Mortgage and Financial News From 2007-10-31 Page 7

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  • Don't Write Off Quant Funds

    Street.Com - Quant funds earned their bad rap in July and August as turbulence from the subprime mortgage imbroglio spread to the broader credit markets and then to equities. Goldman Sachs' ( GS - Cramer's Take - Stockpickr ) quantitatively-driven Global Alpha ...
    2007-10-31 11:58:00

  • AP Centerpiece: Mortgage counselors face skyrocketing workloads

    Seattle Post Intelligencer - Mortgage counselors face skyrocketing workloads By SANDY SHORE AP BUSINESS WRITER DENVER ... There's the bad days where you've had five people come into your office that ... and problems with subprime mortgages, which are made to homeowners with weak credit ...
    2007-10-31 02:57:00

  • Merrill CEO Out After Big Mortgage Loss (CBS 2 Los Angeles)

    The still unfolding mortgage-related credit crisis has claimed its biggest corporate casualty so far: Merrill Lynch CEO Stan O'Neal.
    2007-10-30 02:07:00

  • Mortgage counselors face skyrocketing workloads amid credit crisis (San Jose Mercury News)

    DENVER - It was one of Zach Urban's most trying days as a housing counselor: A woman arrived on his doorstep so distraught over the thought of losing her townhome he feared she might harm herself.
    2007-10-31 11:48:19

  • Community banks unaffected amid talk of national credit crunch (Newport News-Times)

    The Independent Community Bankers of America (ICBA), which represents 5,000 community banks nationwide, said last week that community banks remain a stable source of mortgage and small business loans even as the national mortgage market is being buffeted by talk of a credit crunch.
    2007-10-31 08:43:30

  • THE FED: Fed Cuts By A Quarter-Point, Suggests That Might Be It

    FXStreet.com - At the same time, the statement would allow them to reverse course if inflation flares up." The vote was 9-1, with Kansas ... downs by Wall Street brokerage firms from their holdings of sophisticated derivative products linked to subprime mortgages ...
    2007-10-31 01:31:00

  • India, China Face Fallout as U.S. Cuts Interest Rates (Update3)

    Bloomberg - ... reported a $2.24 billion third-quarter loss, six times what the firm forecast three weeks earlier, as subprime mortgages ... Cash Reverse Reserve Company Repo Rate Repo ...
    2007-10-31 05:46:00

  • Senior Alert: Reverse Mortgage Offers

    All American Patriots - Reverse mortgages are attractive to many seniors, particularly those who are not concerned with leaving behind property for their relatives or friends to inherit. But homeowners who are considering a reverse mortgage need to know that these ...
    2007-10-29 05:58:00

  • Seniors Money Canada Announces Agreement with Mortgage Alliance (CNW Group via Yahoo! Finance)

    Seniors Money Canada, a world leader in the reverse mortgage industry, today announced a national distribution agreement with Mortgage Alliance. The agreement supports Seniors Money's goal to be the preferred provider in conservative and flexible retirement funding for Canadians, by leveraging Mortgage Alliance's expertise and network of over 1600 brokers.
    2007-10-31 12:10:00

  • Seniors Money Canada lines up distribution deal with Mortgage Alliance (Investment Executive)

    Seniors Money Canada today announced a national distribution agreement with Mortgage Alliance. The agreement gives the marketer of reverse mortgages access to Mortgage Alliance’s expertise and network of over 1,600 brokers.
    2007-10-31 01:33:21

  • Reverse mortgages for seniors (KETK 56 Tyler)

    EAST TEXAS-- Seniors who need some extra cash for retirement may be living right there in the answer. Experts say there has been a lot of confusion on whether reverse mortgages are a scam and who they benefit.
    2007-10-31 02:04:41

  • Fed trims US rates, but cautious on further cuts

    Monsters and Critics - Washington - The Federal Reserve cut the benchmark US interest rate Wednesday for the second time in six weeks, seeking to ... economy that might otherwise arise' from the turmoil in credit markets triggered by growing defaults on US home mortgages. ...
    2007-10-31 02:14:00

  • U.S. Economy: Growth Unexpectedly Accelerated (Update4)

    Bloomberg - The collapse in subprime lending caused the average rate on one-year adjustable mortgages to shoot up to 5.84 percent in late ... The report's price index rose at a 0.8 percent annual rate after a 2.6 percent second-quarter rise. Consumer ...
    2007-10-31 02:07:00

  • Economy Demonstrates Vigor Despite Credit Woes

    NPR News - That was down a bit from a 0.9 percent increase posted in the second quarter but marked a solid showing. Still, the carnage in the housing meltdown has been painfully felt, especially in the area of higher-risk "subprime" mortgages made to people with ...
    2007-10-31 10:32:00

  • American Equity Reports Third Quarter 2007 Earnings

    MSN MoneyCentral - ... data released in August 2007, AEL climbed to a third place market share after sales hit $622.5 million in the second ... New investments during the third quarter included corporate bonds at an average yield of 6.45% and commercial mortgages at ...
    2007-10-31 12:55:00

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