Mortgage and Financial News From 2008-6-18 Page 8
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BanxQuote Jumbo-Conforming Mortgage Spread Measures 1.36 Percent ... - Forbes
WHITE PLAINS, N.Y., June 18 /PRNewswire/ -- The uncharacteristically high spread between 30-year fixed rate jumbo and conforming mortgages measured 1.36 percent this week, according to the BanxQuote Index, with the national average 30-year fixed rate ...
2008-06-18 04:03:00 -
Taxpayer Groups Sign Coalition Letter Opposing Dodd-Countrywide ... - Forbes
As the Dodd-Countrywide mortgage bailout bill comes to the Senate floor this week for debate, leading taxpayer advocates stand in opposition to the legislation. The Dodd-Countrywide bill would create $300 billion in new taxpayer liabilities, allow ...
2008-06-18 09:54:00 -
Mass. AG settles with mortgage lenders to tune of $1.8M (Boston Business Journal)
The Massachusetts Attorney General's office said Wednesday it has settled with ten mortgage lenders and servicers associated with fraudulent foreclosure rescue scams run by a Brockton attorney.
2008-06-18 10:11:43 -
Company funded luxury Queenstown projects (The New Zealand Herald)
Three large apartment projects in the volatile Queenstown property area have drawn funding from Dominion Finance.
2008-06-18 10:12:20 -
Morgan Stanley second-quarter profit falls 61 percent (San Jose Mercury News)
NEW YORK - Morgan Stanley today said fallout from the credit crisis caused a 61 percent slide in quarterly profit, an amount that would have been steeper if the investment bank didn't sell about $1.
2008-06-18 10:16:31 -
Sector Snap: Regional Banks slide (AP via Yahoo! Finance)
Shares of regional banks tumbled Wednesday afternoon as Fifth Third Bancorp said it needs to raise cash to shore up its capital base, adding to concern surrounding deterioration in mortgage and credit markets.
2008-06-18 10:16:33 -
Prudential teams with Wells Fargo mortgage unit (The Business Journal of Jacksonville)
Prudential Network Realty and an affiliate of Wells Fargo Bank have partnered to form a mortgage services company.
2008-06-18 10:18:11 -
Weak markets send Morgan Stanley's profit down 58 percent (International Herald Tribune)
The decline in earnings was mostly the result of a poor showing for the firm's institutional securities unit, traditionally a profit engine.
2008-06-18 10:18:15 -
Morgan Stanley earnings plunge despite asset sales (Reuters via Yahoo! News)
Morgan Stanley on Wednesday said quarterly earnings dropped by more than 50 percent on trading losses and a slowdown in investment banking, even after the investment bank realized $1.43 billion of pretax gains from asset sales.
2008-06-18 10:18:17 -
Canadian Stocks Fall From Record, Led by TD Bank; RIM Advances (Bloomberg.com)
June 18 (Bloomberg) -- Canada's main stock index slipped from a record, led by Toronto-Dominion Bank and other financial companies, after U.S. rival Morgan Stanley's profit fell by half.
2008-06-18 10:19:08 -
Countrywide moves in with Solera National Bank (Denver Business Journal)
Solera National Bank has a joint marketing agreement and partnership in place with Countrywide Home Loans, the company said Wednesday.
2008-06-18 10:19:11 -
Ambac asks Fitch to remove credit ratings (INO News)
(AP:NEW YORK) Ambac Financial Group Inc. has asked Fitch Ratings to no longer rate its creditworthiness, the bond insurer said Wednesday.
2008-06-18 10:21:59 -
New Guidelines For Mortgage Industry (19 Action News Cleveland)
USA - The mortgage industry has reached a major agreement on guidelines that will speed up efforts to help homeowners in trouble.
2008-06-17 07:40:01 -
County offering advice to homewners in peril (The Trenton Times)
Homeowners facing foreclosure or having trouble making their mortgage payments are urged to attend to two free information sessions arranged by Mercer County on June 26 and July 21.
2008-06-17 09:28:43 -
SAS reservists and servicewoman killed in Afghanistan - Times Online
Four British soldiers in Afghanistan, including the first woman to die in action and three SAS reservists, have been killed when their vehicle struck a roadside mine. The Ministry of Defence said that the troops were taking part in an operation east ...
2008-06-18 05:58:00