Mortgage News from Around the World
Toyota expects £1.1bn loss a year after record profitsIndependent, UK - 1 hour ago US demand for Japanese goods has been falling for 15 months, ever...
UPDATE 2-GMAC has $2.52 bln loss; ResCap survival at riskForex Pros, British Virgin Islands - 6 ResCap was the seventh-largest US mortgage lender from January...
Buy-to-let landlords seek keys to survivalIndependent, UK - 2 In the first half of 2008, just 0.16 per cent of all buy-to-let homes were taken...
UBS unveils quarterly loss, management shakeoutEarthtimes (press release), UK - 4 Zurich-based UBS, which has emerged as one of the prominent victims of the US...
Wall Street Giant Unveils Mega LossSky News, UK - 10 Other top companies badly affected by the US mortgage crisis are expected to announce similarly...
Fannie Mae unveils loss of $2.3bnHaber 27, Turkey - 1 hour ago US mortgage finance company Fannie Mae plunges $2.3bn into the red as...
Lehman's 158-year run on Wall Street set to come to abrupt endIndependent, UK - 27 "It originated mortgage loans , insured mortgages, wrote credit default...
Gordon Brown unveils UK mortgage help planBankInnovation.net, NY - 4 People facing repossession in the UK will be able to defer part of their mortgage...
Treasury Unveils Plan to Bolster Fannie, FreddieTheStreet.com - 17 The Treasury Department Sunday unveiled a plan aimed at restoring investor confidence in troubled mortgage...
GMAC Posts $2.52 bln Loss, ResCap’s Survival In DangeristockAnalyst.com (press release), OR - 9 Earlier, in September, GMAC slashed 5000 jobs at its ResCap mortgage...
Nomura posts ¥ 343bn lossIndependent, UK - 2 It also suffered 150bn yen of trading losses, including on US mortgage -backed securities, monoline insurers and...
Lehman's frantic fight for survivalThis is Money, UK - 5 But that proved to be the high water market for Lehman's UK mortgage ambitions....
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