FirstFed Reports Results for the Second Quarter of 2008 - MSN MoneyCentral

FirstFed Financial Corp. FED , parent company of First Federal Bank of California, today announced lower loan loss provisions and a decline in single family loans less than 90 days delinquent in the second quarter of 2008 compared to the first ...

SONYMA to borrow $168 million to finance 2,468 new mortgages - Buffalo News

The State of New York Mortgage Agency plans to issue $168 million in bonds to support the purchase of about 2,468 new mortgages valued at $323 million statewide — one-fifth of them in Western New York. The planned mortgage purchases, which will ...

Fed's rate cuts might still spur growth … eventually - Arizona Daily Star

WASHINGTON — The Federal Reserve's most aggressive rate-cutting campaign in decades so far has failed to lift the country out of its economic doldrums. The Fed, which started ratcheting down rates last September, halted the campaign in June, citing ...

Stocks Jump on Fed's Prediction for Inflation - Washington Post

Traders work in the crude oil options pit at the New York Mercantile Exchange. Oil fell $2.24 yesterday, to $119.17 a barrel, contributing to the Dow's biggest one-day gain in four months. (By Jin Lee -- Bloomberg News) In this July 10, 2008, file ...

FirstFed Grapples With Payment-Option Mortgages - Wall Street Journal

LOS ANGELES -- Like many mortgage lenders, FirstFed Financial Corp. is struggling with rising losses. The bank posted a loss of nearly $70 million in the first quarter -- reversing years of profit. Forty percent of its borrowers became at least 30 ...

Wall Street Holds On to Gains - Washington Post

The Federal Reserve left its key interest rate unchanged today, and indicated deeper concern about the slowing economy combined with an intention to be vigilant about inflation. The federal funds rate, at which banks lend to each other, will be left ...

NECAC Assists 90 Homeowners Facing Foreclosure - St. Louis Post-Dispatch

Bowling Green, Mo. - Over 90 families faced with losing their homes have contacted the not-for-profit North East Community Action Corporation (NECAC) for foreclosure counseling since April. NECAC started the Foreclosure Mitigation Program at that ...

Blue Cross named in suit - Detroit Free Press

A Pontiac physical therapy company filed a lawsuit in Oakland County Circuit Court on Monday against Blue Cross Blue Shield of Michigan, charging that the insurer engaged in a malicious campaign against the company and canceled a contract to provide ...

Fannie Mae, Freddie Mac to Report Losses Through 2008 (Update1) - Bloomberg

Aug. 5 (Bloomberg) -- Fannie Mae and Freddie Mac , the biggest U.S. mortgage-finance companies, may report net losses through the first quarter of 2009 as home-loan delinquencies rise to the highest on record, analysts' estimates show. Freddie ...

Rates on short-term Treasury bills rise - San Diego Union-Tribune

The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 1.710 percent, up from 1.695 percent last week. An additional $24 billion in six-month bills was auctioned at a discount rate of 1.920 percent, up from 1.880 ...

The Stahler Inflation Pain Index Helps Consumers Understand the ... - Forbes

CHICAGO, Aug. 5 /PRNewswire/ -- Consumers are becoming increasingly suspicious of the traditional metrics used to measure the state of the nation's economic health. That's why Steven Stahler of The Stahler Group commissioned the Chicago-based survey ...

Auction of Treasury bills brings small rise in rates - Baltimore Sun

WASHINGTON - Interest rates on short-term Treasury securities rose in yesterday's auction, with rates on three-month bills rising to their highest level in a month. The Treasury Department auctioned $25 billion in three-month bills at a discount rate ...

Fannie Mae, Freddie Mac to Report Losses Through End of Year - Bloomberg

Aug. 5 (Bloomberg) -- Fannie Mae and Freddie Mac , the biggest U.S. mortgage-finance companies, may report net losses through the first quarter of 2009 as home-loan delinquencies rise to the highest on record, analysts' estimates show. Freddie ...

GMAC Mortgage in Troy plans layoffs - Detroit Free Press

The company filed a layoff notice with the state today, announcing the layoffs but did not give a reason. The overall mortgage industry has been hurt by the subprime adjustable rate mortgage meltdown and resulting credit crunch and record ...

Wachovia falls on profit taking after run-up - Forbes

Wachovia Corp. shares fell sharply Monday as investors took profits following last week's run-up, amid ongoing worries about the bank's exposure to defaulting loans. Robert Patten, a Morgan Keegan & Co. analyst, advised investors to cash in recent ...

Wachovia shares fall; analyst says sell the stock - Reuters

NEW YORK (Reuters) - Wachovia Corp (WB.N: Quote , Profile , Research , Stock Buzz ) shares fell as much as 10.3 percent on Monday after an analyst said investors should sell the shares of the fourth-largest U.S. bank and avoid the pain likely to ...

Capstead Mortgage Corporation Declares August Dividend on Its - MSN MoneyCentral

The Board of Directors of Capstead Mortgage Corporation CMO announced today that it will pay a regular monthly dividend of $0.105 per share on the $1.26 Cumulative Convertible Preferred Stock, Series B CMOPRB . The dividend is payable on August 29 to ...

Ahead of the Bell: Wachovia - CNBC

NEW YORK - A Morgan Keegan analyst recommended selling shares of Wachovia Corp. Monday after the stock jumped sharply last week and ahead of a meeting between new chief executive Robert Steel and investors. Morgan Keegan analyst Robert Patten said ...

New York Mortgage Trust Reports Second Quarter 2008 Results - CNBC

NEW YORK, Aug 04, 2008 /PRNewswire-FirstCall via COMTEX/ -- New York Mortgage Trust, Inc. (the "Company" or "NYMT") (Nasdaq: NYMT), a self-advised real estate investment trust (REIT) engaged in the investment in and management of Agency mortgage ...

Homeowners facing foreclosure seek help - 22 WSBT

Story Updated: Aug 2, 2008 at 3:18 PM EDT SOUTH BEND — Homeowners who can not make their mortgage payments reached out for help Saturday. Foreclosure rates in Indiana have been above the national average for almost a decade. The Indiana Foreclosure ...

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