Mortgage and Financial News From 2007-10-31 Page 6
Previous Day: 2007-10-30
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Paulson Plan Advises At-Risk Borrowers to Refinance
CNBC - Foreclosures are not only painful for homeowners, but are costly for servicers and investors, who in many cases are better off when they can modify or refinance a mortgage and keep the homeowner in his home," Paulson told reporters after meeting with ...
2007-10-31 01:02:00 -
Defaults on Insured Home Mortgages Rise 22 Percent (Update6)
Bloomberg - Falling home prices make it harder for borrowers to refinance and for lenders to recover their loans in a foreclosure. September `Deterioration' ``The speed and the depth of the deterioration we saw in the third quarter, and ...
2007-10-31 05:06:00 -
Three Bodies Found In S.C. Home (WSB-TV 2 Atlanta)
EDGEFIELD, S.C. -- Police say three bodies have been discovered inside an Edgefield home. Authorities say the three victims, two females and one male, all appear to have been shot in a murder-suicide Tuesday morning.
2007-10-31 08:04:45 -
2 Sought In Fatal Home Invasion Shooting (Local 6 Orlando)
An unidentified man is dead following a Brevard County home invasion, according to authorities.
2007-10-31 01:52:19 -
School Bus Crashes Through Altoona Home (WJAC 6 Johnstown)
No one was injured but an Altoona family is shaken after a school bus crashed through their home and into a playroom.
2007-10-31 10:44:39 -
2-Alarm Fire Ravages Chalmette Home (WDSU New Orleans)
A family was getting ready to move into a home in Chalmette until a two-alarm fire ravaged it.
2007-10-31 09:58:30 -
Exile on Wall Street
New York Times - The credit crunch, and the strains it imposes on the markets and the economy, will ... last week, at this juncture, economists expect that the troubles in the mortgage ... need to focus on the best way forward, rather than on the best spin for a bad ...
2007-10-31 11:43:00 -
O'Neal out at Merrill
CNN Money - ... presidents and chief operating officers, but it said that Fakahany, who reportedly helped oversee the company's bad bets on mortgage ... The larger-than-expected writedown prompted a $2.3 billion loss in the quarter and a downgrade of the firm's credit ...
2007-10-31 01:38:00 -
Mitsubishi UFJ's Profit Falls on Card Loss, Margins (Update3)
Bloomberg - In total, the shakeout in credit markets that began with soaring U.S. mortgage delinquencies cost the world's financial firms more than $30 billion in writedowns and bad loans in the quarter. To contact the reporters on this story ...
2007-10-31 03:22:00 -
Defaults on Insured Home Mortgages Rise 22 Percent (Update3)
Bloomberg - Oct. 31 (Bloomberg) -- Defaults by U.S. homeowners with private mortgage insurance ... Things are going from bad to worse,'' said Ajay Rajadhyaksha, head of fixed ... they contribute less than 20 percent in cash for a home purchase, have poor credit ...
2007-10-31 07:40:00 -
Earnings Roundup: MasterCard, DSP
CNBC - NEW YORK (AP) _ MasterCard Inc., the world's No. 2 credit card processor, said Wednesday ... Corp. said Wednesday its third-quarter losses widened due to a tightening secondary mortgage market, declining origination volume and rising provisions for bad ...
2007-10-31 08:02:00 -
Bankruptcy 411
Forbes - ... prospects of getting a mortgage, loan or a credit card. (For more on this, read "Consumer Credit Report: What's On It?" ) Declaring yourself bankrupt is not the key to ending your money problems. The odds may work out against you with bad credit in ...
2007-10-31 08:16:00 -
Tokyo stocks edge up as Fujifilm jumps, Fed eyed
Reuters - ... among central bankers over market uncertainty and fallout from problems in the U.S. subprime mortgage ... 50 basis point cut in September, to limit damage from the housing slump and tighter credit conditions. "Investor sentiment is not bad.
2007-10-31 03:54:00 -
MasterCard 3Q Profit Soars, Shares Climb
Forbes - Moreover, the U.S. card industry has not even seen much credit deterioration, in contrast to mortgage lenders, who have logged huge losses as home ... Many of the banks that wrangled with bad debt in the third quarter - Citigroup Inc., JPMorgan Chase & Co ...
2007-10-31 02:21:00 -
Banks May Not Get Much Relief From Lower Rates
CNBC - ... cut interest rates probably won't do much for banks struggling with rising credit ... Financial stocks comprise one-fifth of the S&P 500. Some, including mortgage lender ... or some residential construction in Florida, those loans may already be bad now ...
2007-10-31 01:09:00
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