Mortgage and Financial News From 2008-1-24 Page 4

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  • Fitch Joins S&P and Moody's in Affirming FSA's Triple-A Rating with a ...

    Forbes - ... today that Fitch Ratings has affirmed the Triple-A financial strength rating of FSA with a stable outlook, as part of the credit rating agency's evaluation of the effect of mortgage market turbulence upon the ratings of financial guaranty companies ...
    2008-01-24 02:46:00
  • Primary Residential Mortgage, Inc. Adds 69 Branches in 2007

    Market Wire - With an estimated 86,000 workers losing jobs and over 150 mortgage companies going out of business in 2007, PRMI has aggressively sought to expand its market share in the consolidated market. With increased government regulations, net branch ...
    2008-01-24 09:31:00
  • Sovereign reports $1.6B quarterly loss, suspends dividend

    MSN MoneyCentral - Sovereign also suffered charges of $180 million related to the decline in value of its Fannie Mae and Freddie Mac preferred shares and $27 million in charges from loan defaults by two unnamed mortgage companies. Sovereign increased its loan- and lease ...
    2008-01-24 10:14:00
  • E-Trade posts $1.7 billion loss for 4Q

    BusinessWeek - In an illustration of how the mortgage industry crisis has spread to other types of companies, the New York-based brokerage in November said it sold a $3 billion portfolio of mortgage debt to Citadel Investment Group at a $2.2 billion loss. Hampered ...
    2008-01-24 03:29:00
  • Earnings, stimulus send Dow up 108

    Chicago Tribune - Stocks advanced for a second day, reflecting upbeat earnings reports by Qualcom and Xerox, optimism that insurance companies that issued risky mortgage-back securities would obtain a bailout and a better-than-expected report on first-time claims for ...
    2008-01-24 01:35:00
  • Jim Cramer's 'Stop Trading!': Dubai Eyes Retail

    Street.Com - Mortgage companies not going under will matter. Sometimes they get it right," Cramer said. "It's monumental that you get fed cuts and you get the stimulus." Overall, Cramer endorsed the package. "There's a lot of sectors that have been horrible that ...
    2008-01-24 12:30:00
  • How couples avoid pitfalls while buying a home

    Newsday - It was a good time to buy because the prices were coming down, but it was difficult because of the things that were happening with the mortgage companies." And with the beginning fallout from the come-one-come-all, no-interest mortgage craze, lenders ...
    2008-01-24 04:27:00
  • Homebuilders Rally, but Will It Last?

    Forbes - Such bold action might also finally compel legislators in this election year to move more quickly" on a series of policy measures, he said, including easing lending rules for federally backed mortgage companies and broadening eligibility for ...
    2008-01-24 12:45:00
  • Holden Lewis chat transcript

    Boston Globe - tzeros__Guest_: I am looking to buy a Boston cond in the summer and would like to know where do I go to look for reputable mortgage companies or banks. Thnak oyu
    2008-01-24 11:40:00
  • Saudi Arabia, Kuwait oppose funds conduct code - Business Day

    Saudi Arabia, Kuwait oppose funds conduct codeBusiness Day, South Africa - 1 hour ago... up the balance sheets of Wall Street companies such as Citigroup and Merrill Lynch as they sought to replenish equity eroded by subprime mortgage losses.
    2008-01-24 09:00:51
  • Proposed mortgage plan could aid markets - BusinessWeek

    Proposed mortgage plan could aid marketsBusinessWeek - 1 hour ago... the companies' multibillion-dollar accounting scandals in recent years to bolster their case that Fannie's and Freddie's massive mortgage holdings are ...
    2008-01-24 09:01:24
  • Word Count: 972 | Companies Featured in This Article: Citigroup ... - Wall Street Journal

    Word Count: 972 | Companies Featured in This Article: Citigroup ...Wall Street Journal - 1 hour agoMonths of misery at Citigroup Inc., Merrill Lynch & Co., Morgan Stanley, UBS AG and other banks and securities firms clobbered by the mortgage crisis are a ...
    2008-01-24 09:02:53
  • The Moral Imagination of Entrepreneurs - Inc.com

    The Moral Imagination of EntrepreneursInc.com, NY - 1 hour agoIn 2008 we will continue to see the unfolding of major concerns such as the subprime mortgage financial crisis. Business will step up its response to global ...
    2008-01-24 09:05:32
  • Homes sales in 2007 drop 8 percent - Austin American-Statesman

    Homes sales in 2007 drop 8 percentAustin American-Statesman, TX - 1 hour agoFewer entry-level buyers qualified for financing because of the national mortgage shake-up. The largest production builders of new homes pulled back on ...
    2008-01-24 09:07:51
  • Recession, what recession? It's Bollywood time in Davos! - KalingaTimes

    Recession, what recession? It's Bollywood time in Davos!KalingaTimes, India - 1 hour agoBut the strategy has moved from showcasing India as a country to Indian companies, reflecting a move away from a previous focus on the government. ...
    2008-01-24 09:11:43