market crisis. The apparent discomfort contrasts with reality: Most risky home loans made near the end of the housing boom can't be salvaged.
2007-10-26 11:52:32 -
Merrill Lynch clobbered by credit crisis
Crain's New York Business - Bad bets on mortgage securities and leveraged loans prompted the firm to write down a bigger-than-expected $7.9 billion. Merrill Lynch & Co.'s announcement Wednesday that it would take a $7.9 billion write-off on its portfolio of subprime mortgages ...
2007-10-23 05:58:00 -
Investors look beyond loss at Countrywide
Los Angeles Times - ... 2 billion -- and Wall Street cheered, sending the mortgage ... The company endured a barrage of bad news last week ... in the sub-prime market for borrowers with poor credit scores or overtaxed finances. The third-quarter reserve for bad loans ...
2007-10-26 10:34:00 -
Bad deal leaves clients out in the real estate cold
Orlando Sentinel - I'm a loan officer and mortgage specialist. I have clients who rented a home from a ... We were told we were approved for a nonverification loan because our credit scores ... Make that ice fishing, since he has a bad back. Here's to you, Mr. Robinson A week ...
2007-10-27 02:08:00 -
Dark clouds return over credit markets
Reuters - ... Wall Street returned from the Labor Day holiday, the credit market picture appeared to brighten, with loans moving through the system and banks reporting numbers not nearly as bad as ... Bank exposure to the subprime mortgage mess is a major concern, as ...
2007-10-26 05:47:00 -
Microsoft and Countrywide drive stock rally
CNBC - Countrywide , the largest U.S. mortgage lender, on Friday reported a quarterly loss, but it forecast a profit in the ... On Wednesday, Merrill reported huge write-downs for bad investments related to risky subprime mortgages. The New York ...
2007-10-26 01:37:00 -
Stocks Finish Volatile Week Higher
CNBC - Countrywide posted a wide loss of more than $1 billion in the third quarter, but the beleaguered mortgage lender, whose stock ... stocks were solidly higher Friday, but the sector continues to show signs of uneasiness following the summer's credit market ...
2007-10-26 03:17:00 -
Countrywide sees rebound ahead after posting loss
Boston Globe - CHARLOTTE - Countrywide Financial Corp. , the biggest US mortgage lender, said profit ... The losses "were not as bad as market participants anticipated," said Peter ... The company is viewed as a survivor within the midst of the credit-market turmoil." ...
2007-10-27 01:54:00 -
Mortgage Industry Facing More Troubles
Newsday - ... industry this week, from the people who make the loans to the people who insure them, the news was bad ... If your credit scores are low, your access to mortgage money has all but vanished," said Dan Green, a certified mortgage planning specialist and ...
2007-10-27 03:27:00 -
Mortgage industry facing more troubles (Lexington Herald-Leader)
In all phases of the mortgage industry this week, from the people who make the loans to the people who insure them, the news was bad - and most of them expect it to get worse. Things have gotten so tough, title insurer Stewart Information Services Corp. said it could not cut costs fast enough in August and September to keep up with the plummeting market. The company has already made "significant ...
2007-10-27 04:41:09