Mortgage and Financial News From 2007-9-11 Page 17

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  • Earnings quality critical in making stock selections

    Chicago Tribune - Like mortgages, company earnings are not created equal. Second-quarter profits of the Standard & Poor's 500 companies rose by nearly 9 percent from the 2006 second quarter, well above the 6 percent increase analysts expected when the quarter began ...
    2007-09-11 03:17:00
  • Trade Deficit Declines Slightly

    Forbes - The deficit with China hit the second-highest level ever, reflecting strong demand for Chinese-made goods despite a string ... of the worst downturn in housing in 16 years and a serious credit crunch stemming from growing losses in subprime mortgages ...
    2007-09-11 07:42:00
  • Intesa Net Rises on Lending After Sanpaolo Purchase (Update2)

    Bloomberg - The second-quarter 2006 figures are an estimate of what the company would have reported had it included Sanpaolo's results. ``The group has no material exposure'' to U.S. subprime mortgages, the company said. Investments in securities linked ...
    2007-09-11 05:33:00
  • Debt worries become the chief reason citizens seek advice

    Guardian Unlimited - The CCCS chairman, Malcolm Hurlston, said that though problems related to unsecured lending on credit cards continued to grow, he detected a shift in lending by consumers to second mortgages. "The biggest problem today for consumer borrowers is no ...
    2007-09-11 01:08:00
  • Countrywide Shares Fall on Report Lender Needs Cash (Update2)

    Bloomberg - ... mortgage lender, fell as much as 5 percent in stock trading after the New York Post said the company is negotiating a second multibillion-dollar bailout. ``Countrywide is in desperate need of cash right now to continue funding mortgages, and ...
    2007-09-11 08:25:00
  • Countrywide Shares Fall After Report Lender Needs More Capital (Bloomberg.com)

    Sept. 11 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, fell almost 5 percent in early trading after the New York Post reported that a second multibillion-dollar bailout of the company is being negotiated.
    2007-09-11 06:48:46
  • Real Estate by Christie Smythe : High-cost mortgages go across racial lines (Arizona Daily Star)

    A recent study of racial disparities in home loans found that Tucsonans bought into a lot of high-cost loans last year — regardless of race.
    2007-09-11 12:21:55
  • Countrywide Shares Fall on Report Lender Needs Cash (Update1) (Bloomberg.com)

    Sept. 11 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, fell as much as 5 percent in stock trading after the New York Post said a second multibillion-dollar bailout of the company is being negotiated.
    2007-09-11 07:38:41
  • Countrywide Shares Fall on Report Lender Needs Cash (Update2) (Bloomberg.com)

    Sept. 11 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, fell as much as 5 percent in stock trading after the New York Post said the company is negotiating a second multibillion-dollar bailout.
    2007-09-11 08:38:28
  • Trade Deficit Declines Slightly in July (Washington Post)

    WASHINGTON -- The U.S. trade deficit declined slightly in July as record exports of farm goods, autos and other products offset a big jump in foreign oil prices. The deficit with China hit the second-highest level ever, reflecting strong demand for Chinese-made goods despite a string of high-profile...
    2007-09-11 05:59:30
  • Trade deficit declines slightly (AP via Yahoo! News)

    The U.S. trade deficit declined slightly in July as record exports of farm goods, autos and other products offset a big jump in foreign oil prices. The deficit with China hit the second-highest level ever, reflecting strong demand for Chinese-made goods despite a string of high-profile recalls.
    2007-09-11 07:37:57
  • Countrywide said to eye another bailout (CNN Money)

    Troubled mortgage lender Countrywide Financial is putting together its second multi-billion dollar bailout plan in less than a month as it continues to face a cash crunch, according to a report published Tuesday.
    2007-09-11 06:45:43
  • Mortgage mayhem damages housing market

    Orange County Register - The call-it-what-you-want mortgage mayhem has the Orange County housing market in a ... by the loss of subprime lending that handled riskier borrowers and surging interest ... the same period of last year, the number of deals in the works dropped by only ...
    2007-09-11 08:04:00
  • ECB's Gonzalez-Paramo says efficient mkts can help stabilise financial ...

    Forbes - The ECB has a particular interest in seeing European financial markets which ... in recent weeks in a bid to ease tensions resulting from the US subprime mortgage ... Increased regulation would only be necessary in the absence of effective market ...
    2007-09-11 03:03:00
  • Housing downturn likely to last

    Dallas Morning News - In 2001, subprime mortgages accounted for only about 5 percent of the mortgage market. But motivated by the ... A jumbo mortgage – $417,000 or more – now has an interest rate that's almost a full percentage point higher than a ...
    2007-09-11 07:21:00