Mortgage and Financial News From 2007-8-29 Page 15

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  • Malaysian shares extend losses after Wall St's steep decline - UPDATE

    Forbes - KUALA LUMPUR (Thomson Financial) - Malaysian shares extended their losses in mid-morning trade Wednesday after Wall Street's sharp decline overnight amid doubts whether the US Federal Reserve will cut interest rates to help end the current financial ...
    2007-08-29 04:49:00

  • Malaysian shares end morning sharply lower on Wall St fall (Sharewatch)

    KUALA LUMPUR (Thomson Financial) - Malaysian shares ended Wednesday's morning session sharply lower following Wall Street's decline amid doubts whether the Federal Reserve will cut interest rates to help end the current financial turmoil.
    2007-08-29 05:26:18

  • Benchmark rates inch up on US housing woes (The Manila Times)

    A LINGERING subprime property crisis in the United States caused the Philippines’ benchmark interest rates to increase. At the Bureau of Treasury auction on Tuesday, yields on three- and six-month debt papers inched up.
    2007-08-28 02:46:17

  • Wall St heading lower before Fed minutes (FT.com via Yahoo! News)

    Wall Street was on course for a lower start on Tuesday, as traders awaited the release of minutes from the US Federal Reserve's last meeting for clues on the Fed's current thinking on interest rates.
    2007-08-28 01:10:35

  • Wall St slips before Fed minutes (FT.com via Yahoo! News)

    Wall Street fell in morning trading on Tuesday, as investors awaited the release of minutes from the US Federal Reserve's last meeting for clues on the Fed's current thinking on interest rates.
    2007-08-28 03:15:43

  • National Bank of Hungary official interest rates - 29/08/2007 (Interfax)

    BUDAPEST. AUGUST 29. INTERFAX CENTRAL EUROPE - Following is a table of official money market rates as set by the National Bank of Hungary (MNB). The Central Bank's Monetary Policy Council kept official interest rates unchanged at its August sitting.
    2007-08-29 06:55:44

  • IndyMac Is Hiring

    Street.Com - IndyMac ( IMB - Cramer's Take - Stockpickr ) hired 600 former employees of failed mortgage outfit American Home Mortgage. The Pasadena, Calif.-based lender said in a statement that most of the workers are loan officers focusing on single-family ...
    2007-08-28 08:35:00

  • Court to hear foreclosure case

    Baltimore Sun - The Maryland Court of Appeals has agreed to hear arguments in the foreclosure case of Kwaku Atta Poku, the Columbia cab owner who lost his home after refinancing, despite making every mortgage payment. The decision by the state's highest court to ...
    2007-08-29 07:55:00

  • Fitch downgrades homebuilders

    BusinessWeek - Fitch Ratings downgraded its credit ratings on several homebuilders Tuesday, citing the companies' challenging outlook in light of problems in the home mortgage industry and other factors. Fitch said in a statement that the cyclical U.S. housing ...
    2007-08-29 12:24:00

  • CIT Closes Home Lending Unit, Shares Slide

    Forbes - ... closed its subprime mortgage unit, Capital One Financial (nyse: COF - news - people ) shut down the wholesale unit of GreenPoint Mortgage last week, and American Home Mortgage Investment (nyse: AHM - news - people ...
    2007-08-28 08:07:00

  • OSHA fines Canton firm following fatal explosion

    Boston Globe - IndyMac said it hired 600 people from now-bankrupt American Home Mortgage Investment Corp. and may end up with as many as 850 former AHM employees. The company also hired 440 people from New York Mortgage Co. The bank said it is able to expand ...
    2007-08-29 09:00:00

  • American Home Mortgage sued

    Newsday - Waldner's Home Environments Inc., a Farmingdale-based office furniture company that is helping to represent the more than 1,000 creditors owed money by the bankrupt American Home Mortgage Investment Corp., last week filed a separate lawsuit to ...
    2007-08-27 09:34:00

  • IndyMac to hire up to 850 ex-American Home workers

    CNBC - NEW YORK (Reuters) - IndyMac Bancorp Inc , the ninth-largest U.S. mortgage lender, said on Tuesday it expects to hire as many as 850 former employees of bankrupt rival American Home Mortgage Investment Corp as it prepares for a ...
    2007-08-28 09:11:00

  • Mortgage Lender Hires 600

    Wall Street Journal - Indymac Bancorp Inc. announced a hiring spree to bolster its direct mortgage-lending business while Barclays PLC's newly acquired U.S. subprime business cut jobs. The moves come as home-mortgage lenders struggle to adapt to turmoil caused by a sharp ...
    2007-08-29 04:06:00

  • Incredibly, the snowballing crisis in the home mortgage industry has ...

    Charleston Gazette - Some homebuilders and hedge fund operators worsened the mess, according to “Bonfire of the Builders,” a Business Week cover story. It cites this example: Elizabeth and Armando Motto, who have four children and make $145,000 a year, agreed to pay ...
    2007-08-29 04:49:00

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