The loan blog

HispanicBusiness.com

America's housing giants Don't free Fannie and FreddieEconomist, UK -Oct 4, 2007An expansion of the Federal Housing Administration, which guarantees mortgages to iffy borrowers, is on the cards. But Congress is itching to do more: hence …Miscast as the heroesBend WeeklyDoes America need a 'Mortgage Czar' to bail out foreclosures?BloggingStocksAnalysts Doubt Impact of Raising CapsThe Associated PressPress [...]

HispanicBusiness.com

Fannie and Freddie's 'Phantom Income'Wall Street Journal -43 minutes agoMr. Wallison is correct about their motivations: "holding mortgages is profitable — much more so than creating pools of mortgages and selling . . . to …Democrats Split on Ways to Ease Mortgage CrunchNew York TimesAmerica's housing giants Don't free Fannie and FreddieEconomistMiscast as the heroesBend WeeklyThe [...]

도널드 콘 이사, '경제전망" 연설 원문(영문)뉴스핌, South Korea -48 minutes agoAll this uncertainty led the banks and other short-term lenders to turn very cautious; interest rates on bank deposits and other sources of credit beyond …

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MyFinances.co.uk

HBOS responds to slower mortgage marketTelegraph.co.uk, United Kingdom -3 hours agoHBOS writes one in five mortgages in Britain. Instead of tying up the bank's capital in mortgage lending, Mr Hornby plans to take advantage of the "real …HBOS says homeowners may pay more for mortgages in futureFinance News OnlineMortgage prices will rise with lenders cashing in on [...]

KATU

WaMu's earnings likely to drop 75%Seattle Post Intelligencer -45 minutes ago"The provision reflects ongoing weakness in the housing market, primarily as it affects subprime and home equity loans, as well as growth in the company's …Washington Mutual 3Q Earnings to TumbleThe Associated Press4th UPDATE: WaMu Sees Big 3Q Charges, Net Income Falling 75%CNNMoney.comWaMu Comes CleanForbesReuters - Reutersall [...]

Turkish Press

Merrill Lynch to write down $5.5bn for bad loansIrish Independent, Ireland -28 minutes agoMerrill Lynch's subprime mortgage unit, First Franklin Financial, has cut jobs and closed branches this year as defaults and foreclosures on loans to …Merrill Will Report Third-Quarter Loss on Writedowns (Update7)BloombergMerrill Lynch crashes into loss after $5bn writedownTimes Online2nd UPDATE: Merrill Lynch Forecasts [...]

Billions Of Writedowns May Not Spell Bottom For BanksCNNMoney.com -3 hours agoWall Street brokers in the past month have written down more than $6 billion of leveraged buyout loan commitments and multiples of that on mortgages, …Merrill Will Report Third-Quarter Loss on Writedowns (Update7)Bloomberg3rd UPDATE: Merrill Sees 3Q Loss After $5 Billion In WritedownsCNNMoney.com$20B worth of [...]

On The Cover/Top StoriesForbes, NY -53 minutes agoHis half-point cut in short-term interest rates was designed to avoid a recession, but it may have bought him only a postponement of the inevitable. …

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Reuters

Sovereign Bancorp, Inc. Expects Certain Charges to Impact Third …CNNMoney.com -5 hours agoSovereign exited the correspondent home equity business in early 2006 and stopped originating correspondent home equity loans, allowing the portfolio to …UPDATE 1-Sovereign Bancorp warns of 3rd-qtr writedownsReutersSovereign Bancorp warns of writedownsReutersSovereign Bancorp Sees Hefty Q3 ChargesRTT NewsForbes - CNNMoney.comall 40 news articles

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Earthtimes.org

Merrill writes off $5.5bn in largest credit loss so farIndependent, UK -23 minutes agoMerrill is the largest underwriter of collateralised debt obligations, CDOs, which are created by parceling together mortgages and other debts and selling …Merrill Lynch to Post 3Q LossThe Associated PressMerrill Will Report Third-Quarter Loss on Writedowns (Update7)Bloomberg2nd UPDATE: Merrill Lynch Forecasts $5.5 Billion [...]