Mortgage and Financial News From 2007-8-20 Page 3

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  • Asian stocks rally, as European stocks continue to rise

    Globe and Mail - ... rebounded Monday, taking their cue from Wall Street's recovery late last week after the Federal Reserve cut a key interest rate ... A decision Friday by the Federal Reserve to cut rates on loans to banks to 5.75 per cent from 6.25 is helping calm some of ...
    2007-08-20 03:15:00
  • Hastings Entertainment, Inc. Reports Net Income of $0.17 per Diluted Share for 2Q 2007 Compared to $0.02 per Diluted ... (PR Newswire via Yahoo! Finance)

    Hastings Entertainment, Inc. , a leading multimedia entertainment retailer, today reported results for the three and six months ended July 31, 2007.
    2007-08-20 11:30:00
  • Footnotes (Lexington Herald-Leader)

    Kentucky Money Market Certificates Annual percentage yield of deposit Phone Money Minimum Super Minimum Three Six One Two Banks number Market Balance NOW Balance months months year years 1st Independence Bank1 (859) 734-5452 4.85 10,000 4.85 10,000 1.14 5.00 4.86 4.25 Allstate Bank Contact your local agency 0.90 5,000 -- -- 2.15 2.30 4.50 4.50
    2007-08-20 07:06:48
  • INDICATORS - Lebanon - Updated Aug 20 (Reuters via Yahoo! Asia News)

    BEIRUT, Aug 20 (Reuters) - Below is a table of the latest Lebanese economic statistics. Figures are provided by the central bank, finance ministry and ratings agencies.
    2007-08-20 08:05:24
  • Solent Capital hit by sub-prime crisis

    Daily Telegraph - ... move that effectively offers a government floor - until it starts trading again. The Fed slashed the interest rate it charges banks by 0.5 percentage point on Friday after Countrywide Financial, the biggest U.S. mortgage lender, Australia's Rams Home ...
    2007-08-20 03:58:00
  • Merrill Lynch's painful lesson in subprime

    Reuters UK - A few bad loans at First Franklin are not a disaster for Merrill Lynch, a financial powerhouse with $1 trillion in assets, But the subprime mortgage industry's crisis has sidelined Merrill's strategy for buying the lender in the first place. Home ...
    2007-08-20 05:10:00
  • Silicon Valley: Why There's No Mortgage Crunch Here

    CNBC - The sub-prime mortgage mess threatening to torpedo the global economy and plunge this nation ... In this particular case (of Doug Darling's home), several offers were just all cash, so there was actually no lender involved at all," says Gino Blefari ...
    2007-08-20 05:53:00
  • Mortgage lender drops 11%

    Raleigh News & Observer - LOS ANGELES - Countrywide Financial, the nation's largest mortgage lender, was forced to borrow $11.5 billion on Thursday, shocking financial markets already reeling from the growing credit crunch and threatening to make home loans harder to get ...
    2007-08-20 07:26:00
  • Lender Thornburg sells off $20B in assets

    CNN Money - NEW YORK (Reuters) -- Thornburg, a mortgage lender, said Monday that it sold $20.5 billion of assets and reduced its borrowings to reduce its risk amid a difficult market for home loans. The real estate investment trust said the actions will ...
    2007-08-20 01:07:00
  • UPDATE 1-U.S. mortgage lenders, brokers rally

    Reuters - The cost to insure the debt of Countrywide Financial Corp.'s (CFC.N: Quote , Profile , Research ) home loan unit dipped ... Residential Capital LLC's credit default swaps also improved on Monday though the mortgage lender, which on Thursday was cut ...
    2007-08-20 06:22:00
  • Thornburg President: Anxiety Still Haunts Mortgage Sector

    CNBC - ... of its assets, valued at $20.5 billion, and reduced its borrowings to cut its risk amid a difficult market for home ... the largest U.S. mortgage lender, said last week it drew down an $11.5 billion bank credit line after losing some access to short ...
    2007-08-20 04:27:00
  • High Housing Prices Fuels Consumer Debt

    NPR News - That's partly because the population is older, richer, and able to borrow money with ease. But with home prices falling, and mortgages harder to get, that's likely to change. The Wall Street Journal reports that the biggest U.S. home-mortgage lender ...
    2007-08-20 04:48:00
  • On The Move For Monday, Aug. 20

    Forbes - With fears of sustaining another heavy blow like last week’s, the nation’s largest home mortgage lender has reportedly begun layoffs in an effort to cut costs. Countrywide tapped an $11-and-a-half-billion line of credit late last week. Shares ...
    2007-08-20 04:27:00
  • Lowes Among Big Movers in Stock Market

    US News and World Report - The nation's largest mortgage lender has begun laying off staff as part of its effort to ride out the credit crunch that has rocked the home loan industry, according to a report in The Wall Street Journal. Lowe's Corp., up $1.76 at $28.63. The nation ...
    2007-08-20 07:12:00
  • Reuters Business Summary

    CNBC - Struggling mortgage investor Luminent Mortgage Capital Inc and home loan lender Thornburg Mortgage Inc took steps to bolster liquidity on Monday, but the companies signaled the trouble is not completely gone. Thornburg said it ...
    2007-08-20 07:33:00