Mortgage and Financial News From 2007-8-21 Page 4

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  • UK hedge fund manager Solent falls foul of credit market turmoil

    The Independent - The announcement from the London-based firm is the latest revelation in what analysts predict will be a dripfeed of bad news from banks, hedge funds, mortgage lenders and companies in related sectors, as their exposure to the credit crunch becomes ...
    2007-08-20 06:07:00
  • No bad news: Stocks coast

    Chicago Sun-Times - Stocks closed mostly higher Monday as investors appeared relieved that little bad news emerged about risky mortgages and shrinking credit markets. ... today following word that Capital One Financial Corp. plans to close its wholesale mortgage ...
    2007-08-21 08:55:00
  • TSX up, NY lower on mortgage sector woes, credit crunch

    Stockhouse Canada - TORONTO (CP) - A rise in the battered financial sector helped push the Toronto stock market to a higher open Tuesday morning. But New York markets were mainly lower as investors absorbed more bad news from the fallout of the subprime mortgage ...
    2007-08-21 03:29:00
  • COLUMN-Even Fed may not save our bacon this time: James Saft

    Reuters - The underlying bad loans in housing haven't gone away either. And with mortgage finance in a very severe credit crunch, the subprime problem will continue to spread, driving house prices lower and prompting still more defaults and consumer ...
    2007-08-21 06:27:00
  • London modestly lower as credit worries linger

    Marketwatch - LONDON (MarketWatch) -- London shares weakened modestly Tuesday morning, with financials including mortgage lender Northern Rock under pressure once more as investors eyed further developments in the credit markets. Banks were notably lower after the ...
    2007-08-21 11:25:00
  • Stocks Trade Lower as Credit Concerns Weigh On Markets

    CNBC - ... said Larry Levin, president of SecretsofTraders.com.  "It's actually taking the bad ... slashing a key U.S. bank lending rate on Friday, although concerns about a global credit shortage continued to linger. The latest to get hit by the U.S. mortgage ...
    2007-08-21 02:17:00
  • India Bonds May Reap 6.3 Percent, Merrill Lynch Says (Update2)

    Bloomberg - Ten-year bonds declined over the past four weeks, pushing up yields by about 18 basis points, as contagion from U.S. subprime mortgage defaults spread to credit markets, prompting banks globally to hold back funds. Of 10 local-currency ...
    2007-08-21 07:10:00
  • Credit markets in global shake up

    BBC News - Global credit markets are undergoing one of the most violent corrections in recent years as investors look to dodge problems in the US mortgage sector. ... The situation is so bad that central banks have been ...
    2007-08-21 03:50:00
  • Tuesday's Personal Finance stories

    Marketwatch - In our lead story, real-estate writer Amy Hoak looks at credit unions and their mortgage-lending practices and tells you how you might be able to take advantage as so many other lenders retrench. Read her coverage, plus take Paul B. Farrell's crash ...
    2007-08-21 06:20:00
  • The anti-Countrywide

    CNN Money - NEW YORK (CNNMoney.com) -- Mortgage companies have dominated the headlines lately, and the news has been uniformly bad, so it might be a bit of a ... the recent storm by focusing exclusively on the prime mortgage market - borrowers who have strong credit ...
    2007-08-21 07:53:00
  • GE Considers Selling Japanese Consumer-Credit Unit (Update3)

    Bloomberg - GE Considers Selling Japanese Consumer-Credit Unit (Update3) By Rachel Layne Aug. 21 (Bloomberg) -- General Electric Co., the ... GE's possible exit follows an increase in bad loans in Japan's $170 billion consumer-finance industry, after lawmakers and ...
    2007-08-21 09:31:00
  • Next victim of mortgage mess: Auto sales

    CNN Money - Troubles in U.S. subprime mortgage market spread to those with decent credit. CNN's Maggie Lake reports. Play video ... We're probably going to see some pretty bad (auto sales) numbers for the rest of the year," said Art ...
    2007-08-21 07:39:00
  • Stocks struggle amid credit concerns

    MSNBC - NEW YORK - Wall Street tottered in search of a direction Tuesday as more credit problems emerged, raising investors ... And, investors expected more layoffs after Capital One Financial Corp. said it was shuttering its GreenPoint Mortgage unit and ...
    2007-08-21 05:02:00
  • Credit markets in global shake up (BBC News)

    Global credit markets are undergoing one of their most violent and significant corrections in recent years.
    2007-08-21 12:06:40
  • The anti-Countrywide (CNN Money)

    Mortgage companies have dominated the headlines lately, and the news has been uniformly bad, so it might be a bit of a surprise to some investors that the best performer in the S&P 500 the last month is a lender.
    2007-08-21 08:16:29