Mortgage and Financial News From 2007-10-11 Page 3
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Last month's U.S. foreclosures double from 2006
Houston Chronicle - LOS ANGELES — Foreclosure filings across the U.S. nearly doubled last month compared with September 2006, as financially strapped homeowners already behind on mortgage payments defaulted on their loans or came closer to losing their homes to ...
2007-10-11 05:51:00 -
Shares of mortgage lenders fall after Countrywide's loans slip 44 ...
CNBC - NEW YORK - Shares of mortgage lenders fell Thursday after Countrywide Financial Corp. said its mortgage lending shrank significantly last month. The nation's biggest mortgage lender issued $21 billion in home loans in September, a 44 percent decline ...
2007-10-11 01:04:00 -
Countrywide Sept. Mortgage Fundings Drop
Newsday - As of Sept. 30, Countrywide had $42 billion in its mortgage pipeline -- loans in progress that it has yet to fund. Last year, Countrywide had $65 billion in its pipeline. Shares of Countrywide fell 52 cents, or 2.77 percent, to close at $18.28 ...
2007-10-11 05:15:00 -
Lawyer to Testify in Mortgage Fraud Trial
Law.com - According to the federal indictment, Hyacinth worked hand-in-hand with Reti Relocation Services Inc. and Larry Frazier Realty in illegally flipping properties and then defrauding banks of the mortgage loans. Reed told the jury on Tuesday that ...
2007-10-11 07:31:00 -
Countrywide mortgage funding falls 44%
CNN Money - Countrywide originated $3.8 billion in adjustable-rate mortgages in September, down from $15.8 billion last year. As of Sept. 30, Countrywide had $42 billion in its mortgage pipeline - loans in progress that it has yet to fund. Countrywide ( Charts , ...
2007-10-11 08:25:00 -
Countrywide slashes jobs as bad loans rise
CNBC - NEW YORK (Reuters) - Countrywide Financial Corp said on Thursday it funded 44 percent fewer mortgage loans in September as it tightened lending standards, while delinquencies increased and foreclosures more than doubled. The largest U.S ...
2007-10-11 09:44:00 -
UPDATE 2-Countrywide bad loans rise, cuts nearly 5,000 jobs
Reuters - NEW YORK, Oct 11 (Reuters) - Countrywide Financial Corp (CFC.N: Quote , Profile , Research ) said on Thursday it funded 44 percent fewer mortgage loans in September as it tightened lending standards, while delinquencies increased and foreclosures ...
2007-10-11 02:59:00 -
Mortgage bill focuses on ability to repay (Washington Post)
WASHINGTON (Reuters) - Lenders would have to make efforts to determine a borrower's ability to repay a mortgage before making a loan under a bill being drafted by the U.S. House Financial Services Committee.
2007-10-11 04:25:38 -
Countrywide Sept. mortgage fundings drop (AP via Yahoo! News)
Countrywide Financial Corp. said Thursday its mortgage fundings for September fell 44 percent from the same period a year ago, and the mortgage lender is now facing a potential federal investigation over the timing of stock sales by its chief executive.
2007-10-11 03:50:56 -
Sector Glance: Mortgage Lenders (Sharewatch)
NEW YORK (AP) - Shares of mortgage lenders fell Thursday after Countrywide Financial Corp. said its mortgage lending shrank significantly last month. The nation's biggest mortgage lender issued $21 billion in home loans in September, a 44 percent decline.
2007-10-11 01:16:16 -
Cairns Lockie Mortgage Commentary - 12 October 07 (Scoop.co.nz)
Welcome to the eighteenth fortnightly Cairns Lockie Mortgage Commentary for 2007. We aim to keep you informed on developments at Cairns Lockie, Home Loans and the mortgage market in general.
2007-10-11 04:48:25 -
Countrywide Says Bad Mortgages Rise, New Loans Fall (Update1) (Bloomberg.com)
Oct. 11 (Bloomberg) -- Countrywide Financial Corp., the largest U.S. mortgage lender, said late payments on loans handled by its servicing business rose, foreclosures doubled, and originations fell 44 percent as housing sales slowed.
2007-10-11 06:57:48 -
Countrywide Says Bad Mortgages Rise, New Loans Fall (Update3) (Bloomberg.com)
Oct. 11 (Bloomberg) -- Countrywide Financial Corp., the largest U.S. mortgage company, said late payments at its servicing unit rose, foreclosures doubled and new loans fell 44 percent as housing sales slowed.
2007-10-11 08:25:27 -
Countrywide slashes jobs as bad loans rise (Reuters via Yahoo! News)
Countrywide Financial Corp said on Thursday it funded 44 percent fewer mortgage loans in September as it tightened lending standards, while delinquencies increased and foreclosures more than doubled.
2007-10-11 09:02:58 -
AmeriCredit Reveals $1 Bln Prime/Near-Prime Asset-Backed ...
RTT News - AmeriCredit Reveals $1 Bln Prime/Near-Prime Asset-Backed Securitization - Quick ... Also Pall has misstated its effective tax rate, and the factors affecting its ... Net interest income for the third quarter was $3.46 million, up from $3.39 million in ...
2007-10-11 03:13:00
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