Mortgage and Financial News From 2008-1-9 Page 28

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• Mortgage lender Countrywide's home loan delinquencies surge, stock ...

  International Herald Tribune - LOS ANGELES : Countrywide Financial Corp., its stock pummeled this week by rumors of bankruptcy and lackluster housing market forecasts, said Wednesday the percentage of borrowers who missed payments on home loans last month rose, signaling worsening ...
  2008-01-09 02:50:00

• US mortgage lender Countrywide's home loan delinquencies surge, stock ...

  MSN UK News - Countrywide Financial Corp., its stock pummeled this week by rumors of bankruptcy and lackluster housing market forecasts, said Wednesday the percentage of borrowers who missed payments on home loans last month rose, signaling worsening trouble for ...
  2008-01-09 02:35:00

• Global economy could survive: World Bank - Special Broadcasting Service

  Global economy could survive: World BankSpecial Broadcasting Service, Australia - 1 hour agoRecently, Australia's biggest mortgage lender the Commonwealth Bank (CBA), raised its variable home loan rate by 10 basis points to 8.67 per cent in ...
  2008-01-09 01:50:56

• Diamonds in 2007: A Year of Mergers, Big Stones, Economic Swings - Diamonds.net

  Diamonds in 2007: A Year of Mergers, Big Stones, Economic SwingsDiamonds.net, NY - 1 hour agoWith many major lenders facing write-downs due to wave after wave of home foreclosures, the Fed lowered its benchmark interest rate in second half and ...
  2008-01-09 01:51:12

• The Importance of Appraisals in a Declining Market - RisMedia.com (press release)

  The Importance of Appraisals in a Declining MarketRisMedia.com (press release), CT - 1 hour agoAfter they submit all the paperwork they are informed by their mortgage loan consultant that the lender has cut the “market” value of their home to $185000 ...
  2008-01-09 01:51:21

• Australian Banks Have Exposure to Countrywide, Australian Says - Bloomberg

  Australian Banks Have Exposure to Countrywide, Australian SaysBloomberg - 1 hour agoIt's the first time in more than a decade that most of the nation's biggest lenders made a change in home loan rates that didn't follow the Reserve Bank of ...
  2008-01-09 01:53:44

• Rates below 6% on some mortgages signals good time to refinance - MarketWatch

  Rates below 6% on some mortgages signals good time to refinanceMarketWatch - 1 hour agoWASHINGTON (MarketWatch) -- Investment professionals' "shortsightedness" led them to make fundamental errors that led to the mortgage crisis and credit ...
  2008-01-09 02:01:02

• 10-January-08 by Anna Moreau and AAP - WA Business News (subscription)

  10-January-08 by Anna Moreau and AAPWA Business News (subscription), Australia - 1 hour agoFinance: Commonwealth Bank has become the third big lender to increase home loan interest rates, making increases by other lenders a near certainty. ...
  2008-01-09 02:04:35

• Countrywide Says Foreclosures, Overdue Loans Rise (Update5) - Bloomberg

  Countrywide Says Foreclosures, Overdue Loans Rise (Update5)Bloomberg - 1 hour ago9 (Bloomberg) -- Countrywide Financial Corp., the biggest US mortgage lender, fell in New York trading to the lowest since 1996 as foreclosures and late ...
  2008-01-09 02:11:50

• Next Stop: Bernanke - Forbes

  Next Stop: BernankeForbes, NY - 1 hour agoThe nation's largest home lender staunchly denied bankruptcy rumors Tuesday, but its stock has been tanking and there was more bad news Wednesday. ...
  2008-01-09 02:15:23

• Bankrate: Mortgage rates lowest since Sept. 2005 - CNNMoney.com

  Bankrate: Mortgage rates lowest since Sept. 2005CNNMoney.com - 1 hour agoAccording to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.35 discount and origination ...
  2008-01-09 02:22:09

• Torrid Buying Fuels Stocks In Final Hour - CNNMoney.com

  Torrid Buying Fuels Stocks In Final HourCNNMoney.com - 46 minutes agoThe nation's largest mortgage lender said December home loans came in at $24 billion, better than forecasts. On Wednesday, the stock plunged 28% on ...
  2008-01-09 02:36:37

• Columbia Commercial Bancorp Announces Record Earnings for 2007 - CNNMoney.com

  Columbia Commercial Bancorp Announces Record Earnings for 2007CNNMoney.com - 40 minutes agoRoby states, "Columbia Community Bank has a very strong, seasoned team of commercial lenders, and the bank has recently attracted additional key personnel ...
  2008-01-09 02:42:37

• Should you stop paying your mortgage payment? - HULIQ

  Should you stop paying your mortgage payment?HULIQ, NC - 32 minutes agoJim is looking to do a mortgage short sale. That means his lender will agree that Jim sells his house for less than the mortgage loan. And the lender will ...
  2008-01-09 02:50:28

• Stocks Rebound in Fractious Session - The Associated Press

  Stocks Rebound in Fractious SessionThe Associated Press - 32 minutes agoThe stock in the nation's largest mortgage lender had fallen sharply Tuesday amid bankruptcy rumors that the company said were baseless. ...
  2008-01-09 02:50:45

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