Mortgage News from Around the World
How to Multiply Asia's Gains by 230BullionVault (press release), UK - 7 The municipality lost $35 million on high-risk US mortgage -backed investments. Seven other small Norwegian towns were also hit, apparently. Why? … Read in full at How to Multiply Asia's Gains by 230 – BullionVault (press release)
Continue Reading How to Multiply Asia's Gains by 230 – BullionVault (press release)
UPDATE 2-Manz Automation raises 112 mln euros new capitalReuters - 8 … attractive for investors at a time when global equity markets battled the effects of a credit crisis stemming from problems in the US mortgage market. … Read in full at UPDATE 2-Manz Automation raises 112 mln euros new capital – Reuters
Continue Reading UPDATE 2-Manz Automation raises 112 mln euros new capital – Reuters
jobs picture grim, housing strugglesReuters - 5 Also, US mortgage applications rose last week with help from lower home loan rates, though the bounce follows a 6-1/2-year low the prior week. … Read in full at jobs picture grim, housing struggles – Reuters
Continue Reading jobs picture grim, housing struggles – Reuters
UPDATE 1- US mortgage modifications dip in MayReuters - 4 By Al Yoon NEW YORK, July 2 (Reuters) – US mortgage companies helped slightly fewer borrowers avoid foreclosure in May than the prior month, but the second … Read in full at UPDATE 1-US mortgage modifications dip in May – Reuters
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US Stocks Slump as Oil Surges; Dow Average Enters Bear MarketBloomberg - 1 hour ago … same period as losses and writedowns at the world's biggest financial institutions topped $400 billion following the collapse of the US mortgage market. … Read in full at US Stocks Slump as Oil Surges; Dow Average Enters Bear Market – [...]
Continue Reading US Stocks Slump as Oil Surges; Dow Average Enters Bear Market – Bloomberg
US mortgage woes hit Swiss giant hardLondon Free Press, Canada - 5 By AP ZURICH, SWITZERLAND — UBS AG announced a major boardroom reshuffle yesterday, the second since the Swiss banking giant suffered heavy losses due to … Read in full at US mortgage woes hit Swiss giant hard – London Free Press
Continue Reading US mortgage woes hit Swiss giant hard – London Free Press
US mortgage applications rise from 6-1/2-yr lows-MBAReuters India, India - 1 hour ago NEW YORK, July 2 (Reuters) – US mortgage applications rose last week with lower home loan rates spurring demand for home purchases and refinancing, … Read in full at US mortgage applications rise from 6-1/2-yr lows-MBA – Reuters India
Continue Reading US mortgage applications rise from 6-1/2-yr lows-MBA – Reuters India
GM drives Dow to 32-point advance on first day of 3rd quarterLos Angeles Times, CA - 6 MGIC Investment, the largest US mortgage insurer, rose 43 cents, or 7%, to $6.54. Washington Mutual, the country's No. 1 savings and loan, gained 32 cents, … Read in full at GM drives Dow to 32-point advance on first day [...]
Continue Reading GM drives Dow to 32-point advance on first day of 3rd quarter – Los Angeles Times
Paying the price for inflating propertySpiked, UK - 52 Few of us mortgage -payers or prospective home-owners can remain entirely immune to the obsessive concern with house prices and interest rates. … Read in full at Paying the price for inflating property – Spiked
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Florida AG takes aim at lender CountrywideGlobe and Mail, Canada - 7 Florida's Attorney-General alleged yesterday that Countrywide Financial Corp., the largest US mortgage lender, engaged in deceptive practices that left … Read in full at Florida AG takes aim at lender Countrywide – Globe and Mail
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Private Equity – Is It Win Or BustMondaq News Alerts (subscription), UK - 1 hour ago The US mortgage crash-induced credit crunch can only hurt a debt-reliant industry such as PE. On a positive note, there is still plenty of money sitting in … Read in full at Private Equity – Is It Win Or Bust – [...]
Continue Reading Private Equity – Is It Win Or Bust – Mondaq News Alerts (subscription)
2008年7月1日星期二17:23 BJT路透中国, China - 5 N: 行情) on Monday for predatory lending practices, alleging the company at the center of the US mortgage crisis made subprime loans to people who could not … Read in full at 2008年7月1日星期二17:23 BJT – 路透中国
Continue Reading 2008年7月1日星期二17:23 BJT – 路透中国
Bank of America completes Countrywide buyReuters - 10 2 commercial bank seeks to prove it can revive the largest US mortgage lender. In January, Bank of America agreed to buy the troubled California-based … Read in full at Bank of America completes Countrywide buy – Reuters
Continue Reading Bank of America completes Countrywide buy – Reuters
Financial Winners & Losers: CIT GroupTheStreet.com - 4 … or 1.5%, to $20.35 after announcing a major boardroom shuffle, as it tries to recover from enormous losses as a result of the US mortgage meltdown. … Read in full at Financial Winners & Losers: CIT Group – TheStreet.com
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UPDATE 1-S&P, Moody's raise Countrywide after BofA takoverReuters - 5 NEW YORK, July 1 (Reuters) – Two rating agencies on Tuesday raised their debt ratings on Countrywide Financial Corp. after the largest US mortgage lender … Read in full at UPDATE 1-S&P, Moody's raise Countrywide after BofA takover – Reuters
Continue Reading UPDATE 1-S&P, Moody's raise Countrywide after BofA takover – Reuters
