Mortgage and Financial News From 2007-10-26 Page 01

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• Feldman Mall Properties, Inc. Reports Second Quarter 2007 Financial ...

  Forbes - Mortgage loans payable $235,291 $211,451 Junior subordinated debt obligation 29,380 29,380 Secured line of credit 13,000 - Due to ...
  2007-10-26 05:04:00

• Countrywide Upbeat Despite $1.2 Billion Loss

  Washington Post - It has transferred its mortgage production from Countrywide Home Loans, its non-bank mortgage subsidiary, to another subsidiary, called Countrywide Bank FSB. Countrywide Bank makes loans like a traditional bank. To the extent possible, Countrywide ...
  2007-10-26 09:36:00

• Valley Bank's earnings fall 39%

  Roanoke Times - On a positive note," the release said, "the company does not have any subprime mortgage loans [transactions in which the often marginally qualified borrowers have put little if any money down and yet obtained low initial interest rates] in its ...
  2007-10-26 10:27:00

• Chase to bring 270 jobs

  News-Star - Chase's Monroe center currently services first mortgage loans only. The two expansions will give Chase about 1,670 company employees in Monroe, 200 of whom work outside the mortgage service center in retail and commercial banking offices. The company ...
  2007-10-26 10:48:00

• American National 3Q Profit Slips 5 Pct

  MSN MoneyCentral - The banking industry has been struggling through defaults in subprime mortgage loans and a softening housing sector, though American National said it is not a subprime lender. American National's loan portfolio performed well compared to the third ...
  2007-10-26 02:56:00

• Clayton Holdings swings to 3Q loss

  Boston Globe - SHELTON, Conn. -- Clayton Holdings Inc., which provides analytical tools for investors in mortgage loans, said Friday it swung to a loss in the third quarter, hurt by significantly reduced transaction volumes due to the ongoing crisis in the credit ...
  2007-10-26 10:24:00

• Richmond to lose up to 150 banking jobs

  Richmond Times-Dispatch - As many as 150 people will lose their jobs in the Richmond area as a result of Bank of America's decision to close its mortgage wholesale business. The wholesale business, which offers mortgage loans sold through a network of 7,000 individual brokers ...
  2007-10-26 10:48:00

• Fitch Ratings Revises Mexican RMBS Rating Criteria

  Forbes - Fitch Ratings today released a report highlighting revised rating criteria for analyzing securities backed by Mexican mortgage loans. The report emphasizes Fitch's approach to local ratings on the Mexican National scale, although these inputs are ...
  2007-10-26 11:06:00

• Branson to name Northern Rock team

  Guardian Unlimited - Alliance & Leicester was identified, along with Bradford & Bingley and Northern Rock as the most aggressive sellers of mortgage loans on the wholesale money markets. It was Northern Rock's inability to sell a £5.5bn securitisation of mortgages in ...
  2007-10-26 03:53:00

• AP Business NewsBrief at 1:14 a.m. EDT

  CNBC - NEW YORK (AP) _ In all phases of the mortgage industry this week, from the people who make the loans to the people who insure them, the news was bad _ and most of them expect it to get worse. Things have gotten so tough, title insurer Stewart ...
  2007-10-26 10:12:00

• Countrywide Rebounds As Liquidity Fears Abate

  BusinessWeek - But given the nervous speculation in recent weeks about whether Countrywide would remain solvent, the news that it has secured ample capital and liquidity to continue originating and selling mortgage loans and to meet its debt obligations through ...
  2007-10-26 04:00:00

• Wall Street faces more job cuts

  MSN UK News - NEW YORK (Reuters) - As fallout from the summer credit crunch spreads, Wall Street faces more job cuts -- and smaller bonuses. Investment banks have announced thousands of jobs cuts as investors stopped snapping up risky corporate loans, mortgage ...
  2007-10-26 05:12:00

• Gloomy week in the mortgage industry

  St. Petersburg Times - NEW YORK - In all phases of the mortgage industry this week, from the people who make the loans to the people who insure them, the news was bad - and most of them expect it to get worse. Things have gotten so tough, title insurer Stewart Information ...
  2007-10-26 09:08:00

• Elephant Loans plunges on profit warning (Daily Telegraph)

  Elephant Loans has seen its shares plummet almost 15pc today, after the sub-prime mortgage lender warned that it will miss its full-year profits target amid the crisis in the credit markets.
  2007-10-26 08:02:13

• Gloomy week in mortgage industry means more bad news for those seeking home loans (Pioneer Press)

  NEW YORK - In all phases of the mortgage industry this week, from the people who make the loans to the people who insure them, the news was bad - and most of them expect it to get worse.
  2007-10-26 10:23:59

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