Mortgage and Financial News From 2007-9-6 Page 4

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  • Lehman Brothers, National City Announce New Mortgage Job Cuts []

    RTT News - ... City join many of the country's biggest mortgage lenders in laying off workers to shrink operations, including Countrywide Financial Corp., NovaStar Financial Inc., Accredited Home Lenders Holding Co., and the now bankrupt American Home Mortgage ...
    2007-09-06 02:58:00
  • Mortgages to rise as crisis grips the markets

    Daily Telegraph - Home owners are facing fresh misery as experts predict mortgage rates will rise as a direct result of the crisis that has gripped the financial markets. Any increase in rates would be a severe blow to Britain's 17 million mortgage borrowers, who have ...
    2007-09-06 06:18:00
  • Mortgage rates rise a bit

    CNN Money - In other news, the most recent Conventional Mortgage Home Price Index [CMHPI] release issued by Freddie Mac reported that on average, national house prices grew by 0.1 percent in the second quarter, the slowest quarterly house price growth since the ...
    2007-09-06 07:27:00
  • American Home Gets Final OK on $50M Loan

    Forbes - American Home Mortgage Investment Corp. won final court approval Tuesday to borrow $50 million to finance its Chapter 11 bankruptcy liquidation. U.S. Bankruptcy Judge Christopher Sontchi signed off on the loan from financier Wilbur Ross. At a hearing ...
    2007-09-04 03:07:00
  • Tech emerges as safe haven amid market turmoil

    Reuters - SAN FRANCISCO (Reuters) - Technology stocks have emerged as a safe haven for investors as shares of mortgage lenders, investment banks, home builders and luxury retailers fall amid turmoil in credit and mortgage markets. Dell Inc (DELL.O: Quote ...
    2007-09-06 05:35:00
  • Lehman Brothers to Cut 850 More Jobs in Mortgage Unit (Update4)

    Bloomberg - Lehman, the biggest underwriter of U.S. mortgage bonds, is also closing its Korean home loan business, the New York-based firm said in a statement today. The bulk of the firing will be at Aurora Loan Services LLC, the U.S. unit that makes so-called ...
    2007-09-06 03:19:00
  • Hovnanian reports 3Q loss

    Boston Globe - Last week, Fitch Ratings downgraded its credit ratings on several homebuilders, including Hovnanian, citing the problems in the home mortgage industry and other factors. Fitch said the downgrade also reflects negative trends in Hovnanian's operating ...
    2007-09-06 04:52:00
  • Murray, Frank & Sailer LLP Files Class Action Suit Against American ...

    RTT News - 9/6/2007 6:53:49 PM *Murray, Frank & Sailer LLP Files Class Action Suit Against American Home Mortgage Investment [JSDA] • 9/6/2007 6:56:33 PM *Devon Energy Elects Earl Reynolds As VP, Strategic Planning [DVN] • 9/6/2007 6:57:04 PM ...
    2007-09-06 02:58:00
  • Economists fear wave of evictions on way in US

    Financial Times - American Home Mortgage services about $50bn of loans and filed for bankruptcy last month. A court order has given the subprime lender until October 31 to sell its mortgage servicing operation. But as more service companies fall into the hands of ...
    2007-09-06 07:01:00
  • Lehman Brothers, National City Scale Back Mortgage Businesses

    CNBC - ... City join many of the country's biggest mortgage lenders in laying off workers to shrink operations, including Countrywide Financial Corp., NovaStar Financial Inc., Accredited Home Lenders Holding Co., and the now bankrupt American Home Mortgage ...
    2007-09-06 11:59:00
  • Lehman slashes 850 jobs at mortgage group (CNN Money)

    Facing markets turmoil, investment bank closes BNC Mortgage sub and scales down home lending.
    2007-09-06 10:15:09
  • Lenders poised to lift interest rates

    News.com.au - Mr Robertson said current market forces were dictating that short-term interest rates had to be higher than the cash rate. "It is more important to the economy because it sets the funding and lending rate for the banks," Mr Robertson said. The bills ...
    2007-09-05 05:58:00
  • Fitch Rates CSX's New Senior Unsecured Notes 'BBB-'

    Forbes - Business Wire - Press Release Fitch Rates CSX's New Senior Unsecured Notes 'BBB-' ... resulting from the share repurchase program are incorporated into CSX's current ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
    2007-09-06 01:03:00
  • Fort Morgan Times

    Fort Morgan Times - Skrainka also said current interest rates are lower than the average interest rate in 35 of the past 40 years, and the current unemployment rate at 4.6 percent is lower than that of the 1960s, 1970s, 1980s and 1990s. But although the nation is doing ...
    2007-09-06 04:59:00
  • Fitch Rates Casa de las Campanas (California) Retirement Community's ...

    Forbes - Fitch Rates Casa de las Campanas (California) Retirement Community's $45.6MM 2007 ... Moreover, 84% of applicants are referred by current residents, which is extremely ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
    2007-09-06 02:29:00