Mortgage and Financial News From 2008-2-1 Page 41

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  • EMC Mortgage Corp. Announces Executive Changes - DSNews.com

    EMC Mortgage Corp. Announces Executive ChangesDSNews.com, TX - 5 minutes ago... Texas-based EMC Mortgage Corp., a subsidiary of The Bear Stearns Companies Inc. and a company that provides servicing on residential mortgage loans, ...
    2008-02-01 10:54:21

  • Iowa Attorney General Leads Fight Against Foreclosures - WHO-TV

    Iowa Attorney General Leads Fight Against ForeclosuresWHO-TV, IA - 4 minutes agoHe says to goal would be to convince the lending companies to modify the terms of the loans. Homeowners would receive affordable payments and the company ...
    2008-02-01 10:55:22

  • Guggenheim Capital Markets Holds First Annual Structured Products Summit (PR Newswire via Yahoo! Finance)

    Guggenheim Capital Markets, LLC, a New York-based registered broker dealer, yesterday held its first Annual Structured Products Summit in New York City. With its expertise in an array of structured products, Guggenheim Capital Markets designed a conference with a wide range of topics presented by industry leaders to structured-finance oriented investors.
    2008-02-01 10:41:00

  • Beazer to exit Charlotte market (bizjournals.com via Yahoo! Finance)

    Beazer Homes USA Inc. will stop originating mortgages and cease home-building operations in Charlotte and several other cities.
    2008-02-01 10:42:42

  • Capstead Mortgage Corporation Announces Closing of Public Offering of 8 Million Common Shares (Centre Daily Times)

    Capstead Mortgage Corporation (NYSE: CMO) announced today that on February 1, 2008 the Company closed its public offering of 8 million common shares. Capstead received aggregate net proceeds of approximately $118 million after underwriting discounts, commissions and estimated offering expenses.
    2008-02-01 10:43:29

  • Fitch Ratings Affirms Gramercy CRE CDO 2005-1 (Centre Daily Times)

    Fitch Ratings has affirmed all classes of Gramercy CRE CDO 2005-1, Ltd. (Gramercy 2005-1) notes as follows:
    2008-02-01 10:43:55

  • Real Estate Weekly: Real Estate Weekly -- Feb. 1 (Market Watch)

    While home prices are dropping in many parts of the country, affordability has improved only modestly.
    2008-02-01 10:45:17

  • ALL BUSINESS: Credit Woes Spread (Washington Post)

    NEW YORK -- Finding a place to hide out during the credit crisis is getting trickier now that bad debts are haunting some seemingly secure corners of the marketplace.
    2008-02-01 10:56:36

  • Macklowe in tentative deal to cede NY properties (Washington Post)

    NEW YORK (Reuters) - New York real estate mogul Harry Macklowe has reached a tentative deal with Deutsche Bank (DBKGn.DE) to turn over seven Manhattan office buildings he bought last year for $7 billion, a person familiar with the matter said on Friday.
    2008-02-01 10:56:46

  • Stocks Flat After Mixed Economic News

    WTOP Radio - ... sacrificing the advance it made after the Federal Reserve cut interest rates half a ... or the interest banks pay one another for overnight loans, to 3 percent, the lowest ... The subprime mortgage crisis has been creating problems for homeowners and financial ...
    2008-02-01 09:36:00

  • From the Housing Market to the Maternity Ward

    New York Times - In the wide-open mortgage climate early this decade, creative loan products allowed ... This tendency helps account for the relatively dismal birth rates of many ... They were lowest in states won by John Kerry in 2004, including Vermont (52.2), New ...
    2008-02-01 09:29:00

  • Mortgage rates drop to lowest level in years

    Salt Lake Tribune - Posted: 7:26 PM- When Steve VanHorn and his girlfriend Tazia Asplund first got preapproved for a home loan in December, 30-year mortgage rates were around 6 percent. Today, the couple, still hunting for the perfect house, is looking at rates closer ...
    2008-01-30 03:58:00

  • U.K. Gilts Fall as Global Stocks Rally Damps Demand for Safety

    Bloomberg - ... weekly advance since Jan. 4 as reports showed house prices declined for a third month in January and mortgage approvals dropped to the lowest ... are fully priced in, a Credit Suisse Group index of probability based on overnight indexed swap rates ...
    2008-02-01 04:36:00

  • 30-year rates see first rise in '08

    San Diego Union-Tribune - That had been the lowest level for 30-year mortgages in nearly four years. Rates on 15-year mortgages rose to 5.17 percent from 4.95 percent. ... said it has repurchased Del Mar DataTrac, which provides software used to process mortgage loans ...
    2008-02-01 02:12:00

  • Brother, can you spare a mortgage?

    TriVallyCentral - Rates on 30-year fixed-rate mortgages dropped last week to the lowest level in nearly four years. Ken Schreiber, a mortgage broker in Naperville, Ill., says brokers should be able to survive - even thrive - in the coming years. Despite the current ...
    2008-02-01 06:23:00

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