Mortgage and Financial News From 2008-1-17 Page 21

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  • Huntington Bancshares Q4 2007 Earnings Call Transcript - Seeking Alpha

    Huntington Bancshares Q4 2007 Earnings Call TranscriptSeeking Alpha, NY - 1 hour agoThis occurs as the loans are refinanced elsewhere. While the level of pay offs has obviously declined substantially from earlier levels, monthly refinance ...
    2008-01-17 04:29:20

  • Granite Construction Appoints Peg Wynn VP, Director Of Human ... - RTT News

    Granite Construction Appoints Peg Wynn VP, Director Of Human ...RTT News, NY - 1 hour ago... to the early redemption of variable-rate, trust preferred obligations and the refinance of Federal Home Loan Bank advances into lower cost instruments. ...
    2008-01-17 04:33:42

  • With lower rates, consumers seek mortgage deals (The Pantagraph)

    BLOOMINGTON — David Rutledge likens mortgage interest rates to a game of “Deal Or No Deal.”
    2008-01-17 03:57:50

  • Better to pay mortgage on rental property or personal residence? (Market Watch)

    WASHINGTON (MarketWatch) - Question: I have two small rental houses and a personal residence. I bought the rentals cheap, and thanks largely to sweat equity, both have more or less doubled in value.
    2008-01-17 04:38:34

  • Southern National Bancorp of Virginia Inc. Reports Record Earnings of $1.7 Million for 2007, Compared to $1.0 Million ... (PrimeNewswire via Yahoo! Finance)

    CHARLOTTESVILLE, Va., Jan. 17, 2008 -- Southern National Bancorp of Virginia, Inc. announced today that net income for the year ended December 31, 2007, was $1.7 million compared to $1.0 million in the year ended December 31, 2006.
    2008-01-17 04:59:16

  • Hicks on brink as Dubai group offer Kop out (Irish Examiner)

    LIVERPOOL co-owner Tom Hicks could be on the brink of being offered a way out of the troubled club.
    2008-01-17 05:10:45

  • Valley home sales, prices continued drop to close 2007 (Merced Sun-Star)

    Home prices ended 2007 on a low note in the Northern San Joaquin Valley, with sales volume down 38.8 percent and sales prices down 25.5 percent in Stanislaus County last month, compared to December 2006.
    2008-01-17 05:31:03

  • Mortgage Woes Hurt Dow, Small Stocks Hit Bear Market

    Wall Street Journal - Mortgage Woes Hurt Dow, Small Stocks Hit Bear Market ... Matters went from bad to worse as the stock market suffered its worst loss of ... fresh round of hefty write-downs by banks and signs that bond insurers' credit ...
    2008-01-17 01:36:00

  • News & Analysis : Serious Tools for Serious Investors

    Street.Com - Thain said the firm's structured credit team -- where much of the CDO paper was created -- would be dramatically reduced ... Thain said that he does not anticipate that the firm's aggressive writedowns now will translate into recoveries on bad mortgage ...
    2008-01-17 02:33:00

  • Washington Mutual Posts Quarterly Loss on Provisions (Update2)

    Bloomberg - ... loan, reported its first quarterly loss since 1997 after writing down the value of its home mortgage unit and setting aside $1.5 billion to cover bad ... Certainly credit costs are elevated and we anticipate them to be elevated throughout 2008,'' Chief ...
    2008-01-17 03:16:00

  • Business Minute: Stocks sink, stimulus talk picks up, Merrill shares ...

    WDAM-TV - It is Merrill's biggest quarterly loss since being founded 94 years ago, after writing down $14.6 billion of investments slammed by the ongoing credit crisis. WASHINGTON (AP) - There's at least one advantage to not being a millionaire - less chance of ...
    2008-01-17 01:36:00

  • Merrill posts worst quarter in its history

    Reuters - NEW YORK (Reuters) - Merrill Lynch & Co Inc reported about $16 billion in mortgage-related write-downs and ... But we knew that it was going to be bad." The $16 billion write-down, with credit adjustments, is roughly comparable with analysts' expectations ...
    2008-01-17 03:38:00

  • Bad debt drives down Comerica 4Q profit

    MSN MoneyCentral - ... Comerica Inc. said Thursday its fourth-quarter profit fell sharply as bad debt ... Noninterest income, or the cash Comerica made from mortgage loan service fees and ... 4 percent to 0.5 percent of customers won't be able to pay off their credit in 2008 ...
    2008-01-17 11:41:00

  • UPDATE 3-Washington Mutual posts $1.87 bln loss on mortgages

    Forbes - Credit costs are elevated, and are likely to remain elevated for some time." The Seattle-based thrift's mortgage unit lost $1.96 billion in the fourth quarter, reflecting an increase in bad loans, a write-off for goodwill, and costs to eliminate 2,600 ...
    2008-01-17 03:38:00

  • Washington Mutual posts $1.87 bln Q4 loss

    Boston Globe - Credit costs are elevated, and are likely to remain elevated for some time." The Seattle-based thrift recorded a $1.96 billion loss in its mortgage unit, reflecting an increase in bad loans, a write-off for goodwill, the costs of eliminating 2,600 ...
    2008-01-17 03:52:00

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