Mortgage and Financial News From 2007-12-13 Page 5

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  • KC man gets two years for mortgage fraud (BizJournals)

    A man tied to former Kansas City Councilwoman Saundra McFadden-Weaver's mortgage fraud conspiracy will spend two years in federal prison and face a $144,234 restitution order.
    2007-12-13 06:51:38

  • NASA Targets Space Shuttle Atlantis Launch On Jan. 10

    SpaceRef - 220Marketing specializes in providing mortgage marketing for mortgage companies and managers. - Take your time to tour our site and check out all the fun games we operate. In addition to the 20 online bingo rooms we operate, we also have online keno.
    2007-12-13 03:15:00

  • Centro Companies Bitten By US Freeze

    ABN Newswire - Borrowing costs for the two Centro companies have jumped as the subprime mortgage mess has deepened and banks have stopped lending and people have cut back on spending. It's quite possible that the two Centro companies might also find it difficult to ...
    2007-12-13 02:46:00

  • Credit worries hit Asian financial stocks

    Financial Times - But warnings from Lehman Brothers about further write-downs due to the credit market crisis and a credit ratings downgrade for Citigroup highlighted the ongoing threat to financial companies from the subprime mortgage meltdown. Investors also had to ...
    2007-12-13 07:04:00

  • Aide: FHA Bill Moving Toward Senate Vote

    CNBC - The Senate legislation would allow the FHA to insure loans equaling the amount that government-sponsored mortgage companies Fannie Mae and Freddie Mac are allowed to purchase, a level set at $417,000. Additionally, the bill would require homeowners ...
    2007-12-13 08:34:00

  • Senate Set to OK Fuel Economy Boost

    Chicago Tribune - Democrats abandoned efforts Thursday to impose billions of dollars in new taxes on the biggest oil companies after failing by one vote, 59-40, to overcome a Republican filibuster against the new taxes. Majority Leader Harry Reid of Nevada said that ...
    2007-12-13 01:34:00

  • Latin Companies to Cut Bond Sales by 30% in 2008, ING Says

    Bloomberg - Dec. 13 (Bloomberg) -- Latin American companies may cut debt sales by 30 percent next year as the U.S. subprime-mortgage crisis raises borrowing costs for companies worldwide, according to David Spegel of ING Bank NV. Companies in the region may sell ...
    2007-12-13 10:14:00

  • Lehman profit falls on mortgage losses but tops estimates

    USA Today - Calendar: What companies are reporting today? Can't find your company?: Put the name or ticker symbol of any company in any ... Lehman, the largest U.S. underwriter of mortgage-backed bonds, relied on a strong performance from its equities business to ...
    2007-12-13 12:16:00

  • H&R Block expects restructuring charges of $74.8 million related to ...

    San Diego Union-Tribune - The two companies cited “widespread changes in mortgage market conditions” and a “substantial reduction in lending” at the unit. The collapse of the subprime mortgage market led to millions in losses for Option One. The company had agreed to ...
    2007-12-13 12:16:00

  • S&P 500 Leaders & Laggards: FNM BIIB

    Forbes - Senate lawmakers are poised to vote on legislation that will allow the Federal Housing Administration to insure loans equaling the amount that government-sponsored mortgage companies Fannie Mae and Freddie Mac are allowed to purchase. Shares of Dow ...
    2007-12-13 02:25:00

  • Wholesale prices spike in Nov.

    Baltimore Sun - Still, new-job creation has clearly lost speed this year as construction companies, factories, mortgage companies and others slash jobs because of the housing collapse and credit crunch. Rising inflation could complicate the Federal Reserve's job of ...
    2007-12-13 03:36:00

  • Lehman Earnings Drop 12% After Mortgage Writedown (Update3) (Bloomberg.com)

    Dec. 13 (Bloomberg) -- Lehman Brothers Holdings Inc., the largest U.S. underwriter of mortgage-backed bonds, said fourth- quarter earnings fell 12 percent on writedowns stemming from the collapse of the subprime market.
    2007-12-13 07:57:41

  • Lehman Earnings Drop 12% After Mortgage Writedown (Update4) (Bloomberg.com)

    Dec. 13 (Bloomberg) -- Lehman Brothers Holdings Inc., the largest U.S. underwriter of mortgage-backed bonds, said earnings fell for a second straight quarter and losses from the collapse of the subprime market will extend into next year.
    2007-12-13 10:12:41

  • Lehman Earnings Drop 12% After Mortgage Writedown (Update6) (Bloomberg.com)

    Dec. 13 (Bloomberg) -- Lehman Brothers Holdings Inc., the largest U.S. underwriter of mortgage-backed bonds, said earnings fell for a second straight quarter and losses from the collapse of the subprime market will probably extend into next year.
    2007-12-13 01:27:43

  • Latin Companies to Cut Bond Sales by 30% in 2008, ING Says (Bloomberg.com)

    Dec. 13 (Bloomberg) -- Latin American companies may cut debt sales by 30 percent next year as the U.S. subprime-mortgage crisis raises borrowing costs for companies worldwide, according to David Spegel of ING Bank NV.
    2007-12-13 10:28:29

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