Mortgage and Financial News From 2009-7-30 Page 01
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Wells Fargo & Company - Birmingham Business Journal
Wells Fargo & Company is a diversified financial services company with $1.4 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through almost 11,000 stores and the internet across North America and ...
2009-07-30 05:42:00 -
Congress passes bill to shore up depleted programs - Salon
Lawmakers, eyeing their departures from Washington, moved with unusual speed to approve the three-part package that adds $7 billion to the highway trust fund, replenishes the federal unemployment insurance trust fund and gives new lending authority ...
2009-07-30 05:13:00 -
Genworth Q2 Net Loss Narrows - Update - TradingMarkets.com
The company posted a net loss of $50 million or $0.11 per share for the second quarter of 2009, compared to a net loss of $109 million or $0.25 per share in the prior year quarter. Result for the latest quarter included $75 million of gains on ...
2009-07-30 03:47:00 -
Government Problem-Loan Principal-Reduction Guidelines to Change - Structured Finance News
Starting August 15, servicers can reduce the principal amount of a troubled Federal Housing Administration-insured mortgage by up to 30% so the homeowners' monthly payments are reduced to 31% of income. "Tens of thousands of FHA borrowers will now be ...
2009-07-30 02:00:00 -
Genworth Financial reports 2Q loss of $50 million - CNBC
RICHMOND, Va. - Genworth Financial Inc. on Thursday reported a narrower second-quarter loss, but still missed analysts' expectations as losses in the company's investment portfolio and U.S. mortgage insurance business continued to drag down results ...
2009-07-30 04:59:00 -
Gladstone Commercial Corp. Reports Operating Results (10-Q) - GuruFocus.com
Gladstone Commercial Corp. Reports Operating Results (10-Q)GuruFocus.comAt June 30, 2009, we owned 65 properties totaling approximately 6.3 million square feet, and had one mortgage loan outstanding. The total gross investment ...and more »
2009-07-30 06:12:27 -
Genworth's Loss Narrows in Second Quarter - FOXBusiness
Genworth's Loss Narrows in Second QuarterFOXBusinessGenworth Financial (GNW) narrowed its loss in the second quarter, but sustained losses in the mortgage-insurance sector and amid a tax charge. Richmond, Va. ...and more »
2009-07-30 06:53:52 -
Abolishing the OTS Could Raise Capital Concerns - US Banker
Abolishing the OTS Could Raise Capital ConcernsUS BankerYes, thrifts are making more commercial loans these days, but mortgage lending is still their bread and butter, and they worry that their new regulator ...
2009-07-30 06:55:18 -
Tough times test Darien Rowayton - Connecticut Post
Tough times test Darien RowaytonConnecticut PostIn May, the Federal Deposit Insurance Corp. issued a cease-and-desist order to the bank for inadequate capital reserves and suspect oversight of lending. ...and more »
2009-07-30 07:09:25 -
US Congress shores up federal funding - Pakistan News
US Congress shores up federal fundingPakistan NewsCongress has moved to ensure federal programs will not run out of money while legislators take an August break. The programs that have been supported ...and more »
2009-07-30 07:30:29 -
What Follows Dollar General? 15 More PE-Backed IPO Candidates - Private Equity Hub
What Follows Dollar General? 15 More PE-Backed IPO CandidatesPrivate Equity HubThen came S-1 filings from Vitamin Shoppe, Emdeon and Bayview Mortgage Capital. Then comes today's news that discount retailer Dollar General has its ...and more »
2009-07-30 07:46:39 -
Seneca council approves updated flood hazard ordinance - Anderson Independent Mail
Seneca council approves updated flood hazard ordinanceAnderson Independent Mail“If you had a requirement to get flood insurance due to a mortgage requirement or anything like that, you may be able to demonstrate that your property is ...and more »
2009-07-30 07:56:12 -
Homes, from sale to rent - KENS 5 TV
Homes, from sale to rentKENS 5 TVThis shifting marketplace is leaving many houses vacant for months while owners continue to make mortgage payments. Renting is usually seen as only a ...
2009-07-30 09:09:46 -
Fannie, Freddie Unlikely to Return Aid Regulator Openly Doubts ... - Washington Post
Fannie, Freddie Unlikely to Return Aid Regulator Openly Doubts ...Washington PostBut he also said he's not sure that the private sector alone could support the needs of the mortgage market. He hinted he might favor a government insurance ...and more »
2009-07-30 09:43:37 -
Fixed on fixed rates? Builder Toll Brothers issues a call to ARMs - Chicago Tribune
If you think the housing market has said farewell to ARMs, think again. Toll Brothers , the Pennsylvania -based builder that operates in the Chicago area, raised a few financial eyebrows recently when it announced it would offer an adjustable-rate ...
2009-07-30 08:19:00