Mortgage and Financial News From 2007-11-7 Page 15
Previous Day: 2007-11-06
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Sector Wrap: Mortgage Lenders & Insurers
MSN MoneyCentral - Elsewhere among mortgage lenders, shares of Countrywide Financial Corp., the nation's largest home lender, fell $1.10, or 7.3 percent, to $17.92. Shares of NovaStar Financial Inc. fell 13 cents, or 3 percent, to $4.14. Shares of Thornburg Mortgage Inc ...
2007-11-07 11:54:00 -
NY state investigation of mortgage conflicts hits Fannie Mae, Freddie Mac (Seattle Post-Intelligencer)
ALBANY, N.Y. -- New York Attorney General Andrew Cuomo said Wednesday that he has issued subpoenas to government-sponsored lenders Fannie Mae and Freddie Mac in his investigation into what he claims are conflicts of interest in the mortgage industry.
2007-11-07 11:02:03 -
Ahead of the Bell:Mortgage Applications (AP via Yahoo! Finance)
Investors trying to gauge the impact of the housing market's slump on mortgage applications will watch Wednesday for industry data on loan volumes.
2007-11-07 03:27:42 -
Sector Wrap: Mortgage Lenders & Insurers (AP via Yahoo! Finance)
Mortgage lenders and insurers fell sharply Wednesday amid continued worries about problems in the credit and housing markets.
2007-11-07 11:53:36 -
Cuomo Widens Mortgage Probe, Taps Fannie, Freddie (Update2) (Bloomberg.com)
Nov. 7 (Bloomberg) -- New York Attorney General Andrew Cuomo broadened his nine-month investigation of the mortgage industry, issuing subpoenas to Fannie Mae and Freddie Mac seeking information on loans they bought from banks including Washington Mutual Inc.
2007-11-07 11:27:41 -
Rate rise dents Howard's poll hopes
Al Jazeera - Australia 's prime minister has taken a fresh blow to his re-election hopes after the country's central bank increased interest rates. A key promise in John Howard's last election campaign was to keep interest rates low. But the latest rise on ...
2007-11-06 09:42:00 -
Pacific Coast National Bancorp Announces 3rd Quarter Record Growth
MSN MoneyCentral - ... announced, "To assist us in funding our strong loan demand, we utilized brokered deposits and a new internet only CD ... in economic conditions in the Company's market area, changes in policies by regulatory agencies, fluctuations in interest rates ...
2007-11-07 05:56:00 -
Loonie just keeps flying higher
Edmonton Journal - A U.S. think-thank, High Frequency Economics, warned the tax cuts will stimulate an economy the Bank of Canada has already warned is too hot, forcing it to raise interest rates further, and putting more upward pressure on the currency. The U.S ...
2007-11-07 01:24:00 -
Boomers retire: What? Me worry?
Edmonton Journal - Company pension plans are in better shape than they were just a few years ago when the combination of the high-tech market meltdown and low interest rates helped create what many analysts viewed as a pension-funding crisis, Fidelity Investments ULC ...
2007-11-07 01:24:00 -
Futures plunge on GM, oil, dollar
Calgary Herald - S&P 500 futures slid 22.50 points and were below fair value, a formula to evaluate pricing taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures dropped 187 points, and ...
2007-11-07 05:13:00 -
Currency Rates Of Coffee Producing, Consuming Countries
FXStreet.com - Currency Rates Of Coffee Producing, Consuming Countries LONDON (Dow Jones)--U.S. dollar exchange rates as of 09:27 GMT ... The Dow Jones content includes facts, views, opinions and recommendations of individuals and organizations deemed of interest ...
2007-11-07 01:17:00 -
Europe's central banks seen refraining from cuts
Marketwatch - LONDON (MarketWatch) -- The Bank of England and the European Central Bank are both expected on Thursday to refrain from cutting interest rates, even as manufacturers increasingly howl about the impact of the ever-weakening U.S. dollar. The weight of ...
2007-11-07 10:35:00 -
Australian rates rise amidst campaign
Financial Times - The Reserve Bank of Australia broke with tradition on Wednesday morning by announcing a politically sensitive rise in interest rates in the middle of the country’s federal election campaign. The RBA increased the official cash rate by 25 basis ...
2007-11-06 06:29:00 -
Yell is confident that the worst is over
Financial Times - ... challenging year," said John Condron, chief executive, pointing to an 18.8 per cent rise in adjusted earnings before interest ... That acquisition helped boost revenues by 13.7 per cent to £965m, up 17.7 per cent at constant exchange rates. "Overall, we ...
2007-11-07 11:32:00 -
Pacific Coast National Bancorp Announces 3rd Quarter Record Growth (Business Wire via Yahoo! Finance)
SAN CLEMENTE, Calif.----Pacific Coast National Bancorp , the parent corporation of Pacific Coast National Bank , today announced significant improvement towards achieving profitability, reporting a net loss for the third quarter of 2007 of $580 thousand or $0.25 per share loss, as compared to $951 thousand, or $0.42 per share loss during the same period of 2006.
2007-11-07 06:00:00
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