Mortgage and Financial News From 2007-11-12 Page 14

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  • Dollar Rises Most Since July 2006 as Investors Reduce Risks

    Bloomberg - Losses from the falling value of subprime mortgage assets may reach $300 billion to $400 billion worldwide, Deutsche Bank AG analysts said. The dollar touched a record low last week against its major trading partners. ``The dollar is ...
    2007-11-12 11:19:00
  • Blackstone chief talks of mortgage crisis ‘black hole’

    Financial Times - However, he said that subprime mortgage prices were reaching a point where they offered “real value”. Blackstone is more interested in buying mortgages themselves than home lenders, he said. Mr James also said that there were no signs of a slowing ...
    2007-11-12 12:38:00
  • EchoStar Bitten By Subprime Fallout

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... Bazinet said that he didn’t think subprime mortgage woes impacted overall pay television subscriber additions, but he ...
    2007-11-12 11:41:00
  • Blackstone Fizzles

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... equity markets were strong in the third quarter, investor jitters over the sagging U.S. housing market and subprime mortgage ...
    2007-11-12 12:09:00
  • Realtors(R) Welcome Home Parker Family of Las Vegas

    Forbes - Each home is sold at no profit and with a no-interest mortgage to local working families who otherwise might be forced to live in substandard housing. These families contribute "sweat equity" by helping in the construction of their own homes. For ...
    2007-11-12 10:51:00
  • NAR Celebrates 100 Years of Bringing America Home

    Forbes - FHA pioneered the long-term amortization that today allows millions of middle-income borrowers to buy a home. In 1938, when the Federal National Mortgage Association was created, which is now known as Fannie Mae, NAR achieved another long-sought goal ...
    2007-11-12 11:19:00
  • Moody's downgrades or places on review $14 billion in bonds backed by ...

    CNBC - NEW YORK - Moody's Investors Service said Monday it cut or is considering cutting the credit rating on roughly $14 billion in bonds whose collateral is home loans issued by Impac Mortgage Holdings Inc. The credit-rating agency downgraded 64 tranches ...
    2007-11-12 12:31:00
  • Moody's Downgrades Impac-Backed Bonds (AP via Yahoo! Finance)

    Moody's Investors Service said Monday it cut or is considering cutting the credit rating on roughly $14 billion in bonds whose collateral is home loans issued by Impac Mortgage Holdings Inc.
    2007-11-12 12:30:43
  • Dream Home or Dream On? Part I (WVLT-TV Knoxville)

    Has the mortgage meltdown trickled into east Tennessee?
    2007-11-12 12:30:40
  • Banks could lose $442bn in mortgage defaults (Daily Telegraph)

    BANKS worldwide may lose as much as $US400 billion ($442 billion) from subprime mortgages, as at least one in four of the risky home loans go into default, analysts said overnight.
    2007-11-12 12:15:00
  • Lehman downgrades Fannie, Freddie (CNN Money)

    Analysts at firm cite deterioration in housing market, credit concerns. NEW YORK (AP) -- A Lehman Brothers analyst downgraded shares of mortgage companies Fannie Mae and Freddie Mac on Monday, expecting lower home prices to cause continued turmoil in the credit markets.
    2007-11-12 06:11:10
  • Allied Home Mortgage Capital Corporation Opens New Branch Office in Frisco (PrimeNewswire via Yahoo! Finance)

    FRISCO, Texas, Nov. 12, 2007 -- Allied Home Mortgage Capital Corporation has opened a new branch in Frisco, Texas. The branch is one of many in the city and in the state.
    2007-11-12 08:29:13
  • ECB calls refi, says banks require 162.0 bln eur to meet reserve needs

    CNBC - This "benchmark" allotment figure takes account of banks' current account holdings with national central banks and ... Bids with the highest interest rates will be satisfied first and bids with successively lower interest rates will be accepted ...
    2007-11-12 06:55:00
  • Norcraft Holdings, L.P. and Norcraft Companies, L.P. Report Third ...

    Forbes - ... related deferred issuance costs, debt issuance amortization, and related interest ... ASSETS 2007 2006 2007 2006 Current assets ... 22,444) (14,922) (22,925) (14,935) Effect of exchange rates on cash ...
    2007-11-12 09:46:00
  • Lincoln Financial Group Announces Sale of Television, Sports, and ...

    Forbes - ... new decisions that result in changes in law; and (d) unexpected trial court rulings; -- Changes in interest rates ... Lincoln's annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and other documents ...
    2007-11-12 10:01:00