Mortgage and Financial News From 2008-1-30 Page 5

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  • FBI mortgage fraud probes triple

    Newsday - But sources previously have said that Bear Stearns and Co. and the now-defunct American Home Mortgage in Melville are among those under investigation in the metropolitan area. A number of other firms, including Morgan Stanley and Goldman Sachs, have ...
    2008-01-29 03:59:00
  • HSBC Cuts Hong Kong Lending Rate to Near 3-Year Low (Update1)

    Bloomberg - Mortgage costs that are below the rate of inflation for the first time since 1997 will help drive demand for property that's pushed prices of luxury homes to the highest since before the Asian financial crisis a decade ago. Cheaper credit may also ...
    2008-01-30 08:59:00
  • MBIA Posts Biggest Loss Amid Slump on Securities It Guaranteed

    Bloomberg - Jan. 31 (Bloomberg) -- MBIA Inc., the world's largest bond insurer, posted its biggest-ever quarterly loss and said it is considering new ways to raise capital after a slump in the value of subprime-mortgage securities the company guaranteed. The ...
    2008-01-30 09:27:00
  • MBIA Posts Biggest Loss; Considers New Capital Plans (Update1)

    Bloomberg - Jan. 31 (Bloomberg) -- MBIA Inc., the world's largest bond insurer, posted its biggest-ever quarterly loss and said it is considering new ways to raise capital after a slump in the value of subprime-mortgage securities the company guaranteed. The ...
    2008-01-30 09:49:00
  • Nomura Net Falls as Banking Fees Slump, Costs Swell (Update1)

    Bloomberg - Jan. 31 (Bloomberg) -- Nomura Holdings Inc., Japan's largest securities firm, said third-quarter profit fell 71 percent as income from investment banking declined and closing its U.S. residential mortgage unit increased operating costs. Net income ...
    2008-01-30 10:03:00
  • Home loss filings swamp courts

    St. Petersburg Times - TAMPA - When new mortgage foreclosure filings hit an all-time high of 1,220 cases in November, the Hillsborough County Clerk of the Circuit Court's Office formed a task force to get a handle on the influx. Good plan. As of noon Wednesday, January ...
    2008-01-30 08:59:00
  • Merrill Lynch to cut back on its CDOs

    Boston Globe - NEW YORK - Merrill Lynch & Co., the world's largest brokerage, will cut back on packaging home loans and consumer debts into securities after the collapse of the subprime mortgage market eroded demand for the products. "Opportunities in many areas ...
    2008-01-30 10:24:00
  • Number Seeking Mortgage Help Soars

    Guardian Unlimited - It is calling on the Government and mortgage lenders to urgently set up a free advice service for people with mortgage arrears and those who faced having their home repossessed. The call comes soon after City watchdog the Financial Services Authority ...
    2008-01-30 09:42:00
  • Kerviel made millions from mortgage meltdown

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World ... Kerviel made millions from mortgage meltdown ... Jérôme Kerviel may be the most notorious rogue trader in history, but he ...
    2008-01-30 09:34:00
  • Ranieri's Franklin Bank Gets Battered by U.S. Mortgage Collapse

    Bloomberg - The company used its retail deposits, plus another $2 billion in Federal Home Loan Bank system advances and brokered deposits, to finance a mortgage business with 45 offices in 22 states. Franklin financed $1.28 billion of loans to ...
    2008-01-30 09:34:00
  • Fitch Affirms 4 Classes from 2 Prudential Home Mortgage Security ...

    Forbes - The underlying collateral for the aforementioned transactions consist primarily of fixed and adjustable-rate, conventional, fully amortizing, first lien residential mortgage loans extended to Prime borrowers. The mortgage loans were either originated ...
    2008-01-30 02:03:00
  • Realtors 'thrilled' with vote - Florida Today

    Realtors 'thrilled' with voteFlorida Today, FL - 46 minutes agoIn recent months, mortgage foreclosure filings in Brevard County have exceeded sales of existing homes, while home construction permits have dropped ...
    2008-01-30 10:13:57
  • Republicans Debate in California: CQ Politics’ Bests and Mosts - CQPolitics.com

    Republicans Debate in California: CQ Politics’ Bests and MostsCQPolitics.com, DC - 46 minutes agoBoth Massachusetts and Arizona are among the long list of states voting on Super Tuesday, as is Huckabee’s home state of Arkansas. ...
    2008-01-30 10:14:14
  • A big question I have about the Rezko rumpus is this: - Change of Subject - Chicago Tribune Blog

    A big question I have about the Rezko rumpus is this:Change of Subject - Chicago Tribune Blog, IL - 44 minutes agoThe Obamas bought the house in June 2005 for $1.65 million--some $300000 less than the asking price--and secured a $1.32 million mortgage from Northern ...
    2008-01-30 10:15:24
  • Seattle offering anti-foreclosure loans to homeowners - KING5.com

    Seattle offering anti-foreclosure loans to homeownersKING5.com, WA - 43 minutes agoThe loans will be combined with homeowner counseling to help them restructure the mortgage. "What we found is that we really needed to bring people current ...
    2008-01-30 10:17:07