Mortgage and Financial News From 2007-10-10 Page 6

RSS Feed

Previous Day: 2007-10-09

Return to the mortgage news archive home.

  • Alcoa, Boeing, Equifax, Novellus: U.S. Equity Movers Final

    Bloomberg - Kravec cut their 2007 and 2008 profit estimates for Genworth, citing the mortgage insurance business. Greenbrier Cos. (GBX US) rose the most since July 10, adding $2.38, or 9 percent, to $28.78. The biggest U.S. maker of railroad flatcars ...
    2007-10-10 01:41:00
  • S&P 500 Leaders & Laggards: Equifax Down

    MSN MoneyCentral - Genworth Financial Inc. shares lost $1.50, or 4.7 percent, to $30.12 after a Banc of America Securities analyst downgraded the insurer, saying the company's mortgage-insurance business may weigh on profit. On the rising side, Costco Wholesale Corp ...
    2007-10-10 02:32:00
  • Zenta Joins BlitzDocs Collaborative Network

    Forbes - BlitzDocs customers benefit from a network with more than 35,000 broker shops, the top seven mortgage insurance companies and four of the top due diligence providers. Collectively, BlitzDocs investor participants represent more than 70 percent of ...
    2007-10-10 02:24:00
  • UPDATE 1-RESEARCH ALERT-Banc of America downgrades Genworth

    Reuters - --Banc of America Securities said it was less optimistic about the company's U.S. mortgage insurance business and saw third-quarter earnings below expectations, along with a revision in current guidance. --BofA said it sees more adverse developments ...
    2007-10-10 12:16:00
  • Genworth Falls After Bank of America Drops Buy Rating (Update1)

    Bloomberg - Oct. 10 (Bloomberg) -- Genworth Financial Inc., the insurer divested by General Electric Co., fell the most in two months after Bank of America Corp. lowered its rating on the stock over risks in its mortgage insurance business. Genworth dropped $1 ...
    2007-10-10 01:34:00
  • Last Call: Genworth Financial falls

    Boston Globe - NEW YORK -- Shares of Genworth Financial Inc. slipped Wednesday after a Banc of America Securities analyst downgraded the insurer, saying the company's mortgage insurance business may weigh on profit. Banc of America Securities analyst Tamara K ...
    2007-10-10 01:41:00
  • Last Call: Genworth Financial Falls (AP via Yahoo! Finance)

    Shares of Genworth Financial Inc. slipped Wednesday after a Banc of America Securities analyst downgraded the insurer, saying the company's mortgage insurance business may weigh on profit.
    2007-10-10 12:56:50
  • Genworth Falls After Bank of America Drops Buy Rating (Update1) (Bloomberg.com)

    Oct. 10 (Bloomberg) -- Genworth Financial Inc., the insurer divested by General Electric Co., fell the most in two months after Bank of America Corp. lowered its rating on the stock over risks in its mortgage insurance business.
    2007-10-10 01:40:08
  • Administration announces new mortgage industry coalition to help homeowners avoid default (Naples Daily News)

    The Bush administration announced a new mortgage industry coalition on Wednesday aimed at helping homeowners avoid being trapped in a rising tide of foreclosures. Treasury Secretary Henry Paulson said the initiative would boost financial companies’ efforts to help an estimated 2 million homeowners whose introductory mortgages with low rates are resetting at much higher rates, just as the housing ...
    2007-10-10 04:51:48
  • Local Company Offers Foreclosure Insurance (WKRN Nashville)

    With adjustable rate mortgages resetting and home foreclosures on the rise, thousands of Americans are struggling to make their mortgage payments. |   | Now, one local non-profit company is helping homeowners hold on to their properties by offering foreclosure insurance. | | It has been 14 years since Carolyn Cash moved into her historic Nashville home. | | From the inside to out, she...
    2007-10-10 03:53:20
  • Experian’s share price hit by woe in US mortgage market

    Times Online - Shares in Experian, the credit-checking group, dived by 7 per cent yesterday as investors took fright at the company’s exposure to the troubled American sub-prime mortgage market and cautious UK lenders. Experian, spun out of the GUS retail ...
    2007-10-10 01:20:00
  • Fidelity National Information Services, Inc. to Report Third

    MSN MoneyCentral - ... of core processing for financial institutions; card issuer and transaction processing services; mortgage loan processing and mortgage-related information products; and outsourcing services to financial institutions, retailers and mortgage lenders ...
    2007-10-10 02:46:00
  • Pearlstein: Economics and the 2008 Campaign

    Washington Post - If this were a straight, vanilla refinancing, there are plenty of mortgage lenders around to do that. The only reason some special program run by a state agency would need to be involved would be if the borrower couldn't meet the normal requirements ...
    2007-10-10 02:39:00
  • Shares of homebuilders grow after federal loan plan and rise in ...

    CNBC - The crisis in the mortgage market in recent months, which led to lenders tightening standards, has compounded the industry's woes. Here is how shares of some homebuilders fared Wednesday: Hovnanian Enterprises Inc. added 57 cents, or 4.7 percent, to ...
    2007-10-10 01:56:00
  • Surveyors see house price falls

    BBC Business - This week the Council of Mortgage lenders (CML) said that the burden of repaying the interest on mortgages was at its worst in 16 years for first-time-buyers, and at its worst in 15 years for people moving house. It predicted the situation would get ...
    2007-10-10 05:31:00