Mortgage and Financial News From 2007-10-26 Page 7

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• Countrywide upbeat despite $1bn sub-prime hit

  Guardian Unlimited - America's biggest mortgage lender, Countrywide Financial, has slumped into the red for the first time in 25 years with a ... his personal sale of $130m of shares in the run-up to the crisis, though he insists this was prompted by independent advice ...
  2007-10-26 03:53:00

• TheStreet.com TV Recap: Mortgage Malaise

  Street.Com - Things look awful for the mortgage companies, Jim Cramer said on TheStreet.com TV's Wall Street Confidential Friday. ... While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by ...
  2007-10-26 01:37:00

• Bustin' loose

  Sports Illustrated - 2. By the way, the reason you should never put the mortgage on my advice is this: Last week I told you Vince Young would play at Houston. Vince Young wanted to play at Houston, ouchy quad and all. He almost convinced the coach in his weekend warmups ...
  2007-10-26 02:27:00

• TheStreet.com TV Recap: Mortgage Malaise (TheStreet.com)

  Cramer says this group can't be trusted.
  2007-10-26 12:48:01

• Bank Of America Plans To Exit Wholesale Mortgage Business (WITN 7 North Carolina)

  Bank of America says it is leaving the wholesale mortgage business as it scales back investment banking operations.
  2007-10-26 04:07:32

• Report recalls mortgage turmoil of yesteryear

  Inside Bay Area - PMI Group Inc., a mortgage-insurance firm in Walnut Creek, recently revisited the data on three cities that represented the worst of such boom-to-bust cycles in the last 25 years. It was ugly. Its new report took a microeconomic look at Los Angeles ...
  2007-10-26 06:20:00

• Countrywide posts loss, stock soars on outlook

  CNBC - Pretax losses totaled $1.31 billion in mortgage banking, $407 million in banking and $344 million in capital markets. Insurance operations generated a $150 million profit. While the outlook soothed investors, Mozilo remains a lightning rod and some ...
  2007-10-26 01:44:00

• Feds offer aid to fire victims for rebuilding

  San Diego Union-Tribune - Making FHA mortgage insurance available to those who are considering rebuilding or buying another home. The insurance essentially protects lenders against the risk of default on mortgages issued to disaster victims. Under the program, the borrower is ...
  2007-10-26 03:28:00

• Business big shot: Sandy Crombie

  Times Online - ... the decision to pursue a stock market listing, Mr Crombie now presides over a life insurer, pensions provider, mortgage bank ... Monkey business The 25 most bizarre travel insurance claims ever
  2007-10-26 01:15:00

• Triad Guaranty posts big loss

  Greensboro Business Journal - Triad Guaranty lost $31.8 million in the last quarter as the mortgage lending crisis bore down on its portfolio of private mortgage insurance. In the same quarter of 2006, before the subprime crisis was widespread, the company had earned a profit of ...
  2007-10-26 12:25:00

• Baker Hughes, Cash America, Clayton: U.S. Equity Movers Final

  Bloomberg - The insurer said its U.S. mortgage insurance business had a third-quarter profit. Hartford Financial Services Group Inc. (HIG US) gained the most since April 2005, adding $7.02, or 7.7 percent, to $98.56. The sixth-largest U.S. insurer by ...
  2007-10-26 02:41:00

• Quad-City Credit Association

  Quad-Cities Times - Mike Wilson, executive vice president of the Federal Home Loan Bank, Des Moines, and Rick Hite, Midwest account executive with CMG Mortgage Insurance Co., will speak about The Economic Impact of the Housing Credit Crisis. Networking 5:30 p.m., dinner ...
  2007-10-26 02:05:00

• L&G upbeat despite house market slide

  Times Online - The group, which claims more than a fifth of the mortgage insurance market, said that sales at its protection businesses were 2 per cent lower than over the same period last year at £168 million. It added that volumes of bulk annuity purchases, which ...
  2007-10-26 01:15:00

• First American Title Insurance Company Offers Assistance to Homeowner ...

  Forbes - SANTA ANA, Calif., Oct. 26 /PRNewswire/ -- First American Title Insurance Company announced today that it will replace recorded mortgage documents, property tax information, recorded deeds and tax assessor maps at no charge for homeowners who lost ...
  2007-10-26 10:45:00

• Movers Roundup: BEA, Digital River

  CNBC - ... YORK (AP) _ Shares of Genworth Financial Inc. climbed Friday after the financial services firm reported a 12 percent increase in third-quarter profit and analysts remained positive about the stock despite weakness in the company's mortgage insurance ...
  2007-10-26 03:24:00

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