Mortgage and Financial News From 2008-1-1 Page 32
Previous Day: 2007-12-31
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Housing, Financial Junk Bonds Perform Worst in 2007 (Update1)
Bloomberg - Dec. 31 (Bloomberg) -- Bonds of high-yield, high-risk housing and financial companies delivered the worst returns this year on losses tied to subprime mortgage defaults. Bonds of housing-related companies such as Florida homebuilder Tousa Inc. and ...
2007-12-31 12:44:00 -
More families face home foreclosure in Orlando area in 2008
Orlando Sentinel - But they got money from mortgage companies who gambled, too, Johnson said. "For a period of time there, all you needed to qualify for a [home] loan was a pulse," he said. Circuit Judge Mark Hill said some people even borrowed money for their down ...
2008-01-01 04:58:00 -
Shares hurt by tax selling may rebound in 2008
Reuters - Home builders, mortgage companies and banks were among the biggest losers in 2007 as the subprime crisis dried up lending, falling home prices and rising foreclosures hit home sales, and spoiled mortgage-related holdings forced multibillion dollar ...
2007-12-31 02:53:00 -
Officials dispute concerns
Northwest Arkansas News - Rash said mortgage companies will then overreact by requiring flood insurance. He said mortgage companies won’t consider protection provided by each levee because they won’t have time to gather information from “a million different levees.” A ...
2008-01-01 03:39:00 -
Local companies suffered in 2007
The Columbus Dispatch - Housing-sector problems are beginning to sound like a modern-day El Nino: the cause of everything bad. The subprime mortgage crisis that began this past summer resulted in a tough year for many central Ohio companies on Wall Street, with only a ...
2008-01-01 03:54:00 -
Tax changes to benefit S.C. homeowners in ’08
The State - Nathan Ballentine, R-Lexington, said mortgage companies soon should begin notifying customers, sending out what is known as an analysis statement. Homeowners, Ballentine said, can take a one-time refund or make an extra mortgage payment. “Generally ...
2008-01-01 03:11:00 -
For stocks, bad news just kept on coming
Houston Chronicle - The clear losers this past year were home builders, mortgage companies and the American consumer, who suffered as the housing market came in worse than expected, said John Silva, chief economist at Wachovia Securities. "Those were the real ...
2008-01-01 04:08:00 -
Bullish Bay Area companies end year (Contra Costa Times)
Two East Bay life sciences companies posted the best 2007 stock price performance among Bay Area public companies. Emeryville-based Onyx Pharmaceuticals Inc.
2008-01-01 03:28:38 -
Carolinas companies happy to see 2007 go (The Charlotte Observer)
Carolinas companies had a disappointing year on Wall Street in 2007, many of them slumping amid the housing and consumer credit crisis along with high gas prices and rising interest rates. The big losers: banks and retailers. The average total return -- taking into account dividends and share price appreciation or depreciation -- for 50 of the biggest N.C. and S.C. firms was a negative 7.35 ...
2008-01-01 04:20:55 -
REALTORS: Existing-Home Sales Rise in November, Market Likely ...
HuntingtonNews.Net - ... DC (HNN) -- Existing-home sales rose slightly in November, indicating a stabilization in housing in the wake of mortgage ... NAR President Richard Gaylord, a broker with RE/MAX Real Estate Specialists in Long Beach, Calif., said that Congress should ...
2008-01-01 03:03:00 -
Bradford & Bingley banking on growth
Edinburgh News - It put its Charcol mortgage broker business up for sale, along with other aspects of its estate agency operations, including Scottish chain Slater Hogg & Howison. In June, B&B also announced it was cutting 600 jobs at its core business - about 15 per ...
2007-12-28 03:54:00 -
Hawaii fans jump through hoops to get to New Orleans
Austin American-Statesman - A Honolulu mortgage broker, Onikama left Honolulu on Saturday at 9 a.m. on a four-hour flight to Los Angeles. In L.A., he switched planes for a two-hour flight to Phoenix, where he had another connection to Houston. After arriving in Houston at 2:30 ...
2007-12-31 10:46:00 -
18 killers from 2007 still at large
News-Press - These 18 include the killer of Trina Emshoff. Emshoff, a mother and former mortgage broker, was found strangled and beaten in a vacant lot in Fort Myers in July after what police believe was a drug-related dispute. Also on the loose is the killer of ...
2007-12-31 10:03:00 -
Here's a to do list for New Year
Chicago Sun-Times - CHECK YOUR MORTGAGE. Plan to pay extra every month to pay it off early, and save a fortune in interest. If your rate is ... You can talk over the phone to get unbiased, safe advice. SECURE YOUR IDENTITY. I recommend www.identitysweep. com, a group I ...
2007-12-31 11:47:00 -
Wall Street's winners and losers of 2007
Charlotte.com - CEOs retired suddenly as declining mortgage holdings shrunk their banks' assets by billions of dollars, but both men managed ... Investment advice from Sam Zell. WINNER: Jamie Dimon Dimon, who was pushed out of Citigroup in a power play, proved that an ...
2007-12-31 11:36:00
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