Mortgage and Financial News From 2007-9-7 Page 8
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Italian Mins To Meet Sept 13 To Assess Subprime Impact-Source (Nasdaq)
ROME (MF-Dow Jones)--Italy's Economy Ministry has called a meeting Sept. 13 with the heads of Italian insurance, stock market and banking regulators to assess the market impact of the U.S. subprime mortgage crisis, said a person familiar with the situation Friday.
2007-09-07 11:25:53 -
The Hyperion Brookfield Strategic Mortgage Income Fund, Inc. Dividend Declaration (Marketwire via Yahoo! Finance)
The Board of Directors of the Hyperion Brookfield Strategic Mortgage Income Fund, Inc. declared a monthly dividend of $0.090 per share, payable on September 27, 2007 to shareholders of record on September 18, 2007.
2007-09-07 02:01:00 -
Farmers struggle with insurance costs (The Charlotte Observer)
The cost of health care in the U.S. is putting a pinch on many family farmers and ranchers who struggle to pay high premiums and out-of-pocket expenses, a new report has found. About 90 percent of the more than 2,000 farmers and ranchers who were surveyed said they had some sort of health coverage, according to the 2007 Health Insurance Survey of Farm and Ranch Operators released Thursday. ...
2007-09-07 12:35:34 -
Fitch Rates Florida HFC's $100MM Mortgage Revenue Bonds 'AA+' (Business Wire via Yahoo! Finance)
NEW YORK----Fitch Ratings has assigned an 'AA+' rating to Florida Housing Finance Corporation's $100 million homeowner mortgage revenue bonds, 2007 series 5. The bonds are expected to be sold through negotiation the week of Sept. 10 by a Bear, Stearns & Co.
2007-09-07 02:45:00 -
US mortgage giant to cut 12,000 jobs (Straits Times)
WASHINGTON - TROUBLED US mortgage giant Countrywide Financial said on Friday it was planning to cut up to 12,000 jobs in coming months amid a worsening housing slump and a wave of home foreclosures.
2007-09-07 03:26:59 -
'Die Broke' expert likes insurance (Bankrate.com via Yahoo! Finance)
Financial expert Stephen Pollan, author of "Die Broke" and "Live Rich," believes insurance is an essential component of personal finances.
2007-09-07 03:00:00 -
UK lenders toughen checks on borrowers
Financial Times - Borrowers are facing tougher credit checks as lenders try to minimise the risk of defaults following August’s market turmoil. Subprime mortgage lenders have been quick to raise interest rates in recent weeks and, while rates for mainstream ...
2007-09-05 02:16:00 -
IndyMac Bancorp to cut 1,000 jobs
National Post - NEW YORK (Reuters) - IndyMac Bancorp Inc , one of the largest independent U.S. mortgage lenders, plans to cut 1,000 jobs and halve its dividend, and may report its first quarterly loss in more than eight years, as defaults climb and loan volumes ...
2007-09-07 12:40:00 -
MORTGAGE MAYHEM: Study shows foreclosures rising Nevada one of states ...
Las Vegas Review Journal - ... here is a joke ..still plenty of money to be made in vegas on real estate...simply buy these foreclosures and sell for profit!!! refi biz good as well..many homes w/ equity which makes credit score irrelevant means huge profit to mortgage lenders ...
2007-09-07 12:40:00 -
US jobs data in shock fall
Guardian Unlimited - With house prices already falling in many American cities and with several mortgage lenders having gone bust, talk has been growing that the world's largest economy could soon head into recession. Friday's payrolls data suggested it may already be ...
2007-09-07 12:40:00 -
Jobs Report Makes a 2008 GOP Win Less Likely
US News and World Report - There are a lot of crybabies in Connecticut and Manhattan, and there are mortgage lenders around the country who used securities and loans and then sold them, and that's why the crying is occurring. When you really look at real economic activity ...
2007-09-07 12:40:00 -
IndyMac sees possible loss in 3Q
BusinessWeek - Mortgage lenders rely on secondary markets to either sell mortgages or borrow money to make future loans. Without the funding from the capital markets, lenders often have minimal cash to continue operating. Investors have not shied away from ...
2007-09-07 12:19:00 -
Is WaMu Out on Ledge?
Wall Street Journal - With its share price down more than 20% so far this year, Washington Mutual Inc. ought to be a textbook buying opportunity for investors hunting for major mortgage lenders that are down but not out. WaMu has "good liquidity," or diverse sources of ...
2007-09-07 12:40:00 -
Mortgage foreclosures set a record (USA Today)
The Mortgage Bankers Association said Thursday that lenders began foreclosure proceedings on a record number of homes this spring.
2007-09-07 08:08:35 -
Poll: Blame lenders for mortgage woes (Rochester Business Journal)
Rochester Business Journal September 7, 2007 Nearly two-thirds of RBJ Daily Report Snap Poll respondents say lenders are more to blame for the mortgage market’s woes than borrowers.
2007-09-07 01:12:47
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