Mortgage and Financial News From 2008-2-28 Page 11

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  • Reuters Canada Business Summary (The Globe and Mail)

    TORONTO (Reuters) - Canadian Imperial Bank of Commerce posted a big first-quarter loss on Thursday after taking pretax charges of C$3.38 billion ($3.47 billion) on U.S. mortgage-related securities and credit protection, and executives acknowledged that further writedowns may be needed.
    2008-02-28 12:53:30

  • Fitch Rates Delaware County Industrial Development Authority's PECO Energy PCRBs 'A' (Business Wire via Yahoo! Finance)

    NEW YORK----Fitch Ratings has assigned an 'A' rating to the Delaware County Industrial Development Authority, PA's $150 million pollution control revenue refunding bonds , 2008 series A .
    2008-02-28 12:54:00

  • Treasurys rally on weak economic reports (The Forex Market)

    NEW YORK (AP) - Treasury prices rallied sharply Thursday after new reports showed the economy barely moved forward at the end of last year and that jobless claims rose last week.
    2008-02-28 12:58:00

  • UPDATE:Bush's Optimism On Economy Unshaken By Run Of Bad News (Nasdaq)

    WASHINGTON -(Dow Jones)- As worries about economic growth intensified and inflationary pressures mounted Thursday, U.S. President George W. Bush held firm to his belief that a recession isn't imminent and said Senate proposals to aid strapped homeowners would provide an unnecessary lifeline to lenders and speculators.
    2008-02-28 12:58:42

  • County Foreclosure Numbers Shockingly High

    NBC San Diego - Some experts think it could be some time before things get better. One mortgage broker said that there are still a lot of adjustable-rate loans that will reset at higher rates in the next two years.
    2008-02-25 03:56:00

  • Stocks drop on jobs data, bank worries

    Boston Globe - ... United States is nowhere near the stagflation scenario of the 1970s, and that most banks will bounce back from the mortgage ... Societe Generale revealed a $7 billion loss due to the actions of a rogue trader, New York-based futures and options broker ...
    2008-02-28 10:44:00

  • ABC Learning Centres battered by debt and doubts

    News.com.au - Symbion and Co minuses Big dream: Rejig for mortgage broker Shares up: Banks, consumer stocks lead way Aggressive defence: Rio hits streets of London Terry McCrann: Disclosure a very vexed question Taking off: Flight Centre eyes $200m Dollar woes: Raging ...
    2008-02-26 04:23:00

  • Premarket Movers: Thornburg Plunges

    Forbes - Shares of Thornburg Mortgage Inc. plunged in premarket trading Thursday after the mortgage lender, said it has been the subject ... And shares of MF Global Ltd. dropped sharply after the New York broker said a rogue trader rang up losses of $141.5 million ...
    2008-02-28 07:24:00

  • Stocks tumble as Bernanke says some banks may fail

    USA Today - ... this week has been barraged by a series of complex developments, including regulatory changes that should enable mortgage ... Generale uncovered a $7 billion losses due to the actions of a rogue trader, New York-based futures and options broker MF ...
    2008-02-28 08:43:00

  • Mortgages & homes - Mortgage features

    This is Money - David Hollingworth of mortgage broker London & Country Mortgages said lenders are now much more cautious than they were before the credit crunch took hold.
    2008-02-24 03:57:00

  • Under Armour Appoints Wayne Marino As COO; Brad Dickerson As CFO ...

    Stockhouse Canada - ... value of its securities as continued pressure faced by the mortgage industry due to numerous factors, which included continued industry-wide disclosures regarding the continued deterioration of the value of mortgage assets held by banks and broker ...
    2008-02-28 08:50:00

  • Harris Helpful Hints: Mortgage Safety Tips for Homebuyers and ...

    MSN MoneyCentral - CHICAGO, Feb. 28 /PRNewswire/ -- Whether you are a homeowner or a homebuyer, your mortgage is as critical to your home as the ... Brokerage products are offered through Harris Investor Services, Inc. (HIS), a registered broker/dealer, member NASD/SIPC ...
    2008-02-28 10:09:00

  • Alert goes out on 'Alt A' loans

    News.com.au - Macquarie is aggressively growing its broker network and last week signed a distribution deal with leading Canadian broker, First Foundation Inc. Macquarie is also advertising on the internet for new staff to join its mortgage processing arm in Canada
    2008-02-28 07:45:00

  • Wells Fargo tightens mortgage guidelines

    Sacramento Business Journal - Menke declined to comment further on any potential differences in credit policies between the bank's retail distribution network and its correspondent and broker channels. Wells' mortgage originations during the fourth quarter declined to $56 billion ...
    2008-02-28 09:11:00

  • Freddie Mac Posts Record Loss, Remains `Cautious' (Update5)

    Bloomberg - Contracts on the companies rose 3 basis points to 78, according to broker Phoenix Partners Group in New York. Rising mortgage defaults forced Syron to shore up Freddie Mac's finances by selling $6 billion of preferred stock in November ...
    2008-02-28 09:26:00

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