Mortgage and Financial News From 2007-11-11 Page 10
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HSBC seen facing another hit from U.S. mortgages
Reuters - ... this week expected to unveil a further big hit from its exposure to the U.S. mortgage ... HSBC's group charge for bad debts was $6.35 billion in the first half of the ... new leadership at HSBC Finance put together a team to examine and monitor credit ...
2007-11-11 10:09:00 -
Money makeover: Job issues put couple on edge
Chicago Tribune - Now the Orlando couple has $16,791 in credit card debt and combined car payments that nearly equal their $800 mortgage bill each month. ... Because of the layoffs and some bad choices, we have huge debt," Terri, 45, wrote in ...
2007-11-11 08:57:00 -
HSBC to Reveal $1 Billion Bad Debts, Telegraph Says (Update1)
Bloomberg - Nov. 11 (Bloomberg) -- HSBC Holdings Plc is set to announce $1 billion of bad debts stemming from its U.S. mortgage ... The lender's provisions for bad loans, primarily to U.S. borrowers with poor credit histories, climbed 63 percent to almost $6.4 ...
2007-11-11 09:55:00 -
Stock markets likely in for a tough week amid credit worries
Winnipeg Free Press - TORONTO - Another round of worries about U.S. mortgage debt gone bad and warnings of a slower U.S. economy will likely cast a pall over stock markets this week. "It's not just subprime, it's financial firms around the world getting battered and now ...
2007-11-11 09:33:00 -
HSBC 'to reveal more US bad debt' (BBC News)
HSBC declines to comment on a report its US unit is to reveal a further $1bn exposure to bad housing debt.
2007-11-11 06:44:40 -
HSBC to Announce $1 Billion of Bad Debts, Daily Telegraph Says (Bloomberg.com)
Nov. 11 (Bloomberg) -- HSBC Holdings Plc is set to announce $1 billion of bad debts stemming from its U.S. mortgage business, the Daily Telegraph said, without citing the source of its information.
2007-11-11 12:58:51 -
Stock markets likely in for a tough week amid credit worries (Canadian Business)
Malcolm Morrison, The Canadian Press November 11, 2007 - 12:36 a.m. TORONTO - Another round of worries about U.S. mortgage debt gone bad and warnings of a slower U.S. economy will likely cast a pall over stock markets this week.
2007-11-11 09:40:34 -
Stock markets likely in for a tough week amid credit worries (The Canadian Press via Yahoo! Canada News)
TORONTO - Another round of worries about U.S. mortgage debt gone bad and warnings of a slower U.S. economy will likely cast a pall over stock markets this week.
2007-11-11 09:36:00 -
The $2.5tn bond insurance problem (Gulf Times)
LONDON: Bond insurance, a key safety net of the financial system, is looking vulnerable, raising the possibility of another round of forced sales, writedowns and contagion.
2007-11-10 02:51:01 -
LOCAL AND STATE NEWS
San Jose Mercury News - The practice of home buyers with shaky credit taking out second mortgages for down payments is ending because there's no investor demand for securities backed by such loans. The availability of second-mortgage financing for subprime borrowers has all ...
2007-11-09 01:43:00 -
How to halt those annoying junk faxes
Buffalo News - Most of them are solicitations for mortgages or refinancing. Neither of which interests her. “These are particularly ... for victims of crime Boy, 10, seeks normal life as he fights muscular disease Niagara Falls prophesied as site of Second ...
2007-11-11 06:06:00 -
Foreclosed properties help new buyers
San Diego Union-Tribune - ... condo for about a year, but we couldn't afford it because the price was so high,” said Blas Vazquez, who has a second job ... While some will benefit from foreclosures, others unable to pay their mortgages will lose their homes, said Paul Leonard ...
2007-11-11 05:01:00 -
Sales Probably Cooled as Fuel Prices Rose: U.S. Economy Preview
Bloomberg - Higher credit costs and lending restrictions after the collapse in subprime mortgages may mean the industry's slump will ... A Labor Department report Nov. 15 may show prices paid by consumers rose 0.3 percent in October for a second month ...
2007-11-11 06:13:00 -
Tim Paradis: Investors afraid of bond debt
Dallas Morning News - But before selling bond funds over fears that ruptures in subprime mortgages will prove ruinous to their holdings ... Berry contends investors would have seen second-quarter, third-quarter and year-to-date numbers fall off if there ...
2007-11-11 06:41:00 -
Are the financial stocks worth a second look?
Nevada Appeal - ... bad news about loan defaults in the housing sector, banks are having to write down losses due to all the subprime mortgages ... of this mess, but absent perfect timing, it might be a very good time to give some of the beaten-down financials a second ...
2007-11-11 03:50:00