Mortgage and Financial News From 2008-2-20 Page 18

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  • New Md. Rules Aim To Aid Those Facing A Risk of Foreclosure

    Washington Post - With the new regulations, Maryland became the second state after California to mandate that loan service companies provide detailed information about homeowners with adjustable rate mortgages that are about to reset to higher interest rates. This ...
    2008-02-20 03:37:00
  • Latin American domestic securitizations to see slower growth in 2008 ...

    Forbes - Mortgages were the second most-common asset type to be securitized in domestic markets in 2007, with Mexican MBS making up the majority of the domestic MBS. A key factor in the rise in cross-border volume, which was up 109 pct in 2007 to 3.15 bln usd ...
    2008-02-20 03:37:00
  • KKR Financial Delays Repayments, Starts Negotiations (Update4)

    Bloomberg - The fund, which invests in corporate debt and mortgages, agreed with holders of its residential mortgage-backed securities to defer repayment a second time, KKR said in a regulatory filing yesterday. About half the debt will be due by March 3 instead ...
    2008-02-20 04:27:00
  • U.S. Stock Futures Drop; Morgan Stanley, AT&T Fall in Europe (Bloomberg.com)

    Feb. 20 (Bloomberg) -- U.S. stock-index futures declined on speculation financial firms will post more writedowns and a report will show housing starts last month remained near the lowest level since 1991. Shares in Europe and Asia also fell.
    2008-02-20 04:58:59
  • Demand for resources buoys Australia's convertible bond sector (International Herald Tribune)

    The sector seems likely to come through the credit crisis in better shape than other parts of the debt market, as booming demand for minerals encourages lending to Australian resource companies.
    2008-02-20 04:59:08
  • Recession Watch: Inflation Rears Its Head (BusinessWeek Online via Yahoo! News)

    The market has been preoccupied with the Fed's interest rate cuts, the health of the housing sector, and prospects for the broader U.S. economy. But new record highs reached Feb. 19 in crude oil and other commodities remind us that our old foe, inflation, may be ready to seize the spotlight yet again. Here is a roundup of what some Wall Street economists and strategists -- and Fed officials -- ...
    2008-02-20 05:08:42
  • Alliance & Leicester shares hit after credit crunch earnings warning (The Herald)

    Alliance & Leicester today warned that soaring funding costs would leave 2008 earnings lower than last year as it suffers amid the credit crunch. The mortgage bank said the crisis in credit markets would cost it an extra £150 million a year in securing funds for new business.
    2008-02-20 05:14:36
  • Stocks in Europe, Asia Drop, Led by Banks; U.S. Futures Decline (Bloomberg.com)

    Feb. 20 (Bloomberg) -- Stocks fell in Europe and Asia and U.S. index futures retreated on concern expanding losses in credit markets will curb earnings growth and $100-a-barrel oil will hurt consumer spending.
    2008-02-20 05:17:55
  • French bank BNP Paribas posts 42 per cent drop in 4th-quarter net profit (The Canadian Press via Yahoo! Canada News)

    PARIS - BNP Paribas SA confirmed Wednesday that fourth-quarter net profit plunged 42 per cent due to writedowns of securities affected by the financial markets crisis.
    2008-02-20 05:29:00
  • Asian markets tumble after oil's spike above US$100 a barrel fans inflation worries (The Canadian Press via Yahoo! Canada News)

    BANGKOK, Thailand-Asian markets sank Wednesday as an overnight spike in oil prices above $100 a barrel fueled concerns about accelerating inflation and higher costs for consumers and companies.
    2008-02-20 05:31:00
  • FTSE continues to fall (Investors Chronicle)

    Leading shares accelerated early losses as sentiment took a turn for the worse in the face of fresh woes in the banking sector.
    2008-02-20 05:44:35
  • Host Hotels & Resorts, Inc. Reports Strong Growth in Operating...

    MSN MoneyCentral - Adjusted EBITDA (Earnings before Interest Expense, Income Taxes, Depreciation, Amortization and other items ... million, respectively, net of discount, of exchangeable senior debentures $4,114 $3,526 Mortgage ...
    2008-02-20 03:01:00
  • BoE MPC voted 8-1 to cut rates to 5.25 pct, Blanchflower wanted half ...

    Forbes - The eight, including governor Mervyn King, said interest rates were still bearing ... the scale and distribution of write-downs by banks relating to subprime mortgage ... News and its third party content providers for your personal information only ...
    2008-02-20 01:43:00
  • What Can Brown Do For MBIA?

    Street.Com - ... role in the capital markets." Bond insurers guarantee payment of interest and ... which is facing the potential of huge losses amid a blow-up in the subprime mortgage ... It was only when the bond insurance companies decided for reasons of ...
    2008-02-20 03:59:00
  • UPDATE 4-A&L writedown hits profits, funding costs jump

    Forbes - The costs depressed A&L's net interest margin to 0.93 percent in the fourth quarter ... the wholesale markets are unlikely to function at economic levels for UK mortgage ... Analysts said it could be the only UK bank not to promise a higher payout. Rhodes ...
    2008-02-20 04:20:00