Mortgage and Financial News From 2008-1-31

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  • U.S. Initial Jobless Claims Rose to 375,000 Last Week (Update1)

    Bloomberg - Housing and mortgage-related companies are trimming staff as the economy slows. Morgan Stanley, Lehman Brothers Holdings Inc. and Credit Suisse Group are cutting about 1,640 jobs as the worst U.S. housing market in a quarter century slows ...
    2008-01-31 08:11:00
  • Florida subpoenas Countrywide for mortgage details

    Atlanta Journal Constitution - TALLAHASSEE, Fla. — Florida's attorney general is investigating Countrywide Financial Corp., a beleagured California-based mortgage lender, for possible unfair and deceptive business practices related to its home loans. Attorney General Bill ...
    2008-01-31 08:47:00
  • Home $weet home ... or financial folly

    CNN Money - If you want to own your home outright, prepaying your mortgage can be tempting. Doing so potentially could save you tens of thousands of dollars in interest and years of monthly payments. Here's when the move can be smart: If you are taking care of ...
    2008-01-31 08:11:00
  • Senate leaders prepared to vote on stimulus bill early next week - Forbes

    Senate leaders prepared to vote on stimulus bill early next weekForbes, NY - 38 minutes agoReid said there would likely be amendments to increase funding for home heating oil subsidies, food stamps, expanded unemployment insurance, mortgage ...
    2008-01-31 10:52:19
  • JPMorgan Tightens Loan Standards - TheStreet.com

    JPMorgan Tightens Loan StandardsTheStreet.com - 35 minutes agoThe New York-based bank is tightening lending standards on home equity loans made through brokers nationwide, according to a memo sent to mortgage brokers ...
    2008-01-31 10:55:07
  • US Stocks Rise, Trimming January Decline; MBIA, Ambac Advance - Bloomberg

    US Stocks Rise, Trimming January Decline; MBIA, Ambac AdvanceBloomberg - 34 minutes agoEarlier losses in financial shares were also spurred by an S&P report that mortgage-related writedowns may exceed $265 billion. ...
    2008-01-31 10:55:50
  • A Look at Master Data Management as a Key Foundation for a ... - SYS-CON Media

    A Look at Master Data Management as a Key Foundation for a ...SYS-CON Media, NJ - 34 minutes agoFor example, a bank may have data on a specific customer in the retail banking, home mortgage, and student loan branches. With customer information siloed ...
    2008-01-31 10:55:55
  • Pulte Reports Fourth-Quarter Loss of $893.3 million - Builder Magazine

    Pulte Reports Fourth-Quarter Loss of $893.3 millionBuilder Magazine, DC - 33 minutes ago"Levels of new- and existing-home inventory remain elevated, buyer demand for new homes continues to be weak, and mortgage availability is still a problem ...
    2008-01-31 10:56:48
  • TOUSA Receives Interim Court Approval of $135 Million Financing ... - PR Newswire (press release)

    TOUSA Receives Interim Court Approval of $135 Million Financing ...PR Newswire (press release), NY - 25 minutes agoIt also provides financial services to its homebuyers and to others through its subsidiaries, Preferred Home Mortgage Company and Universal Land Title, ...
    2008-01-31 11:04:51
  • S&P warns sub-prime losses may hit $265bn - Telegraph.co.uk

    S&P warns sub-prime losses may hit $265bnTelegraph.co.uk, United Kingdom - 25 minutes agoS&P has downgraded or placed on credit watch $534bn (£268bn) worth of assets related to the ailing US sub-prime mortgage market, which the agency has warned ...
    2008-01-31 11:05:03
  • Senate Democrats Delay Stimulus Showdown - Washington Post

    Senate Democrats Delay Stimulus ShowdownWashington Post, United States - 24 minutes ago... heating assistance for the poor, home weatherization funds, mortgage counseling and a plan to allow states to offer tax-free home-building bonds. ...
    2008-01-31 11:05:49
  • Kearny Financial Corp. Reports Second Quarter 2008 Operating Results - CNNMoney.com

    Kearny Financial Corp. Reports Second Quarter 2008 Operating ResultsCNNMoney.com - 23 minutes agoInterest income from mortgage-backed securities, securities and other interest-earning assets, primarily cash and cash equivalents, increased $432000 to ...
    2008-01-31 11:07:13
  • Fidelity National Financial, Inc. Reports Fourth Quarter 2007 EPS ... - Insurance News Net (press release)

    Fidelity National Financial, Inc. Reports Fourth Quarter 2007 EPS ...Insurance News Net (press release), PA - 22 minutes ago"Our two minority-owned investments benefited from the long-term, contractual nature of their revenue streams from outside of the mortgage and real estate ...
    2008-01-31 11:08:04
  • Last year’s model: stricken US homeowners confound predictions - Financial Times

    Last year’s model: stricken US homeowners confound predictionsFinancial Times, UK - 18 minutes agoMortgage borrowers, in other words, did not behave as expected. The issue at stake revolves around so-called delinquency rates, the proportion of people who ...
    2008-01-31 11:12:22
  • Economic Downturn Prompts More Virginia Budget Cuts - WJLA

    Economic Downturn Prompts More Virginia Budget CutsWJLA, DC - 18 minutes agoAlarming downturns in the stock market and continued troubles in the real estate and home mortgage industries prompted an alarmed Federal Reserve to lower ...
    2008-01-31 11:12:35