Mortgage and Financial News From 2007-10-4 Page 6
Previous Day: 2007-10-03
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Countrywide ordered to provide option data: report
Globe and Mail - Home National British Columbia Prairies Ontario Quebec Atlantic Politics World Americas Europe Asia-Pacific Africa-Mideast Report ... Judge rules mortgage lender will have to turn over data about stock option grants to a pension fund that alleges the grants were ...
2007-10-04 04:23:00 -
Subprime defaults fastest in decade
MSN MoneyCentral - ... this decade, according to a report from Moody's on Thursday that analyses home ... than last year's," said David Teicher, co-head of the Moody's residential mortgage ... The agency also identified the quality of a lender's loan-origination and ...
2007-10-04 04:40:00 -
Pelosi: 'Democrats Are Committed to Taking Concrete Action to ...
Forbes - ... on so-called "phantom income" when a lender forgives some part of a family's mortgage in foreclosure: "The recent turmoil in the housing market stemming from subprime loans has resulted in a significant increase in the number of families facing home ...
2007-10-04 03:43:00 -
Analyst predicts bigger loss for Countrywide
CNN Money - ... said Thursday he expects Countrywide Financial Corp. to report a much bigger third-quarter loss than he previously predicted. The nation's biggest home lender will have to record accounting charges reflecting how much value the company's mortgage debt ...
2007-10-04 06:18:00 -
Realtors(R) Applaud House Passage of Mortgage Cancellation Tax Relief
Forbes - ... is also about families who have lost their home or a need to sell that home for less than the amount owed on their home mortgage ... The current tax code requires a lender who forgives debt to provide a Form 1099 to the IRS stating the amount the ...
2007-10-04 01:34:00 -
Mortgage turmoil: 170 at Credit Suisse lose their jobs
New York Daily News - The lender said mortgage problems could linger for 18 months as it announced layoffs in its commercial mortgage-backed ... Bear Stearns announced its layoffs and said it would fuse its two mortgage businesses, after home loan woes contributed to a ...
2007-10-04 03:57:00 -
Lone Star's tender offer for Accredited Home Lenders shares on track ...
CNBC - DALLAS - Private equity firm Lone Star Fund V LP said Thursday it expects to close its tender offer for the common stock of subprime mortgage lender Accredit Home Lenders Holding Co. on Friday, assuming a majority of shares are tendered. Accredited ...
2007-10-04 05:42:00 -
Asian Stocks Rise in U.S. Trading, Led by Mizuho, Financials
Bloomberg - Financial shares from Japan and South Korea gained after Bear Stearns, the second-biggest underwriter of U.S. mortgage- backed ... Kookmin Bank, the No. 1 lender in South Korea, rose $4.44 to $91.63. Shinhan Financial Group Co., second-biggest in South ...
2007-10-04 03:07:00 -
Lone Star-Accredited Deal Nearly Done (AP via Yahoo! Finance)
Private equity firm Lone Star Fund V LP said Thursday it expects to close its tender offer for the common stock of subprime mortgage lender Accredit Home Lenders Holding Co. on Friday, assuming a majority of shares are tendered.
2007-10-04 05:47:26 -
Dallas-based Lone Star Funds buying California subprime lender 2:21 PM CT (Dallas Morning News)
Lone Star Funds, the buyout firm that backed out of its original bid for Accredited Home Lenders Holding Co., expects to complete its revised tender offer for the subprime lender tomorrow.
2007-10-04 12:54:58 -
Analyst predicts bigger loss for Countrywide (CNN Money)
Friedman Billings Ramsey analyst says home lender's third quarter will be greater than earlier break-even prediction, cites mortgage debt.
2007-10-04 06:40:12 -
It's your move, Mr. Dodge
Ottawa Citizen - This reduction could leave both central banks' key interest rates at 4.5 per cent. So, how can Dodge not move on Oct. 16? BMO Capital Markets economist Michael Gregory believes that will be the case, with Dodge holding off until January, when ...
2007-10-04 01:38:00 -
Bank of Canada eyes loonie, credit before rate move
Ottawa Citizen - The bank monitors Canadian credit conditions closely, and we will be looking at the level of interest rates paid by households and firms, as well as at any changes in the availability of credit granted to them for spending on goods and ...
2007-10-04 04:23:00 -
Dollar takes a temporary breather
The Australian - The Reserve Bank left interest rates on hold, but expectations are growing that it could raise them again by Christmas. At yesterday's close the Australian dollar was trading at US88.94c, compared with the previous close of US88.19c. During the day ...
2007-10-04 06:25:00 -
Climbing euro sparks concern
Gulf Daily News - Belgian Finance Minister Didier Reynders said the ECB should be ready to cut interest rates if the euro zone economy worsens. "What often strikes me is hearing ECB officials explain how the situation has changed, how it's worrying and then doing ...
2007-10-04 09:52:00
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