Mortgage and Financial News From 2007-10-26 Page 13

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  • Fitch Rates TEPPCO Partners, L.P. IDR 'BBB-'

    Forbes - ... its Motiva refined products terminal, will remain within parameters for its current ... Fitch projects 2008-2009 consolidated FFO-to-Total Interest Expense of 4.0 times (x ... enhance production and gathering, as well as increase gathering fees as rates are ...
    2007-10-26 08:08:00

  • Rates on 30-year mortgages fall to the lowest level in six weeks (San Mateo Daily Journal)

    WASHINGTON — Rates on 30-year mortgages fell to the lowest level in six weeks as financial markets grew more hopeful that the Federal Reserve will boost the sluggish economy by cutting interest rates further.
    2007-10-26 12:52:57

  • Asian stocks close mostly higher on US interest rate hopes (ABS-CBNNEWS.com)

    HONG KONG - Asian stocks closed mostly higher Friday as investors continued to buy up equities in anticipation of a cut in US interest rates being made next week.
    2007-10-26 04:51:22

  • Interest rates, competition affect Ford sales in 2007-08 (The Economic Times)

    Ford India, the local unit of the US carmaker, today said high interest rates and increased competition impacted its sales in the current fiscal but demand was picking up in the festival season.
    2007-10-26 11:43:16

  • JC Flowers discussing bid for Northern Rock

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World Americas Europe Asia-Pacific Africa ... Flowers & Co. said Friday it is in talks with Northern Rock PLC about a possible takeover bid for the troubled mortgage lender.
    2007-10-26 04:04:00

  • B of A to Exit Wholesale Mortgage Business

    The Ledger - In addition to scaling back its investment banking operations, Bank of America Corp. is exiting the wholesale mortgage ... In August, Bank of America invested $2 billion in Countrywide Financial Corp. - the biggest U.S. home lender - when the ...
    2007-10-26 07:46:00

  • Countrywide Reports Losses From Mortgage Problems

    Washington Post - Countrywide Financial , the nation's largest mortgage lender, reported that it lost $1.2 billion in the third quarter ... position, Countrywide had previously said it would transfer its mortgage production from Countrywide Home Loans, its non-bank mortgage ...
    2007-10-26 08:43:00

  • Countrywide Financial reports $1.2B loss for Q3

    Phoenix Business Journal - Countrywide swing to $1.2B loss, predicts profitability in 4Q [Raleigh/Durham] Global growth robust despite U.S. slowdown [Dayton] Mortgage industry bracing for layoffs [Denver] Home lender Countrywide Financial , which has operations in Chandler ...
    2007-10-26 11:28:00

  • Homebuilder stocks jump on Countrywide's surge

    Forbes - ... YORK (Thomson Financial) - The homebuilder sector rallied Friday, buoyed by news that Countrywide Financial Corp., the largest mortgage lender in the U.S., is expecting a return to profitability in the fourth quarter. The iShares Dow Jones U.S. Home ...
    2007-10-26 08:58:00

  • Troubled US lender Countrywide unveils first loss in 25 years

    Raw Story - Countrywide unveiled the state of its finances days after announcing it was seeking to throw a lifeline to tens of thousands of stretched borrowers as home foreclosures spike across the country. The mortgage lender said Tuesday it was offering new ...
    2007-10-26 09:12:00

  • Biggest U.S. mortgage lender posts $1.2 billion loss

    International Herald Tribune - ... said Friday that it posted a $1.2 billion loss for the third quarter, but its shares soared after the largest U.S. mortgage lender ... 359 percent from a year earlier, as more borrowers fell behind on payments, particularly on adjustable-rate and home ...
    2007-10-26 12:04:00

  • A gloomy week in the mortgage industry means more troubles for ...

    CNBC - And Countrywide Financial Corp., the nation's largest mortgage lender, said it lost $1.2 billion over the summer, as the amount of ... For potential mortgage borrowers, the comments paint a sobering picture of the difficulty in getting a new home loan in ...
    2007-10-26 12:18:00

  • AP Centerpiece: From home to handyman's special, a house goes through ...

    CNBC - She fell behind on her mortgage payments, and her lender started the foreclosure process in September 2005 on a $228,650 mortgage she ... In 2002, after the original $37,500 home mortgage established by her late father was paid off, she took out the ...
    2007-10-26 10:45:00

  • Genworth, Radian Rise as Countrywide Boosts Mortgage Hopes

    Bloomberg - Countrywide, the biggest U.S. mortgage lender, said today it will return to profitability by yearend after a loss of $1.2 billion ... U.S. home prices may fall as much as 5 percent this year and next, said Kevin Schneider, head of Genworth's U.S ...
    2007-10-26 11:06:00

  • Wall Street rises on strong Microsoft profit; bonds up, commodities ...

    CNBC - HOME ... Countrywide posted a wide loss of more than $1 billion in the third quarter, but the beleaguered mortgage lender, whose stock has ...
    2007-10-26 11:21:00

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