Mortgage and Financial News From 2007-9-19 Page 13

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  • Accredited, CarMax, Kellwood, Warnaco: U.S. Equity Movers Final

    Bloomberg - ... bond insurers because they are ``extremely cheap'' and potential losses from subprime mortgages are ``manageable.'' MBIA Inc. (MBI US), the world's largest bond insurer, advanced 4.1 percent to $64.16. Ambac Financial Group Inc. (ABK US), the second ...
    2007-09-19 01:45:00
  • Accredited Rises After Lone Star Offers Higher Price (Update2)

    Bloomberg - Foreclosures set a record in the second quarter and overdue payments on U.S. subprime mortgages rose to the highest level in five years, according to the Mortgage Bankers Association. That's made investors who buy mortgages reluctant to bid, and ...
    2007-09-19 01:09:00
  • Wall Street rallies for second straight day

    Reuters - NEW YORK (Reuters) - Stocks rallied for a second day on Wednesday as investors bet the Federal Reserve's aggressive rate ... and Freddie Mac advanced after the regulator for the two mortgage finance companies said they can buy more subprime mortgages ...
    2007-09-19 11:07:00
  • Can I secure a loan to my daughter?

    Guardian Unlimited - And, usually, you'll need the agreement of the existing lender to a second charge. However, as second mortgages are quite common and as the first lender gets priority in the event of a sale, I don't see why your daughter's current lender would refuse.
    2007-09-19 01:13:00
  • Profit falls for Morgan Stanley

    BBC News - Morgan Stanley said it had written down $940m of losses caused by problems in trading mortgages and corporate loans. It is the second of the big US banks to report. Lehman Brothers reported a 3% fall in quarterly profits on Tuesday. Bear Stearns ...
    2007-09-19 09:06:00
  • Wells Fargo chairman sees mortgage market recovery

    San Diego Union-Tribune - San Francisco-based Wells Fargo, the nation's fifth-largest bank and second-largest mortgage lender, has largely escaped troubles afflicting rivals such as the largest mortgage lender, Countrywide Financial Corp. The bank in not overdependent on ...
    2007-09-19 10:46:00
  • Bernanke's Drive to Keep Economy on Track

    NPR News - Often they do so by getting second mortgages on their homes. So the question of whether the Fed lowers interest rates on Tuesday — and by how much — is a practical concern for him. "Some folks think a quarter point will kind of stem the flow and a ...
    2007-09-19 10:53:00
  • Morgan Stanley Profit Drops After Losses on LBO Loans (Update6) (Bloomberg.com)

    Sept. 19 (Bloomberg) -- Morgan Stanley, the world's second- biggest securities firm, reported quarterly earnings that fell short of analysts' estimates because of losses on loans for leveraged buyouts and a decline in fixed-income trading revenue.
    2007-09-19 01:48:14
  • Market advances day after Fed rate cut (Reuters via Yahoo! News)

    Stocks rose for a second day on Wednesday as investors bet the Federal Reserve's bold rate cut would help prevent the economy from slowing further and boost profits.
    2007-09-19 12:33:33
  • Wall Street rallies for second straight day (Reuters via Yahoo! News)

    Stocks rallied for a second day on Wednesday as investors bet the Federal Reserve's aggressive rate cut would help prevent an economic slowdown.
    2007-09-19 09:20:58
  • U.S. Stocks Surge For Second Day Following Rate Cut

    Washington Post - ... inflation data encouraged investors already buoyed by the Federal Reserve's interest ... consumers and businesses, making it cheaper to take out a car loan or home mortgage ... Wall Street had expected a cut of only a quarter percentage point, and the stock ...
    2007-09-19 01:38:00
  • Housing starts, permits at 12-year low

    CNN Money - ... fell to their lowest level in 12 years in August, as the problems in the mortgage ... even more sharply in the report, falling 7 percent to an annual rate of only 988 ... of the reasons cited Tuesday by the Federal Reserve when it cut its targeted interest ...
    2007-09-19 01:16:00
  • German shares higher after US Fed interest rate cut, econ data as ...

    Forbes - The Fed's surprising move to drop the federal funds rate, the interest that banks ... Frankfurt trading floor, banking stocks -- long under pressure from the US mortgage ... other end of the index, MLP lost 0.08 eur, or 0.79 pct, to 10.01, as one of only ...
    2007-09-19 08:08:00
  • Consumer Prices, Housing Drop

    Greenwich Time - The new economic reports Wednesday were seen as justification for the Federal Reserve's bolder-than-expected cut in interest ... turmoil in financial markets as investors lost their appetite for securities backed by mortgages because of rising mortgage ...
    2007-09-19 01:31:00
  • Real estate chat transcript

    Boston Online - That all can tend to push down long-term mortgage interest rates eventually, so the answer, in short is yes. The Fed surprised some who thought it would reduce interest rates only 1/4 point, so a 1/2 point reduction is more beneficial to the housing ...
    2007-09-19 01:52:00