Mortgage and Financial News From 2007-10-26 Page 18

Previous Day: 2007-10-25

Return to the mortgage news archive home.

Page:  01 2 3 4 5 6 7 8 9 10 11 12 13 14 15
 16 17 18 19 20 21 - 40

• Bank of America to cut jobs (The News & Observer)

  About 700 positions will be eliminated as the bank leaves wholesale mortgages.
  2007-10-26 12:39:01

• China Construction Bank Reports $3 Billion Profit (Update2) (Bloomberg.com)

  Oct. 26 (Bloomberg) -- China Construction Bank Corp., the world's second-largest bank by value, reported a third-quarter profit of 22.8 billion yuan ($3 billion).
  2007-10-26 08:43:08

• BofA makes more changes after dismal 3Q (AP via Yahoo! News)

  Bank of America Corp. is exiting the wholesale mortgage business and sending more executives packing as the nation's second-largest bank continues shaking up its operations following a dismal third quarter.
  2007-10-25 09:59:06

• Bank of America quits wholesale mortgage business (Washington Post)

  NEW YORK (Reuters) - Bank of America Corp (BAC.N) on Thursday said it will stop offering home mortgages through brokers by the end of the year, resulting in a loss of 700 jobs, so that it may focus on lending directly to consumers.
  2007-10-25 07:18:02

• Bank of America scales back mortgages (The Providence Journal)

  The real estate and subprime mortgage downturn is causing the bank to refocus and cut jobs.
  2007-10-25 05:43:15

• BofA makes more changes after dismal 3Q (Lexington Herald-Leader)

  Bank of America Corp. is exiting the wholesale mortgage business and sending more executives packing as the nation's second-largest bank continues shaking up its operations following a dismal third quarter. A day after saying it will scale back its investment banking unit, Bank of America officials said Thursday that the company will stop offering home mortgages through brokers, eliminating 700 ...
  2007-10-25 07:41:09

• Bank of America dropping wholesale mortgages (MSNBC)

  In addition to scaling back its investment banking operations, Bank of America Corp. is exiting the wholesale mortgage business and eliminating about 700 jobs, bank officials said Thursday.
  2007-10-25 04:50:30

• U.K. Stocks Gain for Second Day, Paced by Rio Tinto, BHP, Shell (Bloomberg.com)

  Oct. 26 (Bloomberg) -- U.K. shares advanced for a second day. Rio Tinto Group and BHP Billiton Ltd. paced gains as metals prices rallied. Royal Dutch Shell Plc led energy companies higher after crude oil rose above $92 a barrel for the first time in New York.
  2007-10-26 09:31:42

• China Construction Bank Reports $3 Billion Profit (Update2)

  Bloomberg - Construction Bank's third-quarter net interest income was 50 billion yuan, the ... 236 billion exceeds that of HSBC Holdings Plc and Citigroup Inc., trailing only ... and other infrastructure, Construction Bank is now the country's largest mortgage ...
  2007-10-26 08:29:00

• London shares close up but off highs; NY remains up; Kingfisher gains ...

  CNBC - ... the market is now the expectation by investors the Fed is going to cut interest ... at 190.7, as JC Flowers moved a step closer to bidding for the troubled mortgage bank ... to 2,121 and BP took on 16-1/2 pence to 629, with the latter bolstered not only ...
  2007-10-26 09:05:00

• McGraw-Hill received subpoenas from Conn., N.Y. on S&P's credit ...

  Forbes - In September, the SEC began examining the company's credit rating procedures for possible conflicts of interest on mortgage-backed ... other information, is provided by AFX News and its third party content providers for your personal information only ...
  2007-10-26 08:29:00

• Jackson Defaults on $23M Loan

  FOX News - ... amount — $23 million plus $212,963.83 in interest ... But the ranch is not Jackson’s only piece of highly leveraged property. According to records, the Jackson family home in Encino — which Michael owns — carries a $4 million mortgage.
  2007-10-26 07:32:00

• JC Flowers confirms interest in bid for Northern Rock

  International Herald Tribune - ... about a possible takeover bid, naming a proposed high-profile management team for the troubled mortgage lender. Flowers, which faces competing interest ... The rush was only stemmed days later when the government stepped in to guarantee deposits of ...
  2007-10-26 03:21:00

• U.S. Homeownership Falls in Longest Slide Since 1981 (Update1)

  Bloomberg - Second mortgages, along with interest-only, payment-option and other unconventional mortgage products, have largely dried up this year as subprime defaults mounted and lenders such as American Home Mortgage Investment Corp. closed their doors. That ...
  2007-10-26 08:22:00

• New slowdown sees 7-year mortgage low (Daily Telegraph)

  Mortgage lending has fallen to a seven-year low, as further evidence emerges of a cooling down in the housing market, according to the British Bankers' Association.
  2007-10-25 07:27:50

Page:  01 2 3 4 5 6 7 8 9 10 11 12 13 14 15
 16 17 18 19 20 21 - 40