Mortgage and Financial News From 2008-1-16 Page 74

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  • U.S. Bancorp's Balancing Act

    Forbes - On Tuesday the lender announced that its fourth-quarter earnings tumbled 21%, but ... The mortgage meltdown and the rapid devaluation of mortgage-backed securities has ... Back home in Lake Wobegon, where the mood has turned somber. ...
    2008-01-15 03:18:00

  • Is my insurance policy too good to be true?

    Guardian Unlimited - Q My partner and I are in the process of buying our first home. Obviously, we need property and contents insurance in order to buy the house, but we are becoming so confused about which company to go with. We had a quote through our mortgage lender ...
    2008-01-16 03:29:00

  • New breaks could help home buyers with taxes

    AZCentral.com - To be deductible, the insurance must have been paid on "home-acquisition debt" - debt incurred to buy, build or substantially improve a principal residence or second home. The 1098 form from your mortgage lender should specify the amount you paid in ...
    2008-01-15 08:41:00

  • Calif. lender IndyMac to drop 2,403 workers

    Baltimore Sun - LOS ANGELES - Mortgage lender IndyMac Bancorp Inc. said yesterday that it would slash its work force by 24 percent, laying off 2,403 employees in a bid to cut costs as it tries to weather the worsening housing slump and sagging demand for home loans ...
    2008-01-16 01:20:00

  • European Stocks Drop; STMicroelectronics, BHP, Rio, HBOS Fall

    Bloomberg - HBOS Plc, the U.K.'s biggest mortgage lender, retreated after real-estate professionals said December was the worst month for the nation's housing market since 1992. The Dow Jones Stoxx 600 Index lost 0.8 percent to 333.19 at 8:05 a.m. in ...
    2008-01-16 12:22:00

  • Hong Kong Stocks Have Biggest Drop Since Sept. 11 Attacks

    Bloomberg - Citigroup posted a record loss on an $18 billion writedown for mortgage defaults and cut its dividend by 41 percent after ... HSBC bought U.S. subprime lender Household International Inc. for $15.5 billion in 2003. China Cosco plunged HK ...
    2008-01-16 12:51:00

  • HSBC Stock Drop in Hong Kong Is Biggest Since 2001, (Update1)

    Bloomberg - Citigroup's $9.83 billion loss and its $18 billion writedown on mortgage-related investments sent financial stocks from Tokyo ... London-based HSBC, which bought U.S. subprime lender Household International Inc. for $15.5 billion in 2003, has since ...
    2008-01-16 02:24:00

  • Global Stocks, U.S. Futures Fall; STMicro, Intel, BHP Decline

    Bloomberg - HBOS Plc, the U.K.'s largest mortgage lender, retreated after real-estate professionals said December was the worst month for the nation's housing market since 1992. The MSCI World Index dropped 1.2 percent to 1,475.94 as of 12:14 p.m. in ...
    2008-01-16 04:12:00

  • Northern Rock Tumbles as Brown Weighs Nationalization (Update1)

    Bloomberg - That followed yesterday's decline of 16 percent and cut the mortgage lender's market value to 256 million pounds ($502 million). Brown said the U.K. is considering acquiring the mortgage- lender and reselling it when market conditions ...
    2008-01-16 04:33:00

  • Foreclosures put economy on the minds of voters - The Herald-Times (subscription)

    Foreclosures put economy on the minds of votersThe Herald-Times (subscription), IN - 2 hours agoAnd even when a delinquent loan doesn’t end in sheriff’s sale, mortgage lenders often recoup the extra interest and attorneys’ fees by refinancing the loan, ...
    2008-01-16 02:57:23

  • Report: Area home prices unlikely to fall - Fort Worth Star Telegram

    Report: Area home prices unlikely to fallFort Worth Star Telegram, TX - 1 hour ago... an insurer of mortgage lenders. Plus, the slight appreciation of home prices in recent years has given the area a slow, sustainable price growth. ...
    2008-01-16 03:13:34

  • COURT NOTES - Scranton Times-Tribune

    COURT NOTESScranton Times-Tribune,  USA - 1 hour agoAccredited Home Lenders Inc., as successors by merger to Aames Home Loan Inc., San Diego, to James A. and Lindsay Doherty, address unavailable, ...
    2008-01-16 03:18:44

  • Regional home prices, sales sink - San Diego Union Tribune

    Regional home prices, sales sinkSan Diego Union Tribune, United States - 1 hour agoDavid W. Berson, chief economist at PMI Mortgage Insurance, blamed the fevered market that saw many home values here double during the first half of the ...
    2008-01-16 03:30:16

  • Students opt to get on property ladder - Finance News Online

    Students opt to get on property ladderFinance News Online, UK - 1 hour agoMeanwhile, two of Britain's biggest mortgage lenders have doubled the minimum deposit needed by a first-time-buyer. Since the average first-time-buyer ...
    2008-01-16 03:39:23

  • Ahead of the Bell: Mortgage Applications - Forbes

    Ahead of the Bell: Mortgage ApplicationsForbes, NY - 1 hour agoThe mortgage bankers' index, which stood at 100 at its onset in March 1990, is derived from a survey of major lenders representing about half of the US ...
    2008-01-16 03:45:18

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