Mortgage and Financial News From 2007-8-22 Page 4

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  • H&R Block draws on $1.05 billion line of credit

    Marketwatch - SAN FRANCISCO (MarketWatch) - With plans to sell-off its Option One subprime mortgage business already set, H&R Block Inc. said Wednesday it has used $1.05 billion in credit lines to stabilize operations. The drawing of credit by subsidiary Block ...
    2007-08-22 03:20:00

  • Wall Street rallies amid takeover talk

    MSNBC - ... Treasury market and an increase in borrowing by banks as signs that the Federal Reserve’s efforts to loosen up the credit ... third-quarter profit tumbled, hurt by hefty writedowns and higher-than-expected cancellations, the results were not as bad ...
    2007-08-22 06:41:00

  • Wall Street Turns to Bernanke

    US News and World Report - And since that public financial freakout, the bad news has continued to flow about the mortgage credit crunch, and stocks have continued to fall. Not that the Fed has done nothing. Over the past week and a half, it has injected some $64 billion into ...
    2007-08-22 07:16:00

  • Improving your credit report

    MyFinances.co.uk - Barclays mortgages Get advice & no obligation quotes on Barclays mortgages. Fill out the form below to contact an impartial mortgage advisor. 2nd Mortgage And Bad Credit 2nd Mortgage And Bad Credit? Find out how to How To Rebuild Your Credit Rating at ...
    2007-08-22 04:46:00

  • Transcript: Credit Markets

    Washington Post - ... banks that do, so we don't have to hassle with these so-called "servicing" companies that, in fact, provide very bad ... Arlington, Va.: Do you see the tightening of the mortgage credit market spilling into other consumer credit sectors? Specifically ...
    2007-08-22 05:36:00

  • Some home lenders go into hibernation

    BusinessWeek - The turbulence in the mortgage market began in February when "subprime" lenders, which cater to borrowers with bad credit, reported borrowers were missing more payments. This ignited a wave of bankrupt lenders, most notably New Century Financial Corp ...
    2007-08-22 07:52:00

  • Mortgage crisis widens at Accredited, HSBC, Lehman

    MSN MoneyCentral - ... Reuters) - The U.S. mortgage and credit ... push overall bad debts from January to June up 63 percent from a year earlier to $6.35 billion. As other lenders struggled with credit, IndyMac Bancorp Inc , a Pasadena, California thrift and mortgage ...
    2007-08-22 07:16:00

  • More bankruptcies, job cuts, survival loans as mortgage shakeout ...

    Seattle Times - The turbulence in the mortgage market began in February when "subprime" lenders, which cater to borrowers with bad credit, reported borrowers were missing more payments. This ignited a wave of bankrupt lenders, most notably New Century Financial. A ...
    2007-08-22 08:14:00

  • Credit Markets (Washington Post)

    Washington Post business columnist Steven Pearlstein was online Wednesday, Aug. 22 at 11 a.m. ET to discuss whether the credit markets are a better way to finance businesses and households than old-fashioned banks.
    2007-08-22 05:11:13

  • Mortgage job losses surpass 38,000 (AP via Yahoo! News)

    At the North Carolina offices of mortgage lender HomeBanc Corp., Archie Clark is the only employee left. But in a few days, he'll be gone, too.
    2007-08-22 07:48:19

  • 3 ways to help borrowers without bailing them out (USATODAY.com via Yahoo! News)

    The July foreclosure numbers that came out Tuesday are a sobering reminder of just how bad the nationwide mortgage crisis is becoming. Fueled in large part by shaky lending to people with less than perfect credit, foreclosure filings nearly doubled from a year ago and are running at an annual rate of more than 2 million.
    2007-08-22 04:22:00

  • Ratings Firms Scrutinized for Role in Credit Mess (NPR)

    As foreclosures continue to rise, regulators and others are questioning the role of credit agencies, which gave top ratings to risky mortgage-backed securities. Critics say the system, in which firms are paid by the companies they rate, is inherently flawed.
    2007-08-22 01:16:28

  • Mortgage crisis widens at Accredited, HSBC, Lehman (Reuters via Yahoo! UK & Ireland News)

    The U.S. mortgage and credit crisis deepened on Wednesday, as Accredited Home Lenders Holding Co, HSBC Holdings Plc and Lehman Brothers Holdings Inc announced a total of 3,400 job cuts, as concern mounted about the longer-term impact on the economy.
    2007-08-22 07:38:00

  • Mortgage crisis widens at Accredited, HSBC, Lehman (Reuters via Yahoo! News)

    The U.S. mortgage and credit crisis deepened on Wednesday as Accredited Home Lenders Holding Co, HSBC Holdings Plc and Lehman Brothers Holdings Inc announced job cuts and concern mounted about the longer-term impact on the economy.
    2007-08-22 08:28:08

  • Mortgage Lender Insolvencies Due To Bad Credit Are Nearing An End, Study Finds (PR Newswire via Yahoo! Finance)

    Mortgage lender insolvencies due to poor underwriting are probably nearing an end, according to a study of credit risk published today by SMR Research Corp. of Hackettstown, NJ.
    2007-08-22 01:42:00

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