Mortgage and Financial News From 2007-10-6 Page 2
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North San Diego County Community News Briefs: Poetry reading, workshop ...
North County Times - Professionals will offer information on Medi-Cal and veterans' benefits, reverse mortgages, moving/packing, senior living options and hospice services. Lunch will be provided. R.S.V.P. by Oct. 12 at (858) 487-9324, Ext. 0. Senior patrol volunteers ...
2007-09-30 05:57:00 -
Patrick playing shell game with property-tax relief schemes
Newburyport Daily News - For those who aren't elderly, there are reverse mortgages and equity lines of credit available. Sure, I can understand the desire to pass a home to one's heirs free of any mortgage obligation. I desire the same thing. But no way is it the ...
2007-10-06 09:14:00 -
In a Search for Stability, Bonds Offer Choices (New York Times)
Yes, those Treasuries are expensive, but other bonds may provide opportunity.
2007-10-06 12:50:35 -
A Big Loss at Merrill Stirs Unease
New York Times - The size of the write-down was second only to one for $5.9 billion taken by Citigroup , which is three and a half times the ... the degree of sustained dislocation unprecedented, we are disappointed in our performance in structured finance and mortgages ...
2007-10-06 02:08:00 -
Merrill Lynch, rivals take subprime hits
Taipei Times - GROWING LIST: A US$5.5 billion writedown for bad bets on subprime mortgages and leveraged loans may hurt Merrill Lynch's ... Sovereign, the second-largest thrift, roughly tripled its provision for credit losses sequentially to US$155 million and US ...
2007-10-06 06:40:00 -
Subprime lender sued under predator law (Boston Globe)
The Massachusetts attorney general's office has sued Fremont Investment and Loan, once the state's second-largest subprime lender, accusing it of using predatory lending practices to sell loans to some borrowers who eventually lost their homes or had to file bankruptcy.
2007-10-06 03:07:27 -
Tack room makeover giveaway (Cumberland Times-News)
Farm Credit and Country Mortgages have announced a promotion to give away a tack room makeover.
2007-10-06 07:22:13 -
Merrill and Wamu join lengthening list of warnings (Washington Post)
NEW YORK (Reuters) - Merrill Lynch & Co (MER.N), Washington Mutual Inc (WM.N) and Sovereign Bancorp Inc (SOV.N) on Friday became the latest banks to take big writedowns on mortgages and other credit-related losses, but their shares rose on hopes the worst was over.
2007-10-06 09:18:07 -
Merrill to write down $5.5 bln (Washington Post)
NEW YORK (Reuters) - Merrill Lynch & Co (MER.N) said on Friday it would write down $5.5 billion for bad bets on subprime mortgages and leveraged loans, becoming the only major Wall Street brokerage to take a loss from turmoil in the credit markets.
2007-10-06 09:17:57 -
More big banks take charges on mortgages (Boston Globe)
NEW YORK - Merrill Lynch & Co., Washington Mutual Inc. , and Sovereign Bancorp Inc., yesterday became the latest banks to take big writedowns on mortgages and other credit-related losses, but their shares rose on hopes the worst was over.
2007-10-06 03:06:47 -
AP Business NewsBrief at 6:54 a.m. EDT
CNBC - NEW YORK (AP) _ Although the prospects for a late October interest rate cut have ... Department has said it found inadequate E. coli safety measures at Topps' only ... NEW YORK (AP) _ Investment bank Merrill Lynch & Co. said Friday credit and mortgage ...
2007-10-06 03:52:00 -
ECB and Bank of England hold firm on interest rates
International Herald Tribune - VIENNA, Austria : The European Central Bank held its benchmark interest rate steady at ... the banks wanted more time to assess how deep an impact the U.S. subprime mortgage ... conditions to resume tightening show up next year. Until then, they can only ...
2007-10-02 05:54:00 -
FantasySports.com and Associated Intellectual Property to be Auctioned ...
PR Newswire - ... POMPANO BEACH, Fla., Oct. 4 /PRNewswire/ -- Moniker.com, the first and only ... that Web properties related to fantasy sports are of significant interest to ... for virtual real-estate for years in a fashion similar to real estate mortgage ...
2007-10-06 07:30:00 -
Whitehall steps in to prevent pass-the-parcel at Northern Rock
Observer - The stampede only ended when Chancellor Alistair Darling said that the ... Despite expressions of interest from up to four different bidders, Northern Rock is ... the company, headed by Adam Applegarth, could opt to run down its mortgage book, a ...
2007-10-06 04:17:00 -
Will Alistair Darling be a ballot box hero?
Times Online - There are the five increases in interest rates by the Bank of England since August ... and past rate hikes will take the edge off the global economy, though only to ... There is now clear evidence in a drop in mortgage approvals to 109,000 in August and ...
2007-10-06 06:54:00