Ambac, Using an Accounting Change, Posts Net Income (Update2) - Bloomberg

Aug. 6 (Bloomberg) -- Ambac Financial Group Inc. , the bond insurer that lost 92 percent of its stock market value in the past year, posted second-quarter net income after using an accounting change to record a $5.2 billion gain related to its debt ...

U.S. mortgage applications rise from 2000 low-MBA - Reuters

NEW YORK, Aug 6 (Reuters) - Demand for U.S. mortgage applications climbed last week from an eight-year low a week earlier, as home loan rates dipped from near 12-month peaks, according to data from the Mortgage Bankers Association on Wednesday. The ...

Mortgage applications rise 2.8% - CNN Money

WASHINGTON (AP) -- Mortgage application volume rose 2.8% during the week ending Aug. 1, according to the Mortgage Bankers Association's weekly application survey. The MBA's application index rose to 432.6 from 420.8 a week earlier, which was the ...

Freddie Mac Posts Fourth Straight Loss on Rising Default Costs - Bloomberg

Aug. 6 (Bloomberg) -- Freddie Mac , the second-largest U.S. mortgage-finance company, posted its fourth straight quarterly loss as record delinquencies drove up credit costs and said it will cut the common-stock dividend. The second-quarter net loss ...

Freddie Mac Posts Fourth Straight Loss on Rising Default Costs - Bloomberg

Aug. 6 (Bloomberg) -- Freddie Mac , the second-largest U.S. mortgage-finance company, posted its fourth straight quarterly loss as record delinquencies drove up credit costs and said it will cut the common-stock dividend. The second-quarter net loss ...

Want a Better Mortgage Payment? Know All Your Best Options - Transworld News

Want a Better Mortgage Payment? Know All Your Best Options Lower your rate with either a refinance 30 year fixed or see if you are eligible for a loan modification.

Governor signs comprehensive reforms to address foreclosure crisis - Empire State News

ALBANY - Governor David Paterson Tuesday signed into law a critical subprime lending reform bill which directly addresses the mortgage crisis in New York State. The Governor signed the bill in Queens, one of the areas in New York that has been hit ...

Democrats Ask Lenders To Lay Off Of Foreclosures - CNN Money

WASHINGTON -(Dow Jones)- Top Democrats on the U.S. House Financial Services Committee sent a letter to several mortgage lenders Tuesday urging them to withhold issuing more foreclosures until a key mortgage rescue provision of the housing bill is ...

UPDATE 1-U.S. lawmakers urge foreclosure delay until Oct 1 - Reuters

WASHINGTON, Aug 5 (Reuters) - Members of a congressional housing market oversight panel on Tuesday again urged the mortgage industry to hold off on foreclosures until legislation meant to help distressed U.S. homeowners can take effect on Oct. 1. The ...

Whitney: Credit crunch far from over - CNN Money

NEW YORK (Fortune) -- The credit crisis is far from over, star analyst Meredith Whitney tells Fortune magazine in its upcoming issue. Whitney, who audaciously - and correctly - predicted last October that Citigroup ( C , Fortune 500 ) would have to ...

Attorney pleads guilty to mortgage fraud - Newsday

BRIDGEPORT, Conn. - A real estate lawyer from Wilton has pleaded guilty to federal charges in a mortgage fraud scheme. Prosecutors say 45-year-old Joseph Kriz was part of a group that "flipped" properties _ buying them, developing them and selling ...

Only Bernanke Knows When General Mills Sells Debt Like Cheerios - Bloomberg

Aug. 5 (Bloomberg) -- Before credit markets from New York to London seized up a year ago, investment-grade companies could sell record amounts of debt in days. It took Tyco Electronics Ltd. Treasurer Mario Calastri 12 months to complete the bond sale ...

Maestro won't face the music - Asia Times

In an interview last week on CNBC, former US Federal Reserve chairman Alan Greenspan cast his eyes on the charred landscape of the national real estate market and offered high-minded criticisms of the obvious excesses and irrationalities that brought ...

Solomon Financial advises clients on real estate investments, home ... - Transworld News

Lisa Solomon , co-host of the Solomon Free Money Hour Talk Radio and CEO of Solomon Financial advises clients on real estate investments (residential and commercial) and options to lower your mortgage payment. “Since the mortgage crisis last year ...

Despair as BBC opts out of cricket bidding - Guardian Unlimited

As the England and Wales Cricket Board prepares to announce a £300m deal for its television rights, it emerged last night that the BBC had declined to bid for any of the more than two dozen live and highlights packages on offer, despite its repeated ...

Whitney: Credit crunch far from over - CNN Money

NEW YORK (Fortune) -- The credit crisis is far from over, star analyst Meredith Whitney tells Fortune magazine in its upcoming issue. Whitney, who audaciously - and correctly - predicted last October that Citigroup ( C , Fortune 500 ) would have to ...

Dollar Is Little Changed Versus the Euro Before Fed Decision - Bloomberg

Aug. 4 (Bloomberg) -- The dollar was little changed versus the euro before a Federal Reserve decision tomorrow when policy makers may leave interest rates on hold and emphasize risks to both economic growth and inflation. The Australian dollar rose ...

Center Stage Theater opens in Fontana; see video highlights - Fontana Herald News

Will the foreclosure crisis end soon? Local officials are hoping that the nation's real estate troubles (which have been especially severe in the Inland Empire) will begin to wane, although a report released last week indicated that United States ...

Priceline.com Includes Potential Hurricane Season Destinations In New ... - PR Inside

- Priceline.com Brian Ek, 203-299-8167 brian.ek@priceline.com Travelers who missed their first chance to book a Priceline Sunshine Guaranteed vacation package now have another opportunity. Today, priceline.com (Nasdaq: PCLN) www.priceline.com ...

Foreclosure crisis hits South Shore families - Taunton Gazette

The foreclosure crisis has ripped 1,031 houses from South Shore homeowners in the past 18 months – almost 500 of them in the first six months of this year. From January to June, 453 homeowners representing every South Shore town except one have ...

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