Mortgage and Financial News From 2007-10-19 Page 24
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Bad home loans cause loss for First Tennessee parent firm
Nashville Tennessean - Some of Middle Tennessee's largest banks are seeing their loans sour as the mortgage industry has crumbled across the country, which could continue to make it harder for homebuyers and builders to get loans. On Thursday, First Tennessee's parent ...
2007-10-18 11:55:00 -
Wachovia sues over Ameriquest loans
Raleigh News & Observer - CHARLOTTE - Wachovia is accusing Ameriquest Mortgage of selling it bad loans and is suing the company for at least $1 million, representing more fallout from the meltdown in the mortgage lending industry. The Charlotte bank said it paid Ameriquest ...
2007-10-19 12:09:00 -
Homeowners face challenging mortgage market
Reuters UK - ... Halifax (part of HBOS) and Abbey -- have also revamped their ranges, withdrawing higher-risk products such as loans of 100 percent or more of a property's value and self-certification mortgages, and streamlining their offerings. "The mortgage market ...
2007-10-19 12:59:00 -
Mortgage stress 'alarmist'
News.com.au - That equated to about 12,000 borrowers, with repayment arrears out of 5.5 million home loans nationwide in March 2007. "If there was mortgage stress, we'd see a lot more people falling into arrears and defaults and that's not happening,'' Mr Naylor ...
2007-10-18 10:57:00 -
MetroPCS Sues Merrill Over Risky Investment
Wall Street Journal - Such securities have fallen in value as a result of illiquid markets and rising defaults in subprime-mortgage loans to less credit-worthy borrowers. Some of Moneygram's CDOs also came from Merrill, people familiar with the matter said. Yesterday ...
2007-10-19 12:02:00 -
U.S. mortgage market risk up but not evenly-report
Reuters - The unit's most recent findings underscore, as expected, that in general many borrowers falling behind on subprime and Alt-A adjustable-rate mortgage loans, especially those originated last year, are at risk of heading into foreclosure. The ...
2007-10-18 03:55:00 -
Capital One Reports Loss From Closing Mortgage Unit
Washington Post - Capital One Reports Loss From Closing Mortgage Unit Delinquencies on the Rise For Credit Cards, Car Loans
2007-10-18 10:00:00 -
Chinese banks expected to post strong Q3 as mortgage loans, fees jump
Stockhouse Canada - HONG KONG (Thomson Financial) - Chinese banks are expected to report solid earnings when the major players kick off the third-quarter reporting season next week, buoyed by increased fee and commission income and solid mortgage loan growth, analysts ...
2007-10-18 10:22:00 -
Fall in home loans as the market cools
Daily Telegraph - Banks and building societies lent a total of £30?billion to home buyers in September, according to the Council of Mortgage Lenders. This was a 12 per cent fall on the month before, with home buyers shying away from the market in the summer. A fall ...
2007-10-18 10:57:00 -
Wachovia suing Ameriquest over loans (The Charlotte Observer)
Wachovia is accusing Ameriquest Mortgage Co. of selling it bad loans and is suing the company for at least $1 million, representing more fallout from the meltdown in the subprime mortgage lending industry. Ameriquest based in Orange, Calif., on Wednesday filed to move the case to federal court. Wachovia filed the suit in Charlotte Superior Court last month. The Charlotte bank said it paid ...
2007-10-18 10:57:29 -
Wachovia raps Ameriquest loans (The Charlotte Observer)
Wachovia Corp. says Ameriquest Mortgage Co. sold it bad loans and is suing the company for at least $1 million -- more fallout from the meltdown in the subprime mortgage lending industry. Ameriquest, once one of the nation's leading subprime lenders, on Wednesday filed to move the case to federal court in Charlotte. Wachovia filed the suit in Mecklenburg Superior Court last month. The Charlotte ...
2007-10-19 12:11:00 -
Wachovia sues over Ameriquest loans (The News & Observer)
Wachovia is accusing Ameriquest Mortgage of selling it bad loans and is suing the company for at least $1 million, representing more fallout from the meltdown in the mortgage lending industry.
2007-10-19 12:39:23 -
Bad home loans cause loss for First Tennessee parent firm (The Tennessean)
Some of Middle Tennessee's largest banks are seeing their loans sour as the mortgage industry has crumbled across the country, which could continue to make it harder for homebuyers and builders to get loans.
2007-10-19 12:09:42 -
The South Financial Group Reports Third Quarter 2007 Earnings
MSN MoneyCentral - Mortgage banking income declined $1.0 million compared with the prior quarter, as loan origination volumes slowed in ... might disagree as to the appropriateness of items comprising these measures and that different companies might calculate ...
2007-10-18 01:46:00 -
UnionBanCal Corporation Reports Third Quarter Earnings Per Share from ...
MSN MoneyCentral - Average residential mortgage loans increased $1.2 billion, or 10.2 percent; average commercial mortgage loans increased $0.7 billion, or 12.4 percent; and average construction loans increased $0.4 billion, or 19.1 percent, year over year ...
2007-10-18 02:01:00