Mortgage and Financial News From 2007-10-1 Page 15

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  • On the Move (The Sacramento Bee)

    Jeff Henderson has been hired as executive director of Snowline Hospice of El Dorado County. He will be responsible for overseeing the nonprofit organization's patient care services, thrift store operations and strategic planning. He was previously the chief executive director of Hospice of Southwest Oklahoma. The organization has also hired Dr. Sherellen Gerhart as medical director. She will be ...
    2007-10-01 12:07:28

  • Nearly 7 in 10 Americans Cannot Achieve Their Monthly Retirement Savings Goals Bankrate.com Debuts New Retirement ... (FinanzNachrichten)

    NEW YORK, Oct. 1 /PRNewswire-FirstCall/ -- Bankrate, ( Nachrichten ) Inc. today released a new Bankrate.com poll, which found that 68% of Americans are unable to reach their monthly retirement savings goal.
    2007-10-01 05:59:18

  • RBA expected to leave rates on hold (The Age)

    The Reserve Bank is expected to leave rates unchanged when it meets today but may yet push them higher during the election campaign.
    2007-10-01 07:12:54

  • Lender Lead Solutions First to Announce HECM Reverse Mortgage Based on the LIBOR Index (Business Wire via Yahoo! Finance)

    MELVILLE, N.Y.----Lender Lead Solutions, a comprehensive reverse mortgage services company, announced the introduction of a Home Equity Conversion Mortgage based on the London Interbank Offered Rate index.
    2007-10-01 05:30:00

  • Joffrey Long: Fixed Rate Reverse Mortgages - Stable Alternative Receives Enthusiastic Welcome (PR Newswire via Yahoo! Finance)

    Time brings change.
    2007-10-01 10:15:00

  • Economist says growth will precede end of foreclosure crisis

    Dublin Villager - The mortgage brokers association reports that 5.1 percent of home mortgages nationally were delinquent during the second quarter of 2007," he said. "That's up substantially from 2006. Our rate here in Ohio is 6.7 percent but if it's any consolation ...
    2007-10-01 09:34:00

  • Citigroup Warns of 60% Earnings Drop

    New York Times - These commitments totaled $69 billion at the end of the second quarter and $57 billion at the end of the third quarter. ... investment banking operations suffered similar losses on the back of collapsing prices for securities backed by mortgages and ...
    2007-10-01 08:16:00

  • Citigroup warns earnings will fall 60% in third-quarter

    Globe and Mail - Largest bank in U.S. says it will take more than $3-billion in writedowns related to underperforming mortgages and loans tied ... The second type of conversation is fully moderated. In a fully moderated conversation, every comment is reviewed by a ...
    2007-10-01 06:35:00

  • UPDATE 1-Washington Mutual boosting mortgage disclosures

    Reuters - ... record high in the second quarter, according to the Mortgage Bankers Association, marking the third straight quarter in which the foreclosure rate rose to a record-setting level. Many homeowners have stumbled on their adjustable-rate mortgages ...
    2007-10-01 09:13:00

  • Enron’s Second Coming?

    New York Times - Enron’s Second Coming? ... Then there are the investors who bought those Countrywide mortgages directly or indirectly, in the form of financial ...
    2007-10-01 05:38:00

  • Citigroup Sees 3Q Earns Down 60 Percent

    Newsday - ... nation's largest bank took losses of more than $3 billion after writing down securities backed by underperforming mortgages ... The week of Oct. 15, Bank of America Corp. and JPMorgan Chase & Co. -- the nation's second- and third-largest banks ...
    2007-10-01 10:03:00

  • Manufacturing in U.S. Probably Grew at Slower Pace (Update1)

    Bloomberg - The outlook for the second half of 2007 has deteriorated since mid-August as concern about defaults on subprime mortgages squeezed access to credit. Moving to avert further damage to the economy, the Federal Reserve on Sept. 18 reduced its key ...
    2007-10-01 06:57:00

  • Property market: The property time bomb

    Daily Telegraph - When I predicted at the end of 2006 that the housing market would take a turn for the worse in the second half of 2007 ... have risen five times in the past year, while the squeeze in credit markets has pushed the rates on some mortgages ...
    2007-10-01 09:42:00

  • UBS 3Q Loss May Hit $690M From Subprime

    MSN MoneyCentral - ZURICH, Switzerland (AP) - Losses linked to the collapsing market for U.S. subprime mortgages will force Swiss banker UBS to ... Rohner said that when UBS announced second-quarter results in August he said that the bank could expect a "very weak ...
    2007-10-01 09:56:00

  • Bank warnings hits European stocks

    MSN MoneyCentral - The bank's shares are now down nearly 17 per cent on the year, as selling intensified on growing concerns that investments in subprime mortgages and credit markets would hit profits in the second half of the year. In a further blow to the sector, US ...
    2007-10-01 05:38:00

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