Mortgage and Financial News From 2007-8-21 Page 3

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  • Mortgage lender tries to be reassuring (The Plain Dealer)

    Los Angeles- Countrywide Financial Corp., the nation's largest mortgage lender, sought to reassure customers Monday that the problems dogging its mortgage operations were not affecting its banking unit.
    2007-08-21 01:24:00
  • Troubled Tucson-based mortgage lender files for bankruptcy (KVOA Tucson)

    TUCSON, Ariz. -- First Magnus Financial Corp. filed for bankruptcy Tuesday, less than a week after the Tucson-based national mortgage lender suspended its operations.
    2007-08-21 09:41:54
  • Top mortgage lender eliminates 500 jobs (Charleston Daily Mail)

    LOS ANGELES -- Countrywide Financial Corp., the nation's largest mortgage lender, said Monday it has eliminated about 500 jobs as it tries to ride out problems from a credit crunch that has rocked the home loan industry.
    2007-08-21 01:31:10
  • Nation's Largest Mortgage Lender Cuts 500 Jobs (CBS 2 Los Angeles)

    Countrywide Financial, the nation's largest mortgage lender, says it has eliminated about 500 jobs across the country as it tries to ride out problems from a credit crunch that has rocked the home loan industry. SLIDESHOWS: View The Day's Top Photos VIDEO: Watch The Latest News
    2007-08-21 03:00:00
  • Mortgage lender First Magnus files Chapter 11 (Washington Post)

    NEW YORK (Reuters) - First Magnus Financial Corp, one of the largest independent U.S. mortgage lenders, filed for Chapter 11 bankruptcy protection on Tuesday, the latest home loan provider to collapse as the housing market slumps and credit crisis widens.
    2007-08-21 09:04:56
  • Key: Speech to New Zealand Contractors Federation

    Scoop - Not only have house prices increased but the cost of serving a mortgage has also skyrocketed in recent years. During the ... It would go so far as to require builders to calculate the “embodied energy” used to produce, for example, each piece of ...
    2007-08-20 09:20:00
  • HARVARD BUSINESS REVIEW

    Harvard Business Review - Why Transformation Efforts Fail Leadership Lessons from the Mortgage Implosion How to Get Others Involved Leadership & Managing ... But many managers can't read a balance sheet, wouldn't recognize a liquidity ratio, and don't know how to calculate return on ...
    2007-08-21 01:41:00
  • Investors Hope for Smoother Week

    Washington Post - A week ago, investors were going back and forth about how widespread the fallout would be from mortgage defaults and tighter overall credit, in part because the Fed had weighed in and didn't seem alarmed. Investors will still be trying to calculate ...
    2007-08-19 05:47:00
  • How to calculate your Social Security benefits

    Austin American-Statesman - How to calculate your Social Security benefits Tuesday, August 21, 2007 Q: I am 56. I retired after 30 years of teaching, at the ... We own a waterfront lake house worth about $350,000 with no mortgage, a house for my mother worth about $75,000 with no ...
    2007-08-21 01:02:00
  • State home sales perk up

    Boston Globe - The Warren Group, which uses a different method to calculate data than the realtors group, said that the July median price ... the Bay State's home market will continue to experience significant softness in the months ahead, with tightening mortgage ...
    2007-08-21 07:25:00
  • Calculating comfortable retirements (The Cincinnati Post)

    DEAR BRUCE: What is the correct amount to set as a goal for retirement? What components are included in the calculations? - P.T., via e-mail
    2007-08-21 12:16:04
  • Three Quality Businesses: Attention Bargain Hunters (Seeking Alpha via Yahoo! Finance)

    Mike Edwards submits: The value of a business is determined by what a company earns and what it expects to earn in the future, discounted back to the present by a discount rate. Prices paid for a companys stock are determined by the supply and demand in the market for those shares.
    2007-08-21 08:40:29
  • BUSINESS OPINION (St. Petersburg Times)

    The selling panic that is rocking equity markets is unlikely to topple the global financial system. Investors worry that financial institutions will curb lending in response to the subprime mortgage crisis in the United States.
    2007-08-20 07:45:26
  • How to calculate your Social Security benefits (Austin American-Statesman)

    Q: I am 56. I retired after 30 years of teaching, at the age of 52. I plan to take Social Security at age 62. My understanding is that for the 10 years I will have been retired and not contributed to Social Security, the benefit I get will be decreased a small percent for each of those 10 years.
    2007-08-21 01:07:00
  • Flight To T-Bills Grounds Stocks

    Forbes - U.S. stocks traded lower Tuesday after a flight to quality in the credit markets ... wince at anything with even the whiff of contagion from the crisis in the mortgage ... The major stock-market indexes were hampered Tuesday by more bad news from a ...
    2007-08-21 06:35:00