Mortgage and Financial News From 2008-2-12 Page 42

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  • Asia Day Ahead: Buffett Offers to Assume $800 Billion Muni Debt

    Bloomberg - Feb. 13 (Bloomberg) -- U.S. stocks rose a second day, led by financial shares, on expectations Warren Buffett will help ... The world's largest financial companies have incurred $146 billion in losses from securities tied to subprime mortgages, and ...
    2008-02-12 12:15:00
  • Federal government is set to announce new plan to help at-risk ...

    Minneapolis Star Tribune - WASHINGTON - At-risk borrowers with all types of mortgages, not just high-cost subprime loans, could be eligible for help ... lenders, investors and nonprofit groups, said last week that it helped nearly 8 percent of subprime borrowers in the second ...
    2008-02-12 05:56:00
  • Miller Says Microsoft Needs to Enhance Yahoo Offer (Update2)

    Bloomberg - Feb. 12 (Bloomberg) -- Legg Mason Inc. fund manager Bill Miller, the second-biggest shareholder of Yahoo! Inc., said ... in homebuilders and financial companies such as Countrywide, which tumbled as U.S. delinquencies on subprime mortgages rose to ...
    2008-02-12 12:08:00
  • Rock your world

    Monterey County Herald - Jewelry has been around for a long time. In the old days, 100,000 years or so ago, people festooned various body parts with beads or bones or animal teeth. They didn't take out second mortgages and go to Harry Winston, but they were basically on the ...
    2008-02-12 01:16:00
  • Secured Loans: A Detailed View

    Best Syndication - Some of the common secured loans are home equity loan, mortgage loan, debt consolidation loan and second mortgages. Under this type of loan, the borrower transfer the ownership of the security in favour of the lender for a definite (loan) period as ...
    2008-02-12 11:53:00
  • IndyMac Records First Annual Loss

    Newsday - Our goal is to return IndyMac to profitability in (the second quarter) and grow our profit each quarter thereafter, and I believe that we have a realistic shot of achieving this goal." The company suspended its dividend to gird against credit costs. ...
    2008-02-12 06:53:00
  • Wall Street upbeat on word of mortgage-fix program

    Detroit News - Switzerland's second largest bank said its debt tied to subprime mortgages, those given to borrowers with poor credit, fell to 1.6 billion francs ($1.45 billion) from 3.9 billion francs at the end of September. Its fourth-quarter net profit fell 72 ...
    2008-02-12 09:30:00
  • IndyMac Posts Loss, Says It Has Adequate Reserves (Update4)

    Bloomberg - Perry said in an interview last month that IndyMac has a ``good shot'' at rebounding from losses in 2007 and posting a profit in the second half of this year. Falling interest rates on home mortgages may encourage homeowners to refinance and boost ...
    2008-02-12 12:22:00
  • More Options for Renegotiating Mortgages

    Street.Com - The group has been criticized for focusing its efforts mainly on subprime adjustable-rate mortgages. Hope Now has released revised figures stating that 545,000 subprime mortgage borrowers were helped in the second half of 2007, along with 324,000 ...
    2008-02-12 09:02:00
  • Program will help homeowners facing foreclosures

    Los Angeles Times - The letters will be sent to holders of all kinds of loans: prime mortgages to borrowers whose credit was good, second mortgages, sub-prime loans to high-risk borrowers and alt-A loans (a category between prime and sub-prime). The companies involved in ...
    2008-02-12 10:20:00
  • IndyMac records first annual loss - Houston Chronicle

    IndyMac records first annual lossHouston Chronicle, United States - 1 hour agoSix of the nation's largest financial institutions taking part, which service almost 50 percent of the nation's mortgages, will contact homeowners who are ...
    2008-02-12 11:36:19
  • Lenders unveil effort to reach homeowners facing foreclosure - Bizjournals.com

    Lenders unveil effort to reach homeowners facing foreclosureBizjournals.com, NC - 56 minutes agoSix mortgage servicers -- including several of the biggest lenders in South Florida -- along with the US Department of the Treasury on Tuesday announced a ...
    2008-02-12 11:52:46
  • Property crash "now inevitable" - Newstalk ZB

    Property crash "now inevitable"Newstalk ZB, New Zealand - 53 minutes ago... he got a second job so that he could afford to ride out the slump. He says defaulting on mortgages was not a palatable option for him so generating ...
    2008-02-12 11:56:09
  • Rally Buoyed By Buffett's Bond Play - Forbes

    Rally Buoyed By Buffett's Bond PlayForbes, NY - 47 minutes agoWall Street was hanging onto significant gains Tuesday afternoon, and heading toward a positive finish for a second straight day. The rally was jump-started ...
    2008-02-12 12:01:48
  • Stocks Remain Positive Moving Into Final Hour Of Trading [] - RTT News

    Stocks Remain Positive Moving Into Final Hour Of Trading []RTT News, NY - 45 minutes agoThe new program is expanded to all mortgages from its previous focus on individuals who had taken out high-cost subprime loans. It was coordinated with six ...
    2008-02-12 12:04:09