Mortgage and Financial News From 2008-2-15 Page 16

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  • Stocks fall for second day as weak manufacturing report stirs unease ...

    International Herald Tribune - NEW YORK : Stocks slipped for a second day Friday after a weak manufacturing report raised concerns of a further economic ... He also warned further losses were likely at banks from soured mortgages. In midmorning trading, the Dow Jones industrial ...
    2008-02-15 07:46:00
  • Mortgage insurer Radian posts steep loss

    Reuters - ... reported its second-ever quarterly loss, hurt by securities losses, costly write-downs and the need to boost its loss reserves as more U.S. homeowners fell behind on payments. The company, which sells policies to cover partial payment of mortgages in ...
    2008-02-15 01:16:00
  • Foreign Buying of U.S. Assets Slows for Second Month (Update1)

    Bloomberg - Assets Slows for Second Month (Update1) By John Brinsley Feb. 15 (Bloomberg) -- International buying of U.S. financial ... bonds, stocks, corporate debt and securities issued by U.S. agencies such as Fannie Mae and Freddie Mac, which buy mortgages ...
    2008-02-15 08:08:00
  • Most U.S. Stocks Fall as Consumer Sentiment, Manufacturing Drop

    Bloomberg - Feb. 15 (Bloomberg) -- Most U.S. stocks dropped for a second day after consumer confidence fell to a 16-year low and ... companies struggling to maintain the AAA ratings on their bond insurance units because of losses on residential mortgages. So ...
    2008-02-15 01:59:00
  • Europe shares lose 2% on economy, writedown fears

    Forbes - UBS slumped on Thursday after unveiling tens of billions of dollars in new exposure to risky U.S. mortgages, leveraged finance and complex securities, and investors punished the stock for the second day in a row on Friday. "We estimate that the $80 ...
    2008-02-15 09:48:00
  • U.S. mortgage insurer Radian posts large Q4 loss

    Reuters - ... Feb 15 (Reuters) - Mortgage insurer Radian (RDN.N: Quote , Profile , Research ) on Friday reported its second-ever quarterly loss, hurt by troubles in the U.S. housing market. The company, which sells policies to cover partial payment of mortgages in ...
    2008-02-15 01:23:00
  • Countrywide foreclosure rate doubles

    MSN MoneyCentral - In South Florida, for the first three quarters of 2007, Bank of America was first in number of residential mortgages and second in dollar volume, and Countrywide was second in mortgages and first in dollar volume, according to Mortgage DataWeb.com ...
    2008-02-15 10:10:00
  • Stocks end mixed as downbeat economic readings provide little to ...

    CNBC - He told the Senate Banking Committee that further losses were likely at banks from soured mortgages. "What's dominating the market lately is the bad economic data that continues to confirm that the economy is slowing," said Alexander Paris, economist ...
    2008-02-15 01:23:00
  • Bad Times At Best Buy

    Forbes - With the housing market sliding and credit standards tightening, Americans can no longer tap their homes for excess cash through second mortgages and equity lines of credit. Wal-Mart Stores, the largest U.S. retailer, said last week that consumers ...
    2008-02-15 03:32:00
  • Earnings Roundup: Abercrombie, Radian - Houston Chronicle

    Earnings Roundup: Abercrombie, RadianHouston Chronicle, United States - 4 hours agoPHILADELPHIA (AP) _ Radian Group Inc., whose primary business is insuring mortgages against defaults, posted a loss of $618 million for the fourth quarter ...
    2008-02-15 11:44:21
  • US Stocks Fall After Consumer Confidence, Manufacturing Slump - Bloomberg

    US Stocks Fall After Consumer Confidence, Manufacturing SlumpBloomberg - 4 hours ago15 (Bloomberg) -- US stocks dropped for a second day after consumer confidence fell to a 16-year low, manufacturing in New York unexpectedly contracted and ...
    2008-02-15 11:44:47
  • European stocks down on fears about subprime write-offs at banks - International Herald Tribune

    European stocks down on fears about subprime write-offs at banksInternational Herald Tribune, France - 4 hours agoShares in Swiss bank UBS dropped for a second day, losing 6.6 percent to end at lows not seen since April 2003. Citigroup analysts said they believe the ...
    2008-02-15 11:47:22
  • Credit/Equities Diverge (Initially) on UBS, Commerzbank Reports - Hedgeworld (subscription)

    Credit/Equities Diverge (Initially) on UBS, Commerzbank ReportsHedgeworld (subscription), NY - 4 hours ago... risky US mortgages at $68.7 billion, which was well beyond what investors had expected, and followed write downs of $18.1 billion in the second half of ...
    2008-02-15 11:49:42
  • Fitch Revises iStar's Outlook to Negative; Affirms IDR at 'BBB' - Business Wire (press release)

    Fitch Revises iStar's Outlook to Negative; Affirms IDR at 'BBB'Business Wire (press release), CA - 3 hours agoSFI's portfolio of mortgages, subordinated debt and leases is well-diversified by geography and underlying collateral type, and is demonstrative of the ...
    2008-02-15 12:03:09
  • Fitch Revises iStar s Outlook to Negative; Affirms IDR at BBB (2º) - InfoBolsa

    Fitch Revises iStar s Outlook to Negative; Affirms IDR at BBB (2º)InfoBolsa, Spain - 3 hours agoAlthough the loans acquired by SFI are first mortgages, the acquisition structure of the Fremont transaction places SFI effectively in the first-loss ...
    2008-02-15 12:06:48