Mortgage and Financial News From 2007-10-16 Page 18

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  • Bank Of Canada Leaves Interest Rates Unchanged At 4.5% (Nasdaq)

    (RTTNews) - The Bank of Canada announced its latest decision on interest rates on Tuesday, saying that it is maintaining its target for the overnight rate at 4.5 percent. The decision to leave rates unchanged was widely expected by economists.
    2007-10-16 07:38:38

  • Reliant Announces Funding Commitment

    Forbes - ... funding Commitment for $10,000,000.00 USD from a third party and has executed the loan documents provided by the lender ... For more information about Reliant Home Mortgage Canada Inc., visit the website at www.relianthomemortgage.com. Safe Harbor ...
    2007-10-16 06:25:00

  • Treasuries Rise as Global Stocks Fall on Concern Over Housing

    Bloomberg - Bernanke said yesterday that the collapse of the subprime-mortgage market will be a ... York at RBC Capital Markets, the investment-banking arm of Canada's biggest lender ... forecast and Nomura Holdings Inc. said it will post a loss because of U.S. home ...
    2007-10-16 06:39:00

  • Maitland lender's chief resigns

    Orlando Sentinel - Under fire from a critical bankruptcy probe, Maitland-based mortgage lender TransLand Financial Services Inc. said ... One of the country's largest privately owned mortgage companies, TransLand originates its own home loans and provides mortgage ...
    2007-10-16 08:34:00

  • Northern Rock's entire board offered to quit

    Times Online - Northern Rock's entire board offered to resign as the liquidity crisis that forced to mortgage lender to borrow £13 billion from ... mortgages up to 5.9 times an individual's salary, branding it as "prudent" and arguing that people applying for home ...
    2007-10-16 05:06:00

  • Global Stocks, U.S. Futures Decline; Ericsson, Nomura Retreat

    Bloomberg - ... it will post a quarterly pretax loss after losing 73 billion yen ($622 million) on U.S. home loans. The pace of the collapse in residential mortgage ... National Australia Bank Ltd., the country's largest lender, lost 1.3 percent to A$41.27, its ...
    2007-10-16 05:28:00

  • Delinquencies at condos can cost neighbors

    Boston Globe - ... last month, its owner left behind more than an unpaid mortgage. She also owed the condo association $9,000 in fees and legal expenses. ... No one in a single-family home is obligated to pay his ...
    2007-10-16 07:15:00

  • CORRECTED-No one solution for foreclosures, Wells Fargo says

    Reuters - ... best efforts to stave off foreclosures may never work, according to a major lender and a community group on Monday. The combination of falling home prices ... there are some customers (the industry) cannot help," Coffin told Reuters at the Mortgage ...
    2007-10-16 07:51:00

  • O'Neal Deemed Subprime CEO as Mortgages Mar Merrill Earnings

    Bloomberg - ... 16 (Bloomberg) -- When Merrill Lynch & Co. paid $1.3 billion for subprime lender ... in 2007 among securities firms after E*Trade Financial Corp., which had home ... Loan brokers at 1st Metropolitan Mortgage, a division of Montvale, New Jersey-based ...
    2007-10-16 07:58:00

  • Citigroup Among Movers on Wall Street

    Associated Press - Make Missoulian.com your home page Get Firefox! ... S. bank fell 57 percent after it took a hit of more than $3 billion in mortgage ... group that seeks to walk way from a $25 billion buyout of the student lender ...
    2007-10-16 07:36:00

  • China Citic Group May Bid for Bear Stearns Stake (Update6)

    Bloomberg - ... arm, may buy a stake in Bear Stearns Cos., the Wall Street securities firm hit hardest by the collapse in U.S. mortgage-backed ... Corp., the nation's first privately owned bank, this month said it may buy a stake in UCBH Holdings Inc., the biggest lender ...
    2007-10-15 11:44:00

  • Home sellers trying it all to hook choosy buyers

    Seattle Post Intelligencer - I'm not living there, so I've got two mortgage payments. And I thought about renting ... alone in offering such incentives to compete with an increasing number of home ... points in the first year and one in the second through its preferred lender. ...
    2007-10-16 08:05:00

  • Wells Fargo's Third-Quarter Profit Rises 4 Percent (Update2)

    Bloomberg - Wells Fargo, the second-largest U.S. home lender after Countrywide Financial Corp., tried to counter the nationwide rise in late payments by shutting subprime mortgage units. Investors have been concerned profit would be hurt by the weak California ...
    2007-10-16 07:29:00

  • Northern Rock didn't realize how bad markets would get, or how quickly

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World Americas Europe Asia-Pacific Africa ... LONDON — Northern Rock PLC executives said Tuesday they believed the mortgage lender was prepared for some tightening of credit ...
    2007-10-16 07:01:00

  • Wells Fargo Hit by Credit Woes

    Street.Com - Wells Fargo ( WFC - Cramer's Take - Stockpickr ) slid 4% in early trading after the big lender missed analysts' expectations over writedowns on mortgage securities and steep credit losses primarily related to home equity loans. For the three months ...
    2007-10-16 07:22:00

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