Mortgage and Financial News From 2007-10-5 Page 12

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  • THE FED: Half-Point Interest-Rate Cut May Be Enough, Fed's Kohn Says (Nasdaq)

    WASHINGTON (Dow Jones) -- The Federal Reserve's Sept. 18 interest-rate cut of half a percentage point may be enough to keep the U.S. economy from sinking as a result of the financial markets' recent turmoil, Fed vice-chairman Donald Kohn said Friday.
    2007-10-05 08:38:55
  • Real estate's growing pains

    Orange County Register - No mortgage making or building-supply efforts included in this real estate count! So ... Compare that boost to the rest of the U.S. major metro areas, where just 19 percent ... overall LA/OC pie as a percent; plus the '01-'05 percentage-point growth rates
    2007-09-26 05:54:00
  • Royal Mail walkout leaves post in chaos

    Times Online - The same people who whine about mortgage rates, gas and electric prices. What great benefit has privatisation brought to the ... you work another five years to get it AND we're going to make it smaller. So what if your post is delayed 7 days? Compare ...
    2007-10-03 05:53:00
  • Blue Cross creates site to compare medications

    Buffalo News - Blue Cross creates site to compare medications By Jonathan D. Epstein NEWS BUSINESS ... often unaware of the actual costs of medications and procedures because the rates ... offer plans for site in North Buffalo Great Lakes Bancorp has shut its mortgage unit ...
    2007-10-05 03:53:00
  • Home price forecast dips to $590,000 (Orange County Register)

    If the pattern holds, O.C. is headed toward the lowest prices since April 2005.
    2007-10-05 06:39:32
  • Local winners, losers in mortgage crisis

    Pacific Business News - Pasadena, Calif.-based IndyMac Bank resurrected the staffs of American Home Mortgage Co. and First Magnus Financial Corp., getting its mortgage subsidiary into the hard-to-enter Hawaii retail sector. The two bank-backed lenders both expressed ...
    2007-10-05 04:51:00
  • Solid jobs growth overshadows financial woes

    Los Angeles Times - Home & Garden ... would post a third-quarter loss after writing down $4.5 billion in collateralized debt obligations and subprime mortgage ...
    2007-10-05 09:58:00
  • Merrill Gets A Black Eye From Subprime

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... Merrill isn't the only investment firm left bloodied by the mortgage meltdown, but it eclipses many of its peers. Total ...
    2007-10-05 10:05:00
  • Barclays Drops ABN Bid, Clearing Way for Royal Bank (Update4)

    Bloomberg - The collapse of the U.S. subprime mortgage market has ravaged results at some of the world's biggest financial companies. New York-based Merrill Lynch & Co., the world's largest brokerage, will report its first quarterly loss in six years and today ...
    2007-10-05 11:24:00
  • Ahead of the Bell: Accredited Home

    Forbes - Amid problems in the mortgage industry and a legal battle, private equity firm Lone Star Fund V LP is expected to complete its takeover of troubled mortgage company Accredited Home Lenders Holding Co. The fund expects to close its tender offer for ...
    2007-10-05 04:08:00
  • 11 arrested in mortgage fraud schemes

    Miami Herald - In the first round-up of suspects under a new campaign to crack down on home loan fraud in Miami-Dade County, 11 people -- brokers, borrowers, sellers and title agents, were arrested in in three separate mortgage fraud schemes, police announced ...
    2007-10-05 09:44:00
  • U.S. mortgage bond prepayments decrease in September

    Reuters - Lower mortgage rates entice home loan refinancing, a key factor in prepayment speeds. JPMorgan expects prepayment speeds in October to increase by 12-15 percent due to additional calendar days and lower mortgage rates. © Reuters 2007. All ...
    2007-10-05 10:41:00
  • Credit Crunch Whacks WaMu

    Street.Com - ... liquidity and capital necessary to grow the company's businesses and support its current dividend." TheStreet.com Ratings reported in August that WaMu could face serious liquidity problems amid a sharp downturn in its bread-and-butter home mortgage ...
    2007-10-05 11:24:00
  • Wilbur Ross Is Winning Bidder for American Home Unit (Update2)

    Bloomberg - Oct. 5 (Bloomberg) -- Wilbur L. Ross Jr., the billionaire distressed-debt investor who's going into the mortgage business, won the bidding for the loan-servicing unit of bankrupt American Home Mortgage Investment Corp. with a $435 million offer ...
    2007-10-05 09:51:00
  • American Home scraps auction of business

    CNN Money - PHILADELPHIA (Dow Jones/AP) -- Bankrupt lender American Home Mortgage Investment Corp. has cancelled a scheduled Friday auction of its mortgage loan servicing business, and said it will seek court approval to sell the operation to billionaire ...
    2007-10-05 11:17:00