Mortgage and Financial News From 2007-10-5 Page 19

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  • Premarket Movers: Pozen Jumps

    Forbes - Paul, Minn., company posted a fiscal first-quarter profit late Thursday, but the top of its second-quarter forecast range ... quarter loss of up to 50 cents per share because of significant writedowns in its holdings in debt and subprime mortgages, and ...
    2007-10-05 06:16:00
  • Japan's Leading Index Falls on Stocks, Housing Starts (Update1)

    Bloomberg - Oct. 5 (Bloomberg) -- Japan's broadest indicator of the outlook for the world's second-largest economy fell in August as ... 225 Stock Average index slumped 3.9 percent to 16,569 in August after losses on securities linked to U.S. subprime mortgages ...
    2007-10-04 10:31:00
  • Merrill Lynch Says Credit Market Conditions to Adversely Impact Third ...

    Forbes - ... adjustments to its positions in two specific asset classes: collateralized debt obligations (CDOs) and sub-prime mortgages ... at the end of the third quarter of 2007, a net reduction of 42% from $53 billion at the end of the second ...
    2007-10-05 06:09:00
  • Goldstar Mortgage, top mortgage loan company specializing in home ...

    WebWire - However, Goldstar Mortgage (brokers) realizes that while the demand for new home loans, second (2nd) mortgages, and lines of credit (home equity lines) is steady, banks are simply unwilling to write the home mortgages / loans they did as recently as ...
    2007-10-05 06:24:00
  • Dubai port owner expects to raise $3.5 billion in IPO

    International Herald Tribune - ... DP World, the Dubai port owner with holdings from Britain to China, plans to raise as much as $3.5 billion in the second ... record level and investors speculated that the region would not be affected by the collapse in U.S. subprime mortgages. The ...
    2007-10-05 03:46:00
  • China's housing crunch

    Los Angeles Times - Last week, authorities bumped up interest rates for mortgages and upped the down-payment requirement to 40% from 30% for those buying second homes. But with many investors reportedly paying 100% cash for houses, the latest move isn't likely to have ...
    2007-10-04 11:50:00
  • Barratt, U.K. Builder Shares Fall as ABN Cuts Ratings (Update2)

    Bloomberg - ... until after construction is complete to combat falling visitor numbers to show homes, while Bovis is offering subsidized mortgages for the first three years and shared-ownership purchases. U.K. house prices were unchanged for a second ...
    2007-10-05 05:55:00
  • Harbinger fund bet against subprime debt and won

    International Herald Tribune - Falcone, 45, a former head of high-yield trading at Barclays Capital, expected bonds backed by subprime mortgages to lose value, and benefited as foreclosures hit a record level in the second quarter. His holdings of commodities like steel and copper ...
    2007-10-05 03:46:00
  • U.S. Treasuries Head for Second Weekly Gain Before Jobs Report

    Bloomberg - Treasuries Head for Second Weekly Gain Before Jobs Report By Lukanyo Mnyanda and Wes Goodman Oct. 5 (Bloomberg) -- U.S ... Borrowing costs surged suddenly during the third quarter as bonds tied to defaulted subprime mortgages tumbled. ...
    2007-10-05 03:10:00
  • Japan's Leading Index Falls on Stocks, Housing Starts (Update1) (Bloomberg.com)

    Oct. 5 (Bloomberg) -- Japan's broadest indicator of the outlook for the world's second-largest economy fell in August as housing starts slumped and the stock market tumbled.
    2007-10-04 10:47:58
  • Homebuilders Liquidate Assets as Threat to Survival Spurs Sales (Bloomberg.com)

    Oct. 5 (Bloomberg) -- When D.R. Horton Inc., the second- biggest U.S. homebuilder, couldn't sell the one-bedroom condominium in San Diego it listed for $349,800, the property was auctioned as a last resort for 37 percent less.
    2007-10-05 05:20:29
  • House OKs exemption on forgiven mortgages (San Jose Mercury News)

    WASHINGTON - Financial relief for homeowners facing foreclosure or in bankruptcy advanced in the House Thursday as the House approved legislation to help financially strapped homeowners.
    2007-10-05 01:54:14
  • Consultant to discuss reverse mortgages (The Iowa City Press-Citizen)

    Dee House, a reverse mortgage consultant, will be available from 2 to 4 p.m. Oct. 25 at Wells Fargo Bank, 327 Second St. in Coralville to answer questions from seniors who may be thinking about using a reverse mortgage.
    2007-10-05 01:27:25
  • Study: minorities get 'high-cost' mortgages (The Cincinnati Enquirer)

    A disproportionately large percentage of mortgages made to blacks and Hispanics last year met the government's definition of "high cost" loans, a new study says.
    2007-10-05 02:46:37
  • London shares firmer; NY up; Investors cautious ahead of key US jobs ...

    Forbes - ... the shocking 4,000-job decline in the previous month, which precipitated an interest ... leading the gainers yet again as hopes for a rescue bid for the troubled mortgage ... News and its third party content providers for your personal information only ...
    2007-10-05 01:30:00