Mortgage and Financial News From 2007-11-12
Previous Day: 2007-11-11
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Deutsche Bank's Mike Mayo estimates as much as $400 billion in credit ...
CNBC - NEW YORK - Bad mortgage debt may cost banks as much as $400 billion by the time the credit crisis has run its course, a widely tracked Wall Street analyst wrote in a research report Monday. The major banks have recorded $43 billion in charges ...
2007-11-12 06:04:00 -
Stock futures flat after tumble last week (AP via Yahoo! News)
Stock futures pointed to a flat open Monday as investors braced for potentially more bad news from some of the nation's banks amid the continuing credit crisis. Last week, the Dow dropped 4.06 percent and the S&P 500 tumbled 3.71 percent. The technology-focused Nasdaq, which often trades with more volatility, plunged 6.49 percent.
2007-11-12 04:49:51 -
Stock futures fall after tumble last week (AP via Yahoo! News)
Stock futures are lower as investors brace for potentially more bad news from some of the nation's banks amid the continuing credit crisis. Last week, the Dow dropped 4.06 percent and the S&P 500 tumbled 3.71 percent. The technology-focused Nasdaq, which often trades with more volatility, plunged 6.49 percent.
2007-11-12 04:58:41 -
Asian shares slide on credit fears (Reuters via Yahoo! News)
Asian stocks tumbled on Monday after worries over more credit losses at financial firms and a steep fall in crude oil sent shudders through financial markets, bruising technology and energy shares.
2007-11-11 11:00:28 -
Bad Mortgage Debt May Cost Banks Up To $400 Billion -Deutsche Analyst (Nasdaq)
NEW YORK (AP)--Bad mortgage debt may cost banks as much as $400 billion by the time the credit crisis has run its course, a widely tracked Wall Street analyst wrote in a research report Monday.
2007-11-12 06:53:45 -
Stocks End Volatile Week With Huge Drop
WTOP Radio - Financial institutions took big hits during the last quarter as losses from subprime mortgages hurt their balance sheets, and these three companies were just the latest to report bad news that sent stocks lower. BofA said continued "market ...
2007-11-09 03:55:00 -
How does Fed ‘inject’ money into the system?
MSNBC - ... to short-term “repurchase agreements” (or repos) which means the party on the other end of the trade agrees to reverse ... But because the current breakdown in the credit markets is caused by bonds backed by subprime mortgages, those are the bonds ...
2007-11-11 12:18:00 -
Robert Samuelson: Recessions aren't necessarily all bad
Charleston Daily Mail - As lenders and investors have suffered losses on sub-prime mortgages -- loans to weaker borrowers -- they've tightened lending ... Today, a U.S. recession might also reverse the upward spiral of oil prices and trigger a faster -- and healthier -- drop in ...
2007-11-12 05:00:00 -
Interest hikes not the end of the line
The Australian - Look for lenders that offer reverse mortgages with a "no negative equity" pledge, which means the cost of the funds withdrawn cannot exceed the value of the property. Reverse, or shared, equity mortgages can be more useful than a conventional ...
2007-11-09 03:55:00 -
CBRE Realty Finance, Inc. Announces Third Quarter 2007 Results
MSN MoneyCentral - The loan portfolio was made up of 61.8 percent first mortgages and 38.2 percent structured debt. As of the date of this ... and revenue stream, e.g., leasing commissions and tenant improvement allowances; -- an adjustment to reverse ...
2007-11-12 03:56:00 -
North Street townhouses reverse urban decay
Morning Call - Another View North Street townhouses reverse urban decay By Bob Wittman November 12, 2007 ... Although thousands of working families in the Lehigh Valley qualify for mortgages in the $100,000 to $150,000 range, the ...
2007-11-12 04:10:00 -
Customer Service (News & Reporter)
***FORECLOSURES/BANK Repos*** 3 bedrooms, 1 bath, $12,569! 4 bedrooms, 1 bath, $14,900! More homes from $199 per month! Call for listings, 1-800-391-5228, Ext. S118 ($1.95 S&H).
2007-11-11 06:50:42 -
CBRE Realty Finance, Inc. Announces Third Quarter 2007 Results (PR Newswire via Yahoo! Finance)
CBRE Realty Finance, Inc. today reported results for the quarter ended September 30, 2007.
2007-11-12 04:00:00 -
7 Ways to Boost Your Retirement (KiplingerForecasts.com)
How to earn more money after you've retired
2007-11-12 05:41:54 -
Business Insight (The Salt Lake Tribune)
Reverse mortgages Mark W. Seegmiller, loan officer Mark Seegmiller is a reverse-mortgage loan specialist with Mountain America Credit Union, Woods Cross Branch.
2007-11-12 01:39:13