Mortgage and Financial News From 2008-1-9 Page 27

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  • 'Inexperienced' Swan returns Costello's rates fire (Australian Broadcasting Corporation)

    Federal Treasurer Wayne Swan has dismissed an attack from the former treasurer Peter Costello on his economic credibility.
    2008-01-09 03:41:37

  • Petro Rubiales: Net Proved Reserves Up 445% (Rigzone)

    Petro Rubiales Energy Corp. announced a significant increase in proved oil reserves ("1P") and proved plus probable oil reserves ("2P"). The Company has received a revised independent engineering and economic evaluation of its assets from Petrotech Engineering Ltd. ("Petrotech") dated as of November 30, 2007 (the "Petrotech Report").
    2008-01-09 03:48:43

  • Washington Mutual stock falls amid mortgage woes

    Reuters - Shares of Seattle-based WaMu, one of the nation's largest home lenders, were down $1.46, or 11.5 percent, to $11.27 ... in other mortgage lenders after Countrywide Financial Corp (CFC.N: Quote , Profile , Research ), the largest U.S. mortgage lender ...
    2008-01-09 12:41:00

  • Lender's shares hit all-time low

    Arizona Daily Star - Shares of Countrywide Financial Corp., the nation's largest mortgage lender, sank to an all-time low Tuesday as a major home builder offered a grim outlook for the industry and the Bush administration signaled it is growing more concerned about ...
    2008-01-09 01:52:00

  • Corporate Default Risk Rises as Goldman Predicts U.S. Recession

    Bloomberg - Credit-default swaps on Countrywide, the biggest U.S. mortgage lender, rose for a second day on concern that rising defaults on home loans and the collapse of the subprime market will force the Calabasas, California-based company into bankruptcy. The ...
    2008-01-09 02:57:00

  • Commonwealth Bank joins rivals with rate hike

    News.com.au - THE Commonwealth Bank is hoping to snare a higher share of the home lending market by not raising its variable rates by as much as its rival. Australia's largest bank and mortgage lender delivered a 10-basis-point rise in its standard variable rate ...
    2008-01-09 01:10:00

  • Countrywide, Florida's largest mortgage lender, defends financial ...

    Orlando Sentinel - Countrywide Financial Corp. tried to fend off speculation about its financial viability today, announcing that its home-loan fundings had risen above forecast last month. The nation's largest mortgage lender, also the largest in Florida, said it ...
    2008-01-09 12:05:00

  • DuPont, Countrywide among big movers

    CNBC - The nation's largest mortgage lender said the delinquency and foreclosure rate of home loans in its portfolio surged in December. Mosaic Co., down $4.12 at $84.25 Fiscal second-quarter profit rose on higher phosphate and potash prices, but the ...
    2008-01-09 10:25:00

  • Countrywide: Lending stabilizes, foreclosures up

    Reuters - In its monthly operating report, the largest U.S. mortgage lender said it funded $23.4 billion of home loans in December, up 1 percent from the prior month, though down 44 percent from $41.7 billion a year earlier. Average daily mortgage loan ...
    2008-01-09 02:35:00

  • How to Get 600 or More on Your Credit Score

    Street.Com - Whether you're hoping to score a mortgage, a home equity loan or an auto loan, getting the thumbs-up from a lender has gotten a lot harder in recent months. Thanks to the ongoing subprime lending mess, lenders have tightened credit standards ...
    2008-01-09 10:03:00

  • Countrywide's home loan delinquencies surge, stock drops

    San Francisco Gate - del.icio.us (01-09) 08:50 PST Los Angeles (AP) -- Countrywide Financial Corp. says the delinquency and foreclosure rate of home loans in its portfolio surged in December. The news on Wednesday drove shares of the nation's largest mortgage lender down ...
    2008-01-09 10:46:00

  • Wall Street gives up morning gains

    CNBC - HOME ... Countrywide on Wednesday said it funded $23.4 billion of mortgage loans in December, up 1 percent from November. The lender, which on Tuesday declared it ...
    2008-01-09 11:58:00

  • Financial crisis:

    News.com.au - The revelation came as the Commonwealth Bank, Australia's biggest home mortgage lender, raised its variable home loan rate by 10 basis points to 8.67 per cent in response to the global credit crunch and independent of any action by the Reserve Bank. ...
    2008-01-09 11:36:00

  • Countrywide foreclosures, late payments at record

    Globe and Mail - Home   National British Columbia Prairies Ontario Quebec Atlantic Politics Education World Americas Europe Asia-Pacific Africa ... Shares of largest U.S. mortgage lender tumble again, for drop of 33 per cent in two days ... Read the full article This conversation ...
    2008-01-09 02:00:00

  • Countrywide Says Foreclosures, Overdue Loans Rise (Update6)

    Bloomberg - Jan. 9 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, fell in New York trading to the lowest since ... attract deposits that can be used to fund new mortgages, while borrowing more than $50 billion from the Federal Home ...
    2008-01-09 02:21:00

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