Mortgage and Financial News From 2007-11-23 Page 01

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  • Topps Meat Files Bankruptcy After Second-Biggest Beef Recall

    Bloomberg - The case is In re American Home Mortgage Holdings Inc., 07- 27196, U.S. Bankruptcy Court, District of New Jersey (Newark). To contact the reporter on this story: Steven Church in Wilmington, Delaware, at schurch@bloomberg.net ...
    2007-11-23 09:19:00

  • Japan's banks take $2.1B mortgage hit

    CNN Money - Japan's banks take $2.1B mortgage hit First damage estimate of losses to Japanese financial industry from risky U.S. home loan-linked investments: Report
    2007-11-23 07:39:00

  • WWII vet, 89, was bold in war and work

    Minneapolis Star Tribune - Delta: We'll call the shots in a merger Target profit falls, taking shares with it Seeking a home mortgage? The news just got worse 'Made in Minnesota' gifts keep on giving Turkey sales lead Hormel profit higher Philip Woodrow Smogard, a veteran of ...
    2007-11-21 03:55:00

  • Habitat for Humanity builds 20th island home

    Kuam News 8 - Work other projects and also be able to accept help from others in the community," he said. Habitat for Humanity will carry the mortgage - interest-free - on the Balajadia's new home for the next 15 years. The concrete masonry unit will have four ...
    2007-11-23 09:15:00

  • Crowds pack stores, but will the buying continue?

    Los Angeles Times - Many have reined in spending as they worry about rising pump prices, higher mortgage payments and shrinking home values. The National Retail Federation is predicting that holiday sales will rise 4% this year, less than the 4.8% average over the last ...
    2007-11-23 08:39:00

  • Hold-Back Friday

    Washington Post - The cost of gasoline, coupled with falling home prices and mortgage interest-rate increases, has many shoppers making a budget and checking it twice. According to a survey by the National Retail Federation , a trade group, as many as 133 million ...
    2007-11-23 09:22:00

  • More than ever = good $ense

    Winchester Star - Higher gas prices and the crisis in the home mortgage industry, to name just two inhibiting influences, may put a crimp in Americans’ holiday purchasing power. But Christmas, as well we know, is Christmas. Part of the holiday’s appeal comes in the ...
    2007-11-23 08:53:00

  • Quick Read

    Detroit News - The risk of Detroit-based GMAC LLC defaulting on its debt declined because the home and auto lender may prevent its residential mortgage unit, Residential Capital LLC from falling into bankruptcy. Credit-default swaps on GMAC dropped 56 basis points ...
    2007-11-23 09:51:00

  • U.K. Home Mortgage Approvals At Low Point

    Post Chronicle - Mortgage approvals for British home buyers fell to a record low last month, a report from the British Bankers' Association said. Observers called it a further sign that Britain's property boom was slowing, the London Telegraph said Friday. The BBA ...
    2007-11-23 11:28:00

  • Ailing mortgage lenders set a grim tone

    Financial Times - Among the worst performing stocks this week were Fannie Mae and Freddie Mac, government-sponsored enterprises that provide liquidity to US mortgage markets by buying, securitising and guaranteeing home loans. The declining value of its mortgage ...
    2007-11-23 09:15:00

  • Have we seen worse of mortgage crisis?

    Miami Herald - A home is advertised for sale at a foreclosure auction in Pasadena, Calif. in this Aug. 14, 2007 file photo. Some 2 million homeowners hold $600 billion of subprime adjustable-rate mortgage loans, known as ARMs, that are due to reset at higher ...
    2007-11-23 10:34:00

  • Fingers are crossed for Fannie Mae, Freddie Mac stability

    Boston Globe - Fannie Mae and Freddie Mac own or guarantee a combined $4.8 trillion of US home mortgage loans, or more than 40 percent of the total outstanding. That size, in part, explains why Fannie Mae and Freddie Mac are likely to survive the current housing and ...
    2007-11-23 09:36:00

  • Have we seen worse of mortgage crisis? (AP via Yahoo! News)

    When Domenico Colombo saw that his monthly mortgage payment was about to balloon by 30 percent, he had a clear picture of how bad it could get.
    2007-11-23 10:34:43

  • Have we seen worse of mortgage crisis? (The Bellingham Herald)

    A home is advertised for sale at a foreclosure auction in Pasadena, Calif. in this Aug. 14, 2007 file photo. Some 2 million homeowners hold $600 billion of subprime adjustable-rate mortgage loans, known as ARMs, that are due to reset at higher amounts during the next eight months.
    2007-11-23 10:50:40

  • Mortgage help offered to workers (Florida Today)

    Community Educators offers a new mortgage assistance program to help certain categories of workers purchase their first home.
    2007-11-23 10:16:22

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