Mortgage and Financial News From 2008-3-11 Page 8

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  • UPDATE 2-Thornburg write-down grows 58 percent, but shares soar

    Reuters South Africa - NEW YORK, March 11 (Reuters) - Thornburg Mortgage Inc (TMA.N: Quote , Profile , Research ), a lender whose survival is in question, on Tuesday restated 2007 ... the amount to comply with accounting rules because it may be unable to hold the affected home ...
    2008-03-11 02:22:00

  • Countrywide reportedly under FBI investigation

    CNN Money - NEW YORK (CNNMoney.com) -- The FBI has launched an investigation into the lending practices of battered home lender Countrywide Financial Corp. according to a U.S. government official, CNN has learned. The mortgage company is suspected of fraud, the ...
    2008-03-09 02:31:00

  • UPDATE 1-Commonwealth Bank to up variable home loan rates

    Reuters - SYDNEY, March 10 (Reuters) - Commonwealth Bank of Australia Ltd (CBA.AX: Quote , Profile , Research ), Australia's top mortgage lender, said on Monday it would raise its variable home loan rate by 35 basis points, above the increase in official ...
    2008-03-09 10:24:00

  • FBI investigates top U.S. home-loan firm

    Xinhua News Agency - BEIJING, March 10 -- Countrywide Financial Corp, the largest United States mortgage lender, is under scrutiny by the Federal Bureau of Investigation for possible securities fraud, according to a source. Citing an anonymous insider, Bloomberg News ...
    2008-03-09 05:59:00

  • Borrowers bank on the big guns

    News.com.au - ... refinancing their loans in search of a better deal has risen to an eight-year high as they seek lower rates and a more understanding lender. Australian Bureau of Statistics January home lending figures show that bank dominance of the mortgage market ...
    2008-03-11 03:26:00

  • IndyMac warns of widening credit spreads

    CNBC - LOS ANGELES (AP) - IndyMac Bancorp Inc., the nation's ninth-largest mortgage lender, warned Tuesday that deepening turmoil in debt ... In the filing, IndyMac noted that spreads on everything, including Fannie Mae and Freddie Mac securities backed by home ...
    2008-03-11 11:37:00

  • U.S. Stocks Rally on Fed's Plan to Lend Up to $200 Billion

    Bloomberg - Countrywide Financial Corp., the biggest U.S. mortgage lender, climbed 75 cents to $5.11. Washington Mutual added $1.84, or 18 percent, to $11.88.
    2008-03-11 01:25:00

  • IndyMac says it may miss forecast on asset declines

    Los Angeles Times - IndyMac Bancorp Inc. , the second- largest independent U.S. mortgage lender, said first-quarter results may be worse than its Feb. 12 forecast because of the declining value of securities linked to home loans. Chief Executive Michael Perry had said ...
    2008-03-11 03:26:00

  • Examiner.com Related Articles: (The San Francisco Examiner)

    Countrywide's stock recovery followed a decline of 14 percent on Monday, when shares closed at $4.36.
    2008-03-11 02:49:21

  • Countrywide stock up on Fed action, despite reports of FBI probe (San Francisco Chronicle)

    Shares of Countrywide Financial Corp. soared more than 17 percent on Tuesday amid word of a new Federal Reserve plan to infuse credit markets with capital. Countrywide shares rose 75 cents, or 17.2 percent, to $5.11. The jump put the brakes on a...
    2008-03-11 03:04:05

  • 'There are lots of things we can do' 03/12/08 (The News-Herald)

    SOUTHGATE — U.S. Sen. Debbie Stabenow (D-Mich.) said she's dedicated to moving the state "through the tough times and into a brighter time."
    2008-03-11 03:13:36

  • Bill Requiring Adopted Pets Be Neutered Will Soon Be Law (KMGH 7 Denver)

    A bill requiring all cats and dogs put up for adoption to be spayed or neutered is on its way to the governor.
    2008-03-11 03:30:47

  • Should You Unlock Capital From Your Home? (The Motley Fool)

    Does it make sense to borrow more money against your home?
    2008-03-11 03:34:52

  • Washington Mutual Rises on Speculation of Infusion (Update3) (Bloomberg.com)

    March 11 (Bloomberg) -- Washington Mutual Inc. , the largest U.S. savings and loan, rose the most in almost eight years on speculation that Warren Buffett and Goldman Sachs Group Inc. may invest in the company.
    2008-03-11 03:55:16

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    2008-03-06 03:58:00

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