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Wachovia Net Drops 10% on Mortgage, Loan Writedowns (Update8) - Bloomberg


Philadelphia Inquirer
Wachovia Net Drops 10% on Mortgage, Loan Writedowns (Update8)
Bloomberg - Oct 19, 2007
earnings decline in six years and missed analysts' estimates after a record $1.3 billion of writedowns for bad loans and mortgage-backed securities.
US bank slump goes on as Wachovia reveals $1.3bn writedown Times Online
Wachovia's Net Falls 10% On Loan-Loss Provisions Wall Street Journal
all 407 news articles

Lenders get cold feet over mortgage loans - ic Newcastle.co.uk

Lenders get cold feet over mortgage loans
ic Newcastle.co.uk, UK - 20 hours ago
The group said there had been a 54% drop in the number of different sub-prime mortgages available, with 4371 home loans withdrawn since July this year.

Monarch Financial Announces Strong Loan Growth and Third Quarter … - CNNMoney.com


Earthtimes
Monarch Financial Announces Strong Loan Growth and Third Quarter
CNNMoney.com - Oct 19, 2007
Monarch does not hold any sub-prime or Alt-A mortgage loans or related securities. The Company's capital position remains strong with shareholders' equity
SunTrust Reports Third Quarter 2007 Earnings CNNMoney.com
Brookline Bancorp Announces 2007 Third Quarter Earnings and WELT ONLINE
AMCORE Financial, Inc. Reports 3rd Quarter Earnings CNNMoney.com
PR Newswire (press release) - CNNMoney.com
all 203 news articles

Home sweet home? - New California Media

Home sweet home?
New California Media, CA - 13 hours ago
''Conforming loans are abundantly available at historically favorable mortgage rates. Pricing has steadily improved on jumbo mortgages since the August

HSBC Is Sued Over Valuation Of Fund's Bonds - Wall Street Journal


Ottawa Citizen
HSBC Is Sued Over Valuation Of Fund's Bonds
Wall Street Journal - Oct 18, 2007
Real-estate investment trusts such as Luminent have suffered as defaults on riskier mortgage loans have shot up and the value of bonds backed by those loans
HSBC's US division faces $24m lawsuit Telegraph.co.uk
Luminent sues HSBC over bond dealings: report Bizjournals.com
Real estate fund sues HSBC over bond deal: report Reuters.uk
AHN - Reuters.uk
all 36 news articles

Are no-cost refinance loans worth it? - The Newark Advocate

Are no-cost refinance loans worth it?
The Newark Advocate, OH - 14 hours ago
By Brett Richards You may have seen ads lately for a "no-cost refinance" mortgage loan. This appears to be a mortgage program that promises no fees or

AG targets high fees, unaffordable loans - Boston Globe

AG targets high fees, unaffordable loans
Boston Globe, United States - Oct 18, 2007
They note that even now, only a small share of overall mortgage borrowers have defaulted on their loans. They also contend that some borrowers conspired in
Mortgage Bankers, Brokers at Odds Houston Chronicle
Subprime cowboys Boston Globe
Kanjorski introduces lending reform Pocono Record
all 16 news articles

Who's to blame? Is it the guy with 70 houses? The cash-flow-happy … - Palm Beach Post

Who's to blame? Is it the guy with 70 houses? The cash-flow-happy
Palm Beach Post,  United States - 8 hours ago
The former mortgage whiz who spent time in New York state's prison for mortgage fraud knows that bad home loans claimed some victims and fattened bank

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