Mortgage and Financial News From 2007-10-19 Page 21
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China may use more, bigger rate moves to curb cash
Economic Times - The bank has also raised interest rates on some mortgages and increased the minimum deposit on second homes to curb speculation and cool prices. Zhou, 59, as central bank governor since December 2002 presided over the nation’s first change in ...
2007-10-19 12:16:00 -
Stocks flat after poor Bank of America earnings
MSNBC - ... members of the Standard & Poor’s 500 index have reported quarterly results so far this week. Most of the attention has been on the nation’s biggest banks, which reported mostly disappointing results on write-downs from leveraged loans, mortgages ...
2007-10-18 02:44:00 -
Poly's Shares Gain Most in a Week on Profit Forecast (Update1)
Bloomberg - Oct. 19 (Bloomberg) -- Poly Real Estate Group Co., China's second-largest developer by market value, rose by the most in ... The central bank last month raised interest rates on some mortgages and increased minimum down payments to cool the market ...
2007-10-19 02:25:00 -
Fifth Third Bancorp Reports Third Quarter 2007 Earnings Of $0.71 Per ...
MSN MoneyCentral - ... of $376 million, or $0.71 per diluted share, compared with $376 million, or $0.69 per diluted share, in the second ... Third quarter 2007 results included the impact of $3 million in mark-to-market losses on $470 million of jumbo mortgages and ...
2007-10-19 03:44:00 -
U.S. Treasuries Rise; Housing Slump Stokes Rate-Cut Speculation
Bloomberg - Rising credit costs and losses on subprime mortgages helped fuel declines at the two biggest U.S. banks in the third quarter. Bank of America Corp., the second-largest U.S. bank, yesterday said earnings fell 32 percent after trading losses, renewing ...
2007-10-19 04:34:00 -
U.K. Stocks Decline, Led by WPP, AstraZeneca, HSBC; BP Rallies
Bloomberg - Oct. 19 (Bloomberg) -- U.K. stocks dropped, paced by WPP Group Plc after the world's second-biggest advertising agency ... Asia operation is delivering its best growth in 10 years, HSBC will probably report further losses on U.S. subprime mortgages ...
2007-10-19 01:28:00 -
WHAT'S NEXT -- SECOND ACTS
BusinessWeek - As GE unloads what's left of her financial firm, Amy Brandt rocks on—in music and mortgages Way back in 2004, when subprime mortgages were a can't-miss proposition, Amy Brandt was a superstar. Her success in turning a struggling wholesale lender ...
2007-10-18 10:07:00 -
Bank of America profit plunges 32%; Wall St. shocked (USA Today)
Bank of America, the second-largest U.S. bank, said Thursday that third-quarter profit fell 32%, much worse than expected, hurt by mounting credit losses and poor trading results in its investment banking unit.
2007-10-18 08:45:53 -
U.K. Stocks Decline, Led by WPP, AstraZeneca, HSBC; BP Rallies (Bloomberg.com)
Oct. 19 (Bloomberg) -- U.K. stocks dropped, paced by WPP Group Plc after the world's second-biggest advertising agency posted sales growth that missed analysts' estimates.
2007-10-19 01:46:56 -
Subprime cowboys (Boston Globe)
Why did so many home buyers - a disproportionate percentage of them black and Hispanic - wind up with high-rate subprime mortgages when they could have qualified for far better deals? The sad, short answer: The system worked exactly way it was built to work.
2007-10-19 02:45:43 -
Timely Payments on New Mortgages Rise (WallStreet Journal via Yahoo! Finance)
More people are managing to keep up with payments on mortgages made in recent months, a study found, reflecting more-conservative lending policies.
2007-10-18 09:07:31 -
High-end houses end up on auction block
Cincinnati Enquirer - Owners of low- to mid-priced houses aren't the only ones losing their homes to foreclosure ... Karwisch put $330,000 down and took out a 30-year, fixed-rate mortgage for $1.32 million from Fifth Third Bank at 6 percent interest.
2007-10-19 02:25:00 -
It's All Bill's Fault!
Slate - They only think their blogs are important enough to censor! ... 1:39 P.M. ... economist/blogger Tyler Cowen said he didn't think the subprime mortgage crisis was ... her TV job when Telemundo assigns her to Riverside to avoid a conflict of interest ...
2007-10-19 02:25:00 -
Asian markets to ease next week as spike in oil price ignites growth ...
Forbes - The Chinese have raised interest rates five times this year and will likely raise ... economic indicators and earnings amid lingering worries about the subprime mortgage ... News and its third party content providers for your personal information only ...
2007-10-19 02:47:00 -
Metals - Gold, platinum hit fresh highs on dollar weakness, strong oil ...
Forbes - ... funds into safer, low-yielding assets amid growing fears the sub-prime mortgage ... prices still look well supported by dollar weakness and healthy investment interest ... News and its third party content providers for your personal information only ...
2007-10-19 03:15:00