Mortgage and Financial News From 2007-9-14 Page 19

RSS Feed

Previous Day: 2007-09-13

Return to the mortgage news archive home.

  • Borrowing capacity increases by $12 billion; shares jump 14%

    Chicago Tribune - CALABASAS, Calif. - Countrywide Financial Corp. boosted its borrowing capacity by $12 billion as the mortgage lender struggles to weather the slowdown in the housing market, the company said Thursday. The move came after the largest U.S. home lender ...
    2007-09-14 03:21:00
  • Dollar bounces back to close stronger

    News.com.au - ... Tony Morris said the Aussie had come under pressure on news UK mortgage lender Northern Rock had sought assistance from the Bank of England due to exposure to the troubled US sub-prime mortgage sector. The news the UK's fourth-largest home lender ...
    2007-09-14 01:05:00
  • Lone Star extends offer to buy Accredited Home Lenders

    Houston Chronicle - DALLAS — Private buyout firm Lone Star Fund V L.P. extended its offer to buy troubled subprime mortgage lender Accredited Home Lenders Holding Co. for two days, until midnight Friday, the latest twist in a dispute that appeared headed to court ...
    2007-09-13 10:24:00
  • BoE bails out key mortgage lender

    CNN - Home Asia Europe U.S. World World Business Technology Entertainment World Sport Travel On TV CNN Video I-Report CNN Mobile ... LONDON, England -- The Bank of England has taken the unusual move of bailing out a key mortgage lender, as the global credit crunch ...
    2007-09-14 01:26:00
  • Paying Off Home Early Can Mean Stiff Penalty

    The Ledger - He would have to pay the lender a $9,000 exit fee. "We don't have any money," Larson said in a phone ... Unable to make the payments, Robertson is listing her home for $510,000. Robertson's mortgage includes a prepayment penalty of $14,400.
    2007-09-14 03:14:00
  • Yen Heads for Weekly Loss as Demand for Riskier Assets Resumes

    Bloomberg - The yen rose earlier today after the U.K. government gave the central bank permission to provide emergency funds to Northern Rock Plc, the country's fourth-largest home lender. The mortgage lender cited a ``severe liquidity squeeze.'' The ...
    2007-09-14 02:02:00
  • State targets lender ethics

    Times Union - State targets lender ethics ... The effort is part of a nationwide push to crack down on mortgage lenders who defraud ... 50% off Times Union home delivery. Subscribe today!
    2007-09-14 01:55:00
  • Northern Rock Arranges Emergency Funding From Bank of England

    Bloomberg - ... bank stock this year, said the Bank of England agreed to provide emergency funds to ease a ``severe liquidity squeeze'' sparked by U.S. subprime mortgage defaults. The central bank will provide the nation's fourth-largest home lender with a ...
    2007-09-13 11:10:00
  • Asian Stocks Climb on Signs Credit Woes Easing; Banks Advance

    Bloomberg - Sept. 14 (Bloomberg) -- Asian stocks rose the most this month after the largest U.S. mortgage lender obtained new financing and Macquarie Bank Ltd. forecast record profit, easing concern global credit conditions will hurt earnings. Mitsubishi UFJ ...
    2007-09-13 11:18:00
  • Asian markets cheered by Wall Street, Macquarie's upbeat earnings ...

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... Overnight, the major US indexes closed higher after Countrywide, the nation's biggest mortgage lender, said it had arranged ...
    2007-09-13 11:39:00
  • Stocks Rise on Countrywide, GM News

    US News and World Report - NEW YORK (AP) -- Stocks advanced solidly Thursday, led by strong gains among the blue chips and mortgage lender Countrywide Financial Corp., which signaled a possible thawing in the credit markets with the announcement it had lined up additional ...
    2007-09-14 12:36:00
  • Japanese Stocks Higher; Nikkei Adds 306

    US News and World Report - The Dow Jones industrial average rose 133.23, or 1 percent, to 13,424.88 Thursday on strong gains by blue chip companies and as mortgage lender Countrywide Financial Corp. signaled a possible thawing in credit markets with the announcement it had ...
    2007-09-14 02:02:00
  • Northern Rock Gets Emergency Bank of England Funding (Update4)

    Bloomberg - ... Plc got emergency funding from the Bank of England, the biggest bailout of a British lender in 30 years, after a freeze in money markets left the mortgage ... Home Lender Seeks Emergency Funds From BOE Australian Investors Acquiring U.S., European ...
    2007-09-14 02:59:00
  • Lone Star extends offer to buy Accredited Home Lenders (KTRE-TV East Texas)

    DALLAS (AP) - Private buyout firm Lone Star Fund V L.P. has extended its offer to buy troubled subprime mortgage lender Accredited Home Lenders Holding Company for two days, until midnight Friday.
    2007-09-13 11:04:24
  • Countrywide's mortgage writing slumps (Daily Telegraph)

    The number of mortgages funded by Countrywide Financial, America's largest mortgage lender, tumbled by 17pc in August as the housing slowdown triggered by the crisis in the sub-prime sector hit home further.
    2007-09-13 08:15:48