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Latest Mortgage Market News

  • Barclays keeps quiet on rights issue 16 May 2008 00:18 GMT
    ... The bank also surprised observers by indicating that it is prospering in the current mortgage market. The bank said volumes are "significantly higher" than in 2007. Its Woolwich mortgage arm ...

  • Crédit Agricole to sell assets and restructure Calyon investment banking arm 15 May 2008 23:36 GMT
    ... capital-raising exercise from a global banking sector damaged by losses in the U.S. subprime mortgage market. Last month, British banks Royal Bank of Scotland and HBOS announced plans to raise ...

  • Bank Of America CFO Defends Fair Value Accounting 15 May 2008 22:56 GMT
    ... management strategies in order to avoid problems like the recent meltdown in the subprime mortgage market. Besides Price, there were several other representatives of the private sector at the conference, ...

  • Investec mortgages target City elite 15 May 2008 22:35 GMT
    ... large bonuses. “The key to success in the high income and high net worth mortgage market is strong risk management and flexibility around meeting the needs of the client,” Mr ...

  • Credit crisis claims first UK casualty 15 May 2008 22:35 GMT
    ... defaults following the extent of the problems that have emerged in the US subprime mortgage market. Barclays Capital and UBS are believed to have withdrawn their funding from Victoria. Robin ...

  • U.S. Lawmakers Close to Housing Rescue Deal, Sources Say 15 May 2008 22:34 GMT
    ... have Fannie and Freddie backstop the fund, sources said. Since last spring, the nation's mortgage market has been rattled by sinking home values that have erased billions of dollars of ...

  • Hedge Funds: Paulson & Co. hedge fund to back Icahn's Yahoo slate 15 May 2008 22:32 GMT
    ... Credit Opportunities fund, set up in June 2006 to bet against the housing and mortgage market, returned 590% last year. Another similar fund that Paulson launched in January 2007 returned ...

  • Blackstone outlines strategy to turn debt into profit 15 May 2008 22:30 GMT
    ... $3bn into hedge funds that were trying to profit from the decline in the mortgage market. ...

  • Wall Street gains as oil prices fall 15 May 2008 22:26 GMT
    ... to come under pressure to combine as they emerge from the credit crunch and mortgage market turmoil, the Associated Press reported. General Electric shed US14c to $US32.37 after reports the ...

  • Agricole to sell assets 15 May 2008 22:26 GMT
    ... capital-raising exercise from a global banking sector damaged by losses in the US subprime mortgage market. ...

  • Report: Countrywide must face shareholder lawsuit 15 May 2008 21:55 GMT
    ... acquired by Bank of America Corp., has lost millions of dollars in the subprime mortgage market. The suit was filed against 14 current and former executives and board Countrywide's stock, ...

  • Brown must invest and build his way out of gloom and bust 15 May 2008 21:32 GMT
    ... Brown must invest and build his way out of gloom and bust ONCE Gordon Brown boasted he ...

  • Luminent Announces Appointment of Zachary H. Pashel as Chief Executive Officer 15 May 2008 21:32 GMT
    ... to restructure the company, taking advantage of the opportunities that have resuscitated in the mortgage market and becoming important players in this new environment." The appointment of Mr. Pashel as ...

  • Senators reach deal on housing rescue: sources 15 May 2008 21:31 GMT
    ... translated into legislative language that we can agree on." Since last spring, the nation's mortgage market has been shaken by sinking home values that have erased billions of dollars of ...

  • Stocks higher after reports show economy not as bad as expected 15 May 2008 20:39 GMT
    ... experiencing as rough a time as many investors expected after the near-collapse of the mortgage market. A pullback in oil prices and deal-making at major companies including General Electric Co. ...

  • US mortgage rates drop 1/8 pt on Thursday-BestInfo 15 May 2008 20:37 GMT
    ... Monitor is provided exclusively to Reuters by BestInfo, Inc., a Dover, Vermont-based provider of mortgage market analysis. (Reporting by Lynn Adler) © Thomson Reuters 2008 All rights reserved ...

  • DIARY - Today in Washington - May 16 15 May 2008 20:37 GMT
    ... Sandra Braunstein, director, Federal Reserve Division of Consumer and Community Affairs, participates in "Addressing Mortgage Market Problems" panel at a Chicago Fed bank conference. 1315/1715 - Chicago- Office of Federal ...

  • UBS shakes up investment bank management, risk controls 15 May 2008 20:37 GMT
    ... management deficiencies after it wrote down $38 billion in investments tied to the struggling mortgage market. The bank said Daniel Coleman is now heading its global equities functions. Former co-head ...

  • U.S. Senate Close to Housing Rescue Deal 15 May 2008 20:30 GMT
    ... that meeting, Dodd said talks were still under way. Since last spring, the nation's mortgage market has been rattled by sinking home values that have erased billions of dollars of ...

  • BofA CEO says more consolidation ahead in banking 15 May 2008 19:55 GMT
    ... with others as they emerge from the ongoing credit crunch and turmoil in the mortgage market. Such consolidation will provide more 'long-term diversity and strength for the future,' he said. ...

  • Stocks advance as investors sift through data 15 May 2008 19:55 GMT
    ... experiencing as rough a time as many investors expected after the near-collapse of the mortgage market. A pullback in oil prices and deal-making at major companies including General Electric Co. ...

  • Crédit Agricole ready to bow to 'capital as king' 15 May 2008 19:36 GMT
    ... of March. This was partly because of €1.2bn of writedowns linked to the US mortgage market, but Calyon also made underlying trading losses. Group net profit fell 66 per cent ...

  • Countrywide must face shareholder lawsuit 15 May 2008 19:19 GMT
    ... originator in the Triangle. But Countrywide has lost millions of dollars in the subprime mortgage market. The suit was filed against 14 current and former executives and board members. Countrywide's ...

  • Austria 1, Germany 0 15 May 2008 19:19 GMT
    ... partly because some of their members are reeling from their misadventures in the American mortgage market. Hardest hit are the publicly owned Landesbanks. One, SachsenLB, would have failed had it ...

  • Freddie Mac: US mortgage giant doing better than expected Freddie Mac has posted a first quarter loss of $151 billion. 15 May 2008 19:13 GMT
    ... $1.2 billion, its Q1 results beat analyst expectations. The firm's role in the secondary mortgage market is crucial in boosting liquidity in the US banking sector and it is taking ...


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