Banks Pay the Price for Risky Mortgage Bets (NPR) Major banks are suffering enormous losses on investments tied to home mortgages. For years, Wall Street made handsome returns betting on mortgage-backed securities. But those securities are opaque and contain
Mori's Big -- and Tall -- Bet on Shanghai In a big bet on China's post-Olympics economy, Japanese developer Minoru Mori opened the country's tallest skyscraper in a challenging environment.read more...
Countrywide mortgage lending in foreclosure rises Industrywide, foreclosures are rising and mortgage originations are declining as house price appreciation slows and lenders tighten their underwriting standards. via Cilow read more...
MGIC says it can nix Radian acquisition following mortgage impairment charges "Radian is not aware of any developments that would impact MGIC's obligation to close the merger" MGIC Investment Corp. said Tuesday it does not believe it has to complete
Personal flair fuels Clarke "A lot of the time, people don't think they need to do it" JAMM AQUINO / JAQUINO@STARBULLETIN.COM Five years ago, Kathleen Clarke and her husband of 23 years, Walter,
Countrywide deal could give modest boost to mortgage industry (The Pantagraph) WASHINGTON, D.C. -- Bank of Americaâ?™s $4.1 billion rescue of Countrywide Financial could help stem economic turmoil by giving global investors more confidence in the battered U.S. mortgage industry.read more...
A leading US mortgage lender that specializes in high-quality, adjustable-rate jumbo loans to homebuyers on Tuesday postponed a dividend payment because of the turmoil in financial markets.
read more…
This entry was posted
on Tuesday, August 14th, 2007 at 12:21 am and is filed under Mortgages.
You can follow any responses to this entry through the comments RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Leave a Reply