Mortgage and Financial News From 2007-10-26 Page 8

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  • Genworth Shares Rise on 3Q Results

    MSN MoneyCentral - ... 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 12:54:00
  • Triad Guaranty posts big loss (bizjournals.com via Yahoo! Finance)

    Triad Guaranty lost $31.8 million in the last quarter as the mortgage lending crisis bore down on its portfolio of private mortgage insurance.
    2007-10-26 09:21:24
  • Genworth Shares Rise on 3Q Results (AP via Yahoo! Finance)

    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 business.
    2007-10-26 11:50:48
  • Mortgage Woes Likely to Linger Into 2008 (AP via Yahoo! Finance)

    In all phases of the mortgage industry this week, from the people who make the loans to the people who insure them, the news was bad -- and most of them expect it to get worse.
    2007-10-26 12:23:36
  • First American Title Insurance Company Offers Assistance to Homeowner Fire Victims in Southern California (PR Newswire via Yahoo! Finance)

    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 their homes in the recent fires in Southern California.
    2007-10-26 10:43:00
  • Home's Story Follows Foreclosure Process

    Forbes - Dan Sugg, president of the Michigan Mortgage Lenders Association, said his industry recognizes the responsibility it shares in keeping homes out of foreclosure. Among other things, he said, it's holding foreclosure-prevention workshops in the hardest ...
    2007-10-26 03:10:00
  • Why Merrill Got Burned So Badly

    BusinessWeek - Merrill took a leadership role in underwriting CDOs in 2006 and 2007, when subprime mortgage lenders all but threw lending standards out the window. Over that period, Merrill was lead underwriter on 136 CDO deals with a dollar value of $93 billion ...
    2007-10-26 10:52:00
  • Countrywide loss: $1.2 billion

    CNN Money - Countrywide loss: $1.2 billion Top mortgage lenders sees loss much larger than forecasts, but predicts quick return to profitability.
    2007-10-26 05:09:00
  • Oct. 19: MoneyGram is unlikely subprime mortgage casualty

    Minneapolis Star Tribune - Nationwide, 15 of the top 25 U.S. subprime lenders have either filed for bankruptcy, shut down some or all of their mortgage businesses, or sold their mortgage units to larger companies. MoneyGram's woes are particularly unsettling, say analysts ...
    2007-10-26 01:01:00
  • Wall Street's big rally

    CNN Money - And if mortgage lenders, such as Countrywide, are also going to be able to get beyond the brutal third quarter, then that's an optimistic sign for the overall sector. Investors may also be relieved that a majority of the bank earnings are out of the ...
    2007-10-26 03:03:00
  • Chart: Default notices by county

    Silicon Valley - The number of Bay Area homeowners who received "notices of default" from their mortgage lenders rose sharply in the third quarter of 2007 compared to the same period a year before, a result of loans in recent years to unqualified buyers, and falling ...
    2007-10-26 09:55:00
  • Countrywide's premarket surge lifts shares of other mortgage lenders

    CNBC - NEW YORK (Thomson Financial) - Mortgage lenders are getting a lift in premarket trading Friday, after Countrywide Financial Corp. said it expected to return to profitability in the fourth quarter. Countrywide shares soared 21% to $15.85 ahead of ...
    2007-10-26 06:27:00
  • Mortgage woes propel Calif. foreclosures to record

    CNBC - SAN FRANCISCO (Reuters) - Mortgage lenders launched more than 70,000 foreclosure proceedings in California in the third quarter, marking a record for the state, where many housing markets are slumping amid mortgage market turmoil, according to a ...
    2007-10-26 12:04:00
  • Study finds Midwest has highest risk of mortgage foreclosures, fraud

    CNBC - The highest risk for mortgage lenders nationally is in Michigan, where high foreclosures and mortgage fraud persist, according to a new report. Among the findings: _ Michigan has three of the top-10 riskiest markets for residential mortgages based on ...
    2007-10-26 10:45:00
  • Top bank regulator calls for more mortgage regulations amid market ...

    CNBC - WASHINGTON - A top banking regulator said Friday the federal government and states should work together to create uniform regulations for mortgage lenders in the wake of surging home loan defaults. Tightened regulations that apply to all lenders are ...
    2007-10-26 01:44:00