Mortgage and Financial News From 2007-11-12 Page 21
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SAVE THE DATE: Seminar to discuss reverse mortgages (Courier-Post)
South Jersey Federal Credit Union will offer a free reverse mortgage seminar Nov. 17 at its Deptford branch, 1615 Hurffville Road, from 9 to 10:30 a.m.
2007-11-12 12:12:31 -
Stock futures flat after tumble last week
Miami Herald - The bank will announce a $1 billion charge to its portfolio of high-risk subprime mortgages when it reports third-quarter ... It was the blue chip index's second-straight week in the red as the credit market slump shows no sign of abating. Dow ...
2007-11-12 04:46:00 -
BHP, Boeing, Citigroup, E*Trade, JPMorgan: U.S. Equity Preview
Bloomberg - The world's second-biggest manufacturer of commercial airliners won an order for 100 planes valued at $13.7 billion from ... The online brokerage that also underwrites mortgages said earnings will fall short of the company's forecast because of a drop ...
2007-11-12 05:14:00 -
Wall Street Flat Ahead of Open
Newsday - ... subprime mortgages when it reports third-quarter results from its U.S. division, according to the report. These worries could extend losses on the Dow Jones industrial average, which fell 4.06 percent last week. It was the blue chip index's second ...
2007-11-12 05:21:00 -
Philippine shares close lower on Wall St's slide, key index at 6-wk ...
Forbes - ... Co and Wachovia Corp -- all warned they might book further losses in the fourth quarter from subprime mortgages. The Philippine composite index ended down 85.29 points or 2.3 percent at 3,618.37, off a low of 3,608.16. It was the index's second big ...
2007-11-11 09:22:00 -
Swiss Franc Rises to Two-Month High as Carry Trades Are Unwound
Bloomberg - ... as traders retreated from so-called carry trades on concern banks will post further losses linked to U.S. subprime mortgages ... Switzerland's 2.75 percent interest rate, the second-lowest among industrialized economies, makes the franc a popular ...
2007-11-12 05:14:00 -
Tapped Out
Philadelphia Inquirer - Second of two parts. Shortly after 4 p.m. on Jan. 20, 2005, Joe Smith was found riddled with bullets in the backseat of an ... from the agents and investigators who conducted the probe; financial and real estate records, including deeds, mortgages, bank ...
2007-11-12 05:29:00 -
Asian Stocks Decline as Subprime Losses Widen, Yen Strengthens
Bloomberg - ... three months, on speculation HSBC Holdings Plc and other banks will report increased losses related to U.S. subprime mortgages ... that a plan by China to allow some of its citizens to invest directly in Hong Kong was postponed until at least the second ...
2007-11-12 01:54:00 -
Adopting a Humanitarian View
Connecticut Post - It's really too bad it's so expensive — a lot of people have to borrow money, take out second mortgages and so forth. "In international adoptions, for example, the couples have to take two or even three trips to China or Russia, say, before they ...
2007-11-11 09:00:00 -
India's Sensex has Longest Six-Day Slide in Almost Five Years
Bloomberg - ... Technologies Ltd. led declines among the nation's biggest companies on concern losses related to U.S. subprime mortgages will ... Infosys, the country's second- biggest software developer, declined 3.6 percent to 1,641.95. The two make up about 22 ...
2007-11-12 02:58:00 -
A $45 Billion Writedown Won't Stop Second-Best Wall Street Year
Bloomberg - ... of $84 billion of market value at the five largest securities firms, Wall Street still is poised to report its second-most ... bank by assets, shut its Dillon Read Capital Management LLC hedge fund unit in May because of losses on subprime mortgages. A ...
2007-11-12 05:07:00 -
HSBC, the Subprime Seer: Sanguine View Isn't Likely
Wall Street Journal - Aside from being a major lender, HSBC Finance has a large portfolio of second mortgages, which tend to be among the first to go bad. Losses at the U.S. finance unit have been indicative of broader shortfalls among subprime mortgages, which then filter ...
2007-11-12 03:48:00 -
CORRECTED-UPDATE 1-Bank of America faces market "dislocations"
Reuters - Last: NEW YORK, Nov 12 (Reuters) - Bank of America Corp (BAC.N: Quote , Profile , Research ), the second-largest U.S. bank, on Friday said "significant dislocations" in the debt capital markets, including those related to mortgages, will hurt fourth ...
2007-11-12 04:53:00 -
Widening cracks in the West
Globe and Mail - Looking back, the warning signs were clear: instant credit approvals on everything from second mortgages to cars to vacations; oversubscribed low-yield debt issues funding highly leveraged takeovers; financial engineering so extreme that investors ...
2007-11-12 03:56:00 -
Asian Stocks Decline as Subprime Losses Widen, Yen Strengthens (Bloomberg.com)
Nov. 12 (Bloomberg) -- Asian stocks tumbled, sending a regional index to its biggest drop in three months, on speculation HSBC Holdings Plc and other banks will report increased losses related to U.S. subprime mortgages.
2007-11-12 02:12:45