Top Stories
WaMu
expects 75% earnings drop - CNN Money - 6 hours ago
- SEATTLE (AP) -- Washington Mutual Inc. said Friday that
the weak housing market and the recent mortgage crunch will
lead to a 75 percent drop in its third-quarter net income,
making it the latest financial institution to warn investors
that it took a ma...
S&P:
Washington Mutual Outlook Stable - Forbes.com - 52 minutes
ago - Standard & Poor's Ratings Services is no longer
considering boosting Washington Mutual Inc.'s debt rating,
the credit rating agency said Monday, citing a grimmer outlook
for the bank's profit through next year. S&P affirmed
its 'A-/A-2' rating on Washin...
FDIC: Freeze ARM rates - CNN - Oct 5 - NEW YORK (CNNMoney.com)
-- The heat on U.S. mortgage lenders and servicers was turned
up a few degrees this week when the country's chief bank
regulator publicly proposed that they permanently freeze
interest rates on subprime adjustable-rate mortgages...
Good Risks Get Credit Again, but Home Sales Spiral Lower
- US News - Yesterday - Lower mortgage rates, more Wall
Street deals, new stock market records: On the surface,
it looks as if the Federal Reserve not only calmed the credit
panic but 'reloaded the punch bowl with vodka,' says Tom
Taulli, author of The Complete M & A Handbook...
American Home scraps auction - CNN Money - Oct 6 - PHILADELPHIA
(Dow Jones/AP) -- Bankrupt lender American Home Mortgage
Investment Corp. has cancelled a scheduled Friday auction
of its mortgage loan servicing business, and said it will
seek court approval to sell the operation to billionaire
investor W...
Market News
BasePoint
Launches Unique Early Payment Default Solution to Reduce
Losses - Business Wire - 3 hours ago - CARLSBAD, Calif.--(BUSINESS
WIRE)--BasePoint Analytics, a leading provider of predictive
analytic fraud and risk management solutions, today announced
the availability of BasePoint EPD" alert. The new Early
Payment Default (EPD) solution is a statistica...
Best Places For Real Estate Deals - Forbes.com - Yesterday
- Home sales have sunk to their lowest levels since 2001.
Investors are jumping ship, foreclosures are mounting and
lenders are exercising caution. Still, there are areas of
the county where it makes sense for some to buy. That's
because, in a market slum...
Real Estate Weekly: Real Estate Weekly -- Oct. 5 - MarketWatch
- Oct 5 - Estate Weekly -- Oct. 5 - MarketWatch Real Estate
latest news
REAL ESTATE WEEKLY This week's Real Estate stories By
MarketWatch Last Update: 4:46 PM ET Oct 5, 007 This summer,
the corner of the country where home-improvement projects
ap...
Weakest U.S. Housing Markets - Forbes.com - Oct 5 -
How much longer can real estate in already depressed areas
decline in value? At least another year. In fact, it's reasonable
to expect 8% to 9% median home sale price decreases through
2008 in Detroit, Riverside, Calif., and Las Vegas, currently
the thr...
Countrywide, other benefactors of job fund lay off employees
- AOL.com - Oct 7 - AUSTIN, Texas (AP) - When Countrywide
Financial Corp. announced it was bringing 7,500 jobs to
Texas in a deal with Gov. Rick Perry's job-creation fund,
the governor proclaimed the company a 'crowning jewel' deserving
$20 million in taxpayer money. That...
Technology News
Cyberhomes.com:
Get School Data, Commute Times Before You Move - App
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Calyx Software Updates WebCaster Web Site Service -
Business Wire - Oct 4 - Latest Version Includes New Design
Templates, Additional Loan Calculators SAN JOSE, Calif.--(BUSINESS
WIRE)--Calyx Software, the mortgage industrys leading provider
of loan marketing, originating and processing software,
announced the latest release of...
Other News
Lumber
mills feeling hit from slowdown in housing - Mass High
Tech - 6 hours ago - The U.S. housing market woes are taking
a toll on lumber production. For the first time since 2001,
Western lumber production declined in 2006, according to
production figures prepared by the Western Wood Products
Association. With housing starts droppi...
Real-Estate Agents Who Clean Your House and Run Errands
- Real Estate Journal - 9 hours ago - By June Fletcher
From Online Jonathan Marks makes his living as a real-estate
agent. Lately, he's been babysitting rats. With the housing
market in a dive and homes lingering unsold for months,
the relationship between real-estate agents and their clie...
Levitt & Sons leaving the Memphis housing market: Slowdown
clips big homebuilder - Mass High Tech - 6 hours ago
- Shelby County's second-largest homebuilder, of Tennessee
LLC, is leaving the market after parent company Levitt Corp.
made a decision to exit the state. Levitt entered the market
in 2004 by acquiring Memphis-based homebuilder Bowden Homes.
Levitt Corp....