Mortgage and Financial News From 2007-10-23 Page 4

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  • Midwest Banc (MBHI) 3Q07 EPS $.20

    MSN MoneyCentral - As anticipated, gains on sales of residential mortgage loans decreased as a result of outsourcing the residential mortgage origination operations. Insurance and brokerage commissions increased by 27% during the quarter which was driven by higher ...
    2007-10-23 05:58:00
  • Trustmark Corporation Announces Third Quarter Earnings

    MSN MoneyCentral - While Trustmark has no sub-prime mortgage loans, we are not immune to the credit challenges and current market conditions facing the financial services industry. During the third quarter of 2007, nonperforming loans increased $17.7 million due ...
    2007-10-23 01:40:00
  • US: As foreclosures surge, mortgage lenders pressured to offer ...

    MSN UK News - Countrywide Financial Corp., the U.S.'s largest mortgage lender, said it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans with interest rates set to adjust by the end of 2008. But as defaults and foreclosures ...
    2007-10-23 06:05:00
  • First Financial Bancorp Reports Third Quarter 2007 Financial Results

    MSN MoneyCentral - The net interest margin was positively impacted by the continuing shift from lower yielding indirect installment and conforming mortgage loans to higher yielding commercial and commercial real estate loans. These benefits were more than offset by ...
    2007-10-23 04:39:00
  • Mortgage lender to offer modified loans

    MSN MoneyCentral - Countrywide Financial Corp ( CFC ) Stock Quote , Chart , News , Add to Watchlist LOS ANGELES (AP) - The nation's largest mortgage lender says it will begin offering borrowers refinancing or modifications on 16 billion dollars in loans with interest ...
    2007-10-23 05:58:00
  • EMC Mortgage Corporation Responds to Devastation of California Fires

    Forbes - EMC Mortgage Corporation, a wholly owned subsidiary of The Bear Stearns Companies Inc., is a mortgage banking company that specializes in the acquisition, servicing and disposition of residential mortgage loans headquartered in Lewisville, Texas ...
    2007-10-23 02:02:00
  • Fitch Downgrades 20 & Affirms 13 RMBS from 5 First Franklin Mortgage ...

    Forbes - The mortgage loans are being serviced by various entities which include Option One Mortgage Corp. ('RPS1 Rating Watch On' rated by Fitch), Saxon Mortgage Securities Corp. ('RPS2+'), HomEq Servicing Corp. ('RPS1') and Aurora Loan Services, Inc. ('RMS1 ...
    2007-10-23 03:06:00
  • Banks Providing More Loans

    Donga.com - Banks saw mortgage loans decline as monetary authorities implemented tighter policies. Therefore, they are putting their attention into credit loans. Major banks have almost zero default rates in household debt: Kookmin Bank, 0.80%, Shinhan 0.48 ...
    2007-10-23 04:11:00
  • Countrywide to offer mortgage reprieve (The Providence Journal)

    As defaults and foreclosures snowball, the mortgage industry is under pressure to restructure loans to borrowers in danger of losing their homes.
    2007-10-23 04:43:15
  • S&P May Cut Ratings of 207 Australian, NZ Mortgage-Backed Bonds (Bloomberg.com)

    Oct. 24 (Bloomberg) -- Standard & Poor's may cut the credit ratings of 207 Australian and New Zealand residential mortgage- backed securities while it examines the creditworthiness of the insurer of the underlying home loans.
    2007-10-23 06:25:00
  • US mortgage lender offers to refinance loans (Stuff)

    Countrywide Financial, the largest US mortgage lender, offered to refinance or modify up to $US16 billion ($NZ21 billion) of adjustable-rate mortgages through the end of 2008 to help about 82,000 borrowers who face higher payments stay in their homes.
    2007-10-23 05:03:18
  • Mortgage lender to offer modified loans (WKYC Cleveland)

    LOS ANGELES (AP) -- The nation's largest mortgage lender says it will begin offering borrowers refinancing or modifications on 16 billion dollars in loans with interest rates set to adjust by the end of 2008.
    2007-10-23 06:04:06
  • Mortgage lender to offer modified loans (Fox 12 Idaho)

    Associated Press - October 23, 2007 9:03 PM ET LOS ANGELES (AP) - The nation's largest mortgage lender says it will begin offering borrowers refinancing or modifications on $16 billion in loans...
    2007-10-23 06:04:49
  • Mortgage lender to offer modified loans (Fox 19 Cincinnati)

    LOS ANGELES (AP) - The nation's largest mortgage lender says it will begin offering borrowers refinancing or modifications on $16 billion in loans with interest rates set to adjust by the end of 2008.
    2007-10-23 06:09:32
  • Change in law could end beach house tax loophole

    Bradenton Herald - The legislation also would make permanent the tax deduction for private mortgage insurance, which most homeowners have to ... For homes sold after Jan. 1, sellers would have to calculate a fraction. The top number would be the number of years the home ...
    2007-10-23 01:45:00