Mortgage and Financial News From 2007-10-14 Page 7

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  • Blanco To Make Case For Road Home Bailout (WDSU New Orleans)

    Gov. Kathleen Blanco hopes to keep the cash-strapped Road Home program from running out of money by pleading her case for a bailout in Washington.
    2007-10-14 02:45:41

  • To The Point: Credit habit is bad for school districts

    Lansing State Journal - Credit habit is bad for school districts A Lansing State Journal editorial As if Michigan needs more evidence of how the state's ... The mortgage foreclosure problem continues to hit mid-Michigan, with Ingham County seeing the state's fourth-highest ...
    2007-10-14 12:58:00

  • Why we must still tread very carefully, despite the recent market ...

    Stockhouse Canada - That's just a whisker from its 2007 high and prompts the question of whether the great global credit crunch actually happened or was just a bad ... Yet evidence has mounted of slowing mortgage lending, a gathering slowdown in the rate of house price ...
    2007-10-14 04:29:00

  • Banks said to be prepping up to $100B fund

    CNN Money - ... Citigroup, is working to create a fund to back up to $100 billion in shaky mortgage ... Wall Street Journal , would be used to buy securities at risk in the current credit ... the hedge fund Long-Term Capital Management after it made a series of bad bets ...
    2007-10-14 09:26:00

  • NEIGHBORHOODS CRUMBLE IN WAVE OF FORECLOSURES

    San Francisco Gate - ... plunge in home values puts them "under water" - owing more on their mortgage than the ... because she owns her own skin-care business in Vacaville, so she had the credit to ... by car while crossing SF street Cal Squanders Chance to Earn Top Ranking Bad news ...
    2007-10-12 05:57:00

  • Earnings Will Be Focus on Wall Street

    Forbes - ... earnings season begins in earnest this week, with investors hoping to learn how bad the damage was from the summer's credit ... While I do expect more bad news to come out of the mortgage sector the next six months, the element of surprise is gone ...
    2007-10-14 01:22:00

  • Wall Street trio poised to unveil 100bn fund to fight American credit ...

    Times Online - ... find it even harder to borrow money from each other – which would lead to financial institutions reining in mortgage and credit ... are funds that own assets backed by sub-prime mortgages, home loans made to borrowers with low incomes and bad credit ...
    2007-10-14 02:48:00

  • Lenders can't shovel all the blame on borrowers

    San Diego Union-Tribune - The mortgage lenders) knew the bad credit quality of the loans being originated, they took their profits, and now the ship sinks,” said Bob Simpson, president of Investors Mortgage Asset Recovery Co. in Irvine. “They will all walk away rich. And ...
    2007-10-14 10:23:00

  • Banks said to be prepping up to $100B fund (CNN Money)

    A consortium of the world's biggest banks, led by Citigroup, is working to create a fund to back up to $100 billion in shaky mortgage and other securities, according to published reports Sunday.
    2007-10-14 09:37:17

  • Crush of earnings reports to hit Wall Street (MSNBC)

    The third-quarter earnings begins in earnest this week, with investors hoping to learn how bad the damage was from the summer’s credit crunch, and how much better the coming quarters are likely to be.
    2007-10-14 10:51:25

  • Earnings Will Be Focus on Wall Street (AP via Yahoo! Finance)

    The third-quarter earnings season begins in earnest this week, with investors hoping to learn how bad the damage was from the summer's credit crunch, and how much better the coming quarters are likely to be.
    2007-10-14 01:06:43

  • Wall Street trio poised to unveil 100bn fund to fight American credit crisis (Times Online Sunday)

    Three Wall Street banks are expected this morning to unveil firm plans to create a $100 billion (£49 billion) bailout fund designed to avert a worsening credit crisis on Wall Street.
    2007-10-14 03:09:56

  • Big banks mull fighting fund for bad debts (The Scotsman: Business)

    MAJOR banks including Citigroup are looking at setting up a roughly $80 billion (£40bn) fund to buy ailing mortgage securities and other assets, in a bid to prevent the credit crunch from further hurting the global economy, sources said.
    2007-10-14 04:20:38

  • A recovering recovery

    Minneapolis Star Tribune - Commenter Cash N. Carey, responding somewhat challengingly to my recent announcement of the removal of several offensive posts, rightly calls the Big Question’s attention to the favorable jobs report issued at the end of last week. Here’s the New ...
    2007-10-07 05:56:00

  • Point Therapeutics to merge with DARA BioSciences

    Boston Business Journal - Raleigh company going public through reverse merger [Raleigh/Durham] Point Therapeutics terminates executive team [Boston] Point Therapeutics cuts 25 jobs [Boston] Point Therapeutics plans layoffs [Boston] Point Therapeutics Inc. said Wednesday it ...
    2007-10-09 05:53:00

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