Mortgage and Financial News From 2008-4-24 Page 6
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Persimmon warns UK mortgage market is toughest in 30 years - Daily Telegraph
Britons are facing the toughest mortgage market since the late 1970s, Persimmon, the country's largest housebuilder, warned today. Persimmon shares were the biggest faller on the FTSE 100 by late afternoon in London after the builder revealed that ...
2008-04-24 09:12:00 -
Frank pushes for mortgage intervention - Financial Times
Barney Frank, the powerful Democratic chairman of the House financial services committee, issued a stark warning at a breakfast meeting with reporters in Washington on Thursday. If lawmakers and the administration failed to agree on new housing ...
2008-04-24 03:39:00 -
Genworth Profit Falls 64% on Mortgage Insurance Loss (Update2) - Bloomberg
April 24 (Bloomberg) -- Genworth Financial Inc. , the insurer spun off by General Electric Co., said profit fell 64 percent as the U.S. housing slump led to losses at its U.S. mortgage- insurance unit for the second consecutive quarter. The company ...
2008-04-24 02:56:00 -
Fitch Affirms ML-CFC Commercial Mortgage Trust 2007-6 - Forbes
The affirmations are the result of stable performance since issuance. As of the March 2008 distribution date, the pool's certificate balance has decreased 0.22% to $2,141,611,489 from $2,145,926,359 at issuance. There have been no specially serviced ...
2008-04-24 02:20:00 -
Fitch Downgrades & Removes 3 Classes of ACT 2005-RR from Watch ... - Forbes
Fitch Ratings has downgraded three classes of ACT 2005-RR Depositor Corp. series 2005-RR, commercial mortgage-backed securities (CMBS) pass-through certificates, (ACT 2005-RR) as follows: --$225 million class A-1FL to 'BBB' from 'AAA'; --$118 million ...
2008-04-23 03:11:00 -
Ambac may need capital: NY regulator - Reuters South Africa
UPDATE 1-NY insurance regulator says Ambac may need capital WASHINGTON (Reuters) - New York state's top insurance regulator said on Thursday that bond insurer Ambac Financial Group Inc (ABK.N: Quote , Profile , Research ) may need more capital. "I ...
2008-04-24 10:45:00 -
Rates + fuel = more pain soon - News.com.au
THE ANZ bank has lifted its variable mortgage rate just hours after Caltex warned motorists to get used to a long period of petrol price pain. This afternoon ANZ bank announced its variable mortgage interest rate was rising by 10 basis points to ...
2008-04-24 10:59:00 -
Genworth Financial Reports First Quarter Net Operating Income of $0.56 ... - Forbes
RICHMOND, Va., April 24 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. (NYSE: GNW) today reported income from continuing operations for the first quarter of 2008 of $116 million, or $0.27 per diluted share, compared with $314 million, or $0.69 ...
2008-04-24 01:08:00 -
Credit Suisse Rises as Dougan Says `Capital Position Is Strong' - Bloomberg
April 24 (Bloomberg) -- Credit Suisse Group , Switzerland's second-biggest bank, said it has sufficient capital, signaling the company won't have to sell stock to shore up its balance sheet like competitors UBS AG and Royal Bank of Scotland Group Plc ...
2008-04-24 09:41:00 -
US mortgage bailout plan sparks debate on tax onus - Forbes
WASHINGTON (Reuters) - A House panel Thursday outlined a new federal program that could buy $300 billion in troubled home loans to forestall a wave of potential foreclosures, sparking a debate on the potential burden on U.S. taxpayers. The plan ...
2008-04-24 09:41:00 -
Merrill's Sobotka Tells Colleagues He May Depart, People Say - Bloomberg
April 24 (Bloomberg) -- Merrill Lynch & Co. fixed-income chief David Sobotka , promoted six months ago in a management shakeup, has told colleagues he plans to leave the securities firm, two people briefed on the matter said. Sobotka, who stepped in ...
2008-04-24 01:15:00 -
US 30-year mortgage rates rise in latest week - Reuters
WASHINGTON, April 24 (Reuters) - Inflation fears pushed U.S. 30-year mortgage rates up after being unchanged for three weeks, home funding company Freddie Mac (FRE.N: Quote , Profile , Research ) said on Thursday. Thirty-year mortgage rates rose to ...
2008-04-24 12:54:00 -
Mortgage applications plunge as rates soar: MBA - Boston Globe
NEW YORK (Reuters) - Mortgage applications plunged last week, largely reflecting a drop in demand for home refinancing loans as interest rates surged, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted ...
2008-04-23 05:10:00 -
Bush administration opposes housing package (San Jose Mercury News)
WASHINGTON - A top housing official said today that the Bush administration "strongly opposes" Democrats' housing rescue package, calling it a bailout that would expose taxpayers to excessive risk.
2008-04-24 01:12:09 -
Hidden population grows (Douglas County News Press)
There is a hidden population buried deep in the quiet streets of Douglas County, and a sizable number of people who inhabit the analogous houses don't want their secret revealed.
2008-04-24 01:14:19