Mortgage and Financial News From 2007-12-13 Page 8

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  • Fireman's Fund Insurance Company Offers Advice for Art Collectors Following Tumultuous Auction Season (Business Wire via Yahoo! Finance)

    NOVATO, Calif.----Economic turmoil fueled by sub prime mortgage issues had financiers and collectors alike speculating whether the 2007 art auction season would signal a downturn in the art market.
    2007-12-13 06:15:00

  • A.M. Best Special Report: Insurance Industry's Subprime Exposure May Be Modest, But Contagion Is Concern (Business Wire via Yahoo! Finance)

    OLDWICK, N.J.----As the turmoil from the subprime crisis ripples across the global credit and equity markets and threatens the stability of the U.S. economy, several insurers have announced their exposure to mortgage-linked assets in their third quarter earnings. A.M.
    2007-12-13 09:09:00

  • Patriot Health Insurance Under State Supervision (WMUR New Hampshire)

    MANCHESTER, N.H. -- New Hampshire insurance regulators have begun supervising the operations of Patriot Health Insurance Co., and another insurer will take over its policies and operations.
    2007-12-13 08:37:50

  • Mortgage best buys take advantage of base rate fall

    MyFinances.co.uk - Several mortgage lenders are "splitting the difference" of last week’s base rate, passing on to borrowers a 0.15 per cent cut of the Bank of England’s quarter point rise. Data from mortgage broker John Charcol have revealed lenders such as Astra ...
    2007-12-13 08:05:00

  • Q&A: Why central banks are teaming up

    BBC Business - Growing defaults by these borrowers have hit US mortgage lenders, but have also had a much wider global impact. Much of this debt had been repackaged and sold around the world. As a result, a steady stream of banks have announced losses due to ...
    2007-12-13 09:45:00

  • Mortgage Interest "Eating More Into Wages'

    Ananova - So-called "mortgage affordability" has continued to worsen, according to the Council of Mortgage Lenders. A combination of high interest rates and rising house prices pushed the percentage of income needed to service a mortgage up to its highest level ...
    2007-12-13 11:47:00

  • Six standout funds

    CNN Money - In keeping with his anything-goes style, Heebner can also bet against stocks by selling them short, and while he's unwilling to talk about those positions, the fund's recent reports show a prescient wager earlier this year against mortgage lenders ...
    2007-12-13 10:28:00

  • Jackson discusses candidates at Cap Times birthday party

    Wisconsin State Journal - A drop in housing value, followed by the sharp rise in foreclosures caused several major subprime mortgage lenders to shut down or file for bankruptcy and ultimately led to the stock price collapse of some of the country's largest lenders. Nichols ...
    2007-12-13 03:50:00

  • BB&T Insurance to buy Atlanta broker

    Greensboro Business Journal - BB&T Insurance Services adds to metro holdings [Atlanta] Gridiron success paves way to WFU stadium upgrades [Greensboro] Mortgage lenders revert to tried-and-true loans [Charlotte] BB&T Insurance will expand its presence in the Atlanta market by ...
    2007-12-13 12:59:00

  • Greenspan: Recession Odds 'Clearly Rising'

    NPR News - Former Fed Chairman Alan Greenspan, during his interview at NPR. Should the federal government bail out lenders and borrowers caught up in the subprime mortgage crisis? It's a simple question but, like everything else surrounding the high-risk, high ...
    2007-12-13 12:44:00

  • Jackson: Candidates failing to address subprime mortgage crisis

    Minneapolis Star Tribune - A drop in housing values, followed by a sharp rise in foreclosures caused several major subprime mortgage lenders to shut down or file for bankruptcy and led to the stock price collapse of some of the country's largest lenders. Jackson said racism ...
    2007-12-13 07:58:00

  • Turmoil in markets takes £180m chunk out of HBOS profits

    Guardian Unlimited - The biggest factor is the bank's base rate, while the second is the risk premium that mortgage lenders charge above the interest rate based on the risk of default posed by the customer. This has risen recently due to the credit crunch and turmoil in ...
    2007-12-13 03:22:00

  • Bank of America leads mortgage lenders

    MSN MoneyCentral - Bank of America has been recognized as the top retail mortgage originator in the U.S. for the first nine months of 2007 and for the third quarter of 2007, according to a survey by Inside Mortgage Finance. The bank's mortgage group originated $119 ...
    2007-12-13 02:10:00

  • Bank of America leads mortgage lenders (BizJournals)

    Bank of America has been recognized as the top retail mortgage originator in the U.S. for the first nine months of 2007 and for the third quarter of 2007, according to a survey by Inside Mortgage Finance. (BAC)
    2007-12-13 02:24:43

  • FOREX-Dollar rises after US data eases credit fears

    Reuters - The higher-than-expected numbers underpinned the modest scale of the Federal Reserve's quarter-percentage-point interest rate cut on Tuesday, amid widespread criticism that the U.S. central bank could have done more to ease the pain from the ...
    2007-12-13 02:39:00

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