Mortgage and Financial News From 2008-1-8 Page 29

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  • ETrade plans to exit institutional business - Reuters

    ETrade plans to exit institutional businessReuters - 59 minutes agoN: Quote, Profile, Research), America's largest mortgage lender, might file for bankruptcy all weighed on the broker's shares, analysts and investors said. ...
    2008-01-08 01:00:21
  • Ambac, MBIA Shares Tumble After Morgan Stanley Cuts Estimates - Bloomberg

    Ambac, MBIA Shares Tumble After Morgan Stanley Cuts EstimatesBloomberg - 53 minutes ago``The largest mortgage broker in the country having liquidity issues and potential capital issues doesn't bode well for the housing market in general and ...
    2008-01-08 01:06:25
  • Buyers look for cheap units - Courier Mail

    Buyers look for cheap unitsCourier Mail, Australia - 36 minutes agoThe latest mortgage index from property broker AFG has found the number of loans acquired by property investors increased by 4 per cent in November to 37.4 ...
    2008-01-08 01:24:17
  • IAC spinoffs seen at end of second quarter: Diller - Reuters

    IAC spinoffs seen at end of second quarter: DillerReuters - 35 minutes agoIAC announced in November plans to spin off four of its units -- shopping network HSN, online mortgage broker LendingTree, box office service Ticketmaster, ...
    2008-01-08 01:24:35
  • Asia Day Ahead: Credit Derivatives $250 Billion Loss (Update1) - Bloomberg

    Asia Day Ahead: Credit Derivatives $250 Billion Loss (Update1)Bloomberg - 22 minutes agoThe yield on the two-year note fell 6 basis points, or 0.06 percentage point, to 2.70 percent at 4:12 pm in New York, according to bond broker Cantor ...
    2008-01-08 01:37:43
  • Regional Spotlight: Northwest MLS System Sees Price Gains in December - RisMedia.com (press release)

    Regional Spotlight: Northwest MLS System Sees Price Gains in DecemberRisMedia.com (press release), CT - 18 minutes agoFor the first week of January, the 30-year fixed rate mortgage rate was 6.14%, according to the Bankrate.com national survey of large lenders. ...
    2008-01-08 01:41:48
  • Countrywide denies bankruptcy, but stock plunges - Guardian Unlimited

    Countrywide denies bankruptcy, but stock plungesGuardian Unlimited, UK - 13 minutes ago... floor trader at broker-dealer BNY ConvergEx Group in Chicago. Like many US mortgage lenders, Countrywide has struggled with the nation's housing slump. ...
    2008-01-08 01:46:49
  • E-Trade shares slump to all-time low amid fears brokerage needs ... - The Canadian Press

    E-Trade shares slump to all-time low amid fears brokerage needs ...The Canadian Press - 4 minutes agoThe broker has been under pressure since it disclosed massive losses in its mortgage business last year. It is now in the midst of a turnaround plan after ...
    2008-01-08 01:55:23
  • Tuesday's Financial Winners & Losers - TheStreet.com

    Tuesday's Financial Winners & LosersTheStreet.com - 2 minutes agoOn the heels of a crushing year for the nation's biggest mortgage lender, Countrywide shares plummeted 28.4% in furious trading after speculation swirled ...
    2008-01-08 01:57:56
  • Countrywide Financial slides on bankruptcy rumours (Interactive Investor)

    Business Finance and city news online from Interactive Investor (www.iii.co.uk). Plus financial and currency market news and information 24/7. Stock prices, share prices, currency markets news and business finance headlines. Also news from AFX and Reuters.
    2008-01-08 12:41:27
  • Countrywide Loses Most Since 1987 on Funding Concern (Update4) (Bloomberg.com)

    Jan. 8 (Bloomberg) -- Countrywide Financial Corp. dropped the most in two decades in New York trading on speculation that it needs cash to continue operating its mortgage business.
    2008-01-08 12:42:52
  • BancorpSouth expands insurance offerings with purchase of Missouri firm (BizJournals)

    A BancorpSouth subsidiary has expanded its insurance brokerage business with the recent acquisition of a Springfield, Mo., insurance agency. (BXS)
    2008-01-08 12:46:34
  • Countrywide Financial slides on bankruptcy rumours (Reuters.co.uk)

    NEW YORK (Reuters) - Countrywide Financial Corp shares slid as much as 19.9 percent to their lowest level in nearly eight years on what traders called speculation that the largest U.S. mortgage lender might seek bankruptcy protection.
    2008-01-08 12:47:20
  • IAC spinoffs seen at end of second quarter: Diller (Reuters via Yahoo! News)

    IAC/InterActiveCorp expects a spinoff of four of its units to be completed in the second quarter of this year, likely early in the summer, Chief Executive Barry Diller said on Tuesday.
    2008-01-08 01:28:29
  • ETrade plans to exit institutional business (Boston Globe)

    Online brokerage E*Trade Financial said on Tuesday that it will exit the U.S. institutional sales business as it tries to streamline operations, but analysts still question its financial health.
    2008-01-08 01:33:58