Mortgage and Financial News From 2008-7-21 Page 11
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Officials say state banks remain safe (Brattleboro Reformer)
BRATTLEBORO -- While the financial news has been dominated lately by home foreclosures and banking turmoil, officials in Vermont say there is no need to panic or start a new financial approach by stuffing dollars under a mattress.
2008-07-21 06:08:35 -
Don't Write Off This Mortgage Insurer (KiplingerForecasts.com)
Shares of Old Republic International have been battered, but the company's property-and-casualty division should help it withstand a lot of hits.
2008-07-21 06:09:57 -
When it Comes to Your Cash, Think Safety (KiplingerForecasts.com)
Yields are in the cellar, but you don't have to settle for 2%.
2008-07-21 06:10:37 -
Bank Of America's Profit Falls 41 Percent (NBC 5 Chicago)
Bank of America says its second-quarter profit fell 41 percent, as credit quality continued to weaken. But its resulst easily beat Wall Street estimates.
2008-07-21 06:24:02 -
Shareholders shun HBOS rights issue - Croydon Guardian
Underwriters were left with the vast majority of new HBOS shares after investors shunned the bank's £4 billion rights issue. HBOS said shareholders bought just 8.29% of the heavily discounted stock offered under the scheme to help bolster the group ...
2008-07-21 04:43:00 -
Ahead of the Bell: Bank of America 2Q earnings - CNBC
CHARLOTTE, N.C. - Bank of America Corp. is expected to release second-quarter financial results on Monday. The report, due before the market opens, kicks off another week of earnings from the struggling banking sector. Crosstown rival, Charlotte ...
2008-07-21 03:03:00 -
Bank of America Earnings Drop Less Than Estimates (Update1) - Bloomberg
July 21 (Bloomberg) -- Bank of America Corp. , the biggest U.S. consumer bank and home lender, said second-quarter profit fell less than analysts estimated on record revenue and gains in investment banking. Bank of America advanced 8.8 percent in ...
2008-07-21 04:36:00 -
Earnings Preview: Wachovia 2Q results - Boston Globe
CHARLOTTE, N.C.— Wachovia Corp. reports second-quarter financial results on Tuesday. The following is a summary of key developments and analyst opinion related to the period. OVERVIEW: Wachovia's woes don't appear to be easing. Robert Steel, former ...
2008-07-21 04:14:00 -
Acquired Mortgage Companies Increase as Failures Decline - MSN MoneyCentral
DALLAS , July 21 /PRNewswire/ -- Mortgage-related company failures have fallen as the number of acquisitions has grown, according to data tracked at http://www.MortgageGraveyard.com , a journal of failed, ailing and acquired lenders. During the ...
2008-07-21 04:00:00 -
CEO Salaries Weather Mortgage Crisis - ABC News
The chiefs of the nation's two largest mortgage lenders reaped roughly $30 million in salary, incentives and other perks last year, despite setting their banks on courses which now may require government bailouts. WASHINGTON - SEPTEMBER 20: Daniel ...
2008-07-21 02:56:00 -
Freddie Mac Moves Closer to Share Sale (New York Times)
Freddie Mac won approval from regulators on Friday to sell the stock needed to overcome mounting losses, following a report in The Wall Street Journal that the mortgage finance company may seek $10 billion in a move to raise capital.
2008-07-21 04:38:33 -
For banks, everyone feels the pain (North Bay Business Journal)
NORTH BAY – While the Federal Reserve draws up new requirements for lenders designed to avoid future market crises, bank stocks have suffered almost across the board.
2008-07-21 04:42:02 -
MDA Announces MDA Lending Solutions, Inc. in the U.S. (Business Wire via Yahoo! Finance)
WILMINGTON, Del.----MacDonald, Dettwiler and Associates Ltd. is pleased to introduce MDA Lending Solutions, Inc. in the U.S. This organization, previously known as TransUnion Settlement Solutions, is part of the continued strategic expansion of MDA’s Information Products business in the U.S.
2008-07-21 05:00:00 -
Massachusetts Foreclosures Continue in Holding Pattern as New Regulations Take Effect (Business Wire via Yahoo! Finance)
FRAMINGHAM, Mass.----ForeclosuresMass.com, the leading provider of Massachusetts foreclosure data for investors, real estate professionals and mortgage brokers, released its latest Massachusetts Market Analysis Report today.
2008-07-21 05:00:00 -
Homeowner help available (The Post and Courier)
Foreclosure counselors across the country are having to deal with an array of unpleasant tasks, from consoling financially struggling homeowners to negotiating with lenders' notoriously unfriendly loss-mitigation department to — battling misconceptions about mortgage fraud?
2008-07-21 05:07:01