Mortgage and Financial News From 2007-8-21 Page 5

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  • US Treasury chief says credit crunch will ease in time (AFP via Yahoo! News)

    US Treasury Secretary Henry Paulson expressed confidence Tuesday that the credit crunch roiling America's financial markets will ease over time as investors reprice risk.
    2007-08-21 03:31:23

  • Love and Credit Don't Mix (The Motley Fool via Yahoo! News)

    There's no arguing that, financially, twosomes have a leg up on their single competition. Couples get price breaks on insurance premiums, save money by splitting the cable and electric bills, and have built-in justification for buying the family-sized bag of Doritos. Scoring the best interest rates on big loans (to buy homes and cars) is more of a snap, too, since dynamic duos have two credit ...
    2007-08-21 05:59:09

  • Street glad for absence of bad news (Tacoma News Tribune)

    NEW YORK – Stocks closed mostly higher Monday as investors appeared relieved that little bad news emerged about risky mortgages and shrinking credit markets. Still, many on Wall Street continued seeking safety and pressed into shorter-term Treasurys.
    2007-08-21 08:24:38

  • 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. The market endured back-and-forth trading following a rally Friday that came in response to the Federal Reserve's decision to lower its discount rate.
    2007-08-21 09:19:15

  • Mortgage Crisis Affecting Credit Markets (Convenience Store News)

    As the crisis in the sub-prime mortgage market continues to unravel, the c-store industry is likely to see trickle-down effects similar to what the industry experienced in the late 90s -- the last time there was a major credit freeze.
    2007-08-21 11:11:20

  • TSX up, NY lower on mortgage sector woes, credit crunch (MSN Money 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 meltdown in the U.S.
    2007-08-21 03:01:59

  • Capital One Closes Wholesale Mortgage Unit

    MSN MoneyCentral - ... residential mortgage origination operations at its wholesale mortgage banking unit, GreenPoint Mortgage, effective immediately. Current ... to meet its contractual obligations to customers for loan commitments that are in the pipeline with rates ...
    2007-08-20 08:30:00

  • Paulson Tries to Calm Investors, Says Stability Will Return

    ABC News - ... saying it "will take some time" before the market emerges out of the current credit ... crunch that has slowed the market ever since the collapse of the subprime mortgage ... these owners will be unable to refinance their loans when higher interest rates ...
    2007-08-21 05:52:00

  • Thornburg Mortgage's IDR cut to 'CCC' from 'BB' on liquidity concerns ...

    Forbes - MUMBAI (Thomson Financial) - Fitch Ratings has downgraded Thornburg Mortgage Inc 's ... for Thornburg's ability to generate and maintain adequate liquidity under current ... should lenders cut off credit or reduce the available credit and advance rates ...
    2007-08-21 06:46:00

  • Paulson warns no quick fix for credit crunch

    Times Online - I have great confidence in the Fed,” he said. He also dismissed current turmoil ... borrowers who might be about to lose their homes because of rising interest rates ... as well as possible additional steps that can be taken to help stabilise mortgage ...
    2007-08-21 02:24:00

  • Gulf Banks show limited exposure to US subprime market - S&P

    Forbes - ... Services said the exposure of Gulf banks to US subprime mortgage-related instruments is generally limited. S&P said that the survey of the largest banks it rates in the Gulf Cooperation Council (GCC) region shows that knock-on effects of the current ...
    2007-08-21 03:50:00

  • Foreclosures mount, D.C. debates

    MSNBC - But supporters of more aggressive measures argue that the government may need to step in before the current mortgage mayhem ... Though 43 states have seen higher year-over-year foreclosure rates, more than half of the total has been concentrated ...
    2007-08-21 06:27:00

  • CONTINUED: Impact on Main St.?

    MSNBC - ... S. job market, strong consumer spending and a rapidly expanding global economy could limit the impact of the current mortgage ... Because they are federally insured, these loans typically charge lower interest rates because the risk to investors who ...
    2007-08-21 06:27:00

  • Fitch Places NovaStar's Subprime Servicer Rating on Rating Watch ...

    Forbes - Fitch will monitor developments including NFI's current efforts to raise capital, its corporate restructuring ... Fitch rates residential mortgage primary, master, and special servicers on a scale of 1 to 5, with 1 being the highest rating. Within ...
    2007-08-21 07:18:00

  • Countrywide Shares Rise on Talk of Buffett Purchase (Update1)

    Bloomberg - Aug. 21 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, rose as much as 12 percent on the New York Stock Exchange on speculation Warren Buffett may be interested in buying some of its units. Countrywide climbed $2.16 to ...
    2007-08-21 05:59:00

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