Mortgage and Financial News From 2007-11-13 Page 4

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  • BofA to offer reverse mortgages in Bay Area

    MSN MoneyCentral - Bank of America Corp. plans to introduce its senior equity reverse-mortgage products to Northern California and Florida by the end of the month. The bank, which piloted its own reverse mortgages for customers in Arizona since November 2006, has ...
    2007-11-13 03:14:00

  • Yen Falls as Stock Gains Spur High-Yield Purchases (Correct) (Bloomberg.com)

    (Corrects yen's level in fourth paragraph.) Nov. 14 (Bloomberg) -- The yen fell for a second day against the euro on speculation Asian stocks will follow U.S. shares higher, giving investors confidence to buy high-yielding assets with loans in Japan.
    2007-11-13 05:20:07

  • BofA expands reverse-mortgage business (The Business Journal of the Greater Triad Area)

    Bank of America Corp. has expanded its consumer reverse-mortgage business to customers in the Carolinas and Georgia. (BAC)
    2007-11-13 11:53:35

  • Bank of America expands reverse mortgage offerings (Asheville Citizen-Times)

    CHARLOTTE -- Bank of America Corp. says it will begin offering reverse mortgages to consumers nationwide by the middle of next year.
    2007-11-13 11:18:46

  • Bank Of America Expands Reverse Mortgage Offerings (WSOC-TV Charlotte)

    CHARLOTTE, N.C. -- Bank of America Corp. says it will begin offering reverse mortgages to consumers nationwide by the middle of next year. Reverse mortgages are typically offered to individuals who are 62 years or older.
    2007-11-13 11:17:55

  • BofA to offer reverse mortgages in Bay Area (BizJournals)

    Bank of America Corp. plans to introduce its senior equity reverse-mortgage products to Northern California and Florida by the end of the month. (BAC)
    2007-11-13 03:13:00

  • WestLB strategy backfires again

    Financial Times - ... to compensate for weak profits at home has cost the German public sector bank several hundred million euros for the second ... These are usually lots of financial company debt, and equal or greater amounts of structured bonds backed by mortgages and ...
    2007-11-13 03:22:00

  • BofA to take $3 billion writedown

    CNN Money - CHARLOTTE, N.C. (AP) -- Bank of America Corp., the nation's second biggest bank, said Tuesday it will take a $3 billion ... which are complex instruments that combine slices of different kind of risk and are often backed in part by subprime mortgages ...
    2007-11-13 02:17:00

  • Our housing prices have national media guessing

    Seattle Post Intelligencer - ... ratios without considering other factors, such as the local economy, share of investors and quality of outstanding mortgages, Gledhill said. Moody's Economy.com expects prices to peak for the third quarter of 2007, drop 5 percent through the second ...
    2007-11-13 02:39:00

  • Japanese Stocks May Snap Eight-Day Decline; Canon May Advance

    Bloomberg - ... half net income fell more than it expected because of increased provisions against loans linked to U.S. subprime mortgages. Tokyo Electron Ltd. may decline after Nomura Holdings Inc. lowered its rating on shares of the world's second ...
    2007-11-13 03:43:00

  • Bank of America hit with $3.3bn write-down

    News.com.au - BANK of America, the second-largest US bank, said it expects to write down $US3 billion ($3.35 billion) of debt in the ... The pre-tax loss stems from collateralised debt obligations, including those tied to subprime mortgages, and may grow if ...
    2007-11-13 04:19:00

  • What's the Trouble With Starbucks?

    Forbes - Even relatively high income earners - if they see their adjustable-rate mortgages go up $300 a month, they go, 'Well, maybe I don't need that second latte today,'" Toomey said. Or are they defecting to cheaper competitors? McDonald's has been testing ...
    2007-11-13 03:29:00

  • Yen Falls Against Euro as Stock Gains Spur High-Yield Purchases

    Bloomberg - Nov. 14 (Bloomberg) -- The yen fell for a second day against the euro on speculation Asian stocks will follow U.S. shares ... trades after Goldman Sachs Group Inc. yesterday said it doesn't plan any significant writedowns related to subprime mortgages ...
    2007-11-13 03:57:00

  • Macquarie Group shares slump on profit warning

    News.com.au - ... shares sagged yesterday after chief executive Allan Moss signalled that earnings momentum was likely to slow in the second ... One of the big underperformers during the half was the mortgages business, which suffered under the weight of higher funding ...
    2007-11-13 06:13:00

  • Bank of America sees $3 billion debt write-down

    Times of India - Bank of America Corp, the second-largest US bank, said on Tuesday it expects to write down $3 billion of debt in the ... The pretax loss stems from collateralized debt obligations (CDOs), including those tied to subprime mortgages, and may ...
    2007-11-13 06:35:00

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