Mortgage and Financial News From 2008-1-10 Page 71

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• Even as Countrywide’s stock drops, its home loan delinquencies surge

  Buffalo News - Countrywide Financial Corp.’s stock tumbles for the second day Wednesday after the largest U.S. mortgage lender said the delinquency and foreclosure rate of its home loans had surged. LOS ANGELES — Countrywide Financial Corp., its stock pummeled ...
  2008-01-10 03:36:00

• Charcol for sale with a £50m tag - This is Money

  Charcol for sale with a £50m tagThis is Money, UK - 2 hours agoThe sale comes at a difficult time, with the mortgage market spooked by the subprime lending fiasco, the multi-billion rescue of major lender Northern Rock, ...
  2008-01-10 02:10:15

• Pella, maker of windows, to shut plant in Story City - DesMoinesRegister.com

  Pella, maker of windows, to shut plant in Story CityDesMoinesRegister.com, IA - 2 hours agoForeclosures in the subprime market have rippled through the national economy, bankrupting lenders and pummeling the home-building industry. ...
  2008-01-10 02:10:37

• Halifax drums up empty homes' support - Mortgage Introducer

  Halifax drums up empty homes' supportMortgage Introducer, UK - 1 hour agoThe lender revealed that two thirds of the population believe the government needs to do more to combat the problem of empty homes - defined as properties ...
  2008-01-10 02:17:08

• Mixed Voices business column - KC Community News

  Mixed Voices business columnKC Community News, KS - 1 hour agoThe subprime mortgage market arose for reasons unrelated to the aspirations and financial resources of most home owners and potential home buyers. Lenders ...
  2008-01-10 02:17:28

• E-Trade takes steps to restructure business - ChronicleHerald.ca

  E-Trade takes steps to restructure businessChronicleHerald.ca, Canada - 1 hour agos shares fell for the second day Wednesday after the largest US mortgage lender said the delinquency and foreclosure rate of its home loans surged in ...
  2008-01-10 02:20:33

• Communities Could Wait Years To Get Haven's Taxes - Hartford Courant

  Communities Could Wait Years To Get Haven's TaxesHartford Courant, United States - 1 hour agoIn addition, Haven Health remains responsible for taxes, mortgage and lease payments, and the provider fee in 2008. The properties it owns or leases ...
  2008-01-10 02:25:40

• Cheviot out to buck foreclosure trend - Cincinnati Enquirer

  Cheviot out to buck foreclosure trendCincinnati Enquirer, OH - 1 hour agoAt midyear, according to a survey by the Mortgage Bankers Association, 3.6 percent of Ohio's mortgages were in foreclosure. That was the highest rate in the ...
  2008-01-10 02:28:09

• Most Asian stocks end lower as Wall Street fails to convince - UPDATE - CNNMoney.com

  Most Asian stocks end lower as Wall Street fails to convince - UPDATECNNMoney.com - 1 hour agoShares of the nation's largest mortgage lender tumbled Tuesday amid bankruptcy rumours that the company said were baseless. Goldman Sachs said it expects ...
  2008-01-10 02:37:33

• Cap Fed survives mortgage crisis - Topeka Capital Journal (subscription)

  Cap Fed survives mortgage crisisTopeka Capital Journal (subscription), KS - 1 hour agoNationally, more than 200 lenders have imploded as a result of reckless subprime mortgage lending and record home foreclosures. One of the nation's largest ...
  2008-01-10 02:46:44

• Losing home? event may help - Alameda Times-Star

  Losing home? event may helpAlameda Times-Star, CA - 1 hour agoThe Consumer Home Mortgage Town Hall and Resource Fair will be held at 10 am Saturday on the third floor of Oakland's City Hall in Frank Ogawa Plaza. ...
  2008-01-10 02:46:51

• 'Repo tour' covers streets of broken dreams - San Jose Mercury News

  'Repo tour' covers streets of broken dreamsSan Jose Mercury News,  USA - 1 hour agoDias' home tour is just one more high-profile sign of the mortgage crisis that has hit the Stockton area particularly hard. RealtyTrac, a real estate data ...
  2008-01-10 03:04:39

• Halifax calls for action on empty homes - Your Mortgage

  Halifax calls for action on empty homesYour Mortgage, UK - 1 hour agoThis will encourage people who take on an empty home to re-introduce them into the housing stock within a 12-month period. Jaedon Green, head of mortgage ...
  2008-01-10 03:07:06

• Impact of US Dollar Inflation and Devaluation - ILLUSION, MYTH AND ... - The Market Oracle

  Impact of US Dollar Inflation and Devaluation - ILLUSION, MYTH AND ...The Market Oracle, UK - 54 minutes agoOne must go into debt to enjoy the “WEALTH AFFECT” and decimate his balance sheet with mortgage debt. This was good for lenders for awhile. ...
  2008-01-10 03:18:06

• Freddie Mac's Strength Rating May Be Cut by Moody's (Update4) - Bloomberg

  Freddie Mac's Strength Rating May Be Cut by Moody's (Update4)Bloomberg - 35 minutes agoMore than 100 mortgage lenders were shut, scaled back or sold last year as US home foreclosures rose to the highest on record. US home prices may fall 12 ...
  2008-01-10 03:37:23

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