Mortgage and Financial News From 2007-9-19 Page 11

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  • 'Marketplace' Report: Will Bernanke Bounce Last?

    NPR News - ... percentage point aims to keep the economy growing at a time when the world's credit ... A lot of investors have lost money in mortgage-backed securities, and no one can ... best performing shares were home builders, which have had a spectacularly bad ...
    2007-09-19 11:58:00

  • Home loan lending to tighten: Wizard

    News.com.au - ... chairman of Wizard Home Loans, which was sold to GE Money in 2004, said the credit ... did not have the lending practices of the US that led to the sub-prime mortgage crisis ... There have been a lot of bad lending practices in this country and in the US ...
    2007-09-19 04:22:00

  • Will Americans ever learn frugality?

    Seattle Post Intelligencer - The wildfire that has already torched the subprime mortgage market is threatening to ... everyone -- perpetrators, victims and bystanders -- from the consequences of bad ... The median credit card debt for individual consumers is $6,600, according to a ...
    2007-09-19 03:47:00

  • What luck had to do with Northern’s exposure

    Times Online - Wall Street began to get jumpy in June about Countrywide because part of its mortgage lending was made to sub-prime borrowers, homeowners with low incomes and bad credit histories. Nervousness about Countrywide’s level of exposure to sub-prime ...
    2007-09-19 01:16:00

  • Dollar Strengthens on Fed Rate Cut

    CNBC - Analysts said risk aversion was lower Wednesday, but investors would likely stay cautious on worries about more bad news tied to the U.S. subprime mortgage crisis and resulting credit market troubles, highlighted by the problems of British mortgage ...
    2007-09-19 01:52:00

  • Moody's Investors Service says bad mortgage credit persists

    CNBC - NEW YORK - Moody's Investors Service said Wednesday bad credit persists among mortgage borrowers and will probably lead the ratings agency to downgrade the credit quality of more debt. Moody's said people who borrowed money to buy homes in the past ...
    2007-09-19 11:29:00

  • Morgan Stanley profit slides 17% after credit squeeze (Market Watch)

    NEW YORK (MarketWatch) -- Wall Street investment bank and broker Morgan Stanley on Wednesday reported a 17% decline in third-quarter net income after writing down bad loans and posting big losses at some of its hedge funds, amid one of the most difficult market environments for brokers in years.
    2007-09-19 05:19:58

  • Lehman takes $700m hit from credit crunch (Mail and Guardian)

    The Wall Street investment bank Lehman Brothers has revealed that the global credit crunch knocked $700-million off its revenue over the summer as mortgage-backed securities plummeted in value.
    2007-09-19 04:51:09

  • Mortgage losses temper boost in Lehman stock (Honolulu Advertiser)

    NEW YORK — Lehman Brothers Holdings Inc. might have surprised investors yesterday with better-than-expected quarterly results, but the No. 4 U.S. investment bank left them mostly in the dark on the details of its losses from bad mortgage-related debt.
    2007-09-19 05:09:51

  • Moody's: Credit continues to worsen (FinanzNachrichten)

    NEW YORK (AP) - Moody's ( Nachrichten ) Investors Service said Wednesday bad credit persists among mortgage borrowers and will probably lead the ratings agency to downgrade the credit quality of more debt.
    2007-09-19 12:03:03

  • Moody's: Credit Continues to Worsen (AP via Yahoo! Finance)

    Moody's Investors Service said Wednesday bad credit persists among mortgage borrowers and will probably lead the ratings agency to downgrade the credit quality of more debt.
    2007-09-19 11:37:56

  • Nationwide Calls for Preservation of Pension Plan

    dBusinessNews.com - COLUMBUS -- Nationwide is asking Congress to help reverse an IRS action that could potentially decrease the pension benefits ... including auto, motorcycle, boat, homeowners, life, commercial insurance, administrative services, annuities, mortgages ...
    2007-09-18 11:47:00

  • Northern Rock shares plummet after early gain amid takeover rumours

    This is London - The troubled bank's stock went into reverse amid speculation that it had received takeover offers worth less than £1 ... A global credit crunch has been triggered by the failure of thousands of mortgages in the US leaving banks and other ...
    2007-09-19 06:21:00

  • Bold Fed move to ease economic pain, but runs risks

    Raw Story - ... costs including business and consumer loans, and in some cases, the costly upward "resets" for adjustable-rate mortgages (ARMs ... recent financial market volatility subsides and the weakness in housing does not spread, we expect that the Fed will reverse ...
    2007-09-19 11:50:00

  • Bernanke Proving to Be a Quick Learner

    The Ledger - During his long tenure at the Fed, Greenspan on more than one occasion was called upon to suddenly reverse course because of ... investment funds, raising worries about just how far-reaching the fallout would be from rising defaults on subprime mortgages ...
    2007-09-19 03:44:00

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