Mortgage and Financial News From 2008-1-1 Page 9

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  • PHH Terminates $1.8 Bln Merger Deal With General Electric ... - RTT News

    PHH Terminates $1.8 Bln Merger Deal With General Electric ...RTT News, NY - 34 minutes ago(PHH), a provider of mortgage and vehicle fleet management services, said on Tuesday that it has terminated a $1.8 billion deal to be acquired by the asset ...
    2008-01-01 08:37:47
  • PHH buyout collapses on funding issues - The Australian

    PHH buyout collapses on funding issuesThe Australian, Australia - 15 minutes agoThey said the PHH mortgage assets to serve as collateral weren't up to snuff. A person familiar with the deal says that because demand for mortgage-related ...
    2008-01-01 08:56:49
  • Some Sectors to Feel Brunt of Job Weakness - Wall Street Journal

    Some Sectors to Feel Brunt of Job WeaknessWall Street Journal - 12 minutes agoAlso likely to get pinched further next year: residential title companies, mortgage brokers, insurance carriers (if focused on mortgage or home insurance), ...
    2008-01-01 09:00:25
  • Stock Bulls' Five Cheers - Wall Street Journal

    Stock Bulls' Five CheersWall Street Journal - 12 minutes agoFinancial companies were the primary culprits, taking huge markdowns on the value of their subprime-mortgage-related holdings. But earnings in many other ...
    2008-01-01 09:00:27
  • Investors Reconsider The Pariahs of '07 - Wall Street Journal

    Investors Reconsider The Pariahs of '07Wall Street Journal - 12 minutes agoFallout from subprime-mortgage woes and the global credit crunch has weighed heavily on stocks in the financial and housing sectors, and has driven down ...
    2008-01-01 09:00:27
  • Dodd Campaign Cashes In On Financial-Sector Ties - Wall Street Journal

    Dodd Campaign Cashes In On Financial-Sector TiesWall Street Journal - 11 minutes agoDodd's introduction of a bill that would create new limits and penalties for mortgage lenders and Wall Street investors who originate or finance certain ...
    2008-01-01 09:01:26
  • Private-Equity Players Scour Financial Sector for Bargains - Wall Street Journal

    Private-Equity Players Scour Financial Sector for BargainsWall Street Journal - 11 minutes agoBut in mortgage banking, we're probably as close to the bottom as we're going to get." While Carlyle doesn't have a budget for how many financial-services ...
    2008-01-01 09:01:27
  • Bush to Revive Push for Housing Remedy - Wall Street Journal

    Bush to Revive Push for Housing RemedyWall Street Journal - 11 minutes agoLast month, the White House announced a voluntary initiative that encourages mortgage-servicing companies to freeze interest rates for people with ...
    2008-01-01 09:01:27
  • Mitt miss on loan oversight - Boston Herald

    Mitt miss on loan oversightBoston Herald, United States - 7 minutes ago... 2004 froze the number of employees at the state’s Division of Banks, which is responsible for inspecting and licensing mortgage companies, records show. ...
    2008-01-01 09:05:12
  • 2008 Could See Volatility of 2007 - Forbes

    2008 Could See Volatility of 2007Forbes, NY - 6 minutes agoQ. What will come of financial instruments such as mortgage-back securities made infamous in 2007 when they hurt the performance of financial stock funds? ...
    2008-01-01 09:05:58
  • Kathleen Pender's crystal ball looks for a bolt out of the blue (San Francisco Chronicle)

    It's traditional in January to predict what will happen to the economy and markets during the next 12 months. These predictions invariably miss what turns out to be the year's biggest story. Looking back at stories from this time last year, nobody was...
    2008-01-01 06:59:29
  • THE MARKET: Wall Street wraps up 2007 in a somber mood, but Dow has annual gain of more than 6 percent (The Journal-Standard)

    NEW YORK (AP) - Wall Street ended a painful year with another steep loss Monday as investors glumly anticipated that 2008 would bring more of the uncertainty and turbulence of 2007.
    2008-01-01 07:17:56
  • Investors should expect volatility in markets in 2008 (The Kansas City Star)

    Subprime mortgages are a mess. Housing is slumping. China may be riding a bubble. Yet the U.S. stock market stands within 6.6 percent of its all-time high. Investors may live in interesting times in the year ahead.
    2008-01-01 08:23:15
  • New Losers on Wall St. (NYTimes.com via Yahoo! Finance)

    In 2007, the brokers’ customers did reasonably well. The brokers did not. How could that happen?.
    2008-01-01 08:37:51
  • Kuwait fund seeks bargains in the US (Zawya)

    The Kuwait Investment Authority is following its peers in the Middle East in the hope of finding bargain investments in the US in the wake of the subprime mortgage crisis.
    2008-01-01 08:54:15