Mortgage and Financial News From 2008-1-10 Page 21

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  • Help The Shareholders. Cut The Dividend

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... cut its dividend 61%, and Fannie Mae (nyse: FNM - news - people ), the government-sponsored mortgage lender, cut ...
    2008-01-10 01:16:00
  • US stocks rise on report that Bank of America is in advanced talks to ...

    CNBC - HOME ... as investors found renewed confidence in a report that Bank of America Corp. is close to buying struggling mortgage lender ...
    2008-01-10 01:23:00
  • Countrywide Financial in Talks to Be Bought by Bank of America

    Bloomberg - Jan. 10 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, is in talks to be acquired by Bank of America Corp., a person with knowledge of the discussions said. The shares rose more than 50 percent. A sale may salvage Bank ...
    2008-01-10 01:37:00
  • Countrywide stock soars on BofA sale talk

    CNN Money - Countrywide CEO Angelo Mozilo tells investors that the mortgage lender isn't headed for bankruptcy. ... based on MortgageDaily.com 2007 third quarter origination numbers, would have originated $142 billion in mortgage and home ...
    2008-01-10 02:34:00
  • Countrywide shares soar on takeover rumor

    Los Angeles Times - Lender stung by fears on finances - Credit crunch imperils lender - A rush to pull out cash - 2 states probe Countrywide home ... Countrywide, the nation's largest mortgage lender, has been reeling from soaring defaults and foreclosures on its loan portfolio.
    2008-01-10 03:03:00
  • US STOCKS-Wall St indexes rise on Countrywide takeover buzz

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists Opinions Video Blogs E-mail Newsletters People ... Bank of America (nyse: BAC - news - people ) is in advanced talks to buy struggling mortgage lender Countrywide ...
    2008-01-10 03:53:00
  • Report: Bank of America in talks to buy troubled mortgage lender ...

    CNBC - HOME ... It wasn't clear how quickly a deal might be struck for the nation's largest mortgage lender, which has been roiled this week by a ...
    2008-01-10 12:33:00
  • Countrywide admits problems with new loans - Malaysia Sun

    Countrywide admits problems with new loansMalaysia Sun, Malaysia - 2 hours agoCountrywide is the nation's largest mortgage lender, but their new business is down roughly 50 percent. The company only funded US$23.5 billion in loans in ...
    2008-01-10 03:30:39
  • Gov't Seen to Favor Countrywide Buyout - The Associated Press

    Gov't Seen to Favor Countrywide BuyoutThe Associated Press - 2 hours agoThe transaction would put the country's largest mortgage lender, which has experienced a surge in home-loan defaults and has seen its share price plummet, ...
    2008-01-10 03:41:08
  • Deal, rate-cut hopes lift stocks - Moneyweb

    Deal, rate-cut hopes lift stocksMoneyweb, South Africa - 2 hours agoHope that the nation's largest mortgage lender can be rescued from possible bankruptcy and that aggressive interest-rate cuts can stave off a recession ...
    2008-01-10 03:47:54
  • New Year resolutions for saving money - Mayo Advertiser

    New Year resolutions for saving moneyMayo Advertiser, Ireland - 2 hours agoThis ratio changes as you pay more off your mortgage, so you should check this out and ask your lender if you are eligible for a reduction. ...
    2008-01-10 03:58:32
  • Bank of America May Acquire Countrywide, Person Says (Update2) - Bloomberg

    Bank of America May Acquire Countrywide, Person Says (Update2)Bloomberg - 1 hour agoCountrywide's rising stock led competing mortgage companies higher. IndyMac Bancorp Inc., the second-biggest independent home lender, rose 23 percent and ...
    2008-01-10 04:12:54
  • IndyMac Bancorp Announces Earnings - Ad-Hoc-News (Pressemitteilung)

    IndyMac Bancorp Announces EarningsAd-Hoc-News (Pressemitteilung), Germany - 1 hour agoIndymac Bank?s home mortgage products consist primarily of single family, first lien mortgages, which are saleable to the GSEs (Fannie Mae, Freddie Mac, ...
    2008-01-10 04:13:42
  • Bank of England holds rate cut for a month - Telegraph.co.uk

    Bank of England holds rate cut for a monthTelegraph.co.uk, United Kingdom - 1 hour agoThe credit crunch in the City has made it more difficult for mortgage lenders to cut their interest rates and follow the Bank of England's lead. ...
    2008-01-10 04:26:04
  • Bank of America to rescue Countrywide - Telegraph.co.uk

    Bank of America to rescue CountrywideTelegraph.co.uk, United Kingdom - 1 hour agoBy James Quinn Bank of America is in advanced talks to buy Countrywide in a move that should see America's largest mortgage lender avoid Chapter 11 ...
    2008-01-10 04:34:24