Mortgage and Financial News From 2008-2-14 Page 52

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  • Text of Bernanke's Remarks to Congress - The Associated Press

    Text of Bernanke's Remarks to CongressThe Associated Press - 1 hour agoHeightened investor concerns about the credit quality of mortgages, especially subprime mortgages with adjustable interest rates, triggered the financial ...
    2008-02-14 07:41:00
  • Glory glory Man United? - Management Today

    Glory glory Man United?Management Today, UK - 1 hour agoTheir combined revenue is about £2.5bn, which is about as much as your bog-standard investment bank loses on sub-prime mortgages every month these days. ...
    2008-02-14 07:41:07
  • Event Brief of Q4 2007 Horace Mann Educators Corp. Earnings ... - Insurance News Net (press release)

    Event Brief of Q4 2007 Horace Mann Educators Corp. Earnings ...Insurance News Net (press release), PA - 51 minutes agoPortfolio consists of well-diversified, fixed-rate CMBS, backed by cash flows of mortgages on commercial properties. 1. This is 100% investment grade, ...
    2008-02-14 08:08:25
  • Event Brief of Q4 2007 Torchmark Earnings Conference Call - Final - Insurance News Net (press release)

    Event Brief of Q4 2007 Torchmark Earnings Conference Call - FinalInsurance News Net (press release), PA - 51 minutes agoLess than 1% are in residential or commercial mortgage backed securities. 1. None of those are backed by sub-prime or (indiscernible) mortgages. 3. ...
    2008-02-14 08:08:36
  • Q4 2007 Horace Mann Educators Corp. Earnings Conference Call - Final - Insurance News Net (press release)

    Q4 2007 Horace Mann Educators Corp. Earnings Conference Call - FinalInsurance News Net (press release), PA - 51 minutes agoTwo other asset classes I'd like to comment on are commercial mortgages and municipal bonds. With regard to commercial mortgages, Horace Mann had ...
    2008-02-14 08:08:47
  • Florida's Housing Market for 4Q 2007: Sales Activity Remained Soft - Earthtimes

    Florida's Housing Market for 4Q 2007: Sales Activity Remained SoftEarthtimes, UK - 50 minutes ago"Existing-home sales have moved narrowly since last September, but when the full impact of higher loan limits for conventional mortgages begins to register ...
    2008-02-14 08:10:10
  • US Government May Bail Out Banks Holding Bad Loans - CEP News

    US Government May Bail Out Banks Holding Bad LoansCEP News, Canada - 44 minutes agoOfficials at Credit Suisse Group have advanced a proposal to allow homeowners to refinance delinquent mortgages with the backing of the US Federal Housing ...
    2008-02-14 08:16:08
  • Dodds points finger at campaign manager - Foster's Daily Democrat

    Dodds points finger at campaign managerFoster's Daily Democrat, NH - 37 minutes agoHe also testified he learned from Dodds that he had taken out a second mortgage on some of his property without his wife's knowledge, which Dodds denied ...
    2008-02-14 08:23:20
  • Fitch: Latin America Structured Finance 2008: Outlook Stable - Earthtimes

    Fitch: Latin America Structured Finance 2008: Outlook StableEarthtimes, UK - 23 minutes agoLocal market issuance in the second-half of the 2007 totaled $7 billion, surpassing first-half issuance levels of $6 billion. However, that total of $13 ...
    2008-02-14 08:37:16
  • MBIA Says Bailout Not Needed - Forbes

    MBIA Says Bailout Not NeededForbes, NY - 13 minutes agoThe distress in the bond insurance industry, an offshoot of the subprime mortgage crisis, is spreading and could bring serious problems far beyond the ...
    2008-02-14 08:46:23
  • Economic stimulus package OK’d - Ironton Tribune

    Economic stimulus package OK’dIronton Tribune, OH - 13 minutes ago... will provide ‘‘families a second chance at the American dream of homeownership by helping them refinance their mortgages and avoid foreclosure. ...
    2008-02-14 08:46:58
  • Text of SEC Chair's Remarks to Congress - The Associated Press

    Text of SEC Chair's Remarks to CongressThe Associated Press - 9 minutes agoAs mortgage delinquencies rose, other financial instruments tied to the value of those mortgages declined in value, placing pressure on large financial ...
    2008-02-14 08:51:10
  • UBS Won't Support Failing Auction-Rate Securities (Update4) - Bloomberg

    UBS Won't Support Failing Auction-Rate Securities (Update4)Bloomberg - 7 minutes agoThe second-biggest underwriter of the securities, whose rates are reset periodically at auctions, notified its 8200 US brokers of the decision yesterday, ...
    2008-02-14 08:52:52
  • Commerzbank Profit Falls 44% on Subprime Writedowns (Update5) - Bloomberg

    Commerzbank Profit Falls 44% on Subprime Writedowns (Update5)Bloomberg - 7 minutes agoCommerzbank invested about 1.2 billion euros in subprime mortgages and had asset-backed securities totaling 19.9 billion euros, including collateralized ...
    2008-02-14 08:53:07
  • Fitch: Latin America Structured Finance 2008: Outlook Stable (Business Wire via Yahoo! Finance)

    CHICAGO----While Latin American structured finance markets were affected by the global credit crisis, overall collateral performance and issuance volumes were not impacted to the same degree as the U.S. and global securitization markets, according to a Fitch Ratings Special Report, 'Latin American Structured Finance 2007 Year in Review and 2008 Outlook', released today.
    2008-02-14 08:32:00