Mortgage and Financial News From 2007-10-2 Page 33
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U.S. Stocks Rally, Sending Dow Average to Record; Lennar Gains (Bloomberg.com)
Oct. 1 (Bloomberg) -- U.S. stocks rallied, sending the Dow Jones Industrial Average to a record, as investors speculated the worst may be over for banks and construction companies hurt by subprime mortgage losses.
2007-10-01 03:48:02 -
2 big banks feel effects of mortgage defaults (Seattle Post-Intelligencer)
NEW YORK -- Citigroup Inc. and UBS AG warned Monday that they suffered significant loan-related losses in the third quarter, becoming the latest and biggest banks to reveal huge ill effects from the spike in mortgage defaults and freeze-up in the credit markets.
2007-10-01 06:16:00 -
Citigroup, UBS banks fall prey to mortgage turmoil (The Salt Lake Tribune)
NEW YORK - Citigroup Inc. and UBS AG, the largest banks in the U.S. and Europe, warned they suffered significant loan-related losses in the third quarter, becoming the latest and biggest institutions to reveal huge ill effects from the spike in mortgage defaults.
2007-10-01 11:04:27 -
Take good look at mortgage insurance (The Nashua Telegraph)
I've been getting questions recently on mortgage insurance and figured this is a good day to answer some of them. ...
2007-10-01 10:42:44 -
Loan, mortgage woes weigh down Citigroup, UBS (Daytona Beach News-Journal)
Shares in both companies rose, though, and the Dow Jones industrial average jumped to a record above 14,000, as investors who sold off the financial sector this summer bet the worst is over for the banks.
2007-10-01 10:57:19 -
Citigroup, UBS say Q3 profit to dip on mortgage defaults (The Star-Ledger)
NEW YORK -- Citigroup and UBS warned they suffered significant loan-related losses in the third quarter, becoming the latest and biggest banks to reveal huge ill effects from the spike in mortgage defaults and freeze-up in the credit markets.
2007-10-01 10:10:13 -
U.S. subprime mortgage problems hit Citigroup, UBS (CBC)
Losses from the U.S. subprime mortgage meltdown hurt third-quarter earnings at banking sector heavyweights Citigroup Inc. and UBS, the companies said Monday.
2007-10-01 09:57:15 -
AIG United Guaranty, SGIC In Alliance For Mortgage Ins In Skorea (Asia Pulse via Yahoo!7 News)
(Full text of a statement. Contact details below.) AIG United Guaranty and SGIC Announce Alliance to Expand Mortgage Insurance Availability in South Korea SEOUL, Oct 2 /Xinhua-PRNewswire-AsiaNet/ - South Korean Home Buyers Stand to Benefit from Broader Access to MI Coverage AIG United Guaranty, (Note 1) whose affiliate companies provide mortgage guaranty insurance (MI) and other financial ...
2007-10-01 10:59:55