Mortgage and Financial News From 2008-2-28 Page 4

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  • Freddie Mac CFO confident despite widening losses

    Houston Chronicle - ... of 2007 as mortgage defaults mounted and falling interest rates hurt certain investments. Despite expectations of further losses this year and next, the company's chief financial officer said Freddie, the No. 2 U.S. buyer and backer of home loans ...
    2008-02-28 03:52:00

  • 'Telepresence' Enhances Video Conferencing

    US News and World Report - ... CEO Randall Stephenson noted, at a Citigroup conference, that customers were beginning to treat their home phone bills like their mortgage ... Utilization rates of traditional videoconferencing systems are low—about five to 15 hours of use a month ...
    2008-02-28 12:53:00

  • Foreclosure aid bill faces veto

    Detroit News - ... change bankruptcy laws to allow judges to cut interest rates and reduce what's owed on troubled borrowers' mortgages, provide $4 billion to communities to purchase and rehabilitate foreclosed homes, and improve disclosure of subprime mortgage loans ...
    2008-02-26 10:00:00

  • VRDOs Spell More Trouble For Banks

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... Yes, we've heard all about the problems in the mortgage derivatives markets, with the ... Like the auction rates securities recently grabbing headlines, VRDOs are another ...
    2008-02-27 03:53:00

  • Westfield Profit Falls 38% as Property Values Slow (Update3)

    Bloomberg - ... in the U.S., which generates 47 percent of Westfield's revenue, have weakened as the economy slows after the subprime mortgage ... The company expects similar growth this, when adjusted for fluctuations in exchange rates.
    2008-02-25 03:56:00

  • Paulson Dismisses Mortgage Rescue Plans

    Wall Street Journal - A major reason for their reluctance is that losses related to subprime mortgages and other risky loans have depleted the capital of many banks and other major financial intermediaries, such as government-sponsored mortgage giants Fannie Mae and ...
    2008-02-28 03:24:00

  • AIG Posts Biggest Loss, Misses Analysts' Estimates (Update1)

    Bloomberg - U.S. homeowners with private mortgage insurance defaulted on 37 percent more loans in December than a year earlier, according to the Washington-based Mortgage Insurance Companies of America.
    2008-02-28 03:09:00

  • Key worker home scheme gets revamped

    Guardian Unlimited - ... mortgage for half of the property's cost under a revamped government scheme, the Guardian has learned. Selected key public-sector workers will be able to choose whatever home they want to buy and pay for half of the property at normal interest rates ...
    2008-02-26 04:52:00

  • Heritage Bankshares, Inc. Declares Dividend

    Yahoo Finance - Heritage Bank provides a full range of financial services including business, personal and mortgage loans. Forward Looking Statements The press release contains statements that constitute "forward-looking statements" within the meaning of Section 21E ...
    2008-02-28 02:19:00

  • Bernanke Won't Back Loan-Modifying Bill

    Forbes - U.S. lenders against the proposed bill argue it would lead to a hike in mortgage costs for all borrowers because lenders would need to insure loans against the chance that only part of the agreed-upon loan would be paid back.
    2008-02-28 02:19:00

  • Petrol watch on the cards - Rudd

    News.com.au - Mobile Phones Computers Digital Cameras Home Entertainment Gaming Blogs ... Harvey Norman pulls in over $3 billion REIA: House prices to fall as rates rise ... Stocks market drops with big banks Mobius: Allco won't take new mortgages Mortgage ...
    2008-02-28 04:28:00

  • AIG Posts Biggest Loss, Misses Analysts' Estimates (Update2)

    Bloomberg - ... 2007 were clearly unsatisfactory,'' Sullivan said in the statement. ``The deterioration of both the U.S. residential mortgage ... He rates the company ``neutral.'' The world's largest financial institutions have reported at least $163 ...
    2008-02-27 03:53:00

  • Freddie Mac Posts Record Loss, Remains `Cautious' (Update7)

    Bloomberg - Created by Congress to boost homeownership, Fannie Mae and Freddie Mac profit by holding mortgages and mortgage bonds as investments and by charging a fee to guarantee and package loans as securities.
    2008-02-28 02:05:00

  • Paulson Rejects Government Bailouts

    Waterloo Cedar-Falls Courier - Among the items being considered are proposals to have the government buy $15 billion in troubled mortgages, change bankruptcy laws to allow judges to modify home mortgage loans to more favorable terms and provide assistance to state and local ...
    2008-02-28 03:09:00

  • Freddie Mac posts record $2.6bn loss

    News.com.au - FREDDIE Mac, the second-biggest provider of US residential mortgage funding, said its ... soaring defaults on mortgages guaranteed by the two companies as nationwide home ... We kept market aware' 10. Rates outlook - why we're hurting
    2008-02-28 03:02:00

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